By Max - Cryptocurrency Consultant - 01/12/2021
Cryptocurrency trading platform, Polkadex, has recently announced that it will be moving its native crypto-asset, PDEX, to a substrate. Polkadex is a crypto exchange that uses decentralised blockchain technology and a peer-to-peer consensus mechanism. Polkadex aims to merge the non-custodial formatting from Decentralised Exchanges (DEX) with the user-friendly structure of Centralised Exchanges (CEX). The exchange provides zero fee costs, a KYC system with high security, and a native launchpad. The platform’s native launchpad, “PolkaDO”, allows users to have a better experience when buying cryptocurrency, trading, and general investing. The popular orderbook-based exchange platform is reportedly shifting PDEX away from ERC-20 and moving it to Gate.io.
Gate.io is a blockchain framework used to create and customise other blockchains, this is also referred to as a substrate. The migrating PDEX token was initially constructed and built on the Ethereum (ETH) network as an ERC-20 token. However, the build on Ethereum had always been a temporary solution as Polkadex was still under testnet. Users of the cryptocurrency exchange platform have until the end of the first quarter of 2022 to also move to the native chain. When the time limit expires, the ERC-20 version of PDEX will be entirely decommissioned, including the tokens within investors crypto coin storages. Reportedly, the earlier investors move to the native chain, the greater the benefits will be.
If you are looking to Buy cryptocurrency or cash out crypto, you can head over to BC Bitcoin where you can safely invest today.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards