Elquirex brings forward an around the clock cryptocurrency exchange service. The platform is user-centric and simple to use. It doesn’t require any registrations or personal information as the process is supposedly free of all this hassle.
Elquirex allows users to quickly switch up between different cryptocurrencies. There are several cryptocurrencies that users can opt to exchange, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), and Monero (XMR). However, the team is working constantly on expanding its range of cryptocurrencies so more of these should come soon.
Another interesting feature is that users are able to amplify their profits by referring new users to take advantage of the services (as referrals). Furthermore, the team will soon add an innovative cryptocurrency wallet with a growing balance, in order to popularize its new product.
Additionally, Elquirex takes money from loans and from exchanges while sharing its profits with more confident clients.
In terms of commissions, the service charges 5% plus whatever the network fee of the transaction is. According to their website, the operations are performed manually and it takes anywhere between 30 minutes to 12 hours to get it completed.
Per the announced roadmap on the official website, in the first quarter of 2020, the team will be working on expanding the functionality, adding multilingual support, as well as adding more ways to receive funds. In addition, they will also be launching the loyalty program.
Another development that’s coming to the platform is the switch to the blockchain, hence the transition from centralized management to a personalized distributed ledger. This should substantially increase the transparency, as well as the security of the service provided. Additionally, the team will be implementing smart contracts towards the third quarter of the following year.
Among some of the reported benefits of using the platform include convenience, lack of lengthy registration process, regulatory compliance, and others of the kind. The exchange also supports some of the most popular cryptocurrencies that people tend to use.
Elquirex is a company which is registered in London and has received official permission to conduct financial activities that are in compliance with international law, according to the website.