ETHX: India’s Trustworthy Cryptocurrency Wallet & Exchange?
ETHX, found at Ethx.in, claims to be a secure cryptocurrency wallet and exchange that lets users buy and sell Bitcoin, Ethereum and Litecoin in India instantly and at the push of a button. The platform is presently in a closed-beta, with users needing to request an invite in order to buy and sell cryptocurrencies through the platform.
Like many of the cryptocurrency platforms that have been released over the last few years, Ethx.in comes with numerous features to help make the process of buying and selling crypto quick and easy.
First, Ethx.in claims to be a secure website, featuring an up to date SSL certificate with registered contract details. Second, the platform also uses hot and cold wallet systems to maximize its users security of cryptocurrency assets. Along with these features, users also have the ability to enhance their security via two factor authorization.
Features Of ETHX
Other features of the platform include a simplistic design and user interface, taking away all the unneeded features that complicate many other exchanges seen in the space of crypto.
As an added bonus, Ethx also comes with an easy Know Your Customer (KYC) requirements, eliminating the time it takes to get started with trading on the crypto platform. The founders claim that it takes only a few clicks of a mouse and one business day to complete the KYC process.
The platform is mobile and tablet friendly, and operates smoothly on all devices. A standalone mobile application is in the process of being released soon.
In conjunction with the release of the mobile application, a SOAP-based API is also due to be released, which will allow developers to integrate ETHX with their applications quickly easily.
Finally, the platform claims to offer quick deposits and withdraw requests that are processed every hour 7 days a week.
ETHX In Conclusion
ETHX is one of the numerous cryptocurrency exchanges that have been released over the last few years, although it does come with a few interesting differences that could set itself apart from others in the marketplace.
The platform’s interesting design features, combined with its easy KYC process and payout structures could give it a needed edge over other exchanges in the market.
However, the platform is currently in beta, so there is no way of knowing or verifying if the company’s claims are true and correct. Any new exchange should be treated with a healthy amount of suspicion, and as one would treat a new ICO or cryptocurrency. For this reason, people should do their own research and only transact modest sums when using an exchange for the first time.