Orbitex is a digital mobile wallet that supports both crypto and fiat currencies. It also offers an online exchange for your crypto enthusiastic minds.

The majority of crypto investors prefer centralized cryptocurrency wallets and exchanges. The term centralized depicts the idea of a third party to execute the transactions. When both parties, buyers, and sellers have trusted a third party (middle man) to handle their assets they will use a centralized (custodial) wallet like Orbitex.

Understanding the concept of crypto wallets

To understand the concept of crypto wallets and centralized third-party services think of a banking system, where a customer has trusted a banking institution with his life savings. Why do people trust these institutions? Certainly, because the banking sector gives them the level of security that is almost impossible for an individual to achieve. The same thing applies to crypto wallets like Orbitex Wallet and Exchange. Transactors not only trust the Orbitex digital wallet for the security of their digital and fiat assets, but also Orbitex wallet will make the interaction between the spectrum of parties possible for providing the best trading options to the investors.

Orbitex crypto wallet also provides the option to conduct trade between different cryptocurrencies. Peer-to-peer exchange is also provided.

The number of those exchanges is very scarce which allows both fiat and cryptocurrencies. And that's what is most desirable especially for those people who are new to crypto trading. The other reason is that being able to turn your crypto assets into fiat currencies and vice versa gives the customers a sublime sense of security. Orbitex gives its customers the amenity to trade in both crypto and fiat currencies.

Orbitex crypto wallet also provides 2FA that is an additional security feature for your digital assets. Withdraw in the environment of crypto wallet and exchange means a transaction of fiat and crypto assets from Orbitex app to an outside address (wallet exchange)

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