Most traders experience some excruciating losses while trading on current exchanges, not to talk of the bear market alone some of these problems are Lack of liquidity, volatility, high trading fees, insecurity, poor customer service. However, cryptocurrency trading platforms are decentralized which means they are not own or governed by anyone and are not linked nor connected to any existing banking system. This therefore prevent an inter-exchange of digital currencies and fiat currencies. At this point traders tends to seek a more trustworthy platform to which they can commence in a most convenient way.
LBX sees a wide range of solutions in solving these problem and simultaneously simplify the issuance and accessibility of digital asset.
WHAT IS LBX
The LBX ( London block exchange) is a UK based trading platform which connect both the curious and experienced to cryptocurrency market easily. Their products and services focus on the demanding needs of retail and institutional investors. It's a dedicated cryptocurrency exchange which enables users to trade cryptocurrencies for fiat currencies and also provides a user-friendly interface to users facilitating trading experience by offering educational contents on the basis of its exchange. Further more it already have listed twelve major cryptocurrencies including Ethereum, Ripple’s XRP and Bitcoin all paired with GBP and promised to bring in more cryptocurrencies and trading pairs as its platform develops.
LBX focus more on one objectives, the security aspect. Due to high insured custodial service of the platform, users can confidently leave their cryptocurrency without having the need to worry about it getting stolen or hack unlike digital wallet. Users will be granted full ownership and control over their holdings while their holdings are safely secured on LBX platform. moreover it offers institutional levels of safety and security to safeguard its client funds. LBX also offers some interesting products as well including:
1.LBX App
provides to users, a most simple and easy way to trade on LBX platform. users can download and install the app on their Android phones. Both experienced and non experienced alike can trade and still benefit from the speed and convenience of the ‘Faster Payments’ system.
2.LBX Pay
is a payment account which allows users to store and change over their holdings to either fiat or cryptocurrency with ease, and also enables them to use a prepaid card that instantaneously convert their cryptocurrency holdings to fiat currency whenever they make purchases. Users can Deposit their fiat funds manually or automatically, such as receipt of a monthly salary
By using LBX Pay you are able to make payment to third parties merchant and utility providers.
LBX TOKEN (LBXu)
LBXu is an utility token which operates the LBX ecosystem. You as a buyer would be given discount of LBXu when you spend or stake it on LBX platform, You can therefore make purchase of LBXu tokens using either ETH, GBP AND BTC.
Token Sale
The token sale began 1st September 2018 and will end 30th of November, maximum total supply of LBXu is 250,000,000 tokens.
AIM
LBX aim to create an exchange that can partner with banks to allow access and gateway to fiat currency,