Crypto Exchanges: What They Dont Want You To Know
According to multiple sources from the crypto industry, for the past year 2018 over $731M+ was stolen due to crypto attacks on exchanges. Not to mention, that there were exchanges which were accused and indeed practiced illegal activities. By providing misleading and false information regarding the assets and the returns of investment, the market has experienced a booming hype in exchanges that managed to steal millions of dollars, and some of them even managed to get away from legal responsibilities, for now.
A phenomenon of fake volumes became a large source of debates, due to the multiple investigations carried out in this field. Forming a part of a competitive market has always been and still remains a battlefield for industry sharks: as the technology evolves, industry leaders must innovate in order to remain the leaders of the race.
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Where are we going with it?
Although, having researched previously before taking a participation in any project is a must have option, potential investors in the crypto field must take special precautions when choosing a place to store your funds, or even more invest them into something. Of course, this is not mainly the question of exchanges, as they provide the quality check, but not the potential check of a certain asset, but it would be wise to know what are the things that a potential investor shall look at when choosing one or another exchange to operate trading activities.
A quick answer and our main hint its the license.
Being accredited for trading operations is an important step to build a trustworthy community and an image around the company. Of course being accredited does not exclude the exchange from any other ticks of the box, however, most of the exchanges that managed to manipulate and steal the funds of their clients did not possess any of the legal documents that could prove their eligibility to perform such activities.
We, at BitrexChange, care about our community and remind everyone to be always precocious when choosing a right exchange. Let us do the work and make you focus on one unique thing experience the quality of operations. Not to mention, that we have publishing many times about the unlocked Gram offer. In case youre interested to know more, dont hesitate to follow us on social media and visit our web at: www.bitrexchange.com/gram
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