A quarterly review has to start on a positive note: here, at Exolix, we had a very successful start to the year. The results for the first quarter of 2023 are a clear indication that we picked the right strategy.

In our quarterly report, we will bring you the most important information detailing the progress we made. We will talk about new coins, new partnerships, and brand-new ways we managed to generate value for our clients and grow our exchange to the next level. Without any further ado, let’s go to our Q1 report.

New Coins
---------

There were several new and promising coins added to Exolix, namely:

1.  $MDX. It’s a cryptocurrency issued by Mdex, a new decentralized trading protocol on the basis of automatic market-making for all transactions across chains.
    
2.  $BDX. Tokens developed to enhance your privacy online.
    

Other exciting cryptos that are now available to swap on our platform include the following:

*   $OP
    
*   $BEL
    
*   $XVG
    

With the additions mentioned above, we now offer over 159,000 exchange pairs for our users. Remember that our site gives you the most profitable market conditions possible to swap any cryptocurrency. If you want to learn more about the new coins or how our exchange works, head on over to the main page and examine the information presented there.

Exolix Giveaways
----------------

Our users got to enjoy various prizes. We are glad that our regular subscribers regularly take an active part in our activities. This allows us to interact more closely with our audience and better understand the interests of our users.If you have any ideas regarding contests, giveaways, limited-time promotional events, or other similar activities, feel free to get in touch with us.

The two events that generated the most interest and social media engagement were:

*   Interactive Quiz for Exolix user – 100 USDT;
    
*   Valentine’s Day Giveaway – $200 in ETN.
    

Exolix in the Media
-------------------

Out of all the materials published about our exchange in the past quarter, the ones that received the greatest attention, coverage, and praise were the following:

“[Exolix As a Crypto Exchange Service with Wide Opportunities](https://coinpedia.org/guest-post/exolix-as-a-crypto-exchange-service-with-wide-opportunities/).” This Coinpedia article was very straightforward and, therefore, great at conveying the various points to the reader. It is a great starting point for those who want to understand more about our features. It’s also a great article to share with someone who is unfamiliar with the advantages of this platform.

“[Exolix Exchange Deemed to Change the Crypto Exchange Space](https://www.thecoinrepublic.com/2022/12/09/exolix-exchange-deemed-to-change-the-crypto-exchange-space/).” The Coin Republic rarely makes mistakes with its assessments, and we hope this generous description will further raise our visibility and popularity. More positive press from noted publications is a great sign for us.

“[What Is the Meaning of Circulating Supply in Cryptocurrency](https://thebittimes.com/what-is-the-meaning-of-circulating-supply-in-cryptocurrency-tbt33580.html)?” This Evan Walker-penned write-up has educational value. It is also very well written and will encourage our visitors to learn more about how to convert their funds through our platform.

New Partnerships
----------------

To harken back to our [Year in Review article for 2022](https://exolix.com/blog/year-in-review-exolix), we really are on track to attract “a whole lot of new partners.” Here are the three most notable:

*   [Ambire Wallet](https://www.ambire.com/). A next-level smart wallet capable of changing the user experience by doing a number of things that will surely become industry standard. Ambire became the very first noncustodial smart cryptocurrency wallet with email authentication. We anticipate a great deal of potential growth with their services.
    
*   [Beldex](https://www.beldex.io/). Not only did we add its token, $BDX, but we also managed to forge a partnership with the leading player in the field of privacy-based ecosystems. The impact of this cooperation will be monumental, and we cannot wait to show you the insights.
    
*   [Omega Wallet](https://www.omega-wallet.app/). A secure blockchain wallet that supports: APTOS, SUI, EVM-based blockchains, DApp, DeFi, and acts as your portal to the Web3 world.  They will Keep You Safe. You have sole control of your private keys. The private keys are encrypted, stored securely on your device, and never left. Omega Wallet enables users to store, buy, send, convert, and swap crypto tokens & NFT on multiple blockchains. It supports not only the most popular EVM-based blockchains but also the latest blockchains such as Aptos and Sui.
    

Social Media News
-----------------

Although some recent developments surrounding this platform have been troubling, to say the least, we are still proud of the fact that we got our blue Twitter check mark. This will undeniably help our visibility and attract a wider following as people discover the benefits of our platform.

We will continue to develop a more sound and professional marketing strategy that will hopefully elevate our profile even higher on other social media platforms. Stay tuned for more details concerning our increasing social media presence.

