XCH4NGE: P2P Cryptocurrency Trading Platform that will Become a LocalBitcoins Fierce Competitor

ADVANTAGES & DISADVANTAGES

ADVANTAGES

Support reachable 24/7 (via stay chat).
P2P platform that solely requires verification once.
Account setup (incl. full verification) takes about 15 minutes.
P2P platform for more than one cryptocurrencies.
DISADVANTAGES

Fewer sellers than preferences (e.g., LocalBitcoins).
Prices aren’t competitive (more than 2.5%).
Website doesn’t look exquisite (but is presently being redesigned).
WHAT IS XCH4NGE?
XCH4NGE is a UK restrained organisation (based in London) which used to be established on the twenty second January 2018. The sole listed director is Sarfraaz Patel.

Their mission is “to make cryptocurrency on hand for everyone” and “become the ideal entry factor to the digital asset ecosystem”.

But what makes them unique? When I asked, they told me they wanted to be a “one cease shop” for the whole thing crypto-related. Quite ambitious it seems!

They launched their peer-to-peer (P2P) platform in November 2018 to UK residents. This seems to work a lot like LocalBitcoins, the place you’ll buy cryptocurrency from different users – no longer without delay from XCH4NGE.

However, this P2P platform is simply the first stage of their platform. There are other services they’re aiming to launch in 2019:

Mobile Application (Q1 2019): Will firstly consist of their P2P platform, however will be extended consist of all their upcoming services.
Cryptocurrency Exchange (Q3 2019): This’ll be reminiscent of some thing like Binance (i.e. crypto-to-crypto) and will encompass a broader decision of cryptocurrencies to buy and sell.
Banking (Q4 2019): They’re working with the UK Financial Conduct Authority (FCA) to reap an e-money license. If they get this, they’ll be able to offer UK bank debts services to established users. That’s a huge deal if they can pull it off.

Our platform has also been designed to cater to enhance usability, making it easy to use for newcomers who desperately need a user centric experience, as well as the everyday user who just wants a reliable, secure, and simple platform focused on accommodating their needs. We’re planning for the long term in our development, aiming to allow cryptocurrency users to eventually be able to use crypto in their daily lives as easily as we do with our fiat money. We are in the process of obtaining our e-money license, working to allow you to manage your fiat funds and crypto in one place.