Recently, our representatives sat down with the team of LetsExchange, a user-friendly cryptocurrency exchange platform with fiat support and thriving blockchain ecosystem.
We discussed the ‘killing features’ of their product, promises and challenges of Web3 and some future plans. Let’s get right to it!
1. Tell us a little bit about LetsExchange: what’s the project about?
LetsExchange is an instant exchange service launched in March 2021. Now, it is one of the top crypto exchange platforms worldwide. LetsExchange supports over 2,250 cryptocurrencies, the largest number compared to any other instant exchange service. Besides crypto-to-crypto swaps, LetsExchange supports fiat-to-crypto transactions and features decentralized exchange (DEX) functionality. For these developments, LetsExchange was nominated for the “Crypto Exchange of the World” title at AIBC 2022, along with Binance, Huobi, and Crypto.com. Our ultimate goal is to make crypto swaps easily accessible to anyone from anywhere in the world.
2. What’s the story behind the project?
It is pretty straightforward. A team of crypto visionaries with more than ten years of experience in the blockchain space and fintech decided to create the best instant exchange platform for crypto users of all experience levels, from first-timers to seasoned traders. It was thought to be a one-stop multicurrency exchange service free of registration, limits, and complications. After some development and testing, the exchange platform was ready for release in March 2021.
3. Describe LetsExchange with 3 words.
Over! 2K! Cryptocurrencies!
4. What are the main features of LetsExchange?
LetsExchange stands out as the crypto exchange listing the largest number of digital coins and tokens for trading. At the moment, our platform supports over 2,200 cryptocurrencies. So, instant crypto-to-crypto swaps represent one of the main features of our platform. It is worthwhile noting that users do not need to register to swap cryptocurrencies on LetsExchange. Crypto-to-fiat and fiat-to-crypto transactions are also available, and our platform supports around 80 fiat currencies. Another important feature is the decentralized exchange (DEX) functionality, where users can swap cryptocurrencies without intermediaries. And last but not least, LetsExchange.io has a wide range of tools for those who want to earn on crypto affiliate programs.
5. The market of exchange services is saturated at the moment, and you manage to remain a top swap service. There should be fierce competition so you need to delineate your product from competitors. How do you compete?
LetsExchange has managed to stand out by offering the largest number of digital coins and tokens for trading. This feature is crucial for customers. We know that many users are constantly looking for the next cryptocurrency to “explode” and are eager to invest in new or hard-to-get cryptocurrencies. Another feature that defines our service is our customer support. Our team is available 24/7 to assist our customers with any issue. Most customers appreciate having someone who can lend a hand when needed.
6. What are the latest developments of the project? What are the plans?
In January we globally updated the partner exchange widget. It has become even more customizable to provide options to make it more comfortable for different communities and match the brand and business needs of our partners.
We plan to add a fiat widget to our website, improve the DEX widget's functionality, and add the DEX and cross-chain exchanges functionality to API.
7. Tell us about your most recent partnerships and upcoming collaborations
Besides our recent partnership with GetBlock, we have established cooperation with Telos in February. In this case, LetsExchange has listed Telos’ native cryptocurrency (TLOS) for trading. Reciprocally, Telos will recommend LetsExchange as a trusted platform for trading its TLOS coin. There are several upcoming collaborations, but we cannot talk about them beforehand.
8. What’s the best thing about the LetsExchange user community?
Their commitment and supportiveness. For example, our community voted for our platform to be nominated for the “Crypto Exchange of the World” title at AIBC 2022, one of the most prominent international conferences on blockchain technology.
9. Do you have any teasers you can drop for the community?
LetsExchange celebrates its birthday in March. We planned many activities for our users and partners on this occasion. In particular, by making exchanges, our users will be able to win up to 1000 USDT! And for our partners, we prepared special promotional codes that they can distribute in their communities.
10. When do you think we will finally have Web3 – the real one?
First, we have to develop the required infrastructure - a reliable, safe, and easy-to-use ecosystem accessible to ALL people. It will take time, probably, some years more at least. But we are working on it:)
11. What gave the inspiration to establish this company?
We have noticed that anonymity, one of the main priorities and benefits of the crypto world, is somehow deteriorating - the majority of platforms ask for so much data to exchange crypto that the anonymity level is 0. So why not? We have created a platform where everybody can exchange any sums without providing any personal data.
That’s it guys! Thank you for taking the time to participate in our AMA session.