Dacxi Review By Benzinga

1 Minute Review

Dacxi is a crypto-wealth platform that offers investors access to crypto assets. Founded in 2017, Dacxi is expanding globally, with the largest customer base currently in the UK and Australia.

Investors are offered the major ‘investable’ cryptocurrencies like Bitcoin and Ethereum in curated portfolio ‘bundles’ that take the concern out of asset selection. Coins are held individually allowing for further investments. Tokenised precious metals are offered in a bundle as a convenient inflation hedge for prudent investors.

New investors will appreciate the streamlined interface of Dacxi’s web-based offering. Dacxi users also have access to easy-to-use, fully secure wallets to store their tokens insured by a world-leading institutional custody service.

The Dacxi Wealth System provides the specialist education, information, inspiration and support, wealth-builders need to succeed in the turbulent world of crypto assets. This system is different for crypto traders or short-term speculators.

Best For

• Wealth builders looking to diversify into the high growth crypto-asset market want a platform designed for their specific needs
• New investors who are looking for a simple, easy-to-use service.
• Wealth builders wanting a highly secure regulated platform

Pros

• A straightforward interface
• Cryptocurrency assets are stored and insured by Bitgo, the world-leading institutional custody service
• Selected major cryptocurrencies, including Bitcoin and Ethereum
• A tokenized precious metals bundle of gold, silver and platinum.
• Free access to premium educational content on Dacxi Learn
• The most comprehensive live webinar education service

Cons

• This is not an exchange for traders
• Only carries the leading cryptocurrencies. If you’re seeking new, obscure, or high-risk tokens, another exchange may be better suited to your needs

Dacxi is the pioneer of crypto platforms designed for people interested in building their wealth over time, who want to buy and hold for the long term, and who want to know that their funds are held in a secure environment.

The cryptocurrency industry, like most new industries, has had its fair share of scams that avoid government regulations. However, Dacxi encourages tighter industry regulations to help protect investors. Dacxi operates under a European Union crypto exchange license, Australian AUSTRAC AML, New Zealand FSP, and under UK FMA AML compliance. Dacxi launched the UK’s first FCA compliant ISA and pension products in 2021, which the FCA fully regulated. The company has many Australian SMSF clients with specialist support.

Is Dacxi Safe?

Dacxi is one of the few exchanges backed by a world-leading institutional custody service, Bitgo. Bitgo provides insured cold storage coin custody to help protect investors. Dacxi works with leading security companies like Chainanalysis to ensure maximum platform security.

Dacxi Usability

Dacxi’s offering provides a solution for investors looking to build their long-term wealth. Here are some of the features you’ll be able to take advantage of when you choose Dacxi as your cryptocurrency broker:

• A simple web exchange platform.
• A straightforward and intuitive web platform making it easy to buy and sell cryptocurrencies in minutes.
• Dacxi’s desktop interface is clean and attractive and doesn’t add unnecessary clutter.
• There are no complex day trader charts and derivatives instruments that only confuse new investors.
• Dacxi’s web-based platform offers straightforward order placement and an easy-to-navigate interface.
• Comprehensive transaction histories.

In addition to those features, you can quickly review your Dacxi account basics, history and transactions, and download a complete list of your transaction history, which can significantly benefit you during tax time.

Dacxi uses two-factor authentication (2FA) via the Google Authenticator app and follows rigorous “Know Your Customer” criteria for new clients. Dacxi requires identification verification from all users via government-issued photo ID.

The company offers direct bank transfers but does not offer credit card services as the company is a ‘wealth’ business, not a speculation platform.

Dacxi Product Offering

Dacxi focuses on long-term wealth management. It doesn’t offer many highly speculative coins. Instead, it specializes in the major coins that have the highest liquidity. Dacxi helps you access the most popular cryptocurrencies, including:

• Bitcoin (BTC)
• Ethereum (ETH)
• Litecoin (LTC)
• Bitcoin Cash (BCH)
• Chainlink (LINK)
• Stellar (XLM)
• Polkadot (DOT)

Dacxi also offers the investor the opportunity to invest in tokenized gold, silver or platinum, which provides an easy way to diversify your portfolio. Dacxi will add more coins as they meet Dacxi’s investment criteria.

No Dacxi account? No worries — you can quickly create your free account. Opening an account takes about two minutes for most users, and you can place your first order as soon as your account is verified. Dacxi employs high-level security standards providing you with peace of mind.

Read the full review: https://www.benzinga.com/money/dacxi-review/