The LCCX exchange was launched on November 9, 2018 and it is positioning itself to grow in popularity.
With LCCX’s trade offerings that include 20 cryptocurrencies and 3 fiat currencies, it certainly has its bases covered on the portfolio front especially for an exchange that has not even completed a fortnight of live operations.
Yet people want to know if the 20 cryptocurrencies and 3 fiat currency pairings are part of a wider array of top-notch services, or if it is just the portfolio of LCCX that stands out while the rest of its services show another story?
Here’s a quick breakdown of LCCX and what it has to offer.
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What Does LCCX Exchange Offer to Its Users?
LCCX offers 20 cryptocurrencies, including Bitcoin and Ethereum, against the popular trading pairs of these two digital assets. With it, it also accepts fiat currencies namely USD, GPB and EUR.
This means that the following cryptocurrencies can be traded against BTC, ETH, USD, GBP, and EUR.
Even though the exchange was launched just a weeks ago, it is already leaps ahead from some of its oldest competitors. LCCX offers cryptocurrency pairings that promise to make the trading process easier for professional and casual traders alike.
But fortunately for those who expect more out of LCCX, offering an array of cryptocurrency choices is not the only positive aspect that the digital asset exchange brings to the table. It allows its users to leverage safety features such as cold storage; financial security services such as insured segregated accounts; and identity verification benefits such as easy to implement AML and KYC procedures.
These are some of the positive aspects that make LCCX stand apart from the crowd of cryptocurrency exchanges.
Deposit and Trade in Fiat and Digital Assets
Since the LCCX exchange allows direct deposits and trading across the vast choices of cryptocurrencies and fiat assets, it makes trading an easy to execute process for even the most novice members of the cryptocurrency community.
Easy to Go Through AML and KYC Procedures
To ensure safety of its users and its own brand, LCCX does not allow any shady entities to trade through its platform.
The cryptocurrency exchange implements thorough yet easy to complete anti-money laundering (AML) and know your customer (KYC) processes. When signing up with LCCX, individuals can go through these easy steps to confirm their identity, ensuring that they are complying with the law and exchanging in a more regulated manner.
The LCCX exchange complies with regulatory requirements that is set by organizations such as the Financial Conduct Authority (FCA), the central financial body in the U.K.
Use of Native London Exchange Token (LXT)
LCCX also ensures that it has competitive service fees for its customers, especially with the use of its London Exchange Token (LXT).
LXT was first offered to those investors who participated in its initial coin offering (ICO), and contributes to the LCCX ecosystem by bringing great benefits to the table. The exchange plans to take further steps to increase the demand for LXT in the future, which promises even more use cases for the token.
LCCX promises its users that 90% of all of its customer assets are saved in cold storage. This means that they are saved in cryptocurrency storage mechanisms that are disconnected from the internet and thus remain out of reach of hackers.
Insured Segregated Accounts
Going beyond the features of cold storage, LCCX offers its customers with the assurance of having all of their funds available in each of their segregated to ensure financial security in the face of adverse events.
The exchange doesn’t stop there, but it also insures those accounts, so that customers stay safe from losing their life savings in the case of an unforeseen situation.
Easy to Use Interface
Apart from the aforementioned features and benefits that work behind the scenes to make LCCX a great service for its users, the exchange also delivers in terms of front end services. Its user interface is intuitive, aesthetically-pleasing, and easy to navigate to the point where trading cryptocurrencies is not a hassle at all.
The exchange is currently also developing its mobile apps for iOS and Android, which promises the same user interface emulated in a mobile friendly system.
LCCX Deserves At Least Once Chance to Prove Its Prowess
With all these features and a great support system at its backend, LCCX is an exchange that you should try at least once. Who knows, with the kind of services that LCCX provides, it might just become your primary exchange.
To begin trading with LCCX, start by creating an account with the exchange. Let’s talk about that process in Part 3 of the guide to LCCX.
LCCX official site www.lccx.io
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