Proloxy Review

Now that the cryptocurrency industry is successful and has gained mainstream/worldwide adoption, every other person wants to try it. However, things were not always like this for the cryptocurrency industry when it first made it to the online platform.

Launched in 2009, with the introduction of the very first cryptocurrency ‘Bitcoin – BTC’, the cryptocurrency industry was and still is the youngest member in the online trading industry. Since its launch, the cryptocurrency industry faced a lot of resistance and took too much pressure from the entire internet community.

The very reason for the industry facing so much heat and resistance was its decentralized nature. However, the cryptocurrency industry as introduced as a financial alternative that allowed people to make transactions without having to share their personal information or having to incur high-fees or charges.
Challenges and Early Adoption Rate of Cryptocurrency Trading

Due to the platform’s very nature, it had to go through a lot of hardships and struggles before it managed to earn some trust and recognition in the online trading community. Before the investors could start adopting the industry, they needed assurance that their savings and investments would be in safe hands.

This was the point where the cryptocurrency exchanges made their way into the crypto-industry and offered users exactly what they wanted to have from the crypto-industry. The cryptocurrency exchanges were responsible for looking after the investments and assets of their investors and ensure that they never incurred any losses.

At this point, the cryptocurrency industry started gaining some recognition and adoption rate. However, the situation was still not looking very promising or bright for the cryptocurrency industry. Still, the cryptocurrency industry managed to make its way against all the odds and it currently resides where it is today.

Was Crypto-Trading Easy in the Initial Phases?

Yes, when it comes to manual cryptocurrency trading, then the crypto-trading platform was a lot easier than it is today. When the cryptocurrency industry came into being in 2009, the only cryptocurrency asset it had was Bitcoin (BTC). There were no cryptocurrency exchanges, very few cryptocurrency users who used to acquire Bitcoin (BTC) through mining and had no idea what do to with them acquired Bitcoin (BTC) afterwards. Lastly, there were cryptocurrency markets that had no flow as the industry had not even been adopted.

Then the cryptocurrency industry started making slow progress where it started observing user-following, adoption, and investments. From the year 2009 till the mid of the year 2011, there was only one cryptocurrency ‘Bitcoin – BTC’ that was present in the crypto-space before the number started rising from the mid of 2011.

At the start, the crypto-analysts and expert-traders had almost no work or information that they needed to collect. There was just one cryptocurrency, few cryptocurrency exchanges, and almost zero amount of trading markets to trade in. However, the cryptocurrency industry started making gradual success and adoption after the middle of 2011. That is when more cryptocurrencies started popping up in the online crypto-trading community. Still, the growth and development was not as much as it is today.

Even after the year 2011, the cryptocurrency industry did not gain that much popularity and recognition. As a result of this, the cryptocurrency exchanges had very less data to collect/extract from the cryptocurrency markets. If the data was less, then it was easier for the analysts to process it and acquire the necessary information from them in order to generate manual trading signals for their.

What was the First Challenge and Break-Through for the Crypto-Industry?

Although the cryptocurrency industry has moved with the pace of a snail in the starting phases of the cryptocurrency trading, yet it has picked up the pace since 2015. However, since the end of the year 2019 until now, the cryptocurrency industry has gained an enormous amount of adoption, investments, and even an overwhelming number of crypto-assets to choose from.

As per the reports shared by some of the most prominent crypto-trading firms, the user-base of the cryptocurrency was only 35 million back in 2018. There were around 600+ cryptocurrency-assets, and less crypto-trading markets-exchanges than they are today. This was the time when the online trading brokers realized that the dynamics of the cryptocurrency platform had started to change.

With the user-base growing, the cryptocurrency exchanges started facing problems and concerns from the investors. The investors expressed their displeasure and reservations around the way that the cryptocurrency exchanges had started handling their concerns. On the other hand, the cryptocurrency exchanges were facing the worst time in their operational tenures. As the industry was just a decade old, even the analysts and trading experts in the industry were not to be considered the gurus in their trade.