Prospects for Q2 and Beyond
---------------------------

The first quarter of 2023 yielded interesting and positive outcomes for our cryptocurrency exchange. Our hard work continues to pay off, and we would like to thank our users, our partners, our helpers, our investors, and especially you, our readers.

Thanks to your pointed interest, we have a good sense of what to expect for the upcoming quarters. We know where to take this company and which features you’re the most interested in. Many improvements will be made as we will continue to grow bigger, do better, and offer you the best quality of service and the most advantageous exchange rates.

large_Q1-Exolix.png

medium_Q1-Exolix.png

small_Q1-Exolix.png

thumbnail_Q1-Exolix.png

Q1-Exolix.png

We will talk about new coins, new partnerships, and brand-new ways we managed to generate value for our clients and grow our exchange to the next level. Without any further ado, let’s go to our Q1 report.

Quarter in Review | Exolix

We will talk about new coins, new partnerships, and brand-new ways we managed to generate value for our clients and grow our exchange to the next level. Without any further ado, let’s go to our Q1 report.


A paper cryptocurrency wallet (Paper Wallet) is a sheet of paper printed on a printer that contains a Private Key to your address (wallet) in the Blockchain system. It can also contain a digital currency seed phrase. With the help of a paper version of a cryptocurrency wallet, you can store lots of various coins. This type of wallet is referred to as "cold storage" and is safe, provided the printed letter stays in a reliable place. We’ll tell you how to create a paper wallet for any cryptocurrency. Creating a paper cryptocurrency wallet is quite simple. You need to use special integrator sites to generate keys. A list of such services can be freely found on the Internet. Next, open the selected service and follow the instructions provided.

1.  Choose a wallet type. The first step is to decide what type of wallet you want to use. There are different types of wallets including desktop wallets, mobile wallets, online wallets, and hardware wallets. Each type has its pros and cons, so you should choose one that suits your needs.
2.  Explore Wallets Once you have decided on the type of wallet you want to use, you should explore the different wallets available in this category. Look for reviews and ratings from other users to get an idea of the wallet's reliability and security.
3.  Download the wallet Once you have chosen the wallet, download it from the official website or app store. Make sure you download an official wallet, as with a fake one you risk getting your funds stolen.
4.  Install the wallet Install the wallet on your device and follow the instructions to set it up. You may need to create a username and password and a recovery passphrase that can be used to recover your wallet if you lose your device or forget your password.
5.  Top up your wallet Once you've set up your wallet, you can top up your wallet by transferring cryptocurrency from another wallet or exchange like Exolix. Be sure to check the address you are sending funds, as sending them to the wrong address may result in the permanent loss of your funds.
6.  Use the wallet You can now use your wallet to send and receive cryptocurrency. Be sure to keep your password and recovery passphrase in a safe place, since misplacing them could result in the permanent loss of your funds.
7.  Protect your wallet Finally, you should take steps to protect your wallet, such as enabling two-factor authentication and keeping your device and password safe. Remember that cryptocurrency is a valuable asset and you should take all measures to protect it.

Instructions on how to create a paper wallet for every cryptocurrency
---------------------------------------------------------------------

To know how to create a paper wallet for cryptocurrency you need to stick to the instructions. A paper crypto wallet is a physical printout of your public and private keys that can be used to store and manage cryptocurrency. They are considered a reliable way to store large amounts of cryptocurrency, provided they are stored securely. How to create a secure cold paper wallet? For this, you need to use a paper wallet generator that you can find online. They will generate random public and private keys for you. The public key can then be used to receive cryptocurrency, and the private key can be used to access and manage funds. Once you've printed your paper cryptocurrency wallet, it's important to store it in a safe place, such as a safe deposit box, to protect it from physical damage or theft. The main advantage of paper wallets is that they are not connected to the Internet and therefore not vulnerable to hacking attacks or malware. However, they are also less convenient as you have to physically pull out your paper wallet every time you need to access your funds. Key advantages of paper crypto wallets:

*   protection from hackers thanks to the storage of information not being connected to the network;
*   no threat of data loss due to system errors;
*   physical possession of assets;
*   ease of use;
*   the possibility of carrying out standard transactions with cryptocurrency, swap or convert them.

It is important to note that paper wallets should be created and printed on a secure, offline computer and never stored on an internet-connected device to avoid any potential security breaches.

