Bankdex: A Decentralized Cross-Chain Cryptocurrency Exchange

The first time I heard about Bankdex as a cryptocurrency exchange platform, the feeling I had was; "Haven't we have enough of crypto exchange platforms, why new exchange platform again?"

But when I gave it a closer look and read the white paper, I was convinced beyond any reasonable doubt that Bankdex is an exchange that is much needed in the crypto space because its uniqueness and the solutions it profers to the prevalent problems posed by many existing existing exchanges.

Sometimes I just get annoyed by the way many of the existing exchanges operate and just wish I could boycott the exchange process by getting FIAT directly from cryptocurrency, but it is practically impossible.

One of the top problems posed by many of the exchange platforms is the issue of high rate of commission charged per transaction. I know many people in the crypto space and crypto enthusiasts can relate with this issue. It might be so annoying that you wonder about the amount of money the owners of those exchanges would be making everyday.

Recently, I had to abandon my coin in one particular exchange, what happened was that I sent in my coin with the hope to exchange it for another cryptocurrency, but having sent my coin, I discovered that the current price was not favourable, then I checked the option of sending back my coin to the cold wallet only to discover that the charges for sending back my coin is half of the value of the coin sent. Then I abandoned the coin on the exchange till this moment.

But it comes to Bankdex, it is a different story entirely as the charges on Bankdex is little to zero. Before we go further, please permit me to introduce Bankdex to you.

Bankdex is a decentralised exchange with a user-friendly interface. It was created with unique features to give best experience to users in terms of exchange of cryptocurrency to other cryptocurrencies and also ensure crypto to fiat transactions with speed and accuracy coupled with low charges on transactions.

One of the aims of creating bankdex is to be able to have a exchange that will be effective in introducing new users to the crypto world by having a userfiendly platform total removal of barriers associated with difficult technicalities in the purchase, Withdrawal and transfer of digital currencies.

Bankdex charges are very reasonable and attractive to every cryptocurrency trader when compared with what is obtained in other cryptocurrency exchange platforms. As a matter of fact, transactions on Bankdex is nearly free. Visit the website

Another major I have found to be challenging in many of the exchanges is the complication and complexity of the exchanges. I think the owners of those exchanges feel, "the more complicated a platform is, the more the level of professionalism". But nothing could be farther from the truth than this philosophy!

At the initial stage of my journey in the crypto world, I used to avoid exchanges because of their complexities. In those days, I used to send my digital assets to people to help me exchange it to FIAT and they normally charge me for each transaction. I found it so difficult to interact with exchanges and make any transaction. As a matter of fact, the first time I made a successful transaction on an exchange, it called for celebration!

Bankdex has come to tackle the challenge of user interface head long. Bankdex exchange platform is so simple and highly user-friendly. The UI interface is so simplified that a new comer into the crypto world can easily interact with it and make successful transaction on the same day. This is worth publicizing! I believe new users will enter more into the crypto world if we have a platform like Bankdex which makes transaction so simple to make.

Another concern of users when it comes to choosing exchange platform to use is security. Nowadays, some people have the larger percentage of their assets on the blockchain. So, before even considering any exchange platform for transaction, security is the utmost priority. It is no longer a news how a major exchange was hacked and huge amount of money was lost in form of digital assets.

Bankdex has taken time to learn from the previous incidence and build a strong exchange platform with distinctive algorithm to make hacking and other cyber crime nearly impossible on the platform. Bankdex take security issue so serious because it is the bedrock of everything on the blockchain. Users can be rest assured that good security is in place on Bankdex.

Yet another challenge people face in using many of the current exchange platforms is the issue of unethical response time by the customer care representatives. Sometimes when you are having a difficult moment on some exchanges and call in for the customer care, you find out that you receive no practical response not until after a long while, that you get a response. Though, this is not the case with many exchanges as people are fast learning and taking care of this lapses but is still experienced in some exchanges.

Bankdex gave a thorough plan for all these issues and came up with an exchange that has immediate response for customer related issues. Bankdex is a customer oriented platform. It ensures that users are give right treatments and that issues are resolved as soon as possible.

Another thing that ussually piss people off in many exchanges is their 'Out of the world KYC'. Many platform don't make their Know Your Customer procedure easy for users, they demand for documents that are not usually within the reach of users. It is admitted that KYC procedure has come to stay because of the numerous advantages it present to the platform as a fulfilment of regulation order, but when taken too far, it becomes absurd.

Bankdex has come with simple KYC procedure to facilitate easy entry into the crypto world without compromising the security of the platform and the requirements of the regulations. On Bankdex, you can be rest assured that your KYC procedure will stuck on the way, an average user can easily complete it.

Needless to mention mention is the fact that Bankdex is a decentralized exchange as it does not take custody of customer's digital assets but put each user in the control of their wallet. When comparing decentralized exchanges with centralized exchange like Bankdex, the advantages it present is so wide. See the table below:

Another unique feature of Bankdex is the Intra-wallet and cross-chain transactions. On Bankdex, users can make transactions within the wallet from one cryptocurrency to the other. Also, there is provision for transactions that involves different coins from various blockchains. So, instead of users trying to use different exchanges for cross chain transaction, Bankdex makes everything possible on a single platform.

Conclusively, Bankdex is an exchange platform that should be given a trial by all cryptocurrency traders and enthusiasts based on the mentioned features it posseses which is a great improvement on other existed exchanges.

For More Information

Website: https://www.bankdex.io

Facebook :https://www.facebook.com/bankdex.io

Twitter : https://twitter.com/bank_dex

Whitepaper :https://www.bankdex.io/wp-content/uploads/2019/06/WHITEPAPER.pdf

Telegram: https://t.me/bankdex

Medium :https://medium.com/@bank_dex

Linkedin :https://www.linkedin.com/organization/18708308

Github: https://github.com/bankdex

BountyOx Username: Petoz

A sponsored article written for a bounty reward