Bitcoin Wallet Platform BTC.com Partners with Kraken to Allow Users to Buy Bitcoin Directly from It

Golden Finance News - BTC.com, a popular Bitcoin wallet platform in China, will cooperate with Bitcoin exchange Kraken to allow users to buy Bitcoin directly from BTC.com wallets.

(Bitcoin wallet platform BTC.com will cooperate with Kraken to allow users to buy Bitcoin directly from BTC.com wallets. Image source: Golden Finance)

BTC.com's parent company is Bitmain Technologies, which is also the leading Bitcoin mining chip manufacturer that owns Antminer, Antpool, and Hashnest.

BitMain is headquartered in Beijing, China, and its machines and customers are spread across more than 100 countries around the world. Currently, BTC.com's mining pool is the fourth largest mining pool in terms of hashrate, accounting for 8.4% of the hashing power of the Bitcoin mining network.

( Currently, BTC.com transactions are only available in the United States, and plans to expand Bitcoin trading capabilities outside the United States after 2017. Image source: Golden Finance )

The company announced on Wednesday that it has partnered with U.S.-based digital currency exchange Kraken to allow users to buy bitcoin directly from their BTC.com wallets.

“ Bitcoin purchases will be handled by Bitcoin exchange Kraken Direct (formerly known as Glidera), which currently supports 49 U.S. countries and allows users to purchase Bitcoin via ACH bank transfers, ” the statement said.

In December 2016, Kraken acquired Chicago-based Glidera, a bitcoin wallet funding service that was then rebranded as Kraken Direct. Since then, the company has been offering customers the ability to purchase bitcoin directly from user wallets in one-time transactions using ACH bank transfers.

Jesse Powell, co-founder and CEO of Kraken, commented: “Customers will enjoy the convenience and security of purchasing Bitcoin directly from their BTC.com wallet, with transaction times reduced.”

The company’s website details “Bitcoin purchases typically take 4 business days to complete. If you purchase Bitcoin through a Kraken Direct sale, the funds will typically arrive in your bank account within 2 business days.”

(BTC.com's Bitcoin wallet is available for iOS and Android systems. Image source: Golden Finance)

Kraken Direct lists 11 supported Bitcoin wallets on its website. In addition to BTC.com, Bitcoin wallets that use the service can also sell Bitcoin in their apps: Airbitz, Multibit, Mycelium, Bitpay

BTC.com’s Bitcoin wallet is available for both iOS and Android, and for the Android platform the company also offers several other apps, including a blockchain explorer, a mining pool monitor, and a cloud mining interface.

BTC.com is the company behind one of the largest mining pools in the world, and through its partnership with Kraken Direct, there is a “Buy” option in the BTC.com wallet app that allows users to buy Bitcoin directly without leaving their wallet.

Currently only available in the United States, the company plans to expand its Bitcoin trading capabilities outside the United States after 2017.