Save money and trade cryptocurrency on your terms with this app

I want to save money and keep my money safe when I trade without fear of losing money.

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My problems as a cryptocurrency enthusiast

I sent some coins to a centralized cryptocurrency exchange in January 2018 and the website was hacked. It happened that they decided to carry out a “server upgrade” and put a stop to all trading activities and withdrawals. Two months after, my funds are still stuck in the exchange. Trading activities are yet to resume and withdrawals are not yet enabled on the exchange.

After two months of downtime, the total value of my assets on the exchange has reduced greatly. A fellow cryptocurrency trader with a portfolio of over 27,800 USD in January before the server upgrade is now worth just 1,390 USD. We suffered a huge loss because we had no control over our assets.

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In a similar case, a leading Bitcoin and cryptocurrency exchange in Asia, lost 58 billion yen ($530 million) in cryptocurrency because of hacking.

These losses wouldn’t have occurred in a decentralized exchange.

A decentralized exchange is an exchange market that does not rely on a third party service to hold the customer's funds. Instead, trades occur directly between users (peer to peer) through an automated process. This system can be achieved by creating proxy tokens (crypto assets that represent a certain fiat or crypto currency) or assets (that can represent shares in a company for example) or through a decentralized multi-signature escrow system, among other solutions that are currently being developed.
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There is no risk of server downtime in a decentralized exchange because hosting is distributed through nodes.

On a decentralized exchange, you are not required to trust the security of the exchange since you’re responsible for holding your funds in your personal wallet. In a decentralized model, you’re not required to disclose your personal details to anyone with some rare exceptions in which case your identity is revealed only to the other party involved in the trade.

In my search for a decentralized solution, I found myself using a centralized exchange with a decentralized functionality where I don’t need an account to trade on their platform. They only control my funds for the duration of the trade which is instant but the trading fees per transaction are very high. I stopped using them altogether.

In my early days as a cryptocurrency trader, I kept funds in my cold wallets so as to save money. But with time, I discovered that I lost a lot of money as a result of transaction fees when I transfer to an exchange wallet for trading. This totally discouraged me from using cold wallets because I wanted a solution that will allow me trade easily in my cold wallets without moving my assets between exchanges.

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As an entrepreneur, I want to maximize my profits and be in control of my assets at every point in time without fear of losing my assets or funds. In simple terms, I want to be my own bank and trade on my terms.

The problems of other cryptocurrency enthusiasts

In December 2017, Abbey and his colleague both wanted to mark cryptocurrency off their checklist. The whole crypto game was new to them then. They wanted to buy Bitcoin with their bank cards but couldn’t because they are based in Europe. The tried all the popular options but none seems to be working for them.

I suggested that they try a particular exchange (not naming the exchange deliberately) after exhausting all the popular options. Their cards was accepted but it took over a week before the transaction was confirmed by the exchange. I had to keep calming them down during those times so that they won’t give up their crypto dream.

I spent a lot of time and money conversing with them through online calls and chats which can’t be converted into money.

Alttex, one app that will solve all these problems

Alttex is a digital platform with a decentralized exchange, personalized crypto-messenger and a Smart Safe. It enable users network and collaborate on the go through messenger.
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An infinite world in one app

Alttex is an innovative system for mobile devices which consists of a decentralized crypto exchange, crypto messenger, and crypto safe.

It combines all the advanced technologies of the blockchain such as Atomic Swap, Ethereum, 0x protocol, Dogethereum and NIPOPOW (Non-Interactive Proofs of Proof-of-Work). This will allow users to trade comfortably, safely, and make transfers of various coins.

Also, the crypto messenger has the possibility of transferring various data for personal and commercial purposes, exchange voice messages, create secure chat rooms, use a customizable store, in which everyone can sell and buy goods with cryptocurrencies, make outgoing calls to any phone numbers around the world minimum cost. Smart safe gives each user an opportunity to store their cryptocurrencies safely, to receive push notifications to update the current balance changes in the rate and news every day.
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Alttex is providing a platform with all the services that will allow you to interact with all cryptocurrencies both as an enthusiast and as an entrepreneur. Watch this video introduction by the Alttex team below:

Services combined in Alttex App in Pictures

Alttex Crypto-exchange in Mobile App

Alttex AltMessenger with Custom Store

Alttex Smart Secure Crypto AltSafe

Alttex Cryptoshop with integrated marketplace

Roadmap

Team

ICO

More information and resources

Alttex Website || Alttex WhitePaper || Alttex YouTube
Alttex BitcoinTalk Forum || Alttex Medium
Alttex Facebook || Alttex Twitter || Alttex GitHub

Disclaimer: This article is not an investment advice but a response to @originalworks contest sponsored by Alttex. Please do your own research before you invest in any coin.

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