Cryptocurrency Exchanges and the Ternion Exchange
Explore cryptocurrency exchanges with Ternion
What is a cryptocurrency exchange? And how is it different from a traditional exchange? A cryptocurrency exchange allows traders to convert cryptocurrency to fiat and to other cryptocurrencies. There are centralized exchanges that rely on a central authority and give users a sense of protection, and there are decentralized exchanges that allow users to manage their own wallets, enhance their privacy and enjoy a decreased cost associated with a removal of transactions through a third party. Decentralized exchanges also allow their clients to directly transfer their coins or fiat using smart contracts.
However, decentralized exchanges have two main limitations. There are less functions and features available, such as margin trading. Furthermore, clients need to be knowledgeable and navigate in a sea full of smart contracts and they are solely responsible for remembering their private keys. In other words, decentralized exchanges are simply a meeting point for buyers and sellers, the actual transactions are left in the hands of the traders.
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IDEX is a decentralized exchange focused on trading Ethereum based ERC-20 tokens; it claims to combine the speed of a centralized exchange and the security level of a blockchain settlement. It is user friendly and customers can get familiar with the latest crypto exchange trends and buy or sell assets.
EtherDelta is built for trading Ethereum ERC-20 tokens and Ethereum pairs. It operates on Ethereum based smart contracts that deposit, withdraw and manage the content of electronic wallets of the users.
Kyber Network is an instant, liquid, Ethereum based decentralized exchange which works on a peer-to-peer protocol. Kyber Network also holds a significant amount of reserve.
Bisq supports fiat currencies and other alternate cryptocurrencies, it doesn’t require extensive registration process or approval from a central authority. It is also peer-to-peer and free from a single point of failure; although it supports 126 cryptocurrencies, it suffers from low trade volume.
Radar Relay is a platform that allows you to trade Ethereum tokens directly frоm your wallet without a third person.
Bancor Network has a stable network that is based on a smart contract that solves a problem of liquidity and provides stability in terms of prices and protects against the volatility of the market.
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A decentralized exchange is essentially a peer-to-peer platform that offers security, privacy, but it does not offer any guidance or assurance. It might be appealing to watch a sunset in a forest, but it is not wise to stay there alone in the night. Ternion can assist you on your journey and lead you in a right direction. The Ternion Exchange is a product that addresses all the concerns that arise in the cryptocurrency exchange sphere.
The Ternion Exchange operates on an Ethereum based wallet, it has open source transparency, it supports compatibility between all ERC20 compliant tokens and offers crypto-to-crypto and crypto-to-fiat trading. It is regulated by an Estonian legislation that also regulates NASDAQ, and Ternion is AML and KYC compliant.The Ternion Exchange will hold an Estonian crypto trading license before the beginning of the main ICO stage. The demo version of the exchange will be accessible before the Pre-ICO and will have the same general trading experience as the real time trading when it is finally launched during the ICO.
Although Ternion employs smart contracts, we know their limitations and offer additional layers of security for our users. Our knowledgeable Ternion team is backed by experienced and trusted advisers and partners that together aim to provide constant support and assistance for smooth trading activities on the Ternion Exchange.
The Ternion Exchange is not simply a middle ground, it is the epicentre of a new future of a convenient, reliable and safe way to trade both crypto and fiat currency in the comfort of your home and mind. Learn more at Ternion.
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