Digital currency Exchanges Have Setbacks, ENCRYBIT Survey Reveals

wdtdico (7)in #ico • 6 years ago

A survey carried out by ENCRYBIT has outlined a few of the core setbacks faced by digital money exchanges at this time. The opinion based survey was carried out a few months ago, using Google forms. A huge amount of responsive was gathered from the survey over 1100. Such as huge base means that the findings are statistically huge and representative of the overall digital money community. A few of the main problems are per the survey are outlined below.

• 40 percent said security was the main concern.
• 37 percent said that high trading charges are problematic.
• 36 percent indicated that clearness is a concern.
• 33 present said that the reaction time for crypto exchanges was unethically long
• 22 percent complained about the absences of trading pairs.
• 21 percent said that the consumer interfaces were not user friendly enough.
• 18 percent were upset with very high withdrawal fees.

According to the ENCRYBIT survey, the most famous exchanges include BINANCE (27 percent), HUOBI (19 Percent), OKEX (14 Percent), and BITFINEX (11 percent). The entire of these digital money exchanges are based in Asia. Once again the quality of user interface plays a main role in the fame of virtual money exchanges, as well as the charges, clearness, and digital money pairs on offer.

The first suggested enhancements from the survey included an initiative consumer interface (20 percent), such as that reasoned by ETERBASE, as well as expedited physical money withdrawals (29 percent). 32 percent consumers also indicated they were worried about the safety of their deposit.

Security will forever remain a worry regarding digital money exchanges, and there’re just 2 actual avenues. The first is GOVT intervention, where digital money exchanges are regulated and insured. Coin Base is an instance of this, with FDIC insurance on fiat money deposit and 3rd person insurance on digital money deposits. The 2nd is that consumers familiarize themselves with hard crypto wallet, 2FA and the finest practices, such as not keeping huge amounts of digital money on centralized crypto exchanges. While a few make a reason for decentralized digital money exchanges, no appropriate item is presently available.

One of the most usual criticisms of digital money exchanges has forever been the very slow response of crypto currency exchanges, client’s services, who sometimes fail to any respond at all. A few consumers report raking up to 6 to 8 weeks getting verified on crypto exchanges such as Coin Base and Kraken, this is possibly due to the influx of new consumers in a particular term of time, which the network is not able to manage, but a failure of respond remains a big reason for concern. Client service doesn’t appear to be the priority between most digital money exchanges and since there is no formal power to complain to, consumers most often vent on websites such as REDDIT.

The survey of ENCRYBIT is the most comprehensive to date regarding to client satisfaction levels on digital money exchanges. ENCRYBIT is aiming to resolve the present setbacks, problems, issues in the digital money exchange field via super UI, enhanced safety, widely cheaper fees and a major focus on customer service support. Given the low levels of client satisfaction in the digital money exchange field, a top quality crypto currency exchange will be more than welcome.

For further details related to the ENCRYBIT PLZ visit these following links:

• Website: https://encrybit.io/
• Whitepaper: https://encrybit.io/pdf/encrybit-wp-v1.pdf
• Twitter: https://twitter.com/enbofficial
• Facebook: https://www.facebook.com/encrybitofficial/
• Google Plus: https://plus.google.com/u/3/118077547732246268168
• LinkedIn: https://www.linkedin.com/company/encrybit
• YouTube: https://www.youtube.com/channel/UCbFGt712HrsyAMuLf3XJJng
• Reddit: https://www.reddit.com/user/encrybit
• Steemit: https://steemit.com/@encrybit
• Telegram: https://t.me/encrybit