How to set up a crypto wallet
-----------------------------

To set up a crypto wallet, you will need to enter your personal information and set a security password. Similar to bank security, setting up a cryptocurrency wallet usually requires a two-step verification process. Non-storage crypto wallets usually require some kind of app. You don't need to store any personal information or even send an email, but it's important to write down your private key in a safe place. If you lose or forget this key, you will not be able to access your cryptocurrencies.

What cryptocurrencies can I store in my crypto wallet?
------------------------------------------------------

It depends on the type of crypto wallet you have. Some can only store a single selected currency, while others can handle multiple currencies. Having a crypto wallet that allows you to handle different cryptocurrencies is arguable better than using different wallets for each currency. Crypto wallets are an integral part of using Bitcoin and other cryptocurrencies. They are one of the main infrastructure elements that allow sending and receiving of funds through blockchain networks, so it's important to understand how to create a paper wallet and how it works before transferring funds.

large_Optimized-Frame 48095822.png

medium_Optimized-Frame 48095822.png

small_Optimized-Frame 48095822.png

thumbnail_Optimized-Frame 48095822.png

Optimized-Frame 48095822.png

How to create a paper wallet? It is important to select its type and explore different existing wallets. The following installation and setting up are quite easy and do not take much time

How to create a paper wallet for every cryptocurrency?

It is important to select its type and explore different existing wallets. The following installation and setting up are quite easy and do not take much time

How to create a paper wallet

Computer safety is a sophisticated system of different mechanisms. One of them that provides integrity and security of information is known as hashing. Sometimes people mistake it for encryption. However, they are not identical. Due to the mathematical algorithm, usual text is transformed to a unique string or becomes ciphered. For instance, instead of your surname, you can get a string that will be unique. At the same time, your name will remain hidden. Let us find out the hashing definition in cryptography and more interesting detail about this algorithm.

What is hashing in cryptography?
--------------------------------

How to define hashing in cryptography? This technique was developed for the preparation of a cipher based on any text information. Thus, when you provide some input, you get the corresponding output. The tiniest change in the input immediately changes the result. Therefore, hashing algorithm in cryptography converts a usual text into its secure version. This process is done swiftly and efficiently. However, there is no chance to reverse it. Here lies the main difference of this technique and encryption. The latter is reversible, so you can encrypt something and then decrypt it back via a special key. As for hashing, there is no such chance. When this algorithm works, it takes the password and creates some cipher from random letters and numbers. When the user inputs this password for authentication, the system matches it to the hash. If the input corresponds to the output, everything is good, and the user can log in. Let us consider an example with a bank:

*   Imagine that you have created a new password.
*   It will not be saved by the bank. Instead, it will be put into an algorithm with the formation of a unique result that will be saved.
*   After an attempt to log in, the system will compare the data.
*   The authorization occurs only in case of full matching.

Therefore, due to this technique, people can authorize data without being aware of their content. That is why this algorithm is extremely popular for storing passwords. This approach contributes to security and users can truly rely on the web resources that utilize it. It is especially valuable for different financial and banking institutions. In addition, a cryptocurrency exchange, that as Exolix uses this approach, secures the transactions and personal data of clients. Moreover, this technique serves as a solid barrier for attackers. If they try to access the database with passwords and succeed in it, they will see only the hashes. Still, it is completely impossible to reverse them back to the passwords of users. Altogether, this technique was developed and introduced to achieve the following aims:

*   Verification of data;
*   Proper authentication of users;
*   Secure storage of sensitive data.

Features of the tool
--------------------

According to the hashing in cryptography definition, this technique transforms information of any given size into an output with a fixed size. The latter is a cipher that is also known as a hash value. The main purpose of this process is to verify information. As we have already mentioned this tool is especially valuable for passwords. Any safe database utilizes it to guarantee the security of this information. Thus, every time the user logs in, the combination is hashed and compared with the saved version. Only if everything matches, the procedure will be completed. Therefore, the main purpose is this specific comparison. This algorithm has the following properties:

*   Determinism. The output always corresponds the given input;
*   Irreversibility. One cannot get back an original password from its hash;
*   Resistance to repetition. Two different inputs cannot give the same output;
*   Non-predictability. The generation process is fully random and no one is able to predict its results;
*   Contraction. The output is always smaller than the input you choose.


