Market Overview

New Home-Grown Peer-to-Peer Cryptocurrency Exchange in Malaysia to be launched in March 2019 - BitNicx Exchange

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KUCHING, Malaysia, Jan. 6, 2019 /PRNewswire/ -- BitNicx Exchange will make history as the first home-grown cryptocurrency exchange in Malaysia to have peer-to-peer (P2P) technologies integrated into their platform where

KUCHING, Malaysia, Jan. 6, 2019 /PRNewswire/ -- BitNicx Exchange will make history as the first home-grown cryptocurrency exchange in Malaysia to have peer-to-peer (P2P) technologies integrated into their platform where users can buy and sell Bitcoin and other cryptocurrencies easily and safely in Ringgit Malaysia with no capital deposits required.

The company was founded by two twin brothers, Johnny Bong and Douglas Bong. Johnny Bong is currently the Crypto Valley Malaysia Youth Director and Certified Blockchain Expert by Blockchain Council. Douglas Bong is currently the Blockchain Academy Asia Area Director and Certified Bitcoin Professional by CryptoCurrency Certification Consortium (C4) where Vitalik Buterin, founder of Ethereum, is one of the Board Directors.

"The crypto market is one of the most misunderstood markets. And hence, bad actors have been taking advantage of this. Besides setting our goals to establish the largest cryptocurrency exchange in Southeast Asia, BitNicx will also be focusing on educating the public. We have signed a MoU with Blockchain Academy Asia and Crypto Valley Malaysia to spearhead public awareness on the use of cryptocurrency and blockchain in the state of Sarawak to start," says Johnny Bong.

Among the main features of the decentralized P2P marketplace, the platform also integrates 24/7 friendly local customer support to ensure a smooth and easy experience navigating the platform or solve any disputes through instant live chat.

BitNicx is also encrypted with military-grade security, which includes two-factor authentication, multi-signature, escrow, and the highest level of encryption so that users can transact with confidence.

With all the skepticism and doubt about cryptocurrency, BitNicx has taken the proactive step to ensure regulatory compliance with Bank Negara Malaysia (BNM), making it a reporting institution to BNM. All users are required to authenticate their IDs and accounts through personal identification details/documents as a Know Your Customer (KYC) requirement before being allowed to do any transactions.

To ensure safety on the platform, BitNicx has its own proprietary reputation metrics system. The reputation metrics system serves to provide a lot of information for counter-parties to assess the authenticity of the buyer or seller in each engaged transaction.

"BitNicx will be bridging the future of money with the twin focus on user experience and security. Transacting online for the first time can be daunting, so we made sure the platform is as user-friendly as possible and safe to trade. As I see it, Bitcoin and cryptocurrency, in general, are going to revolutionize the way monetary transactions are performed not only in Malaysia but also around the world. And Bitnicx is ready for this," says Douglas Bong.

The company vision is to become the largest cryptocurrency platform in Southeast Asia. Users can start using Bitnicx through their website (https://www.bitnicx.com/) or their app in iOS and Android upon launch on 1 March 2019.

About BitNicx Exchange

Bitnicx Exchange is the first homegrown escrowed peer-to-peer cryptocurrency exchange in Malaysia. It is set to launch on 1 March 2019. It was co-founded by Douglas Bong and Johnny Bong of Bong Technology Sdn Bhd. This company offers a platform for users to buy and sell Bitcoin and other cryptocurrencies securely and safely in Ringgit Malaysia with no capital deposits required. The company's vision is to become the largest cryptocurrency platform in Southeast Asia.

Contact Person

Johnny Bong, Co-Founder of BitNicx Exchange

Phone: 016-5775644

Email: admin@bitnicx.com

SOURCE BitNicx

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