Bitcoin Forum
October 26, 2021, 03:39:33 AM *
News: Latest Bitcoin Core release: 22.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Bitcoin / Bitcoin Discussion / Re: Some of the benefits of Bitcoin ... on: October 20, 2020, 10:11:34 AM
The reason why you should opt for any cryptocurrency (Bitcoin, Ethereum, Litecoin, XRP )The world’s economy is certainly moving towards a digital eco-system. From investment to money transfer, the whole transactions is going paperless as it is now the quickest way to transmit from anywhere to everywhere. Since the cryptocurrency is not issued by a central authority, so the government can’t seize it.

Here are a few benefits behind it.

One of the major benefits is the Low Fee. In comparison to the common method of bank transfer, the fees charged by the crypto exchange are very low and due to low fees on every transaction cryptocurrency has been quickly gaining the public eye.
Secure your Personal Data-A cryptocurrency payment process along with a third party (Any Best Exchange) will typically want your name (and shipping address for the delivery of physical goods), but the rest of your information will stay private as long as you don’t connect your bank or credit card account and transact solely in BTC.

Cryptocurrencies are a more reliable digital cash option and are perfect for mobile payments by default due to their virtual, decentralized nature.
It has been estimated that 20 million people worldwide own cryptocurrency. Most others have heard of bitcoin and plan on adding it to their portfolio.
2  Local / India / Re: Top Cryptocurrency Exchanges in India. on: September 09, 2020, 05:15:41 AM
Here I am introducing
"Shiftal" - A secure, advanced, and best P2P crypto exchange trading platform integrated with robust and unique features. Shiftal is a European regulated buy and sell bitcoin platform with 70+ payment modes. our best BTC trading platform helps you transfer your funds instantly with a highly secure Escrow system that helps to have a smooth transaction between buyer and seller and where you can control all your transactions easily, Partnered by YOTI for a highly advanced automated eKYC system to keep shiftal users safe and secure. Trade your cryptocurrency with low transactional fees on trading as well as on withdrawals allowing our users to maximize their profits with multi-currency wallets.
Shiftal Exchange allows you to buy and sell BTC or ETH by using 70+ payment options.

Why to choose Shiftal to trade your cryptocurrency.

1. Hassle-Free trading.
2. Low transaction fees on trading as well as on withdrawals.
3. High Security by Escrow System.
4. Transparency ( Automated eKYC ).
5. Multicurrency Wallets.
6. Easy to navigate user interface.

Have a Safe Trade.
3  Bitcoin / Bitcoin Discussion / Re: The Future of Bitcoin Technology. on: September 02, 2020, 05:17:41 AM
Trading with Cryptocurrency has been a successful venture for many and it is one of the types of investment that one can invest and trade in the world of investing and growing your money. The future actually depends upon many factors, there are so many cryptocurrencies exchanges platform out there which provide 3 major types of cryptocurrency exchanges, which are Centralized, Decentralized, and Peer-to-Peer. Future of Bitcoin technology is P2P crypto as it operates on a decentralized mechanism and allow buyer and seller to trade directly without the involvement of any third party.Globally, the P2P crypto trading market is growing on a huge scale and the no of trade is increasing day by day. according to a recent survey, the no of trades has grown globally to 65% within a year and 72% of all BTC trading happened in the top 5 countries that are USD, Russia, UK China, and Venezuela.

Benefits of P2P trading-one of the most secure and flexible trading platform for trade- 'SHIFTAL'

Thank you
Stay Connected

Shiftal

4  Bitcoin / Bitcoin Discussion / Re: The Future of Bitcoin Technology. on: August 27, 2020, 04:51:15 AM
The future of bitcoin technology has been a successful venture for many and it is one of the types of investment that one can invest and trade in the world of investing and growing your money. The future actually depends upon many factors, there are so many cryptocurrencies exchanges platform out there which provide 3 major types of cryptocurrency exchanges, which are Centralized, Decentralized, and Peer-to-Peer. As per opinion, the future of Bitcoin technology is P2P crypto as it operates on a decentralized mechanism and allow buyer and seller to trade directly without the involvement of any third party. Globally, the P2P crypto trading market is growing on a huge scale and the no of trade is increasing day by day. according to a recent survey, the no of trades has grown globally to 65% within a year and 72% of all BTC trading happened in the top 5 countries that are USD, Russia, UK China, and Venezuela. So future looks promising to me.

