A platform providing Digital Banking and Wallet services
A crypto wallet is an application to store and retrieve digital assets or cryptocurrencies. It just like the normal app, installed on your computer or smartphone; but a digital wallet, e-wallet, or crypto wallet is a software system that saves payment information, stores digital money (cryptocurrency), and also stores passwords for payment methods and websites. Digital payment gateways are considered one of the most important and blessing technologies ever created. In past, under traditional banking services; transfer money or make shopping online wasn't considered so effective due to having so much hassle but modern digital payment gateways are playing a dreamy job by offering better and faster, reliable, secure, transparent, and efficient global financial transactions services.
Now-a-days; there are a variety of popular, powerful, secure, and reliable digital wallets for online payment in the market but it's quite hard and tough to choose the right one. Here we are presenting you some key information about one of the most unique digital crypto wallets; Exocrow. It is a cryptocurrency wallet and supporting thousands of people across the world by offering safe and easy access to digital currencies.
Exocrow is an emerging and fast-growing crypto exchange located in the United Kingdom almost 6 years ago but it started to operate properly in 2020. Exocrow was developed by Karl Bentsen who has been engaged with banking companies and forex and having very deep knowledge and experience of business processes, crypto trading, and cryptocurrency markets. The company is offering its services to almost 135 countries worldwide. As of now, the company is facilitating 62314 registered users with its services including online wallet, payment gateway, peer-to-peer (P2P) transactions, merchant solutions, escrow invoices, P2P bitcoin trading, and also with saving accounts.
Core Features of Exocrow:
Here are some key features of Exocorw, users must view them before moving forward:
- Secure wallet services and fast exchange:
The platform provides strong security to digital assets as; cryptocurrencies are sent in safe and secured deposit boxes and vaults all over the world. Now users can buy and sell cryptocurrencies within minutes just by clicking on your phone, a P2P network-based exchange providing appealing trading services.
- Instant payments for merchants:
Users can not only buy/sell cryptocurrencies but also accept payments so quickly for your online business.
- Escrow Invoices:
To make the ecosystem more reliable and secure; your financial transactions will be locked until you receive your services or goods.
- Advanced integrated dashboard:
Exocrow is providing advanced integrated dashboards providing solutions like escrow, manage payment, manage digital assets and broker and merchant solutions, etc.
Alex's provided graph, showing how Exocrow is growing:!
Trading fees on Exocrow Platform 💰 :
Opening an account on Exocrow is free. No fees will be charged on depositing funds. 0.01% fee will be charged on withdrawal. To use Exocrow exchange, a 0.5% trading fee will be charged on the total Bitcoin trade amount. It means, on buying and then immediately selling a Bitcoin, a 1% fee will be charged.
Supported Cryptocurrencies and Fiat Currencies 💱 :
Exocrow is supporting major cryptocurrencies including Bitcoin (BTC) Ripple (XRP), Ethereum (ETH), Zcash (ZEC), and Litecoin (LTC). Every cryptocurrency will be operated by its wallet to send and receive the funds. The P2P exchange is supporting 13 fiat currencies including USD, SGD, EUR, AUD, RUB, and others.
Is Exocrow a legit and safe platform? 🔒
As of now, no information has been provided regarding the platform, its support team, and countries or states which are marking it as a legal product. No financial regulations, regulatory bodies, and legal compliance have been shared so far. But Exocrow is providing 2-factor authentication (2FA) for its users and your asset is protected from unauthorized and illegal access. As of now, no such security incident, system compromises, or hack have happened on the Exocrow platform.
PROS and CONS:
- Easy to use and so efficient platform
- No KYC required
- Quite easy and simple P2P interface
- Fixed interest rate, no problem with market fluctuation
- Offering highest interest rate in the whole industry, 3.2% monthly
- No liquidation of funds
- Lack of information regarding licenses, team, terms & regulations
- Limited customer support with low guides
- Not have a huge social media public support
- Available in limited countries
Frequently Asked Questions:
- What is the Exocrow merchant fee?
Ans. For mass transactions, Exocrow charges a 1% outgoing fee, but an additional 1% fee will be charged on money transactions.
- Which countries are supported on the Exocrow platform?
Ans. The UK, several European countries, and Thailand are supported by Exocrow but New Zealand, Australia, United States, and Canada are prohibited to use the platform