London Block Exchange (LBX.com) is a system of exchanging fiat and cryptocurrency money in the heart of London. LBX provides easy access to money markets for those who are new and experienced with products and services that focus on the needs of retail and institutional investors. LBX also supports 30+ pairs of fiat and cryptocurrency trading and provides direct payments to UK, onshore, Euro and USD.

London Block Exchange (LBX.com) offers pre-registration and premium users a safe, fast, and smooth way to conduct crypto and GBP transactions via a Crypto LBX Payment Account - which is a special multi-cryptocurrency exchange in the UK - will offer access to member to the Fast Payment Service (FPS | a service that facilitates fast transactions) through an exclusive Crypto Payment Account.

By offering users the ability to transfer GBP to digital currency - and vice versa - this partnership reduces the main difficulty for cryptocurrency fans and newcomers. You can trade with confidence, knowing that you have the level of security and protection associated with British banking.

London Block Exchange is a UK-only, mobile-only cryptocurrency exchange with a listing of nearly a dozen popular coins and tokens. More importantly to its customers, London Block Exchange allows direct transfers of pounds from British banks.

If you’re British and have been waiting for a crypto exchange that deals in pounds, then our London Block Exchange review will give you the information you need.

WHAT IS LONDON BLOCK EXCHANGE?

In a case of bad timing, London Block Exchange (LBX) announced in November 2017 that it was launching a cryptocurrency-backed prepaid card and mobile trading platform. The “Dragoncard” was going to be issued by a company WaveCrest and combined with a mobile app would connect Britons’ crypto accounts to their daily life in the world of fiat.

At the time, Business Insider quoted LBX founder Benjamin Dives’ comments about his company’s objectives: ”We’ll bring [crypto] into the mainstream by removing the barriers to access, and by helping people understand and have confidence in what we believe is the future of money.”

WaveCrest breaks

LBX’s marketing campaign included the publication of a survey of UK cryptocurrency trading that got widespread press coverage in late 2017. Among the findings, nearly a quarter of UK millennials had invested or planned to invest in cryptocurrencies. “Millennials clearly feel left behind by the old system and are looking at cryptocurrencies as a new dawn,” Dives told The Independent.

LBX’s momentum came to a sudden halt in early January. WaveCrest allegedly violated several terms of its agreement with Visa and lost the authority to issue payment cards. Just about every company offering crypto-linked prepaid cards relied on WaveCrest and had to shut their services down. London Block Exchange was no exception.

The company focused instead on its mobile-only crypto trading platform which London Block Exchange unveiled in March. The company’s blog posts promoted LBX as the United Kingdom’s “only dedicated multi-cryptocurrency exchange for iOS (Android soon)”.

Building for the long-term

In July, the decentralized cloud platform DADI announced a deal with LBX to list its DADI token, although the listing hasn’t happened yet. The announcement also outlined how LBX will use DADI’s own distributed apps when the exchange launches its Initial Coin Offering (ICO).

DADI’s CEO Joseph Denne said in the announcement “That DADI technology will be used to power a second ICO after the success of our own is also a pleasure.”

Whether that ICO is happening is unclear, as the LBX ICO link provided in the announcement does not work.

After the 2017 false-start, LBX focused on its technical infrastructure, but now the exchange seems to be revving its marketing engines. The company released the results of another survey that found the number of women interested in crypto investing had doubled over the past year. It also launched a crypto treasure hunt that sent people searching for a Ledger Nano hardware wallet holding £5,000 worth of nano.

PROTECTING CUSTOMERS’ COINS

Legal and regulatory compliance

Even though cryptocurrency exchanges are not formally regulated by the British government, the London Block Exchange is registered with the Financial Conduct Authority (FCA) as an EMD Agent.

The exchange complies with FCA guidelines. Among the requirements LBX meets, all customer funds are kept in segregated bank accounts to keep customers’ money separate from LBX’s operational funds.

An announcement earlier this year revealed that LBX will use TruNarrative’s identity verifcation services. By automating the Know-Your-Customer (KYC) and Anti-Money-Laundering (AML) process, TruNarrative will let LBX confirm the identity of customers in more than 40 countries.

