247exchange

247exchange is an exchange which facilitates buying cryptocurrency via fiat currency. 247exchange is operated by InterMoney Exchange. The exchange currently supports Bitcoin, Litecoin, Ethereum, and Peercoin. The exchange is currently buy-only and supports are far less number of cryptocurrencies than most exchanges. One of the key selling points is that users can purchase cryptocurrencies via their credit card which means they can purchase in their local currency. There are a number of other ways users can purchase also including bank transfers and SEPA payments. Users need to verify their address and phone number to complete the exchange. Funds are immediately transferred to users wallet and are not held on 247exchange removing any custodial risk. There are strict limits in place on how much can be purchased based on the amount of verification complete. The highest tier of verification enables $3,000 to be purchased over 24 hours and $30,000 to be purchased over the space of one month. This will remove some of the biggest traders from using this exchange.

247exchange is currently seeking investment. A pinned tweet on their Twitter page publicises that they are currently looking for an angel investor. This may raise some concerns over cash flow issues.