Blockbid will on 28th September launch a live trading platform that will allow users to exchange most cryptocurrencies. And on 19th September, it will carry out a Beta launch during which users can trade freely with no transaction costs.

“Those that partake will be able to take advantage of trading with no fees at all, as well as unlimited deposits and withdrawals,” a press release reads. “Blockbid will be the crypto exchange with the most crypto tokens available to trade, as well as the largest variety of fiat pairs.”

The final phase

In the final phase of the Beta testing users will be able to trade Bitcoin, Ethereum, Litecoin, Ripple (XRP), Bitcoin Cash and Blockbid’s token BID. Initially, traders will be able to use the Australian and US dollars as well as the Euro and Japanese yen. After this phase ends, additional fiat and cryptocurrencies will be added to the platform.

We have a licence

Blockbid is the third crypto exchange to be licenced by the Australian financial regulatory body Austrac. COO, David Sapper, COO, says: “The next (and final) phase of Beta testing is designed to stress test and fine tune the Blockbid exchange. We greatly appreciate our community’s patience during this testing process and invite them to participate and share their feedback. As we will be putting the platform through its paces and pushing it to it’s limits, we are doing our best to keep any downtime to a minimum.”

“However, we believe that in order to truly understand Blockbid’s capabilities, we have to explore its full capacity, and therefore might experience some teething issues (we’re only human, right?). As such, we are offering free trading as a way to say thank you to our users for bearing with us during this testing process and helping us make Blockbid the greatest exchange we could ever imagine.”