A statement from Dives in the TruNarrative announcement explains LBX’s stance on KYC/AML: “We have a responsibility to ensure our customers are who they say they are – and as the grown-up, mature player in the cryptocurrency arena, we want to adopt the very highest standards.”

Coin listing policies

LBX rapidly expanded its listings over the past several months, going from 3 coins during the early beta to 11 coins now. The exchange does not explain its listing policies or provide a roadmap for future listings. However, in an Alpha Week interview, Dives did provide a high-level explanation for the exchange’s listing decisions:

“… we look at a number of variables, the most important being the technology behind it, the people and communities backing it, the problems it’s solving, and the governance. We also generally try to avoid the likes of anonymous cryptocurrencies….

LBX’S GOALS AND ADVANTAGES

Cryptocurrency changes the way money works. We are experiencing a paradigm shift,where the power held by institutions is now in the hands of ordinary people and at this time, the electronic money industry is still in a period of very potential growth so that more financial platforms exist to overcome the problems of the traditional financial transaction sector, and even overcome the reaction of newly created modern technology.

LBX comes to help build part of a new financial ecosystem, which allows anyone to trade cryptocurrency in an easy to use, safe and protected environment.

Here at LBX, believes that the future is for everyone.

Therefore, we aim to return power to other people – where it is located, in a safe, fast and smooth way to carry out crypto transactions.By leveraging the power of education, technology, and design, we open the door for everyone to take part in a new and developing economy London Block Exchange (LBX.com) has advantages over the existing platforms including :

• Trading execution is more than £ 100,000.
• Trading in Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash & Ethereum Classic and many more.
• Cryptocurrency is paired with GBP and EUR.
• Special account manager.
• High customer service standards.
• Deep market knowledge and recognized daily market updates.
• Buy, sell, and save real cryptocurrency.
• The extensive schedule of new coins and list of tokens.
• Real and personalized customer support.
• Easy and fast access through applications that can be accused in the App Store and Google Play.

TOKEN SALE

• Additional Information ICO (LBXu)
• Token Details
• Total Supply : 250.000.000 LBXu
• Available For Presale : 100.000.000 LBXu
• Presale Hard Cap : 100.000 ETH
• Presale Price : 1 ETH = 1.000 LBXu

THE LBX TOKEN PRESALE IS NOW LIVE !

LBXu Tokens – the gateway to exciting new product and service ecosystems including :

• LBX Pay – the first crypto payment account in the UK.
• Open hidden features in our latest advanced trading platform.
• Increased access to high-speed APIs, LBX Custody, and reduced OTC fees.
• Exchange LBX Market security tokens.

Roadmap

Currency exchanges

The London Block Exchange supports market trades between British pounds and all of the listed cryptocurrencies. LBX restricts crypto-to-crypto to base markets in bitcoin and ethereum. All of the listed cryptocurrencies are available in the bitcoin base market. The ethereum base market, however, only supports trades with basic attention token, bitcoin, golem, omisego, status and 0x.

LBX imposes daily and monthly limits on trading volumes based on a customer’s verification status. For example, trades between cryptocurrencies and British pounds are capped at £20,000 per month for people at Level 1, £300,000 per month for people at Level 2, and £600,000 per month for people at Levels 3 or 4. Similar caps apply to crypto-to-crypto trades as well.

FINAL WORD

The London Block Exchange provides a unique service to British crypto traders. As the first exchange to have a direct relationship with a British bank, LBX lets its customers trade pounds and crypto directly without having to go through the extra steps and costs of converting pounds to dollars.

More information visit link below :

Webite : https://lbx.com/
Twitter : https://twitter.com/LBXSocial
Telegram : https://t.me/lbxcommunity
Linkedin : https://www.linkedin.com/company/londonblockexchange
ANN : https://bitcointalk.org/index.php?topic=5052408.0
Bounty : https://bitcointalk.org/index.php?topic=5057825.msg47293255#msg47293255

Author: Doblenk

Link Profile: https://bitcointalk.org/index.php?action=profile;u=2179512

ETH: 0x1521E5141545090bc80FaFA7c2a5f4b75221c845

#tokensale #lbxrealcrypto #lbxpay #LBXu #LBXPeg #lbx and https://lbx.com/