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Author Topic: Kapitalex Beta Launch - 1st Exchange With User-Managed MultiSig Deposits  (Read 114 times)
support@kapitalex (OP)
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August 01, 2019, 09:23:23 AM
Last edit: August 01, 2019, 12:56:17 PM by support@kapitalex
 #1

We're excited to launch Kapitalex, a security-minded crypto-currency exchange. We're looking for about 25-50 users to help us with the Beta release of the exchange. Please register today, and we will be manually approving registrations for select users. Some incentives for beta users include future priority/expedited support, fee rebates, free hardware wallets, and more.

https://www.kapitalex.com

--User-Managed Multi-Signature Deposits---
One of the things that makes us unique and stand out from other exchanges is we are the first exchange ever to offer user-managed multi-signature 2-of-2 deposits.
The user manages his own private key, and the exchange the other.
It's impossible to move the funds without the users' signatures. The funds are "placed on hold", "frozen", and as the user places trades, he can then sign withdrawals and other transactions out of his Multi-Signature wallet, using his own private keys.
Building the bridge towards distributed, decentralized crypto-currency exchanges.
Making exchange hackings a things of the past.
It becomes virtually impossible for Multisign funds to be stolen, because the hacker would need not only the exchange's private keys, but would also need the users' private keys as well.
For each deposit, the user pre-signs a 30-day Future Transaction Guarantee, i.e., via the Bitcoin's lockTime parameter. That way, in the event that a user loses his private key or hardware wallet, at least the exchange will be able to recover the funds at some point in the future.
For verified, high net-worth individuals and firms, it is possible to waive signing such guarantees.
Trezor hardware wallet supported for Maximum security! Electrum software wallet supported. Ledger coming soon.

Please read this Medium article for more details:
https://medium.com/@kapitalex/kapitalex-cryptocurrency-exchange-beta-launch-with-user-managed-multi-signature-deposits-bde3b3c0a795

--Standard Deposits Available As Usual--
Users can continue to use standard, non-multisign deposits, as they are accustomed to with other exchanges, but Multi-sign protection is the safest choice.
All deposit addresses are multi-signature addresses. Private keys are geographically distributed across continents.

--Currency pairs supported for Beta--
-BTC-MXN
-BTC-USD
-BTC-EUR
-In time, we will add more currencies, of course.

--Beta Version Daily withdrawal limits
For non-verified users and all users without 2FA (Dual Factor Authentication) enabled:
-0.05 BTC per day
For verified users with 2FA enabled:
-0.5 BTC per day

We value your feedback, criticisms, and look forward to serving the cryptocurrency community, and bringing better security practices to the industry as a whole. Please have patience as we iron out any issues that may arise from the Beta release.

notblox1
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August 02, 2019, 06:41:08 PM
 #2

What coins are you supporting for beta,
as I only see Bitcoin there?
Do we need KYC for registration and trading?

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support@kapitalex (OP)
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August 03, 2019, 09:09:00 AM
Last edit: August 03, 2019, 09:24:43 AM by support@kapitalex
 #3

What coins are you supporting for beta,
as I only see Bitcoin there?
Do we need KYC for registration and trading?

For beta, we're supporting just BTC, but as we perfect the process, we aim to bring other cryptocurrencies, too, including, but not limited to, ETH, LTC, XRP, and more.
For testing out the system in beta - making deposits, withdrawals, and trading, KYC is not required. But, daily withdrawal for unverified users would be limited, currently set to 0.05 BTC per day.
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