As cryptocurrency trade continues to expand, there is a need to move from centralized trading platforms to decentralized ones. This is what makes the CryptoBridge count. The exchange allows you to transact in hundreds of digital coins and tokens while giving you total control over your funds.CryptoBridge was founded in 2017 and operates on top of the BitShares network.
Transacting on CryptoBridge
The BitShares gateway makes it possible for the site to process thousands of transactions within a second. It also gives you control over the private keys associated with your account. The distributed nature of the gateway eliminates the risk of having a single point of failure on the platform. You can use CryptoBridge as a web-based portal or as a desktop application. All you need to get started on the platform is an account name. Passwords are generated by the site. Ensure you do not lose your password since this might mean losing your account.
For each cryptocurrency exchange, you must find out how much you will be charged to buy and sell. CryptoBridge charges its users a trading fee of 0.2 percent and a varying staking fee determined by the BitShares committee. There is a gateway withdrawal fee that applies each time you withdraw from your account.
Safety of Funds
Being a decentralized platform, CryptoBridge offers more in terms of security than centralized exchanges. Using this platform gives you automatic protection from risks such as hacking and fraud.
CryptoBridge utilizes the Graphene blockchain that processes over 100,000 transactions per second. The blockchain has a confirmation time of 3 seconds to ensure that you get a dedicated, seamless experience on the transform.