Experts opinion about cryptocurrency in keys vs cryptocurrency in exchange
Posted by BenMilo on January 27th, 2020
Cryptocurrency is the current “talk of the town” and is predicted to be the future for many developing industries. If you are a beginner, the concept of cryptocurrency can seem a bit of a head-scratcher. So, before diving into our topic, let’s start with a quick brief about cryptocurrency and exchange.
What is cryptocurrency and cryptocurrency exchange?
Cryptocurrency is a digital asset that is developed to work as a medium of exchange. Cryptocurrencies are encrypted with cryptographic codes, that help store, control, secure the currency and conduct a smooth transaction process. A Cryptocurrency exchange is nothing, but a trading business that enables businessmen, exchange their cryptocurrencies for other digital assets.
Basically, there are two ways to keep or store cryptocurrencies. You can either store your assets and the information on an exchange platform or store with one’s own keys. The popular suggestion of an expert is that it is better and safer to keep it on a crypto exchange. Let’s find out more about what he has said and why.
Suggestions of an expert: Why keep cryptocurrency on an exchange?
Meanwhile, there are also some opinions on the challenges of storing cryptocurrencies on their own keys and keeping the keys safe. Let’s take a look at them too, for a better understanding and better comparison between the two.
What are the difficulties with storing cryptocurrencies with one’s own keys and keeping the keys safe?
So, taking into consideration, all the above - mentioned suggestions, an exchange seems to be the better option. The demand and competition for crypto exchange platforms are very much alive currently and it is essential that you choose the right platform if you want to develop your own and run a smooth exchange business.
For one such reliable platform, get in touch with us, team Blockchain App Factory, as we have extensive experience with several successful projects on cryptocurrency and cryptocurrency exchange development. We will offer you the most secured platform with advanced blockchain integration and secured wallets to store your cryptocurrencies avoiding any theft/ involvement of third parties. Build your platform with us and join the millionaire club!
About the AuthorBenMilo
Joined: January 27th, 2020
Articles Posted: 5
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