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InsightsAnnouncements

LCX Announces Integration of LCX Pay

by LCX Team · July 23, 2024

LCX is happy to announce the official integration of LCX Pay, a peer-to-peer (P2P) payment functionality designed to enhance the LCX user experience within the LCX ecosystem.

Forget the hassle of traditional transfers. LCX users can now streamline crypto experience with LCX Pay, our new P2P payment solution. Send and receive funds instantly without any fee within the LCX ecosystem. Start exploring today!

LCX Pay: Simplifying Crypto Transactions

LCX Pay empowers LCX users to seamlessly send and receive various cryptocurrencies directly with one another. This innovative feature eliminates the common pain points associated with traditional crypto transactions, including:

  • Transaction Fees: LCX Pay facilitates completely free crypto transfers within the LCX platform.
  • Instant Transaction: Funds are delivered instantaneously to the recipient, eradicating any waiting periods.
  • Complex Addresses: There’s no need to decipher intricate wallet addresses. LCX Pay leverages the recipient’s LCX registered email address for a straightforward transfer process.

How to use LCX Pay? 

Initiating transactions through LCX Pay is a remarkably effortless process. Here’s a concise guide:

  1. Login to your LCX account.
  2. Visit LCX Wallet > Withdraw.
  3. Select the digital asset from the dropdown list that you intend to send.
  4. Select Network and choose “LCX pay”.
  5. Enter the receiver’s LCX registered email address under “LCX’s User E-mail”
  6. Enter the withdrawal amount and click on “Make transfer”.
  7. Once clicked on Make transfer, you are prompted to enter your Email OTP and 2FA code.
  8. Enter the required credentials and click on “Confirm withdraw”.
  9. Your withdrawal details will appear on screen and the funds will be sent at an instant with zero transaction fee.

Conclusion

LCX Pay represents a significant advancement in facilitating seamless and instantaneous crypto transactions within the LCX ecosystem. By eliminating transaction fees and delays, LCX Pay empowers users to experience a new era of streamlined crypto payments.

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LCX AG, Herrengasse 6, 9490 Vaduz, Liechtenstein, commercial register FL-0002.580.678-2. LCX AG has applied for authorisation as a crypto-asset service provider under MiCA (EU 2023/1114); the application is under review by the Financial Market Authority (FMA) Liechtenstein. LCX AG is not currently authorised under MiCA. LCX does not offer crypto-asset services to persons in the EEA pending authorisation; existing EEA clients are limited to withdrawals during the wind-down (see MiCA Notice). Crypto-assets involve significant risks, including total loss. LCX does not provide services to persons in the United Kingdom or the United States (Jurisdiction Notice).

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