How you select the platform for trade and Investment
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Martin Hubmann –
In recent years, more than 200 crypto-currency exchanges have been published. How do you choose a market that meets your requirements and how you verhindest to lose your balance due to the fault of a third party? Approximately $ 1 billion was stolen in 2018 of trading platforms, which represents an increase of 400% year-on-year. NEM Coins to the value of 533 million $ were stolen at the beginning of 2018 at CoinCheck. The unprofessional appearance of the staff was the reason for the theft: The CoinCheck Team ignored the NEM recommendation for the use of a smart contract Multi-signature feature.
How do you choose a platform for trade and Investment, not to be a victim of hacker attacks, and to lose your entire balance? In this article, we analyze the question on the example of the p2pb2b crypto currency exchange.
What are the benefits of should have a good Exchange?
- Security system.
An Exchange should be consistent with the current OWASP Top 10 Standards compliance, and the KYC check, to check dealer. The OWASP Top 10 is a list of the ten most critical security risks in web application.
The Rating is updated every year. The P2PB2B crypto-currency platform that follows the Standard completely. Since the emergence of the platform Hacker tried 10,000 Times to attack, but failed all of them.
- Practical Trading.
Each stock exchange and Pay out of funds as convenient as possible (support for multiple currencies, and fast transactions).
Trading platforms usually set withdrawal limits to prevent large thefts. Sometimes these security measures are unnecessary, for example if you have a large sum of within a short period of time want to withdraw. A verified account on P2PB2B has a Limit of$ 500 per day. If you are using 2FA to work, is the Limit of 100,000$. In this way, the Exchange encourages its users to pay attention to their own safety.
A stock exchange should also be translated into various languages, an intuitive user interface, as well as a high computing performance, large volume of trade process. The P2PB2B Exchange is able to process up to 10,000 orders per second and 1,000,000 TCP Connections. The balance can be paid in USD, UAH, BTC and ETH.
- 24/7 customer service.
Technical Support should be quick to be in some of the most common languages are provided, preferably directly in Chats. The platform OKEx supports 7 languages, Bit-Z 5, Bitfinex 3 and P2PB2B 8. In addition, P2PB2B will introduce soon a Premium customer service: It will be possible for you to have your own personal consultant who helps you, and to be answered any time with your questions.
- Safety of funds.
Most crypto-currencies should be kept in Cold Wallets. Cases of hacked exchanges and thefts of large sums of money are quite on a regular basis.
Approximately $ 60 million of the Japanese Zaif Hot Wallets were stolen in September 2018, while South Korea lost niche Exchange Coinrail almost $ 40 million. 95% of all Assets are stored at P2PB2B in Cold Wallets.
An important role of the country in which the Exchange operates plays. In First world countries, you can get in the case of an account hack or loss of personal assets to the competent court. We recommend you the choice of a stock exchange, which is registered in Europe, East Asia, and the United States. P2PB2B is registered in Estonia.
- Low Fees.
It is recommended that no fees for the Deposit to be collected in a personal account. The trading fees are, on average, between 0.2% and -0.5%. The P2PB2B Exchange charges no Deposit fees and required 0.2% in the trade.
- Mobile Application.
This feature is handy and allows you to control any time and any place your Assets. All of the major stock exchanges have their own App (Binance, Bitfinex, Gate.io, KuCoin and CEX.IO). In the near future P2PB2B will publish your own App, it will be possible to trade via Smartphone, as well as all the information about Tokens and to check your personal Wallet. The first prototypes of the application have already been published on the official P2PB2B Website.
- Recommendation program.
Many Exchanges have their own programmes for the friendship of advertising, which you get for Attracting new customers is bonuses. In Binance, it is possible, for example, 50% of the Commission for the referred Person to get back. P2PB2B replaced play the traditional friendship advertising with Recommendation based on Game of Thrones. The first season was recently completed. The user who had recruited most of the people, received a 250,000 ETC., and those users who had at least recruited 10 new people acted during the entire following season with lower fees (0,1%). The new season started on 1. February and the Team behind the Exchange provides participants with even more bonuses.
The future of crypto currency exchanges
The cryptographic community has invested in 2017 and 2018 active in ICO projects. In the meantime, this type of fundraising appears to be obsolete, since, in addition to many Scams, too many useless projects, with Tokens of minimal liquidity.
IEO will replace ICO. In the case of IEO, a Exchange is the main organizer of the Token sale. The Coin will be listed on the trading platform and spread his security token.
Each Token is a digital capital, which is tied to collateral. This excludes the sale of “useless” Coins. In contrast to ICO, an Investor must send a credit to a smart contract, but buy a Token directly on the Partner Exchange.
This type of fundraising is especially for investors, is advantageous, since the exchange self-rating of the Investment attractiveness of a project and the associated risks. Scam-projects will not survive the selection process.
Due to the current Trends P2PB2B plans to add the IEO of its platform and is currently looking for Start-ups that want to offer their Tokens for sale.
When choosing a trading platform you ought to pay attention to all the factors mentioned above. It is particularly important to focus on the security, Support, as well as the legality of the Exchange: these are for the protection of your balance that is responsible.
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