As for the useful features, the main list includes:

*   Security. This function has only one way and cannot be reversed by any means;
*   Uniqueness. There is no way to get the same result from two different inputs;
*   Convenient size. The created hash value will have the size that is characteristic of it not for the given data.

Types of hashing in cryptography and their utilization
------------------------------------------------------

Hashing algorithms differ in their output. For example, message digest 5 creates a 128-bit string value, for secure hashing algorithm 1 it is 160-bit, and SHA256 has a 256-bit value. As for the main areas of hash utilization, they include the following categories.

### Storage of passwords

If the passwords are stored as text, any attacker can find them and use them. However, hash utilization hides this information. Even when an intruder enters the database, he observes only hash values that are of no use.

### Authorization

This tool serves as a basis for an authorization procedure. Every time you type in the password to log in, the system makes a comparison with a hash value. If it corresponds, the procedure is successfully completed.

### Working with information

It assures us of the originality and correctness of data. When it works properly, it provides a high level of security for all users. Altogether, as a security measure hashing is very useful and popular. It is used when you swap or convert crypto, log in to your account, and all the reliable web resources provide this function to save sensitive data of their clients. It contributes to the safety as a whole and gives confidence in the security of your actions.

large_Optimized-Blog (3) (1).png

medium_Optimized-Blog (3) (1).png

small_Optimized-Blog (3) (1).png

thumbnail_Optimized-Blog (3) (1).png

Optimized-Blog (3) (1).png

Understanding Hashing in Cryptography is important as this technique serves as a solid barrier for attackers. It enables to store the passwords in a completely secure form of hash values

Understanding Hashing in Cryptography: Definition and Features

Understanding Hashing in Cryptography

It is widely known that cryptocurrency price is highly volatile and hardly predictable. However, there are different mechanisms and analysis techniques that are utilized for this purpose. In addition, such a concept as stablecoins has been developed to overcome this problem. Its main idea was to create a digital coin that corresponds to the real one, and has strong support and is almost steadfast in price. Since its introduction in 2018, everything went well until March 2023 when certain banks’ closures called for a huge deviation in the exchange. The situation was taken under control in a few days. However, now many investors worry about USDC price prediction and we are going to discover more about this situation to unveil the future.

Is USDC coin a good investment?
-------------------------------

First and foremost, let’s find out more about this concept and its unique features. The basics are as follows:

*   USDC is a centralized coin and is characterized by the greatest capitalization among similar options;
*   the market value of this asset rise more than 10 times during 2021;
*   its price is usually near $1 and has shown a low deviation (less than 1%) until recently.

The thing is that it was supported by securities and cash of the US-regulated financial organizations. Such a trustworthy backup made transactions with this coin highly appreciated and the number of people who wish to convert or swap it on an exchange like Exolix has been steadily growing. USDC appeared to be a great tool for the following situations:

*   To reduce the risks associated with crypto and its unstable pricing. On-chain transactions with their help as well as funds storage became both quite popular;
*   To enrich the portfolio of the trader or the investor who follows the diversification rule;
*   To utilize a financial instrument that is both decentralized and safe.


The amazing popularity of this project is based on the trust of its issuers. The consortium that developed this coin is a huge properly regulated financial institution that works in compliance with high standards and laws. In addition, there is a transparent reporting system that makes the project reliable. The funds for USDC securing are placed in well-known US banks. Moreover, an independent audit is organized regularly to check the value of this asset as well as its backup. That is why, before March 2023, there were not many people who cared about the USDC crypto price prediction. It remains stable since its launch with only tiny deviations compared to other crypto projects. However, the reality proved the real digital nature of this asset.

USD coin (USDC) price prediction
--------------------------------

So, why is everyone so worried and looking for the USDC price prediction 2025? The disturbing situation happened during the second weekend of March 2023 when this stablecoin got a significant deviation for the first time since its appearance. The reason for this was the collapse of the Silicon Valley Bank in the USA. What is the linkage here and what actually happened? The story was as follows:

*   Silicon Valley Bank (SVB) had thirty years of history and experience and belonged to the largest bank in the US;
*   the backdrop of Signature and Silvergate – crypto-friendly banks – accompanied its collapse;
*   as the reserves for USDC were linked to these players, this dramatic situation led to unprecedented liquidity in the USDC markets.

