12 Reasons Why Txbit.io Differs From Other Altcoin Exchanges

Txbit Exchange
Oct 19, 2018 · 4 min read

Txbit.io was born as a result of simple observation and realisation of what is wrong with the altcoin cryptocurrency exchanges today. Everyone is complaining about exchanges — whether it is horrendous support experience, sky-high trading/withdrawal fees or unfair and questionable practices. We set out on a mission to build a trading platform that the altcoin market deserves. Take a look at a brief, and certainly not extensive, list of benefits and improvements we are bringing to the altcoin landscape with txbit.io!

So, how are we different?

1. Built, based and incorporated in the Netherlands — The birthplace of modern banking services and one of the largest cryptocurrency hubs in Europe. Favourable laws and regulations for cryptocurrency businesses.

2. Legal protection of user funds under the Dutch law — Txbit Foundation is the legal owner of the cryptocurrency wallets that hold the user funds. The foundation causes a separation between the activities of Txbit Exchange B.V. and the funds of our users. In case that something happens to Txbit Exchange B.V., your funds are held safe by Txbit Foundation.

3. Fair attitude, no extortionate prices for listings, no fake volume such as internal wash trading to boost volume. Yearly deposit of financial fillings statement, signed by an authorised accountant, visible for public at the Chamber of Commerce. Transparency.

4. Focusing on crypto to crypto trading only. No KYC verification required, only email needed to use full functionality.

5. Minimal coin/Token Listing fee and completely transparent, all details will be provided on the listing page before the applications open up. Listing Fee is strictly used to cover costs and expenses of integrating your token, auditing, review and future maintenance work. Still, every project will go through a strict review process to be considered for a listing.

6. User Feedback and Suggestions will be at the heart of the exchange — Custom built forum for suggesting, discussing and voting on new features and functionality will be implemented shortly after launch.

7. All technology was built from scratch with security and reliability in mind. Because all the components are proprietary, implementing customer/user feedback takes hours/days, not weeks or months.

8. Future-proof infrastructure and exchange design allow us to easily implement Margin and Loan trading in the future, and other advanced features that our users will suggest.

9. Smart Notifications — Get notified when any important action gets triggered or performed on your account.

10. A beautiful and responsive user interface — Since all of our back-end and front-end is custom built, we focused on bringing a next generation interface experience to our users.

11. A fair model of sharing 50% of the transaction fees generated on the exchange. A model that stimulates Solaris XLR decentralisation, avoiding the pitfalls of our competitors who encourage users to send their funds to the exchange to receive rewards. This creates a situation where the exchange becomes a majority holder of the currency. — CLICK TO READ ABOUT THE SOLARIS REWARD PROGRAM

12. Generous Referral Program — Receive 20% transaction fee commission from everyone you refer, for life! As part of the launch promotion, the commission is increased to 25% until 1st of June, 2019!

And that is only the beginning. We are about to launch our first beta, with testnet coins, where we will be gathering feedback and suggestions from all the participants and implementing them into the future releases. You may read about the beta details here: https://medium.com/@txbit/txbit-io-beta-v1-details-and-what-comes-next-61f837f3ed67

See you all soon on txbit!

About txbit.io

Txbit is proudly made and based in the Netherlands. A cryptocurrency exchange built from the ground up to meet today’s demands in security, privacy, reliability and speed. The proprietary trading engine and interface deliver a blazing-fast, world-class user experience catering to traders who enjoy spending some time behind the charts, but also to those who prefer to be in and out quickly.

Today’s cryptocurrency exchange industry is largely split into small, poorly managed and outdated exchanges, and the large, high volume exchanges that are near impossible to be listed on due to high fees and excessive bureaucracy. Txbit aims to fill this gap, providing a modern exchange platform for everyone to use. We are firm believers in growing the cryptocurrency industry without bankrupting legitimate projects in the process.

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