Terrexa: Buy And Sell CryptoAssets Exchange And Bitcoin Wallet App
What Is Terrexa?
Terrexa is a new cryptocurrency exchange platform and a digital wallet that aims at becoming a quick and easy way for traders to acquire cryptocurrencies. Currently, Bitcoin and Ethereum are the only cryptocurrencies that traders can purchase on the platform. However, plans are underway to introduce Bitcoin Cash, Ripple, and Ethereum.
How To Trade On Terrexa
To begin trading on Terrexa, users will be required to create an account by providing their email address and a password. In order to complete the registration process, the user will have to complete the KYC and verification process, which requires the users to upload their identification documents, proof of identity, and proof of residence.
After setting up the account, users can begin purchasing cryptocurrencies by clicking on the buy/sell button and proceed to input the amount of cryptocurrencies they would like to buy and the amount they would like to pay for them.
Once the purchase is confirmed, Terrexa will request for the address where the coins should be sent. Payments can be made via wire transfers or credit cards. The Terrexa platform also provides users with the ability to exchange their Bitcoin for fiat currency. The user will receive the fiat currency through wire transfer after they fill out the necessary bank details.
Users of Terrexa can store their cryptocurrencies in their own wallets or use Terrexa mobile wallet that is accessible on Android and iOS devices. The user’s private keys are stored in the phone’s local storage but the users can connect their Terrexa account to their phone so that they can purchase coins wherever they are.
Apart from serving individual clients, Terrexa has an Institutional account that suits businesses that receive their revenue in Bitcoin or any other supported cryptocurrency. The institutional account provides the businesses with more options for exchange of cryptocurrencies. Since KYC procedures are mandatory on Terrexa, the businesses will have to provide additional documents such as Certificate of Incorporation and the Director’s personal identification documents.
Why Use Terrexa?
Terrexa has a simplified fee structure whereby the fees are the same when buying or selling cryptocurrencies and the difference only occurs depending on the payment method used. For instance, a 5% fee is charged when using a credit card while wire payments will attract a 3% fee. There are no hidden trading fees apart from those indicated.
The exchange platform has a mobile number and email address listed on the Terrexa website, which users could contact in case of problems. Alternatively, the platform has a FAQ section with adequate information on some of the common questions that the clients might have in terms of creating their accounts or the verification process.
Terrexa acts as a crypto exchange gateway meaning that no users’ funds are stored on the Terrexa system; therefore, users will always remain control of their private keys, which minimizes the chances of the user losing their funds.
Simple And Easy To Use
Trading on Terrexa is relatively easy, which is attributed to the user-friendly website that is easy to navigate. Once a user has logged in into their account, they will access the full functionalities of the website and begin buying or selling cryptocurrencies.