“Shiftal has started taking the turn and soon would walk and then hopefully run.” – says Rishabh Jain, founder & CEO of Shiftal. With technology lifting all barriers in trading and finance, the past decade has been witnessing some massive contributions towards crypto trading from the founder and CEO of Shiftal, a P2P crypto exchange platform – Rishabh Jain.
A Bit of the Background
Rishabh Jain did his high schooling from a Military School. Later, after completing his undergraduate degree in Computer Applications, he took the very first step in realizing his dream to be an entrepreneur. He pursued his Master’s degree
in International Business at the University of Birmingham, United Kingdom. It is of no wonder that he is still a learner at heart. While recalling his first few steps into the world of cryptocurrencies as an amateur, Rishabh Jain says that the journey was no cakewalk and that he had to rely on the very few resources, courses, and study materials that were available. He also highlights that it was all thanks to trial and error that he got the knack for it.
Rishabh Jain’s First Victory
Though he came from a non-business family, Rishabh Jain was determined to be an entrepreneur. He realized that he cannot spend the rest of his life working for somebody. In the year 2019, the seeds were sown. He indulged in market research and analysis with the aim to create and launch a P2P Crypto Exchange. He successfully launched Shiftal in Europe as a registered company. The following year was even more exciting when Shiftal’s official website went live after successful real-world testing of its beta version. In just about 6 months, he marked his first achievement of making $300,000 through Crypto Trading.
Risk Mitigation and Management
The life of an entrepreneur can often be unpredictable and challenging. Being a cryptopreneur, Rishabh Jain had to face the people whom he describes as “industry experts with opinions based on tweets, rumors, or simply put, lack of understanding”. This stood as a major reason behind why Shiftal was bootstrapped at the inception stage. He says, “Never doubt yourself, never listen to someone who has a short-sighted approach, and never believe in what reels on Instagram tell you. Basic fact, if one would have invested $1000 in Bitcoin in 2011, they would be billionaires but the reality is they would have to wait for 11 years to see that happen.” Later, as Shiftal grew, investors pitched in, seeing the whitepaper. He also collaborated and partnered with multiple companies for the benefit of Shiftal users.
Shiftal, the brainchild of Rishabh Jain, is a user-friendly, European-regulated P2P crypto exchange. It is a registered company in four countries (India, UK, USA and Estonia). It has been marching forward with its goals in the decentralization of financial institutions, financial freedom and privacy. It supports more than 70 payment methods. It also has a secure multicurrency wallet for its users. Shiftal also has its own native crypto named ShiftalCoin which uses TRON Blockchain, thereby ensuring quick and economical processing and transactions. Shiftal Referral program enables its users to earn up to 40% of the trade fee upon every successful referral.
In the year 2021, Shiftal became the first crypto exchange to bring forth the callback option for instant dispute resolution. The development of the Shiftal mobile app also got completed. Shiftal ICO Coin was developed and listed on the Shiftal P2P Exchange. Rishabh Jain considers himself as a Project Manager in his own company, where his users’ experiences have an upper hand. This makes Shiftal a customer-centric organization, which always updates and grooms itself according to the difficulties and expectations of its users. With the help of successful partnerships, supportive investors, and ingenious strategies, Shiftal’s value soared up to a 30 Crore mark from 1 Crore over a span of 2 years.
A Few Words from Rishabh Jain
“If you have a dream, convert them into a vision or goal and be realistic. Achieving them would be easier. Never get your idea evaluated by friends or family, I always recommend reaching out to people who have been there and done that, so you get to learn more than just get clarity.” Rishabh Jain describes himself as someone who is always ready to compete with oneself rather than just enjoying the limelight. He believes it is the mindset that one brings to the table that makes the difference. “Be consistent, show up, that’s all”, he says.
Connect with Rishabh Jain at https://www.instagram.com/cdrishabh/.