Overall journey with Beex.One and feedback from traders:

in #cryptocurrency5 years ago (edited)

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Beex.one exchange is the widest platform to trade coins and although exchanges constantly evolve and improve, there are challenges ahead and problems to solve.

According to experts while compared with other crypro exchanges, Beex.One get interesting feedback from different investers.
3 major concern regarding Beex.One:

Security:

Myriad number of traders use centralised exchanges (1.0), in which expert believed 99% of all crypto trading volume flows through exchanges.

The history of hacking always amazed me that how these guys stolen the exorbitant amount of money from highly secure exchanges. Memorable example, the Mt. Gox hack. It’s the most publicised and largest hack to date in previous time, with unrecovered Bitcoins totaling 650,000 heart killing. Another notable hack occurred on the Bitfinex & Binance Dex platform more recently (120,000 BTC was stolen).Gosh!

However, A decentralised exchange (2.0) is much better protected against these hackers. As the data stored on-chain is immutable, it is less vulnerable to theft by hacks. That's the point makes Beex.One exchange More reliable with this cutting edge technology.

2.) Lequidity:

The crypto market is not currently ready to absorb large orders without changing the value of the cryptocurrency. This happens due to the lack of liquidity, compared to traditional fluctuations of Bitcoin in market.

New join investers have fascinating by different offer but doesn't aware about liquidity or basic knowledge in trading. Eventually, they loose their Investment and claim to those exchange about their mistakes. One important thing is that before Invest anything in exchange one must read the disclaimer as well as at least week to study the crypro coin graph before Invest or else YouTube is the best option to learn before any action in trading. That's the way I feel when I loose some of my Investment in exchange.

Their is no easy fix to this problem in time. Meanwhile, newly created ICOs promise liquidity to their investors as the investors hope to make money on it. But, it’s a dangerous promise. Even after getting listed such as bee coin in Beex.One exchange, the coin will suffer from very low liquidity, especially when they are listed on a few exchange.

In that picture, Pivot community which is highly renowned company for protecting against the liquidity risk after lonch in Bee coin, they invest around $50000 and became partner with Beex.one - the mining based trading exchange.

3.) High trading fees:

The major concern is about fees, for exchange trading fees is around
Maker fee 0.2%, taker fee 0.2% and
Option trading fees is for Maker fee 0.5%, taker fee 0.5%, which are really high when high volume of trading occurred. We need extra offer for this fees.

Moreover, diposite fees, there is no features available for normal traders as discount.

Withdrawal limit structure:

BTC=0.01BTC,
ETH=0.05ETH,
USDT=50USDT,
EOS=1EOS,
ETC=0.8ETC,
LTC=0.1LTC,
BCH=0.01BCH,
XRP=21XRP,

Work has done by Beex.One:

Beex.one has lonch own bee coin as mining based trading and made partnership with Pivot community.

Official Android application lonched with greater security in Google app store.

As the hard fork of EOS is complete and the system has resumed stable operation, BEEX.one resumed depositing and withdrawal of EOS & QTUM.

You trade, I reward you! BEEX Monthly Event - Daily Lucky Draw

In line with the vision of expanding the BEE consensus and developing the BEEX community, BEEX.one announced the official launch of the Community Partner Program! Currently, the first 100 partners have been recruited.

The perpetual contract is a virtual contract product settled in BTC, in which other currencies and Investors can gains from the price rise of virtual digital currency by buying long contracts, or gain from the decline of virtual digital currency by selling short contracts. The contractual leverage ratio is 1-100 times.

45,000 BHT Airdrop For BEE Holders” Activity rewards have been distributed!

Tell your story about BEEX.one to share 200 USDT now !

The Roadmap of Beex.One Exchange:

To be honest, future can not be predicted easily. But I'm so excited for upcoming events in beex.one.

Proof of getting rewards in different participation in competition:

IMG_20191028_214732.jpg

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