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?
Bithemoth platform is a platform to offer multiple products and services to clients who intend to earn massive returns on their investment. The platform will come out with user-friendly system that combines both the traditional and market and blockchain based asset. The platform has the vision to mentor fresh investors to become well skilled on the crypto market through supportive, unpretentious and user-friendly platform. Traders also get privilege to enjoy a highly flexible, fast and secured environment. Bithemoth platform will not halt the provision of user-friendly platform to investors and will continue to provide latest and complex incremental step and ICO incubator that will provide users with diverse opportunities to make good use of their crypto or take benefits of incoming developments.
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. Though most investors like to store funds without physically contact of the funds, they can never go away from allocating portions of the funds on exchange sites due to subsequent trading. 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 most people use to follow in order 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. Most cryptocurrency trading exchanges are bombarded with numerous charts that have no specific explanation to its users. This makes it uneasy for the newly registered user to learn the ropes to become professional investor. 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. There is the major challenge of unresponsive support team to impolite staff members on most exchange platforms. 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 much bad criticism 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 BITHEMOTH PLATFORM
Bithemoth platform is making consultation with some industries that are very expert from diverse trading backgrounds to create stronger, healthier and powerful interface. The platform will release sections of videos that will vividly explain how users of the platform will make good use of the unique features of the platform.
Bithemoth platform also has a pleasant trading environment due to the availability of a highly expert and support team to address concerns and grievances of users on the platform. The support team and experts will be adequately trained and certified to handle questions and complaints of users. The moment users report issues concerning transactions, there will be customer care to clarify and respond to complaints as soon as possible to ease tension on the users.
Moreover, Bithemoth believes strongly in transparency and seeing that transparency is a key to success of any business, they have installed high level security architecture to protect investors’ funds and guarantee its safety.
To add up, Bithemoth platform has invented an easier and adoptive system in order to operate as a link between traditional finance and digital asset economy.
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Author: Rastafarian
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