Trading in Southeast Asia can be so frustrating!
If you’re like me and trade cryptocurrency from Southeast Asia, you are fully aware of the limitations.
Let’s touch on a few:
Lack of transparency
Want to find out information about most of these exchanges? Good luck. Very few have an “About us” page that reveals anything of substance. Trading blind on a platform where you store significant assets is never a good idea.
It’s important to know information about the team behind the product, the vision, fund security, and perhaps some accurate information about trading fees would be nice! One exchange imparticular charges extra trading fees which don’t seem to be stated anywhere.
Where’s the customer service?
A common theme in this part of the crypto-world are wait times for issues to be resolved, and for queries to be answered. It is not unusual to wait as long as a week to process refunds and settle disputes.
Traders should only be a message and perhaps a short wait away from settling disputes, and having their questions answered. After all, these platforms are holding your assets.
Lack of trading pairs
Predominently, we see one fiat/BTC trading pair. If Southeast Asian traders want to buy altcoins, in most cases they have to buy BTC, transfer it to an exchange supporting altcoin pairs, and trade from there. And to cash out? The reverse is necessary.
This is 2018! It doesn’t have to be like this! The ease in which we can access information these days is incredible. Why should accessibility to our assets be any different?
Slow…
The time it takes to deposit and withdraw money is excessive, especially for withdrawals. It takes at least 4 hours and sometimes up to a day!
Finance who?
FinanceX exchange is a convenient, reliable and secure platform focusing on providing fiat-to-coin and coin-to-fiat trading pairs saving you time and money. Now Southeast Asian traders have direct access to their preferred cryptocurrency with quick cash-out.
Our vision? To become the largest cryptocurrency exchange in Southeast Asia, and to firmly place themselves in the Top 10 in the Asia-Pacific region inside 3 years.
Advantages
So, why should you trade with FinanceX?
1) We provide customers with fiat-to-coin trading pairs allowing quick and easy cash-out and enabling traders to bypass BTC if they wish. (To discover the benefits fiat options bring to cryptotrading, click here.)
2) Low trading fees. It is not uncommon to see trading fees set at 1–2%, yet we only charge 0.3% and there are no hidden fees.
3) We offer transparency. Just as our fees are transparent, we want our team and our vision to be completely transparent. We plan to do this with our growing social media presence.
4) Real-time automatic trading capable of processing up to 100,000 thousand transactions per second. Most exchanges use the OTC model which is less transparent, more risky and much slower.
5) High liquidity. Once established, our platform will offer high liquidity as we set up an interexchange network between Southeast Asian countries. Our FNX token will aid in high liquidity.
6) Rapid processing times. Bank-to-wallet transfers will take less than 3 minutes and wallet-to-bank less than 1 hour. Much faster than competitors.
FinanceX will release FNX Token, the official trading currency on the FinanceX crypto exchange, following our October ICO. FNX Token is developed on the Ethereum blockchain technology base — ERC 20.
Unlike other startups who pitch their ICO’s on an idea, FinanceX have a functioning and proven product. FinanceX is developed on the trading core at the heart of the second biggest stock exchange in Vietnam, HNX, Hanoi Stock Exchange.
The trading core was developed co-founder, Chien Tran, and his company, Navisoft, back in 2007, taking almost 2 years to create, and having experienced 11 years of successful application.
For further information, please visit:
Author : Jrock232
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