The rapid advance of globalization has certainly left its mark on the global economy and financial trades have become closely tied with each other wherever in the world. As such, today, more than ever, people need to be able to exchange their currencies as fast as possible and of course in the safest manner possible, no matter where they are in the globe. Of course this need has gone beyond the mere exchange of fiat currencies and now also includes digital currencies, whether people want to convert their fiat money to digital currencies or if they want to convert cryptocurrencies to fiat currencies. So, it can be seen how the need for the exchange of currencies has clearly evolved past the initial idea of an exchange should be. Users need a one-stop and also reliable platform that can take care of all their exchange needs and online payments. This is exactly what M.Credit offers. M.Credit is a decentralized exchange (sometimes referred to as DEX) that allows users to exchange their fiat money easily and like never before. But what is specifically different about M.Credit? Imagine a user lives in the US and wants to exchange dollars and send Turkish lira to someone in Turkey. Now, on the surface such a transfer of fiat money almost literally across the globe seems such a daunting task and quite a hassle. But it needs not be as such. Because with M.Credit you can provide your fiat money to this exchange with a simple bank transaction and then you or someone you choose will be able to receive your desired currency, in this case lira, anywhere you want, for instance in Turkey, in the form of a bank transaction with the fiat currency chosen.  In this way, you can easily send fiat money to anywhere in the world as easy as ever without having to worry about the difficulties of exchanging fiat currencies to one another. Just leave it all to M.Credit and it will be done for you. Furthermore, if the conditions allow for it, you might even be able to provide your fiat currency to the exchange in-person and also the delivery of the chosen fiat currency in the destination can also take place in-person, depending on the country of course. But this is only one of the services offered by M.Credit. Because with this decentralized exchange you will also be able to exchange digital currencies, more specifically Stablecoins with fiat currencies and vice versa. In addition, paying bills with cryptocurrency is also among the services that are made available to users, so that they would be able to pay their online bills without having access to any of the conventional payment methods such as credit cards without any worries.

Let’s first discuss the purchase or sale of Stablecoins in exchange for fiat money. This is one of the services that undoubtedly a lot of users around the world would really gain benefit from. Since essentially it is buying crypto with cash. Now before discussing any further, it must be mentioned that this process has two major advantages. First of all, you can purchase Stablecoins, which of course as you now are cryptocurrencies that through various mechanisms have come to have a fixed value on which you can depend, such as Tether or the Counos U (CCU) which is an algorithm-backed Stablecoin, ensuring that each unit will be equal to 1 United States dollar. Plus, you can exchange your fist currency with these Stablecoins. So what this means is that for a lot of people around the world where it would not be prudent to store fiat currency and invest in fiat currency, they can actually turn them into Stablecoins. Now keep in mind that with M.Credit the other way around is also possible, which means you can also sell your Stablecoins and receive your chosen fiat currency. This means that Tether to USD exchange is available in a smooth and straightforward process with this exchange. Of course, among other services that are offered by this exchange are PayPal payments. This is in fact one of the most prevalent forms of online payment across the globe in this day and age. Since the advance of various technologies have allowed for the creation of fields of work that had never existed before, and also a rather modern mode of working, which is of course remote. All of this has created a whole culture of freelance, remote work. The desired payment method in this ecosystem is almost always PayPal. But unfortunately in some countries people do not have access to PayPal and cannot have an account. But with this decentralized exchange now they can send and receive money through PayPal easily. The way it works of course is with the help of fiat money. You can provide fiat money and then send money with PayPal in another fiat money to anywhere in the world. Or you can receive your own money with the help of M.Credit in PayPal in your own fiat money in the form of banking transactions. So, this is another method that you can use to send and receive money globally with ease of mind and high speed with the help of this decentralized exchange. Last but not least, M.Credit also provides its users with extensive business consulting services no matter where they are in the world, so that they can carry out sound and proper business and commercial deals.

There has been a boost in people moving towards cryptocurrency since the concept of Decentralized Exchanges. Investors love to be in control of their affairs and that’s what decentralized exchange had to offer. Users are completely managing their buying and selling of crypto assets.

