![]() | submitted by mPrestige to revain_org [link] [comments] 4. Transaction FeesTransferring funds across the blockchain and withdrawing them from Bittrex costs a fee for customers, with the rate unique for every coin.Bittrex Global charges no commission for deposits. Please keep in mind that some tokens or cash may be required to perform a transaction by a crypto coin or token’s community. Bittrex crypto exchange can’t keep away from it. Every token or coin has a blockchain transaction fee that is built in it, and the Bittrex fee is a small amount to cover this charge. You can view the fee percentage for every coin or token by clicking Withdrawal near to the coin. There you will see a transaction fee you will be charged for withdrawing a specific coin or token. In the example below, the withdrawal fee amounts to 1 USDT https://preview.redd.it/209uz2p64zh51.jpg?width=974&format=pjpg&auto=webp&s=9ee9355c4d75d41931a3073b8a230bd1ffddaf08 The transaction fee for Bitcoin came to 0.00050000 BTC https://preview.redd.it/vh7zbe884zh51.jpg?width=974&format=pjpg&auto=webp&s=e6293650b46a7e0ba661478bd2467471b8b213f9 5. Trading FeesThe fee schedule below provides the applicable rate based on the account's 30-Day Volume and if the order is a maker or taker.Bittrex Global Fee30 Day Volume (USD)MakerTaker$0k - $50k0.2%0.2%$50k - $1M0.12%0.18%$1M - $10M0.05%0.15%$10M - $60M0.02%0.1%$60M+0%0.08%>$100MContact TAM representative Trading expenses are incurred when an order is prepared by means of the Bittrex worldwide matching engine. While an order is being executed, the purchaser and the vendor are charged a rate primarily based on the order’s amount. The fee charged by Bittrex exchange is calculated by the formula amount * buy rate * fee. There aren't any charges for placing an order which is not being executed so far. Any portion of an unfinished order will be refunded completely upon order cancelation. Prices vary depending on the currency pair, monthly trade volume, and whether the order is a maker or taker. Bittrex reserves the right to alternate fee quotes at any time, including offering various discounts and incentive packages. Monthly VolumeYour buying and selling volume affects the fee you pay for every order. Our expenses are built to encourage customers who ensure liquidity in the Bittrex crypto exchange markets. Your buying and selling charges are reduced according to your trade volume for the last 30 years in dollars.Bittrex calculates the 30-day value every day, updating every account's volume calculation and buying and selling charge between of 12:30 AM UTC and 01:30 AM UTC every day. You can check your monthly trade volume by logging in and opening Account > My Activity. https://preview.redd.it/n1djh2ob4zh51.jpg?width=974&format=pjpg&auto=webp&s=2eebb9c9ac63de207c4dd2e49bc45aeb53a8dec8 6. Withdrawing FundsWithdrawing any type of funds is likewise simple. You can profit by buying and selling Bitcoin, Ether, or any other cryptocurrency.You determine the crypto address—to which the amount will be credited—and the transaction amount. The withdrawal fee will be automatically calculated and shown right away. After confirming the transaction, the finances will be sent to the specified addresses and all that you need to do is to wait for the community to confirm the transaction. If the 2FA is enabled, then the user receives a special code (via SMS or application) to confirm the withdrawal. 7. How to Trade on Bittrex GlobalCurrency selling and buying transactions are performed using the Sell and Buy buttons, accordingly.To begin with, the dealer selects a currency pair and sees a graph of the rate dynamics and different values for the pair. Below the chart, there is a section with orders where the user can buy or sell a virtual asset. To create an order, you just need to specify the order type, price, and quantity. And do not forget about the 0.25% trade fee whatever the quantity. For optimum profit, stay with liquid assets as they can be quickly sold at a near-market rate effective at the time of the transaction. Bittrex offers no referral program; so buying and selling crypto is the easiest way to earn. https://preview.redd.it/hopm6fih4zh51.jpg?width=1302&format=pjpg&auto=webp&s=68c0aaae86f64c3e6b9d351c3df2a9c331f94038 Order TypesBittrex helps you alternate Limit and Stop-Limit orders.A limit order or a simple limit order is performed when the asset fee reaches—or even exceeds—the price the trader seeks. To execute such an order, it is required that there's a counter market order on the platform that has the identical fee as the limit order. Differences between Limit Order and Stop Limit OrderA stop limit order is a mixture of a stop limit order and a limit order. In such an application, charges are indicated—a stop charge and the limit.Stop Limit Order Purposehttps://preview.redd.it/hlxvy9ti4zh51.jpg?width=1141&format=pjpg&auto=webp&s=064a77459a4dcb4555a885cbc56629aae10fc38bTrade TerminalLet’s discuss how you could trade conveniently with our service.The key features include a user-friendly interface and precise currency pair statistics (timeframe graphs, network data, trade volumes, and so forth). The platform’s top-notch advantage is handy, easy-to-analyze, customizable charts. There is also a column for quick switching between currency pairs and an order panel beneath the fee chart. Such an all-encompassing visual solution helps compare orders efficiently and in one place. You can use the terminal in a day or night mode; when in the night mode, the icon in the upper-right corner changes and notice the Bittrex trading terminal in night mode is displayed. The main menu consists of 4 sections: Markets, Orders, Wallets, Settings. Markets are the trade section. Bittrex allows handling over 270 currency pairs. Orders. To see all open orders, go to Orders → Open. To see completed orders, go to Orders → Completed. Wallets. The Wallets tab displays many wallets for all cryptocurrencies supported by the exchange and the current balance of each of them. After refilling the balance or creating a buy or sale order, you will see all actions in the section. Bittrex allows creating a separate wallet for every coin. Additionally, you can see how the coin price has changed, in terms of percentage, throughout the day. Here’s what you can also do with your wallets:
How to SellThe process of selling crypto assets follows the same algorithm. The only difference is that after choosing the exchange direction, you need to initiate a Sell order. All the rest is similar: you select the order type, specify the quantity and price, and click Sell *Currency Name* (Sell Bitcoin in our case).If you scroll the screen, the entire history of trades and orders will be displayed below. LONG and SHORTYou can make a long deal or a short deal. Your choice depends on whether you expect an asset to fall or rise in price.Long positions are a classic trading method. It concerns purchasing an asset to profit when its value increases. Long positions are carried out through any brokers and do not require a margin account. In this case, the trader’s account must have enough funds to cover the transaction. Losses in a long position are considered to be limited; no matter when the trade starts, the price will not fall below zero with all possible errors. Short positions, in contrast, are used to profit from a falling market. A trader buys a financial instrument from a broker and sells it. After the price reaches the target level, the trader buys back the assets or buys them to pay off the initial debt to the broker. A short position yields profit if the price falls, and it is considered unprofitable the price matches