Lykke is a cryptocurrency exchange that was launched in 2015 and is based in Switzerland. It was formed by Richard Olsen, head of leading online forex broker OANDA. Lykke gives users the abilities to trade a number of cryptocurrencies with fiat currencies. The platform also offers a wallet that can be downloaded to smart phones.
Lykkes strength lies in its 0% comission and dedication to tight spreads. The exchange also provides immediate settlement and ownership of the digital assets. Lykke also issues its own token, Lykke Coin (LKK). The value of the coin is representative of a 1/100th share of the company itself.
With the Lykke trading platform, you will be able to buy and sell cryptocurrencies with 3 main types of currencies namely the U.S dollar, the Swiss Franc and with Bitcoin.
With these main currencies, you will be able to trade in a selection of other assets such forex, precious metals, cryptocurrencies and even shares in the company through its coin LKK.
One of Lykke’s key components is its wallet, which is available Google Play store and Apple App Store. To trade on the exchange, users must use this dedicated wallet.
One of the features of the Lykke wallet that puts it a cut above the rest of the cryptocurrency exchanges around the world is the fact that Lykke will issue you a signed refund if the exchange is compromised. With this pledge by Lykke, you will be able to get your money back within 2 weeks.
Another key difference between Lykke and other cryptocurrency exchanges is the fact Lykke does not charge any commissions or fees for its wallet. This means what you pay in terms of fees is essentially zero. Instead of collecting revenue through commissions or trading fees, Lykke’s business model is to make money by providing consulting services, market liquidity, and issuances services.
To abide by KYC protocols and AML legislation, Lykke requires its account holders to verify their identity and show proof of their residential address.
For extra security, Lykke has multi-sig wallets. These wallets require two signatures before any of the wallet funds can be spent.
Since its launched in 2015, Lykke has gone from strength to strength and has recieved many positive reviews from traders globally. The exchange offers new security standards and far more security processes than its competitors, setting it apartment from the competition.
Protecting Your Cryptocurrency And Staying Safe on Lykke
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