Cryptocurrency is a digital asset designed as a medium of exchange or transaction, or we can more easily call it a digital currency. This cryptocurrency itself has now become known to many people around the world, especially for those who like to look for extra money through the internet. In fact, in some countries such as Japan, Australia, Singapore, Italy, England and even the United States, it has legalized the use of one of the most well-known cryptocurrency, Bitcoin, but legalized here does not mean that Bitcoin can be used as a payment tool in that country replacing currency positions existing but the government does not prohibit its citizens who search and use Bitcoin to transact on the Internet. This cryptocurrency itself has many types such as Bitcoin, Dogecoin, Litecoin and many others which total in the hundreds.
Exchange is a trading activity between Bitcoin Value and Other Crypto Currency Values or Fiat Currency (EUR, USD, GBP, and all other currencies, even Rupiah). More precisely, Exchange is a currency trading activity to benefit from price differences that occur. Actually there are many misunderstandings about the differences between Exchange and Exchangers. They consider it the same, but these two things are very different.
For now, the development of Exchange is very fast because there are already many new Startups that focus on Exchange services. It does not want to make the Exchange platform named Daxico lose in developing their platform. Daxico is an exchange platform for cryptocurrency, we can exchange crypto assets that we have in several other cryptocurrency such as BTC, ETH & Fiat. In this article, I will explain some interesting features about Daxico.
Before I go further, I want you to think about how you save your real-world cash. You don’t walk holding it in your hand, right? Instead you might keep a wallet or leather wallet, or even a piggy bank!
DaxICO is a new exchange in the crypto market. According to Coinmarketcap, there are more than 230 Exchange sites active. Many of them have problems with the security and UI design of their sites. Although well-known sites cannot secure their exchange sites, recently you may know Cryptopia has seen security bleach. Only a few exchanges can secure their accounts and user funds.
There is also a lack of information about using exchanges. It usually takes more than 24 hours to get a reply from support and it takes more than 3 days on average to solve your problem. This also reduces the trust of users of these sites.
Why do we have to use DaxICO?
Various Assets: DaxICO exchange sites have a variety of coins to trade. According to the site, there are more than 300 assets that will be traded at DaxICO. Trading at DaxICO has begun, click here to register and start trading at DaxICO. You can find all new tokens or coins at DaxICO in the future. Registering new tokens on this exchange is very simple and fast compared to the others. So we can say it is a place for ICO tokens to be traded. At present, BTC-USDT is traded with a volume of 3.2 BTC.
UI & UX
If you visit the website, Daxico will welcome you with a login / registration page. After entering, you will enter the application site which has the colors blue and white as the main colors. There is a left side bar that you can use to navigate the platform. Every time you click on one of the navigation buttons listed there, you will be directed to another page.
The interface is quite straight forward. For example, the Buy / Sell page will direct you to an instant buy / sell page where you can sell crypto directly (maybe at the market price when you ship the order). Choose the assets you want to buy / sell, which assets you want to receive in return and the wallet you use. After that, send your order.
If you click ‘Trade’, you will go to the trading platform where you can book advanced, make a limit or book a place. The trading page looks pretty good, with more or less black / night themes, not like the main page. I personally prefer this. It’s also fast, although I haven’t used it to trade, I can navigate the platform easily. We need to wait if we want complex features like technical indicators.
Flexible / Adaptable Wallet:
With a flexible wallet like Daxico, users can save more with less. Namely, daxico provides a “layer of abstraction” for various blockchain. Let me give a brief explanation of the layer of abstraction. An abstraction layer is an API (a series of functions) that hides the implementation / underlying complexity. The aim is to provide a clear and easier to use interface for a series of functions. In other words, the complexity of the interface has been simplified, so users don’t need to learn the difference between Bitcoin, Ethereum, and other digital assets to use it all.
– Many Assets:
To save lots of assets, an account must be created and as mentioned earlier, Daxico supports more than 100 accounts. These assets can be used in the same intuitive way as online banking, with send and receive functions.
– Many accounts:
Here, various types of accounts can be created such as savings accounts, trading accounts, or any type of account the user chooses, even accounts for extreme personal use, or to share with family, partners or loved ones, or only for business purposes. So, for any purpose that a user might decide to create an account, the user can still decide to have multiple accounts and have the type of assets distributed to some of these accounts.
– Many Users:
More than one user is allowed to use one account. This is a feature that can be likened to a joint account or company in a bank. If this is a trading account, users can provide access to professional traders who can properly manage their digital asset investments. In addition, family members or trusted employees can be given access to the account. There are different access levels and are based on user irregularities.
Security
High Level Daxico applies one of the best protection measures. It supports popular code generators such as Google Authenticator and Authy. Unlike email or SMS authentication, two-factor authentication with a code generator is safer and protects all asset withdrawals and important account changes. This wallet also allows setting trusted withdrawal addresses, so that users can send funds without 2-factor authentication but up to the specified limit.
Privacy:
Users are advised to treat mnemonic recovery seeds by storing them in a safe place. The seeds of mnemonic recovery are very important because access to accounts can only be recovered with the seeds of recovery. In addition, Daxico will never ask for a user’s e-mail or telephone number for security reasons and will never send a promotion, spam or anything of any kind.
Free P2P payments: Users can send crypto numbers to their friends or people known for a fee of 0.00%. There are no fees for miners or confirmation fees.
Forums & support (support forum): DaxICO has a forum section where users can find the latest news about projects and plans. You can also ask for help in the forum if you have a problem. Or you can get more knowledge about the platform from the forum. One common option is open support and asking for help. Go support and open your ticket. You will get a reply in a day or 24 hours.
List of Coins or Tokens: Because DaxICO has already run the project, users can send coins or new tokens they want. Click on Get Listed and fill in the form. You will be contacted within 24 hours of the DaxICO team. The registration process is not much more difficult than other exchange sites.
My overall impression for Daxico is very good, although there are some problems that need to be addressed such as the details of the team (not to be scammed and unable to sue later), technical features, and so on. But if you don’t mind both, Daxico looks like a solid alternative if you want to exchange anonymously. Yes, you don’t have to go through KYC / AML which is unnecessary here if you want to trade, and that also protects your privacy.
Free Tokens (Bounty campaign): users can get free tokens by joining the Bitcointalk hosted gift campaign. The prize campaign will end on March 11, 2019.
Daxico’s amazing features can be read further through the following link;
website: https://daxico.com/
Ann Thread: https://bitcointalk.org/index.php?topic=5084070
Twitter: https://twitter.com/daxicoex
Telegram: https://t.me/daxicoex
My Bitcointalk (Arumi.Bilqis) : https://bitcointalk.org/index.php?action=profile;u=965668
This is actually the kind of information I have been trying to find. Thank you for posting this information.
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