(Nebula) New Bright Future Platform for the Community in Cryptocurrency Exchange
steemauto·@humblemee·
0.000 HBD(Nebula) New Bright Future Platform for the Community in Cryptocurrency Exchange
This article entails vital information on how Nebula Exchange works and how Unique it is, in cryptocurrency as a whole. What is Nebula Exchange? Nebula exchange is a platform that allow customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money, or different digital currencies. Nebula is absolutely unique and a virtual platfrom for the community that trade multi-currency specifically for the exchange of decentralized cryptocurrencies. Forexample; tokens can be traded using ETH, BTC, USDT, EURT, and FIAT pairings.  What is Cryptocurrency Exchange? Cryptocurrency exchange is an exchange that serves as intermediary between traders that buy and sell coins. What are the expectation a trader need to find in Nebula exchange? In Nebula Exchange, a trader/investors should be able to focus on reputation, of which they are extremely safe and secured. Nebula has a very good ambition in the blockchain technology. Now, lets look at the expectation and uniqueness of Nebula. Reputation – The best way to find out about an exchange is to search through reviews from users. In these aspect, Nebula have laid a good and wonderful reputation for the benefits of the community to achieve their objectives and make profit from every trading they enhance on. Fees – Nebula exchange have fee-related information on the websites to make sure every user understand deposit, transaction and withdrawal fees with a premium price. Verification requirement - Nebula exchange trading platforms require some sort of ID verification like passport, driving license, national id card, in order to make deposits & withdrawals. Although verification can take up to a few days, might seem like a pain/frustration, but it protects the exchange against all kinds of scams and money laundering. Advanced security - Nebula systems are encrypted and cannot be accessed without proper authorization from Nebula administration, It also have 2FA security. The project’s main assets, including user’s funds, are stored in cold wallets and cannot be accessed from the internet. High speed are provided through superfast cloud processing core, internal trades are completed in milliseconds. Nebula own cloud cluster is physically hosted in many countries to prevent the possibility of downtime. What are the challenges some exchange face? Regulatory Issues - Impending regulations are the major issue exchanges are facing. These include strict conditions regarding KYC (“know your customer”) requirements. Capacity - Some exchanges have been running close to maximum capacity as a result of the increase of numbers of traders investing in cryptocurrencies. Security Issues - Some exchanges lack strong security which eventually leads to loss of funds in the system. Why is Nebula exchange unique? Nebula exchange is unique base on the ability to create an own liquidity pool for a bigger deal and high-speed execution of orders, built-in trade algorithms, robots and managed accounts, futures, derivatives, and margin trading for the benefits of the users and cryptocurrency as a whole. In Nebula exchange, the idea is that trading takes place directly between users, in a real peer to peer mode. .jpeg) Benefits of Nebula Exchange Faster and Cheaper transactions- The removal of third party or authenticator drastically reduces fee and lag time. Potentially More Difficult to Hack- Because there is no single point of entry as compared to centralized exchanges. Funds Controlled by Users- Users control their password as well as their funds at all times in a decentralized exchange. Open and Transparent- All transactions occurring on the network and all code that is used for running the network is open source and the live software is open to anyone anywhere to inspect, copy and improve upon. No more banking cartels- The power of this exchange technology allows everything to be out in the open without compromising security. What are the functions of Nebula Exchange? Deposit/withdrawal options in each cryptocurrency and in FIAT currencies History of deposits/withdrawals Live Order book Limit, Market and Stop orders 2 Factor authentication and notification settings Display of active orders / cancelled orders / transaction history Crypto wallets integrated with exchange / storage of the coins Use of mobile application To get more information; Website: https://nebula.exchange Whitepaper: https://nebula.exchange/wp-content/uploads/2018/04/Nebula-Exchange-Whitepaper.pdf Twitter: https://twitter.com/Nebula_Exchange Facebook: https://www.facebook.com/Nebula.exchange/ Bitcointalk: https://bitcointalk.org/index.php?topic=4583321 Telegram: http://t.me/nebulaexchange