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Telegram AMA - Summary

Telegram AMA - Summary
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Zhuling Chen
It’s always great to hang out in this group. This group means a lot to the Aelf community. It is the first Aelf community and has been there through all the ups and downs in the world. I would like to start with wishing everyone is staying safe at home during the virus outbreak. It definitely has been a difficult time for all of us, but together we can pull through it.
We understand that the situation is quite striking to all of us. But I really believe that the solution to the virus outbreak is about more global coordination and collaboration.
All of you to be assured, our team in different places are all safe and working from home as normal.
The Aelf team in Beijing were among the early ones experiencing the virus outbreak. As everyone was on the way home for Lunar New Year holiday and then experienced a total city lock-down followed by a 40 days’ work from home policy. It was definitely not easy for them, but our team stayed strong, took necessary precautions and focused on work with the right morale. Mappo has recently published some tips on how to work from home effectively based on our experience. Do check it out. Despite not working in the office since February, we have achieved great progress, including launching Aelf 1.0 preview, which is an important milestone in technical delivery and also the roadmap to mainnet launch (which listed out the essential steps for the community to work together to launch a successful public network)
Let's first talk about Aelf v1.0 preview. It is the cornerstone of the mainnet launch. The product itself has all the features that the public network is needed. The codebase has been reviewed and tested rigorously by the team. And a few highlights of how the network would look like:
  1. The code allows a stable and high throughput blockchain network to operate publicly.
  2. For developers, they will love how flexible the system is to be customized, the number of tools and documentation to help them start developing applications on the network
  3. For the whole community, the system is an ever-evolving one where the voting system is ready in place to conduct network-wide voting on various topics, such as transaction fee adjustment, network protocol upgrade, incentive adjustment, etc
  4. Aelf system is able to run multi-chain architecture where each side chain will host different applications and still ready to work with each other
So you may ask since the software is ready, why have we not yet launched the public network? The answer, in short, is that a public blockchain is launched not by a team but through a community effort and that's why we are coordinating the community effort based on the roadmap we proposed. Aelf team has launched the public testnet based on Aelf v1.0 preview and currently, all nodes are under the team. The goal is to let the community and elected nodes to take it over and launch it on a global scale. Not only launch it but also be familiar with the network and also set the launch parameters in a decentralized way. If we take a car as an example, we have made the car, but ultimately the drivers are you guys and therefore before it really hits on the road, we need to guide the community to do a test drive, adjust the car based on what really works for YOU, and ultimately let YOU drive the car freely and safely
So how are we going to help the community launch the network:
First of all, we have launched the codes, documents about the economic system and governance model and technical features. With all the things available, you are able to understand what the system is about, as a token holder what's your benefit in the system, and being a node in the system plays a big role in the governance
Next, without yet electing the nodes, we will get all token holders to join the current Aelf network through a mapping event. That means as long as you have Aelf tokens, you will be able to get 1:1 test tokens on the public testnet. that gives you full access to all the features, and you will feel like you are already using the mainnet. You will get rewarded in making transactions, voting, etc.
Do try out the Aelf wallet and voting features, you will see how easy to transfer tokens cross-chain. and also how flexible the system allows people to make changes. For example, the community may want to adjust the block rewarding parameters or fees to use certain services on mainnet, they can initiate a discussion and then vote in the system and once voted through, it will be reflected on mainnet.
For people or organizations that want to play a bigger role in the system, we will do a dry run of node election. Take it as the real node election before mainnet launch. We will see who the active members of the community are and being trusted by the community. Among the nodes, we will form a network launch committee. The committee will be the crucial party to oversees and ensures the smooth launch of Aelf mainnet, instead of just relying on the Aelf team. This is our step towards decentralization.
