Crypto exchanges have emerged the tool to profit from crypto asset ownership but they are far from being without their pitfalls. Majority of crypto exchanges are a single point of failure with lots of issues that traders experience on them among which are high transaction fee and withdrawal fee, lack of security, liquidity problem, lack of trust, unreliable and many more. ENCRYBIT is a revolution to the crypto world where trading is concerned.
Centralized Exchanges are the future of cryptocurrency trading due to some setbacks on the Dentralized Exchanges. I will give you some real life instances in this article. Enjoy reading!
With centralized exchanges, intermediaries such as companies act as middle men in order to facilitate trading on their platform. In essence, centralized exchanges often act as the first point of contact for newcomers that are interested in trading cryptocurrency. Many individuals seek to have an interface that can connect them to both cryptocurrency trading and the real economy, and centralized exchanges provide that.
The operation of a centralized exchange is straightforward. Take for instance; if Bob wants to buy 1 Bitcoin, one of two scenarios can occur. Bob can go to the order book and find an offer that he is willing to accept. Normally, a matching algorithm automates this process, and if Bob is willing to buy 1 Bitcoin at the set asking price of a seller (that is the smallest price per unit from all the sell orders), then Bob’s buy order will automatically be matched with a corresponding sell order that fulfils his requirements. Bob could also create his own buy order; this allows him to set the terms of the trade, specifying terms such as price and quantity that he wants.
Lack of liquidity and high fees are the major reasons to push the traders toward having multiple accounts, it's nothing new unfortunately; we know how it much frustrated it is to wait for the listing of some cryptocurrency and sometimes the impossibility to even trade it due to lack of liquidity; if you add the high fees for transferring those funds through different exchanges, the outcome will definitely reduce the profits you made. But then;
WHY SHOULD YOU CHOOSE ENCRYBIT EXCHANGE?
ENCRYBIT is a new cryptocurrency exchange with bells and whistles. The key focus of ENCRYBIT is to be secure, agile and user-friendly. It offers a streamlined experience for crypto investors and traders alike - but does not compromise on features. ENCRYBIT users enjoy market leading tools for research, technical analysis and trading.
ENCRYBIT Exchange is simply a haven where promising new cryptocurrency projects, traders, and investors can reach for the stars.
The ENCRYBIT Exchange has decided to go with a centralized form as it allows management to provide users with an experience that is beyond just basic trading. It is also believed that dedicated and committed management team will better equip to handle challenges arising out of increased regulatory oversight.
ENCRYBIT is developing its own trading platform including all necessary indicators required by professional traders.
ENCRYBIT is focusing more on the security aspects, therefore having multiple security advisors and information security experts in the team is a plus. With this, ENCRYBIT is getting security architecture services from the best in the industry.
The security expert team at ENCRYBIT makes sure to harden the security layers with accurate SDLC methodology. The security assessment practices include the secure and modularized coding methods, secured server infrastructure, application and server penetration testing, and ethical hacking practices to make sure the correct implementation of security standards.
ROADMAP
Below is a well elucidated and predictable roadmap of the ENCRYBIT exchange which is being followed one after the other;
In conclusion, ENCRYBIT aims to be the first of a new generation of cryptocurrency exchanges by providing:
ENCRYBIT is an optimized and simplified trading platform with an easy and attractive user interface having a broad spectrum of technical analysis tools such as; Smart alerts; Profit and loss reporting; Multiple levels of order history; Multilingual support; Smart social trading; Trading rewards; Market research and news updates; Broad order book; Transparent policies; Demo trading; Multi-tier security; Dedicated customer representation.
Be Part of This Revolution of The ENCRYBIT Cryptocurrency Trading Platform!
Get connected anytime with the Project using the links below for more information, updates and participation:
WEBSITE: https://encrybit.io/
WHITEPAPER: https://encrybit.io/pdf/encrybit-wp-v1.pdf
LITEPAPER: https://encrybit.io/pdf/litepaper.pdf
TELEGRAM: https://t.me/encrybit
TWITTER: https://twitter.com/enbofficial
FACEBOOK: https://www.facebook.com/encrybitofficial/
WRITER'S DETAILS
BitcoinTalk Username: cryptoblezin
BitcoinTalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=2178561;sa=summary
ETH Address: 0xC89b8Dd7e3E137DB108575EeAe301E52b6C72d9F