What do I consider a safe exchange?

By icknu123 | icknu123 | 4 Jul 2020


Exchanges are an important part of the crypto world. As such finding the safest exchange is very important! Traditional exchanges aka the ones that you can put market orders are okay but they are the safest exchange to use. Some decentralized ones such as forkdelta require the use of a application that holds your private key. While that is safe-most of your coins are also held in one account aka private key-that has a central point of failure. Atomic Swaps would revolutionize trading on dexs but until then centralized/federated exchanges will do. Instant exchanges are one of the best versions of this. They are the safest exchange to use! The safest exchange in my opinion at this moment is Flyp.me-an instant and safest exchange that is really awesome!

First you have to understand on why I consider Flypme the safest exchange.
When you trade on a Traditional exchange the coins are not yours.
You have to trust the exchange has the coin you have and not also running on a reserve supply.
As you saw from Mt gox and other exchanges hacks your coin might just banish.
As such Instants are one of the safest exchanges to use. Flypme in particular is the safest exchange to use!
Here why:
In an an Instant Exchange you have 2 points of failure and they are no way connected to your private key. You send your bitcoin to flypme(which is one private key) and flypme sends you your token let say Eos :) Now that what you call the safest exchange!

Now on too privacy. Privacy is getting harder and harder these days which is where flypme comes in-the safest exchange!
First of all Flyp.me doesn't require any registration, email or account: only the user's crypto address.
No cookies are tracked!
Exchanges like Binanace you have to give your email which can be tracked to you which is really not private.
Flyp.me just need you to send your coins to them and they'll send another coin to you.
Your privacy is protected as such the safest exchange to use in my opinion!

Now you might be asking is flypme safe?
Yes it is!
Flyp.me is built and managed by the team at HolyTransaction, one of the first multi-currency wallets and the oldest still active. You can check all public information about it.

Are you know getting why I think flypme is the safest exchange, right now?

Also Flypme is not completely centralized like Binance.Gdax,Bitfinex and more are.
Flypme is structured in a federated style.
Flypme has a token called FYP.
FYP tokens are intentionally the shareholders of flypme.
Anyone holding FYP Tokens will be able to propose new features.
All changes vote on can viewed on an Ethereum-based Smart Contract and will crowdsource ideas from the community to deliver the best possible experience.
With this huge amount of transparency flpme once again proves they are the safest exchange to use.

When atomic swap is proven to be viable I am sure the community will propose flypme to use atomic swaps.
Decentration is the future and a decentralized dex will make it even more decentralized!

I hope you agree that Flypme is the safest exchange!
While yes no fiat-we should use fiat less and only when necessary.

This article is intended to earn ethereum tokens part of the Flyp.me’s writer program and I did an unbiased comparison. I don't shill coins. I am a big fan of other exchanges as well.
Nor am I investment giver! All the info I have stated are up to you to decide and invest at you own risk. I just an information giver!

This post was reposted from @sames with full permission! 

https://hive.blog/bitcoin/@sames/what-do-i-consider-the-safest-exchange#@sames/qbxn5d

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icknu123
icknu123

A fan of cryptocurreny!


icknu123
icknu123

A fan of crypto!

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