Have a safe trading.
5  Bitcoin / Bitcoin Discussion / Re: Cryptocurrency fraud and scams on: August 01, 2020, 08:55:13 AM
Yes there are many scammers out there, ready to snatch your hard-earned money and we as a BTC  CRYPTO LOVERS  BTC need to be careful and research about the companies policies, history, their payment methods, fees on exchange while trading as well as on withdrawal, their call back request, dispute control and most important is one's own judgment. But some checks are must before trading also these forums are there for unlocking the truth about the company. One needs to understand the core concept and principles of trading before accepting them. Frauds are hard to spot yes, but projects that could bring about profits are much harder. Make sure to join these kinds of forums to stay connected and updated to the Bitcoin community.

Have a Safe Trading - "Shiftal"
6  Bitcoin / Bitcoin Discussion / Re: How bitcoins is helping during the lockdown on: May 12, 2020, 10:03:22 AM
Well I do think everyone is fimilar with the situation that every country is in right now .
To eleminate the risks of spreading the Corona virus , government have established lockdown .
No jobs , no schools , no small businesses , nothing.
Care is taken about people who are working in government sector , they are going to be provided with some amount of salary , that too in only some countries.
The small owned businesses are suffering greatly.

I myself was travelling to a small town nearby and saw a person crying , he had to pay banks , pay for his 4 kids , had a family to support but due to lockdown he had no source of income.

I do introduced him with the idea of bitcoins , how he can with some investment try buying , I even told him how he can earn a little through the campaigns , since something is better than nothing .

I do think Bitcoins is helping more than the government itself for a normal person , I am using my bitcoins selling them timely so that I can pay my rent and everything because jobs are all closed.

Bitcoins right now is the only thing that is supporting some people during the time of Quarantine  .

How the signature campaigns are still being managed efficiently is amazing 🔥

This is just an appreciation post <•>
__________________________________________________________
Hello Fiulpro,

Indeed a nice step you took to help that man. I agree with you, this lockdown think impacts drastically in everyone’s life. Millions of people are uncertain about their job, monthly salary, daily expenses, cash savings, and a lot more. Although the situation of every family is different, the main issue is the same; concern about finance.

Coronavirus has drastically affected the world’s economy. Even the crypto industry could not escape from the outbreak. But, fortunately, the market has started recovering and at the time of writing, the price of the BTC is $8,600 and it is expected that it will rise because of the Bitcoin Halving. So, if you want to improve your financial condition, investing in any bitcoin trading platform is the best bet for you.

If you are genuinely willing to invest in the crypto sphere, find an exchange that is secure, user-friendly, and integrate with the advanced features such as 2 Factor authentication, secure wallet, escrow secured, 50+ payments modes, fast transactions, low trading fees and more. I am also using some of the trading exchanges to gain huge capital such as Binance and Shiftal (new trading platform with astounding features). Use the best trading platform to face this dreadful situation like a pro. Happy trading!

Feel free to share how bitcoins is helping you during the lockdown.
7  Economy / Exchanges / Re: An European Regulated P2P Cryptocurrency Exchange is Going to Live Soon! on: May 10, 2020, 07:57:16 AM
Reply: We are a Peer to Peer exchange, but NOT decentralized. That means we do have access to customer wallet and crypto funds as we have an escrow system to keep buyer/seller safe from fraud and unnecessary time consuming disputes.
Just because I'm trading with another customer rather than an order book doesn't make your exchange peer to peer. Trades should actually be peer directly to another peer, not peer to centralized exchange to peer. If you have to create an account for me, and I have to deposit coins to that account, and the other party has to deposit coins to their account, and you have complete control over all those coins, then I'm not trading peer to peer. You could provide an escrow service via a multi-sig wallet which doesn't give you access to your user's coins like Bisq does, but if you are holding my coins and my private keys, then that isn't peer to peer trading.

