Azbit - Harmony of Blockchain & Banking

INTRODUCTION

Blockchain technology has been able to touch every area of our social lives these days. These include health, education, safety, food, games, and much more. Blockchain technology simplifies our lives while making it easier. Receiving money from any user and sending money to that user is now much simpler. We were using banks for these before we met this technology. But only banks are not as fast as blockchain technology. But not only the blockchain technology, but it's also not as secure as banks.

When blockchain technology first appeared, it was said to eliminate banks. That's what they said because there were no high commission fees in the blockchain when they exchanged money. But blockchain technology and banks ' methods of using money are different. They both have their own advantages. Sometimes we need to learn to take advantage of the features of blockchain technology and sometimes the reliability of the bank. Because blockchain technology can be a much more useful platform if it works with banks. A lot of projects have already started to take steps in this direction.

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Meet The Azbit

One of these projects is Azbit, which is very valuable to me. Azbit project is a project that wants to combine the features of blockchain technology and the features of the banking sector. The main aim of the Azbite is to combine traditional banking sector features with blockchain. To do this, using fiat money, on their own stock exchange, to provide users with the possibility of exchanging money. Azbit wants to give the user the opportunity to use both fiat money and cryptocurrency by adding not only fiat money but also other cryptocurrencies into the system.

Another important feature of Azbit is to bring together investment tools such as, trade copying, social trading and portfolio management, which are the foundation of traditional banking. One of the biggest reasons for this is: Users don't know exactly how to handle their cryptocurrency, how to invest, how to evaluate it yet. It takes a lot of experience to find out. Most users are losing their money when they want to spend their money on the stock market.

Here, Azbit wants to offer the same services offered by the same traditional bank for both fiat coins and cryptocurrencies. You can do all these transactions safely on Azbit's own stock exchange or you can leave the management of your portfolio to Azbit experts.

Problems in the sector and Azbit solutions:

Regulation and legalization complexity:

We've seen many projects since blockchain entered our lives. There were also those who were very useful for humanity from these projects. But not how useful a project is, but how much investment it receives is more important. So every day we see another project or another ICO. These ICOs are planning to invest as much as they can by introducing their projects. They want to increase the number of investors in different ways, such as social media ads, project introductions. But almost half of the ICOs that are new to the market are fraudsters. These scam artists collect money from investors and then disappear.

Some countries and some regions have imposed restrictions on ICOs as it is so much circulation. These restrictions are generally legal limitations. Due to these restrictions imposed by authorized institutions, it is now even more difficult to launch ICO. The beauty of this is that the number of crooks in the market has decreased considerably. The bad news is that blockchain technology's progress has slowed down. But I think these legal limitations will be better. Because investors were so ripped off that they began to fall out of love with blockchain. This has damaged people's confidence in this technology. These events can only be accepted for technology with a history of 10 years. As a result of all these arrangements, blockchain will continue where it left off. But people are confused about these new legal regulations. This is a problem for users. But Azbit has a solution for this:

Solution: The Azbit project starts with all the legal measures that any ICO needs to take. These measures are placed entirely on a legal basis. The reason for this is to keep up with and comply with the regulations made by the authorities. In this way, you will not encounter any regional or national restrictions when using Azbit. In short, Azbit minimizes legal risks for you. Because in the system that Azbit will setup, everything is transparent, based on trust. It is compatible with the regulations of the authorized institutions of the countries.

Incompatibility of banks with cryptocurrency:

It is true that there is an incompatibility between banks and cryptocurrencies at some basic points. Banks have been established to exploit their customers using their monopoly power. Banks are much slower and more expensive than blockchain technology. If you want to make an international money transfer with banks, you may have to wait for days. The commission fees you pay may be up to 25%. This is due to the fact that banks cannot fully adapt to technology, especially with blockchain technology. In addition, it is a long process to spend the money you make on a blockchain-based platform through banks. Because the number of systems you can pay directly with cryptocurrency is very low in the world. That's why you have to keep fiat money. So the use of cryptocurrency in daily life is not very common yet. But it is certain that it will become widespread in the future. The source of the fiat money we are currently using in our daily lives is the banks. Banks have a system that you can accept and send payments instantly with ATMs in every corner of the world. As you can see, there is still a complex relationship between banks and blockchain technology. While daily payments through banks are easy, with blockchain technology, international payments are easier. This is a general problem in the world, but Azbit has something to say about this topic.

