what cryptocurrency users look for when choosing an exchange – DiarioBitcoin

“The secret to becoming the platform of choice for users lies in security and simplicity,” said BingX CPO Vivien Lin during a recent event.

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• Security and trust top the list of features that users look for in a cryptocurrency exchange.
• Argentina is the 4th country in the world in percentage of inhabitants who own crypto assets. Mexico is 21st and Spain is 37th.
• External audits and reservation verification are other positive aspects to give greater security to users.

Security and trust are two words that are constantly heard in relation to cryptocurrencies, especially when referring to crypto exchanges., in which millions of users around the world place their trust daily for the management of their digital assets. These two pillars are fundamental in the day-to-day life of exchanges, which seek to represent these values ​​and give peace of mind to their users.

This constant quest to demonstrate safety and reliability was one of the main themes at the recent GM Vietnam event, where Vivien LinChief Product Officer of BingX, referred to how the company works to achieve these characteristics. “The secret to becoming the platform chosen by users lies in security and simplicity. At BingX, we prioritize building trust and maximizing security above all else. Having brilliant ideas is not enough, it is trust that strengthens trust in the user“Lin stated.

Cryptocurrencies are increasingly popular in the world and people are constantly looking for the platform that gives them the most confidence. In a recent report made by the Triple-A platform, Argentina is ranked 4th in the world in percentage of inhabitants who own cryptocurrencies and is the leader among Spanish-speaking countries. Brazil is located 7th, Venezuela is 17th, Mexico is 21st, Chile is 24th and Spain is in 37th position..

What things can strengthen the trust that an exchange generates in users? Without a doubt, The commitment that companies have to user security is at the top of the list. In this regard, Vivien Lin also stated in Vietnam that “Having a reputable external audit is key to giving users peace of mind regarding the security of the protocols, financial stability and compliance with regulations. At BingX we have a partnership with the renowned auditor CertiK to provide a more secure and reliable operating environment, which underlines the company’s commitment to the security of users and their assets.“.

As Product Manager of BingX, Lin is very clear about the risks that are run daily regarding possible hacks on the platforms. “We all know the dangers that lurk at the hacking level, but we also understand that there are people who can add value at that point.. Another way to provide security to our users is the bug detection program that we have active together with HackenProof, for which we offer rewards to those who find vulnerabilities in our platform. This is key for people to understand that we are constantly working to minimize the risks to their cryptocurrencies.“Declared Vivien regarding the risks of hacking.

Finally, another of the concerns that cryptocurrency users have in the world after different events in the past with exchanges is the ability of these companies to demonstrate that they have the necessary reserves to face the investments that are made. Lin also addressed this point at GM Vietnam and stated that “We are clear about how sensitive the issue of reserve verification is and we are convinced that exchanges have to be transparent in this aspect. BingX uses the Merkle Tree technique to provide proof of your reservationswhich our users can constantly access and see in real time“.

These statements by Vivien Lin were given within the framework of the panel “The search for the next super web3 app” during GM Vietnam. BingX participated in the event as part of its ExpansionX strategy, through which the company works to strengthen its presence and work in important regions such as Vietnam, Turkey and Argentina.

About BingX

Founded in 2018, BingX is one of the leading cryptocurrency exchanges, with over 10 million users worldwide. BingX offers a wide variety of products and services, including spot, derivatives, copy trading and asset management; all designed for the changing needs of our users, from beginners to professionals. BingX is committed to providing a reliable platform that empowers users through innovative tools and features to elevate their trading to the max.

In 2024, BingX became a proud primary partner of Chelsea FC, marking its debut in the world of sports.

For press needs, please contact media@bingx.com

For more information, please visit www.bingx.com/es-es/

Press release

Disclaimer: This is a press release produced by the team at BingX, hence DailyBitcoin does not endorse or promote any of the commercial offers mentioned in the text. DailyBitcoin appears as a media partner of the event.

Text and image of BingX

WARNING: This is an informative article. DiarioBitcoin is a media outlet, it does not promote, endorse or recommend any particular investment. It is worth noting that investments in cryptoassets are not regulated in some countries. They may not be suitable for retail investors as the entire amount invested could be lost. Check the laws of your country before investing.