8 Best Crypto Margin Trading Exchanges Compared (2020)

XMR Trader, the Official Monero Trading Subreddit

The official Monero trading subreddit. Discuss price movements, market dynamics, news, and trades involving Monero here.
[link]

Bitcoin mentioned around Reddit: margin - Bitcoin Trading Bot: Binance, Bittrex, HitBTC, Poloniex, Bitfinex /r/XRP

Bitcoin mentioned around Reddit: margin - Bitcoin Trading Bot: Binance, Bittrex, HitBTC, Poloniex, Bitfinex /XRP submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

DeFi: como escapar del peso (y de la AFIP). Capítulo 2

DeFi: como escapar del peso (y de la AFIP). Capítulo 2
Capítulo anterior: Introducción
Capítulo 2: Lending
Aplica mismo disclaimer que el capítulo anterior
Existen varias plataformas que permiten tomar créditos en USD digital (USDC, DAI, etc) dejando como respaldo otras cryptos en un porcentaje mayor al que se se toma prestado (over collateralization), asumiendo una tasa de interés. Por ejemplo yo podría bloquear (dejar en garantía) 1 ETH (~240usd) y con eso llevarme 150DAI. Cuando quiera, devuelvo los 150DAI + el interés, y con eso me desbloquean mis ETH. Todo esto puede hacerse de manera automática, sin intermediarios y mediante smart contracts.
La contraparte de este sistema son quienes aportan eso DAI para prestar. Al igual que como en teoría funciona el sistema bancario, otras personas depositan sus DAI, los cuáles son prestados, y cambio reciben un interés mensual, diario o hasta incluso cada segundo (ver en vivo como se reciben intereses por segundo es una linda experiencia). La seguridad de los depositantes está dada en que el sistema esta "sobrecolateralizado", es decir que hay mas activos bloqueados como garantía que los prestados. A diferencia de los bancos que trabajan con reserva fraccional.
Las tasas de interés para tomar créditos o prestar van variando según diferentes circunstancias del mercado. El sitio LoanScan es un buen comienzo para saber que pagan en diferentes plataformas por prestar tus crypto, que pueden ser las tradicionales (BTC, ETH) o stablecoins (USDC, DAI). Es importante diferenciar entre las plataformas centralizadas, es decir aquella a las cuáles se les transfiere los activos y estos quedan en su custodia, de las descentralizadas, en las cuáles no hay un actor o empresa a quien se le deposite, sino que todo se maneja mediante smart contracts y no existe el riesgo de que la empresa funda o la hackeen y desaparezcan los fondos. Otra (gran) diferencia es que en las centralizadas vas a tener que crear una cuenta, pasar por un proceso de KYC, presentar documentación, etc., mientras que en las otras todo esto no es necesario, ya que se maneja directamente desde la wallet propia.

https://preview.redd.it/1gooaloxca351.png?width=850&format=png&auto=webp&s=ab947cbfd38df27323297946eec86ae59d1650a5
En esta captura de LoanScan se pueden ver las tasas de interés que pagan los préstamos en USDC y DAI. Actualmente en las plataformas centralizadas se está pagando mejor, pero esto puede variar con el tiempo. Vamos a tomar algunas como ejemplo:
BlockFi
Blockfi es una empresa de USA que se dedica a prestar cryptos y permite a otros usuarios financiar esos préstamos obteniendo a cambio una tasa de interés. Actualmente pagan 6% por BTC, 4.5% para ETH y 8.6% para las stablecoins (USDC incluído). Con sólo crear una cuenta en este sitio y depositar algunos USDC, estos van a empezar a generar intereses sin necesidad de hacer nada más. Los pagos se realizan el primer día del mes por lo acumulado en el mes anterior. Ej: si deposito 100USDC, a fin de mes me van a depositar 0.71USDC de interés. Ese monto se suma al que uno tiene adquiriendo interés, y el mes siguiente el interés será sobre 100.71USDC (interés compuesto). Uno puede elegir si recibir el interés en la misma moneda que lo genera (en BTC si tengo BTC y ETH si tengo ETH) o todo en una, al tipo de cambio correspondiente (por ej. puedo tener BTC, USDC y ETH depositados y cobrar todo el interés en USDC).
Nexo
Nexo es un sitio muy similar, basado en Suiza, donde también se pueden depositar varios tipos de cryptos. En este caso aparte de USDC se puede depositar DAI. La tasa para estos stablecoins es de 8%, y los intereses se pagan todos los días, a la medianoche de Europa.
El funcionamiento de ambos es básicamente el mismo, y los riesgos también: al tener depositados los fondos en esas empresas, estos siempre pueden ser bloqueados, trabados, robados, fundidos, etc. como en cualquier banco o broker tradicional. Las ventajas: una curva de aprendizaje mucho menor, no hay muchos tecnicismos ni cuestiones complejas que entender. Simplemente le prestas tu plata a una empresa, y esta te paga un interés. La creación de una cuenta es muy simple, no tienen restricciones de países y es un proceso 100% online de sólo unos minutos.
Exchanges
Existen algunos exchanges (Poloniex, Bitfinex entre otros) que también brindan la posibilidad de prestar crypto y pagan un interés. En este caso los fondos los usan quienes operan con leverage (margin trade), donde también tienen que colateralizarsu posición y eso disminuye el riesgo de no pago. Las tasas van variando según la cantidad de oferentes y demandantes y lo que esté dispuesto a recibir y pagar cada uno.
Comparten estas empresas información fiscal por los tratados de intercambio de información automática? No lo sé, y si alguien lo sabe sería bueno que lo comente. Lo único que me puede dar una pista es el país en el que esta registrada cada una. Lo que no se puede evitar en estos casos es tener que registrarse con los datos personales reales presentando documentación, al igual que un broker o banco tradicional, aunque mucho más fácil y rápidamente.
Servicios Descentralizados
Son aquellos en los que no hay una empresa que custodia y administra lo prestado, sino que funcionan directamente mediante protocolos (o smart contracts) que gestionan todo.
Oasis Save
Maker DAO (DAO es una organización autónoma descentralizada) opera la moneda DAI y tres servicios en su plataforma OASIS: Trade, Borrow, Save. Con Oasis Save uno puede bloquear sus DAI, los cuáles son a su vez prestados a otros en Borrow, y obtener un interés a cambio. La tasa de interés esta definida por los participantes de esta organización autónoma mediante una votación, y se usa para incentivar o desincentivar la demanda de DAI, y con eso mantener el peg 1:1 con el USD. En términos generales, si el DAI cotiza por debajo de 1USD, se sube la tasa de interés, y si este opera encima del dólar, se baja.
Para participar únicamente es necesario ingresar a Oasis, loguearse con la wallet propia y decidir cuántos DAI bloquear en Save. Automáticamente se empezarán a recibir intereses por cada segundo que transcurra con tu dinero prestado. Los DAI nunca son transferidos a nadie, simplemente son bloqueados en un smart contract, por lo que mientras estén ahi no los vas a poder transferir ni usar para otra cosa. Para salir, lo único que hay que hacer es retirar los fondos, lo cuál va a hacer que se deje de recibir el interés.
Hoy la tasa de interés de DAI Save es de 0%, lo que hace que obviamente no tenga sentido participar, pero esto cambia permanentemente. Al estar DAI cotizando por encima del USD (aprox. 1.02) se fue bajando la tasa de interés hasta llegar a 0%. Hoy esta cotizando nuevamente a $1, por lo que es probable que se vuelva a subir en el corto plazo.
Aave, Fulcrum, Compound, dYdX
Asi como Oasis es la plataforma nativa de DAI, existen muchas otras que funcionan básicamente de la misma manera, operando como un intermediario (aunque es sólo código) entre prestamistas y tomadores de deuda.
Aave, Fulcrum y Compound son tres de las principales, aunque hay muchas otras. En las tres se encuentran opciones para prestar diversas cryptos, manejando cada una su tasa de interés que puede ser fija o variable. dYdx es un exchange descentralizado, donde los prestamos son para traders utilizando leverage, al igual que lo descripto arriba con Bitfinex o Poloniex, aunque sin un tercero que administra todo.
Al momento de escribir esto, si uno tiene DAI y quiere prestarlos, le convendría depositarlos en dYdX que ofrece una tasa del 3.24% y si tiene USDC la mejor opción sería Aave, que rinde 3.68%. Pero esto puede cambiar en cualquier momento, siendo la mejor ventaja de operar con crypto que moverse de una plataforma a otra puede hacerse en cuestión de minutos y por un costo muy bajo. Incluso hay robots que se pueden usar para administrar los fondos y que te los vaya moviendo adonde mas convenga en cada momento (lo trataremos en otro capítulo)
Pool Together
Otro proyecto interesante es Pool Together, al que ellos definen como una lotería en la que no se puede perder. Participar de este juego requiere depositar DAI en un pool al que también aportan otras personas, luego ese pool se invierte y se obtiene un interés y al final de la semana se sortea ese interés adquirido entre todos los participantes con chances proporcionales a lo aportado. Es decir que si tengo 100DAI, en vez de invertirlo por mi cuenta puedo participar de este pool y tener la posibilidad de ganar un interés mucho más grande generado por un pozo mayor. A todos los que no ganan se les devuelve lo aportado, de ahi que nunca se pierde el capital inicial.
Conclusión
Lo más interesante de lo explicado en esta última parte es que todo esto se gestiona sin una persona o empresa intermediaria en la cuál haya que confiar, sino simplemente con código que se ejecuta según las reglas predefinidas en el protocolo. La clave de estos servicios descentralizados es que son non-custodial, es decir que nadie (más que uno mismo) custodia los fondos, y por lo tanto uno en ningún momento se pierde el control de ellos ni tiene que transferirlos, simplemente los bloquea en un smart contract bajo su control.
Según lo explicado en el capítulo anterior y este, uno podría pasar sus pesos de papel a DAI en una operación con otra persona para luego invertirlos en alguno de estos protocolos descentralizados. Pasaría a estar recibiendo un interés en una moneda atada al dólar que puede reinvertir, guardar o transferir adonde quiera, sin permisos ni papeles, formularios o burocracia alguna. Toda esta operación es privada, sin nadie que pueda intervenir, opinar si es correcto o no, definir si podes hacerlo según si anteriormente participaste de otro mercado o patalear porque fuga de capitales o idioteces semejantes.
En la vereda de enfrente están los servicios centralizados, regulados por el estado como entidades financieras, y donde uno debe siempre enviar sus datos personales para poder operar. Lo más prudente en estos casos a mi criterio es asumir que toda esa información es compartida con el fisco, ya sea de manera automática o bajo pedido. Esto aplica tanto para un exchange (en Argentina Ripio, Buenbit, etc.) como a las plataformas de lending descriptas arriba.
El Lending permite prestar tu dinero de manera segura y obtener un interés a cambio. Para poner un equivalente que todos conocen, sería algo asi como tener un bono pero en vez de estar emitidos por estados o empresas, son otras personas las que toman la deuda. Y vos también podés hacerlo si necesitas liquidez y no querés vender tus activos.
Próximo capítulo: Synthetix y como obtener exposición a cualquier activo del mundo real.
submitted by jreddredd to merval [link] [comments]

What is margin trading in crypto

What is margin trading in crypto

https://preview.redd.it/lja28ou39qd41.png?width=1000&format=png&auto=webp&s=dd157b148f210a4246f76c07a84a2378d7ed1edf
Margin trading means trading using borrowed funds. This allows you to trade larger amounts to get more profit from a single trade and increase your deposit faster. The amount allocated for the trade is provided as a credit.
It should be understood that trading with leverage involves high risks and is recommended only for professionals and experienced traders. If your forecast is incorrect, there is a risk of losing all the money on the deposit.
When opening a position, a parameter such as the liquidation price is displayed - this indicator means that when the specified rate is reached, the position is automatically closed, and the funds allocated for the trade are completely debited from the account and returned to the exchange. The higher the leverage, the closer the liquidation price is and, consequently, the higher the risks are. To avoid losses, it is recommended to allocate no more than 5-10% of the Deposit per trade, depending on the leverage size.
The second nuance that needs to be taken into account is the fees. When using leverage, the trader pays a fee in proportion to the total amount of the trade. That is, using 100x leverage, the trader will pay a fee a hundred times more, so if the forecast is not correct, the losses will be even greater. In addition to the loss from the price difference, if the exchange fee is 0.1%, the trader will lose additional 10%.

