Coinxes: Legit Fiat Trading Cryptocurrency Exchange?
Coinxes is a new cryptocurrency exchange that aims to bring transformative solutions into the coin trading industry. The presale is currently live with a 14% discount. The platform revolves around two main components:
P2P Exchange: The Coinxes P2P exchange supports many different payment methods and allows crypto buyers and sellers to trade and exchange digital assets. They can do this in their own language in a safe, straightforward, and fast way to and from their local currencies.
ICO/STO Counter (IEO): This component of Coinxes allows ICO publishers to list their tokens on the Coinxes platform. ICO/STO investors can also invest in ICO/STOs using their own local currencies or choose from a wide range of payment methods offered by the platform.
Besides, users can utilize the Coinxes platform to buy tokens in their own language without any restriction based on their country of residence. However, this is subject to local laws.
Coinxes vision is to develop a platform where crypto traders can buy and sell digital assets with no restriction based on their location, language, or mode of payment. On the Coinxes platform, users will not be charged multiple times for deposits, trading, and withdrawals. Ultimately, Coinxes aims to accomplish the following:
- To help ICO publishers achieve their hard-cap and reach a wider audience
- ICO investors will be able to invest in any project of their choice without restrictions
- Blockchain projects will be able to list their tokens or coins on an exchange where their assets can exchange to fiat directly or to other cryptocurrencies.
The following are some of the problems crypto traders and ICO publishers face, which Coinxes seeks to solve.
Charges: The main issue here is double charging. Trading platforms charge fees for trading, deposit, and withdrawals.
Locality: Most exchanges only trade in the English language and maybe two or three other languages. Certain restrictions exist on various platforms including language, lack of access to crypto assets, and website access. These keep ICO tokens away from investors in certain geographical locations.
Security: certain centralized exchanges are susceptible to hacking, so storing crypto assets within the platform is a security threat. This leads to lack of trust on the exchanges.
ICO/STO Publishers: STO/ICO publishers want to sell their tokens or coins and investors want to buy the tokens and coins. However, due to the challenges already mentioned, it becomes difficult for ICO investors from places such as Africa, Asia, and other parts of America to invest in the projects.
Charges: Coinxes charges clients only when they deposit coins on the platform. There are no charges on trading or withdrawal so members can withdraw their coins from the platform without any charges.
Locality: The Coinxes P2P platform allows members to trade in more than 50 languages and plans to include more in the future. This is a huge benefit to the ICO publishers since they can list their tokens or coins on the Coinxes P2P Exchange and sell their assets to anyone from any part of the world without restriction.
Besides, ICO investors can now buy any ICO listed on the Exchange by selecting from the payment listed or using their local currency without paying any extra charges or worrying about how to get the crypto assets to buy ICOs.
Security: the Coinxes P2P platform operates on a decentralized system that is protected from DDoS attacks. The platform also has an arbitration and rating system that prevents fraud and hacking attempts. Users do not need to worry about trust on the Coinxes platform because the exchange does not hold their digital assets.
Coinxes platform links crypto assets from the seller to the buyer and provides escrow service to the trade. Buyers can pay directly to the sellers. This means that the exchange holds no assets nor does it store any member’s digital assets. Consequently, there is no fear of hacking.
The Coinxes ICO/STO Counter (IEO) allows publishers to list their tokens directly on the exchange and sell to investors without restrictions. Investors can also select from a wide range of payment methods available on the platform.
What Makes Coinxes Stand Out?
Multi-currency support: Coinxes provides many ways to pay. Traders can buy without any restriction based on their location and utilize several payment methods including their local currencies.
Easy to Use: The Coinxes P2P platform is designed to make the process of trading coins and tokens easy and straightforward.
Leadership: Coinxes restores users’ confidence in its services. It offers arbitration and user ratings that help prevent fraud and hacking. Users can rate buyers and sellers to gain trust.
List ICO/STOs: with its ICO/STO (IEO) Counter, ICO publishers can list their ongoing ICO/STOs on the platform. This feature is unique on a decentralized P2P Exchange.
Many languages: the Coinxes Exchange has a global appeal. It comes with a user-friendly platform that allows users to trade in a language of their choice. The platform can be used in any part of the world.
Secure: Importantly, the Coinxes platform gives users peace of mind. It connects users through its secure escrow system. This gives both buyers and sellers peace of mind, knowing that all operations on the exchange are safe.