Why The Dacxi Exchange features help pioneer global crypto adoption

The features every crypto exchange should have. Spoiler, Dacxi has them all.

If crypto is going to be the revolutionary financial shift and global force that many evangelists believe, the industry as a whole must make it easier to understand, friendlier to navigate and faster for new investors to buy.

Exchanges carry the weight of this obligation. As the entry point for most new investors, exchanges must do more for retail investors by prioritising simplicity, security and support over trading volumes and profits. We believe this is achieved by developing a strong customer-centric mentality and a willingness to build the features that new investors demand — mimicking the collaboration and transparency that exists at the core of the blockchain and crypto industry.

At Dacxi, we believe we’ve struck the right balance of features by designing for retail investors at every step of the way and soliciting feedback after each iteration. The following is a list of the features we’re most proud of and the features that we think every exchange should have to help new crypto investors.

You asked for them. The mainstream market is crying out for them. And we have them.

1. Fiat and credit card deposits

Getting your money onto an exchange is now easier than ever. Every local currency can be easily converted to Euro or USD (the currencies we support) using payment gateways or virtual banks and sent to your Dacxi Exchange account. Fees are low, and deposits usually only take about 5 working days to appear in your account.

Why it’s good?

The obvious benefit is being able to exchange your local currency into crypto easily. (The Dacxi Exchange even lets you use Mastercard or Visa.) Only 20% of crypto exchanges offer fiat-to-crypto, the rest only offer crypto-to-crypto. Pretty hopeless if you’re looking to make your first investment into crypto and don’t own any crypto.

2. Immediate verification

In the category of ‘totally necessary, but a little annoying’ is the identification process which every financial company has to go through called Know Your Customer (or KYC). It involves verifying your identity before you start investing.

Our version is the easiest we’ve seen, if we do say so ourselves.

Why it’s good?

Rather than waiting days for an exchange to approve your verification, ours is immediate in most cases. (Sometimes its slower if you share a name with a celebrity or a criminal. But we can usually rectify that pretty quickly, unless you’re the criminal. If you really are Bill Murray, you’re fine). All we need is your full name and your mobile number, and you’re good to go.

KYC helps secure your account and access higher limit trading if you verify your account even further by providing ID and proof of your address. It’s perfect if you think you’ll go all wolf of wall street on this crypto thing.

3. Fiat Wallets

Fiat wallets are just like bank accounts.You have normal money in them, and you can use your balance to buy stuff. In this case Bitcoin, Bitcoin Cash, Litecoin and Ethereum. We have both Euro and USD wallets on the Dacxi Exchange.

Why it’s good?

A fiat wallet leads to a quicker crypto buying and selling experience. You don’t need to register at loads of exchanges looking for ones with fiat wallets, and you don’t need to rely on your friend that has a Euro bank account. Instead, simply deposit money into your fiat wallet and have it ready to use when the timing is right or to help you stick to a regular investment schedule.

And when it comes to time to realising your crypto profits, just sell your crypto for fiat currency, and your fiat wallet will be updated and ready to withdraw back to your bank account.

4. Preferred currency view

We want Dacxi to be accessible and straightforward to people from all over the world. That’s why we’ve introduced a new feature where you can view the value of different currencies and your wallet balances in your own currency.

Why it’s good?

You don’t need to do any rapid mental arithmetic to calculate prices, amounts and balances. Nor do you need to have a currency converter open in a separate tab. Just choose one of our nine local currencies (USD, GBP, EUR, NZD, MYR, CNY, JPY, AUD) to immediately understand whether you’re getting a good deal.

5. Friendly customer support

The learning curve for crypto investing is steep. The process, the jargon and even the marketplaces can be complicated and intimidating. That’s why we’ve built the world’s most comprehensive list of FAQs and employed the friendliest customer support team in crypto. We’re crypto investors too — we can help.

Why it’s good?

One crypto question often leads to another. For example, when you’re looking for answers as to ‘how to store crypto securely?’, you’ll head down a rabbit hole of hot and cold storage and paper wallets.

Wouldn’t it be great to have one place and one team to help answer all the crypto questions you have? We have that. We’re also dedicated to getting you trading faster than any other exchange, and taking an interest in your investment success.

6. Peer-to-peer account transfers

No other exchange in the world offers free peer-to-peer account transfers.

But what are they?

Peer-to-peer account transfers allow you to send your balance to another Dacxi user’s account without having to do the deal on the exchange. All you need is the recipient’s email address. It works with all our supported crypto and fiat currencies.

Why it’s good?

Say you want to get your friend started in crypto trading with a little gift of Bitcoin, rather than sending this through the blockchain network and incurring fees and wait times. You can send it instantly through our account transfer feature.

You can send your best friend 2 Bitcoin, your sister 20,000 DAC Coin and your mother in law US$3, without paying any fees and without any complicated wallet addresses or payment instructions.

7. Comprehensive currency pairs

It’s important that a crypto exchange has a range of different crypto coins to buy and sell. But too many can confuse and overwhelm users. We’ve focused on five major crypto coins and added trading pairs for the majority of them including nine fiat-to-crypto pairs. We currently offer the following currency pairs:

  • ETH/BTC
  • BCH/BTC
  • BCH/ETH
  • DAC/BTC
  • DAC/ETH
  • LTC/BTC
  • LTC/ETH
  • DAC/USD
  • BTC/USD
  • ETH/USD
  • BTC/EUR
  • BCH/EUR
  • LTC/EUR
  • ETH/EUR
  • BCH/USD
  • LTC/USD

Why it’s good?

Currency pairs enable you to buy and sell crypto coins against each other. The more currency pair options we have, the fewer trades you have to make to buy your chosen crypto coin and the fewer exchanges you need to join to find the pair you need. What a relief!

Features will help adoption. Education will drive it

Our job isn’t to convince new investors to buy crypto — even though we believe it’s the single greatest wealth generation opportunity that most of us will ever get to experience. Our job is to present them with the information to make up their own minds.

We do this with simple explanations, helpful resources and Dacxi Learn, our video-based educational content hub which simplifies crypto and blockchain thanks to some of the hottest talent in crypto (okay, it’s just us — the Dacxi staff). As champions of blockchain innovation and crypto investment opportunities we believe it is our purpose to demystify the industry for newbies through quality and engaging education.

As the gateway to the world of crypto, every exchange must include features that simplify the learning and buying experience for new investors. The features above (live on the Dacxi Exchange now) do that. But we’re not finished yet. We’re on a mission to build the friendliest crypto exchange and investor community in the world and a continuously evolving platform with new features are part of that journey. Join now to test us out and be the first to access these new features.

This is just the beginning. For crypto and Dacxi. Stay tuned!