Choosing a good crypto exchange is the first and most important step in having a favorable experience in the crypto financial business. Look for a platform that offers a diverse set of services, including quick and easy trading, competitive exchange rates, and a high level of safety and security.
We’ll take a closer look at BTC6X, a full-featured digital currency exchange, in this article.
The many components and features of the BTC6X exchange will be examined in depth in the following sections.
Cryptocurrency Pairs Types
To make trading cryptocurrencies easier and faster, all exchanges offer digital currency pairs. A crypto pair is actually two cryptocurrencies that can be purchased and traded at the same time.
Every cryptocurrency exchange should be able to offer a wide variety of coin combinations. Because this indicator shows how many different digital currencies can be bought and traded. Customers can trade a wide selection of cryptocurrencies on the BTC6X exchange, including several of these pairs.
Keep the concept of main currency in mind while buying or selling cryptocurrencies with a crypto pair. The most common sort of currency is one that can be purchased and sold. Take the ETH/CCXX pair, for example.
You wish to buy Ethereum and pay using Counos X when you use this combination to create a buy order. When this combination is used in a sell order, Counos X will be received in exchange for Ethereum.
Users can instantly trade any digital currency for other digital currencies as well as fiat money because to the large number and variety of crypto pairings available.
Among the notable crypto pairs are BTC/USDT, ETH/USDT, ETH/BTC, LTC/BTC, XRP/BTC, XBT/CCXX, and CCH/CCXX. There is one couple, though, about whom we’d like to learn more.
The two pairs we’d want to look at are XBT/USDT, which allows users to buy and sell Xbit Coin, and XBT/CCXX, which also allows users to buy and sell Xbit Coin.
Xbit Coin is available on the Xbit platform, which is a cryptocurrency designed exclusively for the gaming industry. Xbit has been endorsed by a financial institution and an organization, which will assist the coin’s value rise. The Xbit Gaming Platform is a financial institution that operates over the internet. This coin was designed to be used in online gaming in general, as well as on this platform particularly. On the Xbit Gaming Platform, you may spend bitcoins to play and win in tens of thousands of online games.
The Xbit Coin, which is a component of the Xbit Gaming Platform, can be thought of as a token investment. Staking Xbit coins is also possible. If users stake their coins, they will receive a 5% yearly interest return. As a result, consumers and bitcoin owners will benefit even more.
Xbit’s story, on the other hand, is far from over. This platform and concept have a great deal of promise. In truth, it serves as a hub for international lotteries. Every two weeks, Xbit Lotto holds a draw that follows the same rules and processes as traditional lotteries.
You may now play Crash with your Xbit Lotto balance. You can transfer any remaining balance in the game to your Lotto account and use it to buy lottery tickets.
Furthermore, the Xbit gaming platform will play a significant and vital role in the Counos Metaverse in the areas of gaming, gambling, and entertainment in general.
Two Factor Authentication (2FA) Improves Security
The security of the BTC6X exchange is one feature that stands out. Users may trade with confidence thanks to the platform’s structure and architecture, which contains the most up-to-date security algorithms and procedures.
One of the security features available on this platform is two-factor authentication, or 2FA.
Of course, in the world of cryptocurrencies, safety and security are two key factors, especially in these days when hackers and criminals are continuously targeting the Blockchain and digital currency businesses.
You may, however, take a few precautions to ensure that your online and crypto experiences are safe and secure. One of these techniques is two-factor authentication, which is available at BTC6X.
The most common type of 2FA is using an app or software, such as Google Authenticator.
By going to your BTC6X account and scanning a QR code in your user panel, you can enable 2FA with Google Authenticator.
Single Sign On
Users can now use the Single Sign On (SSO) technique on the BTC6X exchange.
Using a single sign-on (SSO) solution has a number of advantages for users. This method lets users to connect into many accounts using the same email address and password, rather than memorizing and remembering a bunch of usernames and passwords.
In truth, the SSO method used in this transaction was provided by Counos Platform, a Swiss Blockchain company.
As a result, users will be able to access all of Counos’ and BTC6X’s services using the same email and password, as well as benefit from the system’s simplicity.
Wallets that are Hot and Cold
Customers of BTC6X can store their funds in either a hot or cold wallet. There are two sorts of crypto wallets in general: hot and cold wallets.
Hot wallets, which are built for daily use, are the most frequent crypto wallets.
Apps and software for mobile and desktop wallets are incredibly user-friendly. Counos Mobile Wallet is one of the most popular mobile wallets for Android and iOS.
Cold wallets, on the other hand, are widely considered to be one of the most secure crypto wallets for storing and securing digital cash. These wallets do not have access to the Internet. Paper and metal wallets are examples of cold wallets. The Counos Paper Wallet is a great example because it can hold hundreds of different currencies.