With more cryptocurrencies joining the ranks every other day and more users shifting to the cryptocurrency trading platform, the cryptocurrency markets had become populated. This meant that the amount of data that the analysts and trading experts were previously processing to run signals, had become more than 100 times greater to analyze.

Proloxy Introduced One of the Best Solutions

Although the invention of bots generating signals was adopted all across the cryptocurrency sector, yet it was not the permanent solution that the crypto-industry needed for investors. At present, the crypto-industry consists of more than 2,000 cryptocurrencies, 110 million crypto-users, and more than 600 cryptocurrency exchanges. With the crypto-industry growing this big, the bots generating trading signals could only keep the investors informed but the rest was still up to the investors.

This is when Proloxy managed to earn the spotlight by introducing bots that have the ability to perform crypto-trading all by themselves. These bots have been developed with the most advanced technology and complex algorithms. These bots have also been integrated with the functionality of generating trading signals and run rest scenarios on them to find the best trading market, asset, and time based before performing real-time trading.

One of the best thing about these bots is that they are a hundred on auto-pilot and do not require any kind of input from you to make any decisions except financially in the form of funds. However, even the funds that you have in your account are managed by finance advisor who is dedicated to run the finances on your behalf. So at Proloxy, all you need to worry about is managing the deposit and the rest is managed by the trading bots and the dedicated financial advisor.

At this point you must be thinking whether it is beneficial for letting bots doing the trades on your behalf or not. So allow me this opportunity to enlighten you as to what other benefits Proloxy’s trading bots are capable of offering you:

Deposits and Withdrawals on Proloxy

For Proloxy, the main goal is to provide you with as much convenience, safety, and protection as possible. Proloxy knows very well that any person would be skeptical and cautious when it comes to finances. This is the reason why Proloxy has kept things very simple and easy for the investors so they are fully confident and have a piece of mind while entrusting Proloxy with their money:

Deposits

When it comes to making deposits, Proloxy has kept things very simple for the investors. It does not required the investors to go through extensive procedures and processes before they can make the initial deposits. As far as depositing money is concerned, you have numerous options at your disposal that you can choose to make the deposits.

At present, Proloxy offers you with options such as Visa/MasterCard, Bank Wire Transfer, Maestro, and even the largest cryptocurrency in the entire cryptocurrency industry ‘Bitcoin’.

Withdrawals

As far as withdrawals are concerned, Proloxy has made things even easier for the users as it does not confuse you to choose from an entire list of withdrawal options. As soon as you initiate a withdrawal request, the request is sent over to the processing team, which then goes through all the necessary checks before releasing your payment. The money is then transferred directly in the bank account that you provide Proloxy.

Proloxy’s Security Measurements

When it comes to the security and safety of your assets, investments, personal information, and all other activities taking place at Proloxy, the exchange has ensured that it has the best security system in place. In order to keep things completely encrypted and safe, Proloxy has adopted the SSL security system that is on-par with any other industry level firm.

So whether it is a transaction or any other activity, it is encrypted by the SSL protocols and channeled peer-to-peer without having to worry about any third party interference.

Proloxy and KYC Regulations

Being a highly reputed cryptocurrency exchange in the industry, Proloxy ensures that it adheres to all the regulations that are implemented by the regulatory authorities of the countries where it provides its services and operates from.

This is the reason why Proloxy will always demand you to provide your Personal Identification Information (PII) before it can allow you to trade through its platform. The reason why Proloxy is so strict about adhering to the KYC regulation is to ensure that it does not end up providing a safe haven to people who have negative or criminal records intentionally or unintentionally.

Proloxy’s 24/7 Customer Support

Proloxy is fully aware that for any company or firm to provide the best service to their users, the Customer Support sector plays a key role. This is why Proloxy has made a lot of investment towards its customer satisfaction department. It has hired some of the most professional and highly skilled individuals who are always available to provide you with the best solutions possible.