Hello,
This is a follow up for my other post about SimplePOSpool and the masternode service it runs. https://simplepospool.com/index.php is that site and here is a link to https://crypto-bridge.org this is a decentrialized excahnge that sells most of the coins used on simplePoSpool. Trusting this exchange took me a while and slowed me down from getting into these masternode coins. So I want to share with you how this worked in case you want to join use on simplePospool or just want a place to buy masternode coins found on Masternodes.online.
This is my review post of simplePOSpool if you want to read that one.
https://steemit.com/bitcoin/@stever82/masternodes-share-sites-are-part-of-crypto-s-future-here-is-my-journey-on-simplepospool
So the idea be CryptoBridge is pretty simple it is a place to get a lot of Alt coin and some main system coins that is safe due to the decentralized way it works. I am not going to go really deep into how that protects you but it does prevent almost any hack from getting your coins. The biggest issues with most DEX sites today is that they are slow. Cryptobridge has done a good job of avoiding that by placing nodes all around the world.
Most people will have one close to them and the one time my CA site was down I was able to place trades on the NV and Toyko sites with no issues. You can access your account from a web browser or download a more robust toll onto your desktop. Both work just fine and have no issues. One thing that might seem odd to some is that when you sign up they will just assign you a random password that you have to keep and not lose or you will not be able to get back into the account. This is cause they don't keep a record of that password. Also they don't track you at all which is the one of the nice points of using a decentralized exchange. The charting tools are there but many of the alt coins are low volume so they don't show as great. I do have a example of bitFrost that does trade with a more stable volume to show you what the site can do.
Unlike some major exchanges (cought coinbase) they do have some TA tools like SMA, MACD, Bollinger Bands, These aren't used as much with the alt coins but you can see they are there if you do want to use them. The order book is standard but also has depth on the samepage. I broke them up below just to allow you to see them better.
They system tracks your trades as you can see from that it looks like I lost some money on bitFrost but really I am up cause those are all coins I made from owning part of a master node on SimplePOSpool So I still have my first 100 I bought sold those and still have some more coming in every day. That is the reason I use this site to allow me to get these coins I can use there to do that. There are other perks to using this exchange. First off they have a market makers program. Where if you place a Limit buy order for a coin and let it sit around to get filled they refund your fees. Then they track how much you do that and make payouts to your account in BTC. Unless you buy a lot these will be small but can add up if your a bigger buyer. This comes from the profits from the site. This site like some others allows users to own part of the site and get payouts based on 50% of the fees they collect. This is paid out 75% to users Stacking the BCO coin that the exchange made. This would be bought on the site and they staked to get a part of the payout. A note on this I wasn't aware of when I staked 30 coins is that you don't want to be doing this unless you have like 1000. Otherwise the payouts won't cover the fees to start the staking. The other 25% is paid out to the market makers. As you can see these will grow as the site grows. So take a look at the site see if it is selling some coins you are looking to get into. Or if you have already planed to check it out you can see now a bit more how it works. I can say that I have had no issues adding or removing coins from the site. They also have a very active discord with Admins that answer questions fast. If you have an questions let me know.
