Categories
Cryptocurrency Trading

Shiftal Partners with YOTI to Enable Digital KYC Verification on its Exchange

Shiftal, a globally-renowned, fast, and safe P2P cryptocurrency trading exchange, has partnered with Yoti, a London-based digital ID and credential management company, to digitally automate and accelerate the KYC process on the Shiftal’s exchange.

Yoti’s technology uses artificial intelligence to verify users’ identities swiftly and securely while preventing fraud, enabling Shiftal to onboard users in less than 5 minutes while meeting KYC regulations.

To ensure users’ safety and compliance, Shiftal places significant importance on KYC verification. With complete automation of the KYC process, the company can now onboard customers faster without compromising on security. In India, a normal KYC onboarding procedure typically takes 5 days, whereas Shiftal has been maintaining a 24-hour timeline for its KYC verification. Through Yoti, the company will further curtail its current KYC timeline from 24 hours to just 5 minutes.

“Our users are at the core of every decision we make at Shiftal and streamlined user experience is very important to us. By integrating Yoti’s technology, we can not only simplify the KYC experience for users but also give our users peace of mind by providing the highest level of fraud protection. Yoti’s cutting-edge and next-generation technology will enhance Shiftal’s compliance, safety, security, and performance, as it has with so many other companies in the past.”, said Rishabh, Founder and CEO of Shiftal.

Adding to that, Abishek, Co-founder of Shiftal, said, “Cryptocurrency traders or investors would no longer have to compromise on user experience, privacy, conversions, or security. We aim to make Shiftal the safest and fastest platform to buy and sell Bitcoin & Ethereum globally.”

The use of YOTI for KYC verification on the Shiftal exchange will resolve the inefficiencies connected with the conventional KYC process, enabling fast, cost-efficient, and improved KYC verification. Users can be onboarded quickly and easily using the Yoti app and Yoti Doc Scan, using which customers can scan documents directly into the Shiftal experience. By using the app, users can instantly share their verified identity attributes at the click button or scan a QR code- completing ID+V in seconds. This dwindles those long frustrated KYC checks someone has faced in the traditional KYC process. Once the users have created their YOTI Digital ID, they can use that numerous times in the future, across any industry, to prove their identity in an easy, simple, and secure way. 

Shiftal can now offer a quick, safe, and compliant onboarding to all its new customers, thus accelerating their journey to owning their first crypto. Through this partnership, the company also aims to make financial services more accessible to the Indian market, while increasing security and reducing the cost and time required in due-diligence.

About Shiftal

Shiftal is a leading P2P cryptocurrency trading platform offering its promising services in 220 countries. The platform offers over 70 payment options to buy and sell BTC or ETH. The exchange offers a bidding system feature for all users, along with a callback request feature to assist platform users with any escalated disputes for a quick resolution. The company plans to expand its services and soon it will introduce a centralized spot trading exchange with a margin trading platform, with an aim to offer a comprehensive crypto exchange.

For further information, please contact:

Email: info@shiftal.com

https://www.shiftal.com/

About YOTI

Yoti is a global digital identity-checking platform that allows organizations to verify the identities of people. Yoti’s products include document e-signing, identity verification, biometric authentication, age verification, and access management.

Yoti accepts government-approved identity documents from over 200 countries that are verified using leading technology and trained security personnel.

For more information, visit www.yoti.com

Categories
P2P Crypto Exchange

5 Things to Consider When Choosing the Best P2P Cryptocurrency Exchange Platform

The growth in the number of cryptocurrency holders and traders led to the introduction of crypto exchange platforms. However, not every cryptocurrency exchange platform is reliable enough to perform crypto-related transactions.

Some are at high risk of being subject to fraud, scams, and hacking. These sorts of events left adverse effects and impressions on a lot of traders.

However, it is important to remember that there are still many cryptocurrency exchange platforms with a strong reputation and security systems. If you are a crypto holder, trader, or investor looking for a trusted, secured, and user-friendly cryptocurrency exchange platform, this blog will help you narrow down your search.

Security Measures

This is the most important factor that every trader seeks in a P2P crypto exchange. A top-notch security feature will not only protect your digital assets on the platform but also the personal information that you provide. This generally includes name, date of birth, address of residence, contact details, and other general information.

