Dukascopy Bank SA (www.dukascopy.bank) is a regulated Swiss bank founded in 2004. The Bank is authorized and regulated by the Swiss Financial Market Supervisory Authority FINMA (www.finma.ch). Headquartered in Geneva, the Bank has representative offices in Hong Kong, Dubai, Kuala Lumpur, Riga, Kiev and Moscow. The bank has regulated financial subsidiaries in EU and Japan.
Following its decision to become a crypto friendly Swiss banking institution, Dukascopy Bank introduced its own token called the Dukascoin. This is the first worldwide cryptocurrency of a strictly regulated bank. This is definitely the first cryptocurrency of a Swiss Bank. The Bank ensures the application of the highest AML, risk management and regulatory standards of the Swiss banking industry for operations on the crypto currency market. The Dukascoin opens a new class of crypto currencies issued by strictly regulated banks and will stay segregated from cryptos issued by non-regulated entities and startups.
The Dukascoin, designed as a crypto means of payment, is issued in limited quantity to serve as both payment and speculation. The Dukascoin is expected to gain in value due to a limited supply and to being the first crypto currency in the Swiss banking industry.
Dukascoins are released only upon the opening of a new MCA account by a private person. For each new MCA account, 20 Dukascoins are released by the Bank and distributed as follows:
- Five Dukascoins to the new MCA client;
- Five Dukascoins to the Referrer;
- Ten Dukascoins to the Bank (to cover costs related to clients onboarding, Dukascoins Deposit Reward payments, regulatory environment, IT infrastructure, marketing or any other activities).
As of now, the trading pair DUK+/EUR is bid 1.74 / ask 1.83
Now that you're interested in the offer of five Dukascoins (worth about 10€ + you can sell immediately and get the reward withdrawn right away!), here is quick guide to signup.
Following countries are not accepted for account opening: Cuba, Iran, Japan, Myanmar, North Korea, South Sudan, Sudan, Syria and the USA.
1. Join via this link, and use my code: KUW-VBB
2. Walk through their sign up guide - download their app if prompted to.
3. When you have signed up and downloaded their app, press the ‘bank’ logo in the bottom! Then you get to a 3 step guide - follow the guide -.
4. You should now be at the video identification part. You need an id document and a few min alone. When ready press "Id verification". There might be some waiting, just press "I am ready to id verify" and let the app run (For me it was near instantly, but I heard it might take some time). /!\ There video id verification seem very cheap, I was nervous after doing it because of that, but I got my coin and no problem.
4. Wait for id verification to be accepted (under a day, should be an hour or two). You now have an account with Dukascopy and about 10€ waiting to be withdrawn and gambled x100 on an exchange ;)
/!\ Edit : As Riga Crypto mentionned, first trade has a fee of 4.75€ so, the value you'll get out of it will only be about 5€