Where to trade crypto with leverage

The most popular platform for margin trading in crypto is BitMEX. The platform supports leverage up to 100x, but the selection of cryptocurrencies is small: Bitcoin and a few of the largest altcoins are available to traders. Another popular platform that provides trading with leverage is Poloniex. In 2019, Binance added margin trading as well. The last two sites are required to pass a verification for use of borrowed funds.
Traders can trade on Binance, BitMEX and Poloniex using a convenient terminal from Trade-mate.io. The platform supports Autotrade and Smart trade with trailing mechanisms. Recently, the service added support for margin trading on BitMEX via the API. Trade-mate.io was the first service of its kind to provide such an opportunity. To protect users' funds, leverage is limited to 25x.
submitted by mrhadow to matetrade [link] [comments]

Beginner’s Guide to BitMEX

Beginner’s Guide to BitMEX

https://preview.redd.it/fl5e0q7i3cc41.jpg?width=1024&format=pjpg&auto=webp&s=445485d722839a9adc1ae13db4c965b0ae3e67b7
Founded by HDR Global Trading Limited (which in turn was founded by former bankers Arthur Hayes, Samuel Reed and Ben Delo) in 2014, BitMEX is a trading platform operating around the world and registered in the Seychelles.
Meaning Bitcoin Mercantile Exchange, BitMEX is one of the largest Bitcoin trading platforms currently operating, with a daily trading volume of over 35,000 BTC and over 540,000 accesses monthly and a trading history of over $34 billion worth of Bitcoin since its inception.

https://preview.redd.it/coenpm4k3cc41.jpg?width=808&format=pjpg&auto=webp&s=8832dcafa5bd615b511bbeb6118ef43d73ed785e
Unlike many other trading exchanges, BitMEX only accepts deposits through Bitcoin, which can then be used to purchase a variety of other cryptocurrencies. BitMEX specialises in sophisticated financial operations such as margin trading, which is trading with leverage. Like many of the exchanges that operate through cryptocurrencies, BitMEX is currently unregulated in any jurisdiction.
Visit BitMEX

How to Sign Up to BitMEX

In order to create an account on BitMEX, users first have to register with the website. Registration only requires an email address, the email address must be a genuine address as users will receive an email to confirm registration in order to verify the account. Once users are registered, there are no trading limits. Traders must be at least 18 years of age to sign up.
https://preview.redd.it/0v13qoil3cc41.jpg?width=808&format=pjpg&auto=webp&s=e6134bc089c4e352dce10d754dc84ff11a4c7994
However, it should be noted that BitMEX does not accept any US-based traders and will use IP checks to verify that users are not in the US. While some US users have bypassed this with the use of a VPN, it is not recommended that US individuals sign up to the BitMEX service, especially given the fact that alternative exchanges are available to service US customers that function within the US legal framework.
How to Use BitMEX
BitMEX allows users to trade cryptocurrencies against a number of fiat currencies, namely the US Dollar, the Japanese Yen and the Chinese Yuan. BitMEX allows users to trade a number of different cryptocurrencies, namely Bitcoin, Bitcoin Cash, Dash, Ethereum, Ethereum Classic, Litecoin, Monero, Ripple, Tezos and Zcash.
The trading platform on BitMEX is very intuitive and easy to use for those familiar with similar markets. However, it is not for the beginner. The interface does look a little dated when compared to newer exchanges like Binance and Kucoin’s.
Once users have signed up to the platform, they should click on Trade, and all the trading instruments will be displayed beneath.
Clicking on the particular instrument opens the orderbook, recent trades, and the order slip on the left. The order book shows three columns – the bid value for the underlying asset, the quantity of the order, and the total USD value of all orders, both short and long.
The widgets on the trading platform can be changed according to the user’s viewing preferences, allowing users to have full control on what is displayed. It also has a built in feature that provides for TradingView charting. This offers a wide range of charting tool and is considered to be an improvement on many of the offering available from many of its competitors.
https://preview.redd.it/fabg1nxo3cc41.jpg?width=808&format=pjpg&auto=webp&s=6d939889c3eac15ab1e78ec37a8ccd13fc5e0573
Once trades are made, all orders can be easily viewed in the trading platform interface. There are tabs where users can select their Active Orders, see the Stops that are in place, check the Orders Filled (total or partially) and the trade history. On the Active Orders and Stops tabs, traders can cancel any order, by clicking the “Cancel” button. Users also see all currently open positions, with an analysis if it is in the black or red.
BitMEX uses a method called auto-deleveraging which BitMEX uses to ensure that liquidated positions are able to be closed even in a volatile market. Auto-deleveraging means that if a position bankrupts without available liquidity, the positive side of the position deleverages, in order of profitability and leverage, the highest leveraged position first in queue. Traders are always shown where they sit in the auto-deleveraging queue, if such is needed.
Although the BitMEX platform is optimized for mobile, it only has an Android app (which is not official). There is no iOS app available at present. However, it is recommended that users use it on the desktop if possible.
BitMEX offers a variety of order types for users:
  • Limit Order (the order is fulfilled if the given price is achieved);
  • Market Order (the order is executed at current market price);
  • Stop Limit Order (like a stop order, but allows users to set the price of the Order once the Stop Price is triggered);
  • Stop Market Order (this is a stop order that does not enter the order book, remain unseen until the market reaches the trigger);
  • Trailing Stop Order (it is similar to a Stop Market order, but here users set a trailing value that is used to place the market order);
  • Take Profit Limit Order (this can be used, similarly to a Stop Order, to set a target price on a position. In this case, it is in respect of making gains, rather than cutting losses);
  • Take Profit Market Order (same as the previous type, but in this case, the order triggered will be a market order, and not a limit one)
The exchange offers margin trading in all of the cryptocurrencies displayed on the website. It also offers to trade with futures and derivatives – swaps.

Futures and Swaps

A futures contract is an agreement to buy or sell a given asset in the future at a predetermined price. On BitMEX, users can leverage up to 100x on certain contracts.
Perpetual swaps are similar to futures, except that there is no expiry date for them and no settlement. Additionally, they trade close to the underlying reference Index Price, unlike futures, which may diverge substantially from the Index Price.
BitMEX also offers Binary series contracts, which are prediction-based contracts which can only settle at either 0 or 100. In essence, the Binary series contracts are a more complicated way of making a bet on a given event.
The only Binary series betting instrument currently available is related to the next 1mb block on the Bitcoin blockchain. Binary series contracts are traded with no leverage, a 0% maker fee, a 0.25% taker fee and 0.25% settlement fee.

Bitmex Leverage

BitMEX allows its traders to leverage their position on the platform. Leverage is the ability to place orders that are bigger than the users’ existing balance. This could lead to a higher profit in comparison when placing an order with only the wallet balance. Trading in such conditions is called “Margin Trading.”
There are two types of Margin Trading: Isolated and Cross-Margin. The former allows the user to select the amount of money in their wallet that should be used to hold their position after an order is placed. However, the latter provides that all of the money in the users’ wallet can be used to hold their position, and therefore should be treated with extreme caution.
https://preview.redd.it/eg4qk9qr3cc41.jpg?width=808&format=pjpg&auto=webp&s=c3ca8cdf654330ce53e8138d774e72155acf0e7e
The BitMEX platform allows users to set their leverage level by using the leverage slider. A maximum leverage of 1:100 is available (on Bitcoin and Bitcoin Cash). This is quite a high level of leverage for cryptocurrencies, with the average offered by other exchanges rarely exceeding 1:20.

BitMEX Fees

For traditional futures trading, BitMEX has a straightforward fee schedule. As noted, in terms of leverage offered, BitMEX offers up to 100% leverage, with the amount off leverage varying from product to product.
However, it should be noted that trading at the highest leverages is sophisticated and is intended for professional investors that are familiar with speculative trading. The fees and leverage are as follows:
https://preview.redd.it/wvhiepht3cc41.jpg?width=730&format=pjpg&auto=webp&s=0617eb894c13d3870211a01d51af98561907cb99

https://preview.redd.it/qhi8izcu3cc41.jpg?width=730&format=pjpg&auto=webp&s=09da4efe1de4214b0b5b9c7501aba5320e846b4c
However, there are additional fees for hidden / iceberg orders. A hidden order pays the taker fee until the entire hidden quantity is completely executed. Then, the order will become normal, and the user will receive the maker rebate for the non-hidden amount.

Deposits and Withdrawals

BitMEX does not charge fees on deposits or withdrawals. However, when withdrawing Bitcoin, the minimum Network fee is based on blockchain load. The only costs therefore are those of the banks or the cryptocurrency networks.
As noted previously, BitMEX only accepts deposits in Bitcoin and therefore Bitcoin serves as collateral on trading contracts, regardless of whether or not the trade involves Bitcoin.
The minimum deposit is 0.001 BTC. There are no limits on withdrawals, but withdrawals can also be in Bitcoin only. To make a withdrawal, all that users need to do is insert the amount to withdraw and the wallet address to complete the transfer.
https://preview.redd.it/xj1kbuew3cc41.jpg?width=808&format=pjpg&auto=webp&s=68056f2247001c63e89c880cfbb75b2f3616e8fe
Deposits can be made 24/7 but withdrawals are processed by hand at a recurring time once per day. The hand processed withdrawals are intended to increase the security levels of users’ funds by providing extra time (and email notice) to cancel any fraudulent withdrawal requests, as well as bypassing the use of automated systems & hot wallets which may be more prone to compromise.

Supported Currencies

BitMEX operates as a crypto to crypto exchange and makes use of a Bitcoin-in/Bitcoin-out structure. Therefore, platform users are currently unable to use fiat currencies for any payments or transfers, however, a plus side of this is that there are no limits for trading and the exchange incorporates trading pairs linked to the US Dollar (XBT), Japanese Yen (XBJ), and Chinese Yuan (XBC).
BitMEX supports the following cryptocurrencies:
  • Bitcoin (XBT)
  • Bitcoin Cash (BCH)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Litecoin (LTC)
  • Ripple Token (XRP)
  • Monero (XMR)
  • Dash (DASH)
  • Zcash (ZEC)
  • Cardano (ADA)
  • Tron (TRX)
  • EOS Token (EOS)
BitMEX also offers leverage options on the following coins:
  • 5x: Zcash (ZEC)
  • 20x : Ripple (XRP),Bitcoin Cash (BCH), Cardano (ADA), EOS Token (EOS), Tron (TRX)
  • 25x: Monero (XMR)
  • 33x: Litecoin (LTC)
  • 50x: Ethereum (ETH)
  • 100x: Bitcoin (XBT), Bitcoin / Yen (XBJ), Bitcoin / Yuan (XBC)

Trading Technologies International Partnership

HDR Global Trading, the company which owns BitMEX, has recently announced a partnership with Trading Technologies International, Inc. (TT), a leading international high-performance trading software provider.
The TT platform is designed specifically for professional traders, brokers, and market-access providers, and incorporates a wide variety of trading tools and analytical indicators that allow even the most advanced traders to customize the software to suit their unique trading styles. The TT platform also provides traders with global market access and trade execution through its privately managed infrastructure and the partnership will see BitMEX users gaining access to the trading tools on all BitMEX products, including the popular XBT/USD Perpetual Swap pairing.
https://preview.redd.it/qcqunaby3cc41.png?width=672&format=png&auto=webp&s=b77b45ac2b44a9af30a4985e3d9dbafc9bbdb77c

