Blockchain Arbitration & Commerce Society on LinkedIn: We've Launched our Exchange and Web3 Wallet in the Netherlands (2025)

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Dutch customers can access spot (buy & sell) trading, as well as convert services, for over 150 cryptocurrencies including more than 60 crypto-Euro pairs through our OKX exchange platform. Additionally, our OKX Wallet provides a gateway to the Web3 world, allowing customers to hold full custody of their own crypto.It's easy for our community to withdraw and deposit Euro thanks to our integration withiDEAL, the most popular online payment system in the country. With iDEAL, Dutch customers can instantly deposit funds to their exchange platform accounts free-of-charge. Deposits and withdrawals throughSingle Euro Payments Area (SEPA)are also available for free.Why the Netherlands?The Netherlands has a thriving community of crypto enthusiasts, new entrants, experienced traders and long-term holders. It's well known in the crypto industry that the Dutch are early adopters and are active participants in the crypto and Web3 communities.The Netherlands is also well-known for its knowledge-based economy, technological innovation, and investment landscape - not to mention world-class design thinking. As we grow our local team and pursue our strategy, we aim to hire the best talent who will help us stay close to the community and maintain sustainable growth.We're committed to investing to further grow the local team, led by our Benelux Regional Manager Roy van Krimpen,and will also leverage our global product knowledge and technical expertise to offer the most advanced and intuitive trading tools to the Dutch market.Our Vision in the NetherlandsWe're hard at work building around the world to bring our community a powerful, customized product. We're also steadfastly dedicated to compliance and security and believe the future of crypto is regulated. For our centralized exchange platform services in Europe, we hold a crypto service provider registration with De Nederlandsche Bank (DNB) and a virtual financial asset service provider license in Malta.We were one of the first in the industry to publish monthlyProof of Reservesin late 2022 to validate full backing of customer funds held on our exchange platform. With 19 consecutive monthly snapshots published, we continue to drive the industry's adoption of new and improved reporting standards.We're very pleased to launch our crypto exchange platform and OKX Wallet in the Netherlands, and would like to hear feedback from our customers on how we can better serve them. We invite you to download the app, visit us atokx.com, and reach out to our Support team to get in touch.OKX TR #Netherlands #VASP

We've Launched our Exchange and Web3 Wallet in the Netherlands okx.com

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    PayPal Giving Fund announced that PayPal USD (PYUSD) is now available on theSolana Foundation blockchain, making PayPal'sstablecoinfaster and cheaper to use. The availability of PYUSD onSolanaprovides users1with the choice of multiple blockchains allowing for increased flexibility and control.TheSolanablockchain is known for processing massive amounts of transactions at high speeds with extremely low costs, providing significant benefits for commerce use cases. As the most used blockchain forstablecointransfers, according to data from blockchain analytics platformArtemis,Solanahas emerged as the leading blockchain to run tokenized transactions and isideal for PYUSD as it continues to be used for payment use cases."For more than 25 years, PayPal has been at the forefront of digital commerce, revolutionizing commerce by providing a trusted experience between consumers and merchants around the world. PayPal USD was created with the intent to revolutionize commerce again by providing a fast, easy, and inexpensive payment method for the next evolution of the digital economy," saidJose Fernandez da Ponte, Senior Vice President of the Blockchain,Cryptocurrency, and Digital Currency Group, PayPal."Making PYUSD available on theSolanablockchain furthers our goal of enabling a digital currency with a stable value designed for commerce and payments.""TheSolananetwork's speed and scalability make it the ideal blockchain for new payment solutions that are accessible, cost-effective, and instantaneous," saidSheraz Shere, GM of Payments at theSolanaFoundation. "Continued adoption from industry participants like PayPal helps realize the next generation of fintech innovation."PayPal USD is issued by Paxos Trust Company, a fully chartered limited purpose trust company. Paxos and its products – including expansion to new blockchains –are subject to regulatory oversight by theNew York StateDepartment of Financial Services. Reserves for PayPal USD are fully backed by U.S. dollar deposits, U.S. Treasuries and similar cash equivalents, and PayPal USD can be bought or sold through PayPal and Venmo at a rate of$1.00per PayPal USD.Issuance and custody of PayPal USD is performed by Paxos Trust Company, LLC. Learn more inPayPal'sCryptocurrencyTerms, and in thePaxos Termsthat also apply to PYUSD.PayPal, Inc. is licensed to engage in virtual currency business activity by theNew York StateDepartment of Financial Services. Buying, selling, transferring, and holdingcryptocurrencywith PayPal is not available inHawaiiand where prohibited by law.#PayPal #USD #Stablecoin #Solana #Blockchain

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Blockchain Arbitration & Commerce Society on LinkedIn: We've Launched our Exchange and Web3 Wallet in the Netherlands (2025)

FAQs

What is my Web3 wallet? ›

Web3 wallets are tools designed to store digital assets and interact with blockchain technologies. Unlike traditional bank accounts, these wallets allow the storage and management of blockchain-based digital assets, including: Stablecoins: Stablecoins like USDC can be stored, sent, and received using Web3 wallets.

