Koinex Loop - Features and comparison by prototype4950

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crypto · @prototype4950 · Jul 15 '18

Koinex Loop - Features and comparison

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<p>&nbsp;</p>
<p>Koinex &nbsp;is coming up with a new peer-to-peer platform Koinex Loop which is &nbsp;going to be launched on 15 July i.e Tomorrow. Here is the latest tweet &nbsp;regarding Loop:<a href="https://twitter.com/koinexindia/status/1017728030045851649">https://twitter.com/koinexindia/status/1017728030045851649</a>Koinex &nbsp;was the first in India to introduce Ethereum , Litecoin, Ripple and &nbsp;Bitcoin Cash along with a open order book exchange in the times where &nbsp;other exchanges looted people by keeping a huge buy and sell difference &nbsp;in BTC prices. Recently Wazirx has launched their P2P platform. I used &nbsp;it and it doesn't work so well. It allows you to only buy and sell USDT &nbsp;using INR and the prices are fixed by Wazirx. Also they don't work like &nbsp;localbitcoins meaning they don't allow you to place a advertisement for &nbsp;buying or selling at your price. They ask you the amount you want to &nbsp;buy/sell and then they do internal order matching to complete the order. &nbsp;I have tried it and none of my orders got executed till now. First &nbsp;trade cannot be made for more than 16 Tether. None of my orders got &nbsp;executed. They tried to find the seller for 1-2 hours after that i had &nbsp;to cancel it manually. Here's how it looks on Wazirx.<br>
Wazirx P2P: All the orders had to be manually cancelled and not a single one was executed successfully.Coming &nbsp;to Loop, it will allow you to buy/sell BTC/ETH/XRP using INR. The &nbsp;Koinex wallet will be fully integrated with Loop, forming a closed &nbsp;ecosystem. Users will be able to buy and sell digital assets using INR &nbsp;through Loop on a peer-driven network with direct transactions occurring &nbsp;between two users (without any banking interface with the exchange). &nbsp;Users will then be able to see the same effective balance on Koinex &nbsp;also, which will allow them to trade seamlessly in Crypto/Crypto &nbsp;corridors on Koinex. They won't be having internal order matching. Few &nbsp;of the features of Loop that are highlighted are: KYC verified users for &nbsp;increased trust, A technology enabled dispute resolution mechanism and &nbsp;integrated Koinex wallets for seamless Crypto to Crypto trading on &nbsp;Koinex. Apart from it, Loop will have zero network and transaction fees. &nbsp;The team behind Koinex is really talented and they have delivered solid &nbsp;products in the past. All that said, i am really excited for Koinex &nbsp;Loop and eagerly waiting for tomorrow to get my hands on the platform &nbsp;and buy some cryptos.</p>
<p><img src="https://i.redd.it/gdwn294l6w911.png" width="689" height="530"/></p>
</html>

👍 prototype4950, coin.info, princess498

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@coin.info · Jul 15 '18

**Coins mentioned in post:**

Coin | | Price (USD) | 📈 24h | 📉 7d
- | - | - | - | -
**BTC** | Bitcoin | 6288.910$ | _0.77%_ | _-7.93%_
**ETH** | Ethereum | 438.285$ | _0.93%_ | _-11.13%_
**LTC** | Litecoin | 77.251$ | _0.62%_ | _-9.35%_
**USDT** | Tether | 1.001$ | _-0.1%_ | _-0.51%_
**XRP** | XRP | 0.440$ | _0.4%_ | _-10.35%_

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@rinku-dz · Jul 15 '18

I have Upvoted for you. Please upvote back.

👍 rinku-dz, prototype4950

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@prototype4950 · Jul 16 '18

upvoted brother

👍 rinku-dz

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@steemcleaners · Jul 19 '18

$0.97

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👍 adm, lordofreward, steem.doctor

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@steemitboard · Jul 16 '18

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