London Block Exchange is a United Kingdom-based dealing platform for digital money, which remains not operational. It'll be offering an internet platform and cell phone trading app for Android and IOS devices. The consumers would be capable to deal with digital assets for physical money. for now, the customers would be capable to deal in BTC, ETH, LTC, XRP and many for GBP. More and more are promised to be added on a usual basis.
Benefits of the London Block Exchange
• Major Assets: London Block Exchange is going to offer to trade in a few of the major crypto currencies and plans to be adding more and more.
• Mobile application: In addition to a web-based asset trading platform, London Block Exchange is going to be avail only as a mobile app. Users would be capable to trade in digital assets, have access to actual-time market information, withdraw and deposit funds and run their portfolio and balances in actual-time.
• Services for institutional brokers - traders: London Block Exchange will offer over-the-counter services for institutional brokers and traders. They'd be capable to trade crypto asset under special conditions for lofty volume orders. LBX presently offers trading in BTC, BCH, ETH, LTC, and XRP, paired with €, £ and $. There's a need for a minimum trade size of 25,000 UK Pound per crypto currency.
• Offers educational services: London Block Exchange has a “College of digital asset” - an educational part on the site that provides basic info about the vital aspects of block-chain and crypto assets – what they're, how they work and clarifies the basic terminology of the sector. There's also info about the major crypto currencies, what's an ICO, etc., and regular marketplace reports.
• Fast deposits and withdrawals: London Block Exchange will utilize UK’s FPS (Faster Payment Service) that'll decrease the processing time of physical withdrawals and deposit. Furthermore, Consumers of the FPS will be able to seamlessly exchange crypto assets for fiat and the other method around. though, the service will be avail only for pre-registered and premium users. They'll also advantage from no deposit charges and low withdrawal charges.
Disadvantages of London Block Exchange
• Not so far operational: It looks that London Block Exchange has been postponing the launch numerous times and some potential customers are already losing their patience. According to its own website, London Block Exchange has gone via the private beta testing stage and is getting ready for an open release. Though, at the time of writing of this, there's no set date for this.
• Not many information on trading charges: We'd not find much information about LBX’s trading charges. Perhaps when the LBX launches, the charges will be announced.
• No information on deposit or withdrawal charges: At the time of writing, we'd not find info about the deposit - withdrawal fees, either. We'd not find info about the fiat money deposit techniques and whether or not debit and credit cards will be accepted.
Conclusion - My final words
London Block Exchange has huge plans and will most likely offer a convenient and great service. For now, though, we will have to wait some time and see what'll come out of this. At this phase, we mostly like the educational part and the plans to have a cell phone trading app, even though the Desktop one is still in the works. One more extremely convenient feature would be the choice to seamlessly swap crypto assets for GBP through the FPS payment technique. Either way, we remain can't quite form a definitive view on LBX, until we see it in complete working orders, with entire essential information.
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for more info:
website: https://lbx.com/
twitter: https://twitter.com/LBXSocial
facebook: https://www.facebook.com/LondonBlockExchange
whitepaper: https://hub.lbx.com/hubfs/token-sale/LBX_Whitepaper_v1.0.pdf
my bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1283093;sa=summary
ETH: 0x59472D53a07BB81a57c5cb673F52d831C868a23D