Review on xCrypt by Samantha Beatrice
Xcrypt Exchange, inaccessible at the moment, try later
Xcrypt exchange started off as a semi-decentralized exchange which was registered and licensed under the Estonian Regulation in 2019. In the past, most exchange have had cases of hack but Xcrypt exchange came as an exchange which jad put enough security features in place to make sure it stands out in terms of security and quality of service delivered to users. Among the features used to enhance a tight security on this exchange include:
• ERC 721 and ERC 20 technology support
• Encryption of users private keys offline
• Employment of two-factor-authentification protocol
• Encryption of passwords using Salted SHA-256
These characteristics were enough to protect users, their data and their funds. The exchange also used to boast of low trading fees, amazing customer support, Liquidity and speedy transaction, where it processed about two million transactions per second. The exchange however comes as a multilingual exchange providing room for foreign investors to trade. As for the utility token of these exchange, Xcrypt exchange has its own token, Xcrypt token which is an ERC 20 token with about 200,000,000 coins in circulation. Based on what i experienced as the time if writing this review, it was impossible to register on thus exchange. When I loaded the URL, saw a message at the top saying" page under maintenance", this seems to have neem going on for a while, because CoinGecko also pointed out the fact that the exchange had been inactive for about two months alongside irs utility token. If alive, Xcrypt exchange would have provided a seamless trading experience for any user.
Pros
- None of the positive adjectives of this exchange is useful anymore
Cons
- The exchange is no longer accessible and usable