Some users tried to redeem the coin, while others drove it down and its stability was ruined. At the lowest level, it was trading for $0.88 that was a real shock for everyone. However, the situation went back quickly and, for now, this stablecoin again corresponds to its name. What about the USDC coin price prediction 2030? The experts and developers of this project claim that it will continue to hold its borders. Of course, losing three banking options at a time is drastic and it was a shock for all the market participants. As we have not experienced any such problems since 2008, it is hard to feel safe again just in a few days. Still, under these circumstances, all creditors are ensured to be paid back, and all deposits will be also returned. In addition, it is worth remembering that the crypto economy is reliant on various factors and players. Therefore, we should analyze the market and be ready for any events so we can feel safe and enjoy all the preferences of the decentralized currencies.

large_USDC-prediction.png

medium_USDC-prediction.png

small_USDC-prediction.png

thumbnail_USDC-prediction.png

USDC-prediction.png

USDC Price Prediction 2024, 2025, 2030 foretells that this stable coin will retain its price and steadily grow in it up to 2030. Its concept is not related to abrupt changes and volatility

USDC Price Prediction 2024, 2025, 2030: the future of the asset

How much will USDC be worth in 2030? And How high can USD Coin go?

USDC Price Prediction 2024, 2025, 2030

With the emergence of cryptocurrencies, money investment, sending, and storage has been changed forever. From [Bitcoin](https://exolix.com/currencies/btc){:target="_blank" rel="dofollow"}, [Ethereum](https://exolix.com/currencies/eth){:target="_blank" rel="dofollow"} to DeFi tokens, it is the decentralization and freedom offered by digital assets that cannot be surpassed. Freedom comes with danger, however - most precipitously in a market where anonymity can be wielded by nefarious players. In an attempt to close the loophole between regulatory need and the decentralized nature of crypto, many platforms have adopted KYC policies.

What does KYC mean in crypto then? KYC stands for Know Your Customer - a technique used by financial institutions and businesses to verify the identity of customers. In traditional finance, KYC has been mandatory for decades. In cryptocurrency, KYC crypto protocols are currently used more widely, especially on centralized exchanges, to stop fraud, money laundering, terror financing, and other criminal activities.

While the core ethos of cryptocurrency is built on decentralization and privacy, even the most passionate crypto advocates recognize the need for basic safeguards. In this guide, we'll explore what meaning of KYC in crypto, how it works, and why it's not just a regulatory formality but a vital step toward a safer, more reputable digital asset economy.

How Does KYC Work With Crypto?
------------------------------

The KYC in cryptocurrency is usually no different from the conventional bank institution, but the hardware involved may vary depending on whether the exchange is centralized or decentralized.

This is how crypto verification through crypto KYC works in most of the centralized exchanges:

### Account Creation and Initial Details

When you sign up on a crypto platform - as an exchange, a wallet provider, or a crypto bank - you will be requested to enter your initial personal information. That is typically:

-   Full name

-   Date of birth

-   Country and residential address

-   Email address and phone number

This is where the user profile is created and the platform configured to meet KYC cryptocurrency onboarding.

### Identity Document Submission

To complete the process, one or more government-verified identification documents are needed to be uploaded, such as:

-   Passport

-   Driver's license

-   National ID card

-   Utility bill (address proof)

Advanced websites can also ask for a selfie of the document or perform biometric authentication in order to prevent identity theft or impersonation.

### Automated and Manual Verification

It utilizes AI and OCR-based KYC crypto software to accelerate the identity verification process. The program verifies whether documents shown are genuine and whether information matches government or credit bureau records. If discrepancies or fraud alerts are detected, the platform can pass the review to a human compliance officer.

### Risk Profiling and Access

After identity confirmation, users are risk-scored based on parameters of location, trading activity, and funds source. Access levels are enforced by some of the exchanges - i.e., high-risk users can be subjected to trading restrictions, withdrawal hold for a brief period, or additional verification.

Exchanges may also filter users against sanction lists (e.g., OFAC, UN, EU) and PEP (Politically Exposed Persons) lists through geo-location.

This entire process enables exchanges to stay in regulation and still have a safe, fair environment for users.

Why Do Crypto Companies Need KYC Compliance?
--------------------------------------------

As the crypto market evolves, regulatory bodies across the globe are tightening the reins. Whereas initial crypto platforms had been functioning in regulatory limbo, exchanges now are meant to have robust KYC and AML (Anti-Money Laundering) procedures in place in an effort to remain compliant.

