Cryptocurrency is gaining more recognition worldwide; as a digital currency, its designation is to work as a medium of exchange, this is through a computer network, it is also independent, and does not rely on any central authority, these include banks or the government.
Lakoten exchange is an IEO platform for cryptocurrency exchange with about 13+ million users around the world.
Through Lakoten, commerce and banking are brought to blockchain technology and automated transaction processing, saving a huge amount of working hours for subscribers. A year after its launch, the LAKOTEN exchange got a subscription of about 1.2 million on social media and about 850,000 downloads on google play.
Lakoten exchange also helps business owners and enterprises in search of funding through its LAKOTEN IEO Launchpad. This has more than 300 digital assets and 500 crypto pairs which are available to traders with abilities to connect through RESTful APIs or WebSocket.
Recently, LAKOTEN launched a P2P service for its users, this is to ensure that traders have an improved experience.
Is Lakoten Exchange safe?
This question is essential, and you will find out all you need to know in this article.
The introduction of Bitcoin to the digital market has been more than 12 years now, it grew over the years, and is considered one of the most famous and most stable cryptocurrencies around the world.
The progress of Bitcoin in the digital money market advanced every day. This also required more responsibility and even security because of its larger value; the task was applied to both users and exchangers.
The significance of the monetary value of Bitcoin also attracted cybercriminals, they were also lured by its daily exchange which was becoming more, and hacking a crypto exchange will be overly profitable. People can go to any extent to be a millionaire, even if it means stealing all of the cryptocurrency when an opportunity presents itself.
Remember, cybercriminals sprung up as an aftermath of the creation of the interest; since the crypto industry is digital, it has been of great interest to crypto scammers, adding to the wealth they can amass.
Is Lakoten Exchange legal and reputable?
A license gives an enterprise, person, or body permission to operate, this is after they are certified as trustworthy and credible, which always comes after strict probing. This also means that for LAKOTEN to be safe, the marketplace must receive a license from a financial regulator, and its operation will be under local legislation.
The management of any crypto exchange must have a reputation with the community, this implies that they are known and open to communication with the community.
Reputation also implies that a crypto exchange firm like LAKOTEN must be rid of any history of Crypto scams, data leaks, and other unpleasant or provoking incidents. The internet is open-source, and all information containing such events is easy to find.
Working conditions
When subscribing to a crypto exchange, it is essential to note the conditions set for registration, transaction methods of deposit and withdrawal of funds, and the reliability and popularity of the brand based on the list of payment partners.
A security solution is a sign of a thriving cryptocurrency exchange, otherwise, the risk might exceed potential income. An entire business can be lost if any porosity allows an accurate hacker to attack the fund of a cryptocurrency exchange.
Your cryptocurrency is so valuable, that hackers and crypto scammers keep developing new tools and methods to access the crypto exchange server and user application. Therefore, it is important to choose a crypto exchange that you can trust.
What to know about the LAKOTEN exchange
- It’s 2nd worldwide in startup tokens primary market with 220+ IEOs since 2017
- Has over 1 million Android application installations and over 2 million registered users
- It is among the top 10 of CoinGecko ranking by the number of token pairs and coins listed
- Panel Livestream VCTV produces over 500 crypto-market shows featuring discussions, news updates, and interviews
- Former PayPal and JP Morgan CFOs sit on LAKOTEN’s board
