Crypto exchanges are faced with so many challenges and risks. The most common is the security risk that adversely affects the exchanges. The high risks involved in exchanges will make you shy away from trading. However, the terminal has come to save the day by implementing the necessary developments that will minimize the risks and the challenges faced. There are two major problems experienced by the exchanges, the centralization risks, and the usability problems.
Centralization risks
The exchanges will store your data as the user in their servers. Such centralized structures are prone to be hacked by external fraudsters or even manipulated internally. In the past, theft case through hacking of the exchange's servers has been witnessed. The hackers were able to steal large amounts of money. In such a case where lots of money has been stolen, you as the user will be affected either directly or indirectly. Normally, exchanges will refuse to compensate you in case you lose your money. This makes exchanges a very risky business to venture in. You will be afraid of losing your hard-earned money.
Apart from the hackers, the users who own large investment are likely to manipulate the officials in order to maximize their profits. Such investors will as well use some methods to ensure that their profits go up. As a young and a growing investor, you will be exposed to risks of losing your investments. Such methods that are being commonly used by the larger investors include; insider trading, wash trading, pump-and-dump and flash crashes. For example, pump-and-dump manipulation is normally done by artificially raising asset’s price and then selling it for more profits.
Usability challenges
Apart from the centralization risks, most of the exchanges have problems with their interfaces. Most of the exchange servers are poor, they are hard to use and even very slow. When trading with cryptocurrencies, you need to utilize speed, if the interface is slow and poor, you will fail to trade profitably. Moreover, each of the exchange’s platforms has a different and unique interface which will confuse you.
Oneexbit solutions
This is a terminal that has been developed to help avoid all the centralization and the usability risks involved with cryptocurrency exchanges. This terminal is very secure since all the information are highly encrypted. This means that all your information will be safe and secure in this platform. Moreover, payments are disabled in this platform, therefore, no one can access and withdraw your funds without your consent.
With the usability problems, oneexbit is the best solution that will ensure that you trade smoothly. It has a user-friendly interface which is easy to use. Moreover, since it is a all in one platform, trading using a single platform will eliminate the confusion of using different platforms. Interestingly, this terminal offers you a large range of display and analysis tools. More developments are yet to be implemented in this platform to improve its usability. Ensure that you trade through this platform to avoid risks associated with cryptocurrencies trading.
Official links for more details,
Website Link : https://oneexbit.com
Whitepaper Link : https://oneexbit.com/whitepaper-onex.pdf
Twitter Link : https://twitter.com/Oneexbit1
Telegram Link : https://t.me/oneexbit
ANN Threads Link : https://bitcointalk.org/index.php?topic=5129693
Facebook Link: https://www.facebook.com/onex.bit.5
Youtube Link: https://www.youtube.com/channel/UCXTH2La9LXL26asXsCQiJ9w
Medium Link: https://medium.com/@smmonex
My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=2392699