Bitop Exchange - Experiencing New Dimension Towards CFDs Trading
Introduction
Human transactions have been in existence for donkey years. The community trading of our ancestors paved way to the usage of money, which in the past few thousand years has taken many forms, from beads and brass to paper. However, In the 21st century, it has often manifested as a virtual electronic transfers and even cryptocurrencies. Money is a very important innovation developed by humans. It serves many purpose in life, infact, it is the bedrock of any operations in life. Money is a means of exchange and it’s a way to store wealth and value. However, money has evolved from it’s physicality property to a more intangible one especially in the modern age, as we have seen in the innovation of cryptocurrencies. For the past few years, the movement of cash from one place to another has been continuously eradicated with the innovation of credit/debit cards and most especially Blockchain and Cryptocurrency. As we have seen in the past few years, cryptocurrencies have sparked what may be the best thing that has happened to finance.
Using the peer-to-peer technology, cryptocurrencies has eliminated the involvement of middlemen like banks and governments, allowing direct transactions between different parties. Since one can easily track all transaction records on the blockchain, it removes the problem of trusting millions of people. All you need to do is to trust the system. For some time, there has been two ways by which cryptocurrencies could be exchanged – Decentralized Exchange and Centralized Exchanges. A centralized exchange is a trading platform that is managed centrally by a company to trade digital assets. In other hand, decentralized exchange is managed by the owner of the digital assets. Decentralized Exchange pose a lot of risks to individuals, where centralized exchanges can easily eliminate. However, there needs to ensure the fairness, transparency, stability and security of the ecosystem. To make this happen, there needs to put some sophisticated technology in place, and also prioritized the interest of investors to build a well sustainable and easy-to-use trading platform. Bitop Exchange is building a crytpo trading platform towards this objective.
Bitop Exchange
Bitop Exchange which was formerly named "24MEX Pro" is a digital asset trading platform that concentrate on CFDs coupled with a smooth trading experience, especially for users new to cryptocurrencies. This basically means, even if it’s your first time to use a Crypto exchange, you can be rest assure that it is going to be smooth and easy to use. Users can easily trade their favourite digital assets, do any transactions of any size, in a well developed, organized and secured environment. Other products rendered by Bitop Exchange are spot trading and derivatives, futures, and other mouth-watering services that would wow any investors/users.
Bitop Exchange also boast of experienced professional team who is capable to take the crypto exchange to the next level. The team is dedicated and well informed about the major challenges faced by most centralized exchanges and how it can be mitigated. The CFD trading System will also be the main products which was described as not just a “contract trading” exchange, but an integrated signal and innovative risk management tool, which will not only carry digital assets.
Advantages of Bitop Exchange over Decentralized Exchanges
Immediately you open the bitop Exchange website or application, which is downloadable on window PC, there are some qualities that are unique that decentralized exchange does not have. They are but not limited to;
User friendly – As I mentioned earlier on, even a newbie can easily find his way around the exchange without little or no knowledge of crypto exchange. Bitop Exchange will provides users with easy-to-use and user friendly tools necessary to make a sustainable exchange. When compared to decentralized exchanges which does not allow users to trade unless they have their encrypted private keys and password, Bitop Exchange will make everything easier for users and not require compromising your keys or password before you can trade your assets. Bitop intends to satisfy it’s customers with an easy-to-use platform interface.
Convenience – Decentralized exchanges are apparently limited in some areas such as lack of Liquidity, trading pairs, transaction speed, and general user experience when compared to other centralized exchange like Bitop. Bitop Exchange will continue to improve in all aspects of the development of the platform by creating a sustainable, convenient and secure ecosystem to it’s users.
Better liquidity – Generally, centralized exchanges have higher liquidity and transaction volume when compared to decentralized exchanges. Due to this, transaction orders are quickly matched together on centralized Exchanges. On Decentralized exchanges, users may have to wait for a while before a trading transaction can be executed. Bitop will focus on developing an advanced platform where users can trade with a very fast trading transaction speed and also provide varieties of method to make payments.
Main Components of Bitop Exchange
Bitop has developed business products that are already available seamlessly for users, traders and investors on the exchange platform. Access to these products are not limited to any participants, as anyone is not restricted to the services. Main components of this exchange include;
Spot Trading
Spot trading is a kind of trading where traders buy and sell coins on the market order book. It is one of the famous type of trading on centralized exchanges. Users are all welcome to use the spot trading section on Bitop Exchange, with a considerably good volume and Liquidity with millions of traders. Bitop can presently boast of quick matching of transactions, so traders don’t have to worry if their orders are filled or not in no time.
Margin Trading
Margin trading is more advanced when compared to spot trading. It’s also known as leverage trading. When a leverage trade is executed, the trader will be required to commit a percentage of the total order value. Normally, exchange platforms offer a distinct set of rules and leverage rates. However, Bitop Exchange will provide users with as high as 100x leverage of two-way extremely fast order. This is rare on other crypto exchanges that offer same service.
CFD Trading
CFD trading is a very interesting type of trading offered by Bitop Exchange. CFD trades allow users to speculate on price movements in either direction – going down or up. The result of the speculation will determine if a user is going to make profit or loss. If your speculation is correct, you make profit and vice versa. On Bitop Exchange, customers can already participate in trading Bitcoin CFDs. Also, users can decide to open a demo account to practice how it works before engaging in the real trading.
Perpetual Contact
Perpetual contract is a type of futures contract that doesn’t have an expiry date. So, users can hold a position for as long possible. Due to market flexibility, liquidity and ease of understanding, perpetual contract is one of the most traded derivatives in the crypto world. This products is also available for customers on the exchange platform.
Other features Include;
- CopyTrade
- Chat
- Daily mining
- Affiliate program
Bitop Exchange plans to combine all these products together to obtain what other exchanges have not achieved.
Unique Features of Bitop Exchange
Easy to use – Bitop Exchange is easy to use and easily understandable. The UI is compatible with mobile devices and computers. You can easily switch from light mode to dark mode as you wish. Without stress, new users can easily get themselves acquainted with the exchange.
Real-time chats – Customers can easily chat with certain knowledgeable professionals, who are always ready to give consultation and ideas by proposing strategic solutions to issues.
Fun trading – To quench boredoms, Bitop Exchange has created a fun trading where users can reduce all tension of trading especially when the market is not getting, interesting.
Security management – The exchange had passed many audits and always ready to secure users funds with sophisticated security measures.
The exchange is also made up of a highly intelligent design, making it’s App very easy to use. The Exchange is readily available with different languages for the easy accessibility of customers
Conclusion
I can vividly say Bitop Exchange is a project ready to catch the crypto space by surprise. An excellent products already deployed and functioning on the exchange with considerably amount of users is what has made this exchange flourishing until now. With native token in plan to support the platform, and other unique functions stated in the roadmap, Bitop Exchange is set to live up to it’s expectations and hype. Binance exchange started this way, you can see where it is today. Bitop is working through same legacy. Visit this exchange today, and you won’t ever be disappointed.
Useful links
Writer - Diamond02
POA - https://bitcointalk.org/index.php?topic=5342419.msg57179760#msg57179760