BXH Exchange Platform
BXH’s Exchange platform focuses on profitable trading pairings while also including automatic market-making (AMM) and community autonomy (DAO).
Our platform’s coin pledge mining (Staking), along with a set of incentives, is designed to assist users get the most out of their money by providing the maximum trading depth and pledge return.
What are Exchange platform?
Exchanges platforms are platforms that facilitate the trading of cryptocurrencies for other assets, including digital and fiat currencies. In effect, cryptocurrency exchanges act as an intermediary between a buyer and a seller and make money through commissions and transaction fees.
Centralized vs. Decentralized Cryptocurrency Exchanges
Centralized cryptocurrency exchanges act as a third-party between a buyer and a seller. Since they are operated and controlled by a company, centralized exchanges offer more reliability. Approximately 99% of all crypto transactions go through centralized exchanges.
Decentralized cryptocurrency exchanges (DEX) allow users to execute peer-to-peer transactions without the need for a third party or an intermediary. Due to some of the issues associated with centralized exchanges, decentralized exchanges are preferred by some users.
Advantages of Decentralized Cryptocurrency Exchanges
1. Mitigating hacking risk
Users of decentralized exchanges do not need to transfer their assets to a third party. Therefore, there is no risk of a company or organization being hacked, and users are assured of greater safety from hacking and theft.
2. Preventing market manipulation
Due to their nature of allowing for the peer-to-peer exchange of cryptocurrencies, decentralized exchanges prevent market manipulation, protecting users from fake trading and wash trading.
3. Anonymity
Decentralized exchanges do not require customers to fill out know-your-customer (KYC) forms, offering privacy and anonymity to users.
Advantages of Centralized Cryptocurrency Exchanges
1. User-friendly
Centralized exchanges offer beginner investors a familiar, friendly way of trading and investing in cryptocurrencies. As opposed to using crypto wallets and peer-to-peer transactions, which can be complex, users of centralized exchanges can log into their accounts, view their account balances, and make transactions through applications and websites.
2. Reliable
Centralized exchanges offer an extra layer of security and reliability when it comes to transactions and trading. By facilitating the transaction through a developed, centralized platform, centralized exchanges offer higher levels of comfort.
