Cryptocurrency is a digital currency which is not governed by a person, group or entity. Cryptocurrency utilizes the principles of cryptography in order to ensure privacy and security of data. India has turned into a hub of cryptocurrency in the past few years, with lots of cryptocurrency exchanges offering their services to customers. Customers tend to get confused when so many options are presented to them. Hence, some of the cryptocurrencies being bought and sold in India are:
Bitcoin– the most popular cryptocurrency out there. It was started in 2009 by Satoshi Nakamoto and is considered to be the gateway to cryptocurrency for people new to the world of cryptocurrency. Bitcoin is volatile in nature and can result in huge profits and huge losses as well for investors. Bitcoin has penetrated mainstream culture, to the point that there are Bitcoin ATMs installed all over the world. Bitcoins get created as rewards for a process called mining.
Ripple– This cryptocurrency is known more for its digital payment gateway rather than the cryptocurrency itself. Ripple helps one trade amounts of different currencies, for example, Dogecoin to LTC. Each “gateway” acts as its own middleman in order to complete the transaction. Ripple is the third largest coin right now, as per market segregation.
TRON– TRX is a cryptocurrency that does not possess its own blockchain but has shown significant growth over time. TRON has also formed partnerships in the gaming industry by way of BitGuild. TRON is also one of the only cryptocurrencies to be widely-available at all cryptocurrency ATMs, having done a partnership with CoinFlip. TRON is also different from other cryptocurrencies due to its policy of content management in a decentralized way.
Bitcoin Cash– A fork of Bitcoin, Bitcoin cash enjoys an advantage over Bitcoin as it has a block size of 8 MB as opposed to 1 MB for traditional Bitcoin. Bitcoin Cash also functions without SegWit or Segregated Witness, a proposed adjustment of code. One problem it does have has to do with greater computing power being required to process the larger block sizes that Bitcoin Cash seems to have. It also causes the fear of creation of a monopoly, where people/entities possessing better mining equipment would fare better than others, which also goes against the fundamental concept of Bitcoin, that is decentralization.
Litecoin – Created by a former Google employee Charlie Lee, Litecoin was widely thought of as the silver to the gold that is Bitcoin. Litecoin is made to be four times as accessible as Bitcoin, creating 84 million coins to Bitcoin’s 21 million. The mining speed of a Litecoin block is a lot less than Bitcoin. That is one advantage Litecoin has over Bitcoin, where payments seem to get stuck at times. While Litecoin is careful of its privacy and has implemented SegWit, its price dropped by 90% once, making it extremely volatile.
Ethereum – Widely regarded as the second-most famous cryptocurrency in the world, Ethereum is a cryptocurrency which gets generated using the platform that is called Ethereum. The currency being transferred from one bank account to another is called Ether. Soon, it was split into two separate cryptocurrencies.
Request network – A network built on Ethereum which enables one to make payment instantly. Request network can really help in invoicing, auditing and accounting, transparency and Internet of Things (IoT) among others. It aims at being independent, not relying on one entering their bank details in order to process the payment. It also claims to be implementing features such as Escrow, which is a third-party which holds cryptocurrency while the transaction takes place and only releases the funds to the other party when the first party gives the confirmation.
Stellar – One of the best-performing cryptocurrencies of 2017, Stellar’s price nearly shot up by 42000 percent in the last year! Stella also utilizes the principle of the blockchain, where a record of all transactions is kept in the public eye for everyone to see. The founder of Stellar is also the co-founder of Ripple, another cryptocurrency.
OmiseGO – Built using Ethereum, OmiseGO wishes to disrupt the art of cryptocurrency and digital payments by introducing a system that is, in their own words, “currency agnostic”. What it means is that when we trade between cryptocurrencies, say from BTC to LTC, we look for an exchange that deals in both and then use a fiat currency such as USD to complete the transaction. The transaction fee that gets charged during this process is astronomically high, and OmiseGO has introduced their “currency agnostic” system which has a single transaction fee for all currencies.
In short, there are a lot of cryptocurrencies that are being bought and sold around the world and one should invest carefully. Flitx is a platform which always works for your satisfaction and developing customer intimacy like never before.
Headquartered in Jaipur, Flitx is a product of Flit IT Services Pvt. Ltd. has been launched with a vision of bringing up all the cryptocurrencies at one place and thus tranquilize the process of buying & selling for the citizens.
Flitx is powered up by a transparent system of buying & selling providing security to a next level. The fascinating fact about Flitx is its user interface which is designed with the aim of easing up the system for the common people.
One can easily sign up on Flitx with just an e-mail ID and complete e-KYC verification process and hence can start trading immediately in cryptocurrencies. Flitx has listed Bitcoin, Ripple, Dogecoin for now and soon going to list Litecoin, Bitcoin Cash and many more.
To provide instant services, Flitx has also integrated instant payment system. You can easily deposit and withdraw via Payment Gateway or Bank Transfer. With a transparent trading system, Flitx ensures the best price buy/sell price among the buyers and sellers.