Why is KYC verification crypto is now inevitable:

### Licensing and Regulatory Requirements

Most nations currently insist that crypto companies register with financial regulators and follow crypto KYC procedures to obtain licenses. Exchanges risk being shut down or fined without KYC, as has happened with some of the more high-profile enforcement actions against Binance, BitMEX, and others.

KYC for crypto compliance is particularly important for:

-   Trading in the US, UK, EU, Japan, and Singapore jurisdictions

-   Listing a platform token

-   Off or on-ramping fiat

### Banking and Financial Partnership Access

KYC-lacking crypto companies tend to have issues with banks, payment processors, or high-quality fiat service providers. Companies that are KYC-compliant benefit from having a fine relationship with traditional finance, hence deposits, withdrawals, and cross-platform transactions are a breeze.

### Mitigating Financial Crime Risks

Cryptocurrencies are anonymous, hence they can be used by criminal elements for money laundering, ransomware attacks, or terror financing. With an effective crypto KYC process, platforms can:

-   Flag suspicious transactions in advance

-   Freeze suspect accounts

-   Work with law enforcement authorities as needed

Not only does this protect customers, but it also protects the integrity of the platform.

### Build Brand Trust

Customers will be comfortable depositing and trading more money on a KYC-friendly exchange. KYC signals professionalism, regulatory balance, and long-term stability - the same concerns that serious investors, businesses, and institutional traders care about.  It's not merely adhering to regulators to implement Know Your Customer cryptocurrency - it's an investment in growth, security, and sustainability.

What Is Cryptocurrency Transaction Monitoring?
----------------------------------------------

Cryptocurrency transaction monitoring is the ongoing process of monitoring and analyzing transactions on a blockchain for identifying suspicious, fraudulent, or non-compliant behavior. While crypto KYC verifies identity at onboarding or at the start of the customer relationship, transaction monitoring maintains the user activity within the bounds of law and ethics in the long term. It is a crucial element of AML (Anti-Money Laundering) compliance and typically carried out with automated blockchain analytics software.

### Key Crypto Transaction Monitoring Functions:

-   Behavioral Monitoring: Monitoring behavior such as unusually large sized transactions, high frequency trading, or unusual geography login patterns.

-   Risk Scoring: Risk scoring transactions on receiving wallets, transaction size, or coin types.

-   Red Flagging: Red flagging interaction with blacklisted addresses (e.g., wallets with known darknet history or ransomware).

-   Reporting Requirements: Automated submission of Suspicious Activity Reports (SARs) to compliance officers or regulators.

-   Wallet Clustering and Attribution: Using tools for attributing wallets to identified actors (e.g., exchanges or mixers), to aid in determining ownership or behavioral irregularity.

### Tools Used to Monitor Crypto Transactions:

-   Chainalysis

-   Elliptic

-   TRM Labs

-   CipherTrace

-   Crystal Blockchain

These solutions allow exchanges to be FATF advice and best practice evolving global compliant.

### Why Monitoring Matters

Even after KYC onboarding, customers can attempt to circumvent rules by:

-   Using privacy coins (e.g., [Monero](https://exolix.com/currencies/xmr){:target="_blank" rel="dofollow"})

-   Breaking down transactions into a wallet group

-   Shifting money to blacklisted regions

Dynamic observation guarantees an immediate responsibility, to discourage criminal usage, and to drive other users away from secondary risk exposure.

Crypto KYC Tools and Features
-----------------------------

To successfully implement a compliant, secure, and user-friendly KYC on the crypto space, exchanges use a combination of rules, manual processes, and innovative solutions. The facilitative ecosystem of crypto KYC was developed at a high speed, with scalable solutions to allow platforms to automate ID verification and detect suspicious activity in real time.

### 1\. Identity Verification Platforms

Most centralized exchanges employ third-party verification software that is skilled at KYC verification crypto processes. These exchanges can verify documents and user identity in seconds using AI and OCR technology.

Some of the popular solutions are:

-   Jumio

-   Onfido

-   Trulioo

-   Sumsub

-   Shufti Pro

These solutions allow exchanges to verify:

-   Government IDs

-   Biometric data (face match/selfie)

-   Address verification (utility bills or bank statements)

-   Sanctions and PEP checks

### 2\. Blockchain Analytics Software

Once identity has been established, user activity needs to be constantly monitored for suspicious behavior. Chainalysis, Elliptic, TRM Labs, and CipherTrace monitor wallet activity, calculate wallet clustering, and detect exposure to high-risk wallets.

