Cryptocurrency trading or better still crypto trading is simply refered to as the exchange or exchanging of cryptocurrencies. There are numerous cryptocurrencies that exists now, since after the development of the blockchain technology system and also the launch of bitcoin as the first ever cryptocurrency. Thus using examples to futher explain what crypto trading or cryptocurrency trading is, one can explain crypto trading in terms of exchanging Bitcoin which is a cryptocurrency for Ethereum which is also another cryptocurrency or in other words exchanging Bitcoin or Ethereum etc for fiat currencies which can either be Euro, USD etc.
Ever since bitcoin was introduced to the global populace as a computerised form of money through the blockchain technology system as a means to phase out the shortcomings faced with use of fiat currencies and also the leap holes which exists between users and the financial institutions that are in charge of handling the fiat currencies. Bitcoin or cryptocurrency opened up a new world of seamless transaction whereby you can make purchases as well as carry out transactions on a peer to peer basis without having to be subjected to any form of intermediate or middleman basis. The global adoption also lead to more development of other cryptocurrencies thus paving way for platforms whose main essence was to help facilitate as well as initiate transaction with the cryptocurrencies.
A cryptocurrency trading platform or cryptocurrency exchange system is one which allows users or customers to trade or exchange their cryptocurrency for other assets like either fiat money or digital currencies. Despite the cryptocurrency trading platform been one of the major tools that is required in the crypto world, it still is faced with certain setbacks or issues such as: insecurity, inefficiency, non-efficiency etc. And there is therefore need to address these issues to futher allow for full scalability and improvement of the cryptocurrency system and this is where the OneExBit comes in.
What is OneExBit:
OneExBit is a platform which focuse on creating an exceptional cryptocurrency trading platform by employing tools, models or concepts that will address the current issues faced by other trading platforms into their system. Most trading platforms lacks the essential tools to fortify their platform thus making them prone to cyber attacks with their users at risk of loosing their assets but the OneExBit platform is going to launch trading platform which is not only secured but effective, efficient as well as user friendly. Launching a platform with a friendly interface is key concept in developing a trading platform cause it will allow users to easily navigate the platform and do their transaction in a seamless manner and this is what the OneExBit is promising it's users. The platform has also launched a trading terminal that is already functional whose major essence is to merge other popular exchange systems to the platform majorly through the use of API and it will also offer high intuitive, useful and important graphs as well as trading histories and statistics.
ISSUES FACING THE CURRENT CRYPTO EXCHANGE OR TRADING SYSTEM
With the current trend now, crypto enthusiasts are saying that there is likely to be a general or mass adoption of cryptocurrency and that there is possibility that the current crypto market might grow to be as big as the forex market. But it is also necessary to understand that the cryptocurrency exchange system is faced with numerous problems as well as lingering issues like
I. RISK OF CENTRALIZATION: centralisation is a concept whereby data o information is concentrated at a single focal point and as a result, it is easily prone to cyber attacks as well as loss of data and also since the general public are not in full control of their dat, certain manipulations of data is likely to occur without them knowing.
II. PROBLEM OF USABILITY: this comprises of issues like: issue of poor interface, poor functionality as well as virus disturbances.
And all these are said to be address by the OneExBit platform so as to make their platform a fortified, outstanding as well as renounced platform.
ADVANTAGES OF TRADING WITH THE ONEEXBIT PLATFORM.
I. It will simultaneously grant access to unlimited number of account s created by users.
II. It will work hand in hand with multiple exchanges incorporated in a single interface.
III. It will offer stability
IV. Proper security is guaranteed within the platform.
ONEX COIN
This will be the official utility token of the OneExBit platform. And it will have a total supply of 100 000 000.
TO KNOW MORE ABOUT THE ONEEXBIT PLATFORM
Telegram: https://t.me/oneexbit
Website: https://oneexbit.com/?utm_source=bitcointalk
Twitter: https://twitter.com/Oneexbit1
Discord: https://discord.gg/sDcxPMt
Facebook: https://www.facebook.com/onex.bit.5
Writer’s Bitcointalk Username: Musekay
Writer’s Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2070957