Trading safely on cryptocurrency exchanges and how robotic advisors can help you in that matter?

The emergence of cryptocurrencies signified a new dawn in the global financial world of today. Digital money, which is largely based on the blockchain technology, is already way past the stage of arousing suspicion with the investors of various scale. It is gradually transitioning from being labeled as the “next financial pyramid” or the “swindlers’ mean of rapid enrichment” to the generally accepted financial instrument that it traded by millions of people daily.

Just like the conventional valuable assets, such as stocks, futures, and bonds, the cryptocurrencies are now being widely traded on specific cryptocurrency exchanges. Since these exchanges are relatively new to the financial world, they often face certain issues which may impair the overall trading experience. However, in the modern tech world, every issue is almost instantly countered with a solution. Decidex (DDX) is the decentralized cryptocurrency exchange that will revolutionize the way people trade cryptocurrencies and, most importantly, it will resolve the major issue which is the safety of trading.

Trade safely with Decidex

First off, let’s define what safe trading actually means. Obviously, absolute protection of all digital assets is the main condition for safe trading on crypto exchanges. Those who follow the news from the world of crypto have probably heard of the numerous hacks aimed the well-known exchanges. Just over a year ago, a whopping $65 million was blatantly stolen from Bitfinex, one of the biggest crypto exchanges in the world. One of the main reasons why such hacks become possible lies in the fact that almost all popular exchanges are centralized which, frankly speaking, contradicts the very concept of cryptocurrencies. Decidex is a fully decentralized crypto exchange where users are allowed to control their digital assets. Moreover, this exchange is completely protected from any interference from third-parties through the use of the state-of-the-art algorithm and verification methods. The absence of a centralized server makes it a lot harder for hackers to conduct a devastating attack. In addition, most assets are stored in the so-called cold vaults or the offline wallets which are protected by the electronic multisignature for an extra protection.

The second important aspect that all traders must take into consideration is the speed of transactions. When trading in big volumes, even a fracture of a second could be critical in terms of the amount of potential profits as the cryptocurrency exchange rates could rise or drop significantly in an instant. The use of the Delegated Proof of Stake algorithm allows for reduction of transaction speed to a second. It also drastically increases the speed of deposits and withdrawals which adds another facet to the safety of trading since the easiness and the swiftness of transaction is a burning issue on most exchanges.

The third issue is related to the anonymity. Cryptocurrency was meant to be the mean for anonymous payments, but most in order to register on most crypto exchanges, the new trader would have to provide a lot of personal information, from the passport scan to the banking statement. This could pose a problem for those who want to trade in full confidentiality in order to avoid possible problems with the law. Decidex grants its users such privacy as it not only gathers a minimum amount of information but also provides an in-built VPN service in order to take a trader off the radar completely.

The fourth and final condition for safe trading is the integration of a trading platform with all devices and operational systems. Crypto trading is characterized by the rapid shifts in currency rates, so it is of utmost importance to be able to monitor the market at all times. Decidex grants the traders an opportunity to exchange currencies and monitor the market in real time on all available digital devices and share valuable information using such messengers as Wechat and Telegram.

Why robotic advisors can help you get even more profits

Considering the vast volume of new information that appears in the crypto world every day, it is rather difficult even for the most competent financial consultant to keep track of it all, thus providing full and comprehensive analysis of the situation. That’s where robotic advisors come into play. It is an AI-based self-learning software that is capable of gathering and digesting every bit of valuable information. The trader of the investor then gets the most detailed and well-elaborated investment analysis and forecasts, based on the current portfolio, trading habits, and propensity for risk-taking. Using robotic advisors provided by Decidex is also more advantageous from the economic point of view because this exchange charges only 0,2% commission compared to 1,35% charged by the “human” financial consultants.