The committee will agree on the actual launch process, final checking all the parameters in the system to be ready for launch and then decide when the criteria are met to launch the network. Once all that is decided. We will invite all interested nodes to apply for the election and let the community know what's their plan to grow the Aelf network. the network will initially be launched with a few nodes from the committee and gradually be replaced by the selected nodes (a bootstrap phase). Along the way, we will work with exchanges to conduct token swap (which we are also designing an innovative system to further enhance security and usability of Aelf tokens in exchanges)
Among this isolated and worrisome time, at least we all have something to look forward to: a successful launch of Aelf network! Once it is launched, we are excited to see a vibrant and technically superior network that is good for Dapps to run on top of it.
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Doris Guo Q1: As a Blockchain start-up, what difficulties have you overcome when starting Aelf project? What motivates you to solve difficulties and achieve success today?
Zhuling Chen First, just like launching any start-up, its community and investors are usually regional. There is always some bias on if Asian projects are solid. It is really rare to have an Asian project to be supported by western funds and community from day 1. We were lucky to have overcome that obstacle. Having a global investor line-up from day 1. Having a global team from day 1 and also working with a global community from day 1. This benefited us to have an international perspective which is crucial in the blockchain industry.
Secondly, as a hardcore technology company, it is really hard to put in plain words what is our ambition. Our ambition is huge, achieving key innovations in multiple fronts of blockchain technology and organically combined them to serve real users for the future. Our marketing team has been working really hard to elaborate on what Aelf is. Now we have come to a point that the product is ready. Therefore, it is much easier for all of us to understand how solid Aelf is by trying out the network ourselves! That's exactly what the following events will be about - Try out all the exciting features of Aelf network before mainnet launch.
Doris Guo Q2: What critical problems do you see occurring in the blockchain industry nowadays? How does Aelf solve these problems?
Haobo Ma First, we need to distinguish the difference between BTC and ETH. One is Digital Cash and the other is the Smart Contract Platform. Aelf addresses most of the latter's problems. In short, it can be summarized as performance, end-user friendly, developer-friendly, network economy, and self-governance and upgrading. Each of these areas will probably take up a lot of space, and as a whole are the issues described in our two white papers. In short, Aelf is faster, end-users do not need to know the rules of the blockchain, developers can set up the development environment in 10 minutes, have a good economic model and can carry out proposal governance on the chain.
Doris Guo Q3: What is your long-term vision about the industry which Aelf is working at? Are you afraid someday there will be another project with more innovative technology can replace Aelf?
Haobo Ma Let's talk about where Aelf stands in the traditional Internet. It is essentially a cloud service provider, Aelf provides resources and infrastructure for developers to deploy their services, known as smart contracts. We eventually want Aelf to grow like AAA (Amazon, Azure, AliCloud). Because Aelf is a network that can be dynamically scaled, we can accept any new technology, some of the more advanced technologies we can put on a side chain.
Doris Guo Q4: Why did Aelf choose for cross-chain interaction?
Haobo Ma As I mentioned earlier, Aelf solves the Smart Contract Platform problem. However, there are other digital cash problems as well which we would need to use existing infrastructure such as Bitcoin's chain in order to interact with Bitcoin. There are a lot of infrastructures on Ethereum that we want to interact with. Multi-chain on Aelf network mainly is to isolate resources to improve network performance and network stability.
Doris Guo Q5: What difficulties do the Aelf team have now (I talk about COVID-19)? How does the Aelf team solve it? Have you changed the roadmap?
Haobo Ma There is no great impact. The teams in Singapore and Beijing are communicating with each other remotely on a regular basis. The only change is that most of us are now working from home which has no impact and in fact, it seems conducive to the acceptance of more community developers in the future to come. From the internal working schedule and development timeline, there is no great impact. We do not publish specific timeline as we do not want short term holders (traders) to create too much negative pressure on product development.
Doris Guo Q6: Aelf is an open-source blockchain, and there's the common problem of taking a substantial amount of time for the different participants to agree on strategic decisions. What types of governance models do you use in Aelf to address this issue???
Haobo Ma The issue is about public blockchain network, and who can decide the direction of the network. Our answer is long-term holders. For the short-term holders (traders), we refuse to allow them to participate in any discussion of the direction of Aelf because the short-term holders are likely to make a profit and sell quickly, which is essentially the same example of a person who cheats the President and then runs away for his personal gain. We defined a number of proposal processes, including the logic of the two-party system in the United States, and the participation in the referendum to ensure that the final proposal represents the majority. At the same time, we are looking for some legal solutions to avoid bifurcation, such as prohibiting exchanges from intervening in bifurcated new tokens. While we cannot limit a community, we should be able to find ways to limit a centralized organization. This restriction is akin to a ban on national secession.
