Singapore Startup Launches Exchange to Combine Tokens and Fiat Transactions

Singapore-based startup Cryptology is aiming to make crypto transactions simpler and cheaper by building a "Next generation" cryptocurrency exchange, which would be among the few that combine crypto and fiat transactions on a user-friendly platform, and offers the additional option of a mobile app.

The company also expects to have an edge over rivals by partnering with a payment system that will help seamlessly integrate fiat and crypto transactions and lower fees for users.

The company says that the web version of the platform is comfortable to use and "Absolutely intuitive." All the trading operations are "Secure and easy to carry out both for experts and newbies." Verification is quick with support team available 24/7. The startup has also focused on developing a mobile app, seeing it as a platform of choice in today's era.

According to Cryptology, the app can ensure verification of bank cards in 30 seconds, allowing users to top up their wallets and start trading in mere minutes.

Cryptology has support for Visa and MasterCard for fiat transactions.

The company plans to add a number of other methods of converting from fiat to crypto and vice versa.

Among fiat currencies, Cryptology transacts U.S. dollars and euros.

Three verification levels for usersCryptology has established three verification levels for investors, complying with Know Your Customer procedures in various countries.

Currently, users need to be verified in order to deposit fiat.

The minimum order size is $0.01 of fiat currency or the equivalent of $0.01 in cryptocurrency.