New Crypto Exchange BITMAX Is Live In Japan

LVC Corporation (“LVC”), a subsidiary of LINE Corporation (“LINE”), and an operator of cryptocurrency & blockchain-based businesses of LINE have made an announcement related to a crypto exchange called BITMAX on September 17, 2019.

The exchange went live on September 17 for the Japan-based market. The availability of BITMAX services is in stages since 3 pm (GMT+9) on September 17. Android users can use the services at first. 81 million MAU in Japan alone use the LINE app. They can use the Wallet tab on the LINE app to access the services.

Users can trade five types of cryptocurrencies [Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), and Litecoin (LTC)]. BITMAX is a simple and secure cryptocurrency exchange. Beginners can easily use BITMAX. Different and unique financial services are developed and delivered by LINE so that customers can have more accessibility to money. The Singapore-based subsidiary LINE Tech Plus PTE. LTD. of the company operates a cryptocurrency exchange called BITBOX in order to contribute to these efforts. LVC is now a registered cryptocurrency exchange with the help of the Payment Services Act of Japan.

A secure & stable trading service, Links with LINE Pay & LINE’s mobile money transfer & payment service, and Having easy accessibility with the LINE app are the three features of the crypto exchange BITMAX.

Customers can buy and sell cryptocurrency with the help of the legal tender. They have to fulfill the requirements with the purpose to open a new account on the crypto exchange BITMAX. A LINE account is required. People between 20–74 years old are a must. They have to be the domicile of Japan. Users have to open the Wallet tab in the LINE app and tap on the BITMAX icon. They have to register their information and verify their account, but they have to agree on the terms of use at the first. The trading will be possible only after the completion of the screening of submitted identity documents by LINE. Linking of a bank account and submitting of a form of ID, LINE Pay eKYC, or by post are the three ways to verify their identity, LINE Corporation reported.

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