Elquirex – What You Need To Know About Elquirex

Elquirex company is a 24/7 cryptocurrency exchange service with a topnotch reputation in the crypto industry. The company provides round the clock financial transaction service, which is sending and receiving funds. The company also provides up-to-date information about every cryptocurrency, this is aid users in making apt decisions when trading. There are also benefits on trading with Elquirex platform, discounts and bonuses are open to both new and existing users that are known as the loyalty program, also there are benefits for referrals.

The platform has Government backing as it is a registered legal entity that operates in line with the current international law. Transactions on Elquirex are confidential as customer data are safe and secured within the system.

The Elquirex platform is user-friendly, in just 5 steps, your transaction will be carried out successfully. To transact on the Elquirex platform, select the currency pair you want to trade, enter the wallet number, enter your e-mail, conclude the transfer and provide a link to the transaction for its confirmation, then wait for the fund to enter your wallet, the waiting time depends on the volume of the currency.

Elquirex Competing With Other Exchange Platforms

Using the Elquirex platform for your e-transaction carries a 5% payment of the total amount of the exchange and also chain fees. It is worthy of note that every blockchain for each cryptocurrency has its chain fee, the volume of the currency is not influenced by the service.

The transacting period is dependent on the blockchain bandwidth volume, usually, it is within 30 minutes to 12 hours. The support team is available 24/7 for any issues about your transaction should any arise.

Bakkt, a global exchange-backed bitcoin and cryptocurrency platform that was launched last year. As at the time of launching the company has support from big brands like Microsoft and Starbuck, the platform aimed at promoting bitcoin to established investors and bring make easy the spending of cryptocurrency among people.

Currently, Bakkt trading price surged to about 800% of daily trade volume, even though the trading price of bitcoin declined after Bakkt accounted for a bland performance over its first few days of trading. The price has picked up as bitcoin futures contracts are being traded in global exchange-backed bitcoin and cryptocurrency platform.

The official Bakkt Twitter handle tweeted, “As we continue to build the Bakkt bitcoin futures contract, we reached a new trading record of 212 contracts traded on Wednesday, and with Wednesday’s close, Bakkt set a new daily record of $1.93 million, bringing its total number of outstanding contracts to 1197 as of October 9, worth $10.2 million.”

Other exchange platforms like Elquirex include Coinbase, Luno, Coinmama, Changelly, Binance, Bitfinex, BitMEX and CEX.io. These platforms have their pros and cons, Coinbase which is one of the most popular exchange platforms, permits users to trade instantly with debit card, it is user friendly like Elquirex and has a buying limit, the cons of Coinbase is that transactions made with bank transfer wakes up to 5 days to complete and transaction destination can be tracked by Coinbase.

Coinmama permits transactions in almost all countries to trade any cryptocurrency using a debit or credit card. They are a trusted crypto broker and the have the highest limit for buying bitcoin with a credit card. The con of Coinmama is that it has some of the highest fees among credit and debit card bitcoin brokers.

Binance, on the other hand, has the largest volume of all cryptocurrency and also a mobile app. Luno is a safe and secure exchange platform that allows free deposits and low withdrawal fees, the con of Luna is that Bitcoins cannot be stored in Luno’s wallet service.

Elquirex platform is growing steadily with a strong user base. The platform has a road map where referral bonus is given to users. The platform is soon to launch its loan service for a user interested in fiat money and those who wish to hold their e-currency.

Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.


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