A Cryptocurrency exchange which is simply called digital currency exchange is a commercial trading platform that allows customers to trade Cryptocurrency or Digital currency for other assets, such as conventional Fiat currency or other digital currencies. this a market makers that technically take the bid –ask spread as transaction commissions for their services or simply charge fees as a matching platform
Cryptocurrency market appears to be developing in attractiveness daily. with the planetary rise of Crypto asset such as btc and eth there appears to be an inflow of multiple of people into the Cryptocurrency market. there are lot of Cryptocurrency exchanges that can’t meet the expense of their account creation feature open all the time. as a result f the demand for newbie entry the trading market for new account creation most of the time is periodically disabled. this is very worrisome to crypto trader.
The Cryptocurrency market have average trading volume of over three billion dollar. currently the total market cap capitalization is approximately $195,348,443,222 .
however irrespective of these larger numbers of volume there are lot of challenges that comes with it that have plaque the market the challenges are discussed below:
Activities of cybercriminals on exchanges
Cybercrimes is the biggest challenges cryptocurrency are experiencing in recent times where users fund get stolen without any hope of recovery the crypto asset. this challenges have cripple many exchanges where by crypto trader lost faith and zeal to trade or leave their crypto asset in cryptocurrency exchanges. crypto community still remembers the case of bitcoin exchange monopolist mt.gox, which went offline in 2014 after losing almost $350 million worth of bitcoins to hackers. the most recent cryptocurrency that was hack is bithumb on the 19th of june 2018 where 30 millions of Dollar got missing. this challenges need to be address if cryptocurrency must have mass adoption.
Lack of Technological Capability
there are lot of cryptocurrency exchange market operating sophisticated platforms, but, as an analyst from bank of America Meryll lynch noted, “by and large these do not offer the same quality of technology as the large global exchange groups.” lack of advance and technical know how is makes most cryptocurrency exchange platform fail and traders get scare in trading i such platforms.
Lack of Transparency
most crypto exchanges are not trust worthy, when run their exchange as if it is a one man squad without considering their users at the heart of decision making. most exchanges go on maintenance for hours without any notification to their users at the time traders are making profit and wants to exit their trade. during the course of these maintenance it has been report that these exchanges that go on frequent maintenance are vulnerable and most don’t return to normal which is also very disturbing to traders.
however despite these challenges hibtc provide a lasting solution to these challenges by creating a robust cryptocurrency exchange to meets the present and future needs and also restoring hope and joy of trading crypto asset to all traders ranging from newbies to expert in cryptocurrency market.
HiBTC is built with a robust software that has the most friendliest users graphics interface to make trading more effective and profitable for all traders at all levels.
HiBTC is a revolution and a movement in the crypto space where by community of cryptocurrency ethusiasiatist that came together to have mutual benevolence by exchanging of cryptocurrency asset as a result of this great revolution there is no such thing as staff or owners of the platform the community owns the exchange platform, decisions of operation are made by the community.
what are solutions HiBTC is providing?
High level security profiling
security is the number one most top priority in the heart of hibtc. the experience community have put in place ideological instrument to secure crypto asset while trading on the hibtc platform. such as:
-ddos protection from cloud flare.
-a combine login and withdraw authentication.
-smart contract are have regular audit.
-external security audit and consultant perform testing.
Equal transparency to all users
HiBTC create a system where all data are release publicly to all users without any sentiment according to user’s area of interest which include income data, mining data voting data and last but not the least is transaction data.
Capability of trading effectively
HiBTC create a system using memory coupling algorithm to make effective and trusted cryptocurrency asset transaction in millions with a second unlike other crypto exchanges that delay transactions.
what makes hiBTC unique and outstanding?
HiBTC is the only platform in the crypto space that share her dividend to her users. every users of the platform that have been trading on the platform receiving reward according to the amount of the HIBT token they possess in their wallet at the last hour of each day. and also HiBTC gives privilege to HBTC holders to enter more rewarding programs by leaving their token to be lock and rewarded with more dividend according to the numbers of days the token was lock.
what are the features of HiBTC exchange platform?
this simply the major reasons you need the exchange as your own choice exchange to trade your crypto asset you are interested in which are as follows:
TRADING MINING
HiBTC allow users to get rewarded via transaction processing fee mining.
TRADING VIEW
users can do more technical analysis of their choice instrument. HiBTC features the trading view for users to get more knowledge on the cryptocurrency asset they intend to trade.
For more information about the HiBTC exchange visit the below link:
https://www.hibtc.com
https://www.hibtc.com/om/about/en-us/whitepaper.pdf
https://twitter.com/HiBTC_Exchange
https://t.me/www_HiBTC_com1
https://t.me/hibtckr
https://t.me/www_HiBTC_com2
Author Detail's
Bitcointalk username: wizardcrypto
Bitcointalk URL Profile: https://bitcointalk.org/index.php?action=profile;u=2312222
Email:tosinitunueyakaire@gmail.com