Today there are a host of platforms to choose from, but not all exchanges are created equal.
Types of exchanges
Trading Platforms — These are websites that connect buyers and sellers and take a fee from each transaction.
Direct Trading — These platforms offer direct person to person trading where individuals from different countries can exchange currency. Direct trading exchanges don’t have a fixed market price, instead, each seller sets their own exchange rate.
Brokers — These are websites that anyone can visit to buy cryptocurrencies at a price set by the broker. Cryptocurrency brokers are similar to foreign exchange dealers.
ProBit is leading the way towards real innovation in the cryptocurrency space. Set to launch this coming October, ProBit will be a Coin-to-Coin (C2C) Exchange encompassing major financial markets globally.ProBit differentiates itself from other exchanges by building an advanced platform that is most global, professional and secured.
ProBit Exchange was built with features guaranteed to provide traders with the best trading experience.
SECURITY:
This is one of the biggest issues in the cryptocurrency industry. Exchanges are at constant risk of hacks, frauds, and pump-and-dump schemes. That is why one of the most important things you must do before choosing your crypto-shop(s) is to do your research.
Some of the other safety cryptocurrency exchange features you must check on the exchange include:
Two-factor authentication — also known as 2FA, is a method of confirming your claimed identity by using a combination of two different factors: 1) something they know (like your password), and 2) something they have (like a 6-digit number they’ll send to your mobile phone or your email address for the second step of the verification.)
Cold storage for the majority of funds — This means they’ll store your funds offline, so that risk of online hacking is lower. We’ll explain more about this in Chapter 5.
Proof of reserve — This requires the exchange to be audited to verify that the total amount of funds held by the exchange matches the amount required to cover an anonymized set of customer balances.
Supported Cryptocurrencies
There are thousands of different cryptocurrencies you can invest in other than Bitcoin. Once you’ve decided which cryptocurrencies are right for you, you must make sure your exchange carries them. Probit 150+ digital currencies are ready to be listed with 20+ currencies available from Day 1.
Liquidity
Without sufficient liquidity, the prices and the speed of your transactions might get compromised. Once you’ve decided which cryptocurrencies you’d like to purchase, you should make sure your exchange offers sufficient liquidity and trading volume that helps your transactions to be fast and easy. This also means that you’re able to buy and sell without the cryptocurrency’s price being significantly affected by big market movers. The more buyers and sellers there are the more liquidity that exists. Probit Processing capacity of 1,500,000 order matching per second.
The cryptocurrency ecosystems continue to expand everywhere around the world. ProBit is building a cryptocurrency exchange that will feature the most robust toolset for professional trading the world, creating a global and secure marketplace for digital assets.
For more information about the Project, please visit the following links:
Website = https://www.probit.com/en-us
Telegram = https://t.me/ProbitEnglish
Facebook = https://www.facebook.com/probitexchange
Twitter = https://twitter.com/ProBit_Exchange
Medium = https://medium.com/@ProBit_Exchange
Created by:
Bitcointalk username: Mrtenex
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=1212994