At Shiftal exchange, we provide multi-layer security systems, such as two-factor authentication to level up the security and drive secure transactions.

Platform Authenticity

Today, hundreds of Bitcoin trading exchanges are available for crypto trading. However, some of these might be created by hackers to deceive users. So, when choosing a P2P bitcoin exchange, it is vital to check and verify whether a company is legitimate or not.

You can check this by conducting online research about the company and scouting its founders, location, and contact information. You can even call the company’s owner directly to resolve your query.

Talk to Our Skilled Support Team Now

Geographical Borders

While bitcoin and altcoins can reach different parts of the world- even those that are unbanked- there are still some jurisdictions that do not fully embrace the capabilities and uses of this kind of digital money. To avoid difficulties in trading, it is essential to check which countries allow crypto trading and which do not.

Shiftal exchange is a European regulated P2P crypto exchange that allows users to trade worldwide. With our exchange platform, a user can easily buy Bitcoin in Venezuela and sell it in another corner of the world.

Fees

Another significant factor to consider when choosing a P2P exchange is its rates and fees for every transaction. This factor varies from exchange to exchange. Some platforms charge high prices for buying and selling Bitcoin, while others charge extremely low fees.

At Shiftal, we charge very low fees for trading and withdrawal so that our users can maximize their profits.

Trading Liquidity

Liquidity is defined as ‘how easily assets can be converted into cash’. Since the transaction involves cryptocurrencies, it is crucial to know whether or not a trading platform has a high liquidity feature. This will assure users that their buy/sell orders can be fulfilled quickly.

Weighing All Factors

When choosing a P2P cryptocurrency exchange platform, it is important to take into account various considerations. Different exchanges offer different ways of building security precautions, regulating users, building their network, and building a user experience.

So, if you are looking for a reliable and reputable P2P crypto trading platform, Shiftal exchange is the best bet for you. Shiftal exchange offers multi-layer security and escrow-protected trading to enable users to trade with confidence. Besides, our platform offers 70+ payment options, breaking any kind of payment barrier for users.

Start buying and selling Bitcoins on the most trusted and secure platform!

Categories
Cryptocurrency Trading

Compelling Reasons to Trade BTC/ETH with Credit Card on a Shiftal

Cryptocurrency investments with profit-making opportunities have encouraged crypto enthusiasts across the globe to put their money into these digital assets. World’s leading P2P cryptocurrency exchange, Shiftal not only offers multiple currencies to trade but also offers several ways to trade these currencies.

Using a credit card to buy cryptocurrency is gaining fast traction and is becoming a widely adopted solution. It is perfect for both first-time buyers and seasoned crypto investors, being a hassle-free and easy option.

Shiftal enables its users to buy Bitcoin with credit card, so you can leverage the ease and speed of transactions provided by electronic cards. The complete process is secure and fast to deliver a seamless trading experience to users.

Easy Steps to Get Started

Step-1 Sign-up for free on Shiftal
Create your user account on Shiftal by providing the required details. Log in to your account upon successful verification of your account.

Step 2- Choose your payment mode

Head over to the “Home Page” on the Shiftal toolbar and choose the “Buy with Credit Card” option to proceed further.

Step 3- Select a trader OR Create your own offer.

From an existing list, select a trader who is having a good reputation score and a high volume of trades to buy your Bitcoin. The Offline/Online indicator shows the availability status of the trader.
OR

Head over to the “Post Trade” option and create your own advertisement with the amount you desire. It will be soon filled by others traders who agree upon trading with you

Step 4- Pay your seller

Once you press the “Buy” button, you will see the complete information about your choices- including the terms of trade. Read them carefully before proceeding.

To start the trade, create your buying order by entering the amount of BTC you want to buy. Enter a message for the seller and click on the “Send Trade Request” button. Make sure that you are ready to pay while clicking the button.

Step 4- Get Bitcoin Instantly

After you, the seller, confirms the receipt of payment, our escrow system will release the Bitcoins instantly to your Shiftal Bitcoin wallet address.

Why Choose Shiftal to Buy Bitcoin Using Credit Card?