The BitMEX Insurance Fund

The ability to trade on leverage is one of the exchange’s main selling points and offering leverage and providing the opportunity for traders to trade against each other may result in a situation where the winners do not receive all of their expected profits. As a result of the amounts of leverage involved, it’s possible that the losers may not have enough margin in their positions to pay the winners.
Traditional exchanges like the Chicago Mercantile Exchange (CME) offset this problem by utilizing multiple layers of protection and cryptocurrency trading platforms offering leverage cannot currently match the levels of protection provided to winning traders.
In addition, cryptocurrency exchanges offering leveraged trades propose a capped downside and unlimited upside on a highly volatile asset with the caveat being that on occasion, there may not be enough funds in the system to pay out the winners.
To help solve this problem, BitMEX has developed an insurance fund system, and when a trader has an open leveraged position, their position is forcefully closed or liquidated when their maintenance margin is too low.
Here, a trader’s profit and loss does not reflect the actual price their position was closed on the market, and with BitMEX when a trader is liquidated, their equity associated with the position drops down to zero.
In the following example, the trader has taken a 100x long position. In the event that the mark price of Bitcoin falls to $3,980 (by 0.5%), then the position gets liquidated with the 100 Bitcoin position needing to be sold on the market.
This means that it does not matter what price this trade executes at, namely if it’s $3,995 or $3,000, as from the view of the liquidated trader, regardless of the price, they lose all the equity they had in their position, and lose the entire one Bitcoin.
https://preview.redd.it/wel3rka04cc41.png?width=669&format=png&auto=webp&s=3f93dac2d3b40aa842d281384113d2e26f25947e
Assuming there is a fully liquid market, the bid/ask spread should be tighter than the maintenance margin. Here, liquidations manifest as contributions to the insurance fund (e.g. if the maintenance margin is 50bps, but the market is 1bp wide), and the insurance fund should rise by close to the same amount as the maintenance margin when a position is liquidated. In this scenario, as long as healthy liquid markets persist, the insurance fund should continue its steady growth.
The following graphs further illustrate the example, and in the first chart, market conditions are healthy with a narrow bid/ask spread (just $2) at the time of liquidation. Here, the closing trade occurs at a higher price than the bankruptcy price (the price where the margin balance is zero) and the insurance fund benefits.
Illustrative example of an insurance contribution – Long 100x with 1 BTC collateral
https://preview.redd.it/is89ep924cc41.png?width=699&format=png&auto=webp&s=f0419c68fe88703e594c121b5b742c963c7e2229
(Note: The above illustration is based on opening a 100x long position at $4,000 per BTC and 1 Bitcoin of collateral. The illustration is an oversimplification and ignores factors such as fees and other adjustments.
The bid and offer prices represent the state of the order book at the time of liquidation. The closing trade price is $3,978, representing $1 of slippage compared to the $3,979 bid price at the time of liquidation.)
The second chart shows a wide bid/ask spread at the time of liquidation, here, the closing trade takes place at a lower price than the bankruptcy price, and the insurance fund is used to make sure that winning traders receive their expected profits.
This works to stabilize the potential for returns as there is no guarantee that healthy market conditions can continue, especially during periods of heightened price volatility. During these periods, it’s actually possible that the insurance fund can be used up than it is built up.
Illustrative example of an insurance depletion – Long 100x with 1 BTC collateral
https://preview.redd.it/vb4mj3n54cc41.png?width=707&format=png&auto=webp&s=0c63b7c99ae1c114d8e3b947fb490e9144dfe61b
(Notes: The above illustration is based on opening a 100x long position at $4,000 per BTC and 1 Bitcoin of collateral. The illustration is an oversimplification and ignores factors such as fees and other adjustments.
The bid and offer prices represent the state of the order book at the time of liquidation. The closing trade price is $3,800, representing $20 of slippage compared to the $3,820 bid price at the time of liquidation.)
The exchange declared in February 2019, that the BitMEX insurance fund retained close to 21,000 Bitcoin (around $70 million based on Bitcoin spot prices at the time).
This figure represents just 0.007% of BitMEX’s notional annual trading volume, which has been quoted as being approximately $1 trillion. This is higher than the insurance funds as a proportion of trading volume of the CME, and therefore, winning traders on BitMEX are exposed to much larger risks than CME traders as:
  • BitMEX does not have clearing members with large balance sheets and traders are directly exposed to each other.
  • BitMEX does not demand payments from traders with negative account balances.
  • The underlying instruments on BitMEX are more volatile than the more traditional instruments available on CME.
Therefore, with the insurance fund remaining capitalized, the system effectively with participants who get liquidated paying for liquidations, or a losers pay for losers mechanism.
This system may appear controversial as first, though some may argue that there is a degree of uniformity to it. It’s also worth noting that the exchange also makes use of Auto Deleveraging which means that on occasion, leveraged positions in profit can still be reduced during certain time periods if a liquidated order cannot be executed in the market.
More adventurous traders should note that while the insurance fund holds 21,000 Bitcoin, worth approximately 0.1% of the total Bitcoin supply, BitMEX still doesn’t offer the same level of guarantees to winning traders that are provided by more traditional leveraged trading platforms.
Given the inherent volatility of the cryptocurrency market, there remains some possibility that the fund gets drained down to zero despite its current size. This may result in more successful traders lacking confidence in the platform and choosing to limit their exposure in the event of BitMEX being unable to compensate winning traders.

How suitable is BitMEX for Beginners?

BitMEX generates high Bitcoin trading levels, and also attracts good levels of volume across other crypto-to-crypto transfers. This helps to maintain a buzz around the exchange, and BitMEX also employs relatively low trading fees, and is available round the world (except to US inhabitants).
This helps to attract the attention of people new to the process of trading on leverage and when getting started on the platform there are 5 main navigation Tabs to get used to:
  • **Trade:**The trading dashboard of BitMEX. This tab allows you to select your preferred trading instrument, and choose leverage, as well as place and cancel orders. You can also see your position information and view key information in the contract details.
  • **Account:**Here, all your account information is displayed including available Bitcoin margin balances, deposits and withdrawals, and trade history.
  • **Contracts:**This tab covers further instrument information including funding history, contract sizes; leverage offered expiry, underlying reference Price Index data, and other key features.
  • **References:**This resource centre allows you to learn about futures, perpetual contracts, position marking, and liquidation.
  • **API:**From here you can set up an API connection with BitMEX, and utilize the REST API and WebSocket API.
BitMEX also employs 24/7 customer support and the team can also be contacted on their Twitter and Reddit accounts.
In addition, BitMEX provides a variety of educational resources including an FAQ section, Futures guides, Perpetual Contracts guides, and further resources in the “References” account tab.
For users looking for more in depth analysis, the BitMEX blog produces high level descriptions of a number of subjects and has garnered a good reputation among the cryptocurrency community.
Most importantly, the exchange also maintains a testnet platform, built on top of testnet Bitcoin, which allows anyone to try out programs and strategies before moving on to the live exchange.
This is crucial as despite the wealth of resources available, BitMEX is not really suitable for beginners, and margin trading, futures contracts and swaps are best left to experienced, professional or institutional traders.
Margin trading and choosing to engage in leveraged activity are risky processes and even more advanced traders can describe the process as a high risk and high reward “game”. New entrants to the sector should spend a considerable amount of time learning about margin trading and testing out strategies before considering whether to open a live account.

Is BitMEX Safe?

BitMEX is widely considered to have strong levels of security. The platform uses multi-signature deposits and withdrawal schemes which can only be used by BitMEX partners. BitMEX also utilises Amazon Web Services to protect the servers with text messages and two-factor authentication, as well as hardware tokens.
BitMEX also has a system for risk checks, which requires that the sum of all account holdings on the website must be zero. If it’s not, all trading is immediately halted. As noted previously, withdrawals are all individually hand-checked by employees, and private keys are never stored in the cloud. Deposit addresses are externally verified to make sure that they contain matching keys. If they do not, there is an immediate system shutdown.
https://preview.redd.it/t04qs3484cc41.jpg?width=808&format=pjpg&auto=webp&s=a3b106cbc9116713dcdd5e908c00b555fd704ee6
In addition, the BitMEX trading platform is written in kdb+, a database and toolset popular amongst major banks in high frequency trading applications. The BitMEX engine appears to be faster and more reliable than some of its competitors, such as Poloniex and Bittrex.
They have email notifications, and PGP encryption is used for all communication.
The exchange hasn’t been hacked in the past.

How Secure is the platform?

As previously mentioned, BitMEX is considered to be a safe exchange and incorporates a number of security protocols that are becoming standard among the sector’s leading exchanges. In addition to making use of Amazon Web Services’ cloud security, all the exchange’s systems can only be accessed after passing through multiple forms of authentication, and individual systems are only able to communicate with each other across approved and monitored channels.
Communication is also further secured as the exchange provides optional PGP encryption for all automated emails, and users can insert their PGP public key into the form inside their accounts.
Once set up, BitMEX will encrypt and sign all the automated emails sent by you or to your account by the [[email protected]](mailto:[email protected]) email address. Users can also initiate secure conversations with the support team by using the email address and public key on the Technical Contact, and the team have made their automated system’s PGP key available for verification in their Security Section.
The platform’s trading engine is written in kdb+, a database and toolset used by leading financial institutions in high-frequency trading applications, and the speed and reliability of the engine is also used to perform a full risk check after every order placement, trade, settlement, deposit, and withdrawal.
All accounts in the system must consistently sum to zero, and if this does not happen then trading on the platform is immediately halted for all users.
With regards to wallet security, BitMEX makes use of a multisignature deposit and withdrawal scheme, and all exchange addresses are multisignature by default with all storage being kept offline. Private keys are not stored on any cloud servers and deep cold storage is used for the majority of funds.
Furthermore, all deposit addresses sent by the BitMEX system are verified by an external service that works to ensure that they contain the keys controlled by the founders, and in the event that the public keys differ, the system is immediately shut down and trading halted. The exchange’s security practices also see that every withdrawal is audited by hand by a minimum of two employees before being sent out.

BitMEX Customer Support

The trading platform has a 24/7 support on multiple channels, including email, ticket systems and social media. The typical response time from the customer support team is about one hour, and feedback on the customer support generally suggest that the customer service responses are helpful and are not restricted to automated responses.
https://preview.redd.it/8k81zl0a4cc41.jpg?width=808&format=pjpg&auto=webp&s=e30e5b7ca93d2931f49e2dc84025f2fda386eab1
The BitMEX also offers a knowledge base and FAQs which, although they are not necessarily always helpful, may assist and direct users towards the necessary channels to obtain assistance.
BitMEX also offers trading guides which can be accessed here

Conclusion

There would appear to be few complaints online about BitMEX, with most issues relating to technical matters or about the complexities of using the website. Older complaints also appeared to include issues relating to low liquidity, but this no longer appears to be an issue.
BitMEX is clearly not a platform that is not intended for the amateur investor. The interface is complex and therefore it can be very difficult for users to get used to the platform and to even navigate the website.
However, the platform does provide a wide range of tools and once users have experience of the platform they will appreciate the wide range of information that the platform provides.
Visit BitMEX
submitted by bitmex_register to u/bitmex_register [link] [comments]

Can ParamountDax Challenge Binance, Poloniex, and Bitfinex?

Can ParamountDax Challenge Binance, Poloniex, and Bitfinex?

https://preview.redd.it/cmgzvivop8y31.png?width=540&format=png&auto=webp&s=efae868fb8d23b08d126359e06ee28be02350325
Dear Community,
ParamountDax’s dream of becoming a cryptocurrency giant seems to become more achievable day by day, however, cryptocurrencies have noticeable challenges both at the technical and the social level, so let’s dive in.
The majority of well-known large exchanges have encountered unforeseen problems, for example, Binance, Bittrex, Poloniex.
ParamountDax is a promising platform for cryptocurrency exchange, which took into account all the flaws of its competitors and created a unique and comfortable platform for its users.
A few important steps before joining an exchange:
Reputation — reputation is always the major point, which defines the brand in general.
Security — is the second and very important way to identify the right platform, as it’s important to know your money is safe.
Fees — some bitcoin exchanges are taking a fee on every transaction like withdrawal, deposit, or trading, some of them are not. Choose the platform according to the kind of trader you are.
Payment Methods — every platform has different methods, make your own analysis and find out what fits you more.
Verification Requirements and Geographical Restrictions — are also important. Pay attention to this part before completing the registration.
Support — The best services offer 24/7 support.

