Cryptocurrency exchanges are undeniably the backbone of Cryptocurrencies because if they do not exist, there would be no way to trade and exchange Cryptocurrencies and so without an exchange, Cryptocurrencies are basically valueless, imagine having a pot of gold with no way to sell it or exchange it for cash or other valuables, you might as well be holding a truckful of industrial waste.
There are two types of crypto exchanges in existence and they are the Centralised Exchanges & Decentralised Exchanges.
CENTRALISED EXCHANGES: During a recent survey, it was discovered that the vast majority of people tend to prefer centralised exchanges and this is evidenced by the fact that so many people seem to prefer it to decentralised exchanges but the only downside associated with this kind of exchange is that traders has to trust their funds in the hands of a centralised organisations, this means that when their funds is in the exchange, the traders are not more responsible for the security of their funds and traders do not like this because from experiences of the past, it is obvious that exchanges has been that major tragets of hackers in the past especially centralised exchanges.
DECENTRALISED EXCHANGES: Decentralised exchanges are simply exchanges built on the blockchain, in this kind of exchange, users are 100% in control of their funds and transactions between users are peer-to-peer with smart contracts acting as escrows, there are die-hard fans of this kind of exchange and this kind of exchange because it is built on the blockchain fundamentals but the downside is that it attracts a lesser number of traders and this affects the market depth.
It is no more a secret that the EOS Blockchain is a very revolutionary Blockchain infrastructure that was established to tackle the problems associated with existing blockchains like the Bitcoin and Ethereum Blockchain, EOS provides not just a highly scalable blockchain, intuitive & reliable smart contract, EOS also happens to be the first ever blockchain that is partly centralised and decentralised.
The EOS Ecosystem is rapidly growing and there are now so many decentralised apps(D'Apps) built on the EOS Blockchain and with millions of transactions carried out so far, but would you believe that if I said that as of the Q2 of 2018, there was no Cryptocurrency exchange built on the EOS Blockchain? Well, this is a FACT.
Where there is an urgent need, it is only expected for that need to be filled by smart people, a group of resourceful EOS Enthusiasts came together to fill this void in the EOS Ecosystem, and so on this note, i want to introduce you to the premier exchange built on the EOS Blockchain, The EOS Exchange(EOSEx)
THE EOS EXCHANGE
EOSex is modeled after the Blockchain that it is built on, and this means that there are so many unique features that can be found in EOSex but one that I would be focusing on today is the fact that EOSex is both centralized and decentralized. They share the market depth.
EOSEX brings both centralised and decentralised traders under one umbrella, when you are in the mood to trade in a centralised exchange or a decentralised exchange, you do not need to look any further because EOSEX exchange gives you that variety to choose from without having to even divide the traders because they share the same market depth.
I seem to have been mentioning the Centralised and Decentralised exchange feature too much (can you blame me? I love it!😉) but this is not the only powerhouse that EOSEx comes with, EOSex also features a Bank Level Security, A world class transaction engine that can handle Millions if transactions per second and to crown it all, Traders can earn additionally by mining the EOSex Token (EXP). Does it get any better than that?
HOW TO ACCESS THE CENTRALISED PORTAL
To trade in the centralised face of the EOS Exchange, just go to EOSex, fill the required registration form, confirm your email and login, Deposit your funds and start trading, it is as simple as that.
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In the screenshot below, you can see that EOSEX is commited to making trading as easy and hassle free as possible, the exchange is very intuitive and easy to navigate, in the trading page, you can find the chart which gives a clear and concise view of the basic candlestick price and volume information, additionally, in the same trading page, users can also access the Order Box, Trade Feed, Trade History and Order Book and even choose different assets to trade without having to leave the trading page.
HOW TO ACCESS THE DECENTRALISED PORTAL
To login via the EOS Exchange decentralised portal, all you have to do is go to EOSEx, and go to the login page, instead of logging in via email, scroll down and you would see the button to login via the Scatter app.
Accessing the Exchange via this portal simply means that you are trading directly with other users of this platform and you are in control of your funds because they never actually leave your wallet, EOSex exchange is the only exchange that offers this service on the EOS Blockchain and because of this revolutionary technology, traders do not have to suffer the problem of scalability and sluggishness in transactions that are experienced by traders in other decentralised exchanges built on other blockchains and like I mentioned earlier, there would be no shortage of orders because both the centralised and Decentralised exchange share the same market depth in EOSEX.
ADDITIONAL FEATURES
MINING: Mining Cryptocurrencies is a very expensive and energy consuming process and in the spirit of simplifying things for it's users, the innovative minds behind EOSex integrated a simplified mining process for mining the EXP token, all you have to do is to hold the EXP tokens and you would be eligible for dividends, no need to purchase expensive mining equipment or to spend a fortune on electricity bills. There is much to be gained by holding the EXP token in the EOS Exchange.
MOBILE APP: The world is going mobile, many traders prefer trading in mobile devices because mobile phones allow you to trade on the go no matter your location as long as you have access to internet services and EOSex anticipates this need and has already developed and released a mobile application that would ensure that traders never have to stop trading even when they are travelling!.
Download HERE
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