Have you ever thought of how to overcome some peculiar 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 criticisms 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 BY MASTERCOIN
Mastercoin can be said to be a privacy-enabled cryptocurrency that looks at payment ysytems and it is fundamental of our master suite of the exchange platform to ensure that assets are protected and taking good care of.
Securing the holdings of investors, entrepreneurs, consumers have been a major factor The Master Group seeks to provide. There has been the issue of insecurity pertaining to the wallet and some exchange platforms you can think of.
With Mastercoin, Protect and raise your digital assets and get rid of the stress of managing wallets on your local machine with our special cryptocurrency savings system.
Mastercoin helps protect your holdings in our pioneering blockchain-secured cloud wallets that give you options for growing your portfolio through interest-earning. This is a portion I like most about the platform where you will earn interest at the end. This is awesome.
ROADMAP
Moreover, MasterSafe users can grow their holdings through interest earned using our dynamic interest exchange that empowers users to pledge assets, borrow, and lend peer-to-peer- right from your wallet. The MasterSafe wallet system protects your cryptocurrency holdings while providing you with options for growing your savings with lending options. Kindly refer to our {Website}(https://mastercoin.one) for detailed information.
Lastly, MASTERDEX cannot be left out when we are talking about cryptocurrency exchanges and mastercoin in general. The provision of security, speed and stability by masterdex hybrid centralized exchange. The masterdex platform ensures security of fundamental selling and buying that is trading of sophisticated goods in general by the traders. With Masterdex exchange there is the assurance of maximum security prior to wallets used for transactions and there is also transparency and protection with the blockchain thechnology.
TOKEN DISTRIBUTION
READ MORE ON US
Website: https://mastercoin.one/
Github: https://github.com/mastercoinone/mastercoin
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Twitter: https://twitter.com/MasterCoin_one
BitcoinTalk ANN: https://bitcointalk.org/index.php?topic=4567811.0
Block Explorer: http://explorer.mastercoin.one/
Wallet: https://github.com/MasterCoinOne/MasterCoin/releases
Author: Rastafarian
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1924304
Eth. Address: 0x2D6FBD3234Db7Da3F1D943Fba09018A89e2F2DC3
Getting secured wallets on exchange platforms has been a challenge nowadays. Very thankful of the team bringing up such an initiative.