Beginner’s Guide to Pooldax: Complete Review

by Martin B. · April 2, 2018

Pooldax is a peer-to-peer cryptocurrency exchange, which is a marketplace where users can buy and sell Bitcoins to and from each other. Users, or traders, can create an advertisement with the price and the payment method they want to offer. You will find more than 70 different payment methods available for trading Bitcoins. You can browse our website for trading an advertisement or searching for a payment method you prefer.

Pooldax Login & Signup

Pooldax works as an OTC marketplace and allows people to trade cryptocurrency such as Bitcoin, Ethereum, USDT directly. OTC stands for Over-the-counter. It was initially a term used to describe stocks traded over a dealer than a centralized exchange. In this context, it used in the sense of the financial instruments that exchanged between cryptocurrency and fiat in the secondary market. The impacts are that the trades could be private away from the participants and observers in the open market.

Pooldax allows members to have a wide variety of searches, either seller location or payment methods. Users can search for cryptocurrency sellers and buyers in their area.

Buy BTC / ETH / USDT with Pooldax OTC. Users can toggle the select box to fastly filter BUY or SELL BTC / ETH / USDT posts.

This is the main OTC interface, where you can search for classified deas. Users can view the reputation or trading history of each vendor and also communicate with the seller directly, in case that they want to discuss any relevant issues. In order to participate in a transaction, verification of your identity may not be required, depending on the vendor. Users can start the trade by clicking on the “Buy BTC” button.

Before complete the purchase of cryptocurrency (Bitcoin, ETH, and USDT). At this point, it’s necessary to confirm the amount you would like to buy; the system will convert it into Bitcoin, the purchase value must be within the time limit. Click “Send trade request” to make an order.

Payment Methods

Pooldax allows buyers and sellers to transact via a wide range of payment methods. These include:

Bank Transfer
Cash deposit
PayPal
Webmoney
Western Union
Wire transfer

The site also incorporates a number of features designed to help secure trading:

An Escrow Service : Escrow works by safely keeping user’s funds in a deposit account to protect both the buyer and the seller. The funds are released only after the vendor confirms that the exchange was done successfully.
Feedback Score : Each vendor has a ranking, given by other users, based on their activities. Additionally, the trader’s trading history and feedback ratings are accessible for everyone.
Customer Support – Pooldax’s support team is available to respond via email contact. There is also a forum on the website, where users can discuss issues or leave advice.
Conflict Resolution– When users face any issues, Pooldax provides a conflict resolution service via the customer support team. The team review cases and find a way to resolve any disagreements between buyers and sellers.
2 Factor Authentication– 2FA is to have an additional layer of protection against hackers. Users have a secondary PIN code, sent directly to their mobile phone, used for verifying their sign-in.

Pooldax Fees

Pooldax charges a commission of only 0.5%, which usually taken from the sellers (or individual who posted an advert). However, buyers on the site should be aware that Bitcoin prices are generally higher than anything on the mainstream centralized exchanges. The larger exchanges can generate revenue by charging commissions across all the trades on their platform. Nevertheless, as Pooldax runs a peer-to-peer marketplace, vendors often generate their revenue by slightly increase their selling prices. Vendors also run the risk of selling Bitcoin to individuals, that possible to initiate a chargeback (via PayPal), and as a result, rates are higher across the platform to mitigate this risk.

Pooldax Safe?

Pooldax is operating as a decentralized exchange, which is necessary for users to incorporate safety measures to ensure successful trades. While the site has developed a reputation as being a safe and trustworthy place to buy and sell Bitcoin, there is always the possibility of immoral vendors that work on our site. As a result, to avoid bad sellers or any possible scams.

Conclusion

Pooldax is a cryptocurrency trading website. At Pooldax.com, people from different countries can exchange their local currency (fiat) to cryptocurrency. The site allows users to post advertisements that state the exchange rate and payment methods for buying or selling cryptocurrency. You can reply to these advertisements and agree to meet the person to purchase cryptocurrency with cash or trade directly with online banking. Cryptocurrency that held in Pooldax wallet (PD wallet) will be paid to the buyer after payment completion is approved.

You are dealing with real humans in Pooldax. Unlike centralized, general crypto exchange, you make a trade directly with another person. It makes the process lean and fast. Trading process duration started from registering an account until having bitcoins in the wallet is just a few minutes. Furthermore, Pooldax can support almost every payment methods. For each transaction, Pooldax offers escrow to protect the buyer of cryptocurrency.

Pooldax focus on connecting the users from different parts of the world to the same community. We are expanding and desire to bring cryptocurrency exchange and monetary economy to every city in the world. We believe that cryptocurrency fundamentally changes how the financial world works. Saving your prosperity in cryptocurrency can avoid risks from political. This will be a turning point to enable more flourish, especially in developing countries.

Pooldax Co., Ltd. has registered in Malta in 2018. Our purpose is to raise the cryptocurrency economy. You can be our partners and help us by publicizing Pooldax website or inviting your friend to become a member of our platform. We are offering you the affiliate program, which means you will receive a reward up to 40% of advertisement fee each time your follower complete their trades.

How to use : https://www.youtube.com/watch?v=PRQeHzKaoR8

Register : https://www.pooldax.com/signup

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Martin B.

Ex-smoker, passionate vaper who loves to tell the world about the life-changing potential of vaping. Co-creator of Ecigclopedia with a background in Business & Finance. Prefers a dessert flavored vape and loves to innovate.