Exchanges industry is an important aspect of the blockhain. This section of the blockchain industry accounts for millions of transactions happening everyday in the ecosystem, it is therefore imperative to study and consider best type of engine one is to use for effectiveness and efficiency in real time.
There are over a thousand exchange platforms all over the world and new ones are built and entering the market every new day. But are they really that effective? could they serve the current need of enthusiast? are the optimized to deliver in real time?
There are three kinds of exchange platforms. There is the DEX, CEX and the Hybrid platform.
Decentralized Exchange(DEX): A DEX platform do not own the private keys of users. Users trade wallet to wallet with no funds sent to the central system or stored. A Dex platform is secured in most of the times, rarely would you find news about hack of a true decentralized exchange platform. Best you could hear is the bad practices of the owners of the platform for their selfish gains or manipulation.
However the failing of a DEX platform is in the complexity of its operations. Here, no one has the power to retrieve lost passwords or help with recovery of lost funds in the case of any eventualities. Also DEX platforms are difficult to operate for newbies.
Centralized exchange: This type of platform is the exact opposite of a DEX platform. Here funds are stored in central servers or locations. The intuitiveness of the exchange is built such that its easy for a newbie to get familiar with the usage and from the get go. The failing here like all things good with its bad side is the fact that this type of exchange is often time the target of hackers who target this weak central system for theft purposes.
Hybrid platforms like CRYPTOA Exchange is the solution to this numerous challenges and problems militating against the exchange industry. Cryptoa combines the power of security of a DEX platform, the optimization and intuition of a CEX platform as well as speed, eliminating completely the bottle necks encountered in this 2 type of platforms.
More-so they offer the lowest fee in the industry currently 0.1% on all transaction as well as the highest withdraw fee upto 100btc. Currently no exchange beats this rates. In-fact the best most exchanges do is to offer a rebate for sell options.
Self sufficiency of the platform is a thing I have come to witness about the exchange platform. There exist no fake order book since the team is dedicated to financing the project all by themselves from top-down. The team does not find any need for fake order books appearing in the platform any one time, a crime seen committed by even big established exchange like Huobi.
The platform is correctly optimized with speed, execution of order is done almost instantly. An experience I greatly relish.
Lets talk about the top notch customer service offer by the team. Cryptoa boast of a 24/7 round the clock customer service approach, your query would be attended in less than 24hrs upon which you applied. Cryptoa will solve a lot of inefficiencies we have in current exchange platforms
Useful Links
Twitter: https://twitter.com/CryptoaExchange
Telegram: https://t.me/cryptoaexchange
Facebook: https://web.facebook.com/CryptoaExchange
LinkedIn: https://www.linkedin.com/company/cryptoa-com-crypto-exchange/