Digital currencies are bound to revolutionize the financial market, yet at this time, exchanging coins for fiat and vice-versa isn’t straight-forward, and often requires users to share personal information as per know-your-customer (KYC) policies, respect deposit and withdrawal limits, use specific payment options, but also deal with lack of security, slow customer support and no transparency.
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This slows down the digital currency ecosystem and is a barrier to the free-trade principles that the market strives for. Cointal represents the first multi-cryptocurrency peer-to-peer (P2P) marketplace where users can buy or sell Bitcoin, Ethereum, Ripple, and Litecoin, without needing to face the issues addressed above.
Cointal will help revolutionize the market, as it gives users the possibility to easily exchange their coins by bypassing traditional exchange rules. As it is a marketplace rather than an exchange, Cointal doesn’t have to abide by the same regulatory issues that exchanges often face, thus giving users access to a quicker, more privacy-oriented and safer way to purchase and sell cryptocurrencies.
With this in mind, some of the best features associated with Cointal include, but are not limited to:
- Escrow and feedback system
- The fastest transactions thanks to their BitGo wallet
- Absolutely no deposit or withdrawal limits applicable for any currency
- Live chat, phone and ticket-based customer support team
- Great security practices and an anti-hacking platform to keep your coins safe
- Worldwide, transparent service
- Lucrative affiliate program
Cointal’s services are straight-forward. When buying a digital currency, users will have to search for a seller that meets their requirements, post a purchase offer, make the payment through the multi-signature escrow system, and then get access to their newly-purchased coins.
The process is similar for sellers as well. Simply post an offer and wait for a buyer to purchase your coins. Safety is the number one priority of the service, therefore scamming attempts aren’t possible here, thanks to the escrow service provided. Free insurance is also provided for hacking and phishing attempts.
As part of their continuous development, Cointal has recently announced that they’ve scheduled the launch for 11 additional digital currencies including IOTA, NEM, Bitcoin Cash, Dash, Ethereum Classic, SiaCoin, Bitcoin Gold, and Monero, a ‘Pay with Cointal’ button and marketplace similar to that of Amazon. Soon enough, the website will get a big redesign and even more services will be offered.
Cointal was entirely funded from the pockets of its creators, with no ICO, or investment round being held so far. Those who wish to learn more about Cointal and its services can check out the website, alongside the explanatory video, and start selling/buying digital currencies.