Leading Bitcoin and cryptocurrency exchange PayBito launches in India making foray into the newly liberated digital assets market post-ban-lift on cryptocurrency trading.
The USA based exchange and crypto trading platform, is commencing its activities in India with 70% market strength allowing traders to buy, sell, deposit, and withdraw crypto with the native fiat currency Indian Rupees (INR).
“It is an exciting time for the Indian cryptocurrency industry, as it accelerates to make its mark in the global digital assets market. The enthusiasm showed by the traders and their rapid adoption of crypto prove that the country is ready for its crypto-boom moment. We felt this was the best time to open PayBito for the local users giving them options to diversify their trading experience and crypto portfolio,” commented Raj Chowdhury, Managing Director, PayBito.
Even amid the global COVID-19 pandemic and nationwide lockdown, the Indian crypto sector has shown significant growth post-ban lift. The industry continues to display trading volume surges across exchanges along with a rapid increase in the number of users.
PayBito’s advent into India’s booming digital assets market comes at a great time, when traders are eager to explore their options in exchanges and crypto coins, to expand their trading portfolio.
What PayBito has to Offer
Since its inception, PayBito has shown steady growth and surges in trading volume, quickly becoming one of the leading cryptocurrency exchanges in the USA, and earning a global repute. It has the world’s top cryptos listed under it, giving traders ample options in digital currencies. The easy fiat to crypto on-off ramp transition happens to be one of the stand-out features of this trading platform.
PayBito is a multi-fiat currency and multi-signature enabled exchange that leverages enhanced security protocols to prevent any kind of cyber breaches. Boasting of an advanced exchange architecture, the PayBito is available in android, iOS, and web versions with a simple layout and user-friendly controls that promise a seamless trading experience.
Being Segwit enabled and having liquidity integration with major exchanges, PayBito comes with a plethora of advanced features such as a 2-factor authentication process with BIP-32, GA, and Firebase along with block confirmation tracking and pending transaction management. The users are offered an open order book where one can trade as per respective requirements.
Advanced Security Offered by PayBito:
PayBito stands out from the rest of the exchanges through its cutting-edge features such as DDoS mitigation, monitoring, and logging, firewall protection, data encryption along with identity and access controls. The security protocols include:
1. Preventions cybersecurity infrastructure comprising of VPN, network access control, Unified Threat Management.
2. Detection cybersecurity infrastructure comprising of intrusion management systems, email security, network package brokerage, and secure web gateways.
3. Remedial cybersecurity infrastructure consisting of advanced malware protection, malware sandboxing, and network behavior analytics.
PayBito comes with a 4 layered architecture of web, application, blockchain, and primary database, which is much advanced than the conventional cybersecurity features used by even the major organizations. It prevents any kind of intrusion, maintains faster uptime, ensuring zero data loss in the unlikely event of hacking attempt.
Fortified by all these agile features, PayBito poses as a highly secure and versatile crypto exchange and trading platform for its global users.