Elbaite: A Self-Custody Crypto Exchange with a Focus on Security and User Empowerment
Elbaite is a non-custodial cryptocurrency exchange based in Australia that prioritizes self-custody, security, and peer-to-peer trading. The platform was created by founders Morty and Samira Tollo, who experienced exchange hacks and other issues with centralized exchanges. Built by traders for traders, Elbaite aims to empower users with a range of features and a user-friendly experience.
Here are the key points about Elbaite:
1. History and Background: Elbaite was founded in 2017 by Morty and Samira Tollo, who wanted to create a solution for the issues they encountered with centralized exchanges. The platform allows users to retain custody of their assets throughout the trading process, making it faster, cheaper, and safer.
2. Inclusive Culture: The name “Elbaite” symbolizes inclusivity and reflects the platform’s commitment to fostering an inclusive culture within the blockchain community. Elbaite has partnered with Melbourne’s RMIT University and supports the Women in Blockchain community.
3. Robust Security: Elbaite prioritizes security and reliability by not holding users’ assets at any stage of the transaction process. The platform also uses a built-in escrow service and KYC/AML compliance to ensure a safe and transparent trading environment.
4. Features: Elbaite offers self-custody, wallet-to-wallet trading, secure transacting with escrow service, competitive fees, and active customer support. Users can connect any crypto wallet of their choice, saving time and fees.
5. Pros and Cons: Elbaite’s pros include low fees, a wide variety of payment methods, a convenient user interface, and a strong user base in Australia. Cons include no fiat currency trading and occasional slowness in customer support.
In conclusion, Elbaite stands out as a user-centric platform that prioritizes security and user empowerment through its self-custody framework. With its focus on user-friendly design and strong security measures, Elbaite offers a seamless and hassle-free trading experience for both beginners and experienced traders.
Note: This content is provided by a third party. Crypto.news does not endorse any product mentioned and users should do their own research before taking any actions related to the company.
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