Dangerous market players

It will be silly to discuss for the hundredth time the incident with the BTC-e. As result we know that old methods of cryptocurrency exchange aren’t safely and cryptocommunity should find new ways of tokens turnover. Interestingly, that the case with BTC-e isn’t first, we know that BTC-e only repeat Mt.Gox’s story. We observe a regularity, not an accident. The problems of centralized exchanges are grounded in unlicensed activity, lack of identification and, as a consequence, the possibility of laundering proceeds from crimes. This means that the existence of unlicensed centralized exchanges also without user identification is not profitable for governments on the legal side. But is it only not profitable for the governments, what about users?

Third wheel

Is it normal that we are still buying tokens using an intermediary? Of course, no. The consequences can be the saddest.None of us wants to lose tokens because of laundering of criminal money through exchanges, as in the case of Alexander Vinnik. And what about the fact that after the illegal actions of users, the centralized exchange can be closed for an indefinite period? At the same time, the centralized exchanges have started an active practice of banning collective claims, for example, Poloniex entered. Such situations are not up-to-date, they keep the whole cryptocommunity underground. Centralized exchanges make us dependent on them.

Decentralization & licensing

Now there is only one way to solve this problem — use new P2P decentralized exchange platforms. So let’s speak about the cryptocurrency future, not about past tenses, because the time of absolute control of the cryptocurrency on the part of the exchanges has come to an end!

P2P platforms are more safety unlike traditional exchanges which centralized all transactions around platform. P2P uses a method that prohibits a third party from interfering with a transaction.P2P decentralized exchanges don’t store tokens, so they can’t steal or do anything illegal with your tokens.So users can not worry about the safely of their tokens. Of course, P2P exchange platforms are licensed in the regions where it is required. P2P exchange users are verified in accordance with the requirements of Anti Money Laundering norms. These items make work of exchange platforms clean from the legal side, so they can’t suddenly close or steal your personal data. In P2P decentralized exchanges, users do not depend on the results of illegal actions of other users or exchange platform, and the platforms themselves can not experience any legal problems that limit the possibility of transactions.

Step over

The cryptofuture includes P2P technologies, and we take an active part in this. We see a threat in the centralized exchanges. So we are developing a licensed P2P exchange platform with mobile application, with which cryptocommunity will be able to quickly buy and sell cryptocurrency all over the world. Welcome to a new era, because in the old era is no longer safe!

Follow Qvolta’s story in social media:Slack,Telegram, Facebook, Twitter, BitcoinTalk