ONEEXBIT: THE ALL IN ONE CRYPTO TRADER
Have you ever imagined having all exchanges in one platform?
Well its no more an imagination as OneExbit presents to the crypto space, a versatile and user friendly platform specifically designed for the purpose of trading multiple exchanges in one terminal.
Exchanges has contributed majorly to the downtrend of cyptocurrencies as they have proved to be unsecure and unreliable, with hundredths of dollars lost to hackers, investors are driven away by the immaturity of the crypto industry. Cyptocurrency exchanges are known to present the following risks:
° They are centralized and store the data of their clients on their own server where it is prone to hacking attempts.
° They manipulate the prices of digital assets to maximize profits and creates a system where those considered as whales determine price fluctuations.
° Most cryptocurrency exchanges are built with poor user interface and are not user friendly lacking graph and other analytical tools such as indicators which are necessary in trading.
° Trading on multiple exchange requires large amount of data to be processed by the computer with personal data spread over different exchanges, users face the risk of getting their data stolen by a malicious or phishing site.
° The idea of maneuvering from one exchange to another is ridiculously inflexible, with over 250+ exchanges and 2000+ tradable assets on coinmarketcap trading has never been easy for traders who owns multiple cryptocurrencies which are not all tradable in the same exchange or traders who wishes to trade an asset which is not listed on the exchange he trades. Traders would have to go through the rigorous exercise of switching tabs to trade on different exchanges. It would also be quite easy to lose track of accounts owned in various exchanges.
ABOUT ONEEXBIT
With over 500+ successful traders and more joining everyday, OneExbit aims to make crypto trading secure, efficient and user friendly. It already has a fully functional terminal that integrates different exchanges using API which allows traders to trade on all major cryptocurrency exchanges in one place. The terminal offers graphs, trading history and other useful analytical tools. OneExbit has already integrated over 7+ exchanges including Binance and plans to integrate over 40+ exchanges in 2019.
ONEEXBIT: MERITS AND FUNCTIONALITY
MIRROR TRADING: Mirror trading would involve users who do not wish to trade themselves but wishes to receive profit with minimum efforts it is risky, as so investors are to evaluate each traders strategies carefully. It is also advised to diversify ones portfolio by allocating funds to different traders and tracking results regularly. Traders who change strategy or reduce volume should be replaced. Mirror trading subscriptions will be subject to a fee part of which will be paid to traders in ONEX coins for agreeing to provide their signals for mirror trading.
ARBTRAGE TRADING: Arbitrage trading is a method of capitalizing on the differences in prices of digital between various exchanges. OneExbit will feature an information panel for interacting with various exchanges and to search for arbitrage positions for selected cryptocurrencies on the integrated exchanges. The profit on arbitrage trading is minimal therefore bots algorithm may be used to maximize the use of arbitrage windows and process different number of cryptocurrencies.
SOCIAL TRADING: Involves Copy trading of friends by adding trader as friend to see their updates. OneExbiit also plans to create a social trading platform where traders can discuss market conditions. It would also be possible to view the transactions of traders on the social platform including their profit levels. Trades can be copied manually or automatically. statistics of successful traders would be displayed on a special showcase “the wall of honor”. The goal of social trading is practical learning by analyzing strategies, users on OneExbit has the option of joining a social trading module.
MARGINAL TRADING: also called leverage trading, it is a trading strategy that involves borrowing funds to execute trades that exceeds of the traders deposit. It involves much risk and only experienced trader can profit in it, traders could easily lose money as positions are closed automatically when liquidity is low. Margin trading is not offered by most exchanges due to the risk attached to it. OneExbit offers professional traders the opportunity of margin trading by integrating exchanges that offer margin tools such as Bitmex and poloniex.
PORTFOLLIO TRACKING: OneExbit offers investors the ability to track their digital assets inside the terminal. Limited number of blockchain addresses can be tracked for free and unlimited access comes at a small fee. The portfolio will be updated and synchronized automatically to show the fiat value, trading history, increase or decrease in the value of digital assets in the portfolio.
ASSETS MANAGEMENT OnExbit users will get access to crypto investment management services offered through bots and successful traders that had passed a rigorous test. Asset management services from OneExbit includes risk diversification and access to the most advanced trading strategies.
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