Approximately there are cryptocurrency exchanges available worldwide to buy/sell/trade bitcoins and other cryptocurrencies. Except for the LocalBitcoin exchange, all the other exchanges are centralized in nature. Only LocalBitcoin is a P2P global exchange, but it can be used to exchange only bitcoins and not other cryptocurrencies. The main drawbacks of these traditional exchanges are given below:
- High fees for deposit/withdrawal of cryptos
- Not possible to convert coins to cash instantly
- Most of the exchanges don’t support more than 50+ altcoins
- Restriction of access based on your location
- Buying/selling limits
Let’s imagine that you want to exchange 10 different altcoins for cash. Definitely, you cannot do that using one single exchange. Because the list of cryptocurrencies supported by one exchange varies with another. And, you need to try at least 3 or 4 exchanges for converting your cryptos to cash. Also, the payment method supported by the exchanges differs from each other. For instance, if one exchange allows you to withdraw money by PayPal, another exchange may accept only Skrill which makes the conversion of cryptos to cash lengthy and time-consuming.
However, a decentralized / P2P exchange will be ideal for exchanging your cryptocurrencies because it offers a lot of flexibility when compared with the traditional exchanges. Cryptoriya is one such P2P and P2E global exchange which allows the users to convert any cryptocurrency to cash instantly. Initially, the exchange will support 600+ cryptocurrencies on its platform. However, in the long run, Cryptoriya will support the conversion of all the 1500+ cryptocurrencies which are launched to date. Not only you have the option to convert your bitcoins/altcoins/tokens to cash, but also you can transfer them to your bank account, debit card, wallets and more. Sounds interesting? Read more at https://www.cryptoriya.io/whitepaper.pdf
Cryptoriya is unique and differs from the rest of the cryptocurrency exchanges because of the following features:
- No KYC is needed to convert the cryptos to cash
- Anyone located anywhere in the world can make use of this service
- Offers Cryptoriya wallet to store any number of cryptocurrencies/token
- Issues Cryptoriya debit card to its members which can be used to withdraw cash on any VISA compatible ATM
- No trading fees for deposit/withdrawal
- Cold storage wallet
Cryptoriya debit card can be funded with any type of cryptocurrency instantly with zero fees. This card can be used for shopping in any country across the globe. Unlike the traditional exchanges which store the user’s funds on their web wallets, Cryptoriya utilizes only cold storage wallets for securing the bitcoins and other cryptocurrencies to eliminate the risk of hacking and other fraudulent activities. Plus, Cryptoriya supports 2FA (Two-factor authentication) for the transactions on the blockchain. If you enable 2FA, your transaction will be authenticated only after you enter the security code received on your mobile as SMS, email, voice call, Google Authenticator and more. In this way, you can be sure that the transactions are 100% secure and even if your username & password are compromised, your coins will remain safe. To learn more information about the Cryptoriya platform, kindly visit https://www.cryptoriya.io/.
Bitcoin Talk Profile: https://bitcointalk.org/index.php?action=profile;u=1814541;sa=summary
Wallet: 0xA91E2C8D87479dA147517e31fBf83f1d41aACd6a
thanks for update....single wallet for all cryptos ..!!sound interesting...if everything goes well this project may help to enhance adoption of cryptocurrency...can't wait to see
Yes, you are right. Thank you for reading.
This will be very useful
Indeed!
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