What is blockchain arbitration? ›

Blockchain arbitration is conducted as a permissionless system in which all the information including parties' claims, arguments and even their evidence is on a public, distributed ledger which is viewable/accessible by the public.

What is a Web3 enabled wallet? ›

Web3 wallets allow crypto holders to secure, transfer and interact with their digital assets. Web3 wallets are “non-custodial” – meaning the wallet owner has complete control of their funds. There are two main types of Web3 wallets – hardware wallets and software wallets.

How do I open Web3 wallet? ›

Setting up the Binance Web3 Wallet is straightforward. Users can start by logging into their Binance account via the app, navigating to the 'Wallets' section, and selecting 'Web3' to create a new wallet. Before using the wallet, users are required to back it up and set a recovery password to secure their assets.

How do I cash out my Web3 wallet? ›

How to withdraw Crypto from Web3 to your primary wallet:
  1. Login to your Mobile App.
  2. Go to the account menu.
  3. Select Web3.
  4. Select the currency you wish to transfer.
  5. Select "Transfer".
  6. Select “Transfer to your primary wallet”.
  7. Enter the amount you wish to transfer or select MAX to transfer all of your selected Crypto.

Is Web3 wallet safe? ›

Most Web3 wallets are non-custodial. Full control over private keys and funds. Users are solely responsible for the security and management of their funds. Reduced risk of hacking or third-party breaches.

Is arbitration good or bad? ›

While arbitration offers advantages such as cost-efficiency, speed, and privacy, litigation provides opportunities to set legal precedents and compel uncooperative parties. To make the right choice, consider the unique circumstances of each case and the preferences of your clients.

Is arbitration a legal thing? ›

An arbitration decision or award is legally binding on both sides and enforceable in the courts, unless all parties stipulate that the arbitration process and decision are non-binding.

Why do I need a arbitration? ›

The advantages include the following: The arbitration process is less costly and generally faster than going through the courts. Unlike in a court case, where the contested issue is heard before a judge, in an arbitration you often have a say over who will be the arbitrator.

What is an example of a Web3 wallet? ›

What are some examples of popular Web3 wallets? The most well-known hardware wallets are Ledger and Trezor. Centralized crypto exchanges also provide non-custodial wallets, for example, Coinbase Wallet and Binance's Trust Wallet.

How do I connect my wallet to Web3? ›

Navigate to the Web3 Wallet that you wish to connect to WalletConnect. Click the connection icon (next to Overview and Transactions in the upper-right corner of the screen). Go to a Web3 protocol. Find an option to connect a wallet and select Wallet Connect.

What's the difference between Web3 wallet and Exchange wallet? ›

Differences Between Web3 Wallets and Crypto Wallets: Crypto wallets are specifically built to manage cryptocurrencies like Ethereum, Bitcoin, Cardano, etc. Web3 wallets are designed to provide access to open, transparent decentralized Finance on the blockchain network.

Is Coinbase a Web3 wallet? ›

Coinbase will provide you with your own web3 wallet as a way for you to easily trade tokens that can only be found on DEX's, as well as to interact with DEXs and various other decentralized applications on the web3 browser.

Is there money in Web3? ›

Earn Money on Web3 with NFTs

You can create and sell NFTs on different marketplaces such as Opensea, Rarible, and more, for a set price. Auctions are also a good option to make use of NFTs. By putting your NFT up for auction, you allow buyers to bid on it, and you get the highest possible price for your NFT.

How much does it cost to develop a Web3 wallet? ›

Web3 wallet development cost ranges from $45k to upwards of $50k. The cost can vary based on multiple factors such as complexity, type of web3 wallet solutions, duration, sources and more. The development cost of your web3 wallet depends on a number of factors spread across the different stages of development.

Is Web3 wallet the same as Coinbase wallet? ›

The Web3 wallet is a crypto wallet where Coinbase holds half of your private key and the device that your web3 wallet is on stores the other half. This solution: Provides you with the convenience to easily access your wallet for interacting with dapps.

Is MetaMask Web3 wallet? ›

Without a doubt, MetaMask is the most popular wallet currently used in Web3. With ~21 million monthly active users, its user-friendly interface enables the ability to interact with the blockchain while having account back-up with a seed phrase.

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