Security and Volume, On the way to finding the right exchange - Bcnex Trading Platform

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Crypto exchanges are the most appropriate places to peruse your cryptocurrencies. Since the conformation of cryptocurrencies in everyday life is a slow continuum, most people still show a tendency to turn cryptocurrencies primarily into FIAT. But there is at least a new stock market as well as a cryptocurrency. We need to have detailed cognisance about the exchanges to choose the exchanges that are convenient for ourselves.

In addition, the expectations of each person on the exchange may different. Some people prefer centralized exchanges while others prefer decentralized ones.. In addition, the location,security, daily volume,and customer service grade of the exchange are the momentous factors that permit us to choose the exchanges.

But especially recently, it was announced that many stock exchanges have created false volumes. The reasons why these exchanges create fake volumes are often to ensure that more customers are members. At the beginning of these exchanges, Bitmax, IDAX, such as the well-known stock markets are quite. However, the fake data provided by these exchanges to Coinmarketcap has been proved by many researches and articles.

In the list below, you can see the list of exchanges reporting fake volume.

One of the reasons that these exchanges share fake data is to be able to attract initial Token Offering (IEO) projects to their own exchanges. Introducing new projects in their own exchanges and getting very high commission fees from these projects. Bitmax and IDAX still continue to do IEO. In return, they receive a very satisfactory income.

I had the opportunity to work with Bitmax from these exchanges before. I didn't even get an answer from customer service in the face of a problem I had.

We can summarize the details about fake volume formation as follows:.

• The Block analyzed 48 cryptocurrency exchanges, focusing on monthly traffic over the past six months (ranging from November 2018 to April 2019)
• There were nearly 800 million cryptocurrency exchange website visits in that time period
• The Block compared the number of website visits to trading volume across exchanges to identify suspects that participate in faking trading volume, as indicated by disproportionately high volume relative to website visits
• The exchanges that have by far the highest volume per website visit, and which are likely engaging in significant volume faking are Coineal, Fatbtc, BW, BitMax, LBank, DOBI Exchange, Bit-Z, DigiFinex, Idcm, DragonEX, ZB, CoinTiger, IDAX, Bibox, CoinBene, BitForex, Bithumb, Negocie Coins, Liquid and OKEx
• On the other hand, Indodax, BX Thailand, Luno, CEX.IO, Zaif, and KuCoin do not appear to be faking any volume unless they are also engaging in faking traffic
• Over the past six months, the total reported trading volume was $1.96 trillion, of which only $272.5 billion appears to be real trading volume on non-volume faking exchanges
• About 86% of the trading volume looks to be fake with 65% of that total real volume originating on Binance and Bitfinex, both of which have virtually no regulatory oversight

Source: https://www.theblockcrypto.com/2019/05/28/up-to-86-of-total-reported-cryptocurrency-trading-volume-is-likely-fake-according-to-analysis-of-exchange-website-visits/

You can also watch these videos to how they create fake volumes

You can also see the Some exchanges creating "real volumes"

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Introducing Bcnex Exchange

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Bcnex is secure, confidential and user centered cryptocurrencies trading platform. It’s a one-stop solution for trading BTC, ETH, LTC and other digital cryptocurrencies with easily. Bcnex bring you a single access interface to stay ahead of market movements and manage risk and loss like never before.

Why you need to choose Bcnex?

Bcnex offer you private and determination thanks to a state-of-the-art scalable micro-services they provide. Bcnex has a customer oriented architecture which allowing you to trade both internet and both mobile on our user-friendly proprietary platform and native apps. They have an institutional grade trading engine which is rapid, truth and capable of processing up to two million orders per second. Bcnex service a assorted market with support of multiple mainstream crypto assets as well as constantly and carefully adding new quality tokens. Bcnex permit for high liquidity with a broad range of quality sources to ensure you with the best price possible. Bcnex have 24/7 devoted support to provide you with timely friendly and efficient customer support when needed.

Bcnex exchange is an exchange that can be used both on Internet Browser or mobile phone. Thanks to this exchange, you can utilize your cryptocurrencies rapidly and reliably. The mobile and internet interface of the exchange aims to be one of the best and fastest interfaces ever. In this way, users will never miss an possibility and will be able to trade quickly with easily. The technical infrastructure of the exchange is designed in a robust way so that it can determinately perform millions of exchanges per second. It has only Bcnex in existing exchanges with such a powerful feature and that is what makes it unique. You can use Google 2FA and SMS methods to enhance your privacy when using the exchange. In addition to this, you can maximize your security via the KYC.

Bcnex has a secure wallet in itself. In this wallet, you can keep a lot of major coins and trade them on Bcnex. Bcnex has 3 different wallet types:cold wallet, hot wallet and secure hardware. With these 3 particular options, you can save your cryptocurrencies from hackers. Besides, you can protect your wallet with Google 2FA system and narrow down your transactions. This way, you can able to use your wallet %100 securely.

This wallet supports BTC, ETH, USDT and Bcnx. In addition, if you use Bcnx(Bcnex coin) in this wallet, you pay a commission of 75%. The major cryptocurrencies I've mentioned above are on the system, but Bcnex works to add more cryptocurrencies and tailor them to the system. This wallet also supports different languages, such as: Chinese, English, Vietnamese, Japanese and Korean.

CONCLUSION

Today, exchanges face many problems. Binance, for example, faced a huge hacking problem two months ago. But this was not the first, many exchanges had been hacked before. The biggest reason for this is that the exchanges do not provide the necessary infrastructure for security.

But Bcnex aims to establish a much safer stock market with its experienced software developers. Besides, it cannot be said that they have a problem like fake volume creation. Because so far they have invested about $ 10 million. And this figure continues to increase.

Because the ecosystem that Bcnex is trying to create attracts the attention of all investors. So we can easily say that Bcnex will be a very important and well-known stock market in the coming years.

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Bitcointalk username: Nuxxorcoin

Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2378574

My Ethereum Adress: 0x30Da745c024923B55f3a73E530e18382eF2130eB