With Bitcoin, the world’s largest cryptocurrency, continuing to consolidate higher on the charts, cryptocurrency trading in India has flourished. The said growth has also fueled a surging boom in India’s native crypto-community. However, while such a community has been around for a while, the fact of the matter is existing players in the industry do not adequately or fully cater to the community’s needs.
Consider this – According to Coin Dance, the first week of December 2020 saw record INR volumes. What does this suggest? Well, it suggests that there is a genuine interest in the field of crypto.
However, as a recent survey found, there are quite a few concerns as well. While regulatory clarity is one, another prominent concern in the eyes of many is that trading and investing options aren’t as easy and seamless as they should be. Ergo, there is room for a player that can cater to any needs that may accordingly arise.
Enter, CryptoBiz Exchange, an innovative, new cryptocurrency trading platform with secure infrastructure in place. Led by CEO Ahmad Dal, a veteran of the cryptocurrency and blockchain sphere, CryptoBiz offers an institutional-grade trading platform that caters to the needs of not just experienced traders, but also novices who’d like to make an entry in the crypto-space.
CryptoBiz’s platform offers its customers a host of services, most notably, the purchase and sale of a single or an array of cryptocurrencies (All listed on CryptoBiz’s Asset Index). That’s not all either as the exchange also facilitates the exchange of cryptocurrencies on a peer-to-peer regulated marketplace, all supported by state-of-the-art technology and a UI that makes trading an easy and seamless experience.
To use the said services, all a person has to do is create an account, verify it, link it to one’s digital wallet, and voila!
In fact, what is also interesting is that while most users have to concede to the option of buying cryptocurrencies like Bitcoin at a higher premium in countries like India, CryptoBiz’s launch disrupts the trend by offering a fair price.
While CryptoBiz is registered in the Northern European country of Estonia, it has a core that is truly Indian, with the likes of Dal, Head of Business Development Arjun Dev, and Head of Digital Marketing Omkar Sonawane leading from the front. This is one of the many reasons why its launch is being so hyped by the community.
This was perhaps best articulated by Mr. Sonawane after he recently commented,
“The team behind our project has been involved in cryptocurrency for years and years. With such experts in the CryptoBiz Exchange leadership, we are bringing a platform for the traders, by the traders – with no compromise on features and security. That is the ultimate goal.”
No compromise on features and security
While on the face of it this would seem like big talk, in the case of CryptoBiz, it really isn’t.
For instance, one of the exchange’s most notable trading features is the availability of the ‘Global Bulk Trading’ option – “an exclusive feature that helps traders, financial institutions and corporate entities buy, sell, and exchange BTC and USDT in large volumes.” Here, while a minimum bulk order has to be worth at least 25 BTC/USDT, the maximum cap on the same is set at 100 BTC/USDT per transaction.
For the same, the exchange supports a host of payment options including bank transfers, SWIFT transfers, and wire transfers, with the supported currencies including the SGD, the Japanese Yen, the Malaysian Ringgit, and THB. Needless to say, as of now, this service is open in only Thailand, Japan, Singapore, and Malaysia. However, CryptoBiz is working on expanding to other countries as well, including India, a country where this option isn’t available yet despite launch.
CryptoBiz isn’t bluffing on the question of security either. Advertising itself as the “best and the most secure platform,” the exchange platform leverages an “expandable and multi-stage holding strategy to ensure that a major chunk of the funds is kept in cold storage to add more safety to the already secured accounts.”
Further, not only does the exchange use a two-factor authentication process, but it also has a range of other security features that provide extra layers of protection, all of which assure a user about the safety and security of their funds.
CryptoBiz also strictly adheres to AML and MLTFPA regulations, with its extensive KYC protocols including a verification of the user’s photo ID and proof of address. In fact, the exchange also abides by local regulations, with CryptoBiz restricting any use of its services from “prohibited jurisdictions.”
Finally, CryptoBiz also comes off as very honest and transparent, especially since the Service page of the exchange’s webpage clearly highlights the risks associated with trading in crypto-assets.
It must be noted, however, that CryptoBiz’s platform is still in its beta phase. This means that there is a lot of room for further upgrades and more offerings, all of which will only make trading even more convenient for a user. With iOS and Android applications in the works, CryptoBiz might just be well-positioned to take the crypto-scene by storm, especially in a country like India.
Disclaimer: This is a paid post and should not be taken as news/advice