Why You Should Quit CEX and Join C3 Exchange

If you are a cryptocurrency trader, you might be familiar with the term CEX, which stands for centralized exchange. A CEX is a platform that facilitates the trading of cryptocurrencies, but also holds the custody of your funds and private keys. This means that you have to trust the CEX to keep your assets safe and secure, and to process your transactions correctly.
However, trusting a CEX comes with many risks and drawbacks, such as:

• Hacking and theft: CEXes are attractive targets for hackers, who can exploit their vulnerabilities and steal millions of dollars worth of cryptocurrencies from users. For example, in 2014, Mt. Gox, the largest CEX at the time, was hacked and lost 850,000 bitcoins, worth about $450 million then and $34 billion now1.
• Regulation and censorship: CEXes are subject to the laws and regulations of the jurisdictions they operate in, which can impose restrictions and limitations on their users. For example, in 2017, China banned all CEXes from operating in the country, forcing many users to withdraw their funds and find alternative platforms2.
• Performance and scalability: CEXes rely on centralized servers and databases, which can suffer from congestion, downtime, and errors during periods of high demand. For example, in 2020, Coinbase, one of the most popular CEXes, experienced several outages and delays, affecting millions of users and traders.

These are some of the reasons why many cryptocurrency enthusiasts are looking for a better alternative to CEXes, and that’s where C3 exchange comes in.
C3 exchange is a self-custodial exchange, which means that it does not hold your funds or private keys in custody. Instead, you can trade directly from your own wallet, using any blockchain of your choice. This gives you full control and ownership of your assets, without having to trust a third party.
C3 exchange also offers many benefits and features that make it superior to CEXes, such as:

• Security and trustlessness: C3 exchange uses a hybrid off-chain matching and on-chain settlement architecture, which ensures that your transactions are executed instantly and securely, without relying on a centralized authority. You can trade trustlessly, without worrying about hacking, theft, or fraud.
• Privacy and transparency: C3 exchange does not require you to sign up or provide any personal information. You can simply connect your wallet and start trading. C3 exchange also ensures that you have clear visibility into your transactions and the overall operations of the exchange, without compromising your privacy.
• Versatility and freedom: C3 exchange supports multiple blockchains and wallets, giving you the flexibility and convenience to choose your preferred solutions. You can trade across different chains, using different wallets, without any hassle. You can also access advanced features and order types, such as margin trading and funding, to enhance your trading experience.
• Performance and scalability: C3 exchange leverages the power and potential of decentralized technologies, such as smart contracts, to provide a smooth and efficient trading platform. C3 exchange can handle high volumes and demands, without suffering from congestion, downtime, or errors.

C3 exchange is the next-generation self-custodial exchange that’s redefining the landscape of crypto trading. It combines the best of both worlds: the security and trustlessness of a DEX, and the performance and features of a CEX.
If you are ready to quit CEX and join C3 exchange, you can visit their website or follow them on Twitter for more information. Don’t forget to tag @C3protocol and use #QUITCEX to show your support and spread the word