QURREX - HYBRID CRYPTO EXCHANGE

The major problem as seen today in the centralized exchanges, is the issue of security. Because these exchanges control the trader’s wallet details and due to the fact that these wallets are integrated in the centralized exchanges, an attack on the exchange directly affects the users. This is so because the user’s wallets are not independent of the exchange as the exchanges uses their own smart contract wallets to hold every traders token. In recent times, there have been multiple other decentralized exchanges that has come up to help traders have full control of their wallets.

This as seen above, tells us about how much issues of security affects the high performance of most centralized exchanges. This is not obtainable in decentralized exchanges as every wallet, is independent of the exchange they are on a standalone mission because every decentralized exchange user, controls their private keys and only connects their wallets to the various decentralized exchanges being used.
Another issue as seen in the centralized exchanges, is the problem of requirement of personal details in form of KYC as seen today. Many centralized exchanges today ask their customers for their personal documents before they are able to use the exchange. In decentralized exchanges, this is not obtainable as everyone is their wallet.

Despite all these shortcomings as seen in the centralized exchanges, there are still many benefits which the exchanges yield.

Centralized exchanges so far are very user friendly. The centralized exchange user interface is easily understood by any new user unlike what is seen today in the decentralized exchanges where making a transaction is almost impossible for the new non experienced user. Also the speed of transactions as seen with the centralized exchanges is almost lacking in decentralized exchanges. There is also higher trade volume on centralized exchanges when compared to decentralized exchanges. Centralized exchanges has higher liquidity, fiat exchanges, and so many others.

This decentralized exchanges have not been widely accepted because to a large extent, the user interface is not very user friendly as is seen in the centralized exchanges. To this fact, it is easy to accept that the centralized exchanges despite their centralized nature, makes trading more easy and more swift for an average user unlike the decentralized exchanges.

Knowing fully well that the reason behind cryptocurrency is focused on decentralization, but the decentralized exchanges has by far not been able to meet the trading needs of crypto investors and users, there is a need for change, there is need for revolution and possible solution.

The QURREX project, is bridging this gap by creating a hybrid exchange which will be drawing from both the strengths of the centralized exchanges and that of decentralized exchanges to bring the user a more optimal experience. This features will include the features of high security for users, ability to withdraw and deposit fiat, multilingual user support that is available every day of the week and all year round.

OFFICIAL LINKS

Website : https://qurrex.com/
Whitepaper: https://drive.google.com/file/d/1klzZPHdjCBnurHCJjJbjwsed_5rx4W1U/view
Ann thread: https://bitcointalk.org/index.php?topic=2899211.0
Telegram: https://t.me/Qurrex_bounty_chat

MY BTT PROFILE: https://bitcointalk.org/index.php?action=profile;u=1016770