Traders at decentralized exchanges make decisions on their own and carry out trading at their preferred rates. Obviously, the rates offered in the marketplace will affect your decision-making process but this is the beauty of the trading and investing process.

We have listed below 5 Best Decentralized Exchanges for our audience and outlined their Features and where these seem to lack still. So, let’s get going.

Counos Decentralized Exchange

Counos Decentralized Exchange has become the first choice of many involved in the Crypto Economy. It is a community-based exchange where traders communicate through a peer-peer network. It is a really nice user-friendly decentralized exchange allowing community members to exchange their cryptocurrencies with great ease.

Members can also trade cryptocurrencies through their Fiat money with the support of Counos Escrow. The great thing that can be utilized through this decentralized exchange is the diversity and versatility of markets available. A vast number of Cryptocurrencies and Fiat Currencies are supported at the Counos Platform. This shows us the power of the Counos Platform and it’s emerging Global Presence.

Counos SSO makes sure that an authorized individual is carrying out trade from any account. Users also have the feature of Two-Factor Authentication to maintain the security of the Dex account. Assets that are present in Counos Dex are secure due to the Multi-Sig Wallet Technology kept in operation by Counos.

The registration and trading process is quite simple and safe. Only authenticated users are able to create an account at Counos so we know that currencies exchange are always reliable and secure.

It is not just a platform but a community of crypto asset holders. They regularly engage with each other in cryptocurrency trading activities. No spam profiles are tolerated in this Decentralized Exchange so everyone loves using the Counos Platform.

It is backed by Counos Escrow so payments are held in the platform until both parties are satisfied with the transaction completion. So, if you want to trade with real people, then surely give a try to the Counos Decentralized Exchange. you can learn more...

Buying and Selling Counos | Part 1 – Buying

Buying and Selling Counos | Part 2 – Selling

Bisq

It is a desktop-based Decentralized Software that allows users to engage in peer-peer trading of cryptocurrencies. Since this is open-source so it can be downloaded and accessed by anyone without any incursion of cost. There is no system in place to verify the accounts created through this open-sourced Decentralized Exchange.

The trading can be done through Bisq only when it is installed and running on the user machines. All the personal details are stored locally so the data leakage threats are reduced at a great deal. Users are solely responsible to make their data secure at their own local servers.

Bisq does not come in possession of funds at any stage of the trading. So, the authority and decision power completely lie with the members of how they want to sell or buy. This is a great user-focused platform and trades can be completed within 5-10 minutes.

Switcheo

Switcheo is another wonderful real-time cryptocurrency trading platform focusing on the token exchanges for a variety of markets. Users can connect instantly and carry out their trading operations without much hassle. Users can see all the live rates of cryptocurrencies and decide upon when to trade their tokens.

Graphs shown in Switcheo are really helpful and powerful to determine what has been the trend of pricing and trade over the past 24 hours and weeks. Also, trading can be done in real quick time so users always look out Switcheo when they want some quick token money. These types of platforms have given a great boost to the Token Economy.

Bit2me

Bit2me decentralized exchange comes with no trading fees performed through its platform. It mainly supports the exchange of Etherum and ERC20 Tokens. Multiple cryptocurrencies can be used for trading at this decentralized exchange and have been instrumental in performance reliability.

It does not require any signup or deposits and members can directly complete exchange transactions through their wallets. Basically, it is a wallet to wallet exchange without the involvement of any intermediaries so, liquidity is quite high for the token exchange carried out through Bit2me.

ChangeHero

ChangeHero is a compact solution for quick decentralized cryptocurrency exchange. You can either use their fixed-rate or best rate available at the time of exchange. This platform doesn’t hold back any funds and cryptocurrency is instantly transferred to the wallets.

It takes almost 40 minutes to complete the exchange transaction so this one can be called a reliable decentralized exchange. This platform has a user-friendly registration process and no intense security checkups for the authorization of an account.

Counos Decentralized Exchange

Counos platform has unveiled its decentralized exchange service in recent weeks. It is some time that the attentions to cryptocurrency decentralized exchanges have dramatically increased. It can be said that the speed of ongoing welcoming of decentralized exchange has been so high that many critics believe that in the foreseeable future, an extensive volume of cryptocurrencies in the world will be conducted through decentralized exchanges. But what is the reason for the high interest of many users in decentralized exchange?

