How does Exolix ensure transaction security when exchanging Zcash (ZEC) for other cryptocurrencies?
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When initiating a transaction, Exolix locks the exchange rate to prevent fluctuations during the transaction process. This ensures that users receive the exact amount of cryptocurrency they were told to receive, with no hidden fees or unexpected changes.
No centralized custody of funds means that users’ assets are not exposed to risks associated with exchange breaches or internal mismanagement.
Exolix ensures the security of transactions when exchanging Zcash (ZEC) for other cryptocurrencies using a combination of advanced technology, robust security measures, and best practices. These factors contribute to a highly secure and reliable Zcash exchange process for users. Exolix operates as a non-custodial exchange, meaning it does not hold user funds at any stage of the transaction. This greatly reduces the risk of theft or loss due to platform-related vulnerabilities, such as hacking incidents. Users retain full control over their cryptocurrency wallets, making the process inherently more secure.