Introducing CoinsFast: The Revolutionary New Peer-to-Peer Bitcoin Exchange That Enables Anyone to Access Crypto

CoinsFast is a new peer-to-peer Bitcoin trading platform that uses a revolutionary open-banking payment system that allows direct bank-to-bank transfers between buyers and sellers, circumventing the complications that arise when using a centralized or traditional peer-to-peer trading platform and providing simple, instant transactions.

When Bitcoin was created, its aim was to take away power from big banks and gatekeepers and bring the power of decentralization to finance.

However, as public awareness of Bitcoin has grown, banks increasingly recognize the threat that Bitcoin poses to their business.

As Bitcoin exchanges are becoming increasingly centralized, it is becoming ever easier for the world’s biggest banks to cut off their users from bitcoin exchanges. This compromises the integrity and the potential of the entire project.

Many banks around the world now block access to cryptocurrency

If you trade Bitcoin on a regular basis, you may have noticed that the process of transferring fiat money on or off a centralized crypto trading site has become increasingly difficult.

Big banks don’t want to lose customers to crypto, so a number of major world banks have blocked crypto transactions altogether, or have created their own digital currencies that they alone control: an antithesis to Bitcoin’s decentralized dream.

British bank HSBC recently prohibited its customers from even buying stock in any public company that holds cryptocurrencies in its treasury. Another U.K. banking service, Starling, has blocked its customers from sending deposits to cryptocurrency exchanges. Users of the online banking service Revolut often find that their access to crypto services is blocked.

Last month, Bank Indonesia announced its plans to develop its own digital currency called the rupiah, clearly stating that this would be the only legally accepted digital currency its customers can use.

So what does all this mean for Bitcoin users?

As centralized cryptocurrency exchanges make it easy for banks to spot crypto transactions and flag them, people are increasingly looking towards peer to peer exchanges which make it hard for banks to identity crypto transactions.

Peer-to-peer crypto trading sites however typically come with myriad problems: slow transactions, low limits, and a significant risk of fraud.

Using a peer-to-peer platform often means scrolling through Bitcoin sellers, looking for the seller with the best price, checking whether they are prepared to sell the amount you want to buy, and hoping that they are trustworthy enough — or have garnered enough good reviews — to indicate they won’t rip you off.

Even when you find a seller you trust, you may have to wait hours or even days for the seller to release their Bitcoin. An exhausting process that we at Coinsfast believe no one should have to put up with!

CoinsFast offers a solution. Our revolutionary model bypasses the downsides of other peer-to-peer platforms through an open banking system that allows us to monitors payments instantly from user to user.

Privacy is our highest priority — unlike centralized crypto trading sites, fiat transactions on CoinsFast are 100% user to user. As we monitor the payment process, we can instantly release the Bitcoin when the fiat is sent, allowing us to completely remove the risk of fraud.

CoinsFast cuts out the complications

The central principle behind CoinsFast is to make the on ramp to Bitcoin as decentralized as physically possible — while also recognizing that buyers don’t want to wait hours or days for sellers to release their coins, or risk not receiving them at all.

If you are a seller, just add the Bitcoin you wish to sell to your CoinsFast account, then turn on your ‘sell’ switch. Your Bitcoin will then become available for buyers to buy at the market rate. You can turn off your sell switch off at any time if you change your mind. When a buyer purchases some or all of your sell order, you will instantly be paid in fiat currency.

Unlike other peer to peer exchanges where sellers have to take an active role, with CoinsFast your Bitcoin will be sold while you get on with the rest of your life.

If you are a buyer, simply decide how much Bitcoin you want, then click “buy”. You’ll immediately be matched with a seller and your Bitcoin will be automatically released once the transaction has been confirmed by the buyer’s bank.

CoinsFast incorporates the best of both worlds

We bring the convenience and user-friendly layout of a centralized crypto exchange to the privacy of a decentralized exchange. With CoinsFast — just like on a centralized exchange — you will see one price, one buy button, and be able to receive your Bitcoin instantly. Unlike centralized exchanges, however, the funds are transferred privately in a matter of seconds, directly from the buyer’s account to the seller’s account.

This is something that no other exchange currently offers.

Ultimately, CoinsFast aims to bring Bitcoin transactions back to their decentralized origins: safely, securely, and with industry-leading speed and scale.

And we have more good news: if you sign up today, you pay 0% fees for your first month with Coinsfast! Together let’s bring Bitcoin transactions back to the original crypto dream of transparency, security, and simplicity.

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