So much new about hacking, illegal measures, and money laundering at centralized exchanges has been so high that they have encouraged the users to apply various methods of cryptocurrency exchange. The volume of stolen cryptocurrencies through centralized exchanges has been estimated more than 1.5 billion dollars. Of course, it does not mean that centralized exchanges are unsafe for the cryptocurrency trades in all cases. The fact is that with the development of security cases and also adopting anti-money laundering policies, the world’s credible centralized exchanges have been successful in maximizing the security level of cryptocurrencies transfers.

All in all, decentralized exchanges donate high advantages to users. At decentralized exchanges, the users can be in touch with the other users directly and transfer their cryptocurrencies to each other’s wallet without transferring to a central wallet. In this transfer method, in addition to removing the cryptocurrency change fees at the centralized exchanges, due to the lack of storing cryptocurrency assets in a centralized wallet, the security level of cryptocurrency exchange significantly increases.

Decentralized exchanges have demerits, such as the limitation in the amount of cryptocurrency change and fake financial trade requests. Counos platform has resolved many of decentralized services through offering a new decentralized exchange.

1.     The Possibility of Changing Fiat Moneys to Cryptocurrencies

In many decentralized exchanges, there is not the possibility of exchanging cryptocurrencies with fiat money or buying cryptocurrencies through them. It causes many problems for the users, since many users are willing to buy cryptocurrencies directly through valid currencies such as U.S. dollar or euro. Counos decentralized exchange has made possible changing cryptocurrencies to fiat money or vice versa for the users.

2.     Supporting Major Cryptocurrencies of the Market

Counos decentralized exchanges supports many credible cryptocurrencies of the market. Cryptocurrencies like Bitcoin, Ethereum, Counos Coin and many other cryptocurrencies have the possibility of being exchanged at Counos decentralized exchange.

3.     No Limitation in Volume and the Number of Trades

At Counos decentralized exchange, the users are able to create the number of sale offers they will. Moreover, the possibility of buying cryptocurrencies is there without any limitation.

4.     Avoiding Making Fake Sale Offers

One of the biggest criticisms at decentralized exchanges has been the existence of fake and unreliable offers. To avoid creating fake sale requests, Counos has created deposit payment algorithm. With this algorithm, the users who create a new sale offer should put 3% of the total amount of their cryptocurrency exchange request as the deposit in a safe shared wallet. It will remove the possibility of making fake sale offers.

5.     Using Escrow Service

Using Escrow service has got the users assured. Via Counos Escrow service two trade parties get engaged in a wallet with three safe private keys concomitant with an agent. The existing assets in the shared wallet will not be unblocked for both parties unless they verify at least two private keys from three ones. Hacking the users’ asset and internet fraud will be avoided using Escrow service.

www.counos.io 

Counos Coin; a Cryptocurrency to Develop Economy and Communication

Counos Coin is among those cryptocurrencies that has entered the market with the aim of developing the standards in the world of financial transactions and international payments, and during the time of its presence, it has experienced a good growth and success. The average time of computation for each new block in Counos Coin is 10 minutes. With the help of these cryptocurrencies, users from all over the world can purchase gold and engage in trades and transactions with them. If Counos Coin, which is one of the products of Counos Platform, continues its growth in the crypto market, it will turn into a serious alternative to compete with conventional methods of payment and financial transactions in platforms such as Western Union and PayPal. Cryptocurrencies that work in decentralized platforms like Counos, eliminate a lot of the limitations of the current financial communication systems and are indicative of a new world in which there is no sign of blocking international accounts, blocking money, and such problems. This feature, in addition to the limited number of Counos Coins available in the world greatly decreases the worries about the occurrence of inflation in using of these cryptocurrencies.

Counos Coin Joins IDAX

IDAX is an international digital assets exchange and is considered a platform for trading cryptocurrencies. The aim and purpose of this platform is providing an infrastructure through which transaction and trading services can be offered easily, and users can experience the utmost satisfaction in said process. This global and international exchange, finally announced in September 2019 that Counos Coin will be loaded in order to be offered at IDAX.

