Soon to launch Melbourne, Australia-based cryptocurrency exchange Blockbid has provided an update today regarding the launch of its beta product. If everything goes as planned, following completion of the beta program, Blockbid will then launch its live exchange, which will include more trading features, more coins, and additional fiat currencies.

The official launch of the early access beta is currently scheduled to take place on April 16th, 2018. The testing will be split into two phases:

Phase 1: Major cryptos, fiat trading, exchange and security testing

Phase 2: Additional coins to be added. Currently undertaking due diligence on the coins listed below for inclusion in phase 2 of Blockbid’s beta.

Beta Features:

Due diligence of additional coins to be listed in phase 2 of beta

Fiat trading

No withdrawal fees

No transaction fees

Unlimited deposits and withdrawals (pending KYC completion)

Coin Listings:

Phase 1:

Cryptos: Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (BCG), Litecoin (LTC), Ripple (XRP)

Fiats: USD, AUD, JPY, Euro

Phase 2:

Additional cryptos currently undergoing due diligence for beta listing:

Ethereum (ETH), Dash (DASH), NEM (XEM), Digibyte (DGB), Nano (NANO), Bytecoin (BCN), Nexus (NXS), Iconomi (ICN), Cajutel (CAJ), Jetcoin (JET), ASTRcoin (ASTR), Fincoin (FTB), Trezarcoin (TZC), Unify (UNIFY), LanaCoin (LANA), TajCoin (TAJ), I/O Coin (IOC), NETKO (NETKO), Fujicoin (FJC), Unitus (UIS), Bitether (BTR), Decision Token (HST), DNotes (NOTE)

Market Pairs:

Blockbid will be making a separate announcement in the coming weeks with the official list of market pairs that will be available during beta testing.

Additional Information:

Minimum fiat deposit is $100 AUD

Minimum coin deposit is 0.1

Withdrawals will incur standard blockchain fee for that coin

Any international fees are incurred are at the cost of the user (e.g. withdrawing USD to a US bank account) — no additional fees charged by Blockbid