SAEX Global

20/03/2020

║GLOSSARY║

📙 Hybrid Exchange 📙

➜ A combination of a centralized and decentralized cryptocurrency exchange.

More info on hybrid cryptocurrency exchanges next week!

Follow us on social media to stay updated with our latest posts.

Facebook: https://www.facebook.com/SAEX-Global-108133350730967/

Instagram: https://www.instagram.com/saex.global/

Twitter: https://twitter.com/GlobalSaex?s=09

Telegram: https://t.me/saexglobal

17/03/2020

║Decentralized Cryptocurrency Exchange║

Decentralized cryptocurrency exchanges (DCEs) are exchanges that operate without a central authority.

DCEs do not depend on a company or a service to control the assets of a user. Instead, peer-to-peer trades or transactions are controlled by an automated process without any central presence.

This is made possible by utilizing blockchain technology.

Typically, DCEs serve only as a matching and routing layer for trade orders.

There are a number of benefits to DCEs.

Firstly, DCEs do not hold its users’ information, positions, or funds, which indirectly gives rise to high levels of privacy.

Second and most importantly, DCEs offer higher security as they are less susceptible to price manipulation and other fraudulent trading activities due to its distributed network.

In addition, government intervention is also not possible due to these distributed global nodes.

Despite these distinct advantages, DCEs are not preferred by many.

This is mainly because DCEs often struggle to maintain a fundamental level of user interest, primarily in trading volume and liquidity - a result of its limited functionality.

Besides trading, DCEs do not typically offer any other additional services. Perhaps most notably, DCEs are exclusive to cryptocurrencies and only accept payments in cryptocurrencies.

These reasons and more have contributed to its unpopularity.

However, there are a few thriving DCEs such as Waves DEX, EtherDelta, and AirSwap.

13/03/2020

║Centralized Cryptocurrency Exchange║

Centralized cryptocurrency exchanges (CCEs) are online platforms used by investors to buy, sell, and trade cryptocurrencies.

Despite being the most commonly used cryptocurrency exchange, most people find the concept of a centralized exchange to be misleading because digital currencies are said to be decentralized.

So, why is the platform called a centralized network?

Known also as a traditional cryptocurrency exchange, CCEs are governed by a company of central organisation.

In the term "centralized cryptocurrency exchange," the idea of centralization refers to the use of a third party to help conduct transactions, commonly seen in banking institutions.

Thus, CCEs operate similarly to banks.

Bank setups were adopted by CCEs as banks offer a level of security and monitoring that most individuals cannot accomplish on their own. For example, simply by forgetting the key to his/her wallet, an individual can lose all of his/her digital currency. An exchange prevents this by safeguarding the holdings in place of the investor.

Transactions on the platforms are controlled by the owners of the CCE and can only be made through the mechanisms that are provided and approved by the central body. The exchange is also responsible for the ex*****on of buy and sell orders.

CCEs offer higher liquidity and a greater volume of trade. Besides that, CCEs also provide quicker transactions and are able to support multiple users at once.

Due to these reasons, CCEs are more widespread and popular compared to other types of cryptocurrency exchanges.

Despite that, CCEs are vulnerable to breakdowns because the platform is managed by one central body. Therefore, aspects like trust, security, and transparency are often highly prioritized by most CCEs.

Popular CCEs include Binance, Bittrex, Bitfinex, and Coinbase.

10/03/2020

║What is an Exchange?║

Cryptocurrency exchanges are online platforms where users can buy, sell, or exchange cryptocurrencies for other digital or traditional currencies.

The working principle of a cryptocurrency exchange is somewhat similar to a regular stock exchange. The only difference is that exchanges focus on cryptocurrencies instead of stocks.

Exchanges primarily serve as intermediaries between a buyer (maker) and a seller (taker) besides facilitating fiat-to-crypto and crypto-to-crypto trades and transactions.

If a trader wants to trade cryptocurrencies, he/she will have to pay a currency conversion fee.

The system of buying and selling cryptocurrencies is similar to that of a brokerage, where a taker places a limit order and sells it to a maker when an equivalent cryptocurrency is made available.

Before being able to use the services of an exchange, a user must register with the exchange and go through a series of verification processes to authenticate his or her identity for KYC (Know Your Customer) and AML (Anti-Money Laundering) purposes.

After that, users can deposit money via bank wires, bank transfers, credit or debit cards, and other commonly used means of deposit before commencing trade and transactions.

