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Mar 14, 2019 AlanC Exchanges Views: 19

XCH4NGE

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45 Hertford street, London, UK
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Company Name

XCH4NGE Limited

Name

XCH4NGE

Address

45 Hertford street, London, UK

Supported crypto currencies

Bitcoin, Ethereum, Litecoin

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

Overview

The XCH4NGE is a new platform for the exchange (trading) of cryptocurrency based in the United Kingdom. XCH4NGE allows you to buy, sell and store Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Bitcoin Cache (BCH), and Ripple (KSRP). The XCH4NGE was established in January 2018, based in London, and the platform itself was launched at the end of 2018. The mission of the XCH4NGE is to make the "cryptocurrency accessible to everyone" and "become an ideal starting point for a digital asset ecosystem." Given that the platform is relatively new, they are currently offering only five cryptocurrencies, but announce they will expand their offer in the future. The current P2P platform is only the first phase of its platform.

For the current year and 2019 respectively, XCH4NGE announces the following:

  1. Mobile applications - Initially, they will include their P2P platform but will expand, including all their upcoming services.

  2. Cryptocurrency Exchange - It will resemble something like Binance (ie Crypto-to-crypto) and will include a wider choice of cryptocurrency for buying and selling.

  3. Banking: The company operates with the UK Financial Conduct Authority (FCA) and is eligible to receive a license for electronic money. If this happens, then it will be able to offer UK bank account services for its users.

In order to use XCH4NGE services, you must first register and verify your identity. This procedure does not last more than 20 minutes and does not differ from the procedures for verification of identity over other platforms.

 

Fees

If you are purchasing in this case you do not have to pay any additional costs, buying at XCH4NGE is free of charge.

If you are a seller, in this case, you will be charged a fee of 1% of the successful sale.

 

Method of Payment

XCH4NGE currently only supports British bank transfers in Britain (through faster payments) in the domestic currency or GBP.

 

Availability

Only residents of United Kingdom can use the XCH4NGE platform at this time, but it is expected in the first quarter of this year (2019) to be available in Europe and India and then gradually expand.

     

    Conclusion

    The XCH4NGE is a very young platform that offers just five cryptocurrencies, yet it has a lower cost of fees and promises a lot. It's too early to give some important reviews or ratings because it's been on the market for only a few months. However, for this short time of existence, no negative rating was recorded, which is very good. With an excellent support team and great ambitious plans, this platform definitely has the potential. It should be kept in mind that the safety of the XCH4NGE is taken very seriously.

    Screenshots
    Pros & Cons
    • Excellent customer support
    • 24/7 live chat
    • A P2P platform that only requires one check once
    • Setting up an account (including full verification) takes about 15 minutes
    • P2P platform for multiple cryptocurrencies
    • Guaranteed security (due to all users being verified)
    • Currently fewer retailers present
    • Prices still not competitive
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