BY JOE/PROJ-MANAGER, WAVELENGHXASH TOKEN
Cryptocurrency exchange has been made ease here bitebtc.com for digital exchange users. It’s for the newbie and advance users. BiteBTC currently has a trading volume of about $3Million daily trade and is constantly on the rise. BiteBTC exchange is a digital currency exchange platform that bonds the main actors from fiat to crypto-currencies (USD, BTC, ETH, LTC and DASH) of the market.
BiteBTC always supports cooperation with the world's most popular cryptocurrencies and makes it possible to profit from electronic money transfer transactions and investments. BiteBTC gives one and the same opportunities to both mainstream and new cryptocurrencies, just Like WaveLengthXash (WLX) is hopefully going to be listed as we are in the process of applying.
Bitebtc is a trading platform based in Singapore with wonderful features as SWIFT wire transfers worldwide. They also keep track with full compliance to users KYC requirements, API for automated trading and a powerful trader desk. Below is a quick sleek view to the welcome page at BiteBTC.
How to use BiteBTC
It begins by registering a user’s account.
A mail will be sent to the submitted emails address to continue the authentication process for KYC policy at bitebtc.com/auth/verification
So fill the form below with required information. It may take up to a week or two, until verification is complete due to a large volume of applications received by them.
Please note BiteBTC strongly adheres to KYC policy and follows all applicable laws of Singapore.
HOW TO TRADE ON BITEBTC EX
From the Homepage, click on the Exchange tab.
How to deposit or withdraw funds
Deposit Methods
Funds can be deposited into your profile wallet at the crypto exchange via bitcoins or altcoins. Also, BiteBTC accept SWIFT Bank Wire Transfers in USD and EUR only. In the near future, BiteBTC plans to add the credit/debit card processing.
Buying and Selling
At BiteBTC, trading (buying and selling) are quite very easy. By just entering the amount you would like to buy or sell of a particular crypto currency, check other details and then click on buy/sell to place an order. BiteBTC is loaded with buy and sell others… so every trade is executed instantly.
SMART AND EFFECTIVE TRADING ON BITEBTC
To make good profit in crypto trading you must be smart and dont be a random trader who loses money.
Do the following:
Develop a trader's Mindset and patiently begin
A smart trader, goes to market with some capital at his disposal and proposes to make some effective trades that must bring profit. He samples all the trades on the markets and takes advantage of buying cheap after studying market trend. With a profit making mindset, picks orders or set his at an edge for market flops and patiently wait for the selloff of impatient users, who trade erratically (a careless trader, they are always in the market). A person with a trader’s mindset, go to markets early and sets the traps for erratic (random) traders, who eventually lose money.
Make Profit… intermittently
With step one fulfilled, set traps (trades) for random traders, probably for those who have sold off? Yes! Because they will return. Then, immediately create a smart profit trade for price rise with half the sold off trades that was bought from random traders and patiently wait for the trade to happen.
But with all this said, review the stocks (crypto-currencies) to invest in as you look through their uses cases, activeness of community and development team.
Be choosy with Algorithms
All algorithms prospers, but I would always thumbs up the proof of stake Algorithms, as they give you the chance of growing your portfolio coins with POS type. Either ways you win, whether there is downward movement in coin value or not, you coins multiplies. And when the value lifts up, you effectively trade.
Before you go to the Exchange, consider secured platform tokens
The emergence of tokenization platforms is now rampant with alternative currencies. Several exchanges are been hacked, and phishing is on the increase on platforms. Yet there are platforms like wavesplatform, neo platform, stellar, etc., that has not recorded such challenges to the best of my knowledge. And there are exchanges like BiteBTC which is uniquely different with strong, and dedicated security measures.
Risk assessment and management
Assess your investment risk and maintain more than one portfolio.
What is Exchange Arbitrage?
Exchange Arbitrage is a situation in which dealers can make a profit because of the temporary difference in the value between two currencies in relation to a third currency (an exchange). This is when dealer (trader) takes advantage of the different spreads in pairs offered by the markets (exchanges) for a particular currency pair by making trades and tracking the misplaced price rates.
A smart trader makes profits with this strategy as he compare differences in bid and ask prices. This can be tracked within an exchange with different pair of a particular currency and also with different exchanges in common with same currency. The focus here is to track the misplaced price pair and taking advantage of it.
An example of an arbitrage: When different two exchanges like Yobit, and Binance have differences in pair quotation for bitcoin against USD pair. Let say this is their pairs:
Yobit pair: BTC/USD = $6578, and Binance pair: BTC/USD = $6438
In exchange arbitrage, the smart trader would takes 1BTC, convert that into dollars with Yobit Exchange and then buy back the BTC with Binance exchange. The result is that the trader who started with 1 BTC now has 1.02174BTC. The trader has made a 0.02174BTC (about $139.9) profit. I did not consider trading fees here, which are usually not big values. His is advantage of being a smart arbitrage trader.
Is BITEBTC different from other crypto exchanges? YES
BITEBTC Security Efforts
Yes! Cryptocurrencies do not retain any personal information about the owners of electronic wallet. BITEBTC uses cryptographic encryption for attack resistance to secure users wallet and prevent threat of access to electronic wallets of third parties, as well as the forgery of electronic accounts. Bitcoin and other currencies are highly protected and completely anonymous.
BiteBTC does not transmit or disseminate any information about service users in anyway.
Due to the fact that personal wallets are on users' computers, BiteBTC strongly recommends that users do their best to protect their data from virus attacks and third-party access and take all necessary measures to mitigate the risks of robbery of electronic means. Among such protection measures is the correct configuration of home routers, the installation of antivirus software, etc.
Deposit/Withdrawal Waiting time in BITEBTC
Depositor withdrawal of coins and tokens begins in the same way as a user application is created. However, any crypto transfers can take up to 24 hours. Sometimes delays of1-2 days are possible. The reason for this is the special characteristics of transaction behavior in crypto-currency networks.
Usually a SWIFT wire transfers can take up to 5 business days to be processed.
BITE BTC Fees
BiteBTC performs exchange transactions and charges a commission from each transaction. The commission amount depends on the type of currency, however, as a rule, it does not exceed 0.2% of the transaction amount. For instance if a trader is withdrawing 1500 USD, he pays a fee of 0.2% of $1500. That should be just $3.
For more on bitebtc exchange:
https://bitebtc.com
https://twitter.com/bitebtccom
please upvote this article for wavelengthxash (WLX) on bitebtc be listed. Thanks
