BankDex : A decentralised cryptocurrency exchange.
Introduction
During the past few years, decentralized exchanges have become a vital hub for blockchain technology. Cryptocurrency trading can also be known as trading online platforms that facilitate buying and selling and also trading of fiat currency or different cryptocurriencies on an exchange. A cryptocurrency exchange is a third-party platform which can purchase or trade Cryptocurrencies. It has the ability to enter to crypto assets and trade securely without letting any fraud actions to take place. This is a huge responsibility which this project is holding that goes beyond our expectations when trading in decentralized platforms. There are various types of Cryptocurrency exchange depending on the type of services they provide. They can be Cryptocurrency trading platforms such as peer-to-peer exchanges or in the form of brokers.When deciding to exchange there are factors which has to be analyzed before proceeding.
These factors are :
- Are they providing any security while doing the transaction.
- How speed it is.
- The cost
- The process of buying
- If its user friendly
- How effective customer service
Crypto Currency exchange can be done in 2 forms, They are : - Centralized Cryptocurrency Exchanges
- Decentralized Cryptocurrency Exchanges
Centralized Cryptocurrency Exchanges
A centralized exchange is online cryptocurrency platform that takes the help of a middle person or third party (broker) to execute transactions without fearing about the assets that is in the place. Same like in our day to day life, Customers deal with banks for secured transactions. Here online traders should keep their trust on the middle person who is involved in centralized exchanges to take care of their assets.
Decentralized Cryptocurrency Exchanges (DEX)
A decentralized exchange can be known as trust-less environment as this is also an online crpto currency platform but it eliminate the third party person who will be involved in taking care of the transaction and return all responsibility and security of assets and the ownership of private keys to the respective owner.While there are various decentralized exchanges in cryptocurrency trade world, none of them is introduced without fault. As you may already aware that some lack in speed, others lack in the number of coins that can be traded. BankDex is a unique decentralized exchange powered by immutable smart contracts, aims to overcome the shortcomings of present-day cryptocurrency exchanges.
Features Of BANKDEX
#BANKDEX is a decentralized exchange which is an amazing cryptocurrency exchange. #BANKDEX exchange is in the mission of providing users with simple, reliable and low-cost services which is user friendly, easy to buy and also easy to sell and do trading in local currency – Fiat. #BANKDEX allows to trade in local currency to a range of countries , Which means users are able toactually buy and sell cryptocurrency directly with FIAT currency. This is what makes #BANKDEX exchange one of a kind comparing with other exchange services. #BANKDEX exchange grows to the next generation digital asset exchange for traders of all skill level with the target of making digital currency trading accessible to everyone.One of the innovative technologies of the #BANKDEX trading platform is that it supports the inter- blockchain transfer of crypto assets. Which means that a user can transfer a crypto asset from one
blockchain to an entirely different blockchain altogether.
WHY BANKDEX IS BETTER THAN OTHER DECENTRALIZED CRYPTO TRADING EXCHANGES
#BANKDEX is a fully featured decentralized exchange (DEX) that will have varity of cryptocurrency trading pairs for various user’s t. It ensures to provide the highest possible security and full transparency to all users. The best idea of #BANKDEX exchange is that it removes the involvement of the third party person. And it doesn’t need to collect your personal data such as email, name or identification number. All user data are controlled by the smart contract. Hence only the users have the tendency to control their assets thereby making human mistakes very impossible.
BANKDEX exchange is a revolutionary decentralized Exchange that will redefine crypto trading. It Might sound too ambitious but this is only the reason, the BANKDEX exchange team and developers whom are passionate about blockchain targets to create an outstanding decentralized (Dex) cryptocurrency exchange.
Conclusion
However how much cryptocurrency exchanges have grown, We haven’t been able to rely on a single cryptocurrency exchange that satisfies all our requirements of the trading community. The current market scenario demands an exchange solution which involves the best of the present technologies. BankDex is being able develop to play a giant role of a secure trading platform provider. With an interactive platform, coupled with a seamless network, reinforced by a powerfully built Blockchain, and smart contracts, BankDex targets to be the future of decentralized trading.
For more info
WEBSITE: https://www.bankdex.io/
WHITEPAPER: https://ico.bankdex.io/uploads/whitepaper/WHITEPAPER.pdf
FACEBOOK: https://www.facebook.com/bankdex.io
TWITTER: https://twitter.com/bank_dex
TELEGRAM: https://t.me/bankdex
INSTAGRAM: https://www.instagram.com/bankdex.exchange
GITHUB: https://github.com/bankdex
MEDIUM: https://medium.com/@bank_dex
my Bounty0x username: vira1
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