A Complete Analysis of BTC6X Exchange
Picking the right crypto exchange is very important when it comes to having a successful experience of trading digital currencies. In this article, we want to take a closer look at BTC6X, an exchange that can deliver all of the features desired from a proper digital currency exchange.
In the following sections, various aspects and features of BTC6X exchange will be reviewed in detail.
Multitude of Crypto Pairs
Digital currency pairs exist in all exchanges in order to facilitate and speed up the process of trading cryptocurrencies with one another. In fact, a crypto pair is made up of two cryptocurrencies that can be bought and sold with each other quickly.
The high variety of crypto pairs is a very important factor for any exchange. Because this factor shows how many digital currencies users are able to buy and sell. BTC6X exchange has a very high variety of these pairs that enables users to trade a high number of cryptocurrencies.
When you are using a crypto pair to buy or sell cryptocurrencies, you need to keep in mind the notion of main currency. The main currency is in fact the one that is being bought or sold. Consider ETH/CCXX pair for instance.
When you put in a buy order with the help of this pair, you want to purchase Ethereum and pay with Counos X. On the other hand, when you put in a sell order with this pair, the aim is to sell Ethereum and get Counos X in exchange.
So, by having a high variety and number of crypto pairs, users can easily trade any kind of digital currency with other digital currencies and also with fiat money.
There are a lot of notable crypto pairs, such as BTC/USDT, ETH/USDT, ETH/BTC, LTC/BTC, XRP/BTC, XBT/CCXX, and CCH/CCXX. But there is one pair that we want to further analyze.
Xbit Coin is offered by the Xbit platform; which is a cryptocurrency specifically designed for the gaming industry. To this end, behind Xbit, there is a financial establishment and institute to give power to this coin to rise higher. This financial institute is the online Xbit Gaming Platform. This coin has been designed for online gaming in general, but specifically to be used in this gaming platform. Xbit Gaming Platform offers thousands and thousands of online games that you can play and win, all with crypto.
In addition, the Xbit Coin is considered as representative shares for the Xbit Gaming Platform. Xbit coins can also be staked. When users stake their coins, they will receive a 5 percent annual interest. So, in this way, the users and owners will benefit even more with this cryptocurrency.
But that’s not where it ends with Xbit. This project and platform is so much bigger. In fact, it also offers an international lottery platform. Xbit Lotto follows similar rules and methods as first grade and high standard lotteries, and has a draw every two weeks.
You can also use your balance from Xbit Lotto to play Crash. Also if you have a balance in the game, you can transfer it back to your Lotto account and buy tickets to participate in lottery draws with that balance.
Furthermore, Xbit gaming platform will play a crucial and pivotal role in the Counos Metaverse, in the matters of gaming, gambling and entertainment in general.
A High Level of Safety with 2FA
When evaluating BTC6X exchange, one feature that truly stands out is the security of this platform. In the development and design of this platform, the latest security algorithms and methods have been implemented to make sure that a platform is offered to users in which they can trade with ease of mind.
Among the security features that can be seen in this platform is the Two Factor Authentication or 2FA.
Of course, in the world of cryptocurrencies, safety and security are two crucially important factors, especially these days when we are witnessing various forms of cyber-attacks and cybercrimes each day in the world of Blockchain and digital currencies.
But there are some methods with the help of which you can have a safe and secure experience online and in the world of crypto. Among these methods we can refer to the two factor authentication which is available at BTC6X.
The most prevalent form of 2FA is to use an app or software, such as Google Authenticator.
To activate your 2FA feature using Google Authenticator, you just need to go to you recount on BTC6X and in your user panel, you can scan a QR and just like that you activate your 2FA.
Single Sign On
BTC6X exchange has also made it possible for users to use a Single Sign On or the SSO system.
Using an SSO system has a lot of advantages for users. For instance, with the help of this system, they can use the same email and password to have access to various accounts, without having to memorize and go through the hassle of so many usernames and passwords.
In fact, the SSO system used in this exchange is the same SSO system offered by the Swiss Blockchain company Counos Platform.
So, in addition to the advantage of ease of access with this system, users can have access to all the services offered by Counos through the same email and password, in addition to enjoying all the services offered by BTC6X.
Supporting Hot and Cold Wallets
The users of BTC6X can manage their assets with the help of a both hot and cold wallet.
In general, crypto wallets are divided into two main groups of hot and cold wallets.
Hot wallets are the most common crypto wallets and are best for daily use. They are very easy to use and examples of such wallets are mobile and desktop wallet apps and software. Among the best hot wallets for mobile, we can refer to Counos Mobile Wallet for Android and also for iOS devices.
On the other hand, cold wallets offer a high degree of safety and are considered among the most secure crypto wallets in order to save and store digital currencies. These wallets are not connected to the Internet. Paper wallets and also hardware wallets are among cold wallets. A great example would be the Counos Paper Wallet, which can be used to store hundreds and hundreds of various cryptocurrencies.
Both hot and cold wallets have their own advantages and the user can pick one or the other based on their needs and requirements to trade crypto on BTC6X.
Low and Reasonable Fees
Another important factor that you need to take into account when deciding on which exchange you want to pick is the matter of exchange fees. Some exchanges actually impose high fees. As such, trading with them would not be the most financially sound idea.
However, BTC6X exchange has some of the lowest fees that can be found on the market. So, with the help of this exchange, you will not have to worry about this matter and trade with ease of mind.
Airdrop Program for Registration
One more factor that makes BTC6X exchange a suitable candidate for all those who want to buy or sell cryptocurrencies is the fact that you will get an airdrop when registering on this exchange.
So, when you sign up, you will receive 10,000 token in your account, which you can then use to trade digital currencies at BTC6X.
Powerful Servers for Analysis
Among the important features that crypto exchanges can offer users is the analysis of the market. This analysis is very important in that users can depend upon this data to make decisions with regard to their assets in this market.
BTC6X uses very powerful servers for market and crypto analysis. You can get help from these analyses to decide when to trade your cryptocurrencies.
Therefore, extensive, comprehensive, and reliable data and market analysis is another advantage of BTC6X.
When it comes to evaluating a business or platform for its reliability and validity, customer support and services are of the utmost importance.
BTC6X exchange offers support to all its users 24 hours a day 7 days a week. So you can refer all and any question, inquiry, or concern that you may have to this team and they will respond in a timely manner.
When evaluating BTC6X exchange, it can be seen that there are various features that users can implement and use in order to have an ideal experience in this platform.
Other than the features that have been reviewed in this article, we can refer to other items that sets this exchange apart in the crypto market.
The design and UX of the website are quite eye catching and at the same time create a peaceful and professional atmosphere for users to trade in.
Another positive aspect of BTC6X is the fact that this exchange has the support of certain Swiss financial institutes.
Furthermore, in addition to all the security features and algorithms implemented in this platform, we can refer to the specific security mechanisms that have been put in to place when it comes to extracting and withdrawing money out of the exchange.
In the end, it is noteworthy to point to other features that this exchange intends to add or improve in the future. Among these upcoming features, we can refer to a physical exchange to transfer money and assets, mobile application of the BTC6X exchange, and also other features including gaming and lottery.
All in all, it can be seen that BTC6X has put together an array of very useful and top notch features and algorithms for users to have the best experience of trading digital currencies.