Hello guys, I'm here with a review of a new exchange(AXNET) put together buy some of the smartest minds you can go to this site through this link https://ax.net the full name of the site is Asset Exchange Network OU
Now let's talk about exchanges, generally it doesn't matter whether or not you earn a living off trading crypto or not, with time to time we all need to trade in our crypto for another or maybe just sell it for money(dollars or any other currency). Now this is where these exchanges play a crucial role as they make things alot more easier and reduce the risk of getting scammed.
Not alot of people would just send their crypto to some random guy they meet online with the hope that they are not going to get scammed. However with a company with a certified company example, AXNET you seem to have trust in them.
Exchange Problems
Okay, here is a list of problems often found in exchanges.
#1. Low security
We've all heard of how people accounts have gotten hacked and all their crypto happend to get missing(stolen). This is due to the fact that the exchanges have poorly designed and when alot of people sign up to these exchanges the traffic becomes too much which makes it easier to hack accounts. Or maybe you just gave your private key or password to the wrong person, you decide.
#2. Low Quality Customer Service.
It is a known fact that bots now exist and these bots can be used to chat and answer certain questions with you even picking up your laptop or smartphone. However what may not be so obvious is that some of these exchange companies(not all) use these bots which has resulted in poor customer service as these bots are not able to answer some of these questions accurately. While some exchanges just generally have bad customer service. Keep in mind that these bots are not robot but chat bots.
#3. Small variety
Most Exchanges often don't have alot of options you can trade in for. Imagine I wanted to trade my Bitcoin in for Stellar but the exchange doesn't have stellar as an option, that would be a real downer for me, which means I will have to open another Wallet on another different exchange that of course has Stellar as an option, while this will result in me having multiple accounts which is not the best I'll also lose some of my crypto in the process of transfer from one wallet to the other( transfer fee) not to forget that this process is time consuming. This leads us to our 4th number of the list.
#4. High transfer charges.
The transfer fee charged by exchanges varies from Company to Company, however one thing is for sure we all want an exchanger which will charge as little as possible(if not zero transfer charges) to send crypto as this can be a downer when you don't have much cryptocurrency at your disposal. Imagine you're trying to trade-in your $5 worth of Litecoin into Monereo but sadly the exchanger you're using charges $1 as the transfer fee. You just lost one dollar worth of crypto and while you might not seem to be losing alot the sad but realistic truth is that not everyone eats from a golden plate while some are not willing to spend alot investing in cryptocurrency.
Here are some of the features we will in the hybrid exchanger AXNET
FEATURES OF AXNET
#1. High Performance Engine
AXNET is a professionally designed site which gives it's users exactly what they need when it comes to transfer, one of which is speed.
This Company has the technology to process 2 million transfer in a second, so it is very unlikely that the you're going to experience transfer delay simply because they are too many users making transfers as of that time. AXNET is one of the fastest exchanges today due to this feature.
#2. High Security
AXNET has looked at the errors and mistakes other Exchangers made and which made them subject to hackers and have modified their system to make it impenetrable. AXNET uses different security check levels. Which includes multi-layer encryption as well as a strong fire wall to keep hackers out. So with this wallet I'm very sure you won't have to worry about getting hacked ever again.
#3. Multiple Trading options
As I said earlier, no one likes creating a new wallet just so they can trade one coin, well AXNET gives you the opportunity to trade multiple coins. So you don't need to worry about stress associated with private keys.
#4. Efficient Customer Support
Now this is where it gets to the root. Individuals generally want attention. No one wants to ask a question and have it answered by a bot. Good Customer service is key and AXNET gives you just that. In their own words "we take the satisfaction of our platform users very seriously and our goal is to provide everyone with a seamless trading experience while being responsive to their needs". AXNET has a 24/7 hour support which is ready to answer any question you may have or any problem you may encounter will using their service.
#5. Option of Centralized or Decentralized.
Cryptocurrency exchanges focus on doing one of the above properly, meaning they are either centralized or decentralized. However AXNET breaks this barrier as they allow you switch between Centralized and Decentralized pattern.
I don't know how many other exchanges offer this( if there are any out there apart from AXNET). AXNET also offers a low transfer fee so if you would like to save some extra cash that's good news.
Alright guys that's it for now, here is a link to the white paper if you would like to know more.
https://ax.net/docs/AXNETWhitepaper.pdf
Thanks for reading.
Bounty0x username aruyacy