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Mar 11, 2018 Adrian Exchanges Views: 184

247Exchange

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London, England
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Company Name

InterMoney Exchange Inc

Date founded

Jan 31, 2014

Founder Name

Mr. Anton Vereshchagin

Name

247Exchange

Type

Exchanges and Trading

Address

London, England

Trading Method

peer-to-peer Bitcoin exchange

Minimum withdrawal

$1

Secured By SSL

Yes

Mobile version

Yes

Contact phone

+442038070363

Contact email
Referral reports

Yes

Automatic payouts

No

Payout frequency

Monthly

Commission duration

Lifetime

Commission When A Customer Spends $100

$0.858 (paid in BTC)

Commission per sale

For each client you bring in, you will receive 30% of the fees what 247exchange receives from that client lifetime! If that client also refers new users, you will receive an additional 30% of that client...

For each client you bring in, you will receive 30% of the fees what 247exchange receives from that client lifetime! If that client also refers new users, you will receive an additional 30% of that client’s referrals earnings.

Market
Price
Open 24H
Range 24H
Vol. 24H
% CH
Market
Type
Price
Quantity
Total
Id

Overview

247Exchange is a new standard of digital currencies exchange where they offer services as the easiest and fastest website for trading Bitcoins/cryptocurrencies, run by InterMoney Exchage Inc. (the owner of the service). The Company entirely established Bitcoin exchange that accepts all credit/ debit cards, wire transfers and even cash are available for more than 500,000 locations worldwide. They charge fair prices, CC fees + 3% other fees may be applied depending on the payment method calculated for all the costs.

On August 7, YR2014; the Company officially launched the services to the market with the aid of an exceptional Founder, Mr. Alexey Maximenko. Also, their data center are located in two separate locations: Belize and the USA (Delaware). 

Since the Company established in the country of Belize and USA (Delaware), it’s assuming to have more clients from the origin location, but in the early year of the Company, the majority of their clients seems originated from European countries. But, early this YR 2018 precisely the month of March, according to Alexa, their global rank declined dramatically to 421,597 for just the previous three months. And, currently, the origin of their traffic is coming from a single country, in Russia.

 

Features

Commissions and Spreads: The fee structure on this crypto exchange platform is done in such a way that the fees are based into the exchange prices. Usually, the fees will be shown below on the trader’s main order; there is two type of fees on this platform:

  1. Processing Fee: This is variable
  2. Service Fee: This charge is fixed at 2% of the transaction amount

 

Deposits and Withdrawals Options: Funding withdrawing on this platform can be done in several digital currencies and the five common fiat currencies. Deposit and withdrawal options are available on the listed payment method below:

  1. Credit/Debit Cards: This includes all VISA cards, American Express, MasterCard, Maestro and China UnionPay.
  2. Instant Money Transfers
  3. Bank Wire Transfer (SWIFT and SEPA)
  4. Local Bank Transfer
  5. Prepaid Vouchers/Cards

 

Bonus and Promotions: The platform generously offers periodic bonuses and promotional offerings; though, these can be changed with each promo period.

 

Security: One of the most important features that must be considered when dealing with any exchange platform available out there is the security measure of the platform. In this case, 247exchange uses a valid SSL certification (Secure Sockets Layer) that will give a secured and encrypted link between a web-server and the browser or end-user.

 

Customer Support: This platform invested a client support system that is reliable and accessible 24/7. They cater a social media channels, live chat, support via email, and phone support.

 

Trading

Trading will base on the customer's location and preferences. 247Exchange offered many ways to pay: credit/debit cards, bank transfers, and cash. They also offer local payment options in more than 100 countries and support most of the popular fiat currencies (USD, EUR, GBP, CAD, AUD, etc.). The platform is very user-friendly with detailed instructions of every step you should make, simple as 1, 2, and 3: Create an Order, Make Payment and Get your Money. Simple as that!

 

Conclusion

We have been hearing a lot of things about “Cryptocurrency”, and 247Exchange’s service is relevantly making noise in the Blockchain industry nowadays. Their service is categorized in “digital currency exchanges” which mean that they are one of the services out there who’s able to exchange cash for cryptocurrencies and vice versa. However, currently the Company has only just begun its exchange business; therefore, there is really no enough scope of history or track records that can be used to measure how good or bad the service it offers. Maybe by the end of YR2018, the Company will have enough business volume which can be used to give a reliable conclusion. In other words, traders had better exercise caution when dealing with any platform out there in the Bitcoin space.

Pros & Cons
  • Local pay options in more than 110 countries
  • Supports altcoins
  • Low fees and regular promotions
  • Fast Online Support
  • Fair Prices
  • The first card order can be done with no ID verification
  • No registration procedures are required to start exchanging digital currencies with fiat money
  • All major credit/debit cards accepted, with more than 500, 000 locations to pay with cash worldwide!
  • Crypto purchase transactions are guaranteed for instant delivery
  • Service is offered risk-free without holding onto clients’ funds
  • User experience reported as needing further refinement in 2017
  • Negative reviews of the old platform before re-launch in 2018
  • The service was temporarily offline in the fall of 2017, due to banking issues
  • Complaints of missing information on the original website, which made it difficult to make informed decision about the service, although the new site might resolve those complaints
  • Slow offline support response
  • No followup process on support cases
  • Verification process take too long
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1 Comment

  1. User avatar

    Irving (40) 11 months ago

    Great offer for both user and referrals, However, how can a reputable company lacks of astounding customer service? I can only hope I will never encounter any issue on my account as well as in my transaction as support takes while to receive a response. Overall, I hope for a great experience through them.

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