What Is 2XCHANGE?
2Xchange in a p2p digital exchange that was created for trading BOSCoin. The idea behind this exchange is to ensure everything remains safe and transparent. This will be the first real-time p2p coin exchange for BOSCoin in Korea.
On this exchange, everyone will be able to buy and sell virtual currency securely and directly without any funds being stored by the exchange. One of the benefits that this exchange will offer is more speed and more security. For transactions to occur, the exchange will use an escrow method. It will also feature a screen scraping solution, which is used by many financial institutions.
The developers are committed to ensuring the platform remains transparent and safe at all times. It will be the first of its kind for BOSCoin and in Korea. This exchange will allow you to view the transaction history of both sellers and buyers. If you use the Korean Won, you can pay securely with the internet banking solutions offered by the exchange. They also have an escrow application that will secure your assets.
The certification procedure for this site has also been simplified. If you have hesitated to join crypto due to complex verification, this exchange is right for you. The process has been streamlined to ensure it is still secure but simple. However, it still adheres to all laws in Korea.
The deposit process has also been simplified. Whether you are a newbie to crypto or an experienced trader deposits and withdrawals will be a breeze. At this exchange, the withdrawal fees do not exist. This is due to the unique configuration of the exchange, which manages to eliminate most of the overhead.
If you already have a bank account, this exchange is great. Since it complies with all Korea laws, you will be able to link your account to it. At the exchange, six major banks are supported. If you do not have an account with any of these banks, just take time to open one. However, we plan to increase the banks we support with time.
How 2XCHANGE Crypto Coin Market Trading Exchange Works
2Xchange is a p2p exchange. However, you may not know what that means. A P2P exchange works by matching sellers and buyers of digital coins directly. The individuals trade back and forth with each other. Essentially, the seller can set his or her price and the type of payment they accept.
Most will accept PayPal, credit card payments, bank transfers, and even cash. The exchange in the P2P configuration can be thought of as a dating service. It helps to match two people who want to trade crypto. For this service, the P2P exchange charges a small fee. However, it is usually much less than what a centralized exchange charges.
One of the main benefits of this exchange is that it does not store the coins itself. Thus, it is not enticing to hackers. Even if they did manage to crack such an exchange, they would still need to crack open each user’s wallet. This is a tough task and most hackers will not bother.