How will MetaMask Benefit You?
?One click process: No more cumbersome form-filling.
?Hassle free-login: No need to remember yet another username/password pair.
?Saves Time: The whole process takes seconds.
?Optional Custodial: Connect Metamask wallet to log in, with upcoming trade, earn and borrow as the preferred wallet for all services.
What is CeDeFi & Need For It?
Custodial platforms tend to hedge assets under custody on a scale of risk-classified markets, including DeFi services like staking, lending, farming, etc., and/or actively traded on derivatives markets. Therefore, custody should be a choice for the end user, not a compulsion to use services.
CeDeFi offers the same features as DeFi while being centralized, allowing people to access DeFi products while still allowing them to leverage the advantages of CeFi systems. ByteX as a whole platform will consist of CeFi and DeFi; the whole platform is a hybrid web2.0 + web3.0. It is designed to allow both custodial and non-custodial access to services.
Optional Custodial Wallets on ByteX with MetaMask
Login with MetaMask was the first step towards making your ByteX account more user-friendly and towards a CeDeFi architecture. The future holds the following:
?Login to App through MetaMask: You will be able to login into your ByteX iOS & Android app using the MetaMask wallet.
?Earn with MetaMask: You will be able to connect through MetaMask to Earn with Stablecoins on ByteX.
?Trade with MetaMask: You will be able to Buy & sell cryptocurrencies directly from the connected MetaMask wallet.
If Metamask is not connected or the user prefers to use the custodial wallet, then Binance & OKX-powered user wallets are provided with insured custody partner; Copper
How to Enable MetaMask Login?
To enable MetaMask login for your ByteX account, go into Settings→ Connect Wallet → Confirm Your Wallet.
Once you have connected and confirmed your MetaMask wallet address, you will be able to login to your ByteX account on the web using MetaMask.
Stay tuned for more feature updates and announcements.
About ByteX
ByteX is a licensed & regulated CeDeFi platform operating in Canada, USA, the European Economic Area, and India. Being a KYC verified platform with compliant DeFi architecture, ByteX aims to bridge the best of both worlds and redefine the crypto credit infrastructure with transparency.
Become Part of the Community
Telegram: https://t.me/ByteX_Announcements
Get Instant Access to Crypto Through our App
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Risk Disclaimer
Nothing in this email/Post/Bulletin should be considered investment advice. Cryptocurrency trading markets are volatile and can change rapidly. All opinions and analyses are of the authors, not http://www.bytex.io (ByteX). Please refer to ByteX risk disclosure at https://bytex.io/risk-disclosure.
Keep up the investing spirit.
Cheers!
Team ByteX
