¿What is Lykke Exchange?.Advantage and Disasvantages of using it

¿What is Lykke Exchange?

Lykke Exchange is a centralized exchange platform created by Richard Olsen in Switzerland in 2013.

Also, this platform offers its users B2C AS B2B level financial products and services.

This platform has favorable conditions for its traders: zero fees, multiple trading pairs and the possibility of forex.

Likewise, Richard Olsen, known for having revolutionized forex data with his previous project – Oanda, founded Lykke Exchange and is the CEO.

This could be one of the reasons why Lykke offers so many fiat pairs and forex trading options on its cryptocurrency exchange.

Cryptocurrencies available

This platform is structured to allow users to buy, exchange and then sell currencies such as:

Bitcoin

Ethereum

Augur

0x

OmiseGO

Gnosis

EOS

How to create an account on Likke Exchange

Originating a Lykke account is very easy to do and here we will tell you step by step how to do it, so let’s get started.

The first step to perform is to install the application on your mobile device, remember that this app is available for Android and iOS devices, so you will not have a problem.

In the home tab, you will see two options which are: log in or register, for the purposes of this tutorial, we click on “Register” to continue.

Next, generate a password.

Complete your profile. Enter your full name, country or region of residence, and affiliation code (optional).

Likewise, enter your phone number.

Verify your phone number by means of an SMS, which will arrive at your phone number.

Perfect, your account has been created, enjoy it.

Advantages

It has zero fees.

Originated in Switzerland.

Easy to use.

Available for Android and iOS.

Disadvantages

They don’t have many fiat currencies to deposit, they only have the most used ones in Europe.

Liquidity, web terminal, security token trading, availability in other jurisdictions.