BitNicX to launch P2P crypto exchange by March 2019

Tuesday 8 January 2019 11:10 CET | News

Malaysia-based crypto exchange BitNicX Exchange has announced its plan to integrate a peer-to-peer technology into their platform by 1 March 2019.

Through this solution, users can transact cryptocurrencies without any capital deposit. As such, to facilitate the customer’s transaction at the decentralised P2P marketplace, the platform integrates 24/7 local customer support navigating the platform, or solving any disputes through instant live chat. In regards to safety, the exchange is encrypted with military-grade security, which includes two-factor authentication, multi-signature, and encryption so that users can transact with confidence.

BitNicX has regulatory compliance with Bank Negara of Malaysia (BNM), becoming a reporting institution to BNM. Moreover, every user will need to authenticate their IDs and accounts through personal identification details or documents as a Know Your Customer (KYC) requirement before being allowed to do any transactions.

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Keywords: Malaysia, BitNicX, P2P, cryptocurrency, exchange, transactions , regulations, KYC, security, authentication, IDs
Countries: World