An Introduction Into LinkCoin’s P2P Trading Platform
Who we are, what we do, and why you should be using LinkCoin
Are you interested in Cryptocurrency? Of course you are, that’s why you’re reading this article. Maybe you want to buy ten Bitcoins or one-tenth of one Bitcoin, regardless of your financial position, the interest is still there. Now if you want to buy cryptocurrency, then you might have heard of a few exchanges where you can buy them, places such as Kraken, Coinsquare, and Coinbase. The reason why you may have heard of these and no other services is because in a new industry with little regulation and oversight, many new participants will just flock to where their friends and colleagues have gone. With nothing else to go off, listening to people you know, feels credible. But today is the day you will learn that there are different exchanges, exchanges that don’t charge 2.5%-3.5% in fees, exchanges that won’t suspend your withdrawing and trading access, and exchanges that don’t take ten days to withdrawal your money!
That exchange is based in Toronto Canada and it is called ‘LinkCoin’. The reason why LinkCoin doesn’t have the same policies as other exchanges like Coinsquare is because, while they are centralized, LinkCoin is P2P (peer-to-peer). Firstly, what is peer-to-peer and what is centralized? Well, centralized exchanges like Coinsquare aggregate all the markets buyers and sellers and help match them based on what assets they want to trade. While the assets you sell are being bought by other people, the actual swap of assets is done through the exchange service, not by you. So, every transaction made on a centralized exchange is facilitated by the exchange itself. They are a middle man and for their efforts, they charge a fee. Comparatively, LinkCoin users post a buy or sell advertisements, indicating what digital assets they want to buy/sell, and how they will pay for them. If someone likes the offer they can accept it, at which point the funds are exchanged directly into each other’s LinkCoin wallet. LinkCoin relies on a technology called smart-contracts to perform this peer-to-peer function, rather than overseeing the transaction themselves. A smart-contract is a piece of software that is pre-programmed to automatically execute its function once the contract’s conditions are met; it is completely trustless and frictionless.
Because LinkCoin doesn’t have to do the same amount of work to match buyers and sellers like on centralized exchanges, using the platform costs a fraction of what it would cost to use centralized exchanges; 0.6% compared to 3.5%.
What makes LinkCoin a great service isn’t just its peer to peer design, it’s all the extras. We support 7 cryptocurrencies including BTC, ETH, BCH, LTC, ETC, BIX, LKN and accept USD, CAD, JPY, CNY, HKD. We also offer a variety of payment options including WeChat Pay, AliPay, Bank Wire, and Interac E-transfer. Besides the flexible trading and payment options, the LinkCoin team has worked tirelessly to provide unique deals and discounts for its users. Let’s look at some of these now.
Transactional Discounts: There are two ways LinkCoin users can earn reduced trading fees. The first is trading with either LinkCoin’s native token, the LKN or BiBox’s native token, the BIX. Performing transactions with LKN gives user a 50% discount on trading fees. BIX is the native token on the Chinese based Blockchain platform BiBox. The BiBox team has recently partnered with LinkCoin so, by using BIX on the LKN platform, users can receive a 20% discount on their transaction fees. Another way users can earn reduced trading fees is simply by holding either token in their LinkCoin wallet. When making a buy/sell ad you can specify if you want the transaction fee to be paid for in LKN or BIX. Select either, and then the trading fee will be taken from your LKN/BIX funds rather than from the asset you are exchanging.
Referral Program: LinkCoin’s referral program starts with a 10% discount on trading fees and can get all the way up to 40%! Users will pay the full transaction fee, but once the transaction has been confirmed, whatever referral discount they received will be deposited back into their LinkCoin wallet in the form of LKN tokens.
LKN Token Buy Back Policy: To help maintain the LKN tokens scarcity and value, LinkCoin will be implementing a buyback program where we buy a portion of the LKN tokens in circulation. In doing so, customers are selling their LKN at a premium, while taking a portion of its total supply out of circulation will help to increase its scarcity and value.
LinkCoin is not a regulated centralized exchange; therefore, you don’t need to give sensitive personal information like you would on websites like Coinsquare; just select an email and password and your good to go! LinkCoin’s interface is intuitive, plus we have tons of videos and informative resources to help make the learning curve and adjustment to using our platform as quick and painless as possible. So visit https://LinkCoin.pro today to sign up, start trading, refer friends, and earn free LKN!
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