Regarding KYC, to make the process hassle free and fully automatic, we collect KYC via a third party (to make onboarding hassle free and instant)
If you want to collect KYC, that's fine, but you should be forthcoming about it. You can't say "we won't give your details to the government" when the fact of the matter is you would turn everything over to the government if they requested you to do so.

So legitimate users do not have to worry about their privacy.
Absolute nonsense. Every time and every place you complete KYC you have to worry about your privacy.

You need to be clear that you are a KYC enforcing centralized exchange.


Reply 1 : As discussed earlier, we are a peer to peer exchange but NOT decentralized that means we are a centralized P2P exchange. We are well aware of Bisq model, when initially we started this project an year ago we did thought to implement that model, but after getting user reviews, market analysis, and difficulties users may face with that model - we decided to go centralized so users don't have to worry about their funds or trade worries.
But thank you for this suggestion, this is really something that we can integrate for user to select which way they want to opt for.

Reply 2 : As discussed earlier, government would only ask us to provide information when we report them a specific transaction/user that we feel is connected to money laundering/terrorist financing, or a user that is trying to defraud other users on the exchange. Legitimate users do not need to worry about their privacy.

Reply 3 : Yes, we do collect KYC and we enforce it BUT only after a users exceeds the trading limit. If we do not collect KYC information at all then we may not be able to keep users safe onto the exchange which is the whole point that we wish to provide best user experience as a new crypto exchange.

PS. We are going live on 14th may and we would appreciate if you register onto the exchange and have a look yourself and report any suggestions to us via telegram. Your feedback is valuable.

Regards
8  Economy / Exchanges / Re: An European Regulated P2P Cryptocurrency Exchange is Going to Live Soon! on: May 09, 2020, 07:01:22 PM
Reply 2 : Well understood, the thing is, we do not share customer information with government unless there is a risk of money laundering for a specific transaction/user account.
As I suspected. You've gone from "peer-to-peer", to "we don't share your information with the government", to "we collect KYC via a third party", to "we share your details with the government if they ask for it". This is no better than any other centralized exchange in terms of privacy.

Shiftal has access to the crypto funds as we provide an escrow service.
How can you claim your exchange is peer-to-peer if you have access to everyone's coins? That's the very definition of being centralized.


Hello, Thank you for your response. I think there is a confusion, i will try to clarify both questions/statements in one go.

Reply: We are a Peer to Peer exchange, but NOT decentralized. That means we do have access to customer wallet and crypto funds as we have an escrow system to keep buyer/seller safe from fraud and unnecessary time consuming disputes.

Regarding KYC, to make the process hassle free and fully automatic, we collect KYC via a third party (to make onboarding hassle free and instant), yes, But there is a specific limit for which you can trade (buy/sell btc/eth) before providing your KYC information (you can see the limit on may 14th).

Regarding sharing information - we are a regulated exchange, but we are only obligated to report specific suspicious transaction/user that we know is connected to money laundering or terrorist financing. In this case we will only be reporting specific transaction/user data when asked but NOT the whole database of the exchange. So legitimate users do not have to worry about their privacy.

Also in future we have plans to launch Shiftal DEX P2P which would be fully decentralized (where user hold the crypto funds as well), also after USP's release Shiftal would be targeting margin/futures trading and specific centralized trading pairs which would be country specific.

Hope this answers your questions.
Feel free to ask anymore question that you may have.
Regards
9  Economy / Exchanges / Re: An European Regulated P2P Cryptocurrency Exchange is Going to Live Soon! on: May 08, 2020, 08:29:11 AM
Hello Everyone
This is Director at Shiftal

Thank you very much for showing interest in Shiftal Exchange and asking questions

I have just replied to all your questions in the above 2 replies personally.

