With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, AFCE, an authentic, centralized exchange of African cryptocurrency with African culture and background has arrived.
"In recent years, Africa has become a global focal point, with many venture capital firms scrambling for a piece of the fast-developing continent. According to a report by the World Economic Forum, Africa is the second-fastest growing region globally, only behind South Asia. It also has the world’s fastest growing economy in Ethiopia, with Tanzania and Djibouti also being in the top ten globally. African tech startups raised $725 million in 2018 according to one report, with Nigeria, South Africa and Kenya leading the pack respectively.
Now, the number of cryptocurrencies and exchange platforms are increasing each year. Currently, there are 190 exchanges, compared to 70 exchanges three years ago, on 15 March, 2015. Demand to buy and sell is also growing as the number of cryptocurrencies and trading platforms increase.
There are currently 1,568 different cryptocurrencies available, as at 21 March, 2018. This breaks down to 654 tokens and 914 coins. It all started with bitcoin, which was first released on January 9, 2009, and various versions launched in the following years. The first experiments in altcoins started happening in 2011 with Namecoin, iXcoin, SolidCoin and others being developed and released. Litecoin followed soon after in the same year.”
With that being said, African Coin Exchange is aimed to transform the way bitcoin and other cryptocurrencies are treated throughout Africa.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is AFCE - African Coin Exchange?
As depicted above and as indicated on the official website of AFCE, AFCE is an authentic centralized African Cryptocurrency Exchange with African culture and background. African Coin Exchange is aimed to transform the way bitcoin and other cryptocurrencies are treated throughout Africa. Although blockchain is decentralized by nature, AFCE have decided to operate a centralized exchange, as that is the only way to convert Fiat currencies (i.e. South African Rands) into cryptocurrencies. This South African cryptocurrency exchange is designed to provide detailed analytical charts for cryptocurrency trading and investments.
In addition, AFCE are the cryptocurrency exchange in Africa who have obtained a real step on threat and KYC direction for consumers, now cross border remittance are easy and fast. Additionally, we have taken all of the security measures to provide the best cryptocurrency trading platform. African Coin Exchange have high liquidity so you can readily buy/sell your bitcoin along with other cryptocurrencies instantly.
How It Works?
Create your account within minutes
Complete profile and unlock buy / sell limits
Start to buy and sell
WHY YOU SHOULD CHOOSE AFRICAN COIN EXCHANGE?
Fast and scalable trading engine designed that provides real-time execution of orders.
ACE exchange is a secure platform for funds deposits and withdrawals with 2FA Authentication.
Fast and high – volume order execution, access to high liquidity orderbook.
ACE provides secure trading by allowing users to activate Two Factor Authentication and Google Authenticator.
With referral program users on exchange can refer the ACE platform to their friends and get paid in return with referral commission.
Automatic funds borrowing with 1:2 and 1:3 leverages.
Secure and Robust Trading | African Coin Exchange
This South African cryptocurrency exchange is designed to provide detailed analytical charts for cryptocurrency trading and investments. We have developed a highly secured multisig wallet to store bitcoins, altcoins, litecoin, ripple, ERC20 tokens and other updated ether token versions. We are working to provide you the best cryptocurrency exchange market rates.
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.