We can all agree that cryptocurrency is a revolutionary technology but along with new innovation, comes new scams. Unfortunately, cryptocurrency is not immune from these scams. Hence, one always needs to be on the lookout for new projects that help make crypto trustworthy again. BestRate is one such project that you need to learn about.
BESTRATE MAKES CRYPTO TRUSTWORTHY AGAIN
First, a little background information on BestRate. BestRate is an aggregator of crypto exchanges that lets users find the best exchange rates from around the world. The platforms let users purchase, sell and exchange Ethereum, Bitcoin, and 80+ other digital currencies at their cheapest market rate. As a result, the exchange process is secure, easy and cheap as the platform itself does not charge any fees. In a decentralized fashion, the platform helps bring buyer and sellers together. Now, let’s see how it all works.
BESTRATE CRYPTO AGGREGATOR: HOW IT WORKS
To make crypto trustable again, BestRate utilizes a user-friendly interface with advanced functionality. It all starts when a user simply chooses the coin and the amount they want to exchange. For this example, let’s say Cardi wants to exchange Ethereum (ETH) for Cardano (ADA). After putting in how much Cardi wants to exchange, BestRate scours all available crypto exchanges to find the best rate.
From there, Cardi chooses the best option. The rate is exactly the same as if she were to use the service provider directly. However, with BestRate, she gets an additional layer of trust and security. Now, Cardi just sends coins directly to the service provider using the interface. As a result, it’s an incredibly easy process. In minutes, Cardi sees her completed transaction.
WHY THE CRYPTO COMMUNITY NEEDS BESTRATE
You may think BestRate goes against the concept of decentralization. That it’s just a middle man connecting traders to exchanges. However, it’s so much more than that. It’s a way to enhance the entire process and make crypto more efficient and trustable. With exchanges shutting down every year, it’s hard to know who to trust with your hard-earned money. Hence, BestRate helps to solve this issue using one, diversified tool. Furthermore, they have an ICO Payment widget and more at this link. Check it out today.