BPX is a platform service, operated by Byte Power X Pty Ltd ACN 624 458 108 and its associated entities (BytePowerX), enabling its users to exchange their local currency to Cryptocurrency and vice versa by way of trades carried out between users. The service allows users to set up trades by posting advertisements where they state the exchange rate, payment method(s) and other terms for buying or selling Cryptocurrency. Other users can then reply to these advertisements and the parties can agree to meet to buy Cryptocurrency with cash, or trade directly with online banking or any another available method. In order for a user to sell Cryptocurrency he or she (seller) must store the Cryptocurrency in a web wallet from where the Cryptocurrency is transferred to the user purchasing the Cryptocurrency (buyer) upon confirmation of the receipt of the trade price by the seller.
BPG Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