Doris Guo Q7: How will Aelf empower Investors, Companies, Developers, Platform Users to deliver impactful solutions and bring value to people all over the world?
Haobo Ma We will learn from the operational experience of successful foundations such as the LINUX foundation and license some commercial companies to use Aelf solutions to solve business problems. At the same time, Aelf is an open-source product under the MIT License, and we accept any use that does not violate this open-source principle.
Zhuling Chen Let me add on to Haobo’s statement: to incentivize and empower the community, we are also exploring ways to let the community decide how to use the funds for Aelf (allocate to where it matters to our community) once mainnet is launched. This means you guys can decide what are the projects to be funded on Aelf, etc
Doris Guo Q8:When will the node campaign start? How will Aelf attract users to participate in nodes election?
Haobo Ma According to our published roadmap, the timeline can be dynamic, but I don't think it will be too long. The main idea is to let everyone understand what we envision Aelf to be like, and what are the rights and benefits of being a node in the future. We hope to find nodes that fully recognize the efforts of Aelf at the present stage and are willing to participate in the future development of Aelf. We will run a simulation of the node campaign on the testnet and set up a temporary mainnet launch committee. Please follow our official Twitter for more upcoming details!
Doris Guo Q9: Token swap form 2 is some kind of cross-chain transfer? It will be handled by a smart contract?
Haobo Ma It is handled by the smart contract, we define an asset cross-chain transfer protocol, but it may be opened after a snapshot.
Doris Guo Q10: Which Exchanges will support token swap? Do you have any plan to list Aelf in some big exchange like Binance, Houbi, Kucoin, .......?
Haobo Ma We are already in talks with some exchanges, there is still competition between exchanges, and many are still hoping to attract more users by getting access to mainnet token swap early.
Doris Guo Q11: Aside conversion of the current tokens to mainnet tokens, what other main features will be accomplished with the mainnet launch?
Haobo Ma We have a documentation file that has been published, which has listed some features: https://Aelf.io/gridcn/Aelf_public_testnet_and_supporting_features_introduction_en_v1.0.pdf
Doris Guo Q12: Do you have any plan to burn or buyback your coin?
Haobo Ma We have plans for the community to govern through DAO, we have no interest in short-term price incentive adjustment as we would prefer to drive the project to higher adoption. After mainnet starts operation, there will be a part of network revenue get destroyed automatically.
Doris Guo Q13: Often, as a newbie developer, I face difficulties on most blockchains. How easy and convenient is it for me on Aelf, and what programming language and tools are needed??
Haobo Ma We set up staging for DAPP developers on GitHub and configured CI. Develop a smart contract using C# with React Native on the front end. So, in fact, developers can fork the source code without setting up the environment locally, and you can conduct unit testing with the help of CI. You can also release the smart contract and generate the installation package of iOS and android online. https://github.com/AElfProject/Aelf-boilerplate
Doris Guo Q14: What is the progress of business development and what are some of your commercial partnerships? How will Aelf rapidly develop the number & performance of DAPP?
Haobo Ma First of all, the blockchain industry is still fairly small and users with ETH and EOS wallets are considered a very small group and its not effective to even promote within these groups. What we need to consider is how to enable users who have never been exposed to blockchain to use DAPP. The competitiveness of Aelf is to make it easier for Aelf developers to promote their DAPP to ordinary users, rather than to teach ordinary users a lot on blockchain knowledge. The average user doesn't like to hear about private keys, mnemonic, Gas Price, RAM, CPU, etc. Only until we solve such problems, companies that need to solve problems through blockchain will be more inclined to use Aelf in technology selection. Therefore, our main work is to explain the competitive advantages of Aelf, ETH and EOS to everyone. We have some business cooperation’s, but we also believe that simply through case-by-case business cooperation will not be able to gain adoption so quickly, therefore we still need to put our products to stay ahead of the next generation.
Doris Guo Q15: What other activities can encourage more people to be confident about Aelf?
Haobo Ma We are only going to state the truth by having those that have faith in us to stay and those that don't to leave. The development of Aelf is not driven by a single foundation, but by a steady stream of contributions from the community. In the future, we will also place the activities in the DAO for on-chain governance, and let the community make decisions by itself.