BINANCE

About: Binance is a China-based cryptocurrency exchange that gives users access to a robust set of trading tools, charts, and security features. Following a successful initial coin offering (ICO), Binance began live trading in July 2017. By offering both Basic and Advanced exchange interfaces, Binance makes it easy for beginners to use.
Claims that: Low fees on transactions and withdrawals, Capable of processing 1.4 million transactions per second. Binance has a Basic and Advanced exchange view. Security: 2-FA and Google Authenticator to verify withdrawals. However, only Chinese phone numbers are supported for SMS 2-FA.
View MVP: f the few crypto exchanges licensed before its launch date, ParamountDax serves the real needs of the crypto community. In this respect, we created a highly proficient, stable and secure centralized hub for crypto assets. ParamountDax is a Fully — Developed from the scratch, ready-to-use product implemented as a modern-age crypto trading exchange. ParamountDax gives users access to a robust set of trading tools, Trading from the charts, Advanced Market Detector, Daily profit up to 46%, Unique Trading Interface, The simplicity and depth chart are certain to satisfy the needs of any trader at any experience level and security features.
About: As one of the few crypto exchanges licensed before its launch date, ParamountDax serves the real needs of the crypto community. In this respect, we created a highly proficient, stable and secure centralized hub for crypto assets. ParamountDax is a Fully — Developed from the scratch, ready-to-use product implemented as a modern-age crypto trading exchange. ParamountDax gives users access to a robust set of trading tools, Trading from the charts, Advanced Market Detector, Daily profit up to 46%, Unique Trading Interface,The simplicity and depth chart are certain to satisfy the needs of any trader at any experience level and security features.
Claims that: all features are on a single page without having to scroll down to the access order book, trade history, depth chart or other important information. Increase TPS from 100.000 to 1 million transactions per second, Low fees. Multi-language capabilities (it is does not matter what nationality a consumer is).
Security: Risk-Free, Unique security measurements for all users including insurances against hack and employee mistakes, cold wallet storage
POLONIEX
About: Poloniex launched in 2014 and is based out of Wilmington, Delaware, in the United States. Poloniex is a widely used exchange based in the US. It is the largest cryptocurrency exchange in terms of volume. Users can trade almost every crypto coin. It also presents unrestricted access to previous charts of cryptocurrencies.
Claims that: there are many features that experienced traders will appreciate. You can find a range of efficient data-analysis tools, along with very detailed charts that let you make educated decisions regarding trades. The high-volume nature of Poloniex also appeals to traders, particularly the ability to do lending and margin trading.
Security: Poloniex takes care of security in multiple ways. To keep hackers out, it stores the majority of customers’ deposits in air-gapped cold storage offline.

BITFINEX

About: since 2014, Bitfinex has emerged as one of the world’s leading bitcoin exchanges. Based in Hong Kong, the company first entered the market in 2012 and has enjoyed steady expansion ever since. In addition to bitcoin, it provides access to the world’s leading altcoins as well as full-spec wallet services.
Claims that: in addition to being widely recognized as the world’s largest bitcoin exchange, Bitfinex offers a customizable interface that allows you to personalize your workstation. The platform is fully equipped with margin trading and ten different order types that give you the opportunity to trade the market without limitation.
Security: because Bitfinex gets a lot of its liquidity from Tether, many people are concerned that the exchange might not be as financially secure as it claims to be. But it was not any precedents yet.
In Conclusion, ParamountDax offers new tools that satisfy the needs of any trader, which will set its standards for ideal trading. ParamountDax clients are able to count on the answer at their requests 24 hours 7 days a week. Other exchanges could keep silence a few months and the user will stay without helpful information.
The aim of the ParamountDax team is to meet worldwide demand.
Good luck! And see you soon!
Website : https://paramountdax.io/
View MVP : https://staging.paramountdax.com
And here’s how to get involved with the ParamountDax community:
Telegram : https://t.me/joinchat/LNehJxUX9sVoZabNrnaEZA
Twitter : https://twitter.com/ParamountDax
Facebook : https://www.facebook.com/Paramountdax-2024636494500768
Bitcointalk: https://bitcointalk.org/index.php?topic=5137789.0
Reddit: https://www.reddit.com/ParamountDax/
submitted by ParamountDax to ParamountDax [link] [comments]

Binance added Russian ruble support

Binance added Russian ruble support
https://preview.redd.it/im63di7rzm241.jpg?width=1000&format=pjpg&auto=webp&s=04c0f8adef5c25c5c1e864e414d014b3d3a02a7b
Binance is one of the largest crypto-exchanges in the world, which, thanks to innovative approaches, quickly took a leading position in the market. This year, the exchange launched margin trading with leverage and futures trading.
Now the Binance platform has launched a payment gateway that allows you to buy and sell cryptocurrencies for Russian rubles. The minimum purchase amount is only 1,000 rubles.
You can buy cryptocurrency in two ways:
  • Buy cryptocurrency using Simplex or Koinal wallet, paying for the transaction by Bank transfer via Visa or Mastercard. There is a 2.5% fee. The transfer may take up to 3 days.
  • You can replenish your Binance account through the AdvCash payment system and buy cryptocurrencies from the exchange's internal account. In this case, the funds arrive within a few minutes.
With the help of these wallets, you can withdraw rubles. Deposit and withdrawal using AdvCash is carried out without a fee. But that's not all. Now Binance supports other fiat currencies. You can also buy Bitcoin and altcoins for:
  • USD
  • EUR
  • CNY
  • TRY
  • UAH
  • KZT
  • NGN
  • INR
Trade-mate.io service provides automated trading on the Binance crypto exchange, as well as on Bitmex and Poloniex through the API. Traders can use trading signals provided by professionals, telegram channels or bots. For manual trading, the service provides an advanced Smart Trade function that supports trailing stop-loss and take-profit, due to which it is possible to maximize profit and reduce risks when trading cryptocurrencies.
submitted by mrhadow to matetrade [link] [comments]

Can ParamountDax Challenge Binance, Poloniex, and Bitfinex?

Can ParamountDax Challenge Binance, Poloniex, and Bitfinex?

https://preview.redd.it/2t4iq3nap8y31.png?width=540&format=png&auto=webp&s=db672be26a68254ca134670981873fe66c29d36c
Dear Community,
ParamountDax’s dream of becoming a cryptocurrency giant seems to become more achievable day by day, however, cryptocurrencies have noticeable challenges both at the technical and the social level, so let’s dive in.
The majority of well-known large exchanges have encountered unforeseen problems, for example, Binance, Bittrex, Poloniex.
ParamountDax is a promising platform for cryptocurrency exchange, which took into account all the flaws of its competitors and created a unique and comfortable platform for its users.
A few important steps before joining an exchange:
Reputation — reputation is always the major point, which defines the brand in general.
Security — is the second and very important way to identify the right platform, as it’s important to know your money is safe.
Fees — some bitcoin exchanges are taking a fee on every transaction like withdrawal, deposit, or trading, some of them are not. Choose the platform according to the kind of trader you are.
Payment Methods — every platform has different methods, make your own analysis and find out what fits you more.
Verification Requirements and Geographical Restrictions — are also important. Pay attention to this part before completing the registration.
Support — The best services offer 24/7 support.

BINANCE

About: Binance is a China-based cryptocurrency exchange that gives users access to a robust set of trading tools, charts, and security features. Following a successful initial coin offering (ICO), Binance began live trading in July 2017. By offering both Basic and Advanced exchange interfaces, Binance makes it easy for beginners to use.
Claims that: Low fees on transactions and withdrawals, Capable of processing 1.4 million transactions per second. Binance has a Basic and Advanced exchange view. Security: 2-FA and Google Authenticator to verify withdrawals. However, only Chinese phone numbers are supported for SMS 2-FA.
PARAMOUNTDAX
About: As one of the few crypto exchanges licensed before its launch date, ParamountDax serves the real needs of the crypto community. In this respect, we created a highly proficient, stable and secure centralized hub for crypto assets. ParamountDax is a Fully — Developed from the scratch, ready-to-use product implemented as a modern-age crypto trading exchange. ParamountDax gives users access to a robust set of trading tools, Trading from the charts, Advanced Market Detector, Daily profit up to 46%, Unique Trading Interface,The simplicity and depth chart are certain to satisfy the needs of any trader at any experience level and security features.
Claims that: all features are on a single page without having to scroll down to the access order book, trade history, depth chart or other important information. Increase TPS from 100.000 to 1 million transactions per second, Low fees. Multi-language capabilities (it is does not matter what nationality a consumer is).
Security: Risk-Free, Unique security measurements for all users including insurances against hack and employee mistakes, cold wallet storage
POLONIEX
About: Poloniex launched in 2014 and is based out of Wilmington, Delaware, in the United States. Poloniex is a widely used exchange based in the US. It is the largest cryptocurrency exchange in terms of volume. Users can trade almost every crypto coin. It also presents unrestricted access to previous charts of cryptocurrencies.
Claims that: there are many features that experienced traders will appreciate. You can find a range of efficient data-analysis tools, along with very detailed charts that let you make educated decisions regarding trades. The high-volume nature of Poloniex also appeals to traders, particularly the ability to do lending and margin trading.
Security: Poloniex takes care of security in multiple ways. To keep hackers out, it stores the majority of customers’ deposits in air-gapped cold storage offline.

BITFINEX

About: since 2014, Bitfinex has emerged as one of the world’s leading bitcoin exchanges. Based in Hong Kong, the company first entered the market in 2012 and has enjoyed steady expansion ever since. In addition to bitcoin, it provides access to the world’s leading altcoins as well as full-spec wallet services.
Claims that: in addition to being widely recognized as the world’s largest bitcoin exchange, Bitfinex offers a customizable interface that allows you to personalize your workstation. The platform is fully equipped with margin trading and ten different order types that give you the opportunity to trade the market without limitation.
Security: because Bitfinex gets a lot of its liquidity from Tether, many people are concerned that the exchange might not be as financially secure as it claims to be. But it was not any precedents yet.
In Conclusion, ParamountDax offers new tools that satisfy the needs of any trader, which will set its standards for ideal trading. ParamountDax clients are able to count on the answer at their requests 24 hours 7 days a week. Other exchanges could keep silence a few months and the user will stay without helpful information.
The aim of the ParamountDax team is to meet worldwide demand.
Good luck! And see you soon!
Website : https://paramountdax.io/
View MVP : https://staging.paramountdax.com
And here’s how to get involved with the ParamountDax community:
Telegram : https://t.me/joinchat/LNehJxUX9sVoZabNrnaEZA
Twitter : https://twitter.com/ParamountDax
Facebook : https://www.facebook.com/Paramountdax-2024636494500768
Bitcointalk: https://bitcointalk.org/index.php?topic=5137789.0
Reddit: https://www.reddit.com/ParamountDax/
submitted by ParamountDax to u/ParamountDax [link] [comments]

Can ParamountDax Challenge Binance, Poloniex, and Bitfinex?

Can ParamountDax Challenge Binance, Poloniex, and Bitfinex?

https://preview.redd.it/emo8c5oje9y31.png?width=540&format=png&auto=webp&s=ed486c8a0aecb1f1c1060b93575b01a20161c819
Dear Community,
ParamountDax’s dream of becoming a cryptocurrency giant seems to become more achievable day by day, however, cryptocurrencies have noticeable challenges both at the technical and the social level, so let’s dive in.
The majority of well-known large exchanges have encountered unforeseen problems, for example, Binance, Bittrex, Poloniex.
ParamountDax is a promising platform for cryptocurrency exchange, which took into account all the flaws of its competitors and created a unique and comfortable platform for its users.
A few important steps before joining an exchange:
Reputation — reputation is always the major point, which defines the brand in general.
Security — is the second and very important way to identify the right platform, as it’s important to know your money is safe.
Fees — some bitcoin exchanges are taking a fee on every transaction like withdrawal, deposit, or trading, some of them are not. Choose the platform according to the kind of trader you are.
Payment Methods — every platform has different methods, make your own analysis and find out what fits you more.
Verification Requirements and Geographical Restrictions — are also important. Pay attention to this part before completing the registration.
Support — The best services offer 24/7 support.

