TxQuick is a safe crypto-to-crypto exchange headquartered in Kelowna, BC. Tx is an abbreviation that stands for a transaction, while TxID is a core component of all blockchain transactions enabling senders and receivers tracking transactions to be confirmed on the blockchain. Hence comes the name of the project, the cryptocurrency exchange platform that was founded in British Columbia, Canada, in 2017 by a highly qualified blockchain specialist Ethan Burnside and a businessman Dave Coombs.
On January 10, 2019, it was added to the ecosystem of CyberMiles. This is a supernode from CyberMiles DPoS blockchain with approximately 16 million CMTs. CyberMiles is a decentralized blockchain protocol designed and optimized for online marketplaces by 5xlab in 2017. The blockchain protocol uses innovative smart business contract modules to alleviate the process of transactions thus making them simple, effective, and transparent.
The goal of the team is to create the most trustworthy blockchain trading platform ever. The developers of the resource assure that they have profound expertise to make it a reality.
The founder of the company Ethan Burnside always criticizes the unacceptable approach of the top exchanges when the platforms request documents only when traders try to withdraw their funds. He also exposes the practices making the trading process inconvenient for users. The traders often face issues that are easy to fix. These issues refer to minimum size restrictions and incapability to trade the remaining balance. In his opinion, a legitimate exchange shouldn’t allow anything of the kind. All these things were taken into consideration when the TxQuick platform was developed. The exchange practices only fair attitude to their customers and absolute transparency without hidden fees or tricks.
The team has made an accent on simplicity, therefore they have created a one-click trade interface for retail investors. There is also an enterprise platform for institutional investors. The main principles include integrity, transparency, innovation, and openness. TxQuick is known for the design decisions made in favor of customer’s security or ease of use.
TxQuick is founded on the basis of CyberMiles protocol that presents highly customized solutions for e-commerce companies. The system enables fast deployment for business use cases. The company is committed to the protection of personal information shared by users. It adheres to the best security practices in its work. This is a no-KYC exchange that doesn’t require identity verification from its users.
The website of the service has a simple interface with a system that easily computes all your expenses as you trade. Everything is clearly seen from the first to the last stage of the transaction. The process of exchange is incredibly simple. A user should choose a trading pair, enter refund and destination proceeds addresses, enter an email address, and a name. After confirmation of the transaction sent to users’ email addresses, users can execute a deposit through a favorite wallet software. It’s possible to exchange Tether USD, Bitcoin, Monero, Ripple, and Ethereum.
The exchange has a referral program that doesn’t require any special sign-up. A referral ID and a personal link appear at the bottom of the finalized trade summary page. The referrals and credit are tracked on a monthly basis with a percentage of the trades processed.
TxQuick provides users with personal online wallets. Like all other products of the company, it demonstrates the transparency of the exchange. Users can select the type of wallet to store digital assets. The holders of the wallet can also see a number of total withdrawals, total deposits, 24-hour withdrawals, and average withdrawal fees that give them the opportunity to make better trading decisions.
The platform has adopted a well-known, reliable, and secure API providing necessary data in English and Chinese languages. In this way, the company uses Binance API for trading and the Nomics API for Basic Market Data instead of continued support for existing API.
Much attention is paid to the choice of staff working for the company. All of them are highly experienced specialists in a wide variety of industries and this contributes to the success of the platform.
The founder and lead developer of the TxQuick Ethan Burnside who founded BTC Trading Corp in 2012, thinks that people are too obsessed with technologies behind the exchange, but skip other important factors such as morality. It’s worth mentioning that his company had to return 250 million USD deposits when he had to close the platform, so one may say that he keeps true to his words.
David Coombs is a co-founder and chairman of the project, who previously worked in the sphere of real estate development and business ventures. He is also a former CEO and President of Assured Software, the company focusing on business operations software for the restoration industry.
Darrell Snow, CTO, has a wide experience having worked in different areas. Apart from other notable positions, he worked as Director of Technology at Razorfish, Software Engineering Development Manager for Microsoft, and as a Technical Architect at Starbucks.
Other key figures include Paul Winckers, CFO, Rick Lambrick, director and marketing advisor, and Sylvia Lee, who is in charge of global compliance.