1: Basic information about cryptocurrency and crypto trading floors
In terms of crypto trading floors, these are Blockchain platforms designed to facilitate Crypto trading activities. The operational patterns of trading floors are similar to these of banks and the stock markets. Crypto trading floors are considered banks of cryptocurrencies as they provide investors with Crypto wallets to participate in token transactions. Moreover, these platforms can also be considered stock markets because they often update the latest market trends and options enabling potential investors to make their decisions about optimal benefits. Therefore, if you want to be a crypto investor, the primary factors that you should consider in choosing the crypto trading platform are security and data integrity.
Other factors include trading fees, legality of operations, insurance availability, platform financial health, the number of coins, margin trading and short selling, etc.
2: Introduction to Earnsbit.com
Earnsbit is a smart crypto trading floor based on Blockchain, initiated and developed by an experienced team of Singaporean experts in the filed of Cryptocurrency. Earnsbit will offer investors a great experience, because of its fast transaction processing, multiple coin codes available on the system and continuous updates, especially no transaction fees. In addition, continuous interaction between traders creates a sense of excitement for users. Easy-to-use interface along with 24/24 support team will bring users great satisfaction.
3: Prospect and orientation of the project
Monetary Freedom is something we always want to aim to, the influence of blockchain on the global economy is increasingly pronounced in all sectors, Blockchain technology is increasingly widely adopted because of its clarity, transparency and safety. A larger number of corporations have adopted blockchain technology into their system. Typically, Walmart is investing in solutions to improve food safety standards. In addition, Amazon also announced the Blockchain project in 2019.
EARNSBIT's orientation is based on the blockchain platform to create a crypto trading floor with user-oriented functions and experiences. Its orientation for 2020 will be one of the most prestigious crypto trading floors of Asia and the world. Orientation for the second quarter of 2019 will issue ESBIT, a cryptocurrency, representing EARNSBIT.
4: Disadvantages of current crypto trading floors
4.1: High transaction commision
Considering the information received from the recent survey, the average transaction commisions fluctuated at 0.13%. In our opinion, this figure is extremely overstated, which is unfavorable not only for users but also for transactions between systems. Reduced rates will boost the number of transactions, beneficial for all of us.
4.2: High withdrawal fee
As a rule, the transaction of a cryptocurrency from external account to the floor is not subject to commissions, in contrast to the withdrawal of funds, for which additional fee is charged. However, high withdrawal fee of many current trading floors is detrimental to users that only benefits the floor, without the benefits of the community.
4.3: There is no direct interaction between traders
The direct interaction between traders on existing trading floors does not seem to be available, so there will be no shared experiences for beginners. Therefore, the ecosystem cannot be expanded, which is not good for current trading floors.
4.4: Coins of unreliable projects
Recently, there has been an increase in cases of delisting of coins. Such facts have the direct effect on investors' deposits and psychology, since after removal from large websites, the value of asset drops significantly. Stated events cause the situation which has a negative effect on start-ups' credibility and the investors’ willingness to support new projects.
4.5: Security issues
Security is a top issue in transactions as well as crypto storage. Security includes both asset security and personal information security. Some existing trading floors frequently occurs gaps, leading the loss of user assets and affecting credibility of the industry as a whole. In addition, the leakage of personal information needs to be solved, personal information of customers must be absolutely confidential.
4.6: Support for a small number of languages
The cryptocurrency market is actively evolving and gaining popularity in almost all countries in the world. The number of cryptocurrency exchanges is increasing, but the number of languages used is extremely small, mainly the languages of the major countries, hindering the development of crypto system as a whole. Moreover, there are frequent cases of defective or incorrect translation.
4.7: Poor customer service
The occurrence of errors or malfunction in some exchanges is inevitable, regular and timely assistance from publishers will help investors feel more secure.