BitcoinFundi Latest Updates
As of writing, the domain bitcoinfundi.com is for sale. Early in 2018, the exchange rebranded itself to the Golix exchange. However, the Golix Exchange has also ceased its operations.
BitcoinFundi is Bitcoin exchange Zimbabwe – It is a platform for buying and selling of Bitcoins which made Buy trading of Bitcoin in Zimbabwe easy.
This platform is the product of Bitfinance, a company that takes care of Bitcoin infrastructure in Africa. Verengai Mabika and Tawanda Kembo started Bitfinance.It can be rightly said that BitcoinFundi is the product of Bitfinance, which was launched for several reasons.
This platform was launched for several reasons. Firstly, they wanted to circulate money universally using this new technology. The cost of transactions is also lowered. Secondly, they wanted to encourage people towards online payments.
Firstly, they wanted to circulate money universally using this new technology. The cost of transactions is also lowered. Secondly, they wanted to encourage people towards online payments. Bitfinance, founded by Verengai Mabika and Tawanda Kembo, is a company that takes care of Bitcoin infrastructure in Africa. Though BitcoinFundi operates in Zimbabwe.
Security at BitcoinFundi
The most important aspect of any digital currency platform is to provide security. The servers have to be secure so that the online money present in the hot wallet could be saved from any cyber crime or eliminate the risk of volatility.
Thus, keeping the above in mind, BitcoinFundi has the feature of Two-factor authentication (2fa). Under this feature, the user has to download the Google authenticator and scan the QR code of his BitcoinFundi account. Once the two accounts a synced, the 2fa becomes active. Therefore, every time the user tries to log in, a 6-digit code would go to the registered mobile number.
This platform also provides the API tokens to the users. BitcoinFundi has another added security through Bitgo. Bitgo is a company that provides security to Blockchain. Thus, wallets in BitcoinFundi work on the multi-signature process. To approve every transaction, more than two signatures are required.
BitcoinFundi has Mixed Panel incorporated in its application which tracks all the interactions that may occur on website or mobile. It develops an analytics and helps in targeted communication.
How to register a new account on BitcoinFundi?
In order to register a new account on BitcoinFundi, log on to www.Bitcoinfundi.com. Click on the tab “ Signup”. The signup process is very simple and easy to understand. Simply enter the details as required such as Email ID and generate a new password. The password has to be minimum 6 characters and should contain an upper case, a lower case, and a letter.
There are three levels of verification on BitcoinFundi. First is email verification. A mail from the support team goes to the user’s registered email ID for account activation. The verification link is active only for 30 minutes thus, it is important to verify it in the given timeline.
The second level of verification is mobile verification and the third level is Identity verification. These are essential so that a user can increase the limit of transactions. Once all the three verification parameters are met, the user’s profile is complete and ready to trade.
How to buy/ sell on BitcoinFundi?
A user can click on the tab ”buy/sell”. The only order type is limit order. The user can enter the amount for which he wants to buy or sell Bitcoins. The current market price for both buying and selling is also available. The user can check the bid price in real time and 24-hour trading volume. There are various trading pairs such as BTC/USD, LASH/USD and LTC/UTC. There is an order book of the recent most transactions that occurred on the platform.
How to deposit Bitcoins?
There are three wallet options available i.e. USD, Bitcoin and ZAR wallet. There are in total three payment networks Eco cash, stellar network and bank. For a Bitcoin deposit, the user can click on Bitcoin wallet and then click send. The user can then click on the BTC link. If the user is using a mobile phone he can simply scan the QR code, if it’s a desktop, simply the user can copy the link. Then paste the address in the given option.
BitcoinFundi is a Bitcoin exchange in Zimbabwe. It is a platform for buying and selling Bitcoins which made Buying/trading of Bitcoin in Zimbabwe easy.
The exchange rebranded itself to Golix exchange in early 2018. So bitcoinfundi.com domain is not operational.
The exchange has ceased its operations after an exit scam. Early Nov 2019, the news circulated in media that Golix CEO fled with the password to the exchange. As a result, the users deposit have been stuck.