the asset value. Performing a short order requires a margin account as a trader borrows valuable assets from a broker to complete a transaction. Long transactions help gain from market growth; short from a market decline. Trade via APIBittrex also supports algorithmic trading through extensive APIs (application programming interface), which allows you to automate the trading process using third-party services.To create an API key, the user must enable the two-factor authentication 2FA, verify their account, and log in to the site within 3 minutes. If all the requirements of the system are fulfilled, you can proceed to generate the API key. Log in to your Bittrex account, click Settings. Find API Keys. Click Add new key (Create a new key). Toggle on / off settings for READ INFO, TRADE, or WITHDRAW, depending on what functionality you want to use for our API key. Click Save and enter the 2FA code from the authenticator → Confirm. The secret key will be displayed only once and will disappear after the page is refreshed. Make sure you saved it! To delete an API key, click X in the right corner for the key that you want to delete, then click Save, enter the 2FA code from the authenticator and click Confirm. Bittrex Bot, a Trader’s AssistantRobotized programs that appeared sometimes after the appearance of cryptocurrency exchanges save users from monotonous work and allow automating the trading process.Bots for trading digital money work like all the other bots: they perform mechanical trading according to the preset parameters. Currently, one of Bittrex’s most popular trading bots is Bittrex Flash Crash Buyer Bot that helps traders profit from altcoin volatility without missing the right moment. The program monitors all the market changes in the market every second; also, it even can place an order in advance. The Bittrex bot can handle a stop loss—to sell a certain amount of currency when the rate changes in a favorable direction and reaches a certain level. 8. Secure PlatformBittrex Global employs the most reliable and effective security technologies available. There are many cases of theft, fraud. It is no coincidence that the currency is compared to the Wild West, especially if we compare the 1800s when cowboys rushed to the West Coast of America to earn and start something new in a place that had no rules.Cryptocurrency is still wild. One can earn and lose money fast. But Bittrex has a substantial security policy thanks to the team’s huge experience in security and development for companies such as Microsoft, Amazon, Qualys, and Blackberry. The system employs an elastic, multi-stage holding strategy to ensure that the majority of funds are kept in cold storage for extra safety. Bittrex Global also enables the two-factor authentication for all users and provides a host of additional security features to provide multiple layers of protection. Bittrex cold wallet: https://bitinfocharts.com/en/bitcoin/address/385cR5DM96n1HvBDMzLHPYcw89fZAXULJP How to Pass IP VerificationTo ensure higher security of your Bittrex Global account, the system requires all users to approve each new IP address through an email confirmation. This IP verification procedure is required every time you attempt to log in from a new IP Address.Confirming your IP address. https://preview.redd.it/rnl730z75zh51.jpg?width=971&format=pjpg&auto=webp&s=bd13fba0a844ab01cadc40003f5ea5de7439cbf9 The new IP address must be confirmed from the device that you are using to access Bittrex Global. This means that you must follow the CLICK HERE TO LOGIN link in an email on the device that you want to use to access your account. https://preview.redd.it/tq9eje795zh51.jpg?width=607&format=pjpg&auto=webp&s=160b2ebfd1b9e0a287d4d2b99017dd45518ef2f7 To ensure even more security, Bittrex Global supports whitelisting of IP addresses and Crypto addresses. These two features can help protect the account in the event of credentials or API key loss. How to Add IP Address to WhitelistBy setting one or more whitelisted addresses, you are telling Bittrex Global to only authorize trades or withdrawals from those IPs. This concerns both the global.bittrex.com web interface and API-based trades or withdrawals. To do this, click IP Whitelist in Site Settings.https://preview.redd.it/m2klahja5zh51.jpg?width=971&format=pjpg&auto=webp&s=7cfb941ecb5284973baed1a2b0301459e36a0ab6 How to Add Crypto Address to WhitelistBy setting a withdrawal address, you are telling Bittrex Global to authorize withdrawals only to that address.This concerns both the global.bittrex.com web interface and API based withdrawals. Note that when opting into this feature, you need to specify a withdrawal address would like to withdraw funds from for every currency. To do this, click Withdrawal Whitelist in the Site Settings section. The example below shows a BTC address. https://preview.redd.it/yrror8zd5zh51.jpg?width=974&format=pjpg&auto=webp&s=179dd7da9f6e59d3fca628cbfcd2c3962562f911 AfterwordBittrex Global is a reliable and advanced platform for trading digital assets with a respected reputation, long history, and active market presence and development nowadays. The exchange is eligible to be used globally, including the US and its territories.The legal component of Bittrex Global is one of the most legitimate among numerous crypto-asset exchanges. The Bittrex team has had great ambitions and managed to deliver promises and more. The exchange staff comprises forward-thinking and exceptional individuals whose success is recognized in the traditional business and blockchain sector. Bittrex's purpose is to be the driving force in the blockchain revolution, expanding the application, importance, and accessibility of this game-changing technology worldwide. The exchange fosters new and innovative blockchain and related projects that could potentially change the way money and assets are managed globally. Alongside innovation, safety will always be the main priority of the company. The platform utilizes the most reliable and effective practices and available technologies to protect user accounts. Bittrex customers have always primarily been those who appreciate the highest degree of security. Because of the way the Bittrex trading platform is designed, it can easily scale to always provide instant order execution for any number of new customers. Bittrex supports algorithmic trading and empowers its customers with extensive APIs for more automated and profitable trading. One of the common features which is not available on the exchange is margin trading. No leverage used however adds up to the exchange's stability and prevents fast money seekers and risky traders from entering the exchange. Bittrex is a force of the blockchain revolution and an important entity of the emerging sector. The full version First part Second part |
![]() | submitted by SwipeWallet to Swipe_io [link] [comments] https://preview.redd.it/a11cg5yp9ye51.jpg?width=700&format=pjpg&auto=webp&s=1ec7fff44ff576485bd4934db7ec25380227aa84 Binance and the Swipe team have committed to a total of 100,000 SXP and 50,000 USDT in prizes to be won as a thank you to our users worldwide, for their continued support and to also celebrate the Swipe acquisition and SXP/USDT listing in Futures, Margin and Spot markets. Competition period: 2020/08/05 0:00 AM to 2020/08/12 0:00 AM (UTC) Promotion A: NEW USER EXCLUSIVE rewardsAll users that register a new Binance account during the competition period and complete one of these three tasks will each win a 10 SXP reward. Rewards will be distributed on a first-come, first-served basis to the first 2,000 users that meet requirements and ranked by their registration time.
