Have you ever thought of how to overcome some perculiar challenges being encountered by digital exchange platforms? I would like to enlighten investors on such issues so as to reduce the probability of losses on these exchanges.
The global world is enduring rapid changes due to the assistances of technology and its products. The financial world also has a role to play in this and can’t be left out. Satoshi Nakamoto first launched cryptocurrencies with bitcoin as the very first cryptocurrencies to be engendered. How many cryptocurrencies have you come across so far? Currently, there are numerous cryptocurrencies that have been generated. We can think of Ethereum, Litecoin, Ripple, DASH etc. with several ICOs going on which would also generate new cryptocurrencies.
The amalgamation of fiat currencies and digital currencies has resulted in the development of exchange platforms where fiat currencies can be used to buy cryptocurrencies. Moreover, most people do some investment into cryptocurrencies. These people do purchase most digital cryptocurrencies and trade with them. There is also countless existing exchange platforms and we can talk of etherdelta, forkdelta, Okex, Ddex, Kucoin just to mention a few. These exchange platforms have rendered massive services to the public. I remember I lost a huge sum of money on one exchange site due to hacking of the exchange site. The question I use to ask myself is that; when will we get tight security so as to allay anxiety if we keep monies at those exchange platforms?
CHALLENGES OF CURRENT DIGITAL EXCHANGE PLATFORMS
Insufficient Safety
Countless of the exchange platforms currently are not safe and are prone to the assaults of cyber fraud and hackers. Most cryptopreneurs do decide to put up increased prices for the tokens and decide to halt for these high prices to be met before they sell. This is all due to the unpredictability of cryptocurrencies/tokens these days. Pertaining to this conception, it is quite commendable as these cryptopreneurs understand the system of cryptocurrencies. It has been an existing principle that moat people use to follow inorder to gain much. At times, it becomes sad to hearing that an exchange site has been hacked and I wonder why this should be so in this new era. One exchange site, Coinrail, was hacked and there were some accumulated loss of $40,000,000 which includes several tokens that were stolen by these hackers.
Poor and Complex User Interface
Most of the time, some exchange platforms display very strange interfaces that are too difficult to understand and use. It becomes worst if it is your first time of trading on that exchange. When exchange platforms are not fundamental for the newly crypto member to even do little selling of tokens on such platform and it becomes a very difficult when users are trading on such platforms. The crypto community requires to get simplified exchange platform and provided links to guide users when trading on such platforms or making any transactions.
Poor Customer Support
The issue of poor customer support has persisted for some time now. This problem has led to the extent that complaints that are reported with respect to any technical issues take days to be rectified and some are not given the necessary attention. Such challenges allow most customers take certain risks or perform some tasks at their own fate on such exchange platforms being it trading or making transactions. Users also most of the time loses huge sums of monies due to the poor support by the platform in making transactions.
The above problems and many more generates many bad criticism about the crypto community and its transactions which in turn dwindles the efforts of crypto enthusiasts in making cryptocurrencies to be legalized in our world.
SOLUTION
Ensuring High Security
Security is nothing to write home and it is a great concern when it comes to the crypto community and the activities involved. Qurrex exchange platform would offer users of the platform a hybrid exchange platform that is fully secured from cyber fraud and hackers. This is to ensure that users on this platform have their funds safe on the exchange platform without any fear of losing any fund of theirs.
Providing friendly Application Programming Interface
Qurrex admits the fact that not all people in the world have full knowledge about cryptocurrencies and therefore have purposed to design a user interface that is easy to access and comprehend even if it is their first time of encountering the platform.
Providing Regular Technical Support
Qurrex also considers the importance of technical support that aims to ease users any moment they face challenges on the exchange platform or require assistance. There are different categories of people worldwide and each has a level of knowledge which differs from one another. Qurrex sees to bring everything down pertaining to the platform so that no matter how users reason, they can do any transaction they wish to do. In addition to the friendly user interface, Qurrex also has come out with an online support which is available at all times to assist users in their transactions. Refer to the whitepaper for more information.
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Author: Rastafarian
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