BINANCE

About: Binance is a China-based cryptocurrency exchange that gives users access to a robust set of trading tools, charts, and security features. Following a successful initial coin offering (ICO), Binance began live trading in July 2017. By offering both Basic and Advanced exchange interfaces, Binance makes it easy for beginners to use.
Claims that: Low fees on transactions and withdrawals, Capable of processing 1.4 million transactions per second. Binance has a Basic and Advanced exchange view. Security: 2-FA and Google Authenticator to verify withdrawals. However, only Chinese phone numbers are supported for SMS 2-FA.
ParamountDax
About: As one of the few crypto exchanges licensed before its launch date, ParamountDax serves the real needs of the crypto community. In this respect, we created a highly proficient, stable and secure centralized hub for crypto assets. ParamountDax is a Fully — Developed from the scratch, ready-to-use product implemented as a modern-age crypto trading exchange. ParamountDax gives users access to a robust set of trading tools, Trading from the charts, Advanced Market Detector, Daily profit up to 46%, Unique Trading Interface,The simplicity and depth chart are certain to satisfy the needs of any trader at any experience level and security features.
Claims that: all features are on a single page without having to scroll down to the access order book, trade history, depth chart or other important information. Increase TPS from 100.000 to 1 million transactions per second, Low fees. Multi-language capabilities (it is does not matter what nationality a consumer is).
Security: Risk-Free, Unique security measurements for all users including insurances against hack and employee mistakes, cold wallet storage
POLONIEX
About: Poloniex launched in 2014 and is based out of Wilmington, Delaware, in the United States. Poloniex is a widely used exchange based in the US. It is the largest cryptocurrency exchange in terms of volume. Users can trade almost every crypto coin. It also presents unrestricted access to previous charts of cryptocurrencies.
Claims that: there are many features that experienced traders will appreciate. You can find a range of efficient data-analysis tools, along with very detailed charts that let you make educated decisions regarding trades. The high-volume nature of Poloniex also appeals to traders, particularly the ability to do lending and margin trading.
Security: Poloniex takes care of security in multiple ways. To keep hackers out, it stores the majority of customers’ deposits in air-gapped cold storage offline.

BITFINEX

About: since 2014, Bitfinex has emerged as one of the world’s leading bitcoin exchanges. Based in Hong Kong, the company first entered the market in 2012 and has enjoyed steady expansion ever since. In addition to bitcoin, it provides access to the world’s leading altcoins as well as full-spec wallet services.
Claims that: in addition to being widely recognized as the world’s largest bitcoin exchange, Bitfinex offers a customizable interface that allows you to personalize your workstation. The platform is fully equipped with margin trading and ten different order types that give you the opportunity to trade the market without limitation.
Security: because Bitfinex gets a lot of its liquidity from Tether, many people are concerned that the exchange might not be as financially secure as it claims to be. But it was not any precedents yet.
In Conclusion, ParamountDax offers new tools that satisfy the needs of any trader, which will set its standards for ideal trading. ParamountDax clients are able to count on the answer at their requests 24 hours 7 days a week. Other exchanges could keep silence a few months and the user will stay without helpful information.
The aim of the ParamountDax team is to meet worldwide demand.
Good luck! And see you soon!
Website : https://paramountdax.io/
View MVP : https://staging.paramountdax.com
And here’s how to get involved with the ParamountDax community:
Telegram : https://t.me/joinchat/LNehJxUX9sVoZabNrnaEZA
Twitter : https://twitter.com/ParamountDax
Facebook : https://www.facebook.com/Paramountdax-2024636494500768
Bitcointalk: https://bitcointalk.org/index.php?topic=5137789.0
Reddit: https://www.reddit.com/ParamountDax/

1

submitted by ParamountDax to Crypto_ICO_Investing [link] [comments]

Can ParamountDax Challenge Binance, Poloniex, and Bitfinex?

Can ParamountDax Challenge Binance, Poloniex, and Bitfinex?

https://preview.redd.it/rp85khq9d9y31.png?width=540&format=png&auto=webp&s=53f056a7439a462c872025ede47eaf5ebf87307f
Dear Community,
ParamountDax’s dream of becoming a cryptocurrency giant seems to become more achievable day by day, however, cryptocurrencies have noticeable challenges both at the technical and the social level, so let’s dive in.
The majority of well-known large exchanges have encountered unforeseen problems, for example, Binance, Bittrex, Poloniex.
ParamountDax is a promising platform for cryptocurrency exchange, which took into account all the flaws of its competitors and created a unique and comfortable platform for its users.
A few important steps before joining an exchange:
Reputation — reputation is always the major point, which defines the brand in general.
Security — is the second and very important way to identify the right platform, as it’s important to know your money is safe.
Fees — some bitcoin exchanges are taking a fee on every transaction like withdrawal, deposit, or trading, some of them are not. Choose the platform according to the kind of trader you are.
Payment Methods — every platform has different methods, make your own analysis and find out what fits you more.
Verification Requirements and Geographical Restrictions — are also important. Pay attention to this part before completing the registration.
Support — The best services offer 24/7 support.

BINANCE

About: Binance is a China-based cryptocurrency exchange that gives users access to a robust set of trading tools, charts, and security features. Following a successful initial coin offering (ICO), Binance began live trading in July 2017. By offering both Basic and Advanced exchange interfaces, Binance makes it easy for beginners to use.
Claims that: Low fees on transactions and withdrawals, Capable of processing 1.4 million transactions per second. Binance has a Basic and Advanced exchange view. Security: 2-FA and Google Authenticator to verify withdrawals. However, only Chinese phone numbers are supported for SMS 2-FA.
ParamountDax
About: As one of the few crypto exchanges licensed before its launch date, ParamountDax serves the real needs of the crypto community. In this respect, we created a highly proficient, stable and secure centralized hub for crypto assets. ParamountDax is a Fully — Developed from the scratch, ready-to-use product implemented as a modern-age crypto trading exchange. ParamountDax gives users access to a robust set of trading tools, Trading from the charts, Advanced Market Detector, Daily profit up to 46%, Unique Trading Interface,The simplicity and depth chart are certain to satisfy the needs of any trader at any experience level and security features.
Claims that: all features are on a single page without having to scroll down to the access order book, trade history, depth chart or other important information. Increase TPS from 100.000 to 1 million transactions per second, Low fees. Multi-language capabilities (it is does not matter what nationality a consumer is).
Security: Risk-Free, Unique security measurements for all users including insurances against hack and employee mistakes, cold wallet storage
POLONIEX
About: Poloniex launched in 2014 and is based out of Wilmington, Delaware, in the United States. Poloniex is a widely used exchange based in the US. It is the largest cryptocurrency exchange in terms of volume. Users can trade almost every crypto coin. It also presents unrestricted access to previous charts of cryptocurrencies.
Claims that: there are many features that experienced traders will appreciate. You can find a range of efficient data-analysis tools, along with very detailed charts that let you make educated decisions regarding trades. The high-volume nature of Poloniex also appeals to traders, particularly the ability to do lending and margin trading.
Security: Poloniex takes care of security in multiple ways. To keep hackers out, it stores the majority of customers’ deposits in air-gapped cold storage offline.

BITFINEX

About: since 2014, Bitfinex has emerged as one of the world’s leading bitcoin exchanges. Based in Hong Kong, the company first entered the market in 2012 and has enjoyed steady expansion ever since. In addition to bitcoin, it provides access to the world’s leading altcoins as well as full-spec wallet services.
Claims that: in addition to being widely recognized as the world’s largest bitcoin exchange, Bitfinex offers a customizable interface that allows you to personalize your workstation. The platform is fully equipped with margin trading and ten different order types that give you the opportunity to trade the market without limitation.
Security: because Bitfinex gets a lot of its liquidity from Tether, many people are concerned that the exchange might not be as financially secure as it claims to be. But it was not any precedents yet.
In Conclusion, ParamountDax offers new tools that satisfy the needs of any trader, which will set its standards for ideal trading. ParamountDax clients are able to count on the answer at their requests 24 hours 7 days a week. Other exchanges could keep silence a few months and the user will stay without helpful information.
The aim of the ParamountDax team is to meet worldwide demand.
Good luck! And see you soon!
Website : https://paramountdax.io/
View MVP : https://staging.paramountdax.com
And here’s how to get involved with the ParamountDax community:
Telegram : https://t.me/joinchat/LNehJxUX9sVoZabNrnaEZA
Twitter : https://twitter.com/ParamountDax
Facebook : https://www.facebook.com/Paramountdax-2024636494500768
Bitcointalk: https://bitcointalk.org/index.php?topic=5137789.0
Reddit: https://www.reddit.com/ParamountDax/

1

submitted by ParamountDax to IcoInvestor [link] [comments]

How poloniex seized my 400 ETH coll. during 7th and 8th

submitted by ksahcoin to ethtrader [link] [comments]

Bitcoin Cash: A Reflection on How Far We’ve Come

On August 1, Bitcoin resumed its original roadmap, scaling on-chain towards global adoption as Peer-to-Peer Electronic Cash.
It’s been just 3 and a half months since Bitcoin Cash broke away from BTC in order avoid a software mutation called Segwit, and to restore progress and growth to the ecosystem.
After a recent price rally that saw us reach 0.5 BTC ($3000), the reality is setting in that an overnight ‘flippening’ scenario that some people hoped for is unlikely, and that we have a longer road ahead.
It’s really important to remember how much has been achieved in such a short time.
Let’s take a moment to reflect on how far we’ve come as a young community.
July:
August:
September:
October:
November:
This rate and scale of industry adoption is unprecedented.
With every BTC holder receiving an equal amount of Bitcoin Cash, and with the price over $1300, the rate and scale of user adoption is unprecedented.
With fast, reliable transactions and fees that are less than 1 cent, and with both BitPay & Coinbase hinting at a full Bitcoin Cash integration, the rate and scale of merchant adoption will be unprecedented.
With unprecedented industry, user and merchant adoption, it’s only a matter of time until Bitcoin Cash becomes the default medium of exchange and store of value cryptocurrency.
The old Bitcoin is back. You can feel it. It’s the resurgence of a grassroots movement not seen for years. People are putting Bitcoin Cash posters in the streets, handing out leaflets, tipping strangers a few dollars online, and asking in forums how they can contribute to the community.
Just in the last couple of days a ‘Bitcoin Cash Fund’ was established, to assist with marketing and projects. The initial goal was $200 to make a short animated advert, but over $17,000 has been donated already. All of this positivity and energy is inspiring.
While businesses are being forced to abandon BTC due to exorbitant and skyrocketing fees (upwards of $10), they’re being cheered on every day as they embrace Bitcoin Cash.
The original vision is still alive. As an early bitcoiner, I’ve never been more optimistic.
Make sure you involve yourself in the community, we’re just getting started :)
Reddit: BTC or BitcoinCash
Twitter: twitter.com/BITCOINCASH
Website: bitcoincash.org
Dev: Mailing List
Also posted on Yours: Bitcoin Cash: A Reflection on How Far We’ve Come
submitted by cryptomic to btc [link] [comments]

The year 2019 is drawing to a close

The year 2019 is drawing to a close
Dear all, 🌞
The year 2019 is drawing to a close, and it's time to look at our achievements for the past year! Here are just a few of the things we did:
- Integrated new exchanges: Binance, Bitfinex, Bitmex, Poloniex, OKex, HitBTC, EXMO;
- Introduced a three-level referral system with rewards of up to 30%;
- Added marginal trading and an arbitrage bot;
- Reached the first 1000 downloads;
- Re-designed our website;
- Started working on our own neural network, called ONEX AI;
- Implemented a payment gateway that accepts payments in BTC
We have much more great stuff coming in 2020 – stay tuned!
🔵We are created for your profit
❤️ Onex Team
https://preview.redd.it/zvbzi8e39y741.jpg?width=2048&format=pjpg&auto=webp&s=9f91e7a8a751f3751c388d9fb033cc7dddfe2884
📌Guide https://oneexbit.com/docs/
🔹Website: https://oneexbit.com
🔹Twitter: https://twitter.com/Oneexbit1
🔹Telegram: https://t.me/oneexbit
🔹Discord: https://discord.gg/4QtsXck
🔹GitHub: https://github.com/oneexbit/oneexbit-release/
🔹Whitepaper: https://oneexbit.com/whitepaper-onex.pdf
🔹Medium: https://medium.com/@smmonex
🔹Reddit: https://www.reddit.com/usesmmoneexbit
🔹Bitcointalk: https://bitcointalk.org/index.php?topic=5129
submitted by smmoneexbit to u/smmoneexbit [link] [comments]

