What Is BitNicx Exchange?
BitNicx Exchange is a seller-focused and result-driven cryptocurrency exchange company that aims at providing buyers and sellers with a reliable platform to do transactions. BitNicx provides an escrow P2P Bitcoin marketplace in which participants can buy or sell Bitcoin and other cryptocurrencies easily and safely.
The Exchange is a peer-to-peer marketplace for both fiat and crypto. Users are able to exchange local currency to Bitcoin or Ethereum. BitNicx will not require capital any capital deposit, as all transactions go directly to the seller’s local bank account.
BitNicx Exchange Project Plans
BitNixc Exchange plans to target Southeast Asia market including Malaysia, Singapore, Indonesia, Thailand, Vietnam, and Philippines among others. However, the Exchange will focus on Malaysia and Bitcoin in its first year of operation.
As far as their business model goes, BitNicx will implement a 1% charge as transaction fees for all transactions on the platform and provide a 50% affiliate commission for referrals. Importantly, the platform provides escrow system to protect both buyers and sellers from counter-party risk and disappearance after each transaction.
Besides, BitNicx will hold itself accountable to the highest standards by meeting it’s clients’ needs precisely and completely. It seeks to cultivate a working environment that provides a human, sustainable approach to earning a living for its partners, employees, and clients worldwide.
History In The Making
On March 1, 2019, Malaysia will be making history as the first country to launch the first homegrown crypto exchange platform. The company is a brainchild of twin brothers Johnny and Douglas Bong. Johnny is the current youth director of Crypto Valley Malaysia. He is also a certified blockchain expert by the Blockchain Council.
Douglas Bong is the current Asia area director of the Blockchain Academy. He is also a Certified Bitcoin Professional by the Cryptocurrency Certification Consortium (C4), where Vitalik Buterin serves in the Board of Directors.
According to Johnny Bong:
“The crypto market is one of the most misunderstood markets. And hence, bad actors have been taking advantage of this. Besides setting our goals to establish the largest cryptocurrency exchange in Southeast Asia, BitNicx will also be focusing on educating the public. We have signed a MoU with Blockchain Academy Asia and Crypto Valley Malaysia to spearhead public awareness on the use of cryptocurrency and blockchain in the state of Sarawak to start.”
BitNicx Exchange Features
Outstanding features of the BitNicx Exchange include:
- 24/7 local customer support
- Military-grade security encryption
- Escrow service
- Multi signature
- Two-factor authentication
With these features in place, participants can transact with confidence on the platform. To ensure that the platform remains safe, BitNicx embraces a personal proprietary reputation metrics system. The system provides a lot of information that counter-parties can utilize to assess the validity of the buyer or seller in each transaction.
“BitNicx will be bridging the future of money with the twin focus on user experience and security. Transacting online for the first time can be daunting, so we made sure the platform is as user-friendly as possible and safe to trade. As I see it, Bitcoin and cryptocurrency, in general, are going to revolutionize the way monetary transactions are performed not only in Malaysia but also around the world. And BitNicx is ready for this,”
Douglas Bong said.