Promotion B: SXP Trading Competition — 80,000 SXPThe top 30 users will share a pool of 80,000 SXP based on the proportion of each user‘s total effective crypto trading volume within the top 30 users’ total effective trading volume during the competition period.This includes buys and sells across the SXP/USDT spot market only. Reward Calculation: The reward for each user in the top 30 = (Each user’s total effective trading volume / Top 30 users’ total effective trading volume) × 80,000 SXP Promotion C: Lucky 99 — Trade SXP, get 500 USDT back!Users ranked 99th, 199th, 299th, 399th, and so forth until the 9999th place of the top 10,000 SXP traders based on their trading volume (including buys and sells) during the competition period will get a 500 USDT reward for each.This includes buys and sells across the SXP/USDT margin/futures/spot markets only. --- |
![]() | submitted by BithumbGlobal to BithumbGlobal [link] [comments] https://preview.redd.it/1gxrid018qg51.png?width=1024&format=png&auto=webp&s=095b4c3d53440600f847dfcdde7680859f1ae38d “Blockchain is interesting. And some blockchain ventures look promising. Anyhow, I don’t plan on investing with my half-baked knowledge about the project.” This is probably the most frequent response from investors when asked about blockchain and crypto investments. Want to venture into crypto investment but just can’t seem to keep up with the hard to crack terms and rules? Don’t worry. We have got it sorted out for you. Bithumb Global is launching a learning zone named BG Learning with an aim to foster premium projects and give back to our community for their overwhelming support throughout these years. By signing up for our BG Learning, you can learn more about the project in question and collect project tokens as rewards for your level of understanding. BG Learning will be an interactive platform where discussions on premium blockchain projects are held to create a buzz around the project. A variety of content-rich Q&A sections will be hosted on the platform from time to time giving users the opportunity to learn in detail about new blockchain ventures. This way, investors can get their doubts cleared from experts and take the plunge into blockchain investment without falling prey to traps, hoaxes, and misunderstandings. If you are new to blockchain, BG Learning will be an ideal place for you to get started. So, how does BG Learning really work? Let’s take a look. The Voting Form On BG Learning, the voting event consists of a series of questions related to the blockchain projects listed on the program. Users have to learn about the project prior to the voting event and answer the questions correctly. If so, the user’s votes will be taken into account and rewards will be given accordingly. But if the user fails to give the right answers to the questions, the votes will be discredited and the user earns no tokens as a result. How are Votes Calculated? In the voting events, the basis of the number of votes allocated will be the assets held by Bithumb Global users and the amount they have transacted on the platform. However, low commission rate market maker accounts will be excluded. The number of votes a user is eligible to cast is determined as follows: The total number of votes a user is eligible to = number of votes given for asset holdings + the number of votes given for the total transaction amount on the platform. Where, A. The number of votes users are awarded on account of their asset holdings is calculated as the average of their net asset holdings in the account 14 days before the voting. This includes spot assets and margin trading assets, excludes borrowed assets in margin trading. = [Total value of BTC, ETH & USDT holdings / 200*1 + Total value of the tokens holdings other than BTC, ETH and USDT/200*0.5] B. For every 100USD transaction made in the 14 days before the voting event, the user is eligible for one vote. Let us take a real-life example to explain this better. The average of net assets held by Mr. Jake in the 14 days before the voting event are -
Thus, the total number of votes Mr. Jake will be eligible to = (The value of BTC, ETH, and USDT / 200 * 1) + (The value of tokens other than BTC, ETH, and USDT / 200 * 0.5) + ( total transactions made in the past 14 days / 100* 1) = (410/200) + (620/200*0.5) + (465/100) = 2.05 + 1.55 + 4.65 = 2 + 2 + 5 = 9 votes. Please note that if we come across any discrepancies or receive complaints regarding the transactions and holdings and they are confirmed to be true, we reserve the right to cancel the votes. The final interpretation of the calculation of votes and tokens will be made by Bithumb Global. Rewards Learning about the blockchain ventures will help you make the right investment decision. The reward-based system followed on BG Learning will motivate investors to get to know about the projects they are going to invest in before committing any mistake due to a lack of understanding. Once the voting event is wrapped up, a definite amount of project tokens will be airdropped for the users. If your voting event had gone great and you had answered the questions correctly, you will get your share of reward tokens. The airdropped tokens will be distributed among users who had answered correctly based on the proportion of their votes to the total votes in the event. For instance, a voting event had 50 votes in total. If 5000 tokens are airdropped and you were eligible for 5 votes, your share of tokens will be, 5000 * 5/50 = 500 tokens. Come, Be a Part of BG Learning The massive interest seen in cryptocurrency trading in the wake of the economic downturn owing to the global pandemic is only set to increase with each passing day. However, like any other assets, crypto trading is also fraught with risks. However, the risk:reward ratio in case of cryptocurrency trading is much more than traditional assets. That makes it more exciting and difficult to crack. However, with BG learning, we endeavor to make blockchain investing informative and fun, so that you can invest in promising blockchain projects with a full understanding and with a high level of confidence. This will eventually enhance your chances of earning handsome profits. BG Leaning Season 1 Launches — MANTRA DAO MANTRA DAO leverages the wisdom of the crowd to create a community-governed, transparent, and decentralized ecosystem for web 3.0. Built on Parity Substrate for the Polkadot ecosystem, MANTRA DAO focuses on staking and lending to give financial control back to the people to grow wealth together. Check out more on >> https://www.bithumb.pro/en-us/learning |
![]() | submitted by CoinExcom to Coinex [link] [comments] https://preview.redd.it/jsj4gs06rzb51.png?width=700&format=png&auto=webp&s=72c3fc62c735fc28ac53a05c1f7a0f7b68b91706 Dear CoinEx users, last week was full of events in CoinEx ecosystem. Coin listings, ongoing trading events, ecosystem expanding as usual. That week also experienced the worst twitter hack ever. Fortunately, CoinEx was one of the few major crypto related accounts that was not affected. In this recap, we collected major events that took place over the last week in CoinEx. Join The DeFi Train And Share $20khttps://preview.redd.it/3k7fc7s8rzb51.png?width=680&format=png&auto=webp&s=fe5748ec3d282bbdb28360ab62117982c8305944As DeFi continues to shine and gain more attention, CoinEx has launched new campaign to reward its users. Duration: July 15, 2020 — July 24, 2020 (UTC) Tokens Involved: LINK, SNX, COMP, REN, KNC More information CoinEx ListingsProviding more and better investment/trading options have always been of great importance to the CoinEx team. For this reason, more coins, particularly centered on DeFi, were listed after rigorous reviews.Bitshares (BTS)https://preview.redd.it/70tmsnjbrzb51.jpg?width=1080&format=pjpg&auto=webp&s=e73fa8a335f20430ab49706a764c0a527c17ce09Bitshares (BTS), formerly known as ProtoShares, is a peer-to-peer distributed ledger and network that can issue collateralized market-pegged smart coins known as bitAssets. Bitshares was created by Dan Larimer, the co-founder of eosio, Steemit, and Cryptonomex. BitShares also has its own decentralized exchange. BTS was listed alongside with a trading event divided into two categories. Event Details Event 1: Deposit to share 60,000 BTS Duration: 3:00 July 14–16:00 July 20, 2020 (UTC) Event 2: Trade to share 40,000 