There are so many problems that face the crypto markets. Some of these problems have been identified by amplified exchanges. Amplified exchange is working towards reducing such problems using different strategies. Such problems include; the poor flow of funds, lack of mass adoption, usability and portability, and so many others.
Flow of funds
In the current crypto market, there is a huge problem when it comes to the flow of funds. Money flow from fiat to crypto assets is one biggest problem. Fiat transactions are only accepted by few exchanges, thus making its transaction a big problem. Normally if you intend to exchange fiat currency to crypto currency, you will be required to be a holder of either bitcoin or Ethereum. This process will involve the payment of different transaction fees. This process will take a lot of time, as well. Due to the slow process involved, many users eventually become inactive. Amplify exchange has the fiat to a crypto solution that has simplified the experience and moreover provided a user-friendly interface to the digital asset holders. This, in turn, has made it easy for crypto users to access the cryptocurrency markets conveniently. With the new process at amplifying exchange, you can simply execute fiat purchase using any payment method of your choice.
Adoption, portability, and usability
Cryptocurrency markets are facing a big problem when it comes to adoption. In order to speed up the adoption process, the most essential functions, such as brokerage and exchange platforms, must be amplified. Amplify main exchange motive is to ensure that cryptocurrency is accessible and seamless to the users. Amplified exchange will use its tools and strategies to empower other platforms that are capable of performing multiple and complicated back-end conversations.
Portfolio management
Most of the cryptocurrency platform neglects portfolio management capabilities. They lack the most basic capabilities, such as historical performances and others. Such neglects can cause liabilities to customers, for instance, zero tax reporting capabilities will result in significant tax liabilities. Amplify exchange will provide a consumer portfolio management, which will be a foundation to the additional blockchain applications that are outside trading.
Expensive fees
Cryptocurrency brokerages and even exchanges take advantage of the user by imposing expensive fees. However, some of the exchanges try to reduce such fees by using signature tokens. Amplify exchange will use the same approach to minimize further the imposed fees. AMPX tokens earned in amplify exchange will as well be used to reduce such fees. Moreover, the amplify team will work to ensure that you earn both the sub and the AMPX. Consequently, the fees required will be minimized to the lowest level possible.
Security
Cryptocurrency is facing a big challenge of loss of funds through hacking. Amplify exchange will use the best cryptographic security, and other measures to protect you the cryptocurrency user. Human interactions will be monitored as well to avoid fund loss through stealing. Amplify exchange will provide software that will control and monitor all the human events. Amplify is working to reduce all the problems that are currently facing the cryptocurrency market.
Official links for more details,
Website Link : https://amplifyexchange.com
Whitepaper Link : https://amplifyexchange.com/wp-content/uploads/2019/05/Whitepaper-V7.2.pdf
Twitter Link : https://twitter.com/AMPExchange
Telegram Link : https://t.me/AmplifyExchange
Facebook Link: https://www.facebook.com/ampexchange
Medium Link: https://medium.com/@amplifyofficial
My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=1434888
