With more than 200 crypto exchanges on the Internet, trading cryptocurrency is certainly a fast growing trend. Many people are hesitant to start using crypto exchanges, due to negative media stories, and frequent issues and challenges faced by exchanges, but there are solutions to problems within the cryptocurrency exchange industry.
Crypto exchanges have emerged the tool to profit from crypto asset ownership but they are far from being without their pitfalls. The exchanges, as a centralised point of sale, do not fit well with the idea of a decentralised financial system: they are a single point of failure, but this is not the only issue.
High fees for trading are the norm for many cryptocurrency exchanges. With every trade an investor makes on an exchange, a specific percentage of their order activity is taken as commission for the trade even if they are trading with a loss. This therefore becomes a money-making option for exchanges, without the community getting a share.
Also, 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.
Whether you are a professional or newbie investor, you need a trustworthy exchange to trade cryptos – that’s where the Boostedpro platform comes handy. Boostedpro provides solutions to problems bedeviling other exchanges. The platform is blockchain-powered and encrypted to protect users’ funds. So, you have nothing to worry about trading cryptos with them.
Wondering how to get started with Boostedpro? Visit https://launchpad.boostedpro.com to register an account for free.