Top 5 Licensed and Secure Cryptocurrency Exchange Platforms
Investing in cryptocurrencies like Bitcoin is risky, and it’s even more riskier when it’s traded on crypto exchange sites. Trading cryptocurrencies is exciting, however, traders may want to consider trading on licensed exchange sites to eliminate the risk of getting scammed.
Licensed cryptocurrency exchange platforms
The cryptocurrency trade has proved lucrative to a lot of people – it has allowed easy money transfer and remittance worldwide. It has even become an affordable alternative for individuals who send money internationally. Since then, the use of cryptocurrencies has become widespread. To date, there are more than 1000 cryptocurrencies available and the list is constantly growing, adapting to technological advancements and user needs.
You have come to the right place if you are one of those interested in cryptocurrency exchanges. If you're looking for some cryptocurrency exchange platforms, make sure they are licensed and secure.
Here are some of these exchange platforms:
BloomSolutions received its license from the Bangko Sentral ng Pilipinas in May 2018.
Its primary business involves blockchain and cryptocurrency services and it is designed to make remittances cheaper and faster for users.
ETranss received its license in July 2018. Targeting overseas Filipino workers (OFWs), ETranss aims to make sending and receiving money cheaper.
In the pipeline is ETranss Distributed Exchange which plans to allow fiat to crypto exchanges.
PDAX received its BSP license in September 2018. It is a pure cryptocurrency platform whose goal is to cut costs per transaction. It currently supports a variety of cryptocurrencies such as Bitcoin, Litecoin, and Ethereum.
4. Virtual Currency Philippines, Inc.
Launched last February, Virtual Currency Philippines currently supports exchanges between Bitcoin and Ethereum. It plans to support other types of cryptocurrencies soon.
iLexExchange is one of the newest and most innovative cryptocurrency exchange platforms available. It allows the use of the US dollar, European euro, Japanese yen, and Philippine peso. The platform also supports 6 cryptocurrencies: Bitcoin, Litecoin, Bitcoin Cash, Ethereum, DASH, and Ripple.
Given a CCSS (CryptoCurrency Security Standard) certification, it is one of the highest and most secure cryptocurrency exchange platforms available.
These cryptocurrency exchange platforms have been certified secure by multiple accrediting bodies. If you intend to start trading cryptocurrency soon, choose any of these top 5 platforms so you can enjoy the benefits of cryptocurrency trading – safely.