BTS Duration: 3:00 July 17–16:00 July 20, 2020 (UTC) About BTS Website | Explorer | White paper Listing and Trade Event Details Numerai (NMR)https://preview.redd.it/1jedhoaerzb51.png?width=680&format=png&auto=webp&s=30ebbdd4018ceeb0535cce431f66e9d62a4f7a3eNumerai is a framework to help you automate your weekly submission workflow with your own infrastructure. Use the numerai-cli to provision your infrastructure, and deploy your pre-trained model as a server that listens for new tournament data, runs your model and uploads the predictions back to Numerai. About NMR Website | Explorer Listing Details TikTok Video Campaignhttps://preview.redd.it/1r2namigrzb51.jpg?width=700&format=pjpg&auto=webp&s=821fdb95344f5089f891831cd154daa66872b941Test your creativity and win in the CoinEx TikTok challenge. Lots of fantastic prizes are waiting for you! https://preview.redd.it/46qtmsyirzb51.jpg?width=538&format=pjpg&auto=webp&s=34a8c93454e0b7e938ba88b51c576e4045d0fb0d CoinEx Announces Support For Avalanche Mainnethttps://preview.redd.it/io3rjy5lrzb51.png?width=700&format=png&auto=webp&s=76fee6e68e1b6dde25bd6337d64d7fbceb5c0add Avalanche is an open-source platform for launching highly decentralized applications, new financial primitives, and new interoperable blockchains. Upon its Mainnet launch, CoinEx will support AVAX for trading, starting with AVAX/BTC & AVAX/USDT pairs. A trading event will be held also to reward users. Details ONT/VET/NEO/TRX for ONG/VTHO/GAS Staking Reward PaidCoinEx holders of the mentioned coins received their staking rewards for the month of June.Hold & get staking incentives 1. Hold NEO and get GAS 2. Hold ONT and get ONG 3. Hold VET and get VTHO Allocation time July 15,2020 For more details on the calculation, please click here. Suspension And Resumption of Perpetual Contract TradingPerpetual contract trading was suspended to carry out system upgrade. This was done to provide traders with better trading experience.Upgrade duration: 10:00–10:05, July 17, 2020 (UTC) About this upgrade: Once it is completed, the price precision of BTCUSD Contract will be changed from 0.5 to 0.1 NODE MAINTENANCESuspension And Resumption Of Deposit And Withdrawal Of Affected Projects
Important
ABOUT CoinExAs a global and professional cryptocurrency exchange service provider, CoinEx was founded in December 2017 with Bitmain-led investment and has obtained a legal license in Estonia. It is a subsidiary brand of the ViaBTC Group, which owns the fifth largest BTC mining pool, which is also the largest of BCH mining, in the world.CoinEx supports perpetual contract, spot, margin trading, and other derivatives trading, and its service reaches global users in nearly 100 countries/regions with various languages available, such as Chinese, English, Korean and Russian. Click here to register on CoinEx! Website: https://www.coinex.com/ Twitter: https://twitter.com/coinexcom Telegram: https://t.me/CoinExOfficialENG |
![]() | Established in 2018, MXC has become a one-stop service provider. It is now able to provide users spot, margin, contract, leveraged ETF, Index Products, Contract, PoS Staking, OTC services. submitted by SimonZhu666 to MXCexchange [link] [comments] It emerges as one of the fastest growing exchanges in the world. In 2019, the daily trading volume of MXC took 5% of the world’s digital market. Besides, leveraged ETF products on MXC took lion share in the world of the same kind of products based on data from CryptoRank. On top of that, It obtained regulation-compliance licenses in many countries, like U.S., Canada, Australia, etc. and is able to carry out digital asset service in these countries. https://preview.redd.it/xmdorlqtjt951.png?width=1298&format=png&auto=webp&s=b791ee9dc47ff43cca9bf281cacbc05a61fa2632 In the aspect of OTC trading, MXC established partnership with Simplex, a European regulation-compliance payment company, and Banxa, a legal payment company in South-east Asia, allowing users to use Visa and Mastercard to buy cryptocurrencies, like BTC, ETH, etc. directly. In the aspect of spot trading, MXC now support over 200 trading pairs. In addition to the top market cap coins and token, it has listed many high-quality DeFi projects, like COMP, MKR, SNX, KNC, LEND, REN, BNT, IDEX, SWTH, OKS, RUNE, KAVA, BAL, UMA, etc. as well as projects of Polkadot ecosystem, like KSM, EDG, PCX, RING, etc. In the aspect of margin trading, MXC supports the largest number of margin pairs among all exchanges across the globe, with 2 – 10x leverage available. The automatic loan and repayment functions are available. With the coming of the upgraded margin system, the depth, price difference, loan efficiency and matching efficiency have greatly updated. In the aspect of leveraged ETF, MXC, learned from traditional financial products, introduced in re-balance system, so there’s no liquidation risks in buying leveraged ETF products. Leveraged ETF tracks the changes of the underlying assets with 3x leverage. “3L” products refer to 3x long, while “3S” products 3x short. Now it 3x leverage for 29 cryptocurrencies, including BTC, BCH, BSV, DASH, ZEC, ATOM, XTZ, ALGO, etc. In the extreme market on March 12, 2020, BTC plummeted a high of 52.36% and the ordinary 3x leverage products for BTC plunged by 157.08%. However, with the re-balance system, the BTC3L product on MXC decreased by 92.96%, lower than the ordinary 3x leverage products and protect the interest of users in some extent. Furthermore, in the following market, the BTC3L product rose by 236%, higher than the 167.41% of ordinary 3x leverage product. The leveraged ETF once became the label of MXC, "Huobi's OTC, OKex’s contract, MXC’s ETF and Binance's spot." The popularity of leveraged ETFs has attracted many exchanges to follow suit. In terms of index products, MXC officially launched index products under the ETF zone, including decentralized storage asset index, mainstream cryptocurrency index, DeFi asset index, public chain index, 2020 halving cryptocurrency index. MXC index products are similar to traditional financial fund products, and each index product is composed of multiple constituent cryptocurrencies. According to the announcement, the MXC Index product will be adjusted according to the average daily turnover ratio of the previous 30 days, that is, the proportion of the component cryptocurrency will be adjusted. If the target does not meet the representativeness and investability, the index may be removed from the product. Decentralized storage combination components are STORJ, LAMB, GNX, BLZ; mainstream currency combination, components are BTC, ETH, LTC, EOS, ETC, BCH, BSV, XRP; DeFi asset components are KNC, ZRX, KAVA, NEST; Public chain combination, the components are TRX, VET, NEO, QTUM, BTM, ONT, IOST; halving index components are BTC, ETC, BCH, BSV, ZEC, DASH. Index products can help users not miss the bull market. Any one of the constituent cryptocurrencies increase, the user can make gains. Secondly, it can help avoid the risk of a single cryptocurrency’s plunging. In addition, it can also help save investment time and improve investment efficiency. In terms of contract transactions, MXC upgraded the contract trading system and launched a new version of the contract in June this year. MXC contract trading currently supports free adjustment of 1-100x leverage multiples. In the isolated margin mode, users can still adjust the leverage multiples after opening a position, and support isolated margin conversion to cross margin, which can help users pursue the market with all their strength. It supports users to place stop profit and stop loss orders at the same time, while occupying only one margin. It supports Post Only (Maker only) and IOC (Immediately or cancel all) strategies. Under Post Only (Maker only), the user will not immediately place an order on the market when placing an order, to ensure that the order is always Maker (pending order), saving handling fees. IOC function, that is, if the order cannot be fully executed, the rest will be cancelled. For example, the BTC price index of MXC selects the bitcoin spot prices of 6 exchanges, namely: Coinbase, Bitstamp, Binance, Huobi, OKEx, Bitfinex. If the spot price of an exchange deviates from the median of all exchanges by ±3%, the spot price of the exchange is calculated according to the median of ±3%. Use reasonable prices for liquidation, which are based on index prices. In addition, underlined proper nouns on the webpage, as long as the mouse points up, the corresponding explanation will be displayed, which is convenient for users to understand. In terms of PoS pools, MXC supports three types of PoS: Saving, Staking and Lending. Among them, PoS saving does not need to lock assets, and holding assets can obtain income. |
