What is XBrick?
XBrick is an Australian cryptocurrency exchange that allows users to buy and sell digital currencies.XBrick is building a platform for high quality blockchain-based assets to create a secure, reliable, and efficient global crypto currency exchange. XBrick Exchange is currently in operation at xbrick.io and they are now creating a platform utility token XBC. This will be developed on the Ethereum platform with a view to eventually
It offers 24/7 trading access through distributed cluster servers, bank-grade SSL encryption, and a platform engine that employs memory matching to process over two million orders per second. XBrick also claims to partition cold wallets from hot wallets to provide added security for user funds.
They also claim to have an automated KYC system that connects to global and local databases to verifiy your identity in 5 mins.
One of its unique offerings is its points system, which allows users to earn points for completing specific tasks, such as verifying their account details or logging into their account. The more points you earn, the lower the fees that apply to your account.
XBrick states on their site that:
Together we have been developing a sophisticated technology which continuously scans and gathers tradable liquidity from channels around the world to form an easy and accessible Global Consolidated Order Book (GCOB) that displays the best market prices and depth for XBrick’s users, as well as a Dynamic Liquidity Providing Engine (DLPE) which is designed to automatically provide liquidity for our users when needed.
Which cryptocurrencies can I buy/sell?
At the time of writing (21/02/18), XBrick allows you to trade a wide range of cryptocurrencies, including:
- Bitcoin (BTC). NB: bitcoin is traded on the platform in millibitcoin (mBTC). 1 mBTC = 0.001BTC.
- Ether (ETH)
- Aeternity (AE)
- Bottos (BTO)
- BitShares (BTS)
- BitCNY (BITCNY)
- CanYaCoin (CAN)
- Eos (EOS)
- HalalChain (HLC)
- SEER (SEER)
- Asch (XAS)
- Tether (USDT)
XBrick is a global exchange that offers its services to users in countries around the world, including the UK.
You can check out their bounty program here: i.xbrick.io/e/C938B41B Where up to 1 Million XBC will be Reserved for this Bounty Program.
Pros and cons
- Simple and straightforward user interface
- Mobile trading apps available for extra convenience
- Two-factor authentication and trading password for extra security
- Partial cold storage of user funds
- Fast and easy signup process
- Coporate Trading (With different levels of employee access)
- Automatic KYC System
- New exchange launched in November 2017, so limited information available
- Limited range of coins compared to some other exchanges
- No live chat support