WEIDEX DECENTRALIZED EXCHANGE OVERVIEW

in #crytocurrency6 years ago (edited)

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Bitcoin and cryptocurrency is quite popular nowadays, most of the people has got fortune by trading bitcoins and using block chain technology as in the world half of the population is trading with bit coins. People can purchase many items using these digital coins and can also store them in account rather than using physical cash, and weidex is an exchange which helps users to trade easily by eliminating the middle men and all other third party so trading can be safely and efficiently faster. They are trading digitally which is a contract called smart contract. Exchanging through weidex is faster because users don’t need to type any personal information so it’s quite quicker, exchanges in weidex platform is safe and also risk free where most of the trading done in online is unsafe because of hackers and other cybercriminals. Weidex provides the best and secure exchange service to the users. There are a lot of problems and issues related to block chain technology, bit coins and crypto currency as this is technology and digital currencies and we all know technology can’t be trusted and there also liabilities to the use of technology which are there is rare use of liquid cash as most of the trading and exchanges is done online so there is no use of liquid cash or physical currencies, then less market rules and or proper law, as in physical market theft and other crime is difficult to commit but in online hackers and cyber criminals can hack and steal all the bit coins, and other issues such as delaying of transactions can lead to misunderstandings.

Why Weidex?

Weidex provides bonuses to the users who refer weidex to their friends and get 20% bonus of their friend’s trading and whenever they invite they keep getting bonuses so this is beneficial for the weidex as they get wide number of users and also beneficial for the users as they get bonuses.
Weidex also charges lower fees than other block chain platforms so its beneficial for the users and its also fast and efficient.
They also use oracle where to make it safer and let user know that the messages they receive aren’t fake or by unknown users.
Crypto currency trading online is bit risky as there are many hackers and cyber criminals so weidex use atomic swap as when users trade or exchange and in the middle if the transaction stuck then the currency will go back to the users and it’s safer
Weidex also has many other uses as its fully transparent and users can keep a track of the data, and there is no withdrawal limitation as well, as weidex charges very low fees during trading but when the trade volume is high there will be no fee deduction.

Summary

In my point of view weidex is really useful platform for exchanging as its decentralized exchange, it has many advantages which I have mentioned above and its fast and secure alone with lower fees and online friendly customer service all the time and also many advantages for the users while referring to a friend. It has high security system to protect the users currency and users can enjoy airdrops and other benefits as well.

To contribute and Know more about the project, you may visit some of the following Links:

• Website: https://weidex.market/welcome
• Whitepaper: https://weidex.market/images/whitepaper.pdf
• Telegram: https://t.me/weidex
• Twitter: https://twitter.com/weiDexExchange
• Facebook: https://www.facebook.com/weiDexExchange/

My info :
BTT Username: Rayed
BTT URL: https://bitcointalk.org/index.php?action=profile;u=1944534
My ETH Wallet: 0x41Ff03242821147337b04c2a62067Cb4fC9945E7