![]() | HUOBI GLOBALA GLOBAL CRYPTOCURRENCY LEADER SINCE 2013https://preview.redd.it/vj0kjfa6zay41.png?width=602&format=png&auto=webp&s=730841e36308f723e27b28e394dc2259a7d5d150 Its an exchange we can trust and trade on. Its packed with state of the art features and tools which any trader would love. It helps a trader to get so many products under a single umbrella. A single Huobi Account gives way to so many opportunities no one wants miss out. Its the most secured exchange in the world, in its operations since 2013 it has not been hacked and has user protection fund amounting to 20000 BTC. It always emphasizes on user safety and customer protection, thats what I love the most. Customer satisfaction has been its prime motto since its inception. We should give it a try as its always filled with lots of promotions and rewards for trading and participating in activities. Lets take a look deeply how this exchange offers so much innovative and state of the products and how it fares compared with other top exchanges. As a world-leading company in Blockchain industry, Huobi Group was founded in 2013 with a mission to making breakthroughs in core Blockchin technology and the integration of Blockchain technology and other industries. Huobi Group has expanded in to public chain, digital assets trading and wallet, mining pool, proprietary investment, incubation, Digital Asset Research etc., and established a global digital economy industry ecosystem, by investing in over 60 upstream and downstream companies in the Blockchain industry. Huobi Group is working with Argentina, Russia, Thailand, Nigeria and many other countries on the development of Blockchain technology and real world Blockchain applications. Since its establishment, Huobi Group has been financed by ZhenFund and Sequoia. As a digital assets service provider, Huobi is far ahead of its competitors in establishing a global network of licences. It has over 1300 employees and established subsidiary companies and partnership companies in 12 counties, including the US, Japan, Thailand, Gibraltar, etc. The Huobi team is dedicated to providing safe, professional, trustworthy, and world class services to its global clients across 130+ countries. Core Strengths of Huobi A World Class Security System · Secure and reliable class services · Six years of experience in digital asset services · Decentralized structure and anti-DDOS protection system Local Operation Teams across the Globe · Global Ecological Layout · Local trading service centers in many countries around the world · Blockchain ecosystem featuring integration of multiple business forms Remodelling the Crypto Exchange · Users first · Develop compensation first system · Develop User Protection Fund (20,000 BTC) Now let’s take a look at the Exchange and its features https://preview.redd.it/qoo3u6gezay41.png?width=602&format=png&auto=webp&s=ea22a9512fb6b6e4c8309cab8611c60904b2e46b Huobi has one of the best UI for an exchange. Its really very smooth and easy to operate. It has integrated all the trading options and users can easily understand and operate it. The chart has all the options and function, it supports trading view also. Huobi OTC Huobi OTC Desk is an OTC (over-the-counter) trading service provided by Huobi Technology (Gibraltar) Co., Ltd for both institutional clients and individual clients with large trading volumes. This service allows our eligible clients to trade crypto-to-crypto and fiat-to-crypto pairs via request for quotes. Huobi OTC (otc.hbg.com) offers an exchange bridge between fiats and digital assets while Huobi Global (www.hbg.com) is a digital assets trading exchange that supports exchanges or investment services between various cryptocurrencies. Huobi OTC (otc.hbg.com), serving an affiliated website of Huobi Global (www.hbg.com), is a platform devoted to over-the-counter trades of digital assets. You can buy/sell your digital assets by posting a buy/sell advertisement on Huobi OTC and then complete transactions with the other party so as to exchange your digital assets with fiats. Huobi OTC offers an aggregated display of buying or selling info and the actual payment is transferred and completed offline.(In other words, Huobi OTC provides escrow on digital assets) Being an OTC digital asset platform with a leading turnover, Huobi delivers services to millions of users in over 130 countries with billions of daily turnover. Supporting fiat-crypto trading in many countries and seamless connecting to crypto-crypto trading, it provides trading of over 100 digital currencies. Being the first platform to deliver 7x24 customer support, it boasts professional services, rapid response and certified merchant security deposits to meet various demands. Huobi DM (Futures) Margin Trading Huobi Global launched Huobi Derivative Market (Huobi DM) exchange to selected countries. It provides margin trading, with very low daily loan interest rates of 0.1%. Margin Trading allows users to increase their investment exposure given a limited base principal to enjoy multiple returns. With the introduction of Cross Margin on Huobi, users will have to explicitly input the respective margin type before executing the above 3 steps. Balances on the Cross Margin balance does not show on the Isolated Margin balance. Huobi Futures Huobi Futures is a kind of digital currency derivatives. Users can make a profit from the rising/falling of digital currencies prices by going long or selling short based on their own judgment. The Huobi Futures Contract adopts spread delivery. When the contract expires, all open positions will be closed at the index-based last-hour arithmetic average price, instead of physical delivery. Weekly, bi-weekly and quarterly contracts are available in Huobi DM. Weekly contracts will be settled on imminent Friday; Bi-weekly contracts will be settled on next Friday; Quarterly contracts will be settled on the last Friday of March, June, September and December. Choices of leverage: 1x, 5x, 10x, 20x Huobi Perpetual Swap On March 27, Huobi DM announced it entered into the realm of Perpetual Swaps through its well-established Huobi Derivative Market (DM). Derivative trading has become a popular and lucrative way in the cryptocurrency space, and Perpetual Swaps, as a kind of derivative product, is another way for traders to arbitrage better positions. Perpetual Swaps are a form of futures contracts but there is no expiry date on these contracts. Similar to futures contracts, perpetual swaps are standardized contracts that allow traders to long a position to profit potentially from the increase of a digital asset’s price, or short a position to profit potentially from the decline of a digital asset’s price. However, there are some uniqueness in perpetual swaps. § No delivery and therefore no expiry date § Funding mechanism Settlement in every 8 hours There exist perpetual swaps already in crypto derivatives market. But what really makes Huobi’s Perpetual Swaps different at this launch is that they are a unique form of contract called inverse contract. Inverse perpetual contracts are also called coin-margined perpetual swaps which are quoted in USD but margined &settled in the given cryptocurrency. Besides, the perpetual swaps can offer greater flexibility of fund. Your profits and losses are realized and settled three times a day, allowing you to leave the game and allocate your fund for other uses almost any time you desire. Flexible leverage from 1x to 125x is also a plus on Huobi’s BTC perpetual swaps. Partial Liquidation Partial liquidation is a new mechanism that gradually reduces a user’s positions rather than liquidating them in full in a single event. With the new mechanism, the system will automatically start liquidating a user’s positions in stages—at predetermined margin ratios determined by the user’s calculated exposure—until the margin ratio reaches above zero. The liquidation process also includes a circuit breaker function that halts liquidation when large or unusual deviations between the liquidation price and market price are detected. All coins and leverages on Huobi DM are supported by partial liquidation, and the mechanism is available to users with no fees. Huobi DM also lowered its overall adjustment factor, also named maintenance margin ratio, a key liquidation indicator that directly impacts how margin ratios are calculated, to reduce the frequency of liquidation events. HUSD In order to maximize the value of stablecoins to meet the various trading needs of users, Huobi Global is now providing a comprehensive and integrated solution: HUSD. HUSD is a comprehensive solution for all stablecoins. Three advantages of HUSD
