OOOBTC EXCHANGE: A REVIEW.

The number of people that pours into the crypto space every day gets outrageously high as the day goes by, almost everyone wants to acquire Bitcoin, Ethereum or some cryptocurrency and the crypto market keeps flooding daily with these enthusiasts.

An exchange is a platform where people trade and swap cryptocurrencies and serves as a major source of income to most people.

All of these crypto enthusiasts must make use of an exchange platform to be able to acquire the cryptocurrency of their choice and that is the main importance of an exchange it helps in boosting the use and adoption of cryptocurrency also strengthens it's liquidity. There are hundreds of exchange platforms which may be web based or an app but nevertheless still does the same job.

An exchange is just like a crypto based market and what happens in the market or an exchange will affect cryptocurrencies too that includes an exchange platform having technical or structural issues these issues greatly affects the market and some of these issues are;

1. Security Issues: The security issue of a centralized exchange is flawed in many aspects

Firstly, centralized exchange requires that users submit their personal information when creating an account on the platform thus subjecting user data to being stolen which could be used for fraudulent schemes and making users lose control of their data.

Secondly, in centralized exchanges users store their digital assets on the exchange so if anything goes wrong such as the exchange being hacked all of the user asset is all gone.

2. Traditional Infrastructural Design: Traditional infrastructures are still being used to design centralized exchanges which is why it keeps suffering from poor technical architectures and implementing traditional techs in a modern world infrastructure is just all wrong it won't even work well for long.

3. Poor customer service and zero multi-lingual service.

4. When an exchange begins to charge its users huge transaction fees they are bound to leave while some may continue other may just drop the idea of using cryptocurrencies ever again and in one way has affected market price

Today, we see many exchanges getting hacked, scamming it's users of all their digital assets the system keeps getting flawed everyday and it needs to be fixed else this crypto rage would die away which is why OOOBTC EXCHANGE is the exchange that fits the perfect description of an exchange... check out its features...

1. OOOBTC exchange is a decentralized exchange thus transaction fee is lower, equal rights for everyone on the platform and it is designed with up-to-date amenities and features that will make trading a hassle-free experience.

2. OOOBTC provides unique system functions which should suit every trader's style, these functions are;

- Over the counter trading

- Future contract trading

- Whole network trading

- Spot trading

3. The developers of this exchange understands how crucial security could be, therefore took the security aspect on a higher level by introducing top notch security mechanisms and features which are;

- A 2-factor authentication feature

- Encryption Technology: This will encrypt user information on the platform and ensure safety of funds.

- A cold wallet storage which may be in form of a device where users can store their assets offline thereby completely warding off an form of cyber attack.

4. Supports multi-lingual services and round the clock customer service, this is done so that no one from any part of the world would be left out of an innovation as wonderful as this and even the latest crypto user will still be able to handle transactions and trades with the aid of customer service.

Current exchanges make use of traditional infrastructures to set up their platform only changing one thing or two but nevertheless still the same old stuff and imagine the use of traditional techs in a modern world it would fail sooner or later. OOOBTC developers took their time in setting up this exchange, made use of recent technologies that is why it is so rich in technical architecture this makes it not just a present day exchange but an exchange that will suit future businesses as well.

OOOBTC exchange addresses all the issues faced by common exchange platforms so that crypto trading will be an easy convenient experience for everyone.

Hope you enjoyed your read and to know more about the project refer to the links below;

For more information refer to the links below;

Website: https://www.ooobtc.com/trading

Whitepaper: https://www.ooobtc.com/assets/whitepaper/obx.pdf

Twitter: https://twitter.com/ooobtcExchange

WRITER'S INFO

Bitcointalk username: ezeobulu007

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2388805;sa=summary