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Kun Aguero As you know that in the present market situation many new coins or either dying or thriving for liquidity? How will you manage this liquidity problem?
Zhuling Chen Aelf started in 2017. we have gone through a few cycles in the market, still, remember the big down period in 2018-2019. Aelf is financially solid and the team has always been working hard. if you are referring to liquidity in exchanges, we are among the lucky ones that are listed in all major exchanges
Xinshu Dong Hello, great discussions! I would like to ask what are the criteria to join the committee for launching the mainnet? Would love to participate
Zhuling Chen Hi xinshu, great to see you here. The committee will be chosen among the nodes elected during the testnet dry run. Which means, it is really important to participate in the testnet dry run and also start to establish your reputation in the community so that people will elect you as a node. The detailed criteria will include what is your plan to help Aelf to grow, tech competency and reputation.
An Da What are Aelf’s achievements in 2019? Who had supported you to get those things?
Zhuling Chen To name a few, in 2019, Aelf is one of the most active projects on GitHub. This means Aelf is evolving and improving fast in this space and our team has the tech strength. In addition, we have also successfully listed on all major cloud service providers, such as AWS, Azure, Google. So large companies can easily launch Aelf side chains in their organization with minimum hassle.
John How does the voting for master nodes candidates occur? And why is the development of this system important for your project?
Zhuling Chen Voting is going to be pretty simple. All token holders can vote for the nodes they support on our block explorer.
Miha After mainnet lunch, how will you assure that transactional fees will stay low? We know what sometimes happens to fees on ETH blockchain.
Zhuling Chen First of all, due to the fact that is Aelf is scalability, this will reduce transaction fee. Secondly, all transaction fees will be voted by the nodes (which will be elected by you). So they will represent your interest
Bobbyfernandito Currently, as we see All projects are concerned with the speed and security. So, tell us here - what are the facilities Aelf provide to their user and investors?
Haobo Ma Security: we have an automated smart contract code audit. During contract deployment, production nodes and the community audit participation are required. On the other hand, we are also planning to provide a standardized model of centralized exchange access for 100% asset certification and emergency measures to deal with exchange attacks, which we will be released later. Speed: Aelf has been working on improving performance, which is transparent to users which they can also experience by themselves.
An Da What effect does Aelf token have on the Aelf ecosystem? Holding Aelf, what benefits will users receive?
Zhuling Chen Holding ELF enables you to use all the services on the Aelf network. ELF has a deflating system where the total amount will reduce as the network grows. token holders can also vote for the nodes to run the network and also vote for big decisions in the network. part of the fees in the system will also be distributed to token holders via a smart contract
ahihi132 Which companies do you view them as potential partners and that they are somewhat also beneficial for both the user base and Aelf itself?
Zhuling Chen Great question, if I could write a wish list, that will be: let medium-sized financial institutions to use Aelf to challenge the big boys. Let telecommunication companies use Aelf for micro-payment and other innovative business models. We also would like to try out a few public sector projects, which blockchain will is still more transparency and trust
Misun Q1: Which programming languages are you using in your project? And why? Q2-What are another big MILESTONES you have planned for 2020 roadmap and how are they supposed to benefit your costumers? Will it be an exciting year?
Haobo Ma For Q1: We mainly use C# for development, I personally like it. Performance is good, development environment IDEs are strong, and C# creators are influential in the industry. We believe in the right thing, though it may take a while to develop. The smart contract will then add support for multiple languages, such as WebAssembly, depending on the needs of the community. Now it seems that C# is enough.
Hambi crypto Which platforms are your competitors? How will you soar above them, and what better things do you offer than them? So, What’s your outlook on the future of cryptocurrencies in this year and next few years?
Haobo Ma As I have already mentioned this before, Eth and Eos. We provide better performance, cross-chain support (already implemented), end-users do not need to know the details of the blockchain, developer’s payment models and so on.
Floris-Jan What plans is Aelf making to prevent centralized exchange to take over the DPoS algorithm like what happened to Steem? Are we talking about blacklisting exchange wallets, or having the foundation say "No", or putting all trust in the community?
Zhuling Chen Great question, Floris. I’m not going to give away all the details of what Haobo has proposed to work on this, but in a nutshell, in Aelf system, exchange wallets will not be allowed to vote, but only the sub-wallets for each individual can vote. This will also help exchanges to prevent hacking and theft in the future
Alex What your plans in place for global expansion, are Aelf wallet focusing on the only market at this time? Or focus on building and developing or getting customers and users, or partnerships? Can you explain this?
Haobo Ma Our core focus will be through the developers to promote, developers will help Aelf to attract more users. So our product has to be attractive to developers. Just like AWS, they only focus on getting their service right, their developers will think about how to promote it. We don't want to burden them in their promotion process.
Ellkay What do you think are the major threats and barriers that could face the development and adoption of Aelf?
Haobo Ma If I'm a DAPP developer and I need to promote my APP to people who don't recognize blockchain, then I'd like to choose a platform that doesn't have to explain a lot of blockchain details to the end-user, so they can use it easily. We've provided some options in the Boilerplate that allow you to log-in simply via QR code + Password, and our recommended Dapp is an independent wallet and a separate iOS/Android application.
ahihi132 Give me some important reasons why we need to hold Aelf token where in fact hundreds of projects failed and it went to bankruptcy or even developers run when they collect millions/billions of funds?
Haobo Ma First of all, we will not give any suggestions as we only describe the fact that the long-term token holder will be able to govern the Aelf network, get Aelf mining reward and Aelf network profit. At the same time, Aelf network is a deflation model, Aelf network received transaction fees, profit dividends will immediately destroy 10% etc. All investments are risky, and we don't judge the behaviour of other developers. There are so many things in this world that cannot be understood and unfair. It is important to do our job well. I cannot explain these things.
见愁 I remember that boss Ma mentioned to only find those truly innovative applications and enterprises with blockchain, how to find and win partners in these aspects?
Haobo Ma When Linus was developing Linux, I did not think he would find a lot of collaboration when the code was not good. The response we can give is that we already have a lot of interest in cooperation, including what we have announced, what we have not announced, etc.
见愁 How interested are cloud computing providers in participating nodes?
Haobo Ma The vast majority of our nodes should be using cloud services, and as long as a large number of our 17 nodes and other candidate nodes are based on cloud services, our network robustness is determined by these cloud computing providers. Of course, in the expansion, we can also use cloud computing services.
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Beginner’s Guide to BitMEX

