Nubank, a Brazilian neobank based in Sao Paolo, has enhanced its cryptocurrency services by introducing the ability to deposit and withdraw Bitcoin, Ether, and Solana. Previously, the platform only allowed users to purchase, hold, and trade these digital assets. This expansion broadens the utility of Nubank’s offerings for cryptocurrency enthusiasts.

The Sao Paolo-based company recently expanded its cryptocurrency services to include deposits and withdrawals for Bitcoin, Ether, and Solana, enhancing the platform’s functionality. Previously, the firm only allowed consumers to buy, hold, and trade these digital assets.

Nubank Expands Crypto Services to Include Deposits and Withdrawals for Major Coins

Nubank, a leading Brazilian fintech, has broadened its cryptocurrency services to include not just buying and selling but also deposits and withdrawals for Bitcoin, Ether, and Solana. Previously limited to trading features, the enhancement follows the bank’s strategy to offer comprehensive bitcoin wallet services.

On April 22, Nubank announced the new functionality, allowing customers to manage these cryptocurrencies more fully.

• Transaction Time: Cryptocurrency transfers may take up to 60 minutes, varying by blockchain network.
• Security Reminder: Users are advised to verify the recipient’s wallet address before transferring, as cryptocurrency transactions are irreversible.

Nubank Enhances Crypto Trading Experience with Gradual Rollout of New Features

Nubank is progressively introducing the capability to deposit and withdraw major cryptocurrencies, including Bitcoin, Ether, and Solana, to ensure a seamless user experience. This feature is currently not available to all customers, as the bank is rolling it out gradually. Nubank encourages users to stay informed through updates on its app and community interactions.

Further extending its crypto services, Nubank plans to support more digital currencies soon. Since initiating cryptocurrency trading in May 2022 with Bitcoin and Ether, Nubank has expanded its offerings to include 15 additional digital assets and its proprietary cryptocurrency, Nucoin. In December, Nubank also partnered with Circle, the creators of the USDC stablecoin, enhancing Brazilian access to digital dollar alternatives.

• Current Reach: As of September 2022, around 2 million customers had engaged in Bitcoin transactions via the Nubank app.
• Future Plans: Nubank is set to include more cryptocurrencies, reinforcing its position in the digital finance space.