Launched in March 2019, XanPool is the world’s first automated Peer-to-Peer (P2P) Crypto to Fiat platform. This P2P Crypto To Fiat Platform is also otherwise known as “a fiat gateway”. XanPool instantly executes & settles transactions without taking custody of customers’ funds. Providing an omnichannel solution, XanPool makes the onboarding and offboarding in crypto much smoother & user-friendly. In November 2019, XanPool expanded its automated P2P gateway services to India, Malaysia, Indonesia, and Vietnam.
Before we start, let’s first take a look at the main person behind XanPool.
Jeffery, CEO of XanPool, is a System Engineer and Project Manager both by training and heart. He has been a HODLer since 2013. His experience in the management of several successful startups and multinationals like Snapask, HSBC, etc. adds to his credibility and makes him a strong face of the company.
Now let’s dive into the in-depth review of Xanpool. Is the platform right for you? If yes, how does it work, how to use it, is it safe, what payment methods are accepted, what are the fees, what jurisdictions and fiat are supported? All are answered below.
I. How does XanPool work?
The platform works with local market makers in order to automate their cryptocurrency market making using local payment methods. This enables customers to buy & sell cryptocurrencies at local rates, instantly without custody risk and with the most convenient payment methods.
The seamless fiat gateway of XanPool is packaged into an API that cryptocurrency exchanges, wallets, and other platforms are able to integrate with so that their users are able to easily buy and sell cryptocurrencies.
XanPool lets users within Hong Kong, India, Indonesia, Malaysia, Philippines, Thailand, Singapore, and Vietnam buy cryptocurrencies with various e-payment methods and with the tokens being directly delivered to their wallets.
II. Creating an Account on XanPool
It is quite simple to Sign Up on XanPool. There are a couple of things to remember while signing up on XanPool. Here is a 4-step Sign-up process:
- Visit the homepage and click on the Sign-Up Button
2. Once you click on the sign-up button, a sign-up form popup will be triggered. Fill in all the details and click on the “Sign Up” button and you’re done. However, remember by signing-up you will automatically be agreeing to their terms of service.
II.I. Profile Verification: How To Verify KYC on XanPool?
1. Proceed with verifying your account
After you sign-up, XanPool’s dashboard will open. Click on “Verify Account” to proceed with the KYC Process. Short of time? Don’t worry, it takes less than 5 minutes and is a quick process.
2. Fill in your personal details to proceed
On clicking ‘’Verify account’’, you will be redirected to another page with the below details to be added. Now update your address, phone number, and upload a proof of identity. Refer…