Beginner’s Guide to BitMEX

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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.

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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.
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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.
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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.
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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:
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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.
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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.
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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.
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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.
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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
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Bitcoin Cryptotrading Basis Guide Book by Reslav

Bitcoin Cryptotrading Basis Guide Book by Reslav
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I wrote this lecture on the methodology of successful trading, and more specifically on tactics, strategies, subtleties and recommendations, based on 2 years of work on Bitmex, Binance, Gate, Okex bitcoin cryptocurrency exchanges in real combat conditions. Guided by this technique, I managed to earn 500% in excess of the deposit for 7 days of trading (i.e. I increased the deposit amount by 5 times!). These are not fairy tales, but reality, that is, confirming statistics of exchange transactions on the account of the crypto-exchange.
I believe that the knowledge provided in this course will help a beginner to master successful trading only if the course is not only read, but also outlined. It will be important to follow punctually, commenting on your actions in your notes.
In separate consultations, I could give personal instructions on the nuances of technical analysis on various timeframes, signals on entry points, information on trade automation software (algorithmic trading robots), and other tools useful in the work of a trader. But, despite a lot of additional software, my experience has shown that the most effective speculation model on the cryptocurrency and stock exchange, which everyone chooses for themselves based on practical experience, is directly in the online trading mode on exchange terminals. Each exchange is good in its own way, but also has its drawbacks. I chose the best solution for myself and am sure that this is temporary. Perhaps in the future there will be more progressive decentralized exchanges with good liquidity and they will replace the existing platforms managed by market leaders.
Various digital designations, such as: — in what percentage of the deposit do you enter into a particular transaction; — where to put stop limit or market (Market) (market) orders (and whether to place them at all), where to exit the transaction and how. Again, I note that all the selected values ​​are usually individual and depend both on the time trading intervals (TimeFrame) (1m 3m 15m 1h 3h 4h 6h 1 d 1w 1m) and on the deductible amount of the bet in % percentage of the amount of your deposit.
It is important to remember that trading in the cryptocurrency market is a high-risk investment activity that everyone chooses and carries out at their own risk. Remember that with a big bet on the whole, as they say, a patty, and even with 100x-500x leverage, you risk losing your entire deposit right away. An exchange machine or a well-tuned and trained professional broker robot does not cost anything to go against the trend with a tidbit — easy prey. Do not be hamsters i.e. naive simpletons — do not merge the deposit into zero due to elementary greed, incontinence, ardor and other factors that contradict the qualities that a professional trader needs to succeed in trading, namely: cold-bloodedness, endurance, accuracy, punctuality, tact, quick reaction , the ability to quickly enter numbers and timely press the desired buttons.
You ask me: “Hey … guy, you are so smart … I wonder how much you earned from trading or how much you earn or why you don’t do it yourself … why do you need competitors?” — I will answer you: it is no secret that AI (artificial intelligence) has been working on the exchange for a long time and it is constantly improving, but this still does not prevent a person from continuing to beat him. I hope that in the future this trend will not stop otherwise — we have disappeared. And as regards competition — do not worry so much for me, because there is still a trading idea, program or terminal that I have not yet implemented and not reported in this guide after its publication and, perhaps, it will not deprive me of future trading opportunities.
So, the instructions that I follow in the process of trading cryptocurrencies on the exchange terminal in online mode.
  1. It is necessary to wait for the moment of the entry point. You need to enter the deal only then, you feel it and foreseen it in advance according to the levels of the daily period.
  2. It is necessary to carefully weigh their capabilities, ie to consider funds, understanding that futures trading (with leverage) leads to greater risks of liquidation / margin call (MarginCall).
  3. During growth, you need to fix profit and try to sell at a pullback. It is always possible to re-enter a deal, but it is unlikely to return lost profits, instead, you can get several hours of dead weight in the price movement opposite from the planned direction.
  4. It is very important to have cost control, namely, the timely Stop Limit (stop trade order) + sliding Stop Loss (the same thing, only with insurance against a sharp price movement).
  5. It is easy to understand the wave component and accept the movement by levels — press exit buttons in time at 2% and + 10% according to the 1 to 5 principle (we risk one part of the deposit against 5). The Pareto effect has not been canceled: 20% activity, gives 80% effectiveness.
