A cryptocurrency exchange can be define as a platform where you can buy sell or exchange one cryptocurrency for another or fiat currency. An interest in cryptocurrency Asset is the first point that comes to the mind of newbie and expert and how they can purchase this asset safely with their personal details be hack , with these curiosity of cryptocurrency Asset , cryptocurrecny platform was develop where users can buy and sell their crypto asset.
Cryptocurrencies exchanges are the widest platform to buy and sell coins and although exchanges constantly evolve and still be face with tough challenges.
The biggest concern revealed in the survey is Security. It is the most common problem as cryptocurrency trading platforms are online, connected to the internet 24/7. Thus, easily accessible to hackers. It is obvious that the traders are concerned about their investments. And because of this few aspirants are holding back to try their hands on cryptocurrency trading. Below are some of the cryptocurrency exchange that have been hacked.
In March 2014, It is no surprise that by far the biggest hack in the history of cryptocurrencies happened to Bitcoin in the days of its infancy. The world's most popular exchange, MtGox, finally admitted its insolvency due to ongoing hacks. MtGox employees failed to protect the private keys of its wallet where it stored all the customer's deposits, and hackers would routinely drain this wallet into their own pockets. Everybody who had money stored on the exchange lost it. This amount of 850,000 Bitcoin is currently worth more than 6 billion US Dollar.
In January 2018, While Coincheck exchange managed to use cold wallets for its Bitcoin trading operations, they have neglected security measures on the up-and-coming Asian crypto, NEM. All of NEM deposits on the exchange were stored in one wallet. Whether it was a hack or an inside job - I guess we will never know. And it doesn't matter to those who have lost their money.
WHAT ARE THE SOLUTION TO THESE CHALLENGES?
Highly profile security measures of multiple layer encryption is the key to the solutions of theses crypto exchanges platform.
Audited penetration test is carried out for crypto asset done by highly profile software wizard both internally and double check by extender bodies to confirm the Authentication of crypto wallet.
Bank level security encryption for computer/servers to process all kinds of transactions
Macro wallet are secure and kept in place for Bank custody .
WHO IS PROVIDING THESE SOLUTIONS?
AXNET is the number one provider of solutions to security challenges face by users of cryptocurrency exchanges platform.
INTRODUCTUION OF AXNET
Axnet is a Hydrid (Centralize and Decentralize ) Cryptocurrency and Fiat currency exchange platform built with a sophisticated and robust technology with high speed of performance , compliance, security and user friendly to meet the current demand of cryptocurrency and fiat currency users present and future needs globally.
Axnet cryptocurrency platform is trading with the most recognize and accepted cryptocurrency Asset and also possesses her own token called Axnet token.
AXNET TOKEN is cryptocurreny token that is built with a world class facilities under the Ethereum smart contract (ERC -20).
This token is the best token for trading and can be easily be liquidated , When trading cryptocurrency, traders often have to place their sell or buy order and wait for the order to be filled. However, the fact that many exchanges don’t have a reserve pool means that traders must wait until there’s a willing buyer on the network before their order is filled. Hence, many traders often find themselves trapped in the market beyond the timing of their exit signal but with the help of this Axnet token trading life is made easy, friendly and comfortable for everyone.
What Other Benefit of Using Axnet Exchange Platform?
Trading fees
Axnet has the lowest trading fee for cryptocurrency and fiat currency, the fees are so low that you don’t even feel it as a burden.
Customer support
it is top most priority in Axnet cryptocurrency platform to care for all users with a speed of light to response to their enquiries irrespective of their background and social status.
Users Wallet
trading Platform hosts a traditional digital asset exchange with rechargeable addresses and allows users to utilize their own wallets in our Decentralized Interface enabling a peer-to-peer transaction.
CONCLUSION
AXNET is a Licensed & Regulated Exchange and is here to make the cryptocurrency and fiat trading a safe place for all trader.
More for info and update about Axnet exchange platform follow the below link
https://ax.net/
https://ax.net/docs/AXNETWhitepaper.pdf
https://twitter.com/Ax_Net
https://www.facebook.com/axnetexchange/
https://www.reddit.com/r/AXNET/
https://medium.com/axnet
https://www.linkedin.com/company/axnet/
https://t.me/AXNETCommunity
https://t.me/AXNETNews
Author Detail's
bitcointalk username: wizardcrypto
Bitcointalk Url Profile: https://bitcointalk.org/index.php?action=profile;u=2312222
wow, this is awesome, can we buy the tokens yet?
The ICO is still going on , you can buy now and you feel much happy you did , best decision ever.
Better knowledge about cryptocurrency
This crypto exchange is highly secure , the project is big , the whole world will see it . Follow the link shared and you can also participate in the ongoing initial coin offer
Axnet has bring cryptocurrency trading to limelight, cant wait for the exchange to be launch. All road leads to axnet trading
Thanks for the information
Well presented brother. Keep up the good work. 😉
Following you for more.
Nice informative blog sir
Posted using Partiko Android
Great. Can i participate now.
Well explain bro.
This project we change the traditional way of trading in crypto exchange to a more friendly and secure way of trading, dont miss the ico
good post, the ICO looks promising
Follow the link shared above you will get more update and info , pls don't miss these life changing platform ico
what a project and idea.
. it will grow higher...
Axnet exchange will be great from this analysis so far from you Sonny... I will take my time to check more details about project from the whitepapar. Thanks for letting us know on time.
Thanks