Coindirect is offering a secure peer-to-peer trading platform for 34 of the leading cryptocurrencies. The company has been online since October 2017 and has been steadily building their international presence into English speaking countries. The all-in-one platform lets users not only purchase altcoins in their local currency but allows for real-time transfers between their Bitcoin wallet balance and any of the altcoins on offer.
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With interest in cryptocurrencies reaching far beyond the established coins such as Bitcoin (BTC) and Ethereum (ETH), Coindirect looks to offer an ever-expanding range of popular altcoins. This eliminates the issue of having to create multiple accounts every time you want to buy a new coin offering. You’ll find altcoins like Monero (XMR), Litecoin (LTC), Neo and Dash amongst many others that are ready to trade on the Coindirect homepage. If you’ve heard of it, there’s a good chance you’ll find it on Coindirect. If not, it’s most likely on its way.
The UK launch of Coindirect opens up a coin purchasing method that’s convenient, secure and in British Pounds. Other countries that Coindirect is currently active in include South Africa, Nigeria, Kenya and Australia with more coming in the near future. The platform has partnered with local financial institutions letting users pay the way they want to by using local banking systems or their Paypal accounts.
Coindirect is registered with the Isle of Man FSA and each transaction is escrow protected in order to secure a risk-free trade for buyers and sellers alike. The local peer-to-peer system matches verified buyers and sellers so users will only ever need one portal to facilitate every purchase, sale and trade they make going forward.
Once an account is created, each user is able to create free wallets for any altcoin they’re interested in trading with. These wallets act as digital banks within Coindirect and allow users to easily send and receive currency in and out of their various wallets with ease. It’s also a quick process to convert altcoins into Bitcoin, or Bitcoin to the desired altcoin, with no approvals, hidden costs or minimum waiting periods required. All this without leaving the site.
With bank-grade security and peer-to-peer transactions that are escrow protected, Coindirect makes every effort to keep their user wallets, and personal information secure. The platform also has the option for users to opt into Two-Factor Verification which adds an extra level of security when logging into their accounts.