Cryptocurrency is a type of digital or virtual currency that relies on cryptography for security, functioning within decentralized networks built on blockchain technology. By now, you might have some awareness of its presence, especially considering that, according to Statista, the Thai cryptocurrency market revenue is expected to reach US$256.4 million in 2023. In this article, we will delve into centralized crypto trading platforms, exploring what they are and the roles they play in the cryptocurrency landscape.
Centralized vs. Decentralized,
Why Choose One Over The Another
A centralized crypto trading platform is a type of cryptocurrency trading service facilitated by a third-party intermediary, a specialized form of Digital Asset Management (DAM). On this platform, users establish accounts, deposit their funds, and engage in the trading of digital assets, such as cryptocurrencies. The process involves trading assets listed on the exchange’s order book.
Key Features
- Global Exchange Rates
Centralized crypto trading platforms provide global exchange rates based on current market conditions, making it more comfortable for beginners to enter crypto trading and aiding all traders in tracking rate changes more easily.
- Fiat Integration
Many centralized platforms allow users to trade cryptocurrencies against fiat currencies such as THB, USD, EUR, etc., depending on their operational base. This provides a fast lane for users to enter the cryptocurrency market.
- Intermediary Control
Centralized platforms are operated and managed by a central authority or a company. This entity serves as an intermediary that facilitates and oversees the trading process.
- User Accounts
Users are required to create accounts on the trading platform to trade. These accounts typically involve identity verification processes to comply with regulatory requirements.
- Order Book
Centralized platforms maintain an order book that displays buy and sell orders from each user. The order book is managed by the exchange, and users can place market or limit orders.
- Liquidity
Centralized platforms often provide higher liquidity compared to decentralized exchanges, as they attract a larger number of traders and facilitate a higher volume of transactions.
- Trading Pairs
Users can trade a variety of cryptocurrency pairs on centralized platforms, including major cryptocurrencies like Bitcoin, Ethereum, USD Tether, and other altcoins.
- Security Measures
Centralized platforms implement security measures to protect users’ funds and data. This may include encryption, two-factor authentication (2FA), and other security protocols tailored to each market.
- User Experience
Centralized crypto trading platforms typically offer user-friendly interfaces and tools for trading, making it easier for both beginners and experienced traders to navigate the platforms.
Take Bitazza as a premier centralized crypto trading platform in Thailand. Trading crypto has never been easier, simpler, or more secure. Top up your account 24/7 through various Thai banks and leverage the expertise of a dedicated support team. Bitazza operates fully under the strict supervision of the Securities and Exchange Commission (SEC).
Bitazza Services
Bitazza is an ASEAN-based centralized broker crypto trading platform certified by Thailand’s SEC that offers a comprehensive range of cryptocurrency services, including coin trading and financial solutions for individuals and businesses. Bitazza supports the Thai Baht (THB) as the fiat currency for all available trading pairs.
- Market
A secure and regulated marketplace that offers global prices, allowing users to buy, sell, or trade over 80 currencies. These include popular choices such as Bitcoin (BTC), Ethereum (ETH), USD Tether (USDT), and many more.
- BTZ Token
Bitazza’s native platform token designed for utility features. BTZ holders can enjoy a range of privileges within the Bitazza ecosystem, from fee discounts to exclusive rewards.
*The BTZ token is developed by Bitazza Group. As a result, there may be potential conflicts of interest. Bitazza Global is not a regulated entity by Thai SEC.
- Bitazza OTC
A personalized, fully licensed over-the-counter (OTC) broker service that provides transparent and secure buying and selling of digital assets for clients interested in making high-volume OTC trades at highly competitive prices.
- Freedom Card
The Visa card that allows users the freedom to top-up from their Bitazza account in Thai Baht or convert crypto to Thai Baht, to enjoy a world of rewards and privileges.
*Freedom Card is issued by T2P Co., Ltd.
- Freedom World
A business platform that helps businesses grow their customer base and increase sales. It comes with a variety of essential features that are easy to use, including point top-up, business NFT, e-commerce services, marketing tools, referral program and more.
*Bitazza Co., Ltd. is a blockchain technology provider for the Freedom World platform, provided by Freedomverse Co., Ltd., which is not a regulated entity by Thai SEC.
- Freedom NFT
Freedom NFTs are designed to be useful and practical. Each piece is unique and offers different benefits, rewards, or privileges that can be used through the Freedom Card.
Trade with Bitazza
Bitazza is proud to be a leading centralized crypto trading platform that opens up the cryptocurrency market to traders of all levels. We offer Thai baht fiat currency pairs for trading with leading cryptocurrencies at the same global rates. We are committed to security, speed, and compliance with the Securities and Exchange Commission (SEC) to ensure that you can trade crypto with confidence. Start trading today by downloading the iOS or Android app or trading on the website.
Bitazza complies with regulatory requirements and implements measures such as Know Your Customer (KYC) procedures for legal and regulatory adherence.
* Cryptocurrency and digital tokens are highly risky; investors may lose all investment money. Investors should study information carefully and make investments according to their own risk profile.