  6. To work with Japanese candles, the ability to draw support levels and resistance lines is enough, but this is not enough for a professional, because the presence of modern advanced indicators, such as MACD, SRSI, Ichimoku Cloud / Signal, horizontal and vertical volume indicator and so on, is very important. Everyone chooses for themselves the indicator that brings more profit to a certain trading range. But remember — the main criterion for success is an understanding of the laws of the market and trade by market. Perhaps this applies to the field of extrasensory perception, metaphysics, and other obscure and hard to prove phenomena and sciences, but one way or another — intuition is clear and has a place to be.
  7. In no case should you enter into short-term breakthrough deals on minute trading with market uncertainty. The situation where minute fluctuations may seem like reversal movements is often quite misleading. If you are in a pose (bull — for growth / long or bear — for fall / short) do not retreat and the market will not slow you to please you with profit. Often, a stock price feed / the same chart manipulates the minds of players, displaying false breakdowns and minute movements, on the basis of which you can not rely on a trend change (this lie is especially evident in minute time intervals / timeframes). In such cases, make decisions only at fundamental levels. On the hourly chart you will see a more truthful picture, because globally, on markets other than minute timeframes, the market is less susceptible to momentary manipulations. This knowledge will give you firmness in the intention and decision-making to remain in the chosen position and not to respond to minor market manipulations. During the day, you may repeatedly wish to unreasonably enter into such transactions, but remember that in this case you will be guaranteed to drain the deposit. Remember — the market from the middle of the trend will go up up or down and hit the stop limit order placed by you (if you play with a large leverage not for your money), after which it will go in the right direction you have chosen. Although in general the situation is banal — you are led by the nose like thousands as well as you. The only true method is to use common sense and avoid uncertainty when trying to enter a pose. A historical analysis of prices, the frequency of ranges (delta) of ups and downs, the degree of volatility and fundamental approaches — to help you. I also want to add that success is in your hands and it consists in the realization of the need not to merge a deposit under any circumstances.
  8. You cannot leave the market unattended, the alarm of the price change alarm is not in your favor or without a stop limit at a reliable exchange platform (broker).
  9. Once again I repeat, you must be prepared in advance for the fact that the market is deceiving and unexpected movements can often occur and your task is to secure your funds with a stop on the market or to fix profit by a floating stop or a fixed stop limit.
  10. Risk management — the basis of success in trading when trading with leverage (margin trading). It is usually recommended to go into a deal at 2% of the deposit with x leverage and stop from profit in the ratio of 1 to 5. What does this mean and why is this risk / profit sharing technique so important?It is necessary to clearly calculate probabilistic lumbago in order to avoid elimination. I recommend you not to rush into bets, but to take a sheet of paper and bargain virtually in order to understand whether your calculations were correct. A virtual game is worth nothing, but it will save you money and keep the deposit safe and sound.
  11. The wave theory assumes entry into the transaction after completion and a clear change in the previous trend based on signals and the news background, incl. experience of the current subject of trade — the operator pushing the buttons. For example, in the absence of price movement in the direction of the RSI indicator, analysis of all time frames with indicators, fibonacci levels, correction degree phase, time of day in time zones, stock and commodity market readings.
  12. It is important, before starting trading, test the presence of a manipulator on the market using the method of high rates. If you are looking for an entry into a major deal in a few weeks, keep in mind that a stop with a loss can be a significant amount in the money equivalent that you are ready to lose, and if the deal does not take place in your favor, you must set yourself up in advance for what it should be. Because a successful trader is not one who regularly guesses successful transactions, but one who successfully completes one out of five transactions according to risk management and the calculation of the leverage calculator in accordance with the chosen strategy.
  13. A lost position can be closed without waiting for the reverse restoration of the bidding process, thus manually participating in the balance adjustment or by setting a stop limit order in advance or after the bid in case of further decline or growth.
  14. There is an assumption that at the end of the working day, with a likely depreciation, traders convert stocks into fiat (money), which contributes to a depreciation, but this is not accurate)
  15. Incorrect entry into the transaction. How important is it to exit an unsuccessful transaction as early as possible or at the first rollback to change the direction of the trend or wait to determine a new entry point.
  16. The presence of two accounts on the exchange terminal is possibleand desirable in order to be able to remain in a winning position regardless of the success of the initially selected trading direction (a technique requiring careful verification by personal experience with a clear definition of the margin leverage and % of the entry into the transaction from the deposit balance to minimize the risk of loss).Successful trading does not consist in the ability to conclude as many successful trades as possible, but in minimizing losses.
  17. Technology is improving and strategies are changing. Before entering a transaction, it is necessary to carefully analyze the current market situation using a comparative analysis, studying the general news background (guided by the ***“buy for expectations — sell on the news”***postulate), detecting a flat (sideways), determining the level of instrument volatility (gold, oil, funds , bitcoins / cryptocurrencies — digital coins, etc.)
  18. Immediately put a stop — is a guarantee of success or a drain of the deposit? After all, how to cope with their own feelings and not get into anxiety about a successful or unsuccessful transaction? The gradual entry scheme works well.
  19. Coins. We look at the trading delta with the help of a robot scanner and make a decision based on all the above criteria in the course. It has been noticed that amateurs buy coins in the hope of growth. Remember, the market for altcoins is not growing now.
