The exponentially growing popularity of cryptocurrencies has led to an unprecedented rise in the number of crypto exchange platforms. Today, there’s no dearth of options when it comes to finding exchanges where users can trade and store popular cryptocurrencies such as Bitcoin (BTC), and Ether (ETH), among others. However, the rapidly congesting crypto exchange space might leave interested users in a state of confusion as to what exchange might best suit their needs.
Elquirex, a trusted multi-functional cryptocurrency platform promises to help users participate easily in the budding cryptocurrency industry by providing a wide array of crypto products, including exchange services, a crypto loan system, investment services, and a secure crypto wallet.
A User-Friendly Crypto Exchange
Elquirex is a 24/7/365 operational legally registered cryptocurrency exchange that offers users unparalleled security and lightning-fast transactions for their digital assets. Elquirex operates its business in compliance with international law and has obtained official permission to conduct financial activities. The exchange has a dedicated internal legal department that supervises each monetary transaction executed on the platform.
Elquirex enables users to trade some of the most prominent cryptocurrencies including Bitcoin, Ether, Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), Monero (XMR), and EOS, with support for several more digital assets slated to be introduced in 2020-2021.
Elquirex gives utmost importance to user privacy which reflects in the fact that users are not required to register with the exchange to transact their digital assets. That’s true. Users are only required to enter the wallet address of the pertinent cryptocurrency to send or receive digital assets, and their email address. The transaction is settled within a few minutes depending on the network bandwidth of the cryptocurrency being transacted.
For this, the exchange charges a nominal 5% fee of the total amount plus network fees. The simplistic approach to crypto trading makes Elquirex the inarguable go-to platform for traders who are relatively new to the notoriously complex cryptocurrency industry.
Offering a Slew of Attractive Products
A mark of a reputable crypto exchange is the breadth of its service catalog. In this regard, Elquirex — just like other major exchanges like Coinbase and Exodus – offers a wide range of peripheral offerings in addition to its crypto exchange services. Below are some of the prominent services being provided Elquirex.
Elquirex Loan System
Elquirex makes the process of obtaining crypto-backed loans a breezy affair. Through the platform, users can secure loans as per their requirements without having to share personal information nor going through preliminary verification of credit history. The process of obtaining loans through Elquirex involves no third-party participation from entities like banks and other financial institutions.
The company provides loans to users based on the current market value of their cryptocurrency savings. The digital assets held by users function as the collateral for the loan disbursed by Elquirex. The loan amount can be returned to the platform at any time convenient to the user, i.e., the firm offers unlimited loan term with minimal interest charges.
Post complete repayment of the loan, the user’s funds will be transferred to them in full. The company offers loans worth 60% of the collateral amount offered by the user. The minimum loan amount that can be availed is $100 in the form of any of the Top-5 cryptocurrencies. Users can rest assured about their collateral while they use their loan amount, as Elquirex keeps all user funds in secure cold storage.
Elquirex Crypto Wallet
Elquirex places the security of its users’ crypto funds high up in its priority list. The exchange provides a multi-currency crypto wallet that not only securely stores users’ digital assets but also generates passive income.
Users can register their personal wallet through a simple registration process that merely takes a few minutes. Once the user email is confirmed, they can start using the robust Elquirex crypto wallet.
By using the Elquirex cryptocurrency wallet, users can easily perform financial transactions with minimal commissions. The wallet provides cutting-edge security for crypto funds and complete anonymity to the users.
What’s more, users can also witness their savings grow just by storing them in the Elquirex wallet. All funds stored in the wallet appreciate by a particular percentage each day. The percentage of earning will vary depending on the volatility of different crypto assets. The wallet currently supports some of the most widely traded cryptocurrencies, including BTC, ETH, LTC, and XRP, with plans to introduce support for other Top-20 cryptocurrencies during 2020-2021.
Elquirex Investment Plan
What’s better than HODLing cryptocurrencies for their tremendous upside potential? Investing them to receive fixed passive income.
Elquirex makes this possible its users by offering them the option to invest their crypto assets to generate healthy passive income. Users can choose to invest in the platform via their Elquirex multicurrency wallet. This way, they can ensure that their capital doesn’t lay idle and grows simultaneously with the Elquirex ecosystem.
Each cryptocurrency on the platform has its own investment plan. The team at Elquirex invests a significant part of the profit it earns from currency exchange and lending services for the development and promotion of the company.
The Road Ahead
Elquirex has cemented itself as a reputable and trustful cryptocurrency exchange within a short period of time.
Crypto exchanges like Elquirex, Coinbase, Luno, Changelly, Binance, and Bitfinex, are all competing fiercely to gain the trust of the users. Elquirex trumps its competition in terms of the sheer breadth of the services it offers to its users, ranging from functioning as an exchange, providing investment plans, a safe cryptocurrency wallet, and an innovative loan system.
The Elquirex ecosystem continues to grow at a rapid pace, in line with its elaborate roadmap, that, in the near-term, plans to introduce a loyalty program for the platform’s users. The firm’s long-term road-map includes smart contracts development, tokenization of the platform, and launching a decentralized exchange (DEX) to support the ethos of blockchain technology, among other major developments.
Similar to Coinbase and Waves wallet, Elquirex will offer its users an additional bonus for bringing new users to its ecosystem, and consequently, aiding in its growth. The platform’s innovative approach to cryptocurrency wallet which offers a growing balance to its users is a testimony to the team’s out-of-the-box approach to helping its community expand along with it.
Become a part of the Elquirex community today to enjoy the benefits of a plethora of products and services the platform has in store for you.