Huobi Prime, the Launchpad platform is unique as it is not a fundraising platform, and any coins purchased on the platform are immediately deposited into the users’ wallets and tradable on Huobi Global. Huobi Prime offers its users early access to the coins of premium projects, which can be bought using its native crypto currency, the Huobi Token. To avoid dumping, Huobi has implemented an innovative idea of a period of tiered price limits. Huobi FastTrack Huobit FastTrack, rebranded from Huobi Prime Lite, is a new listing model. Wherein, all participants will have a direct say in what projects are listed on Huobi Global and when. In addition, winning voters will get access to quality tokens at below market rates. The program also provides much needed exposure and a straightforward listing process. Huobi Wallet Huobi Wallet is a professional Multi-chain light wallet app from Huobi Group, the leading global digital asset exchange. Huobi Wallet leverages multiple blockchain security-related patents, including patents for security isolation and data encryption, to provide state of the art protection for digital assets assured by the Huobi Wallet Security Team. For more information, visit: www.huobiwallet.com. So far Huobi Wallet supports BTC, BCH, LTC, ETH, ETC, USDT and all ERC20 tokens. Huobi Chain Created in partnership with technical development partner Nervos, Huobi Chain provides a regulator-friendly blockchain framework for financial organizations to deploy DeFi services and applications, including their own blockchains, tokenized assets, payments and identity verification, lending services, decentralized exchanges, and more. Huobi ChatHuobi Chat is the social network service platform oriented towards the era of blockchain and an autonomous social network in the future. Huobi Chat combines the advantages of the social network, Huobi Group and global ecosystem platform. It is established with an aim to achieve free communication, fair incentives and interconnectivity of upstream and downstream industry in the digital assets society. Based on blockchain encryption and consensus mechanism, it can connect Users and partners, and provide the digital enthusiasts worldwide with social, sharing, markets, information, e-commerce, games, entertainment, and other one-stop services. Meanwhile, we introduce third-party content and service providers through the IM open platform to build the global ecology of Industry and activate the flow.Huobi Mining PoolAs a sub-brand of Huobi Group, Huobi Pool is an important component of Huobi’s global ecological strategy. It covers Staking business, POW business and public chain technical service provider. As the largest POS community in the Asia-Pacific region, a leading POW mining pool and a node for various public chains, Huobi Pool is dedicated to providing one-stop financial services and solutions for all types of token holders.Huobi launched HT Lock and Mine operations on 25th July 2019 (GMT+8). Users who lock HT tokens receive daily HPT rewards. Specific reward quantity will depend on lock option period selected, quantity locked and Huobi Pool’ s mining hash power and daily float. DPOS Rewards: All Huobi Global users with more than 1,000HPT holdings in their HBG account will receive DPOS mining rewards. Currently, token reward received under DPOS mining include EOS, TRX, CMT, ONG, IOST, ATOM, IRIS, LAMB。 Huobi Global: https://www.huobi.com/en-us/ Join Indian Group: https://t.me/huobiglobalindia Global telegram Channel: https://t.me/huobiglobalofficial Join Huobi by click here: https://www.huobi.com/en-us/topic/invited/?invite\_code=eyhj5 |
![]() | HUOBI GLOBALA GLOBAL CRYPTOCURRENCY LEADER SINCE 2013https://preview.redd.it/qeknttxd4by41.png?width=602&format=png&auto=webp&s=3434637627b38b0bc3741139b72c97ee96a2feba Its an exchange we can trust and trade on. Its packed with state of the art features and tools which any trader would love. It helps a trader to get so many products under a single umbrella. A single Huobi Account gives way to so many opportunities no one wants miss out. Its the most secured exchange in the world, in its operations since 2013 it has not been hacked and has user protection fund amounting to 20000 BTC. It always emphasizes on user safety and customer protection, thats what I love the most. Customer satisfaction has been its prime motto since its inception. We should give it a try as its always filled with lots of promotions and rewards for trading and participating in activities. Lets take a look deeply how this exchange offers so much innovative and state of the products and how it fares compared with other top exchanges. As a world-leading company in Blockchain industry, Huobi Group was founded in 2013 with a mission to making breakthroughs in core Blockchin technology and the integration of Blockchain technology and other industries. Huobi Group has expanded in to public chain, digital assets trading and wallet, mining pool, proprietary investment, incubation, Digital Asset Research etc., and established a global digital economy industry ecosystem, by investing in over 60 upstream and downstream companies in the Blockchain industry. Huobi Group is working with Argentina, Russia, Thailand, Nigeria and many other countries on the development of Blockchain technology and real world Blockchain applications. Since its establishment, Huobi Group has been financed by ZhenFund and Sequoia. As a digital assets service provider, Huobi is far ahead of its competitors in establishing a global network of licences. It has over 1300 employees and established subsidiary companies and partnership companies in 12 counties, including the US, Japan, Thailand, Gibraltar, etc. The Huobi team is dedicated to providing safe, professional, trustworthy, and world class services to its global clients across 130+ countries. Core Strengths of Huobi A World Class Security System · Secure and reliable class services · Six years of experience in digital asset services · Decentralized structure and anti-DDOS protection system Local Operation Teams across the Globe · Global Ecological Layout · Local trading service centers in many countries around the world · Blockchain ecosystem featuring integration of multiple business forms Remodelling the Crypto Exchange · Users first · Develop compensation first system · Develop User Protection Fund (20,000 BTC) Now let’s take a look at the Exchange and its features https://preview.redd.it/2mo1zpgh4by41.png?width=602&format=png&auto=webp&s=0b7dfa11a3f067287e3fad11d2d804672105396d https://preview.redd.it/vigncyyi4by41.png?width=602&format=png&auto=webp&s=f15e7fde4bfbeadae0e0432ba6dc5ab2c6a03140 Huobi has one of the best UI for an exchange. Its really very smooth and easy to operate. It has integrated all the trading options and users can easily understand and operate it. The chart has all the options and function, it supports trading view also. Huobi OTC Huobi OTC Desk is an OTC (over-the-counter) trading service provided by Huobi Technology (Gibraltar) Co., Ltd for both institutional clients and individual clients with large trading volumes. This service allows our eligible clients to trade crypto-to-crypto and fiat-to-crypto pairs via request for quotes. Huobi OTC (otc.hbg.com) offers an exchange bridge between fiats and digital assets while Huobi Global (www.hbg.com) is a digital assets trading exchange that supports exchanges or investment services between various cryptocurrencies. Huobi OTC (otc.hbg.com), serving an affiliated website of Huobi Global (www.hbg.com), is a platform devoted to over-the-counter trades of digital assets. You can buy/sell your digital assets by posting a buy/sell advertisement on Huobi OTC and then complete transactions with the other party so as to exchange your digital assets with fiats. Huobi OTC offers an aggregated display of buying or selling info and the actual payment is transferred and completed offline.