Hello and welcome to Digital Gold, a review of the best cryptocurrency exchange that will help you make better investing decisions with reliable information.
The purpose of this article is to educate you about cryptocurrencies so you can make an informed decision about investing in them. There are several different cryptocurrency exchanges available and many of them offer a wide variety of coins to trade. Some of them are more established than others, however, no one can predict the future of cryptocurrencies so it's important to do your research before making a purchase.
Basic Information
Founded in 2015, bityx exchange is one of the newest and most popular cryptocurrency exchanges. With lots of positive feedback on social media, this company clearly knows how to deliver on their promise to provide a safe and secure place to buy and sell cryptocurrencies. If that's something that interests you, continue reading.
Features
When it comes to features, bityx exchange really shines. Not only do they offer a safe and secure place to purchase cryptocurrencies, but they also provide several different types of analysis that can help you better understand the current state of the market. For example, the platform gives you the option to view market data in several ways including by price, volume, and market capitalization. One of the unique things about this platform is that it provides you with real-time notifications when there's big news related to your favorite cryptocurrencies.
User Interface (UI)
One of the reasons why bityx exchange stood out to me was their clean and simple UI. While some cryptocurrency exchanges can be a little tricky to navigate due to their complex interface, this platform does a wonderful job of keeping things simple and easy to understand. When you log in, the first thing you'll see is the tabbed dashboard that contains all of the necessary information you need. From here, you can easily select which group of markets you'd like to work with (e.g., cryptocurrencies, stocks, or indices) and then proceed to make your selection. Once you've chosen your desired assets, all you have to do is click the + symbol in the center of the screen and you'll be transferred to a trading page where you can start placing orders.
One more thing about the UI, which makes it stand out even more, is the color scheme they've used. While it's not entirely uncommon for cryptocurrency exchanges to use yellow or blue as their main UI colors, it's pretty unusual to see them used together in the same design. It gives the site a clean, fresh look while still staying true to its cryptocurrency roots. If you're looking for an exchange with a modern feel, you can't go wrong with bityx.
Security
One of the main concerns of any investor is security, especially when it comes to storing your money on an online platform. Thankfully, bityx exchange takes security very seriously and offers several different options for how you can protect your personal information. First, you have the choice of using a traditional username/password login or an e-mail verification system. The second option is to use a cryptocurrency wallet that stores your funds in a more secure manner than a basic web browser. For example, do you remember the Mt. Gox fiasco in 2014? That was when 850,000 bitcoins were stolen from the cryptocurrency exchange due to a hack. To prevent a similar incident from happening, bityx exchange uses two-factor authentication (2FA) and a one-time use password (OTP).
Another important thing to consider is whether or not the exchange you're considering using is based in Canada or the United States. Due to US securities regulations, all publicly traded companies must report their cryptocurrency holdings to the United States Securities and Exchange Commission at least once a year. However, Canadian exchanges are not required to report their cryptocurrency holdings because they're considered "novelties" and not "currency or financial instruments". If you're located outside of Canada or the United States, it's essential that you research which type of jurisdiction the company is incorporated in before making a purchase.
Conclusion
Overall, I really enjoyed my time using bityx exchange. I thought their UI was phenomenal and the fact they take security so seriously is also very reassuring. In my opinion, bityx exchange is definitely a step above the rest when it comes to UI/UX and security.
If you'd like to try out bityx exchange , you can click the link below to be transferred to their website where you can sign up and make an account. Just remember to bring your laptop, desktop, or mobile device with you so you can complete the registration process. Once you have an account, you can click the dashboard link in the upper right-hand corner of the screen to get started trading. Good luck out there.