[Help me to Contact Poloniex] - Margin BUG – $40.000 Dissappeared

Ok guys, I hope the best but I want to contact Poloniex and I think this place could help me.
July 11: one of my positions in margin trading was in SHORT. Remember I was thinking were time to close, so I clicked in “CLOSE” button. After that, and as I did every time, I taken screenshot of my balances, my bitcoins in margin account and others coins more (valued at 13 bitcoins) dissappeared without reason. The short position at that time was closed with 0.30 bitcoins profit. Resume: -13.30 BITCOINS
So, I opened a ticket support to get help. I’m still waiting like most people here. If my account was secure, I could have more calm. I have some margin positions compromised.
July 12: at night, thanks to God, the system sent to my account 12 bitcoins without reason. I’m still missing 1.30 bitcoins from that operation.
But that did not end there. With the bictoins I bought other coins hoping it increase (I was looking charts) and with this gains re buy the last coins that poloniex system sold from my account. At that point with this 12 bitcoins I can’t buy again same coins at higher prices.
I continued doing some trdes with good profits, but in July 17 I opened a new SHORT position hoping the prices get down and based on my charts. ( you can look that prices fell from that day to today )
July 20: I closed the position again fom the “CLOSE” button. And for the grace of Poloniex the BUG happened again. YES ¡!! Second time. YES ¡!! The system took more and more money from my account margin at the same time I pushed the close button. Poloniex has more than 14 BITCOINS from my margin account in somewhere but under their control.
Imagine my face when I saw this situation again, my margin account changed form 60% to 40% in 2 seconds. I updated my ticket support again, I sent more updates but NO ONE person of Poloniex replied me. One guy (thanks to you if you are reading) spoke with his personal support of Poloniex about my situation and asked for help in my name, but no answers yet. I’m level 3 verified. I’m alone. No help, no answers, no respect.
I received some automated e-mails from Poloniex about my margin account when it was at 29 and 27%. By their fault my account is compromised.
July 23: still waiting for answers and help.
So, why I came here? I want to contact them. I want Poloniex to take this situation SERIOUSLY. (already I sent msg to Mike-Poloniex )
I have every screenshot, every history log of my trading account, everything to demostrate this BUG.
My account is destroyed, I sold others positions (exchange) with good returns to secure my margin and don't get liquidated. I really want they restore my account before this BUG happened.
I made every step here: https://www.reddit.com/CryptoSafety/comments/6l8988/having_trouble_with_poloniex/
August 9: Being Processed since 28 days 19 hours
Resume of my case: the system took from my account 13.30 bitcoins - 1st Time BUG - , 24hs after that the system sent to my account 12.49 bitcoins. - 2nd Time BUG - the system took 14 bitcoins and never return my money.
September 20: Being Processed since 78 days 11 hours
Proof of 1st BUG Where is my money?
Capture 1: http://imgur.com/a/q18yD Capture 2: http://imgur.com/a/8Kz5o Capture 3: http://imgur.com/a/VoKDw
Prooft of 2nd BUG updated 7/25/17
Capture 1: http://imgur.com/a/TQ3tT Capture 2: http://imgur.com/a/FnWII Capture 3: http://imgur.com/a/gcIk2
TICKET ID: #311123
Thanks to you for read, we can make the good things happens.
submitted by 13921 to CryptoCurrency [link] [comments]

Daily analysis of cryptocurrencies 20191102 (Market index 50 — Neutral state)

Daily analysis of cryptocurrencies 20191102 (Market index 50 — Neutral state)

https://preview.redd.it/skq8bar2r6w31.png?width=1920&format=png&auto=webp&s=7c2fae20cd1d9d670104ddb87c6cc80c5bbb345f

Crypto Custody Firm Xapo Initiated 5 Whale Transfers On Nov 1 Citing data from the Bejijing-based blockchain security company Chainsguard, the Bitcoin network witnessed multiple whale transfers on Nov 1. At 21:10:38 UTC on Nov 1, Xapo, a Bitcoin custody service provider, has conducted five whale transfers with the largest amount within one transfer marking up to 20,000 BTC. The total number of moved BTC in these transfers records 65822.01. Many of these BTC originated from the transfers of 4,999 to 10,000 BTC collected by Xapo on the Bitcoin chain at 19:19:49 and 19:32:12 on the same day. One of the main BTC sources initiated by the address starting with 37whD5 was crypto exchange Bitstamp. Previously, the above-mentioned exchange announced that its custodian would change to BitGo. Otherwise, Bitstamp had a great transfer with more than 110,000 BTC involved on October 15. At 20:53:20 on Nov 1, the wallet address beginning with 3AdpZc initiated a transfer of 5000 BTC to the exchange Poloniex. After analysis, the source can be traced back to the coins accumulated by Poloniex in March 2016. Generally speaking, the whale transfer carried out by institutions comes from the needs of business or customers. Sometimes, it is only the planned wallet management.
Utah To Facilitate Voting For Disabled Individuals Through Blockchains Recent reports indicate that blockchain technology will soon be used in Utah, as part of a trial project meant to allow disabled individuals to cast their votes. To put things into perspective, the local council and government of Utah have decided to allow blockchain-based voting via smartphones in the upcoming municipal election that will take place in November. The platform that disabled voters will be using for this election represents the result of a fruitful partnership between the Utah Country Elections Division, the National Cybersecurity Centre, Tusk Philanthropies and Voatz, a local voting app development company.
Ethereum To Increase The Blocksize By 8x Ethereum is partially addressing the many complexities of sharding by simply increasing the blocksize from the equivalent of about 1MB every ten minutes to circa 8MB. Danny Ryan, the Ethereum 2.0 coordinator, publicly said: “We are making the blocks bigger based on recent research on safe block size and propagation times, so the data availability of the system is still > 1MB/s so you can still get similar scalability gains when doing things like ZKrollup and OVM.” ZK rollups are a hybrid scaling method that combines on-chain security and second layer networks through smart contracts and zero knowledge methods. OVM is the Optimistic Virtual Machine from Plasma, with both being more sort of on top of Ethereum’s public blockchain.

During the first quarter of the year, Bitcoin was trapped inside a tight trading range, where major players began buying the fear of retail crypto investors and accumulating the asset at the lowest possible prices.
Starting in the second quarter, the first-ever crypto asset rocketed up from that trading range, and went on a parabolic rally that didn’t stop until Bitcoin met former bear market resistance at $14,000 where it was rejected.
After three consecutive red monthly candles in a row, October closed green and kept a potential bull flag formation on monthly price charts intact, giving bulls hope that the crypto asset’s 2019 rally isn’t totally finished.
Review previous articles: https://medium.com/@to.liuwen

Encrypted project calendar(November 2, 2019)

Kambria (KAT): 02 November 2019 VietAI Summit 2019 Kambria joins forces with VietAI for the annual VietAI Summit, with top experts from Google Brain, NVIDIA, Kambria, VietAI, and more! ABBC Coin (ABBC): 02 November 2019 One-on-one Servicer “Users will be provided with a new one-on-one service platform on Saturday.”

Encrypted project calendar(November 3, 2019)

Waltonchain (WTC): 03 November 2019 Premining Application End “Application for SMN & GMN $WTA pre-mining ends at 17:00 on Nov. 3 (UTC+8).”

Encrypted project calendar(November 4, 2019)

Stellar (XLM): 04 November 2019 Stellar Meridian Conf. Stellar Meridian conference from Nov 4–5 in Mexico City. Cappasity (CAPP): 04 November 2019 Lisbon Web Summit Lisbon Web Summit in Lisbon, Portugal from November 4–7. Aion (AION): 04 November 2019 CASCON x EVOKE 2019 CASCON x EVOKE 2019 from Nov 4–6 in Toronto. ThoreNext (THX): 04 November 2019 Migration/Swap Begins “4 Nov 2019 Migration/Swap/Issuance start Check Your email 1st Nov To facilitate a streamlined Process, we will use proprietary software…” Ocean Protocol (OCEAN): 04 November 2019 Blckchn for Science Party “Join us on Monday for bottles and (data) models at the official Blockchain for Science afterparty at @betahaus Factom (FCT): 04 November 2019 Grant Deadline “Have an idea you’ve been itching to build using #FactomProtocol? Apply for a grant (the deadline is November 4th):” Winding Tree (LIF): 04 November 2019 HackTravel London HackTravel London from November 4–6 in London.

Encrypted project calendar(November 5, 2019)

Nexus (NXS): 05 November 2019 Tritium Official Release “Remember, Remember the 5th of November, the day Tritium changed Distributed Ledger. Yes, this is an official release date.” NEM (XEM): 05 November 2019 Innovation Forum — Kyiv NEM Foundation Council Member Anton Bosenko will be speaking in the upcoming International Innovation Forum in Kyiv on November 5, 2019. TomoChain (TOMO): 05 November 2019 TomoX Testnet “Mark your calendar as TomoX testnet will be live on Tuesday, Nov 5th!” aelf (ELF): 05 November 2019 Bug Bounty Program Ends On Oct 24th, 2019 aelf’s biggest bug bounty will launch with a large reward pool. The event will run for almost 2 weeks. ICON (ICX): 05 November 2019 Seoul Meetup “We are pleased to announce that the ICON x Steem DApp SEOUL MEETUP will be held in the ICON Lounge on November 5th.” Utrust (UTK): 05 November 2019 Lisbon Meetup “We’re hosting a meetup for anyone interested in blockchain & crypto adoption! Industry leaders like Cointelegraph, BetProtocol & others…” Siacoin (SC): 05 November 2019 Zurich Meetup “Join us Tuesday, Nov 5th in Zurich for a Sia meetup with CEO David, and devs Chris and PJ at @impacthubzurich.” OKB (OKB): 05 November 2019 Simulation USDT Futures “NEW LAUNCH: The much-awaited $USDT-Margined Futures Trading will soon be available on #OKEx… Simulation launching Nov 5”

Encrypted project calendar(November 6, 2019)

STEEM/Steem: The Steem (STEEM) SteemFest 4 conference will be held in Bangkok from November 6th to 10th. KIM/Kimcoin: Kimcoin (KIM) Bitfinex will be online at KIM on November 6, 2019 at 12:00 (UTC). Nebulas (NAS): 06 November 2019 Burn Deadline “Be sure to read this announcement & burn your $NAT by November 6th, 3:00p.m. (UTC+8, Beijing time).” Power Ledger (POWR): 06 November 2019 Book Launch ATTN Perth Power Ledger community, we will be hosting renowned economist Ross Garnaut at our WA office for the launch of his latest book…

Encrypted project calendar(November 7, 2019)

XRP (XRP): 07 November 2019 Swell 2019 Ripple hosts Swell from November 7th — 8th in Singapore. BTC/Bitcoin: Malta The A.I. and Blockchain summit will be held in Malta from November 7th to 8th. Waves (WAVES): 07 November 2019 Joins Odyssey “#Waves is joining Odyssey… We’re kicking off on Nov. 7 at Polaris…” Komodo (KMD) and 1 other: 07 November 2019 Block Party Amsterdam Block Party Amsterdam in Amsterdam from 17:30–22:00. Horizen (ZEN): 07 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.

