ParamountDax - Best Crypto Exchange

About ParamountDax

ParamountDax aims to provide a sophisticated trading platform that really caters to the needs of the crypto community by offering intuitive user interface, instant liquidity, multilingual and real-time customer support and by enabling seamless, secure and risk- free trading opportunity at minimal fee.
As one of the few crypto exchanges licensed before its launch date, ParamountDax serves the real needs of the crypto community. In this respect,we created a highly proficient, stable and secure decentralized hub for your crypto assets.

We’re committed to strengthening the reliability of your financial operations on ParamountDax and to ensuring fair listing and monetizing policies.
ParamountDax allows you to manage all your digital assets effortlessly in a trading exchange that offers you:

seamless, secure and risk-free trading opportunity at minimal fee
intuitive user interface
instant liquidity
multi-lingual and real-time customer support.

We’re envisioning ParamountDax as one of the fastest exchange, payment transfer and peer-to-peer transactional networks in the world — from the current 10,000 transactions/ second ParamountDax supports, we’re improving to 2,000,000 transactions/second by adding cloud hosting and load balancing of each blockchain node separately into the network.
Your ParamountDax wallet is made to support swift management of your crypto trades. For that, we created a platform that includes:

Over-the-counter (OTC) trading: the first OTC crypto trading desk in Europe, ParamountDax enables seamless operation of large crypto assets without the need for an escrow or a lawyer. Institutional trading made easy
Dedicated trade indicator that tracks and assists you with any profit or loss real-time data you need.
46% Daily Profit Share
Stop limit options and stop loss orders that empowers you to take more efficient decisions
Custom API allows the platform to benefit from continuous improvement from third-party developer contributions.
Customizable dashboard
Strong referral benefits

Features

ParamountDax is a Fully — Developed from the scratch, ready-to-use product implemented as a modern-age crypto trading exchange. It aims to revolutionize cryptocurrency trading by serving as an ideal platform for crypto-to-crypto and crypto-to-fiat trading while also solving the issues faced by today’s crypto industry. ParamountDax aims to provide a sophisticated trading platform that really caters to the needs of the crypto community by offering intuitive user interface, instant liquidity, multilingual and real-time customer support and by enabling seamless, secure and riskfree trading opportunity at minimal fee.

ParamountDax solutions to the problems

Security issues solved We follow a two-way approach to ensure the security of both users and the exchange.
The steps we have taken in this regard are:
ensuring user security
ensuring exchange security

User security

Some of the protocols for user security are:
1. Two-factor authentication
In order to log in to the ParamountDax website, a user won’t be allowed simply through a ‘login + password’ access type. ParamountDax will enforce a secure 2FA protection for the client. By default, weak 2FA like OTP/Google Authenticator / SMS won’t be authorized or will be only temporarily tolerated, since these methods are vulnerable to phishing attacks. This way, similar attacks to the one on Ether Delta will be avoided.
2. Password strength assessment
In order to ensure the password remains as strong and difficult to guess as possible, users are allowed to generate passwords that exceed the minimum of 8 characters. Moreover, passwords have to be a combination of case sensitive letters, numbers, and special symbols.
3. Account creation email
A user needs to verify their account via the email that he/she has signed up with. This ensures that in the future, a user will be able to recover their account if they have forgotten their login ID or password.
4. IP address verification through email
A user logging in to their account is allowed to access their account only when they are logging in from a verified IP address. For a new IP address, the user needs to confirm via a confirmation link emailed to their verified email (the one the user account has been created with).
5. IP address validation on withdrawal
For every new withdrawal, a user needs to validate their IP address through the registered email.
6. Email notifications
For every login, successful or not, a user is notified via email. Similarly, a withdrawal is also notified via registered email.

Exchange security

1. Secured protocol
ParamountDax has implemented security protocols such as: Secure Header on HTTP Request / Response such as: X-Frame-Options, X-XSSProtection, HTTP Only, Set Secure flag.
2. CSRF protection
Cross-Site Request Forgery (CSRF) protection for victims of fraud will be reported to the Administrator.
3. Avoid suspicious
Suspicious users will be prevented by the xss-clean method which also prevents the malicious file from uploading.
4. Authentication & detection
Authentication & Detection will be provided by ParamountDax to make the transaction fulfilled by the participators to the trade.
5. Prevent DDoS attacks
The DDoS attacks can be prevented using periodic penetration testing, Custom WAF rules, security notifications, etc.
6. Secure web services
ParamountDax will offer a highly available and customized DDoS shielded hosting solution with network and application-level firewalls. ParamountDax will use secure HTTP headers like HSTS to enforce TLS encryption, and keep the passwords salted and hashed.
7. Security audits
In order to ensure maximum security of the exchange, ParamountDax will conduct a periodic security audit so that vulnerabilities are avoided. For trader’s patience, we will sign a regular contract with some External Audit Agency. The name of Company Audit will be communicated soon through official ParamountDax social media channels.

Liquidity offered

In order to solve the liquidity issue and allow users to instantly trade their digital assets, ParamountDax will be adding its order book to a collective pool server — an order book shared among various crypto exchanges. This way, even if there isn’t enough liquidity on the exchange, it will get available through the collective pool. This enables users to quickly transact their trades.