Coindirect.com, a new marketplace allowing users to buy and sell cryptocurrencies online has launched in South Africa, Nigeria and Kenya in a move to make trade in digital currencies simple ahead of its global rollout in early 2018.
Taking on popular Localbicoins, remitano, Belfrics, Coindirect.com supports one of the widest ranges of local-to-cryptocurrency transactions available, with 25 different digital coins currently in its marketplace and supports local currency purchases in the UK, South Africa, Nigeria and Kenya.
According to Coindirect.com Director, Basil Bielich, “By simplifying and demystifying the process of purchasing cryptocurrencies, we hope to accelerate their adoption across the globe.”
Coindirect.com offers traders a secure environment with instant transfers and full wallet support, allowing users to buy and sell multiple currencies using a single account. Not only can customers buy altcoins with their local currency, they are also able to exchange between currencies. As such, the company is seeing a high daily trading volume through users converting between bitcoin and altcoins. Transactions are instant, with no waiting for approvals, and prices are locked at the point of sale.
Coindirect.com’s escrow system takes the complexity out of buying cryptocurrencies such as Bitcoin. There’s no uncertainty when making a trade. All trading fees are built into the market price: that means for traders, what you see is what you pay.
Occasional trades up to GBP 800 / EUR 1000 / ZAR R15,000 / NGN 400,000 / KES 100,000 can also be carried out without inconvenient personal identity verification involving uploads of identity documents.
Coindirect.com is backed by a consortium of some of the leading technology investors, based in the UK and South Africa.