These technologies enable exchanges by:

-   Monitoring real-time transaction flows

-   Monitoring stolen funds

-   Preventing interaction with mixers, darknet wallets, or sanctioned areas

### 3\. Smart Risk Scoring Engines

Some crypto KYC providers label users with dynamic "risk scores" based on where they are from, how they're trading, their past, and their counterparties. Users from riskier geographies or whiplash activity can be auto-flagged for human examination or additional screening.

### 4\. APIs and SDKs

The majority of KYC providers provide APIs and SDKs that can be integrated into registration and onboarding workflows in high-growth exchanges and startups. This provides smooth UX without undermining compliance.

### 5\. Decentralized KYC Solutions

New blockchain-based identity providers such as Civic or SelfKey are attempting to provide reusable, privacy-first KYC frameworks where one verifies once and then has the option to decide with whom their data is shared.

What Are the Advantages of Crypto KYC?
--------------------------------------

Despite privacy issues, crypto KYC has clear benefits for users, exchanges, and the broader blockchain economy. Some of the benefits on which platforms are leaning towards such protocols are as follows:

### 1\. Better Security for Users

Once users' identity verification is done, the platforms can:

-   Restrict unauthorized access and account hijacking

-   Freeze suspicious accounts

-   Block user funds from scams

This makes trading experience more secure for everyone.

### 2\. Anti-Money Laundering

Crypto KYC directly reduces:

-   Money laundering

-   Financing of terrorism

-   Illegal fundraising (scams and rug pulls, etc.)

Exchanges reduce the risk of them being utilized for illegal transaction facilitation if they know the people on their site.

### 3\. Global Compliance with Rules

Regulatory agencies (FATF, FinCEN, EU, FCA) now require exchanges to verify users. Compliant exchanges with KYC are proactive and do not get banned, fined, or have their license revoked.

### 4\. Institutional Development and Confidence

Institutional investors and corporate customers require absolute compliance and transparency. Established crypto KYC applicability and AML processes will tend to:

-   Attract institutional capital

-   Maintain healthy bank relations

-   Get fiat on/off-ramp integration approved

### 5\. Reputational Management

A secure, trustworthy, and transparent platform will draw in more volume naturally. KYC on crypto exchanges helps to create lasting reputation and regulatory and user trustworthiness.

Why KYC Still Matters
---------------------

While cryptocurrency began with ideals of decentralization and anonymity, when it comes to real-world application of such technology there must be balance. There are billions of dollars exchanged on centralized exchanges daily, and regulators seeking to secure tighter control around the globe, KYC in crypto is no longer an afterthought. It's now a necessity.

Even if you are a platform seeking legitimacy, a trader seeking security from scams, or a developer creating the future of finance, an understanding of what KYC in crypto is all about is crucial for the safety of your funds.

From regulated crypto wallets to completely regulated trading platforms, identity verification is the compliance-accessibility bridge. But the industry continues to innovate. Zero-knowledge proofs, DIDs, and privacy-protecting KYC solutions can yield soon a new standard - one where users are no longer forced to sacrifice privacy but security too. Until then, responsible engagement means that one embraces crypto KYC, not only as a means to comply with the law, but as a source of trust and happiness in the crypto universe.

large_blogанонс - 2025-05-28T224136.032.png

medium_blogанонс - 2025-05-28T224136.032.png

small_blogанонс - 2025-05-28T224136.032.png

thumbnail_blogанонс - 2025-05-28T224136.032.png

What Is KYC in Crypto.png

What Is KYC in Crypto and Why Does It Matter For Crypto exchanges? How Does KYC Work With Crypto? Let's find out

What Is KYC in Crypto? 

n this guide, we'll explore what meaning of KYC in crypto, how it works, and why it's not just a regulatory formality but a vital step toward a safer, more reputable digital asset economy.

What Is KYC and Why Does It Matter For Crypto exchanges?

Trading is based on numerous indicators and different types of market analysis. It may be challenging to follow them, especially for beginners. However, one cannot rely only on his own feelings and thoughts in this area. You definitely need some set of instruments that will help you to navigate and make decisions. It is recommended to get acquainted with the market and its instruments step by step and then build up your strategy on this knowledge. For instance, here we are going to discuss Gaussian Channel Indicator, its’ meaning and utilization.

