Coinhako adds Ether for wallet users in Singapore and Malaysia

coinhakoethereumsingaporemalaysia

Coinhako, a Singapore-based bitcoin wallet provider today announced that it will be adding support for ether (ETH). Users can now buy, sell and store ETH in Singapore and Malaysia.

Ether tokens are the native coin and payment fuel of Ethereum, the decentralized blockchain platform to run smart contracts not operated by any institutionalized bank or government. ETH has vaulted to number 2 behind bitcoin in market capitalization and popularity, now with a market value of over USD $8 billion at time of writing.

CoinHako.com is a bitcoin wallet service that aims to provide easy and reliable access to bitcoin and as of today ether for users in Asia. The company was the first bitcoin startup in Asia to be selected by Silicon Valley-based incubator Boost VC.

The company is reported to have processed more than SGD $350 million in transactions since its founding.

The service is locally based as it only allows for users to buy in Singapore and Malaysia with local currency, but has made notices in the past they are looking to expand to other Asian countries.

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Buzz
Buzz
7 years ago

Chronology of a FAILURE: CoinHako – wanted to try to use to buy bitcoins – Sent 1000 SGD in – Got credit to my account – Saw the BTC – SGD exchange rate, and compared with BTC/USD * USD/SGD ==Turns out that their rate was 20% HIGHER than the market – Wanted to send back the amount to my bank: BUT, they posted message that this service would stop after 2 days: proceed to make the transfer anyway – 2 days later: funds still not out, and transfer not possible anymore (and never got any reply from them on why their rate is over priced…) FAIL #1 So, was left with no other choice than well…. buying bitcoin…. – Now,… Read more »

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