Faruk Fatih Özer sharing his insights about the current state of the crypto sector

Marking another landmark slightly short of $41k, investing in Bitcoin has never been so alluring as now. Being up 40% already since the start of this year, Bitcoin has shown a phenomenal progression of 400% throughout the course of the last year that proved all the boldest price predictions of the past not at all unattainable.

Other cryptocurrencies start gaining weight too, and unsurprisingly: there has been a major regulatory shift towards mass adoption of stablecoins, which now implies that new entrants will be flooding the market very soon.

Having this in mind, however, it is important to be cautious while embarking on your next investment step. Crypto is still abundant in scams, and governments now focus on purging out all suspicious activity from the scope of authorized crypto operation.

Building a favourable environment is a long-term goal, which would now sharply be encouraged by the covid-19 outbreak. And, as more people get inspired by the promise of positive gains sometimes reaching up to 50%, cryptocurrency exchanges re-establish their relevance, especially in countries where crypto adoption has been relatively sluggish.

THODEX, a Turkey-based cryptocurrency exchange gaining a FinCen MSB license from the USA, already demonstrated its global orientation.

While embracing over 120 countries under its umbrella, THODEX bets on high-security two-factor trading practice, while enabling efficient customer support and adding a credit card service into the line. This is a strong premise for a long-term goal of global cryptocurrency adoption, on which THODEX can challenge even high-echelon exchanges like Binance.

One perk users can expect from THODEX is its affiliate program. Coming into force from March 6th, users are encouraged to invite peers and profit from each transaction they carry out.

The commission return starts from 20%, but can augment over time; it also imposes no limit as to how many friends can participate in the program. The link or QR code can easily be created and shared with a person of choice, while automatically starting to project each of friends’ transactions on a user’s account.

Seeing the big aim behind THODEX’s plan, I wanted to dig deeper and find out what role will be assigned to cryptocurrency in the post-pandemic future, and how Bitcoin and other cryptocurrencies will take one step closer to being a part of the mainstream movement.

Andrey Sergeenkov: Seeing the spike of malicious activity in cryptocurrency during covid-19 made many authority figures to repeatedly raise their voice against digital assets. Would you share with us how anyone can avoid falling victim to existing scams?

Faruk Fatih Özer: Bitcoin and all other cryptocurrencies have begun to live their most popular days with the pandemic, and this trend still continues.

Of course, it is inevitable that fraudulent activities will increase in an area where the investment is so large. In this process, we have witnessed such attempts, but we have successfully overcome this situation because we are confident about the security of our cryptocurrency exchange.

Clearly, the most popular method when it comes to fraud is phishing. As a first step, investors need to choose their cryptocurrency exchange carefully.

For example, we have taken strict measures for phishing attempts, we emphasize that the e-mail comes from our official address by adding a phishing code when sending an e-mail to users.

I believe that investors should also be sceptic, and that they should think twice when clicking on the links they have received. Cryptocurrency trading over public Wi-Fi networks should never be carried out and no information must be shared with others.

Andrey Sergeenkov: If you were to describe the main pros of THODEX trading platform relative to other platforms on the market, what would it be?

Faruk Fatih Özer: The Affiliate Program, which allows income to be generated forever, is one of our biggest advantages. Also, our commission rates are really low. In this regard, we think that we provide a great advantage to the direct members.

Besides, the credit card provides great convenience and becomes one of our highlighted features.

Considering our place in the Turkish market, I can say that the most important thing that distinguishes us from our competitors is that we are Turkey's first licensed global cryptocurrency exchange. 

Andrey Sergeenkov: Is there a plan to kick-off a native token of THODEX? Can you share with us any precise timeline as to when it may potentially take place?

Faruk Fatih Özer: The fact that we are able to extract token is one of the innovations that our members want from us.

We always have that idea somewhere in our minds. Our primary aim in 2020 was to accelerate our activities in all countries as a global stock exchange.

I cannot give you a clear date yet, but we may have a token surprise in the second half of 2021. 

Andrey Sergeenkov: Talking about your Affiliate Program, what is your target when it comes to the number of users you are planning to attract? And, if the project lands successfully, is there a chance THODEX will introduce any similar initiatives in the future?

Faruk Fatih Özer: I am not going to give you a direct number, but we have a rather big target in the Affiliate Program.

Of course, after the Affiliate Program, we will have good projects in the future. We have hard-working business development and marketing departments for this.

We will soon put our new projects at the service of our users

Andrey Sergeenkov: What are the investment tips you would share with anyone having no prior experience with cryptocurrency?

Faruk Fatih Özer: I cannot give you investment advice, however, I would definitely like to say this: If you are going to invest in cryptocurrencies, be sure to research by reading important articles first.

Cryptocurrencies are one of the most important investment opportunities of today, but when I look at the future, I believe that this will not only be an investment opportunity but also a part of daily life.

New investors should carefully review the comments and make good use of the opportunities.

Andrey Sergeenkov: What are the current trends on the cryptocurrency market you believe are the most likely to stand the trial of time? Specifically, to what extent do you believe in the future of Bitcoin and its potential to be used on pair with fiat?

Faruk Fatih Özer: I certainly do, but I do not think we will be seeing this anytime soon. With the recent sharp rise of Bitcoin, the pull towards cryptocurrencies, especially bitcoin, has increased even more than before.

I believe that Bitcoin will be used with fiat money if we can convince all countries and banks. It is just that everyone needs some time.  

Andrey Sergeenkov: Seeing the current crypto market growing increasingly abundant with new token options, do you possess any predictions as to which crypto initiative will be the market leader in the span of, let’s say, 10 years?

Faruk Fatih Özer: 10 years is a very long time. Therefore, I think that there are important points to be added here in the coming days.

Frankly, like everyone else, I am curious about what the leader of the crypto industry will be. For example, I am hopeful for Ethereum. But as I mentioned, there are many great innovations ahead of us. We will just have to wait and see.