Shiftal ensures the following while navigating the user’s Bitcoin buying journey with a credit card.

  • Security

Our cryptocurrency exchange platform is reinforced with multiple layers of protection to mitigate the risk and drive the safest transactions possible.

  • Honesty

Shiftal holds the highest standards of integrity and orchestrates the entire process with complete honesty. The platform automatically calculates the trading fees against the amount or volume of Bitcoin.

  • Fast transactions

Shiftal is developed to process multiple transactions in minutes. Place your multiple buy/sell orders and/or advertisements and get your desired cryptocurrency in your wallet as soon as your order is fulfilled.

  • Support

A strong customer support team provides dedicated assistance to navigate you through the process to buy Bitcoin with credit card. Shiftal believes in building and maintaining long-term relationships with our customers and creating a robust crypto community.

To enjoy these benefits and embrace a convenient solution to trade Bitcoin or Ethereum with credit card from a reliable and secure cryptocurrency exchange platform, sign-up on Shiftal. We steer your journey ensuring security, speed, and ease while putting you in complete control of your transactions. 

Categories
Cryptocurrency Trading

How to Buy Bitcoin and Altcoins with Fiat Currency: A Beginner’s Guide

So you have caught the crypto wave. You know the basics of blockchain and cryptocurrency. But what’s next?

You not only need to decide which cryptocurrency to invest in, but also find the perfect place to buy BTC & ETH instantly and safely.

There are so many cryptocurrency exchanges out there, thereby choosing the best one among them is quite a daunting task. Majorly, there are three types of cryptocurrency exchanges, such as Centralized, Decentralized, and Peer-to-peer crypto trading exchange. In this guide, we will comprehend the P2P crypto trading exchange and how it is revolutionizing the trading process. Let’s take a look.

How P2P Crypto Trading is advantageous for crypto traders?

A P2P crypto trading platform operates on a decentralized mechanism and allows buyers/sellers to trade directly without the involvement of any intermediaries. Globally, the P2P crypto trading market is growing rapidly and the number of trades is increasing day-by-day. According to a recent survey, the number of trades globally has grown enormously to 65% within a year and 72% of all BTC trading happened in the top five countries namely, USD, Russia, UK, Venezuela, and China.

Trading Mechanism of a P2P Exchange

To understand how trades are performed on a P2P exchange, let’s sum up how a ‘regular’ cryptocurrency exchange works. There is a buyer who wants to buy the desired cryptocurrency say “BTC” and there is a seller who wants to sell BTC. The buyer places a buy order and the seller places a sell order. Once the order is matched with the help of a robust matching engine, the transactions are executed. Generally, the entire matching process takes too long- from 10 minutes to an hour. Fiat money transfer takes even longer. However, it is not the case with the P2P crypto trading exchange.

A P2P exchange enables direct trades between buyers and sellers, without the involvement of any third-party or intermediary, thus driving quick transactions. However, the intermediaries come into action in case of any dispute between buyer and seller.

A P2P exchange conducts transactions in an integrated manner and yet provides anonymity to its users, which helps them trade seamlessly and securely.
Let’s look at how to buy and sell cryptocurrency on a peer-to-peer exchange (Shiftal) with step-by-step instructions:

  1. Create and verify your account
  2. Choose your location and the desired payment option
  3. Create a new trading advertisement or choose an existing one
  4. Complete the trade

Moreover, you can place an order for BTC and point out that you can pay only with fiat currency. Sometimes, people can find sellers on a nearby street, so they can make a deal on the spot.

Benefits of P2P Trading

P2P trading exchange offers a secure and flexible trading platform to crypto traders. The platform offers lots of benefits, including;
1) Cost-efficient transactions
2) Powerful trading mechanism
3) Global trading
4) Robust fraud prevention mechanism
5) No transaction ownership

To Sum Up

Buying cryptocurrency is not a tedious task anymore, and after doing it once, you will get an idea of some of the concepts involved in the crypto trading process. It’s good to gain knowledge by reading blogs or articles on how to send or receive BTC, ETH, or any other digital coin from one wallet to another.

Do you think buying or selling cryptocurrency is easy? How would you recommend people to buy BTC or ETH instantly? Let us know what you think, we would love to hear from you.

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