  20. A favorable time for earning is at the time of a flat, which usually occurs after the rising flag or the implementation of a bull pennant figure, etc. It will be more clear to observe the schedule in real mode and make the required notes in your own mind.
  21. On the cryptocurrency market, some laptop microprocessors are heated and the fan turns on at peak times. This indicates the beginning of a sharp movement and is a signal to enter the deal. Therefore, you can not only observe the behavior of the market, but now also listen (this is my personal note, it is unlikely that you will find such information somewhere else, as they say — an exclusive / VIP signal;)).
  22. You can still write a lot about time, how much can or should be spent on the monitor, on which timeframes to trade and which strategies to follow, but everyone should choose this independently and preferably, under the guidance of a specialist, because what is applicable to one is to the other — contraindicated.
In fact, any market situation should be beneficial for you due to successful risk management*!*For successful online trading, it is very important to use candlestick and technical analysis*, which help to more accurately determine the entry point to the transaction (purchase or sale).*You cannot act at random when the market is hard to predict and often ready to follow your footsteps.If you lose, then I do not recommend immediately going to recoup*, because trade should ultimately be break even. In ardor, you are likely to enter into an unsuccessful deal and lose even more than before. This situation will make you very sad, so do not make this mistake. She is famous.*Use a modern powerful laptop or desktop computer with a convenient side numeric keypad, a large screen and a convenient manipulator (mouse) so that when you press the buttons you have as little physical braking and stops as possible. Practice in advance to work in the browser on the exchange terminal without making a deposit on futures trading from the exchange wallet. This training practice will reduce your losses.
Hello from Ukraine, Kramatorsk city ( “War is peace / freedom is slavery [and] ignorance is strength.”)
Reslav Cryptotrader (if you need find me look around — me be i near ;).
To be continued…
http://twitter.com/reslav1
P.S.:
Nowadays, money strives to be counted more and more. Using the information technology of databases with indexes, it has become possible to automatically and instantly capture and display the information that was previously collected by entire departments of the state within a month and after manual entry was displayed on the screens of industrial monitors and public television. The era of the Internet has come, the time of the accessibility and decentralization of information.
Today we see stock chart quotes of stock prices of leading world companies online. Everyone has the opportunity to invest their money in these stocks and earn on the difference in exchange rates of their value. A speculative market was formed on this basis, where leaders appeared who were able to act most efficiently and, accordingly, earn money. Many specialists are studying the nature of success in speculative markets.
Many works on methods of achieving success in trading are morally obsolete due to the emergence of new technologies for calculating and controlling the money supply, for example, such as Bitcoin. After all, back in 2009 for 1309.03 BTC they gave 1 dollar. Today 1 BTC costs $ 9,000. This is due to the fact that since the appearance of bitcoin has never been hacked and the technology has shown its reliability and consistency, as a measure of the money invested in it. I will not go into the details and subtleties of Bitcoin technology, but I will note one thing — this is cryptographic software that was used in the banking sector as Swift payments, but transformed into a P2P peer-to-peer network of private computers, as a result, like Bittorent, it became public, hard controlled, commons. Bitcoin provides for a complexity bomb, which complicates each year, and therefore makes it more expensive, its limited production, and this is one of the main reasons for its rise in price. As well as the fact that Bitcoin is convenient for storing funds, as it is liquid and it can be easily sent without quantity restrictions and with high transaction (transfer) speed. All details about Bitcoin are available in open sources and you can find out everything about it on the Internet, as well as the alternative coin market (altcoins / coins), such as Ethereum, USDT (dollar tokens confirmed by a US company with real dollars in bank accounts) etc.
Around this market of bitcoin cryptocurrencies, the same speculative matrix (network / exchange) arose as around ordinary currencies and created such a strong competition for traditional assets that many governments adopted it and began to use and implement technologies that arose in their turn base. Cryptocurrencies or blockchain (cryptographic chain / blocks / chain) began to be introduced in public sectors of the economy for calculating and controlling public commons, such as electricity, land, etc.
Further, on the basis of this market, the need for regulation arose and the US authorities were very worried about the uncontrolled development of technology, on the basis of which a news background (negative or positive) arose, which powerfully affects cryptocurrency rates. In the era of information, this network began to act as a money pump, skillfully pumping money from the hands of inept speculators into the pockets of experienced traders.
As a result of reading a lot of books, watching various telecasts in the industry of bitcoin trading analytics, I came to the conclusion that successfully trading cryptocurrencies is akin to art and as statistics have shown, only 20% in 2–3 years are able to consistently earn money, and of which, in turn, only 2 -3% become billionaires.
I bring to your attention a technique by which you can enter the ranks of these 20% successful traders and possibly, jointly, open the door to those notorious 2–3% successful traders who are fortunate enough to touch the notorious golden fleece and discover the world of unlimited financial opportunities.
All knowledge is available in open sources and collected by me in the book “Basics of Bitcoin Trading from Reslav” (2019), most of them are available.
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What Is WolfpackBot?

