Echain is a cryptocurrency buying and selling platform. It enables users to create their cryptocurrency offers at their market rate. It supports swapping, transfers of cryptocurrency from their wallets. Echain currently supports ten cryptocurrencies such as BTC, LTC, BCH, ETH, LINK, DOT, ADA, XLM, XRP, USDT. Users don't really need to buy offers to get cryptocurrencies, it can also be done by just funding your wallet. Payment services such as Paystack, Flutterwave, Paypal, and Stripe was integrated to make purchasing of offers very easy. It runs on the latest version of laravel so we guarantee security is no issue. We are doing continuous improvements to make it more stable in the long run.
Bitcoin - BTC
Litecoin - LTC
Bitcoin Cash - BCH
Ethereum - ETH
Chainlink - LINK
Polkadot - DOT
Cardano - ADA
Ripple - XRP
Stellar - XLM
Tether - USDT
Echain uses coingecko API to provide real-time cryptocurrency prices. Cryptocurrency prices are updated every 10 minutes to reduce the call on API and increase website speed. The option is available for the admin to disable or enable any cryptocurrency. Admin is required to provide wallet address for every active coin, for funding of cryptocurrency wallet for users. Deposit charge, minimum deposit, swap charge, and minimum swap for each cryptocurrency can be edited.
All Purchase Method requires a charge except account balance. Use Deposit Methods that accept the currency your platform uses. For example, gateways like paystack won't accept USD, so if you use USD as the default currency, Paystack won't work with that. Do know that these payment gateways are just for purchasing offers. For gateways that fail to send IPN(instant payment notification), we have added a manual confirmation and decline transaction option in the payment log via the admin panel
How features work
Admin is required to provide wallet address for every active coin, for funding of cryptocurrency wallet for users. Deposit charge and minimum deposit for each cryptocurrency can be edited.
Users can transfer cryptocurrencies to other users within the platform, with a registered email address. Transfers are processed with charges that are configured by the admin.
Users can swap cryptocurrencies for any other cryptocurrency. Transactions are processed with charges that are configured by the admin.
Users can create offers to sell their cryptocurrency in their wallets at their price. Admin earns a cut from each sale. This charge can be edited from admin settings.
There are two types of payouts; sale and cryptocurrency payout. Sale payout is money created from selling offers. It's paid directly to a user's bank account with charges. Cryptocurrency payout deals with the withdrawal of coins from the wallet or termination of the wallet. It's paid to the user's external wallet with charges.
KYC (know your customer), echain comes with KYC built with three types of verifications, such as National ID, Driver License, International Passport, and Voters Card. If KYC restriction is enabled, it will be compulsory on registration.
Two-factor authentication is a method for protecting your web account. When it is activated, you need to enter not only your password but also a code. You can receive this code in the mobile app. Even if a third person finds your password, they can't access that code.