![encrybit-696x449.jpg](https://cdn.steemitimages.com/DQmRSaPT2nLji6Cke3mSSxckMiQRQDWYBszxWia34XjTVa2/encrybit-696x449.jpg)

Cryptocurrency trading is turning into an important methodology in order to remain ahead and maximize one's gains in this market. as there are various cryptocurrency exchanges on the web where cryptocurrencies are listed for trading seeing abundant of the trading volume divided between ten major exchanges. Additional individuals are finding in third-party trading platforms a necessary tool in their trading kit to help them generate profits within the cryptocurrency market. This is often telling us that traders are finding the current cryptocurrency trading platforms inadequate to create their choices.

What are the problems with existing exchanges?

Before going to the discussion on Encribit, It is necessary to analyze what are the issues of the existing cryptocurrency exchanges. Encrybit R&D team has performed two surveys with the intention of analyzing cryptocurrency market and traders emotions about the cryptocurrency exchanges. Through these surveys Encrybit team has identified problems and challenges with crypto exchanges. ***Servey 1 - Cryptocurrency exchange problems and challenges*** They allowed traders to provide their own feedback and suggestions about the problems faced while using existing crypto exchange platforms. Following are the major things that the survey identified as the things highly concerned by traders.

Security
High trading fees
Lack of liquidity
Support is nightmare
Lack of crypto pairs
User interface
high withdrawal fee

***Servey 2 - Cryptocurrency exchange evaluation survey 2018 global analysis & insights*** This survey has been performed with the intention of gathering information for designing advanced features for Encrybit platform. This servey has collected exhaustive details on advanced cryptocurrency trading features and traders’ personal preferences towards trading platforms. This survey has highlighted following points. ![survay.JPG](https://cdn.steemitimages.com/DQmWZ3Tad9YChgpq6GZeyW9oPGFU4YTHaGtF66pJTXAwba3/survay.JPG) After considering whole these problems and challenges and trader preferences, Encrybit has proposed a evolutionary cryptocurrency exchange solution. The most suitable way to identify the Encrybit is an "All in One Cryptocurrency Exchange for next generation".

How Encrybit overcome the problems of current system ?

Encrybit and its platform is, attempting to allow users all the tools they have, all in one single page once you need them and very simple to use, no switching tabs and no need of third-party platforms, "All you need, all in one page". Encrybit has address almost every issue that they have identified during the survey. Encrybit is focusing a lot of on the safety aspects, thus having multiple security advisors and information security consultants within the team is a plus. With that Encrybit is obtaining security architecture services from the best within the industry. Our security expert team make certain to harden the security layers with correct SDLC methodology. Our security assessment practices embrace the secure and modularized coding strategies, secured server infrastructure, application & server penetration testing, and moral hacking practices to form certain the right implementation of security standards. Encrybit can keep the trading fees marginal, with withdrawal fee counting on the miners and their mining fees while not having a fixed quantity as different platforms. Also, you may pay 50% less if you pay your fees with the ENCX Tokens. Encribit is going to introduce some latest mechanisms for solve the problem of lack of information in the Order Book. ![s.JPG](https://cdn.steemitimages.com/DQmdms8za1LmGidKKG4pxTaaxLDnNgG7Jsi3wiinbpfckFx/s.JPG)

Encrybit ICO

The private sale will be started on November 1st 2018 and end on December 3rd 2018. BTC, ETH are accepted for buying minimum of tokens worth of 50 ETH. Total suppy is 270,000,000 ENCX.

ENCX Token

In order to develop, launch and grow the exchange, Encrybit is introducing ENCX Token this can provide tiny and institutional level participants with the access to contribute to the present project. ENCX is the utility token used for ICO and exchange operations. Token type – ERC20 Utility Total Token Supply – 270,000,000 Token Price – $0.2 Soft cap – 5.4 Million in USD Hard Cap – 32.4 Million in USD

Why I Prefer Encrybit

The major thing is that the Encrybit is a proven research-based exchange. The team has conducted two successful surveys and have pointed on the correct requirement of traders. As a novel trader the in my case the worst problem is having complex UIs. But in Encrybit solution, they are going to provide better and easy-to-use interfaces. This exchange is going to address real solutions to existing trading problems rather than implementing the same thing again and again. Their comprehensive white-paper provides fully detailed picture on what they are going to do. When considering about Encrybit team, they have a professional software developer team who has been providing solutions to large companies since 2009. They are families with different architectures, coding, infrastructure to deliver high performance and optimum results in a high volatility market. You may also understand that they have well-designed token economy and hence the token will be more valuable in the future.

For more details

Web : https://encrybit.io/ Whitepaper : https://encrybit.io/pdf/encrybit-wp-v1.pdf Telegram: https://t.me/encrybit Twitter: https://twitter.com/enbofficial/ Linkedin: https://www.linkedin.com/company/encrybit/ Reddit: https://www.reddit.com/user/encrybit Youtube: https://www.youtube.com/channel/UCbFGt712HrsyAMuLf3XJJng

About Me

Profile : https://bitcointalk.org/index.php?action=profile;u=2244924 Wallet: 0xa4A208C7b431a83362287b8A63D2E675a8e9E15b