Online trader Coindirect.com has announced the initial launch of its ground-breaking platform for local currency trading.
The Coindirect.com cryptocurrency marketplace is designed to make trading in digital currencies simple, and is now live in the UK, South Africa, Nigeria and Kenya, ahead of a global rollout in early 2018.
Coindirect.com supports one of the widest ranges of local-to-cryptocurrency transactions available, with 25 different digital coins currently in its marketplace. Now in its initial launch phase, Coindirect.com supports local currency purchases in the UK, South Africa, Nigeria and Kenya, with more countries to follow early in 2018.
“We’re extremely excited to be offering our customers across the globe the ability to buy popular cryptocurrencies such as Bitcoin and Ethereum in their local currencies,” says Coindirect.com director, Basil Bielich. “By simplifying and demystifying the process of purchasing cryptocurrencies, we hope to accelerate their adoption across the globe.”
Coindirect.com offers traders a secure environment with instant transfers and wallet support, allowing users to buy and sell multiple currencies using a single account. Customers buy altcoins with their local currency, and are also able to exchange between currencies. As such, the company is seeing a high daily trading volume through users converting between bitcoin and altcoins. Transactions are instant, with no waiting for approvals, and prices are locked at the point of sale.
Coindirect.com’s escrow system takes the complexity out of buying cryptocurrencies such as bitcoin. Plus, all trading fees are built into the market price: that means for traders, what you see is what you pay.
Coindirect.com has offices in London and the Isle of Man, and is registered with the Isle of Man Financial Services Authority.
Brian Donegan, head of operations: e-business innovation at Isle of Man government, comments: “The arrival of Coindirect.com on the Island is a further example of how our digital economy value proposition and quality regulatory framework continues to attract digital currency exchange companies of the highest calibre.”
Occasional trades up to R15 000.00 can also be carried out without personal identity verification.