(In other words, Huobi OTC provides escrow on digital assets) Being an OTC digital asset platform with a leading turnover, Huobi delivers services to millions of users in over 130 countries with billions of daily turnover. Supporting fiat-crypto trading in many countries and seamless connecting to crypto-crypto trading, it provides trading of over 100 digital currencies. Being the first platform to deliver 7x24 customer support, it boasts professional services, rapid response and certified merchant security deposits to meet various demands. Huobi DM (Futures) Margin Trading Huobi Global launched Huobi Derivative Market (Huobi DM) exchange to selected countries. It provides margin trading, with very low daily loan interest rates of 0.1%. Margin Trading allows users to increase their investment exposure given a limited base principal to enjoy multiple returns. With the introduction of Cross Margin on Huobi, users will have to explicitly input the respective margin type before executing the above 3 steps. Balances on the Cross Margin balance does not show on the Isolated Margin balance. Huobi Futures Huobi Futures is a kind of digital currency derivatives. Users can make a profit from the rising/falling of digital currencies prices by going long or selling short based on their own judgment. The Huobi Futures Contract adopts spread delivery. When the contract expires, all open positions will be closed at the index-based last-hour arithmetic average price, instead of physical delivery. Weekly, bi-weekly and quarterly contracts are available in Huobi DM. Weekly contracts will be settled on imminent Friday; Bi-weekly contracts will be settled on next Friday; Quarterly contracts will be settled on the last Friday of March, June, September and December. Choices of leverage: 1x, 5x, 10x, 20x Huobi Perpetual Swap On March 27, Huobi DM announced it entered into the realm of Perpetual Swaps through its well-established Huobi Derivative Market (DM). Derivative trading has become a popular and lucrative way in the cryptocurrency space, and Perpetual Swaps, as a kind of derivative product, is another way for traders to arbitrage better positions. Perpetual Swaps are a form of futures contracts but there is no expiry date on these contracts. Similar to futures contracts, perpetual swaps are standardized contracts that allow traders to long a position to profit potentially from the increase of a digital asset’s price, or short a position to profit potentially from the decline of a digital asset’s price. However, there are some uniqueness in perpetual swaps. § No delivery and therefore no expiry date § Funding mechanism Settlement in every 8 hours There exist perpetual swaps already in crypto derivatives market. But what really makes Huobi’s Perpetual Swaps different at this launch is that they are a unique form of contract called inverse contract. Inverse perpetual contracts are also called coin-margined perpetual swaps which are quoted in USD but margined &settled in the given cryptocurrency. Besides, the perpetual swaps can offer greater flexibility of fund. Your profits and losses are realized and settled three times a day, allowing you to leave the game and allocate your fund for other uses almost any time you desire. Flexible leverage from 1x to 125x is also a plus on Huobi’s BTC perpetual swaps. Partial Liquidation Partial liquidation is a new mechanism that gradually reduces a user’s positions rather than liquidating them in full in a single event. With the new mechanism, the system will automatically start liquidating a user’s positions in stages—at predetermined margin ratios determined by the user’s calculated exposure—until the margin ratio reaches above zero. The liquidation process also includes a circuit breaker function that halts liquidation when large or unusual deviations between the liquidation price and market price are detected. All coins and leverages on Huobi DM are supported by partial liquidation, and the mechanism is available to users with no fees. Huobi DM also lowered its overall adjustment factor, also named maintenance margin ratio, a key liquidation indicator that directly impacts how margin ratios are calculated, to reduce the frequency of liquidation events. HUSD In order to maximize the value of stablecoins to meet the various trading needs of users, Huobi Global is now providing a comprehensive and integrated solution: HUSD. HUSD is a comprehensive solution for all stablecoins. Three advantages of HUSD
Huobi Prime, the Launchpad platform is unique as it is not a fundraising platform, and any coins purchased on the platform are immediately deposited into the users’ wallets and tradable on Huobi Global. Huobi Prime offers its users early access to the coins of premium projects, which can be bought using its native crypto currency, the Huobi Token. To avoid dumping, Huobi has implemented an innovative idea of a period of tiered price limits. Huobi FastTrack Huobit FastTrack, rebranded from Huobi Prime Lite, is a new listing model. Wherein, all participants will have a direct say in what projects are listed on Huobi Global and when. In addition, winning voters will get access to quality tokens at below market rates. The program also provides much needed exposure and a straightforward listing process. Huobi Wallet Huobi Wallet is a professional Multi-chain light wallet app from Huobi Group, the leading global digital asset exchange. Huobi Wallet leverages multiple blockchain security-related patents, including patents for security isolation and data encryption, to provide state of the art protection for digital assets assured by the Huobi Wallet Security Team. For more information, visit: www.huobiwallet.com. So far Huobi Wallet supports BTC, BCH, LTC, ETH, ETC, USDT and all ERC20 tokens. Huobi Chain Created in partnership with technical development partner Nervos, Huobi Chain provides a regulator-friendly blockchain framework for financial organizations to deploy DeFi services and applications, including their own blockchains, tokenized assets, payments and identity verification, lending services, decentralized exchanges, and more. Huobi Chat Huobi Chat is the social network service platform oriented towards the era of blockchain and an autonomous social network in the future. Huobi Chat combines the advantages of the social network, Huobi Group and global ecosystem platform. It is established with an aim to achieve free communication, fair incentives and interconnectivity of upstream and downstream industry in the digital assets society. Based on blockchain encryption and consensus mechanism, it can connect Users and partners, and provide the digital enthusiasts worldwide with social, sharing, markets, information, e-commerce, games, entertainment, and other one-stop services. Meanwhile, we introduce third-party content and service providers through the IM open platform to build the global ecology of Industry and activate the flow. Huobi Mining Pool As a sub-brand of Huobi Group, Huobi Pool is an important component of Huobi’s global ecological strategy. It covers Staking business, POW business and public chain technical service provider. As the largest POS community in the Asia-Pacific region, a leading POW mining pool and a node for various public chains, Huobi Pool is dedicated to providing one-stop financial services and solutions for all types of token holders. Huobi launched HT Lock and Mine operations on 25th July 2019 (GMT+8). Users who lock HT tokens receive daily HPT rewards. Specific reward quantity will depend on lock option period selected, quantity locked and Huobi Pool’ s mining hash power and daily float. DPOS Rewards: All Huobi Global users with more than 1,000HPT holdings in their HBG account will receive DPOS mining rewards. Currently, token reward received under DPOS mining include EOS, TRX, CMT, ONG, IOST, ATOM, IRIS, LAMB。 Huobi Global: https://www.huobi.com/en-us/ Join Indian Group: https://t.me/huobiglobalindia Global telegram Channel: https://t.me/huobiglobalofficial Join Huobi by click here: https://www.huobi.com/en-us/topic/invited/?invite_code=eyhj5 |
