Cryptoa -The Solution to Crypto Exchange Problems
What is Cryptoa?
Cryptoa is a cryptocurrency exchange. It can be said to be a hybrid crypto exchange that enjoys the benefit of both the CEX and DEX model. Cryptoa aim is to solve the problems associated with the existing exchanges and in doing so, will provide a smooth crypto exchange. Some of the existing problems associated with existing exchanges are:
- Withdrawal limits: As we all know, most of the existing crypto exchange usually place a restriction on withdrawal, with some requiring a specific level of verification before you are able to withdraw at a specific limit. The only time you might be allowed to have an unlimited withdrawal limit is only when you have acquired the highest level of verification.
- Lack of Brokers supports: There is a huge gap among the broker's community as a result of the acceptance issue faced by cryptocurrency because of its very volatile nature and its acceptance by one region compared to the ban of another region.
- Lack of communication between traders: There is currently no mode of communication among brokers on any cryptocurrency exchange. Surprisingly, right?
- Mismatch of Orders: This is a very popular one and I know of many traders who have made a lot from this problem. This issue can be described as the issue where you will find different variation of prices across several exchanges giving opportunity for arbitrage. Most of the time this is due to trading error and also the hidden exchange charges.
- Lack of marketers and promoters: This is another major issue faced by most exchanges whereby there no enough marketers to help promote the project and give it a wider reach.
- Non-responsive websites to customer complaints: As we all know customer services play a huge part in determining the growth and success of a firm or company. Most current exchanges lack in this area, I can testify to the fact that I have used exchanges that I opened a complaint ticket since November last year and to this moment there has been no response from them.
The Cryptoa Proposed Solutions
- For the issue of withdrawal limit issue, Cryptoa proposes that credit lines with high liquidity and security is required for the exchange to succeed while allowing its users to have a normal limit to withdrawal.
- For the second problem, Cryptoa tends to incentivize the broker’s community and converge them in a single platform so as to improve volume.
- For the third Cryptoa proposes one business day settlement solution.
- For the fourth, using NASDAQ based technology, where there will be an order matching book that will be available to both traders and investors also with a live transparent sheet for every coin on the exchange, this sheet will be adjusted based on the current price in the total market on a real-time basis.
- For the fifth, Cryptoa will have their own well trained and experienced marketers and promoters that will be tasked with getting investors and giving this project a wider reach to the public.
- For the sixth issue, there would be a 24/7 all-round chat assistance that will be on standby and ever ready to attend to customers complaint.
Above I have shown you and explained the solution to problems faced by current cryptocurrency exchanges and how Cryptoa can be able to solve the various issues.
You can follow them on
Facebook: https://www.facebook.com/CryptoaExchange
Twitter: https://twitter.com/CryptoaExchange
Telegram: https://t.me/cryptoaexchange