As Counos Coin is added to the IDAX cryptocurrency, users will be able to trade Counos Coin with Bitcoin or U.S. dollar. From September 25, 2019, these trades will become possible. IDAX is among the important and reputable exchanges in the world of cryptocurrencies, and as Counos Coin enters this exchange, another step will be taken with respect to the consistency and growth of the crypto market.

Counos Coin Steps Inside the Path of Growth

As it was mentioned before, Counos Coin and in general the Counos Platform has been able to gain a lot of growth during the time of its presence in the world of cryptocurrencies. As such, its presence in IDAX should be considered as another positive sign. Since its being present and offered on the infrastructure of a well-known and reputable exchange can help Counos Coin and its trades to become more well-known. It is not only because of the security and technical standards of Counos Coin that it has gained this importance but also the added value it offers users makes it reliable. This added value is transferred to users via price stability policies. This feature, i.e., the lack of inflation and the presence of stability in the price of Counos Coin makes it into a serious rival for actual currencies.

How Is the Outlook of Counos Coin in IDAX?

IDAX cryptocurrency started its activity in 2017, and during this time it has been able to turn into a safe place for users from all across the world who want to trade and use communication services in the world of cryptocurrencies. The cooperation between Counos and IDAX can put two important players in the world of cryptocurrencies next to each other and offer a powerful team to provide proper services to users. It seems that everything is ready for taking a successful step. Will it be this way?

Coincheck is a cryptocurrency exchange platform and Bitcoin wallet, which was founded in 2014. The services Coincheck exchange offers include exchanging fiat currency (a currency without intrinsic value, its value is determined only based on government order and regulation), Bitcoin, or Ethereum. Coincheck is a member of the Japan Blockchain association and one of the main developers of the cryptocurrency usage standards for Japan government.

The blockchain is a distributed and encrypted database. Therefore, no one is able to manipulate the history of transactions, and this history is transparently available to users. One of the known applications of Blockchain are cryptocurrencies which are founded on this infrastructure. This technology provides security in cryptocurrencies. Cryptocurrency is an encrypted currency which is also known as electronic money, virtual money, or currency crypto. The first cryptocurrency based on Blockchain that was introduced to the market was Bitcoin.

The coincheck platform which was attacked in January 2018 and lost $530 million worth of altcoin tokens (altcoins are cryptocurrencies released into the market after Bitcoin and consider themselves as a good alternative for Bitcoin), has now joined the community of licensed cryptocurrency exchanges in Japan market.

Altcoins are cryptocurrencies that were introduced after Bitcoin; Many altcoins were built based on the principles of Bitcoin and were released through a change in the mining process or the manner of altering transactions.

This was an important and prominent step for Monex exchange and online broker which bought Coincheck in April for the nominal amount of $33.5 million.

Monex group made some changes in Coincheck exchange; during these organizational changes, Yusuke Otsuka, its chief operating officer, was ousted and replaced with Toshihiko Katsuya, a Monex employee. Moreover, Koichiro Wada, founder, and CEO of Coincheck was degraded from his post.

Additionally, Coincheck removed cryptocurrencies such as Dash (a kind of cryptocurrency used to be known as dark coin or X coin), ZCash (a kind of cryptocurrency with more security compared to other cryptocurrencies like Bitcoin), and Monero (a kind of cryptocurrency which is implementable on operating systems like Linux, Windows, macOS, Android, and FreeBSD) from its list of cryptocurrencies.

The reason was the risk of preventing the firm from compliance with anti-money laundering regulations.

According to a report published on January 11 by Monex group, Coincheck has been specifically registered at the Kanto Financial Bureau of Japan.

Monex group is a dependent financial services company in Tokyo, Japan which was founded on April 5, 1999.

During this time, developers gradually returned function to users and organizations and managed the stolen coins.

Last year, Japan sought to deploy a legal and official initiative due to the disturbing condition of security setups in exchanges, in order to increase the security of exchanges. Despite tighter constraints, some small-scale attacks are still happening; so much so that the Japanese cryptocurrency exchange Zaif was attacked in September and lost about $20 million.

Also, Cointelegraph news website reported on Friday about Japan government investigation in cryptocurrency exchange security in South Korea, less than one-third of platforms in this area had satisfactory performance.

www.counos.io