My name is John and I’m fascinated by bitcoin. I’ve been following bitcoin for more than 2 years now and even though I dont post on this forum I regularly read threads and follow bitcoin news.
I’ve always wanted to exchange bitcoins but I’ve not found a very simple solution, and by simple I mean as simple as buying and selling bitcoins offline but without the risks and inconveniences involved.
Idea: A simple web and mobile application that allows users to exchange bitcoins with their local currency, as simple as buying (either bitcoin and/or a local currency)
Security: SSL encryption, super secure PCI compliant hosting with regular Vulnerability Scans and audits. We protect your privacy with military grade encryption and we store 100% of your bitcoins offline in safes and bank vaults so there is nothing to steal even if we get hacked! Not to mention Two-Factor Authentication, SMS verification and hourly backups.
Most bitcoin exchanges take as high as 0.5% fees on every trade, even if the trade is not profitable, not to mention deposit and withdraw fees. We simply take a small fee from the profit made (not the whole trade) and we won't take any fees if you don't make a profit. Deposits and withdrawals are always free!
We have based CoinX on automatic trading with trade protection meaning that our system makes sure you make a profit on trades executed, but we also have the option to open trades manually so we have the best of both worlds. Automatic trades are executed using our trading algorithm without any extra steps and software on your side.
Risk management: You can set a % of total bitcoin/other currency balance for each trade, with a max number of trades.
Deposits: Deposits can be made only by bitcoin or prepaid cash codes. Anyone can issue cash codes (from main ballance) in many currencies and give them to family, friends and even sell them. Any person that refers a new user earns a percentage of the fees for that person!
Withdraws will be made weekly, and only the total withdraw will be sent from the main offline wallets to the withdraw wallet then automatically sent. This way even if we get hacked there are no bitcoins to steal.
We are
giving away one bitcoin to 100 beta testers in bitcoin, and
another one to 100 beta testers as USD, THB, GBP, EUR or any other currency to exchange in the exchange.
Best regards,
John (MMD)