This is Bob

Bob just discovered cryptocurrencies. He analyzed the cryptomarket and found out about a cryptocurrency which could soon rise in price. He decided to invest in it and hopefully receive a profit from it later. But there are some problems on the way:

Bob has heard some of the problems with centralized currency exchanges. There is a chance he could lose or even have money blocked.

Buying cryptocurrency could be a tricky process with many operations, transactions, transfers, exchanges. And there is always possibility that something will go wrong.

Many exchanges ask to share personal information like a scan of personal ID. However, Bob doesn’t want to risk his privacy on unfamiliar platforms.

Lastly but not least, the commission per transaction could be quite high.

Bob visited a cryptocurrency meetup and found that it’s possible to use a decentralized stock

exchange called SimpleDex.

Bob decided to test SimpleDex

How it works?

1

Searches for an existing offer

Bob found an offer posted by Alice

2

Accept offer

He inspected this offer. The offer is to buy 1 ETH for $450. He decided to buy 1 ETH.

3

Escrow

Alice sent 1 ETH via the escrow system which locks the money until the transaction has been confirmed

4

Money transfer

Bob saw that the money was deposited in escrow, then he sent $450 to Alice by card

5

Confirmation of the transaction

Alice confirmed that she received the money and 1 ETH is transferred to Bob

6

Success!

Bob is satisfied, he has bought ether

Comparison of the platforms:

Centralized exhcanges

More than 5%

Decentralized platform
SimpleDex

0,5%

Commission
Privacy
Maintain balance in exchange
Transparency
End-to-End Encryption
Decentralization
Escrow

SimpleDex is a simple tool for

investment without complicated and

extra steps

We are giving away free 500$ to those first 10 000 cryptofriends

who join us on beta-testing.

Sign up for more information!

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