CryptoRiya: The best from the crypto exchange

If you have at least a little crypto currency in your wallets, or you just want to get it there, then the CryptoRiya project, which we already began to survey in the first part, will not leave you indifferent. It is better to start with it, but in short, CryptoRiya is a platform that will unite the best from the crypto exchange !

Too unreliable exchangers

Despite the fact that the number of Crypto currency is growing, and with them the number of different exchangers and exchanges, they are still far from ideal. The person who deals with the crypt is not the first month to notice: even those representatives of exchange services, which were originally nothing, have now become frank tools for robbing crypto-enthusiasts. 

For example, if you started using a particular service because transactions were fast, then in time they become slow. Or, if you liked the low commission for conversion, then, over time, it will necessarily grow and you will have to look for a more reasonable alternative. Thus, neither the product attracts enough to make it unique in its arsenal.

In short, we can identify such problems that are associated with the bulk of exchangers:

• It is expensive! And the truth is, the first thing that stops an ordinary person from buying a crypto currency is the price. Everything turned out extremely simply: when the goods, on which demand is growing, turns out to be too enterprising a person, then it starts to rise rapidly. And we are not talking about the positive dynamics of the growth of the crypto currency market, but about the fact that exchangers, knowing how profitable the purchase of the crypto currency can be, artificially raise the price for the conversion of their Fiat into crypto. As a result, most people are deterred from buying, because they do not know if they will benefit from such a deal in the foreseeable future.
• Instability. Exchange offices and exchanges have their own wallets and it is very convenient - you do not need to make extra transfers. But do you know that storage on such purses can be very dangerous and there have already been cases of breaking these "warm" storages. Moreover, exchanges are often closed. On the Brave NewCoin portal, you can see 36 exchanges that suddenly ceased to exist. What do you think, where did the coins placed on user wallets go? At least, their owners will never see them again.
• It's a long time. Remember how the conversion of Fiat / Bitcoin took place at the end of 2017 - about 30 minutes! Agree, even the slow Webmoney does not always show such unsatisfactory results in international money transfers. What about the crypto currency, which was created, as a faster alternative to existing payment systems.

This decentralized solution

This is what CryptoRiya offers us. Instead of providing exchange of crypto-loans based on their own capabilities, they offer all the owners of crypto-currency to unite under one platform, where everyone can offer their currency as a commodity. 

That is, if you have a dollar, and want to buy bitkoyn, you can do it much cheaper than most exchangers, since the transaction will take place between two users, without intermediaries and additional commissions - at a market price. And even if you see that someone deliberately overstates prices, you can bring this issue to the discussion of the community. After all, the goal of a truly decentralized platform is to ensure fair trading conditions.

At the same time, it is not necessary to hope that for you there is a counterparty, which is needed for this transaction. CryptoRiya decided to create a specific buffer to support instant conversions, at the expense of its own capacities. That is, it is both an exchanger and a P2P exchange where you can conduct transactions with real people and with the stock exchange, if you do not find the necessary quantity of coins you need on the market.

However, for the user himself there will be no objective difference in the performed operations. On MVP, we see that the user only introduces how much of the crypto currency he wants to buy or sell, and the system itself makes the necessary decision.

This concludes the second part of the review, but the third is yet to come. There we will tell you how you can get cash for a crypto currency straight into your hands, as if visiting a bank. So, if you want to know how this is possible, then read us further !

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