Read some more information about how we operate
CryptoXchange is an online cryptocurrency exchanger. It is a safe and fast way to get any currency you desire at the best price, without the need to register to several crypto exchanges - we have done it for you. Once you place an order, our custom designed algorithm checks the best available price on the market and displays it for you. When you agree to the deal - quickly send your money to indicated address. Mind that rate may change as we only guarantee price displayed at the time of the quote. Every cryptocurrency transaction requires network confirmations before the funds are added to sender's account. While waiting for the confirmations, the price might change as a cryptocurrency market is volatile; therefore, we advise to apply sufficient fees for the miners.
How do we work now:
In the above scenario, CryptoXchanger relies on the 3rd party exchanges. We would like to change that, and that is why we’ve decided to create our own blockchain-based exchange. The first step to realizing our dreams have already begun - we have just announced the Initial Coin Offering for our coin: ExchangeCoin (EXCC). You can find more information about EXCC by clicking the ICO button at the top of the page. Once CryptoXchanger blockchain exchange is open, we will work differently:
- Customer chooses desired currency, as well as how he would like to pay for it. E.g., a customer wants to buy some ZEC for the amount of 1 BTC.
- The actual rate is displayed to the customer. E.g. 1 BTC = 24 ZEC.
- Customer accepts the deal and sends BTC to the indicated address.
- The customer receives 23.88 ZEC (that is 24 ZEC - 0.5% fee) to his wallet address.
As you can see, we will not only eliminate 3rd party exchanges from the deal, but also the price displayed will be guaranteed one. There will be no need to wait for blockchain confirmations, as we will know the transaction ID and transactions in a blockchain are irreversible.