Even though many young and promising investors are highly motivated to enter the crypto world, they are unable to choose the best exchange for buying/selling cryptocurrencies. Why? Let’s say they want to go for the leading exchanges like Poloniex, Bitfinex, etc. Do these exchanges provide a 100% guarantee for your funds? The answer cannot be ‘Yes’ because of the hacking of leading exchange like Bitfinex in 2016 which lead to the loss of approximately USD 60 million worth of Bitcoins. The accounts of many users had been completely wiped out. This kind of security threat in centralized exchanges poses a great challenge for the crypto companies to attract new investors. So, they are slowly moving towards decentralized exchanges.
A decentralized exchange can provide better security for the user’s funds as they are fully controlled by them. The funds are not stored in the exchange’s wallet but in the user’s personal wallet thereby offering great freedom to the users for withdrawal of their money. As the transactions are P2P (Peer-to-Peer), decentralized exchanges provide more privacy to the users as they don’t need to share any kind of personal information with the exchanges. Many decentralized exchanges are slowly emerging, and DEEX is one of them. What is DEEX? How is it different from others? Read below.
DEEX (Decentralized Exchange) will be functioning as a full-fledged financial ecosystem for the cryptocurrencies by utilizing the best features of the blockchain technology. Using DEEX, you can buy/sell or trade cryptocurrencies using any type of payment method like credit cards, net banking, SWIFT transfer, etc. The functionality of DEEX is based on the popular blockchain platform BitShares 2.0 or Graphene.
During the first phase, more than 10 cryptocurrencies including Bitcoin, Ether, Litecoin will be listed on the exchange. Some of the key features of this platform are given below:
- As the DEEX is based on BitShares, the processing speed will be 1,00,000 transactions per second which are far higher than a VISA or MASTER card network (20,000 transactions per second).
- Multiuser control for improving the overall security
- Ability to create your own token assets and trade them
- Escrow protection for accounts
- Cryptocurrency based debit cards that can be linked to fiat gateways
- Development of API to integrate third-party providers with DEEX
- Creation of a network of Crypto ATMs
- Mobile app for iOS and Android platforms
- Multi-level Referral programs
Check out the official whitepaper of DEEX https://deex.exchange/docs/DEEX_wp-2.0_eng.pdf to know the complete list of all the features provided by the decentralized exchange.
Besides the features listed above, DEEX platform also provides 24-hour technical support which makes it a user-friendly platform for not only the newbies but also experienced investors. It also provides a secure financial messenger that can be utilized by a buyer/seller for getting fast and secure communication. The company will be issuing the DEEX tokens during its token sale event. To read more information about the pricing, availability, and sale of DEEX tokens, please visit https://deex.exchange/
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