Operational Difficulties in Running a Cryptocurrency Exchange
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5 years ago in #exchange by reverseacid (56)
$0.21
- Past Payouts $0.21, 0.00 TRX
- - Author $0.16, 0.00 TRX
- - Curators $0.05, 0.00 TRX
Most, if not all, DEXs do not have enough trading pairs and also lack liquidity.
Personally, I still use traditional exchanges but do not keep my cryptos there; I withdraw them as soon as practicable, keeping it there only if I need to trade.
Things to look for in an exchange for your own security:
The exchanges should be in a jurisdiction with strict regulatory requirement;
Read through their Terms of Use;
Make sure they disclose a physical place of business on their website or TOU;
They should have a reasonable Dispute Resolution clause in their TOU and a reasonable Indemnity Clause to cover you in the event your crypcurrencies are lost whilst in the exchange.
You will be surprised with what you find!
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