BITRADX: A Look at a Breakthrough Digital Assets Exchange Platform
Modern doesn’t have to mean unnecessarily complicated. That is the core principle behind BITRADX. With more than 500 digital assets exchanges the world over, and with the daily trading volume hitting a new record at above 700 billion USD in January 2018, it’s no surprise that fundamental exchanges overlap with exchanges that involve users dealing with either pure digital assets or fiat currency.
Well, not anymore.
BITRADX consolidates both digital assets and fiat currency into one seamless platform. Its task is straightforward and simple: to address, manage, and improve the trading practices currently in use. The team behind BITRADX is composed of finance and trading professionals who have worked together to help the public have access to a modern and secure investment method; contribute in the positive development of the ever-changing blockchain technology; and advocate the use of blockchain commercially.
Putting together BITRADX is a painstaking process that’s dotted with small milestones along the way. It is a project born out of the collaboration of people who are considered experts in their respective fields: from government regulators and experienced investors, to financial advisors and technical specialists. And the platform definitely speaks for itself. It’s amazingly simple and user-friendly because of the work that was put into it.
Comparing BITRADX with DEX
There are many ways that BITRADX notably stands out from a Decentralized Exchange Platform (DEX). For one thing, BITRADX has a higher trade volume compared to DEX, because the latter doesn’t support nearly as much digital assets. BITRADX also has a higher liquidity in terms of fiat currencies and digital assets, as opposed to DEX that doesn’t have enough liquidity.
BITRADX also allows trading of both fiat currency and digital assets, while DEX is limited to only digital assets. In terms of payment options, BITRADX supports fiat currencies (USD, IDR, MYR, and SGD, for example) by means of debit, credit, or transfer, compared to DEX that only accepts digital assets.
With regards to functionality, BITRADX can incorporate margin trading, pair trading, and rebate on high-volume trading, but DEX only has limited trading functions. BITRADX likewise enjoys higher sign-ups and usage percentage because of its simple user interface, compared to DEX that doesn’t have very user-friendly platforms.
On Reliability and Security
BITRADX will be proudly operating under the regulations of Indonesia’s Commodities and Futures Trading Regulatory Agency (Bappebti). The platform is also certified by the Indonesian government, along with the issuance of a business license as an international trading platform.
BITRADX takes security seriously, that’s why it has built safeguards that are distributed across the whole system’s architecture to act as the main defense against any threat or unauthorized access. The platform is also at par with the best industry practices, with all assets securely stored in a multi-signature cold wallet.
The roadmap of BITRADX will involve the exchange platform in Indonesia being released, followed by a financial report ready for download. In the midst of these goals (among others) that the BITRADX team has set to achieve, the core mission remains: to deliver a modern digital assets exchange platform that meets — and exceeds — the needs of its users.
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