Encrypted project calendar(November 8, 2019)

BTC/Bitcoin: The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th. IOTX/IoTeX: IoTex (IOTX) will participate in the CES Expo on November 08 TOP (TOP): 08 November 2019 Mainnet Launch “So excited to announce that on November 8th, TOP Network will officially launch the mainnet…” OKB (OKB): 08 November 2019 OKEx Talks — Valencia “Meet us at our next OKEx Talks in Valencia on 8 Nov with speaker Gustavo Segovia @sepu85 who will look at the benefits of creating

Encrypted project calendar(November 9, 2019)

CENNZ/Centrality: Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland. HTMLCOIN (HTML): 09 November 2019 (or earlier) Mandatory Wallet Update Mandatory Wallet Update: there will be a soft fork on our blockchain. This update adds header signature verification on block 997,655.

Encrypted project calendar(November 11, 2019)

PAX/Paxos Standard: Paxos Standard (PAX) 2019 Singapore Financial Technology Festival will be held from November 11th to 15th, and Paxos Standard will attend the conference. Crypto.com Coin (CRO): and 3 others 11 November 2019 Capital Warm-up Party Capital Warm-up Party in Singapore. GoldCoin (GLC): 11 November 2019 Reverse Bitcoin Hardfork The GoldCoin (GLC) Team will be “Reverse Hard Forking” the Bitcoin (BTC) Blockchain…” Horizen (ZEN): 11 November 2019 (or earlier) Horizen Giveaway — Nodes Horizen Giveaway — Win Free Node Hosting! Entries before November 11th.

Encrypted project calendar(November 12, 2019)

BTC/Bitcoin: The CoinMarketCap Global Conference will be held at the Victoria Theatre in Singapore from November 12th to 13th Binance Coin (BNB) and 7 others: 12 November 2019 CMC Global Conference “The first-ever CoinMarketCap large-scale event: A one-of-a-kind blockchain / crypto experience like you’ve never experienced before.” Aion (AION) and 17 others: 12 November 2019 The Capital The Capital conference from November 12–13 in Singapore. Loom Network (LOOM): 12 November 2019 Transfer Gateway Update “If you have a dapp that relies on the Transfer Gateway, follow the instructions below to make sure you’re prepared.”

Encrypted project calendar(November 13, 2019)

Fetch.ai (FET): 13 November 2019 Cambridge Meetup “Join us for a @Fetch_ai #Cambridge #meetup on 13 November @pantonarms1.” Binance Coin (BNB) and 5 others: 13 November 2019 Blockchain Expo N.A. “It will bring together key industries from across the globe for two days of top-level content and discussion across 5 co-located events…” OKB (OKB): 13 November 2019 Dnipro, Ukraine- Talks Join us in Dnipro as we journey through Ukraine for our OKEx Cryptour on 11 Nov. Centrality (CENNZ): 13 November 2019 AMA Meetup “Ask our CEO @aaronmcdnz anything in person! Join the AMA meetup on 13 November in Singapore.” OKB (OKB): 13 November 2019 OKEx Cryptotour Dnipro “OKEx Cryptour Ukraine 2019 — Dnipro” in Dnipro from 6–9 PM (EET).

Encrypted project calendar(November 14, 2019)

BTC/Bitcoin: The 2019 BlockShow Asia Summit will be held at Marina Bay Sands, Singapore from November 14th to 15th. Binance Coin (BNB): and 4 others 14 November 2019 BlockShow Asia 2019 BlockShow Asia 2019 at Marina Bay Sands Expo, Singapore from November 14–15. Basic Attention Token (BAT): 14 November 2019 London Privacy Meetup “If you’re in London on Nov. 14th, don’t miss our privacy meetup! The Brave research team, our CPO @johnnyryan, as well as @UoE_EFI Horizen (ZEN): 14 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA. IOTA (MIOTA): 14 November 2019 Berlin Meetup From Construction to Smart City: IOTA, Maschinenraum & Thinkt Digital will explain, using concrete use cases, how to gain real value from.. Dash (DASH): 14 November 2019 Q3 Summary Call “Dash Core Group Q3 2019 Summary Call — Thursday, 14 November 2019” NEO (NEO): 14 November 2019 NeoFest Singapore Meetup “Glad to have @Nicholas_Merten from DataDash as our host for #NeoFest Singapore meetup on 14th Nov!”

Encrypted project calendar(November 15, 2019)

TRON (TRX): 15 November 2019 Cross-chain Project “The #TRON cross-chain project will be available on Nov. 15th” Bluzelle (BLZ): 15 November 2019 (or earlier) CURIE Release CURIE release expected by early November 2019. Zebi (ZCO): 15 November 2019 ZEBI Token Swap Ends “… We will give 90 days to all the ERC 20 token holders to swap out their tokens into Zebi coins.” OKB (OKB): 15 November 2019 OKEx Talks — Vilnius “Join us for a meetup on 15 Nov (Fri) for our 1st ever Talks in Vilnius, Lithuania.”

Encrypted project calendar(November 16, 2019)

Bancor (BNT): and 2 others 16 November 2019 Crypto DeFiance-Singapore “Crypto DeFiance is a new global DeFi event embracing established innovators, financial market disruptors, DApp developers…” NEM (XEM): 16 November 2019 Developer’s Event “BLOCKCHAIN: Creation of Multifirma services” from 10:50 AM — 2 PM.

Encrypted project calendar(November 17, 2019)

OKB (OKB): 17 November 2019 OKEx Talks — Lagos Join us on 17 Nov for another OKEx Talks, discussing the “Life of a Crypto Trader”.

Encrypted project calendar(November 18, 2019)

Maker (MKR): 18 November 2019 MCD Launch “BIG changes to terminology are coming with the launch of MCD on Nov. 18th Say hello to Vaults, Dai, and Sai.”

Encrypted project calendar(November 19, 2019)

Lisk (LSK): 19 November 2019 Lisk.js “We are excited to announce liskjs2019 will take place on November 19th. This all day blockchain event will include…”

Encrypted project calendar(November 20, 2019)

OKB (OKB): 20 November 2019 OKEx Cryptour Odessa Ukr “Join us in Odessa as we journey through Ukraine for our OKEx Cryptour!”

Encrypted project calendar(November 21, 2019)

Cardano (ADA): and 2 others 21 November 2019 Meetup Netherlands (AMS) “This meetup is all about how to decentralize a blockchain, the problems and differences between Proof-of-Work and Proof-of-Stake…” Cappasity (CAPP): 21 November 2019 Virtuality Paris 2019 “Cappasity to demonstrate its solution for the interactive shopping experience at Virtuality Paris 2019.” Horizen (ZEN): 21 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA. OKB (OKB): 21 November 2019 OKEx Talks — Johannesburg “Join us the largest city of South Africa — Johannesburg where we will host our OKEx Talks on the 21st Nov.” IOST (IOST): 22 November 2019 Singapore Workshop Join the Institute of Blockchain for their 2nd IOST technical workshop in Singapore on 22 Nov 2019. The workshop includes IOST’s key tech. OKB (OKB): 22 November 2019 St. Petersberg Talks “Join us in St. Petersberg on 22 Nov as we answer your questions on Crypto Security. “

Encrypted project calendar(November 22, 2019)

IOST (IOST): 22 November 2019 Singapore Workshop Join the Institute of Blockchain for their 2nd IOST technical workshop in Singapore on 22 Nov 2019. The workshop includes IOST’s key tech OKB (OKB): 22 November 2019 St. Petersberg Talks “Join us in St. Petersberg on 22 Nov as we answer your questions on Crypto Security. “

Telegram: https://t.me/Lay126
Twitter:https://twitter.com/mianhuai8
Facebook:https://www.facebook.com/profile.php?id=100022246432745
Reddi:https://www.reddit.com/useliuidaxmn
LinkedIn:https://www.linkedin.com/in/liu-wei-294a12176/
submitted by liuidaxmn to u/liuidaxmn [link] [comments]

Bitcoin Cash: A Reflection on How Far We’ve Come

On August 1, Bitcoin resumed its original roadmap, scaling on-chain towards global adoption as Peer-to-Peer Electronic Cash.
It’s been just 3 and a half months since Bitcoin Cash broke away from BTC in order avoid a software mutation called Segwit, and to restore progress and growth to the ecosystem.
After a recent price rally that saw us reach 0.5 BTC ($3000), the reality is setting in that an overnight ‘flippening’ scenario that some people hoped for is unlikely, and that we have a longer road ahead.
It’s really important to remember how much has been achieved in such a short time.
Let’s take a moment to reflect on how far we’ve come as a young community.
July:
August:
September:
October:
November:
This rate and scale of industry adoption is unprecedented.
With every BTC holder receiving an equal amount of Bitcoin Cash, and with the price over $1300, the rate and scale of user adoption is unprecedented.
With fast, reliable transactions and fees that are less than 1 cent, and with both BitPay & Coinbase hinting at a full Bitcoin Cash integration, the rate and scale of merchant adoption will be unprecedented.
With unprecedented industry, user and merchant adoption, it’s only a matter of time until Bitcoin Cash becomes the default medium of exchange and store of value cryptocurrency.
The old Bitcoin is back. You can feel it. It’s the resurgence of a grassroots movement not seen for years. People are putting Bitcoin Cash posters in the streets, handing out leaflets, tipping strangers a few dollars online, and asking in forums how they can contribute to the community.
Just in the last couple of days a ‘Bitcoin Cash Fund’ was established, to assist with marketing and projects. The initial goal was $200 to make a short animated advert, but over $17,000 has been donated already. All of this positivity and energy is inspiring.
While businesses are being forced to abandon BTC due to exorbitant and skyrocketing fees (upwards of $10), they’re being cheered on every day as they embrace Bitcoin Cash.
The original vision is still alive. As an early bitcoiner, I’ve never been more optimistic.
Make sure you involve yourself in the community, we’re just getting started :)
Reddit: BTC or BitcoinCash
Twitter: twitter.com/BITCOINCASH
Website: bitcoincash.org
Dev: Mailing List
Also posted on Yours: Bitcoin Cash: A Reflection on How Far We’ve Come
submitted by cryptomic to Bitcoincash [link] [comments]

Cryptocurrency and Blockchain – Industry News – (07.05.19 – 07.12.19)

Total Market Cap, as of 07.12.19 at 12:00pm (PST): U.S. $320,641,857,854 (+ 0.47%)

Missed last week’s update? Click here

STORY OF THE WEEK

• Japanese cryptocurrency exchange Bitpoint has suspended services due to a 3.5 billion-yen (U.S. $32 million) hack on its hot wallets. Of the 3.5 billion yen, 2.5 billion were customer funds.

CRYPTOCURRENCY TRADING SERVICES

KuCoin launches KuMEX, a platform offering bitcoin derivatives (perpetual contracts) with leverage up to 20x.
Shapeshift launches custodial platform to allow users to trade crypto whilst having full custody of his/her own private keys.
• On July 8th, 2019, Polish crypto exchange BitMarket abruptly shuts down citing liquidity issues.
Binance lowers ethereum and erc-20 block confirmations down from 30 to 12 for deposits and withdrawals to and from the platform. Bitcoin transactions are down from 2 to 1.
Poloniex launches fiat-to-crypto trading and credit card purchases for crypto.
Binance launches margin trading for Bitcoin (BTC), Binance Coin (BNB), Ethereum (ETH), XRP, Tether (USDT), and Tron (TRX). The platform will initially support up to 3x leverage, with the intention to eventually offer up to 20x leverage.

REGULATION

India’s Ministry of Home Affairs to offer specialized trading sessions dubbed “Investigation of Cases Involving Cryptocurrencies” to help law enforcement combat cryptocurrency related scams.
The Inland Revenue Authority of Singapore (IRAS) proposes a Goods and Sales Tax (GST) exemption scheduled to go into effect on January 1st, 2020 for cryptocurrencies that are designed as a medium of exchange.
Blockstack becomes the first to receive approval from the U.S. Securities and Exchange Commission (SEC) to move forward with its token offering under a Reg A+ listing.
• Amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act of Canada require Canadian and foreign platforms dealing with cryptocurrency to implement full-scale compliance procedures and to report all deposits and withdrawals that are CA $10,000 or more.

TECHNOLOGY

Samsung releases an ethereum software development kit (SDK) for android developers. The kit provides tools to make it easier to build decentralized applications and the ability to leverage a payment gateway for cryptocurrency remittances.

