The fall of the largest Bitcoin exchange back then rocked the Bitcoin ecosystem since it showed that even the giants in the industry can succumb to unprecedented situations. While this marred the integrity of online marketplaces, this gave rise to more Bitcoin exchanges that promise better services and security, such as the likes of Coin.mx.
Launched in October 2013, this trading platform has already gathered more than 30,000 members, and it enables the purchase of digital currencies like Bitcoin and Litecoin with the use of convenient methods.
I had the opportunity to talk with Anna Asset, a Coin.mx representative, to know more about its business and the general plans the company has set for the years to come.
Coin.mx is almost one year in the business. Could you tell me more about its business?
Coin.mx is a marketplace that allows users to buy and sell Bitcoin and other digital currencies instantly. We also provide ACH, Credit Card, Cash and Wire options to purchase coins. For withdrawing money we offer ACH and wire, we soon will be providing the ability to load a debit card.
Who made Coin.mx software, and does it also support mobile platforms aside from its web-based one?
Our own users that use the system created the software. Coin.mx is fully responsive. It works on all screen sizes, but we will be offering a phone app soon.
So far, what have been the challenges you face in operating this business and brand?
Fraud, Fraud, Fraud.
If you are talking to your potential customers right now, what would you say to encourage them to use your services?
We are currently opening up to international users. We have the most options for buying and selling coins. We also have 24/7 support and will have you set up within 10 minutes.
What are your plans for the rest of the year and even the company’s long-term agenda?
Just keep adding services. We are working on a debit card option for all of our users. Users will have the ability to utilize their BTC balance as if it was money in their bank account.
In your opinion, how much will cryptocurrency affect our lives in the future?
We think Cryptocurrency will have a great impact, but more than that, the technology that these cryptos are built on will spin off into other services of great value. Many people don’t realize that this is much larger then utilizing just for transfer of value. It will be used for storage, contracts, messaging and thousands of other uses.
Since Coin.mx is a venue where online bettors can exchange their money, what do you think of the rise of Bitcoin casino and gambling sites and Bitcoin in general?
We feel that individuals should have the freedom to do what they want with their own money. We feel that it gives the individual freedom of choice and we approve that.
That’s very good to hear. Well, thank you for your time, and may Coin.mx reach greater success.