What Is the Gaussian Channel Indicator?
---------------------------------------

A talented mathematician Carl Gauss developed one of the most popular statistical tools that we know as the normal distribution. Nowadays it is often referred to as a bell curve that has mean and variance parameters and is used in the financial and cryptocurrency market. As a technical indicator, it minimized the lag and helps to make a correct prediction of future trends. 

That is exactly the thing that one needs for successful transactions. From a mathematical point of view, this concept is based on the following: 
• The mean value is put in the center of the curve; • The standard deviations determine dispersion around it; 
• Under normal conditions, 68% of information is between -1 and +1 standard deviations, 95% fall is within two, and 99.7% is within three standard deviations. In special software, this indicator has three bands: center, high and low. When the price appears in the channel from the top or the bottom, it means that it can change abruptly. If it happens you will also observe the change in colors on the curve. Therefore, while following the changes in this indicator, you can better understand what the current trends are and build up your strategy correspondingly. The conclusions that you make will help you to choose the time to visit an Exolix exchange and convert your coins profitably.

How to Use the Gaussian Channel Indicator
-----------------------------------------

What are the ways of the utilization of this indicator? Imagine that one is bullish on Bitcoin. Then, it is recommended to wait for the moment when the price appears on this channel. It indicates a probable reversal of the trend. When the price goes to the upper band, a bullish trend starts. In addition, you can follow the change of color for this indicator (it can be green or red). It is a bit easy and the probability of false alerts is eliminated. However, it is related to some delay in the time when you enter the market. One point that is also important is to choose an entry point according to the risk level that is suitable for you. Some users initiate trades in the middle band, while others follow additional indicators and try to get the clearest possible picture before they swap something.

Advantages and disadvantages of Gaussian channel trading
--------------------------------------------------------

Price movements and volatility accompany the life of every trader. One cannot avoid them and has to select the strategy and indicators to cope with the high level of uncertainty. 

For this, the proper scope of indicators that are used correctly is the best thing. As for the normal distribution, its benefits are as follows: 

• It is based on a mathematical concept that was thoroughly studied and described in detail; • This tool has proved its ability to indicate future trends; 
• It is easy to understand and use it. Whenever you observe the green color, it is time to buy, and vice versa. However, there are certain drawbacks that one should pay attention to, namely: 
• It is a reliable tool for long-term strategies. In the brief period, the price can go over the channel, so an entry will be delayed; 
• Sometimes you will need to utilize additional indicators to confirm the trend that you observe here; 
• Not every trading software provides a chance to use this tool. Sometimes it must be downloaded from other resources that make the whole process a little bit more difficult. Furthermore, it is advisable to check the following parameters for any indicator that you are going to use: 
• First of all, such a tool must offer more correct than incorrect signals. If your predictions are right, you will profit, and you can achieve this with reliable indicators. Therefore, look for the opinions and advice of other traders; 
• Do not forget to check the profit-to-loss ratio. The higher it is, the better your results will be. Thus, a proper indicator is related to many right signals that prevail over the incorrect ones and is at least two times more profitable than losing. If we consider the Gaussian channel indicator in these terms, we will observe quite high reliability. For instance, it was successfully used for the prediction of Bitcoin’s price in 2020 when the volatility was extremely high. It provided clear trends that appeared to be true and may users profit from it. Altogether, this tool belongs to the group of basic indicators. It is backed by science and has proven its reliability during different periods on the market. Do not hesitate to add it to your instruments and profit from it. Just take your time and follow it for some period to keep up with all the nuances and features. Keep in mind that correct signals help to build up your strategy and support you on the way toward success and profits.

large_Optimized-Blog.png

medium_Optimized-Blog.png

small_Optimized-Blog.png

thumbnail_Optimized-Blog.png

Optimized-Blog.png

Gaussian Channel Indicator: Detailed overview for crypto investors. Learn how to understand the changes in this indicator and profit from its’ accurate predictions of the market trends

Gaussian Channel Indicator: Detailed overview for crypto investors

The Exolix cryptocurrency blog is dedicated to providing useful trading tips, guides. More guides, trading tips and latest crypto news.

Exolix Blog

Quarter in Review | Exolix

How to create a paper wallet

Understanding Hashing in Cryptography

USDC Price Prediction 2024, 2025, 2030

What Is KYC and Why Does It Matter For Crypto exchanges...

Gaussian Channel Indicator: Detailed overview for crypt...

Popular tags

Follow us