Akash Bansal and Ashish Sangai are not a novice to this market. Their Bitcoin wallet Flitpay which also is a product of Flit IT Services Pvt. Ltd. turning to be a roaring success. In just 6 months of launching the Bitcoin wallet Flitpay, they are able to achieve the trust of 9000+ users. The key to success of Flitpay is their remarkable customer support services. Flitx is also hoping to achieve that trust from the customers and promising to provide utmost customer care support speeding up the performance their portal. Also, Flitx has started their sign up process from January 23, 2018. To get registered on Flitx, just go to flitx.co and get, set & go.
“Cryptocurrencies are definitely the future of Digital India and our mission is to bring awareness among the common people on building up their digital assets”, says Mr. Akash Bansal, the co-founder of Flitx. Keeping this in consideration, they are here to provide a great experience by gradually introducing the majority of the altcoins on Flitx for the Indian Folks.
“In the next few months, we are aiming to make a base for more than 25 popular cryptocurrencies on Flitx and broadcasting the same among the Indian masses”, says Mr. Ashish Sangai, the co-founder of Flitx.
We just hope that Flitx achieves new heights of success and leave a remarkable impression in the journey of Digital India.
Market trading might sound like something retained by the monetary privileged, but the gradual and spontaneous growth of cryptocurrency is accompanied by the expansion of online currency exchanges and trading platforms where anyone can take part and profit from market speculation.
Today, cryptocurrencies is being known by many people as a revolutionary and popular investment alternative. The core intention of this innovative technology is to permit people to trade, buy, and invest without the engagement of banks or any other financial institution. Cryptocurrencies are highly explosive and can be beneficial to any trader’s portfolio.
At Flitx, the cryptocurrency trading in India is made convenient by providing much ease to the users. The user- friendly interface and the most advanced technology aid to monitored and safe transactions efficiently.
Most of the cryptocurrency exchange platforms, functioning on the exchange of bitcoin are deprived of the use of other cryptocurrency. The revolutionary technology at Flitx helps one to trade in other Cryptocurrencies as well. We have introduced ripple, dogecoin, litecoin, bitcoin cash etc as altcoins adding to the contentment of our users.
The process of creating an account is made simple and secured. You need to follow few simple steps to become an esteemed member of a very efficient cryptocurrency exchange platform.
Step 1 – REGISTER:
To register yourself with Flitx, you just require an aunthentic email ID. Yeah, it is so simple, sign up hassle free with just an email account which can be verified by clicking on the verification link sent to the mentioned email ID.
Step 2 – VERIFICATION:
At flitx, we aim to provide utmost security to the account and transactions made by the user. Hence, creating an account requires a user to undergo a validation process which can be done through Aadhar card, PAN card, bank proof.
Step 3 – DEPOSIT:
After the verification of account, user can deposit money by the supported modes. The Mode of transfer can be either net banking or payment gateway which would direct the user to the respective bank’s payment portal.
Step 4 – TRADE:
As soon as your payment gets approved, you can start trading in Bitcoin, Ripple, Dogecoin and get the best buy/sell prices.
By providing a wide range of cryptocurrency, Flitx make your trading experience broader and remarkable. A regular check on the execution ensures no malfunctioning in the trading process.
So, what are you waiting for? Get yourself registered with Flitx today !
India’s Cryptocurrency exchange “Flitx” ( https://www.flitx.co/ ) is all set to start its sign up by 23rd January. It is the upgraded trading platform of Flitpay, and this has been a long-standing initiative from Ashish Sangai and Akash Bansal. After gaining huge success in Flitpay, the duo set up with another new venture under the name Flitx, which is stated to add 5 major cryptocurrencies in the field of trading business. Some of those five options are bitcoin, bitcoin cash, ripple, Dogecoin, and Litecoin. Moreover, the experienced team is all set to add trading options soon to make this Flitx a huge success story.
Introducing Flitpay in May 2017 was the first initiative to add Bitcoin exchange among people. It gained quite some popularity, The success ratio of Flitpay is just outstanding. Within the first 6 months, Flitpay was successful to attract 9,000 users, which can clearly portray its popularity among the lot. Even in the app, it has successfully added 9k app users within that limited time frame. So, you can easily expect the same kind of response with this new idea of Flitx.
which resulted in introducing Flitx, the latest kid on the block. Sign up process starts early, as mentioned earlier. The main aim of such instances is to smoothen out the procedure of selling or buying Bitcoin in India. Just for making the services smooth and easy for the customers, this app is currently available on Android and can well be downloaded from the Play Store. After gaining quite some popularity, the team upgraded its Flitpay into Flitx and added five new cryptocurrencies in the list. In this field, you are about to learn more about the latest updates and news taking place, making the investment rather easier for you.
Each cryptocurrency has its own features included in the list, making it rather a good choice among traders. The main aim of this duo is to introduce Indian people to the world of cryptocurrency trading. So, Flitx is revolutionary platforms for them to enter the realm of virtual coin trading. The platform is set to expand a lot within few more years with more lucrative options allotted for people.