A lot of people will agree with this sentiment, using many cryptocurrency exchanges effectively is often like trying to find a needle in a haystack, it’s exhausting, monotonous, difficult and anti-climactic.
That’s if your geographical status, blood type and ancestry even lets you anywhere near the exchange.
Exenium aim to change this and simplify the process.
Bitcoinist.com have referred to Exenium as the ‘Crypto exchange for hipsters’, so, I felt it appropriate to do some digging and really see what Exenium is all about.
According to their website, “Exenium is a fully functional cryptocurrency exchange implemented as a chat-bot for the most popular messengers”. This includes WhatsApp, Facebook Messenger and Telegram (among others).
Exenium claims that it’s platform is at no risk of a DDoS Attack, unlike Bittrex for example, unlike Poloniex, Exenium does not charge a listing deposit and unlike Hitbtc, Exenium is available not just on the web, it is available through various mediums such as iOS, Android and Windows Mobile.
The format of the exchange has been designed to be ultra-user friendly, it achieves this through integration with chat-bots in messenger apps such as Facebook Messenger, although this raises some privacy questions with me, in light of the recent events going on at Facebook.
Alongside the messenger integration, comes an ability for Exenium to be used on any device, anywhere in the world, making it a far more accessible exchange in comparison to its rivals.
To pair up with it’s easy of use, Exenium have built in a host of security features, from an ability to withstand high level denial of service attacks to full protection of customer money and data.
I won’t go on, otherwise this article will return into a review, but you can see the full White Paper for Exenium here if you so wish to- https://exenium.io/upload/iblock/9bc/Exenium-Whitepaper-Eng.pdf
For me personally, this looks to be a novel idea, the chat-bot side of it is at least, but I’m uneasy about how much privacy one can guarantee when integration with the likes of Facebook comes into play. I’m also uncertain as to why Bitcoinist.com have branded it as a hipster alternative, it just sounds like a standard cryptocurrency exchange with some fancy new features added to it, it’s hardly a soya milk flat white served on a plate made entirely of apple products consumed through a carbon fibre straw is it?
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