BTCXchange

BTCXchange

BTCXchange
In Social Media:
Intuitive Ease of use,  Enough secure,  Anonymously trading

BTCXchange is a small Romanian-based peer-to-peer cryptocurrency trading platform available in the EU and other countries. They offer users support for buying and selling Bitcoin from other users registered with the service. The platform also provides a wallet for its users from which clients can send Bitcoins to external wallets.

The BTCxChange trading platform is suitable even for novice users since the registration process is simple and intuitive. Placing an order is easy and they offer good support through their FAQ section. The interface design is modern and minimal, thus making the navigation process on the platform very effortless. Users need to be verified in order to withdraw funds.

Crypto Currencies Support

Traditional Currency Support

  • Euros (EUR)
  • US Dollar (USD)

Language Support

  • English
  • Romanian

Country Support

  • European Union
  • Most Africa
  • Most of Asia
  • Most of Eastern European Union
  • Most of Latin America
  • Most of the Middle East
  • United States of America

Platforms Systems

  • Web Interface

BTCXchange security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.

Summary:

2 Factor Authentication
Yes
Funds Insured
Funds are not insured
Private Keys Stored On
Both
Storage Type
User is responsible for key storage

Advanced Security Features:

  • Ability to limit access to account based on IP address

Security Features:

  • SSL
  • Protection from DDoS attackes

The company behind this is exchange is BTC X CHANGE TRADING SRL, a small company registered in Lasi, Romania that is run by CEO, Max Nicula, whose whereabouts are unknown. Recently, users on Bitcointalk have discussed possible fraud allegations with this platform. On January 26th, 2018, BTCxChange announced they would close all fiat accounts and would only support BTC operations.

Summary:

BTCxChange is a p2p exchange from Romania that operates mostly in the EU. The platform is small and hasn't been able to gain users' full trust due to fraud allegations and complaints regarding the lack of customer support. In late January 2018, they abandoned fiat services because of the closure of their bank accounts by several banks. Users should proceed with caution before using this exchange.

Ease of use
Intuitive
Transaction Fees
It's free (fees may be hidden)
Deposit/Withdrawal Fee
Free Deposits, 0.001BTC/Withdrawal
Deposit/Withdrawal Fee c For Bank Transfer
N/A
Deposit/Withdrawal Fee For Credit Card
N/A
Deposit/Withdrawal Fee Charged For 3rd party Payments
N/A
Anonymous Trading
Yes

Deposit/Withdrawal Options:

Send/Receive Crypto

Functionality:

BTCxChange works as a traditional exchange where they match buyers with sellers. The platform allows users the possibility of creating limit, market, and stop orders. Until recently, users had the opportunity to make exchanges of fiat to Bitcoin and vice versa. Starting on February 1st, 2018, only Bitcoin withdrawals are possible and any remaining fiat deposits were converted to BTC.

Most common
customer complaint:

No more fiat accounts, poor customer support, slow transactions