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Opt out of Fiat, and into cryptocurrencies, as they always say. Very true, considering the current trend in the world right now. Cryptocurrency has had quite an astronomical stride in the past 4 years. However, it leaves a rather bittersweet taste when every existing process and methods that allows for the exchange and transfer of these crypto-assets are laden with ridiculous fees tagged as trade commissions!

Over the years, we've seen cryptocurrency exchanges rise and fall, each one of them with its own pros and cons. While some end up being seized by the government because they are non-compliant to the law of business of the country they are operated from, others are simply gutted and hacked with millions of dollars of asset owners money taken away due to poor security features! There was the Mt. Gox incident that ripped-off families and businesses of their hard-earned bitcoins, and as everyone struggled for the door, the exchange collapsed!

Believe it or not, one of the reasons why people do not trust crypto exchanges is due to the above laid-out problems:

• Transactional costs
• Security!

Should i buy cryptocurrencies and resume trading, will my coins be safe? Will the costs of transactions be lenient enough to allow good returns after every trade?

Commission fees are put in place by the exchange creators to take a share of every transaction you make without thinking about your progress at all. It doesn't matter if you win a trade or not, initiating a trade automatically buts you at a loss margin (which is dependent on the platform) until the trade goes on to end in your favour. And when it does, the exchange takes off its pound of flesh.

And what if it didn't? What if you lost that trade? Well, they don't care either. The margin was put in place to ensure that even in a win or lose situation, the house always wins!

This means that by taking even more risky positions, you make them even wealthier. If this isn't flat-out private centralization even in decentralization, then we really need to re-approach the definition of the term!

Is there a solution in sight?

Yes, there is, and right on time too! Meet Digitex

Digitex is the newest futures trading exchange for cryptocurrency assets.

Unlike spot-trading exchanges such as Bittrex, binance, trade.io, Mercatox, and the likes, Futures trading doesn't require buying and holding a currency to make profits. Rather, it is operated by taking a contract position for an asset (say, BTC) and then predicting the price of that asset at a given time in the future. Another term for futures trading is derivative trading.

Currently, BitMEX is one of the world's leading providers of Bitcoin derivatives trading. However, stats and facts do not lie, especially when there are demands for them by the crypto-community and it seems that the Digitex Futures Exchange will pose a formidable challenge to BitMEX (and every other cryptocurrency exchange) when the Digitex exchange resumes its live trading in Q4 2018. ^{src: Blog.dgtx}

Bitmex so far has amazing trade volumes (with an industry world record of $8 billion worth of BTC and ETH back in July this year) as well as features on there, but Digitex is set to blow Bitmex outta the water with its one feature that every trader looks up to; A commission-free trading experience, above all things.

Unlike any other, Digitex plans to accomplish this by implementing a native token that will be used on the platform only. This token will be called Dgtx, and it will be needed to broker every transactions and position by the users. The exchange will also be mining a small amount of DGTX annually to allow it take care or the maintenance and operational costs on the platform! That way, users don't get to pay for their trades, and the exchanges do not manipulate trade volumes and margins just to make more profits as is recently suggested by the media.

This is one project you do not want to miss, and since the platform isn't live yet, there is a waiting list of over 100k people vying for the first 5000th position in order to get early access. You can sign up now and stand a chance to win some DGTX tokens. Rest assured, The platform will be demoed to a live audience for the first time, at the Malta Blockchain conference, where Adam Todd will present his key note speech and showcase the exchange functionalities by 1st and 2nd November 2018.

You can follow this link to join in on the early-access whitelist..

Consider this post a fair introduction to the problems of high commission fees on regular exchanges and a possible solution to it all. In the next few days, I shall be posting more articles giving an in-depth analysis of the Digitex platform, its features, pros and cons, as well as a bit of comparison to other exchange platforms. Stay tuned.

Loved what you read? You could learn more by seeing the video below, as well as checking out the Digitex official blog link, their whitepaper material and their various social media handle as well.