![]() | submitted by anitamalone to thebasicfinance [link] [comments] https://preview.redd.it/v0c9g1yceix41.png?width=700&format=png&auto=webp&s=bbf36502148eacec1e6c5365b763432660f65366 BASIC is the next-generation crypto finance platform that allows lenders and borrowers from all over the world to better manage their crypto assets with enhanced capital efficiency. Today’s post will cover the Risk Management practices, that are implemented within the platform in order to establish efficient and stable ecosystem and in order to secure all the occuring financial transactions. Let us see the methodologies and tools, that are exploited by BASIC to address all the associated risks, that may occur in any given financial transaction. BASIC’s Risk Management PracticesBASIC is actively exercising preemptive efforts in order to guarantee efficient and stable financial transactions on its platform, addressing all the associated risks, that may emerge in any given financial transaction. BASIC is applying risk management tools, that assist to alleviate all the associated risks, that can be found within this platform.Risk classifications▶ Volatility riskBASIC has established a risk management system to recognize and address the high volatility of the digital assets. In the case of mortgage loans, there is always a requirement for a liquidation procedure under certain circumstances. Namely, if the market value of the collateral falls below a certain limit, you may be requested to provide additional collateral. If the requested amount of additional collateral is not stored within a specified period, the liquidation procedure will kick in and the required amount of collateral will be liquidated to secure the loan. The BASIC platform performs real-time volatility management practices. There is a tracking process of the price indexes of 6 different crypto exchanges, such as Coinbase, Bitfinex, Binance, Huobi, Bitstamp, and Kraken, where the prices of the crypto assets with an engineered volatility, placed as a collateral or borrowed as a loan in the BASIC’s platform, are tracked and based on them the LTV( Loan-to-Value) ratio is calculated. The abovementioned LTV management, hence risk management is performed by the Smart Risk Manager on an automatic basis. The volatility risk manager is currently programmed to warn and further take some certain actions at the following events and LTV rates:
▶ Default Risk This risk could occur independently from the LTV, and two scenarios are probable depending on the nature of the loan (Secured and Unsecured).
▶ Overdue Risk If the loan interest is not paid and remains in overdue status for a prolonged period of time, the following measures will be taken.
▶ Counterparty Risk Counterparty risk, which is prevalent in the trading and investment areas, is the likelihood or probability, that one of the two involved entities in a transaction might default on its contractual obligation. There are two primary sources of the counterparty risk in the process of collateral liquidation. The first one arises when the counterparty cannot make the required payments according to their obligations. The second one occurs, when the counterparty breaks the terms of the contract, hence defaulting on his contractual obligation. The relationship in the financial market is built upon trust. Hence, the counterparty risk or default risk can result in an overall deterioration of the credit market and further lead to a crisis. When there is a transaction being occurred within a platform of the BASIC, BitGo operates as a third party, who secures the process of escrowing the assets of the transacting participants. This risk management practice enables transacting parties to proactively identify and control the counterparty risk at the same level as financial firms. ▶ Slippage and Market Risks In case of carrying out transactions on multiple digital asset exchanges, you may face a huge issue of inefficient digital asset distribution, which can adversely affect your balance sheet. This situation can further expose you to the Slippage and Market Risk, as the number of assets that need to be liquidated increases. On the contrary, BASIC platform enables easy and quickly offline trading with transacting parties in BitGo, through the virtual journal swaps. This practice, in turn, eliminates the slippage and market risks. ▶ Compliance Violation Compliance violations can be applied to the withdrawal of assets at the time of the transaction. Currently, the majority of digital asset platform companies randomly distribute assets to multiple digital asset exchanges for trading purposes. In fact, this kind of approach affects the balance sheet and can lead to regulatory compliance violations. The BASIC platform is capable of reducing market and slipper risks, whilst keeping business efficiency at the highest level, by trading with trading partners within the BitGo’s system. This, in turn, will enable you to maintain stable transactions in a quite liquid market. ▶ Legal and Regulatory Compliance Risk Basic implements strict and thorough anti-money laundering and anti-terrorism-financing preventive measures at the level of traditional financial institutions in accordance with the Financial Action Task Force (FATF) recommendations and guidelines. This practice allows to thoroughly verify the identity of the client and to establish anti-money laundering preventive measures, which are both de facto essential factors to ensure the safety and legitimacy of the digital assets handling. To mitigate and identify in advance the risks associated with the compliance or regulation, BASIC’s legal team is staying up-to-date with the legal and regulatory compliances over the crypto assets. Keep Updated with BASIC Platform!Thank you for reading. If you would like to keep updated with BASIC’s activities, please follow our social media channels below. |
Risk Disclosure: Trading cryptocurrencies or any other financial instrument involves a significant level of risk and may result in a total loss of your investment. You should consider carefully whether investing in Bitcoin or any other instrument offered by CryptoAltum is appropriate to your financial situation. Don’t Margin Trade Crypto.. TIP: Margin trades have time limits.If you can’t execute your trade-in time, the leveraged portion of your trade may be automatically settled. TIP: Margin trading essentially works the same way on stocks.In both cases, if the exchange will let you, you can leverage a long or short position. There are 4 variables to keep track of: Used Margin, Margin Level, Margin Call Level, and Margin Liquidation Level. The used margin is how much collateral is used in a trade. For instance, let’s take an account with $2,000 in collateral and a margin position for buying 1 BTC at the price of $10,000 at 5x leverage. Best Crypto Exchanges For Margin Trading. A great feature is the BitMEX margin trading calculator which can determine the potential profit and loss on an order based on the amount of leverage. More importantly, it will display the liquidation price so you can adjust the leverage and position size to suit your risk tolerance levels. XAU fixed leverage 1:100. XAUUSD 1 LOT=100 Contracts. Example 1: XAUUSD 1 Lot = Volume x 100 x Current Price ÷ Fixed Leverage 1 x 100 x 1289 ÷ 100 = 1289. If account currency is BTC then 1289 ÷ 5141 (BTCUSD Rate) = 0.25072943
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- How to calculate crypto trading profit and loss? - How to calculate bittrex trading profit-loss online? - How to calculate polonix trading profit-loss online? Online Crypto Trading Calculator ... Coinex and Binance Margin Trade Good or Bad Tamil Crypto Tutorials - Duration: ... What is Leverage/Margin Trading ... zerodha margin calculator & zerodha brokerage calculator: ... Margin calculator is useful to calculate required margin for trading in Future and Option. zerodha margin calculator for mcx or angel broking margin calculator is rising since india vix shows ... If you want to start trading cryptocurrencies, this video will help you make your first steps. We explain what margin trading is, how leverage works, and talk about the importance of the stop loss. In this video I show you not only a detailed step by step how to trade cryptocurrency pairs on the ONLY USA compliant crypto margin trading platform that I know about, and how you can use this ...