CriptoHub Launching Brazilian Cryptocurrency and Financial Exchange
One of the biggest problems facing new investors is the hurdles they’ll need to jump through to simply sign up for an exchange and deposit money. CriptoHub offers loads of coin options, unique payment processing services, and more.
The Untapped Brazilian Market
Late last year, Bitcoin was making headlines all over the world as it soared higher than anyone had thought possible. Tens of thousands of people from around the world flocked to exchanges to get in on the ground floor of what many people in the community are calling the next big thing. Along with the swaths of new users, some exchanges quickly became overwhelmed and despite their best efforts ran into issues regarding reliability and customer services.
Statistics from LocalBitcoins, a peer-to-peer bitcoin trading platform, show that Brazilian volume peaked at more than seven million Brazilian real, equivalent to roughly two million USD. And all of that is only from a single exchange. From this data, it’s obvious the Brazilian community has bitcoin on their radar. Now it’s all about lowering the barrier of entry for people to buy Bitcoin and take back control of their economic freedom.
Current Options Aren’t Cutting It
While it is possible for a Brazilian to buy some crypto, it is by no means easy. There are only a handful of exchanges that operate in the South American countries, all having some sort of drawback. Whether it be high fees, KYC checks that result in long and tedious verification processes, or limited methods to fund your wallet, none of the current options are close to a perfect solution.
On top of these issues on the surface, many exchange options don’t have many of the coins people are looking to purchase. Other than the few “blue-chip” cryptos, such as Bitcoin, Ethereum, and Litecoin, many other exciting projects don’t have an avenue for the Brazilian market to dip their toe in.
CriptoHub Aims to Be #1 Cryptocurrency Exchange in Brazil
The team behind CriptoHub, an upcoming exchange looking to satisfy the South American demand, has seen these issues first hand and decided to bring a solution to market. The CriptoHub exchange offers the lowest trading fees currently available in Brazil, along with a streamlined user interface that’ll result in one of the fastest experience currently available. CriptoHub also is looking to open many more coin options to the public, boasting over twenty tradable assets with fiat pairings.
While these features already sound great, the team hopes to turn CriptoHub into a business with services that can fulfill a variety of consumer use cases and be much more than just an exchange.
Right at launch, the exchange will offer cryptocurrency debit cards to all account holders. These cards will allow users to spend their coins anywhere they’d normally spend fiat. This is a huge hurdle for cryptocurrency adoption, as many current point of sale implementations for Bitcoin are far from perfect.
Businesses looking to accept cryptocurrency payments for goods and services can use CriptoHub’s eCommerce Plugin. Online merchants account for R$50 billion yearly in Brazil and having an easy plug and play solution for accepting Bitcoin can be extremely valuable.
Cheaper Trading and Exclusive Features
To raise funds for the continued development of their platform, the CriptoHub team has chosen to launch a token sale. The CriptoHub Coin (CHBR) is used to power the exchange platform, with token holders receiving exclusive benefits including discounted trading fees. The number of tokens held determines the discount, and with enough tokens, users will be able to save 90% off the lowest fees in Brazil.
What do you think this exchange will do for the Brazilian Bitcoin community? Do we need more exchanges like CriptoHub in the scene that put users first? Let us know in the comments below!
Images courtesy of CriptoHub