Ecxx Cryptocurrency Exchange Review : Pros & Cons

About Ecxx

Ecxx is a centralized exchange based in Singapore which started in March 2019. ECXX is reportedly the only exchange in Singapore that has been granted access to the national identity database called MyInfo. ECXX’s goal is to be a fully regulated licensed exchange in Singapore. ecxx.com is a digital asset exchange platform designed for both professional traders and retail investors. The platform allows users to buy, sell, and store digital assets.

Ecxx Cryptocurrency running on its own in-house proprietary system, ecxx.com is able to run a perfect ecosystem with high-liquidity. With its vision to be the World”s Leading Digital Asset Exchange, the group aims to deliver trustable and secured digital asset trading services. ecxx.com ensures discretion by protecting client assets with a world-class multi-layer security system.

Information Table

How To Register At Ecxx Exchange?

To register on Ecxx, click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

How To Verify Your Ecxx Cryptocurrency Account ?

There is no mandatory verification at Ecxx, but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of Free. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the Ecxx, Revolut platforms.

How To Buy Crypto Or Deposit Crypto At Ecxx Crypto Exchange?

There are two main options for topping up your balance on Kraken. Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From Ecxx Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your Ecxx Account ?

Also remember to go to the Security tab and activate two-factor authentication using the Google Authenticator app – this is the most reliable way to prevent unauthorized access to your account.

Features Of Ecxx Crypto Exchange

Available At Android & IOS Store

Ecxx Cryptocurrency Exchange exchange application available on both world famous mobile store google play store and iOS store . You Can download App and start trading.

Traditional Databases

Blockchain is not simply the technology behind Bitcoin. It is a decentralised, distributed ledger of transactions which are stored permanently and cannot be altered by using cryptographic techniques. Contrary to traditional databases, administered by a central entity, blockchain relies on a peer-to-peer network. The big difference is that no one party can control the authentication of transactions, making it virtually impossible to manipulate. Hence why the system is so safe. The Economist calls it a “trust machine.

Financial Institutions

Ledger Vault is a multi-authorisation cryptocurrency management solution for financial institutions. ecxx is the first digital platform in Asia to use Ledger Vault technology. The company’s partnership with Ledger Vault enables financial institutions to build digital operations at speed and scale. 

Demetrios Skalkotos, Global Head of Ledger Vault, said, Secure storage of large digital funds is complex, and institutions are looking for safe, comprehensive and integrated storage solutions. This integration ensures that customers have total control and peace of mind that their possessions are secure, without sacrificing convenience.

Digital Asset Security

In recent years digital hackers have stolen millions of dollars’ worth of cryptocurrency. ecxx, who recently partnered with Ledger Vault, recognised the importance to provide a much higher level of security for crypto holdings. They introduced a 3-steps withdraw procedure to avoid hacks and theft. This procedure involves multi-authorisation levels prior to enabling a transaction to complete. A giant leap in terms of digital asset security, placing ecxx one step ahead of the competition.

Traditional Databases

Blockchain is not simply the technology behind Bitcoin. It is a decentralized, distributed ledger of transactions which are stored permanently and cannot be altered by using cryptographic techniques. Contrary to traditional databases, administered by a central entity, blockchain relies on a peer-to-peer network. The big difference is that no one party can control the authentication of transactions, making it virtually impossible to manipulate. Hence why the system is so safe. The Economist calls it a “trust machine.

24/7 Live Chat

If you’re awake, they are too. When you need help, your team of experts will work with you via 24/7 live chat to reach a quick and efficient resolution.

Ecxx Conclusion

Ecxx is a decentralized exchange (DEX) that offers a user-friendly platform for trading cryptocurrencies and digital assets. It operates on a decentralized platform, which eliminates the need for intermediaries and reduces the risk of fraud or hacking. Additionally, Ecxx provides fast and efficient trading, with low latency and high-throughput processing.

However, like any platform, Ecxx also has its limitations. For example, it currently supports a limited number of assets, which may not be suitable for all traders. Additionally, using Ecxx requires a certain level of technical knowledge, as users need to manage their own wallets and private keys.