Moreover, the exchange’s most active pair consist of two USD pegged stablecoins, hence it has much lower volatility compared to other pairs, making it the perfect instrument for multiple turnovers of any amount of funds with low risk of loss. Another trans-fee mining pair XRP/BTC also showed pieces of evidence of unnatural trading activity. Considering all these facts we can conclude that most part of BitMax trade volume is manipulated.
- BitMax.io is easy to use for beginners, and for those who can accept a certain level of risk, using BitMax can be more profitable than trading on other platforms since BitMax’s transaction fees are among the lowest in the industry.
- DNSSEC is a set of protocols that add a layer of security to the domain name system (DNS) lookup and exchange processes, which have become integral in accessing websites through the Internet.
- BitMax introduced a Transaction Mining model to encourage users to trade on the platform as part of the overall liquidity strategy.
- However, keep in mind that the password should be strong and remain always confidential, to prevent third-party access.
Thankfully, BitMax.io offers more than 100 cryptocurrencies along with digital derivatives and futures. One way around that is by trading cryptocurrency on BitMax.io, a relatively new high-performance digital asset trading platform that services retail and institutional clients around the world. Bitmax.io is designed in a way to ensure its user can access the trading platform from anywhere. Beyond the web-based interface, you can also download the iOS and Android applications to have access to your account even on the go. It could happen the site loads in Chinese first, which can be intimidating for the Western users, but you can easily switch the language at the top and the content is available throughout the site in English. Similar to this your registration confirmation email can arrive in Chinese too.
Therefore it has much lower volatility compared to other pairs, making it the perfect instrument for multiple turnovers of any amount of funds with low risk of loss. The bitmax.io domain name was created on the 23rd of February 2018. Torsten Hartmann has been an editor in the CaptainAltcoin team since August 2017. He gained professional experience as a PR for a local political party before moving to journalism. Since 2017, he has pivoted his career towards blockchain technology, with principal interest in applications of blockchain technology in politics, business and society. You can trade crypto CFDs with a leverage on forex and other derivatives platforms like Libertex, eToro, Plus500, IQ Options, City Index, AvaTrade.
In terms of special trading features, the Bitmax blog is a place where customers can find a variety of resources related to cryptocurrencies, online trading, technical analysis, and other relevant topics. It is important to take into account that most of these resources are best suited for beginners. The listing of STPT, the native token of Standard Tokenization Protocol, a decentralized network for the tokenization of any asset, followed. STP-Standard is an open-source standard that defines how tokenized assets are generated, issued, sent, and received while complying with all necessary regulations. The tiered transaction fee schedule of BitMax can be a small fraction of those trading fees.
While other investment platforms are available as smartphone apps, the vast majority of them do not specialize in cryptocurrency or offer the speed or array of cryptocurrency options that BitMax.io does. Both quant trading veterans, they have built BitMax on a foundation of transparency and reliability with the aim of delivering high-quality client services and trading experiences. Cryptocurrency trading is driving up profits for investors, but fees can be the brakes slowing personal yields.
Payment Methods and Fees
As you can imagine, leveraged trading can lead to great profit but also to great losses. AscendEX is a platform for investors of all experience levels who want to make their crypto ascent better. Simple crypto solutions and friendly customer support help our users invest, trade, earn, and manage their ascents with confidence. Therefore, brokers that specialize in crypto trading usually design trading platforms that are competitive yet easy and safe to use.
Let’s examine the criteria that determine whether this website is legitimate or a scam. Ki Chong first discovered Bitcoin in 2013 and has been hooked on the decentralized dream ever since. Originally from Los Angeles, he spent 4 years in Cambodia as the founder of the first 3D printing business in the country. Since leaving his business, he has devoted himself fulltime to blockchain technology in general and Ethereum in particular. If you’re running a script or application, please register or sign in with your developer credentials here. Additionally make sure your User-Agent is not empty and is something unique and descriptive and try again.
Can you change leverage when in a position?
Our content is updated regularly to keep our privacy-minded readers safe, informed & up to date. We rarely run ads, but sometimes earn a small commission when you purchase a product or service via a link https://cryptolisting.org/blog/does-overhead-include-payroll on our site. The BTMX token is how BitMax is able to structure its different “Trading Modes.” By using or holding the BTMX token, users are able to gain special rewards or discounts when they trade.
BitMax Exchange KYC and AML
Deposits through Simplex are normally quite fast (10-30 minutes), but there are fees involved with this service. To our knowledge, you need to pay 3.50% on the deposited amount to use the Simplex service. Since BTMX tokens constitute a new form of utility value on the BitMax.io platform, BTMX token holders who agree to share transaction data will receive further platform benefits as an incentive to continue holding BTMX. BitMax.io will pay users for BTMX usage data, including mining, execution price, and other token circulation information in order to better manage BTMX statistics on the platform. Users who sign up and agree to share their token transaction information with BitMax.io will have 80% of the total platform transaction fee revenue distributed back to them. Now that we’ve finished checking out bitmax.io, it’s crucial to pay close attention to this paragraph.
With this crypto trading platform, you have the unique opportunity to take advantage of the price movements in tens of different Altcoins, using margin and tight trading costs. Bitmax is an exchange platform of cryptocurrency, committing to the highest security and protecting customer’s transactions. In addition, they emphasize fast execution and cutting-edge technology of what they refer to as an easy-to-use trading platform.
In this Bitmax review, we will provide an overview of the platform, outlining its most notable features to help you decide if it is a suitable cryptocurrency exchange. At Level 1 you can trade up to 2 BTC daily, with Level 2 your limit is lifted to 100 BTC and with Level 3 you can even go higher on a case by cases approval. Verification requests are reviewed within 2 business days, so bear in mind that before you need urgent withdrawal from the platform but have not verified your account yet. Cryptwerk is useful for people who wants to spend cryptocurrency directly, without exchanges or banking cards.