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This is the biggest innovation that we have pioneered, there are two key ideas that are at play here. We never send funds directly to users, however we ensure traders keep their word and send funds to users directly by tracking the public ledger of blockchains like bitcoin, ethereum etc to track whether traders actually sent funds to users and if they did the trade is considered successful and they earn a favourable rating. What happens if users are lying? On a p2p exchange, there are risks on both sides, traders usually dont lie because they have reputation at stake, however users might lie and pretend they have send funds.
This is exactly why, users are given a rating too and they are given higher trading limits over time so that they dont traders for a ride. How do you ensure user privacy? As we dont collect KYC information of users, we never run the risk of KYC Data breach like the way it happens in most centralized exchanges including in Binance We also delete trading information after 3 months and only keep only Ratings informatoin this also save us database space :P , apart from this, we force Traders to update their input addresses on a monthly basis.
Setting up your Safex Wallet This stage is a little more complicated, but if you follow the guide you should be on your way to becoming a Safex investor. This process is the simplest way to get hold of Safex tokens. But first, before we even buy any Safex Coins, we need to set up our Safex Wallets to hold our newly purchased coins. It is important that you set up a Safex wallet before buying any Safex coins otherwise you may risk losing them.
Downloading the Safex Wallet Go to safex. Simply click on your operating system of choice and wait for it to download. Once downloaded install the wallet. Running the Safex Wallet Once the install has completed, you should find a shortcut to the wallet either on your desktop Windows or your application folder OSX and Ubuntu. Double click on the wallet to execute it. Click New Wallet. It will then prompt you to create a password for your wallet.
It is important that you create a secure yet memorable password, made up of letters, numbers and special characters. There is a guide on how you can create a strong yet memorable password here. Remember, if you forget your wallet password then you might lose access to your Safex Coins unless you back up your private keys — more on this later. For ease of use the wallet automatically generates you your first wallet address. Next, you will need to grab your public key. This is highlighted in red in the screenshot above.
You will need this public key for when your ordering your Safex coins later. I recommend you now jump to the Buying with Bitcoins section. This stage is the most important for any aspiring Safex investor.
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Select Amount — You can either choose how much of your local currency you want to spend, or a specific amount of Bitcoins you want to buy. This limit increases over time the more you spend with them. Review your order — Please check review your order before pressing the buy button. Coinbase summarises your purchase on the right hand side of the screen. It breaks down exactly how many Bitcoins you will get, the fees involved, and how much it will cost you in your local currency.
Buy Bitcoins — You will then be directed to a Verified with Visa. Instructions vary from bank to bank but follow the instructions given. You now own Bitcoins! From here you can now move to the next stage. Buying with Bitcoins. Setting up your Safex Wallet This stage is a little more complicated, but if you follow the guide you should be on your way to becoming a Safex investor. This process is the simplest way to get hold of Safex tokens.
But first, before we even buy any Safex Coins, we need to set up our Safex Wallets to hold our newly purchased coins. It is important that you set up a Safex wallet before buying any Safex coins otherwise you may risk losing them. Downloading the Safex Wallet Go to safex. Simply click on your operating system of choice and wait for it to download. Once downloaded install the wallet. Running the Safex Wallet Once the install has completed, you should find a shortcut to the wallet either on your desktop Windows or your application folder OSX and Ubuntu.
Double click on the wallet to execute it. Click New Wallet. In addition to having questionable data gathering practices, some of these major eCommerce portals create higher prices for consumers and sellers. Safex provides a low barrier to entry marketplace that allows even small shops to enter the digital age. Allowing consumers to privately shop at a cheaper price while sellers reach their maximum profit margin through low fees and fair practices.
During his time in the US financial capital, he had acquainted himself with the intricacies of peer-to-peer networking, scientific computing, distributed price analysis modeling, and prediction algorithm optimization. These skills were the cornerstone of the trading execution algorithms and price following system that is still in use today on Safex.
Following an interest in cryptography, he had joined MaidenSafe and its SAFE Network which later inspired Dabek to create Safex out of the demand for privacy and security in the global marketplace. Furthermore, payouts could span from days to weeks, impeding operations, and opening up sellers to the credit risk of the platform.
Build a webstore on a privacy blockchain. As a seller, you will enjoy a boost in efficiency. There is absolutely no wait time nor downtime between the moment customers press purchase and money flowing into your account. Allowing sellers to quickly obtain revenue to refill their inventory and keep up with demands means operating at maximum capacity.
It is infuriating to see consumers being pulled away from your product to something else that is similar — but perhaps a bit cheaper. Sellers on Amazon are experiencing and these kinds of losses — and as a business model, it is not sustainable. Sellers and buyers on Safex will retain autonomy on what they buy and sell, creating a fair platform for all to use!
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