About Us
Cryptotex is a fully Anonymous P2P Crypto Exchange Platform for users to buy/sell Bitcoin/Dash and Litecoin. We do not ask for any KYC information. No IDs involved. Just an email to login into our platform. Cryptotex is committed to make Bitcoin as anonymous as its was meant to be. Power is King! Control your own wallet and how you want to use it. Buy/Sell from trades and profit from it with a fully secured escrow system. We are a team of Cryptocurrency enthusiasts who believed in the anonymity of Bitcoin. Seeing other platforms asking for extensive KYC and verifications, we decided to come up with this truly anonymous system where no personal details will be asked during trades. You decide what to reveal to your trading partner, YOU decide your anonymity. We provide secured escrow on all P2P trades.
What is P2P Trading?
P2P Exchanges match Buyers with Bitcoin Sellers. These are individuals trading back and forth with other individuals. Essentially, the sellers are setting their own price and what types of payments they will accept. Cryptotex only accepts either Cash or Bank Transfers thus eliminating any chances of a scam. Cryptotex acts more like a dating service, matching people interested in trading cryptocurrency. Of course, we take a small fee for this matchmaking service.
How it works?
Creating Offers: Users may create a buy or sell offer for a specific coin supported by the platform. The following parameters can be set for each offer:
Payment Method: Only Cash or Bank Transfers allowed.
Amount Range: The range of amount that must be set when creating the offer. For a sell offer, you must have more than the range of amount in your wallet before it can be displayed for potential buyers. However for buy offer, you may specify as wide the range as possible provided once the trade has been started by a potential seller, you have to meet up with the payment before the trade automatically expires.
Profit Margin: As a buyer or seller, you may choose to gain or lose. The profit margin is used to determine these on each trade. For example, if you set a profit margin of 5% on a $5000 trade, you will gain $250. Usually, most buy offer are set to a negative profit margin so as to entice a potential seller.
Offer Label: Any marketing text like “INSTANT RELEASE”, “NO RECEIPT REQUIRED” that will appear after your payment method. Maximum 25 characters and only letters and numbers
Offer Tags: Add quick that describe your offer terms such as “No ID needed”, “No receipt needed”. And you can only select maximum of 3. These tags are predefined.
Offer Terms: The conditions you want the interested trade partner to comply with, before a trade is initiated.
Offer Instruction: This is displayed to your trade partner once the trade has started. It could contain further information to ensure a successful trade.
Visibility/Requirement Preference: You may specify the verification requirement (verified email) from a user before a trade can be initiated with you. Also, you may limit its visibility to trusted contacts only.
Initiating Trade: As a buyer or seller you may select from the list of available offers from the marketplace with which you can initiate a trade. Some of the features of trade includes..
Real Time Chat: This is the most essential. Both parties of a trade have a means of exchanging information in real-time directly on the platform. This includes support for file sharing, which they can easily drag and drop to upload.
Countdown Timer & Auto cancel of trade: Since the coin is been held on escrow from the seller once a trade has started, the seller is able to set a count down on a trade before it is cancelled. However, the buyer is able to “confirm payment”, which will cause the timer to stop and wait for the seller to release coin.
Raising Dispute: Once a dialog has not been met, either of both parties may choose to raise a dispute, which will call the attention of any available moderators who will attend to the trade and take absolute decision, i.e either cancel the trade or release the coin.
Chat Monitor/Real time Notification: Every user is able to monitor the trades from any where on the site, and they may not have to keep refreshing the page because the platform sends notifications with an alert tone instantly.
5 Star Rating System: After every successful trade, the partner who started the trade is able to rate the other based on 5 stars and a comment. New partners usually feed on this before they initiate a trade with the same user.
Security Concerns
All wallets are placed under a qualified custodian for digital assets. We do NOT hold private keys. All private keys are randomly encrypted during the sign up process. We apply 2FA technology using Google Authenticator. We would encourage you to use them for all transactions. If you lose your password to the platform but with Google Authenticator activated, your account is safe and all funds can be retrieved. This equally works for hacked account but with Google Authenticator enabled. Therefore, Please kindly activate your google authenticator before starting any trades.
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Information to investors
If you're interested in investing in Cryptotex and would like to be part of our team, kindly contact us at
contact@cryptotex.io
