What are cryptocurrency exchanges?
Cryptocurrency trading platforms, also known as cryptocurrency exchanges, are online platforms where any user can exchange one cryptocurrency for another cryptocurrency, and sometimes buy it using fiat money.
A cryptocurrency exchange is a third-party platform from which you can buy or trade cryptocurrencies. She is the link in the transaction between the seller and the buyer, for which she takes a symbolic commission.
Also, anyone can simply exchange fiat money for cryptocurrency on the exchange.
Today, there are various types of cryptocurrency exchanges, depending on the type of services they provide. These can be trading platforms, peer exchanges or brokers. When choosing a stock exchange, factors such as security, transaction speed, commissions, purchase procedures, ease of use, effective customer service, etc., play a key role for the end user.
In my opinion, the cryptocurrency market is currently in the "volatile growth" stage, which began in late 2016 and is likely to continue in the medium term. Sharp price fluctuations and correction is a natural state for this stage of development.
I believe that the market is not an accidental phenomenon and it is based on fundamental factors, as evidenced by the eight-year history of development, which began in 2009, when Bitcoin appeared - a cryptocurrency that changes the usual means of payment and digital transactions.
Over the past 8 years, Bitcoin and other cryptocurrencies only by the fact of their existence and growing distribution have refuted many negative forecasts, opinions and estimates. They debunked some myths about their insolvency, the lack of prospects and the impossibility of changing global financial relations.
During this period of time, many alternative cryptocurrencies have appeared. Many of them embody completely different ideas and fundamentally new concepts of economic relations. There is a gradual official legitimization of the legal status of cryptocurrencies and the integration of elements of digital transactions into traditional economic systems.
Existing problems in the market
It is no secret that there are a lot of cryptocurrency exchanges on the market today .. Here are some of the problems facing them today:
High fees. The greater the popularity of the exchange among users, the more the exchange sets a commission per transaction. Usually they range from 0.5 to 3% per trade.
Not a very high security system. Many exchanges do not have strong security to protect user assets.
Inconvenient user interface: Many crypto exchanges that have a bad user interface that make it difficult for users to navigate the platform.
Low liquidity: Popular exchanges have low liquidity, which greatly impedes trading on the platform.
Not enough ways to replenish your balance.
Centralization: Many cryptocurrency exchanges are centralized in the sense that only management controls all exchanges. This means that users do not always have control over prices and trading pairs on the platform.
For this reason, today I want to talk about a completely new product, which is an innovation in the market of cryptocurrency exchanges and plans to solve everything for real problems - this is the Catex platform
Catex cryptocurrency exchange
Catex is a revolutionary cryptocurrency exchange that redefines the very concept of cryptotrading. Exchange developers are passionate about blockchain technology and are seeking to create a new solution and transfer Catex platform management to the entire community, Catex will provide a much better and more convenient interface and will bring confidence to the platform itself.
The Catex Exchange is the first truly community-driven exchange platform that is very rarely found today in the cryptocurrency community. Members of the entire Catex Exchange community are responsible for all major decisions made through the platform, including voting. The Catex team will be responsible only for the operation of the platform, marketing and other basic operations within the framework of the platform to increase the user base.
Advantages of the CATEX cryptocurrency exchange
The main distinctive advantages of this exchange over its main competitors are:
Convenient and modern user interface: Catex has a well-designed user interface that makes trading pleasant and convenient for traders.
Control: The Catex Exchange is controlled and managed by the community, which contributes a semi-decentralized function to the exchange and thus creates an environment of trust.
Voting for listing: The community has the right to vote for the listing of a token through a listing contest where two cryptocurrencies that have scored the most votes win the competition. Each voting participant must have up to 10 CATT tokens (internal exchange token, 1 vote = 10 CATT.)
You can go to http://catex.io/voting and familiarize yourself with the current votes.
Multilingual support: Catex supports English, Chinese and many other languages. The default platform language is English.
Lots of shopping pairs: Catex has lots of shopping pairs, so many users can trade top-end digital assets on the platform.
High security: The platform offers users top-quality security and uses 2FA. which is used for withdrawals, login and trading. These high security measures will be implemented by the exchange to protect all assets and funds of traders.
Redemption: The Catex team will redeem CATT tokens from time to time to add more value to the price and will also burn them regularly.
Mining: Users on the Catex Exchange can also earn CATT tokens during trading and receive a 5% bonus for mining.
Blocking your tokens for dividends: Users on the Catex exchange do not fall under the influence of the bear market, the reason is that Catex allows users to block their tokens for up to 60 days and receive daily dividends of up to 90%.
Referral program: Catex offers users a 10% referral bonus when any user invites another new user to the platform. When your referral makes a deal, you get 10% of their transaction fee in CATT tokens.
Own Exchange Token - CATT
CATT is an internal Catex exchange token that was developed based on the Ethereum blockchain, the ERC20 standard.
Traders who hold CATT tokens will receive many benefits, such as: 80% of dividends daily with CATT tokens. Users will also use CATT tokens for voting during the new listing of coins.
My conclusion on this exchange:
Certainly, Catex is the first truly community-driven platform developed by professionals for the sole purpose of providing traders with the best trading platform for cryptocurrency trading. This creates a world-class cryptocurrency exchange.
For more information and participation please visit
Website: https://www.catex.io
Facebook: https://www.facebook.com/officialCat.ex
Telegram: https://t.me/catex_group
Twitter: https://twitter.com/catexofficial
Discord: https://discord.gg/7USsyjK
Support: support@catex.io
Reddit: https://www.reddit.com/r/Cat.ex
Author
Username : erwin_ibrahim
Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=1061924
Ethereum : 0x347A7A7dB223A23774375EFfB6b6e96c5Ac64C1c
Telegram : @erwinibrahim
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