PlatinumDEX

PlatinumDEX will bridge crypto and traditional banking by providing fiat bank account and payment cards to its clients. PlatinumDEX intends to operate as an E-money institute within the European Union which, following its successful application, will enable it to provide competitive banking and money transfer services for all its (EU resident) PlatinumDEX clients. PlatinumDEX business model is designed with full Disaster Recovery (DR) processes, utilising hot standby sites ready to kick in automatically. PlatinumDEX platform will be available via web and mobile app and will have an intuitive feel, designed for iPhone SE (4″ screen), iPhone 8 (4.7″ screen), Android phones, tablets and desktops.

Whitepaper

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What is PlatinumDEX

PlatinumDEX will bridge crypto and traditional banking by providing fiat bank account and payment cards to its clients. It intends to operate as an E-money institute within the European Union which, following its successful application, will enable it to provide competitive banking and money transfer services for all its (EU resident) PlatinumDEX clients. We encourage you to read the rest of this paper. It starts by pointing out the common problems of insecure platforms, of no transparency, of operating outside the legal and regulatory norms. It then contrasts these with how PlatinumDEX is designed, the people behind the service, the technology, processes, physical and logical constructs integrated to provide the service in a way which will withstand the various threats and do its job – solidly and consistently – to provide a trusted, secure platform for global currency exchange in the digital world.Starting with the problems:

• Lack of regulations, poor governance and ambivalence in relation to compliance
• Lack of liquidity because of the want of trust
• Poor security

PlatinumDEX in contrast: A. Understands that regulation is a necessity and a highly desirable protection for traders and has a highly experienced team to manage its exchange to the highest standards of governance, compliance and ethics B. Will improve liquidity in the market as it provides the standard for trust, integrity and C. Will be, above all else, secure: this is the ethos of PlatinumDEX and it has a highly experienced team to ensure the security of its clients’ wealth. PlatinumDEX will be the secure cryptocurrency exchange.The Challenges facing the crypto currency exchanges – and the PlatinumDEX solutions All the existing crypto exchanges have experienced fundamental problems, many of which could prove catastrophic. These problems can be summarised as

• Security
• Lack of readiness for forthcoming legislation
• Inadequate architecture
• Liquidity
• Poor customer service
• Inadequate localisation.

The PlatinumDEX ExchangePlatinumDEX will be hosted and maintained on our custom built servers across our distributed dark sites. The exchange engine will use cutting edge technology developed after extensive R&D. The result will be hyper-secure, high performance trading and matching. Our system is designed to auto scale so we are confident that we can handle exponential growth.Website and AppsOur platform will be available via web and mobile app and will have an intuitive feel, designed for iPhone SE (4" screen), iPhone 8 (4.7" screen), Android phones, tablets and desktops. The user interface will solve many of the inherent flaws of other popular exchange applications. We will be providing a historical database of all the currencies we list .Onboarding, AML, KYCThe customer onboarding system sends verification codes to users via email and SMS to ensure that only genuine users are permitted to sign up and use the service.