CRYPTOSOUK- THE NEEDED CHANGE IN CRYPTOCURRENCY
INTRODUCTION
The rate of growth in the cryptocurrency economy is quite encouraging. Many crypto platforms are recording massive turnout of users in their thousands. Crypto exchange has risen the 1 trillion mark per year and that is because of the exponential growth of the market. Even with this growth, the market is not immune to problems and one of them is the issue that arises from limited withdrawal.
Many crypto owners cannot exchange their digital currency for fiat money as they please because of the restrictions imposed on withdrawals. This process usually takes a long period, even months, for traders to get their money, which opens them up to risks and market disadvantages. Not to mention that in some countries it is even impossible to access such funds because cryptocurrency is illegal in such places.
DETAILS OF THE PROJECT
The need for a stable platform that will be used to obtain and circulate digital currency has been a challenge to crypto owners. A platform that will serve traders and will reduce the amount they spend on commission fees, with their assets linked to conventional financial systems for easy withdrawal of funds.
There is a platform available called CryptoSouk which will solve the above-mentioned problem and empower crypto owners with tools that will help them make the most of the crypto economy, regardless of their technical know-how. CryptoSouk will make the use of cryptocurrency an everyday possibility.
CryptoSouk was designed in such a way that anyone who has knowledge of the Internet can make use of it. This platform will be used for trading and exchanging digital assets and their intelligent interface will make the process a whole lot simpler compared to anywhere else. Some popular crypto-currencies such as Bitcoin, Monero, Ethereum will be used for trading on the platform at the initial phase and as time goes on, more cryptocurrency will be added. The approval of such number of currencies will give their users the choice of currency variety.
The users of the platform can customize their space as they please and the Arabic language will also be a feature of the platform. With the Arabic language supported, people from the middle east will be won over by the CryptoSouk platform as they will be able to participate in the market because plenty of the already existing platforms do not support Arabic.
HOW WILL CRYPTOSOUK OPERATE?
First of all, what you need to know is that the workings of CryptoSouk are very simple. The technological knowledge required to use their platform is very basic compared to other trading platforms.
The user needs to first register with CryptoSouk and then to fill out any questionnaire presented to them in the form of login details, email address, password, phone number etc. In the case that authentication will be needed, an SMS will be sent to their phone number for confirmation. Once all this is completed, then the user can proceed to the purchase of cryptocurrency and this can be done with their bank card. Now the user can make trades and exchanges, or store the assets in a purse or redeem goods purchased.
CONCLUSION
This project will have an effect in the middle east and will further make the adoption of cryptocurrency in the middle east possible. CryptoSouk will make the trading and exchange of cryptocurrency easier with the strategic partnerships they have made with other service providers and also the tools and features embedded on their platform.
To know more about this amazing project, please visit the following links below;
★ Web ★ ANN ★ Whitepaper ★ Twitter ★ Facebook ★ Medium ★ Telegram ★ Reddit ★
Username: isi2020
Profile: https://bitcointalk.org/index.php?action=profile;u=2363083
The rate of growth in the cryptocurrency economy is quite encouraging. Many crypto platforms are recording massive turnout of users in their thousands. Crypto exchange has risen the 1 trillion mark per year and that is because of the exponential growth of the market. Even with this growth, the market is not immune to problems and one of them is the issue that arises from limited withdrawal.
Many crypto owners cannot exchange their digital currency for fiat money as they please because of the restrictions imposed on withdrawals. This process usually takes a long period, even months, for traders to get their money, which opens them up to risks and market disadvantages. Not to mention that in some countries it is even impossible to access such funds because cryptocurrency is illegal in such places.
DETAILS OF THE PROJECT
The need for a stable platform that will be used to obtain and circulate digital currency has been a challenge to crypto owners. A platform that will serve traders and will reduce the amount they spend on commission fees, with their assets linked to conventional financial systems for easy withdrawal of funds.
There is a platform available called CryptoSouk which will solve the above-mentioned problem and empower crypto owners with tools that will help them make the most of the crypto economy, regardless of their technical know-how. CryptoSouk will make the use of cryptocurrency an everyday possibility.
CryptoSouk was designed in such a way that anyone who has knowledge of the Internet can make use of it. This platform will be used for trading and exchanging digital assets and their intelligent interface will make the process a whole lot simpler compared to anywhere else. Some popular crypto-currencies such as Bitcoin, Monero, Ethereum will be used for trading on the platform at the initial phase and as time goes on, more cryptocurrency will be added. The approval of such number of currencies will give their users the choice of currency variety.
The users of the platform can customize their space as they please and the Arabic language will also be a feature of the platform. With the Arabic language supported, people from the middle east will be won over by the CryptoSouk platform as they will be able to participate in the market because plenty of the already existing platforms do not support Arabic.
HOW WILL CRYPTOSOUK OPERATE?
First of all, what you need to know is that the workings of CryptoSouk are very simple. The technological knowledge required to use their platform is very basic compared to other trading platforms.
The user needs to first register with CryptoSouk and then to fill out any questionnaire presented to them in the form of login details, email address, password, phone number etc. In the case that authentication will be needed, an SMS will be sent to their phone number for confirmation. Once all this is completed, then the user can proceed to the purchase of cryptocurrency and this can be done with their bank card. Now the user can make trades and exchanges, or store the assets in a purse or redeem goods purchased.
CONCLUSION
This project will have an effect in the middle east and will further make the adoption of cryptocurrency in the middle east possible. CryptoSouk will make the trading and exchange of cryptocurrency easier with the strategic partnerships they have made with other service providers and also the tools and features embedded on their platform.
To know more about this amazing project, please visit the following links below;
★ Web ★ ANN ★ Whitepaper ★ Twitter ★ Facebook ★ Medium ★ Telegram ★ Reddit ★
Username: isi2020
Profile: https://bitcointalk.org/index.php?action=profile;u=2363083
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