NakamotoX claims to be a next generation bitcoin trading platform. Find out how it works today in our review.
What Is NakamotoX?
NakamotoX, found online at Nakamotox.com, is a cryptocurrency trading platform based in Prague and London. Development on NakamotoX has been taking place in the Czech Republic since 2015.
The platform promises to offer advanced trading features that let you earn more profits on your digital asset portfolio. NakamotoX was built from scratch, including the trading engine that’s capable of handling 1 million transactions per second.
The developers of NakamotoX announced the launch of the platform in early October. The platform is currently available in alpha. Today, the public has an open invitation to the platform to test its features and functionality.
The platform also goes by the shortened form “NKX”. Signing up for the alpha takes a few seconds.
How Does NakamotoX Work?
NakamotoX, like many other cryptocurrency exchanges, promises to offer the highest-quality trading experience while maintaining low fees and a user-friendly experience. The platform is easy enough for beginners to use, but customizable for professionals as well.
The goal of NakamotoX is to become one of the world’s largest cryptocurrency exchanges.
The team behind NakamotoX built the platform completely from scratch. The platform has a field-tested matching engine that can handle hundreds of thousands of trades without any lag. The platform is not fully decentralized; however, they still plan to introduce decentralized features in the future.
NakamotoX also plans to debut trading apps. For now, the platform is available through browsers online.
Some of the core features of the platform include:
- Built with the “highest security standards”, according to an initial press release
- Implements the fastest and most reliable trading engine, capable of handling transaction rates of 1 million (!) transactions per second
- Complete data encryption and storage in accordance with GDPR
- Voluntary adoption of EU AML directives
- Completely decentralized infrastructure
- All risk engine procedures derived from standard banking systems
- Trading available online through web apps or mobile apps
- Instant settlement processing as per pre-defined verified limits
- Extended support and fiat withdrawal options
In terms of security, NakamotoX holds customers’ funds in a multi-signature account. Funds are held in cold storage, and the login process is secured by password-free logins using Trezor devices.
NakamotoX also plans to offer 24/7 support through their customer service department, with guaranteed response times of 12 hours.
How To Use NakamotoX
NakamotoX is currently available in alpha at NakamotoX.com. You can complete the signup process on the official site. You’ll need to verify your email address, then complete KYC/AML verification by scanning your ID card, passport, or driver’s license, among other documents.
NakamotoX is led by general manager Jiří Fiala, a leading Czech entrepreneur with 14+ years of experience managing projects for Fortune 500 companies around the world.
NakamotoX was made in the Czech Republic. The team behind the platform have been extensively involved with cryptocurrencies and blockchain since 2012, including experience in mining. Today, NakamotoX has offices in London and Prague. The company is officially registered in the United Kingdom as NakamotoX Limited.
The team started developing the platform in 2015.
NakamotoX is a new trading platform built in the Czech Republic. The platform and its matching engine were built from scratch by a team of developers. NakamotoX promises to process 1 million transactions per second. It also keeps users’ funds in cold storage.
NakamotoX is currently available in alpha. You can access the platform online today at NakamotoX.com.