Service fees are imposed depending on the exchange.

Generally, there are 3 types of cryptocurrency exchanges: Centralised exchanges, Decentralised exchanges, and Hybrids.

More on the different types of exchanges later this week.

06/03/2020

║GLOSSARY║

📙 Cryptocurrency Exchange 📙

➜ A digital marketplace where traders can buy, sell, or exchange cryptocurrencies for other assets such as digital or fiat currencies.

More info on cryptocurrency exchanges next week!

Follow us on social media to stay updated with our latest posts.

Facebook: https://www.facebook.com/SAEX-Global-108133350730967/

Instagram: https://www.instagram.com/saex.global/

Twitter: https://twitter.com/GlobalSaex?s=09

Telegram: https://t.me/saexglobal

03/03/2020

║What are Altcoins?║

In simple terms, altcoins refer to all cryptocurrencies other than Bitcoin.

Launched after the success of Bitcoin and as competition to Bitcoin, the term ‘Altcoin’ was coined by combining the words ‘alt’ and ‘coin’.

Altcoins are created based on the technical standards of Bitcoin, thus giving them Bitcoin-like features such as having a fixed supply.

Most altcoins function similarly to Bitcoin, serving as a store of value and handling decentralised peer-to-peer (P2P) payments, each at its own transaction speed, fees, and privacy policies.

However, not all altcoins are alike.

Some altcoins have been developed for narrowly defined use cases, namely to tackle a specific industry, while some provide users with the ability to create new tokens and develop smart contracts.

While thousands of promising altcoins have emerged, only a handful have lasted in the market. These include Ethereum, Litecoin, and Ripple, greatly owing it to their specific and distinct use cases.

As of early 2020, more than 5,000 altcoins were estimated to have been developed.

By marketing themselves as better and safer alternatives to Bitcoin, altcoins accounted for over 34% of the total cryptocurrency market in February 2020.

28/02/2020

║What is a Cryptocurrency?║

Cryptocurrency is a type of digital asset designed to work as a medium of exchange to conduct, secure, and verify financial transactions.

The word “cryptocurrency” is derived from the encryption techniques it adopts to secure financial transactions.

Cryptocurrencies leverage blockchain technology to gain its most popular features of decentralization, transparency, and immutability.

However, the highlighting feature of cryptocurrency is that it is not controlled by any central authority as opposed to the presence of government control and interference in most traditional financial services.

Bitcoin is generally considered the first cryptocurrency.

Over the years, the success of Bitcoin had spawned the creation of over 6,000 alternative variants of cryptocurrency, also known as altcoins.

Some of the more popular altcoins include Ethereum, Ripple, Litecoin, and Tether.

Owing to its vast benefits, features, and popularity, more people, investors, businesses, and even leaders are jumping on the bandwagon, resulting in more research, developments, adaptations, and regulations of cryptocurrencies in most parts of the world.

25/02/2020

🌟 ABOUT US 🌟

SAEX is a globally-integrated financial services platform that focuses on digital asset trading and management.

Founded by a team of traditional financial sector experts, we are dedicated to building a new world of finance using innovative blockchain technology and the token economy.

We are governed by the principles of transparency, freedom, openness, and fairness.

Our vision is to allow everyone to bask in the dividends of blockchain and foster their aspirations of becoming global leaders in the field of blockchain and cryptocurrency.

Through our global social media accounts, we wish to promote, instil, and share relevant knowledge and information about the technology.

Follow us on social media:

Facebook: https://www.facebook.com/SAEX-Global-108133350730967/

Instagram: https://www.instagram.com/saex.global/

Twitter: https://twitter.com/GlobalSaex?s=09

Telegram: https://t.me/saexglobal

21/02/2020

👩🏽‍💻👨🏽‍💻 New posts every week 👨🏽‍💻👩🏽‍💻

Stay tuned to weekly posts on all things cryptocurrency!

Keep up by following us on social media:

Facebook: https://www.facebook.com/SAEX-Global-108133350730967/

Instagram: https://www.instagram.com/saex.global/

Twitter: https://twitter.com/GlobalSaex?s=09

Telegram: https://t.me/saexglobal

19/02/2020

🥳 Follow us on social media 🥳

Facebook: https://www.facebook.com/SAEX-Global-108133350730967/

Instagram: https://www.instagram.com/saex.global/

Twitter: https://twitter.com/GlobalSaex?s=09

Telegram: https://t.me/saexglobal

19/02/2020