Counos Decentrailized Exchange
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There are many factors involved in the high level of security that we provide at Counos DEX. Among them are the three following:
Each time you want to login, in addition to user name and password, user will be required to enter the code sent to thier email or the code generated by Google Authenticator.
Through our Know-Your-Customer verification proccess, we make sure of the authenticity of our users' identities.
All the assets invlolved will be handled using Multisig wallet technology, which gaurantees that no one entity (either buyer, seller, hosting website) can gain access to the assets unilaterally.
Here at Counos DEX we want to make sure that all offers are 100% authentic, because we value the time of our clients.
The actual process of exchange takes place on the infrastructure of our Counos Escrow platform. Therefore, the only fee of the exhcange operation is eqaul to the fee of our Counos Escrow platform which is not that high.
The security and payment algorithms implemented in Counos Escrow are such that they gaurantee the buyers get exactly what they were promised and the sellers get exactly the amount of money they were promiesed. How? At Counos Escrow, we use the MultiSig wallet technology. So, when the buyer sends the cryptos, he waits for the seller to make his transaction. No coins are given to any side, until both sides have made their respective transactions. Until that time the coins are stored in a Multisig wallet. When the seller sends the cryptos as well, Counos Escrow allows parties to withdraw their coins by entering their respective private keys. Thus gauranteeing safe exchange between buyer and seller.