LONDON CRYPTO CURRENCY EXCHANGE
Day Trading, as we know it, has been around for more than a century. Today, we have electronics to help, but the concept of buying and selling securities on an exchange. As with cryptocurrencies, it has also has exchanges.
Cryptocurrency exchanges are businesses that allow customers to trade cryptocurrencies. They can be market makers that typically take the bid/ask as transaction commissions for their services or simply charge fees as a matching platform. Most digital currency exchanges operate outside of Western countries, avoiding regulatory oversight and complicating prosecutions.
They may accept credit card payments, wire transfers, postal money orders, cryptocurrency or other forms of payment in exchange for digital currencies.They can send cryptocurrency to your personal cryptocurrency wallet. Many can convert digital currency balances into anonymous prepaid cards which can be used to withdraw funds from ATMs on some countries globally.
With the mass adoption of cryptocurrency in the last months, exchanges systems even big and small collapsed in that adaption, with the number of new users rose higher than expected.
There are now millions of crypto-traders around the world, buying and selling coins and tokens 24/7. Current exchanges are even halting new registrations for them not to experience that system collapse again. Also, customer support is being ignored because the current exchanges have no knowledge on how to handle the growth of their platforms, and this is causing delays, constant complaints and even loss. But the worst part is that exchanges have being hacked, resulting in losses of over a billion dollars of funds which triggers the government on states to do regulatory measures.
The London Cryptocurrency Exchange (LCCX) a fully regulated and insured against hacks that will be low fees in trading and coin listing. The LCCX sees the issue on the current exchanges which are Trust and Security, Poor Trading experience and Poor Customer Services. These factors are the main cause of the traders to look for other exchanges.
LCCX will have a solution on these problems. They will be transparent on their company details, pro-actively work on regulators globally, keep a percentage of client funds to cold storage for hacking security, filing insurance for their clients against hacks and become the industry’s leading customer’s support.
LCCX will have a multi lingual site which will be easier to understand on all traders globally. They will also do a buyback plan and burn tokens until 50 million will be left on the 100 million. The burning of coins will possibly increase the price of their token which is good for long time holders.
With its’ team of experienced and experts on their fields which led by Robert Benwell, I am sure that LCCX will definitely have what it takes to compete with the giants on cryptocurrency exchanges. I will definitely invest in this project.
Website: https://www.lccx.io/
Whitepaper : https://www.lccx.io/LCCX-WhitePaper.pdf