Walkex

So knowing that risk, you would think that all exchanges would take every single action possible to protect their users, well, that’s not exactly the case.

The WalkEx put together a list of 140 cryptocurrency exchanges and checked for basic security issues that applications should implement. This project inspired us in a very curious way, especially when you make this kind of research in which we came out with solutions to various blockchain themed problems.

  Security: Security breaches are common in the industry and frightening for owners of cryptocurrency platforms as they can mean that personal information of those using a platform can be compromised. People are losing life-shattering amounts of money due to scams and fraud, something that needs to be tackled to protect those investing in coins. The Two-step authentication is an existing and well-used security measure, requiring the user to enter an email address and/or phone number upon sign-up. The exchange then sends the user a text or email with a code to enter when they log in, further confirming their identity. Another option is cold storage, where all the important data is stored securely offline, reassuring users that it won’t be tampered with. 

WalkEx has also introduced the single transaction withdrawal, needing multiple signatures from the exchange founders before a transaction goes through. If a hacker could access the exchange’s systems, the user would have time to halt any further progression. 

  Transparency: WalkEx allows its users to verify the existence of solvency and legitimate commercial volumes; which is highly valued by investors; since they need to know the risk to which they commit to a financial company to which they are entrusting their money. WalkEx remains transparent in this area unlike many other exchange services that keep the details of their internal operations suspicious by hiding crucial information from those who intend to entrust their capital to their exchange company.

  Trading fees: High commissions for exchanging currencies are the general norm for many cryptocurrency exchange services. With each purchase or sale that someone makes in an exchange, a specific percentage of their activity is taken as commission on each occasion even if they are trading with a loss. This becomes a way for exchange services to take advantage to earn money without the participation of their community. 

WalkEx operates in a way that tackles such high fees and at the same time offers an incentive for users who want to be part of the community; which favors clients that enter money making it convenient for them to remain on the platform because they're being satisfied by the service since WalkEx attends their expectations.

This includes a referral system or a profit sharing program; both as a method so that the trader can involve those around them and so they can all obtain an extra benefit from the exchange.

  Credibility: Initial Coin Offerings (ICOs) are a great way to attract investors, but many of them turn out to be scams. WalkEx is an exceptional exchange service that is correctly registered and verified; It has a trained team that has conducted a thorough investigation to offer reliable and credible services.