Blockchain experts have predicted that the net worth of the cryptocurrency investments will cross $1 trillion by the end of 2018. Even though the volume of crypto trading is increasing steeply, the total number of cryptocurrency exchanges worldwide is very less. And, most of the exchanges have only a small team to provide customer support. That’s why it takes more than a week or so to process the new applications for opening the account. Because of the limited manpower, the exchanges are not able to quickly resolve the issues faced by the customers. Instead, they need to wait for more days to get solutions for even simple queries.
Another major concern about the cryptocurrency investments is security. Every year, the hackers stole millions of dollars money from at least ten crypto exchanges. Do you know? The fraudsters are able to break the servers and steal money from even the most popular exchanges as well. Bithumb theft is an example of that. A few months, South Korea based Bithumb exchange was attacked by the hackers, and they steal $30 million worth of coins. Approximately $1.1 billion was stolen from various exchanges in this year alone.
People will lose trust in crypto investments if the above issues are not solved. How will you overcome the above challenges and make the cryptocurrency exchanges more secure? Crypto Circle X exchange aims to build a more reliable, secure and transparent platform for trading cryptocurrencies. How? It will provide 24-hour live support for the customers so that they can resolve their issues immediately without any delays. The exchange will have a simple sign up procedure, and the new user registrations will be processed quickly.
To keep your assets safe and secure, Crypto Circle X exchange will be storing them offline in cold storage wallets instead of hot wallets. Plus, it will never store your passwords on their servers. Instead, it will store them as hashes. All kind of sensitive data related to the users will be stored after encrypting them using the AES 256 standard. Besides that, the exchange has a built-in AML (Anti Money Laundering) algorithm to prevent the fraudulent transactions. Read more at the official whitepaper https://cryptocirclex.com/whitepaper.pdf.
Like the traditional crypto exchanges, Crypto Circle X will process all kind of orders like limit orders, market orders and stop limit orders. To improve the speed of transactions, the exchange will be using the GoLang (Google Language). GoLang is actually a machine language which can process up to 10 million transactions per second. Hence, the Crypto Circle X will be an ultra-fast exchange which can process transactions at least ten times faster than the existing crypto exchanges. And, the customers need not face any kind of delays while processing their orders. Plus, the exchange charges a low or nominal trading fee for the orders. To access the features of the exchange, one needs to hold their own tokens called CCX coins.
To learn more information about the Crypto Circle X exchange and CCX coins, please visit the Website, joinTelegram or check the ANN and Bounty Thread