For those of you who are looking for a place to trade cryptocurrency, you've probably already considered exploring one of the biggest online exchanges, such as Binance or Bitfinex. However, if speed and security are of utmost importance to you, then you should look into a smaller exchange – one that is more focused on providing a fast, safe, and reliable place to trade.
You'll find a variety of these smaller exchanges, all of which are based on similar principles. For the best experience, check out bityx.me – a new breed of cryptocurrency exchange that provides the best of both worlds (i.e., large pools of assets and a relatively simple user interface). Here's a quick rundown of why bityx is special.
Security And Privacy
If you're investing your own money, the last thing you want to do is put it at risk. Especially when doing business with countries that you don't know much about. To prevent your funds from being stolen, bityx employs multi-level security procedures.
For starters, all incoming orders have to be scanned manually before they are matched against the order book. The exchange also uses two-factor authentication, so when a user registers, they'll receive an authentication code that they need to enter in order to make withdrawals or place orders. Finally, all trades are screened for suspicious activity, and accounts are routinely monitored for fraudulent activity.
These security procedures help to ensure that your assets are safe, while allowing you to take advantage of the opportunities that the trading platform provides. Furthermore, bityx takes security seriously, and will notify you of any important news or updates that affect your account via email.
Speed
While we're on the subject of security, let's talk about the speed of the platform. Because we're dealing with money and transactions, you can be sure that your funds will be safe, and you'll get the swiftest exchange experience possible. Since orders are matched manually, and there are no third-party brokers involved in the process, you can be sure that your trades will be executed promptly. Furthermore, since all trades are made against other users' orders, there's no risk of being cheated by a third party.
Even though the bulk of the currency is kept in cold storage, in the event of an extreme security breach or system failure, the administrators of the exchange are obliged to compensate users in the same manner as they would for any other type of payment system failure. In other words, they will cover any losses you incur from the fraud – ensuring that your funds remain safe and sound.
Reliable
Finally, we arrive at the most important and fundamental virtue of any cryptocurrency exchange – reliability. Since all trades are made directly against other users' orders, and multiple levels of security are in place, you can rest assured that your transactions will be safe and processed in a timely manner. Furthermore, bityx has an excellent track record of keeping its word – delivering on everything from security issues to system outages. If they say they'll provide a service and they don't, it's usually because they don't want to keep their word – in which case, you shouldn't either.
To summarize, if you're looking for a place to trade cryptocurrency, you've probably already considered one of the bigger, more established platforms. However, if you want to keep your assets safe, and you value your time above all else, then bityx is the place for you. The platform provides a reliable and safe way to make money, while giving you the opportunity to access a wide array of crypto-assets. If that's not a recipe for success, we don't know what is.