INSTITUTIONALIZATION

• No significant developments this week pertaining to institutional players in the space

PEOPLE

Fidelity Digital Assets updates its hiring board to onboard 10 blockchain based job positions. Specifically, the firm is looking for a vice president, director, leading software engineer, blockchain software engineer, product designer and various other roles.
Bitstamp hires ex. Gemini compliance executive Caitlin Barnett to serve as its new U.S. Chief Compliance Officer.

TWITTER

@realDonaldTrump– “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity....”
@jespow – “If you study crypto, you will find much to agree with. Crypto is about personal responsibility and choice. It is about free markets and competition. It is about mathematical, verifiable, perfectly enforceable regulation. Crypto is to commerce what Twitter is to speech: democracy.”
@APompliano – “It’s a store of value” — Jerome Powell, Chairman of the Federal Reserve talking to the Senate Banking Committee about Bitcoin THE VIRUS IS SPREADING
submitted by Edmund_N to CryptoMarkets [link] [comments]

Cryptocurrency and Blockchain – Industry News – (07.05.19 – 07.12.19)

Total Market Cap, as of 07.12.19 at 12:00pm (PST): U.S. $320,641,857,854 (+ 0.47%)

Missed last week’s update? Click here

STORY OF THE WEEK

• Japanese cryptocurrency exchange Bitpoint has suspended services due to a 3.5 billion-yen (U.S. $32 million) hack on its hot wallets. Of the 3.5 billion yen, 2.5 billion were customer funds.

CRYPTOCURRENCY TRADING SERVICES

KuCoin launches KuMEX, a platform offering bitcoin derivatives (perpetual contracts) with leverage up to 20x.
Shapeshift launches custodial platform to allow users to trade crypto whilst having full custody of his/her own private keys.
• On July 8th, 2019, Polish crypto exchange BitMarket abruptly shuts down citing liquidity issues.
Binance lowers ethereum and erc-20 block confirmations down from 30 to 12 for deposits and withdrawals to and from the platform. Bitcoin transactions are down from 2 to 1.
Poloniex launches fiat-to-crypto trading and credit card purchases for crypto.
Binance launches margin trading for Bitcoin (BTC), Binance Coin (BNB), Ethereum (ETH), XRP, Tether (USDT), and Tron (TRX). The platform will initially support up to 3x leverage, with the intention to eventually offer up to 20x leverage.

REGULATION

India’s Ministry of Home Affairs to offer specialized trading sessions dubbed “Investigation of Cases Involving Cryptocurrencies” to help law enforcement combat cryptocurrency related scams.
The Inland Revenue Authority of Singapore (IRAS) proposes a Goods and Sales Tax (GST) exemption scheduled to go into effect on January 1st, 2020 for cryptocurrencies that are designed as a medium of exchange.
Blockstack becomes the first to receive approval from the U.S. Securities and Exchange Commission (SEC) to move forward with its token offering under a Reg A+ listing.
• Amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act of Canada require Canadian and foreign platforms dealing with cryptocurrency to implement full-scale compliance procedures and to report all deposits and withdrawals that are CA $10,000 or more.

TECHNOLOGY

Samsung releases an ethereum software development kit (SDK) for android developers. The kit provides tools to make it easier to build decentralized applications and the ability to leverage a payment gateway for cryptocurrency remittances.

INSTITUTIONALIZATION

• No significant developments this week pertaining to institutional players in the space

PEOPLE

Fidelity Digital Assets updates its hiring board to onboard 10 blockchain based job positions. Specifically, the firm is looking for a vice president, director, leading software engineer, blockchain software engineer, product designer and various other roles.
Bitstamp hires ex. Gemini compliance executive Caitlin Barnett to serve as its new U.S. Chief Compliance Officer.

TWITTER

@realDonaldTrump– “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity....”
@jespow – “If you study crypto, you will find much to agree with. Crypto is about personal responsibility and choice. It is about free markets and competition. It is about mathematical, verifiable, perfectly enforceable regulation. Crypto is to commerce what Twitter is to speech: democracy.”
@APompliano – “It’s a store of value” — Jerome Powell, Chairman of the Federal Reserve talking to the Senate Banking Committee about Bitcoin THE VIRUS IS SPREADING 🔥”
submitted by Edmund_N to CryptoCurrency [link] [comments]

Beginner’s Guide to Exchanges – Part 1

Beginner’s Guide to Exchanges – Part 1

Hola Compadres! It is me u/poop_dragon here with another guide. Today I would like to run through a list of ETH exchanges. This is just Part 1 of this list, and it covers established exchanges. Soon I will post Part 2 and 3 which will go into some other types of exchanges (derivative markets, coin converters, decentralized, and foreign exchanges) Side note, I have given rating to these exchanges based on some comparisons, news, and information which I have found online. Recently, EVERY exchange has been slow/unresponsive in their customer service due to the huge influx of new users. My intention is to help educate new users about the exchanges available. I am not trying to discredit, advertise, pump up, or damage reputations. If you feel something is inaccurate, please respectfully bring it up in the comments. I will be editing as we go. Last thing of note, I have only included the lowest level trading tier to calculate trading fees, which assumes the highest rates. Most exchanges offer lower fees for bigger orders, but I have gone with the assumption that everyone here is not dropping whale amounts of cash.

00 – Concepts and Definitions

01 –Digital Exchanges

Poloniex

Exchange Type Maker Taker
All Currencies .15% .25%
Feature Details
2FA Google Authenticator Available
Wallet Security ‘Majority’ of Funds in cold storage
Personal Information Encrypted and Stored Off-Site
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Level 1 X X $2,000 USD Daily Withdrawal Limit
Level 2 X X X X X X $7,000 USD Daily Withdrawal Limit
Level 3 X X X X X X $25,000 USD Daily Withdrawal Limit
Level 4 X X X X X X X X >$25,000 USD Daily Withdrawal Limit
What is a KYC? It stands for Know Your Customer Documentation. This varies between exchanges. However, like most things, if you have to ask, you probably can’t afford it.

Bittrex

Exchange Type Maker Taker
All Currencies .25% .25%
Feature Details
2FA Google Authenticator Available
Wallet Security Multi-stage wallet Majority’ of Funds in cold storage
Personal Information IP Whitelisting restricts trading from new addresses
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Basic X X X 3 BTC or less daily
Enhanced X X X X X X 100 BTC or less daily

02– Fiat Exchanges - USA

Coinbase (GDAX)

Country Credit/Debit Linked Bank Account Wire Transfer
Australia 3.99% - -
Canada 3.99% - -
Europe 3.99% 1.49% SEPA- Free (€0.15)
Singapore 3.99% 1.49% -
UK 3.99% - SEPA Free (€0.15)
US 3.99% 1.49% $10 Deposit / $25 With / ACH Free
Exchange Type Maker Taker
ETH/FIAT 0% .30%
ETH/BTC 0% .30%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Level 1 X X X
Level 2 X X X X X Crypto Only
Level 3 X X X X X X X Fiat Enabled
Level 4 X X X X X X X X Higher Fiat Limits
Feature Details
2FA Google Authenticator, Authy, SMS
Wallet Security 98% Assets in Cold Storage
Personal Information 3rd Party Verified, Secured, Stored Offline
Digital Currency Insurance Fully Insured by Lloyd’s of London
Fiat Insurance Up to $250,000 by FDIC
Bug Bounty Multiple bounties up to $10,000

Kraken

Country Linked Bank Account Wire Transfer
EUR Free SEPA €5-10 (€0.09 Withdrawal)
US Free SWIFT $10 ($60 Withdrawal)
UK Free SWIFT £10 (£60 Withdrawal)
CAN Free SWIFT Free ($10 Withdrawal)
Exchange Type Maker Taker
ETH/FIAT .16% .26%
ETH/BTC .16% .26%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Level 0 X No Trading Allowed
Level 1 X X X X No Fiat, Unlimited Crypto
Level 2 X X X X Fiat $2,000Day/$10,000Mo
Level 3 X X X X X X Fiat $25,000Day/$200,000Mo
Level 4 X X X X X X X X Fiat $100,000Day/$500,000Mo
Feature Details
2FA Google Authenticator, Master Key Available
Wallet Security Majority Assets in Cold Storage
Personal Information PGP Encrypted Emails, Global Settings Lock
Digital Currency Insurance Maintain Full Reserves
Bug Bounty Multiple bounties

Gemini

Country Linked Bank Account Wire Transfer
USD Free Free
Exchange Type Maker Taker
ETH/ALL .10-.25% .25%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Individual X X X X X X X None - Except for ACH
Feature Details
2FA Google Authenticator, Authy Available
Hot Wallet Security Hot Wallet Hosted by Amazon Web Services
Cold Wallet Stored in 2 tiers of cold and 'cryo' multi-sig storage
Personal Information Encrypted in Transit and Stored Offline
Digital Currency Insurance Fidelity bond by 'top-tier insurance company'
Fiat Insurance Up to $250,000 by FDIC

03– Fiat Exchanges - Hong Kong

Bitfinex

Country Credit/Debit Bank Transfer Express Bank Transfer
ALL - .1% ($20 Minimum) 1% ($20 Minimum)
Exchange Type Maker Taker
ETH/ALL .10% .20%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Individual X X X X X X (2) X X No Stated Limits
Feature Details
2FA Google Authenticator, Twilio Available
Account Security New IP Addresses locked for 24 hours, require verification and detection
System Security Hosted and Backed-up on Linux, protection from DDoS
Personal Information Email encryption with OpenPGP
Wallet Security Only .5% of funds are stored in hot wallets
EDIT : Thank you to u/Ginger_Bearded_Man for the suggestion. Bittrex has been added.
submitted by poop_dragon to ethtrader [link] [comments]

How To Trade Bitcoin with Crypto Exchange Poloniex POLONIEX. Trading and Orders. How To Trade on Poloniex Poloniex a Tradingview Tools I Use to Trade on Poloniex

Crypto Margin Trading: This involves buying some units of a cryptocurrency at a particular value and selling later when the value increases. Crypto Lending: This involves lending a hand to other verified traders of the Poloniex platform who may be shorthanded crypto wise, the borrower returns the amount with interest. A unique feature that Poloniex offers is its margin trading/lending options. Poloniex is widely considered the best margin trading experience on the market. You have 3 different accounts on Poloniex: exchange, margin trading, and margin lending. Each of the funds are separate but can easily be transferred into another account. Avoid margin trading on Poloniex. I was one of those guys who thought Poloneix was a good exchange until I ran my head into a brick wall due to not only their terrible support but buggy exchange software. ... Using Reddit. help Reddit App Reddit coins Reddit premium Reddit gifts Communities Top Posts. Terms Content policy ... Get in, trade, cash out, repeat. Buy Bitcoin with your credit and debit card from your Poloniex wallet. Put your crypto wallet to good use with 100+ spot trading pairs and 25+ margin trading pairs. View Listed Assets Trade on Margin A maintenance margin is the minimum amount of equity that must remain in a margin trading account. It is expressed as a percentage of the total current market value of all the assets held. To put it a different way, your equity is the current market value of all the assets you own, minus the margin loan borrowed from the exchange.

[index] [714] [472] [159] [431] [285] [386] [16] [703] [637] [307]

How To Trade Bitcoin with Crypto Exchange Poloniex

In this CoinStaker.com Video, we show you how to make money by margin lending on the Poloniex Exchange. For more information on Lending: https://www.coinstak... Margin trading on Poloniex - Duration: 6:45. Dominic Tascarella 15,450 views. 6:45. How to Trade Options on Robinhood for Beginners in 2020 ... Wanna trade crypto? https://www.binance.com/?ref=15193962 Wanna leverage trades? https://www.bitmex.com/register/e655oo Wanna trade stocks with crypto? https... A quick guide to margin trading on Poloniex - Duration: 4:06. Circle 2,766 views. 4:06. The Secret Code Of Successful MACD Trading (Strategies Included) - Duration: 11:31. The following video shows how to trade on Poloniex. Once logged in, you will land on the default page. In the top left corner, you will see the menu with options to switch to “exchange ...

#