Solution: The Azbit project has created a solution to deal with all these challenges. Azbit wants to make it possible for its users to trade with cryptocurrency by creating a legal basis between banks. Azbit customers will be able to withdraw their cryptocurrency from the banks by converting it into fiat money on Azbit's Stock Exchange. In this way, wherever you are in the world, you can get your cryptocurrency by turning it into fiat money. Azbit has already activated this method in the Czech Republic. And the next target of Azbit is to implement this system in all European Union countries. In short, the future goal is this way, Azbit, then wants to implement this service all over the world.

Azbit's Services and Products:

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Azbit multi-currency Exchange

Azbit is a project that has its own stock exchange, unlike other cryptocurrencies. In this project, you can trade different cryptocurrencies with one another and trade different coins with fiat money. All of the methods used for this stock market are legal and reliable in compliance with the regulations applied by states. Because this service requires verification. This method is currently used in almost all of the world's stock markets. And this verification allows you to trade more securely.

One of the most important features of this stock market is that it is a decentralized stock market. I've always found decentralized stock markets safer. I want to briefly explain why. Information warehouses of all the big companies we know about today have been collected in one place. If a Hacker hacks only the data store in this place, he can access all your information. Here's an example: imagine that all the money in the world is collected in a single bank. In this way, all our personal data and digital money are stored in a single repository is easier to hack.

But on decentralized exchanges, the information and personal data of users ' digital money are stored in a decentralized blockchain, processed into smart contracts. The security of this block chain is provided by all users around the world, like torrent. Because such information is not stored in a single repository, there is a much lower probability of being stolen.

On the Azbit Stock Exchange,

Well-designed, user-friendly web and mobile app.
You can convert your crypto into other cryptocurrencies (Currently: Bitcoin, BitcoinCash, Ethereum, Litecoin and Dash available)
You can convert your crypto money into fiat currencies like EURO
It is much safer because the stock market has a decentralized structure.

Azbit's Investment Tools

1 ) CopyTrade Accounts

Some people are more successful when they trade on the stock market. This can be related to their intelligence, experience and knowledge. If you are interested in the blockchain, if there are indeed such friends. Here, mate, this will increase the number of your friends and their operations in a more transparent way so that you can see offers a possibility for you. If you are an investor on the Azbit platform, you can follow the actions of successful investors and follow the ways they follow. If you encounter a successful investor, you can choose your own trades to be the same as hers. In this way, you will do the same transactions automatically as you find successful investors do any transactions. This way you can become an investor in the market without doing anything. You can start it at any time, or stop it at any time. In return, you will pay a commission to the successful investor, but on one condition. If the copy process, you use really positive. You do not have to pay commissions if you have suffered from these transactions.

2 ) ShareTrade Accounts

ShareTrade accounts use margin trading with or without leverage. Margin trading enables you to quickly enter and exit trading positions. This is especially suitable for intra-day and short-term trading. Typically, this tool is suitable for traders withdrawals based on technical analysis of trading strategies can only be made at predetermined intervals if the investor requests them. This allows the investor to apply broader strategies and ensure that he/she has sufficient resources.

3 ) Portfolio Management Accounts

Portfolio management accounts are a system that aims to bring together investors and traders. Unlike the accounts mentioned above, it works and the working principle is very easy. With this agreement, the investor can withdraw his money at any time.

A Portfolio Account offers two withdrawals option:

In the base currency of the portfolio. In this case, the investor's share in the portfolio is converted through the exchange of the base currency and returned to the investor's personal account.
Use (allocation) all currencies in the portfolio. In this case, funds in the portfolio are returned unchanged in currencies. Shares of the investor shall be returned in accordance with each currency.

CONCLUSION

Today, blockchain and the banking sector are separated. Both sides have their own characteristics. While blockchain can transfer money faster with fewer commissions, the banking sector works more slowly with more commissions. But banks have a long history and are more reliable. With ATMs spread all over the world, you can easily receive and send money.

Azbit, blockchain and the banking sector constitute a harmony. And it only contains the positive features of blockchain and the banking sector. Using the Azbit platform, you can use the positive features of both sectors in your own favor and enjoy safe trade.

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