Cryptosmart, a 100% Italian exchange (members, company and regulation) has the objective of allowing both professionals and common people who are just starting out in the world of cryptocurrencies to buy, sell and deposit Bitcoin, Ethereum, cryptocurrencies, tokens and digital assets.
“As entrepreneurs living in Italy, we realized that there is a lack of access to cryptocurrencies and digital assets in the country, especially for ordinary people,” the founders explain. “Finance, to be truly democratic, must be easy to understand and inexpensive. These are the pillars of Cryptosmart. We started with the exchange service, but our goal is to enable everyone to use cryptocurrencies in the real economy”.
Cryptosmart’s exchange service
There are several services available on Cryptosmart’s crypto exchange platform. All with total independence and autonomy, as there are no intermediaries and no one is pushing to sell products or advertise.
First of all, the platform offers the Exchange service: a system that allows its customers to buy, sell, deposit cryptocurrencies or other digital assets without intermediaries. The customer – who has total independence and autonomy – can buy cryptocurrencies and digital assets such as Bitcoin, Ethereum, Dogecoin, Cardano, Polkadot and Litecoin through a simple bank transfer and also move cryptocurrencies already in his possession from another platform or account to Cryptosmart.
The CSpay service
Cryptosmart also facilitates the emergence of a new ecosystem for the use of cryptocurrencies in the real economy by replacing cash or any other currency: companies can send and receive peer-to-peer cryptocurrency payments, quickly and without intermediaries.
It is a service for companies that want to increase their turnover by offering their customers the possibility to pay using cryptocurrency, which is already very popular in developed countries. In a short time more and more companies will accept payment in cryptocurrency for their products and services. CSpay also allows companies to instantly convert the received cryptocurrency into Euros upon receipt of payment in Bitcoin and other cryptocurrencies, thus cashing in Euros what the customer has paid with their cryptocurrencies, eliminating the risk related to the volatility of the cryptocurrency’s exchange rate.
The staking service
The staking service allows Cryptosmart users to provide their cryptocurrencies to participate in the Proof of Stake mechanism used by the blockchain network to validate transactions and register a “new block”. Cryptosmart users will then receive a reward from this activity.
Staking offers all owners of a Cryptosmart Wallet the opportunity to increase their cryptocurrencies “automatically” by simply staking even a small part of their crypto wallet.
The benefits are visible every week and the reward varies depending on the type of cryptocurrency and the amount of it used for staking. In general, the estimated annual amount of new crypto received varies from 4% to 12%. The end user is always free to change the use of the cryptocurrencies used for staking while respecting Cryptosmart’s terms of service.
The CSMarket service
Cryptosmart has its eyes on the future and has implemented the innovative CSMarket service: for the first time in Italy, cryptocurrencies can be used in the real economy. It is possible to buy digital Gift Cards of the best Italian retail brands, from electronics to clothing, without any intermediation by paying in Bitcoin.