I recall when I first start trading Crypto I started off using a local exchange at where I am from; They accepted Fiat so it was easy to get some Bitcoin (without an s) and start trading. However, as I got acquainted with how crypto worked and I started to circulate larger funds it was necessary to move to another exchange primarily because of the fees involved with the local exchange. They allowed fiat but on the other hand, it had high fees compared to many other exchanges. The other necessity was that I needed access to some coins and those coins did not exist in any exchange. I started to look around until I landed on four major exchanges with an amazing volume (then they were in the top 35 exchanges in daily volume in CMC) they also had a dynamic fee that changes as you trade, they also had one feature I love which is the stop loss and of course they had the coins I was looking for.

Moving on I was able to signup and start trading in one of those exchanges. It is not because I chose that exchange over the other three, no. Basically, it was the only one that allowed me to KYC and start trading quickly. Well, the other exchanges I chose also required a KYC. However, their KYC wasn't the smoothest. Let me explain, the exchange I started trading on approved my KYC within a day. The others took them somewhere between a month and three months just to reply to my ticket (I submit a ticket if the KYC took more than a day). It was frustrating because those exchanges had great prices and volume on different coins and I wanted in some profits. Too bad my applications took too long to approve. I got fed up waiting so I just gave up on the other exchanges and accepted that fate. To their defense, some replied back like a month or 2 months later and others did not bother. You see the KYC process was and is a tedious process; you can imagine the trouble of doing it on multiple exchanges.

The trouble does not end with the KYC. Given the Crypto nature that mandates having multiple accounts in different exchanges, you have to deal with each exchange differently and it is quite tedious. Take the login for example; with all the 2FA security measures, each time you need to log in you need your phone or the key generator beside you.

The other major problem I find quite horrendous is having to track the orders in different exchanges for the best price and best volume. I sometimes hoped there was a solution that allowed me to quickly access different exchanges with a single login and an easy view to track different prices in different exchanges without having to deal with all the KYC, logging in and tracking involved. Of course given that the solution is secure and private since we are talking about money here.

I think it was a sunny day when I came across this ICO that actually does this. I was like "Wait…they exist? Finally, someone thought of it." I know you are probably existed and want me to tell you who is solving the issues I described above. Okay, enough excitement; they are called Tap. From the whitepaper, it seems Tap is registered in Gibraltar under the name Tap N Go limited.







They put forth a solution which they called a one-stop shop. With one KYC you can access all major crypto exchanges and from a single application called TAP app. You simply sign up, KYC and start trading in any of the exchanges they support; You don't have to have accounts in different exchanges and certainly don't need to KYC in every single one of them. You just KYC once with TAP and that is it. The better part is that you can trade crypto or fiat. This allowed them to also introduce what is called the TAP card. The tap CARD is free with every new account opened on the platform and the CARD links to your account. The card could be used like any other ATM card.

Now, this would not be that effective if it was as expensive as the others. Surprisingly you can deposit FIAT to your TAP account for Free. You can then use that balance to buy any of the currencies supported without having to spend time learning how the platform functions. The platform charges up to 1.5% on each transaction, that fee can be lowered based on your activity and balance. TAP says that their users can complete their trades in less than 3 seconds and across any of the supported exchanges and using any of the supported currencies. This means that you don't have to convert a currency to the common pair say to ETH or BTC just to buy another currency you can directly buy that currency without having to go through that route.

Before I end this post; If you would like to know more about what they do I will be sharing a list of resources down below. The other thing to note is it starting to get attention as they have just started and have an app in private testing that according to the admins in telegram works with Kraken and Binance. The public release might happen in a month or so from now… We still did not get a confirmed date but my guess is that it is going to be somewhere around Dec. As always this is not an investment advise it is mere personal effort to describe a business.







Resources:

Website: http://www.tap.global/

WhitePaper: http://www.tap.global/whitepaper.pdf

Telegram: https://t.me/tapngoofficial

Twitter: https://twitter.com/tapofficial1

Reddit: https://www.reddit.com/r/TAP_Official/

Medium: https://medium.com/@tapngo.social

