Steemit Crypto Academy Contest / S1W2 – Reviewing Centralized Exchanges by @joaop

in hive-108451 •  3 years ago 

Hello, I'm a crypto enthusiast and during my journey I have used a few different CEX's. My opinion about them is that they are a easy-to-use platform with a load of benefits for their users. Biggest concern i see people having with CEX's is about assets security, it can be a never ending debate with many opinions, this is mine:
CEX's are great, with only one account we can trade, store ,etc a wide amount of coins and tokens from almost every blockchain! Also, most CEX's have multi-sig wallets wich are much safer than normal wallets.
My personal pick is Biconomy Exchange, a Canadian crypto exchange stablished since 2019 with a security focus! They store 98% of their assets in a cold wallet and have multitier and multicluster arquithecture!
I'm a user for more than a year now and have no complain about it.
One of the main advantages of CEX's are their native tokens, wich tend to have a good performance , and that's where Biconomy beat others. BIT, the native token of Biconomy Exchange, is a community marvel, driven by Biconomy BIT DAO, with a deflationary model and dividends payment from exchange profits it ensures a good long term performance.
Another great feature is the Launchpad, where we can have a share of projects at their incial stage. There hundreds of new tokens everyday. But only good ones get a way into the Launchpad.
So , if you are thinking about wich CEX to choose here is my call: Biconomy Exchange!

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