Please feel free to share anymore questions which i would be glad to answer.

Shiftal is going live in a week's time so most probably everyone would have a clear idea regarding the whole exchange and the above asked questions.

Thank you
Regards
10  Economy / Exchanges / Re: An European Regulated P2P Cryptocurrency Exchange is Going to Live Soon! on: May 08, 2020, 08:17:29 AM
  • Priority Support in case of any dispute while trading
Care to explain how priority will be given depending on different situations?

  • Wide Range of payment methods to choose from
Can you name them together with fees for each?

On a side note:
- I hope you're keeping tabs on the expiration date for your website...

Domain Name: shiftal.com
Registry Domain ID: 2405989073_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.godaddy.com
Registrar URL: http://www.godaddy.com
Updated Date: 2019-06-25T08:19:16Z
Creation Date: 2019-06-25T08:19:15Z
Registrar Registration Expiration Date: 2020-06-25T08:19:15Z

If there are any disagreements in the trade, you can open a dispute. After a dispute has been started you can still release the Bitcoins/Ethereum and finish the trade e.g. in a case where the payment takes longer than usual to arrive, the dispute is opened prematurely.

I hope you get your answer. For any query, feel free to write me back.





Reply 1 : Regarding the Priority customer service - In case of any disputes while trade, users can open a dispute from the trade page after which Shiftal's team would take care of the dispute on priority and get a resolution ASAP.
Also Shiftal would be launching USP i.e. Callback Request feature wherein customer can opt for a call resolution of dispute which would have an automatic as well as manual option.

Reply 2 : Regarding Payment methods - Shiftal has 70+ payment methods for users to trade for and since we are a p2p exchange there is no separate fee for any of the payment methods.

Reply 3 : Thank you for pointing out Domain information - we have forwarded it to the relevant team.
11  Economy / Exchanges / Re: An European Regulated P2P Cryptocurrency Exchange is Going to Live Soon! on: May 08, 2020, 08:06:22 AM
If you want to know more about our USPs and regulation, you can visit us at https://www.shiftal.com/.
I can't see any information regarding regulations, terms and conditions, privacy policy, etc., on your site. In fact, I can't really see any meaningful information at all. Am I missing something? Please provide a direct link to the information regarding the European Regulations you are following.

This is the reason of taking European license and we are not going to give our users details to government.
If I had a satoshi for every time I'd seen a person/company/business/entity "promise" not to violate their users' privacy, and then do so anyway when the government comes knocking, then I'd hold more bitcoin than Coinbase (who also sold out their customers to the IRS).



If there are any disagreements in the trade, you can open a dispute.
Who mediates the dispute? What access does this mediator have to the coins involved in the dispute? Are the coins in a multi-sig wallet?

You haven't addressed my question regarding KYC. What information and KYC documents will you require from your users?


Reply 1 : Hello, thank you for pointing that out, Actually at the moment shiftal.com is just a coming soon page.
Exchange is due to go live on 14th may 2020, following which you will be able to see About us, TnC, Privacy Policy, FAQ's and all the relevant information that is asked.

Reply 2 : Well understood, the thing is, we do not share customer information with government unless there is a risk of money laundering for a specific transaction/user account. In that case as well we would be personally reviewing the information before taking any steps. Only if there is a suspected money laundering or finance terrorism related problem, that we may have to report.

Reply 3 : Shiftal's team mediates the dispute. Shiftal has access to the crypto funds as we provide an escrow service.
Regarding the KYC - Shiftal has partnered with YOTI for customer identification and users on shiftal can trade BTC and ETH for a specific amount without KYC (there would be a limit which you can see when you signup on 14th may)/
After reaching the limit user needs to do KYC by providing document (KYC is fully automated). Document depends upon country of user jurisdiction. (Passport, ID card etc)

12  Economy / Exchanges / Re: An European Regulated P2P Cryptocurrency Exchange is Going to Live Soon! on: May 05, 2020, 11:39:59 AM
  • Priority Support in case of any dispute while trading
Care to explain how priority will be given depending on different situations?

