Picture this; you have some Bitcoin Cash, and you would like to convert them to BTC, but you’ve got no idea how you will go about it. What would you do?
Did You Know Bitcoin Cash Is Not The Same Thing As Bitcoin?
Of course, BCH isn’t the same thing as BTC, and you should know this if you are a real cryptocurrency investor. Bitcoin Cash (or Bitcoin fork) is an 8MB block forked off the original Bitcoin blockchain on 1st of August by a group of influential cryptocurrency miners, developers and investors.
So, if you would like to get some Bitcoin Cash from your Bitcoins or vice versa, you will need a blockchain asset exchange platform. More specifically, a platform that offers your combination with more friendly rates would be an ideal choice.
What Is the KKEX Exchange?
With the world of cryptocurrency expanding tremendously, the need for a legit and reliable global blockchain asset exchange site is growing. One choice nowadays is this KKEX Exchange, although its authenticity is yet to be vouched for.
It is a new international blockchain asset exchange, entirely owned and operated by a Republic of Seychelles based company called KKEX Technology Co. Ltd. There’s even address on the About Us page of the site, though it bizarrely directs to some place called Moo 5 Naklua Banglamung Chonburi 20150.
Having the name “international” in its description isn’t a mere promotional gimmick though. The website of this ‘Global Blockchain Purse’ is smooth and responsive and seeming favor both those who can read English as well as Chinese-Mandarin. And though it markets itself as a blockchain asset exchange platform, which mainly means users can deposit and withdraw their assets, KKEX Exchange is also an e-wallet.
Users must download the POIM App that’s used to scan a special QR code and gain entry to the exchange center. No transaction can take place unless a user scans the code.
Currency Pairs KKEX Supports
Another notable thing you will notice it’s the various pairs of currencies it supports and their present rates. It supports BCH/BTC, BT1/BTC, BT2/BTC and BTG/BTC with a promise of more lucrative blockchain assets soon.
Depositing And Withdrawing Blockchain Assets
Depositing and withdrawing BTC is done once, predominantly using Pocket IM/Bixin since there’s no information about the other avenues. To deposit and withdraw BCH and BTG, however, Pocket IM/Bixin can be used in specific instances. If you prefer to use ‘Other ways,’ your BCH blockchain must have ‘15 transaction approvals’ for deposits and “Site reviews” if it is a withdrawal. There’s nothing substantial about BTG, whether it is depositing or withdrawal.
All deposits and withdrawals are free of charge!
What Else To Know About KKEX Exchange
The site has such terms as Market Order, Limit Order, Iceberg Order Strategy, SWAP strategy and other words. Perhaps you are wondering what Market Order is, or maybe how a Buy/Sell order is executed.
Well, the site states that so long as a buyer/seller is available, any market order is executable. Further, market orders are prioritized over the price, and thus prices may be different as it goes with the rate at the time of transacting. You can get to understand all this by visiting the site.
KKEX Exchange Verdict
As you check the site (we never tried to transact), you can’t see anything fishy. Even the FAQs are articulated pretty well. However, you ought to be careful since it seems the site is based somewhere in China or Singapore and not Seychelles as they purport.