DoshFX for Dummies
In the last couple of months, we’ve seen it all, together. From picket lines and shutdowns, honourable members doing not-so-honourable things, to hippies and their billions crashing because they did not understand how to meet ladies. It feels like we’ve been through it all. The best part is that this is just the beginning of our long journey together. We’ll admit, we’ve been a bit rude. We never got to properly introduce ourselves. It’s been like meeting a person you really connect with and forgetting to ask their name, and then meeting them again and now you can’t ask because… well… It’s just awkward. Let us clear the air and save you the embarrassment of having to. Welcome to this week’s Straightforward Chat: DoshFX for Dummies.
Our journey to this point has been an interesting one. We formally entered the South African market in November 2022. If you dare call us young, you might have a problem. We know how to fight. Honestly, this is not our first rodeo. We’ve had to morph ourselves a couple of times because we wanted to get things right. We listened, learned, cocooned, and metamorphosized into this beautiful being that we are today. So, who are we?
DoshFX, a centralized crypto exchange that allows users to invest in cryptocurrencies using their bank accounts and debit/credit cards. We make investing in digital assets easy, safer, and more secure. Our users get a fully secured crypto wallet thanks to a partnership we have with a leading global crypto custodian, making it safe for you to explore, buy and hold cryptocurrencies on our platforms. We exist to bridge the gap between traditional legacy finance and alternative finance options such as crypto. We’ve spent a lot of time trying to crack the code to make these other-worldly-sounding complex cryptocurrency concepts as simple as possible, for dummies like you and us. Our elixir was developing systems and platforms that give you the same sense of security and assurance you get when dealing with the traditional finance system while offering you access to the new, exciting but not so well understood world of blockchain technologies and cryptocurrencies. DoshFX was our Eureka.
Cracking the Code to Eureka
Do you know that feeling when you’re smiling at the world and it’s smiling back? Yeah, we don’t know it either, we are in the crypto business, and people love to hate us. But we know what it feels like to find a soulmate. When an EU-regulated CEX, disrupting the financial industry by bridging digital and traditional assets across the world met a pioneer providing financial solutions to the underbanked & informal sector in South Africa, with innovative tools and services that enable people to transform the way they manage finance using mobile technology, as they say, magic happened. That’s the story of the partnership between Digital Financial Exchange, better known as DIFX, and eZaga. The two future-forward companies merged philosophies, founders, and ideas to develop a new, improved, and visionary digital exchange company focused on revolutionizing access to alternative finance options for the African continent – DoshFX, the Eureka moment.
So, how does it work?
As we said, it’s very simple. Visit our website (in the comments) and register a new account. If you’ve been referred by one of our current users, enter the referral code. Once you’ve registered a new account, we will request you verify your contact details through an OTP system. Once verified, our website will prompt you to enter your KYC information. KYC (Know Your Customer) is the mandatory process financial services institutions must undergo to ensure their clients are whom they say they are. DoshFX, as a registered Financial Services Provider, adheres to this rule. This is to ensure that none of our users use our platform to transfer illicit funds, fund money laundering schemes, or terrorist groups. The safety and security of our platform and that of our users are paramount to our business.
Once your KYC information is verified, you can go ahead and fund your DoshFX wallet to start buying and selling digital assets. The minimum amount accepted by our platform is as little as R278 (price subject to change). Our website gives you crypto exchange prices in real-time. Our markets charts give you a full picture of the behaviour of the digital assets, in real-time. We offer a market analysis on our social media pages to keep you updated on the relevant events that shape the market.
Our services are also available on our apps, downloadable from the IOS App Store or Android’s Google Play Store, so you can always keep an eye on your investments, wherever you are.
Digital assets such as cryptocurrencies, are alternative digital value assets, kept in a decentralized global ledger, with their value not backed by any central authority. Our favourite of these, are cryptocurrencies. Cryptocurrencies give back the power to their users. Their value is backed by the holders of the currency and is not subject to the traditional flows of economic power. Our platforms allow our users to access these assets, and invest in them, in real time, using their bank accounts and/or credit and debit cards.
Is there more?
Of course, there’s more, we are DoshFX. Our commitment to your safety is the cornerstone of our business. We believe in the security of our platforms so much; we dare our users to prove us wrong. No, really! And we are willing to put our Dosh, where our mouth is. If you’re less of a dummy than the rest of us, and you believe you can find a chink in our armour, a vulnerability in our processes, or a fragility in our systems, we will pay you for pointing them out. Obviously, there are terms and conditions in place, such as you not using any supernatural powers or witchcraft to subvert our security. That just wouldn’t be fair. Otherwise, we feel like Thanos. If you think you can take us on, visit our website, find our Bug Bounty, go through our terms and conditions, and give it a go.
As if that wasn’t crazy enough, we are also putting out some never seen before features and functionalities on our platform. Our dev team really feels like Thanos, and so far, they are cutting it right down to the snap. When on our system, look for the swap functionality. Swap allows you to buy or sell cryptocurrencies at future prices. One of the greatest fears with crypto is losing all your money, in the blink of an eye. What if there was a safety net? Better yet, what if you were a Jedi market analyst or just a lucky novice who had a great sense for things? You could forecast the future price of a digital asset or predict a crash in asset value like nobody can. You always kicked yourself for why you never kept your eye on the market or why you did not invest in time. We have solved that problem for you. On DoshFx you can set an order to buy, or sell, your digital asset at a future preset price. When your asset reaches your forecasted price, the order automatically goes off. Superpower stuff. More exciting features are on the way, as we continually try to build the best digital asset exchange platform for you.
Not another crypto business. Why?
Because we are dummies and when people tell us things can’t be done, we dive right in. For far too long Africans have been sidelined in the progress of the world. We have been othered, excluded, shunned, and left behind to always chase the next thing the first world has discovered. We are tired of playing catch-up. For the record, we are the first world. We are your fathers. And so, we decided to flip the script, challenge the status quo, change the game, and build our own future. The world is moving towards a digital asset exchange system. Paper money is no longer serving its purpose. Legacy finance is cracking. All the big businesses in the world are now invested in digital assets. Why are you left behind? We refuse to sit on the sidelines again and watch our people lose the train only to jump on at the last station. We are building our own train, for you. While we are at it, we’ll take the station too.
We know that many first starters in crypto were shady. We know they made wild promises to get their hands on your hard-earned money. We’ve seen it. We’ve spoken about it. We hate them. And none of this will stop us from fulfilling our purpose of taking you, the forgotten, written-off, under-appreciated, and sidelined onboard on the journey to financial freedom. It’s risky, it’s scary, and man, sometimes we feel like we are probably too dummy to crack it. We wake up the next day and do it all over again. We’ve gotten better at it… That’s who we are – DoshFX, Your Straightforward, No BS, crypto partner. Always remember, investing in cryptocurrencies is risky, take precautions.