  • Wide Range of payment methods to choose from
Can you name them together with fees for each?

On a side note:
- I hope you're keeping tabs on the expiration date for your website...

Domain Name: shiftal.com
Registry Domain ID: 2405989073_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.godaddy.com
Registrar URL: http://www.godaddy.com
Updated Date: 2019-06-25T08:19:16Z
Creation Date: 2019-06-25T08:19:15Z
Registrar Registration Expiration Date: 2020-06-25T08:19:15Z

If there are any disagreements in the trade, you can open a dispute. After a dispute has been started you can still release the Bitcoins/Ethereum and finish the trade e.g. in a case where the payment takes longer than usual to arrive, the dispute is opened prematurely.

I hope you get your answer. For any query, feel free to write me back.













13  Economy / Exchanges / Re: An European Regulated P2P Cryptocurrency Exchange is Going to Live Soon! on: May 05, 2020, 11:24:08 AM
Can't say I don't like new options, but if it's regulated, then is it just going to be another Localbitcoins (except with other crypto too?). Curious about the bidding option, won't be likely to try it unless it means I can sell btc much faster. What's your route to compliance? Simple Estonia license of full-on FI like PSD2?

Well, getting a European trading license is solely for trust purpose. Actually, attaining a license from a legalized crypto trading country is crucial for a trading exchange. As Competent authorities clarify that the propagation, circulation, buying, selling, trading and settlement of cryptocurrencies without obtaining license from competent authorities are illegal activities.

The authorities emphasized that “Any person or legal entity” engaged in any of the above activities without a proper license “shall be penalized in accordance with applicable laws.”

This is the reason of taking European license and we are not going to give our users details to government. Don’t worry!

Thank you!
14  Economy / Exchanges / Re: An European Regulated P2P Cryptocurrency Exchange is Going to Live Soon! on: May 05, 2020, 11:16:58 AM
Can't say I don't like new options, but if it's regulated, then is it just going to be another Localbitcoins (except with other crypto too?). Curious about the bidding option, won't be likely to try it unless it means I can sell btc much faster. What's your route to compliance? Simple Estonia license of full-on FI like PSD2?

Hello,
Thank you for showing your interest on Shiftal Exchange. Yes, our exchange platform is quiet similar to Localbitcoins except our unique features such as Bidding system and call back request. Well, our bidding system enables trader to make an offer to buy and sell BTC or ETH. If you want to know more about our USPs and regulation, you can visit us at https://www.shiftal.com/. In case you still have some query, feel free to write me back.
15  Economy / Exchanges / An European Regulated P2P Cryptocurrency Exchange is Going to Live Soon! on: May 01, 2020, 11:32:58 AM
Shiftal Exchange is launching a new p2p cryptocurrency exchange platform where you can trade Bitcoins and Ethereum. The exchange’s website currently in its beta version and providing free user registration where they can unlock the treasure of heavy discounts on their first few trades.

Our robust p2p crypto trading platform offers global traders an easy-to-use and attractive UI coupled with reliable and seamless Over-The-Counter (OTC) trading.

Our p2p crypto exchange is integrated with unique and robust features, including:

1> Bidding system feature
2> Callback request features
3> Feature-rich Android or iOS apps
4> Escrow protected
5> 24/7 Support
6> User-friendly
7> Wide-range of payment modes

Full Information and Source: www.shiftal.com

I believe that something like this will bring a wider range of Bitcoin and other crypto new users. Opening new doors and probably a New price boom?

What do you guys think about this new Shiftal approach with the P2P exchange system? Good or Bad? What are your expectations? Tell us your perspective! (As I’m excited about these new approaches)
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!