Singapore-based startup Cryptology[1] is aiming to make crypto transactions simpler and cheaper by building a “next generation” cryptocurrency exchange, which would be among the few that combine crypto and fiat transactions on a user-friendly platform, and offers the additional option of a mobile app. The company also expects to have an edge over rivals by partnering with a payment system that will help seamlessly integrate fiat and crypto transactions and lower fees for users.
Web version and mobile app
The company says that the web version of the platform is comfortable to use and “absolutely intuitive.” All the trading operations are “secure and easy to carry out both for experts and newbies.” Verification is quick with support team available 24/7.
The startup has also focused on developing a mobile app, seeing it as a platform of choice in today’s era. It launched an iOS version[2] and an Android[3] version in March, ahead of the desktop website. It has also optimized the mobile app for seamless performance and additional features. For example, according to Cryptology, the app can ensure verification of bank cards in 30 seconds, allowing users to top up their wallets and start trading in mere minutes.
Cryptology has support for Visa and MasterCard for fiat transactions. Deposits into crypto accounts can be made from both cards, but withdrawals will be supported only in Europe through bank transfers. The company plans to add a number of other methods of converting from fiat to crypto and vice versa.
Margin trading is also in the cards, after the completion of an ongoing risk assessment and securing of financing.
Eyeing the global market
Cryptology has set its sights on the global market. According to the company, it is already serving the European markets