WolfpackBOT is an advanced cryptocurrency trading BOT that executes trades securely by using the advanced trading algorithms, the “Werewolf” Trading Analysis configurations, and customized settings based on each user’s unique trading style.
The trading Bot will also provide users with trading access to the major cryptocurrency exchanges and the most profitable trading pairs, all from one Bot subscription. The Bot integrates with a built-in secure Hardware Wallet combined with a RFID card reader for crypto to FIAT conversions.
Additionally, WolfpackBOT is integrated with Wolvex Exchange that will use the Wolfcoin token as the base currency, Wolfpack Consulting, Wolfpack Mining, and Wolfpack Philanthropy with the aim of empowering customers, shareholders, and stakeholders to achieve sustainable wealth through cryptocurrency trading.

WolfpackBOT Features, Products, And Service

Multiple Technical Analysis Indicators:

The WolfpackBOT trading system provides the world of Automated Cryptocurrency Trading Bots with Multiple Technical Analysis indicators, oscillators, configurations, and settings.

Shorting Features:

The trading system has shorting features that enable users to maximize their profits through shorting their positions and buying them back at the lowest prices in the market.

Patented And Trademarked Crash Protection:

This feature enables users to automatically scan and convert all positions to USDT and then buy them back to base currency to resume trading under the signal of the Hidden Bull Divergence Indicator.

Coin Selector:

Users can select whether to trade all their cryptocurrencies or not trade at all. It will also enable them to view coins or tokens that have high trading volumes, their performance, and volatility.
READ Instant Access Medical (IAM Token): Blockchain Healthcare Project?

Werewolf Ultimate:

This feature does not trade a particular trading pair or coin but trades all of them to provide the users with maximum profits.

WolfpackBOT Trading Settings And Reports:

The trade setting enables users to automatically trade through features like one-minute candles, market orders, and Hybrid orders. The Trading report highlights the users trading history, which can be exported to a CSV file.

WolfpackBot Cryptocurrency Trading Bot System Benefits

All Trading Pairs On All Major Exchanges

Users of WolfpackBOT can simultaneously trade with major exchanges such as BitMEX, Binance, Bittrex, KuCoin, Poloniex, and Wolvex Exchanges using multiple trading pairs.

Werewolf Configurations And Settings

These configurations and settings are suited for both amateur and expert traders since they can be adjusted with preset configurations for bear, sideways, and bull markets and to the current trends in the market.

Bull And Bear Market

The WereWolf settings are optimized for conditions that could be used in Bull Markets, Sideways markets, and Bear markets.

WolfpackBOT Help Center

Users can access the WolfpackBOT Help Center to learn about options, features, and abilities that are contained in the WolfpackBOT Trading Software.

Multiple Languages

Wolfpack BOT is compatible with multiple languages like Dutch, English, French, German, and Spanish; therefore, users can switch up the language of the entire BOT by simply clicking on the World Language Globe icon.

WolfpackBot WOLF Token ICO Details

Parameters Of The ICO

https://www.wolfpackbot.com/
https://www.wolfpackbot.com/Pdf/whitepaper_en.pdf
Bounty0x ID: chemist32
submitted by kadirbaysal to ICOAnalysis [link] [comments]

WOLFPACKBOT -the world fastest crypto trading bot

Crypto asset are very volatile where traders need more technical and fundamental analysis before venturing into such career taking trading as source of income . the market capitalization is trading approximately 130billion USD as the time this article was published. This shows that there are lot of money to make out from the crypto market but unfortunate many traders have lose all most all their asset on their portfolio since inception of bitcoin and altcoin trading was introduce to the global community , trading hasn’t been easy especially trying to understand the different candle patterns and the time frame, this has be tedious and difficult for traders to comprehend , the worst scenario is that most trader sit down with their laptops and phone monitoring trading chart that which looks complex for them to make profit . This is just simply spending wise time and earning no or little profit.
This is the reason the artificial intelligence such as BOT are introduce to save time and maximize profit for traders and am glad to introduce one of the best , most secure and fast trading BOT to you called the WOLFPACKBOT.

The wolfpackbot is an automated secure trading software design by great teams that have lot of experience on the forex market, and crypto market which helps trader to predict and forecast the price action movement of crypto asset on exchange marketplace such bitmex, binance and the rest of the crypto exchanges that is compatible with wolfpackbot API . The wolfpackbot

WHY THE WOLFPACKBOT THE MOST FASTEST AND SECURE TRADING BOT
WOLFPACKBOT is the only and first trading bot allow traders to do a live scanning of their trading position whether long or short positions and simultaneously partially fills orders with ease according to the trader settings decision on the bot. this means there no way the bot allow traders to miss out of the trade .
The bot works with technical indicators such as the RSI and MACD with respect to the smallest time frame of candles that is 1minute candle.
The Bot have the capability to process more than 10,000 trading per day which makes it more reliable for trading.
The security of the Bot was design with high infrastructure and model cyber security tools that prevent hackers from gaining access to users account.

Features of the wolfpackbox

IS THERE A LANGUAGE BARRIER ON THE BOT
There is no language barrier on the bot it has a friendly and amazing user’s graphics interface which features lot of language such English, Dutch, English, French, German, and Spanish.

WHAT ARE THE SUBSCRIPTION ON THE BOT
The wolfpackbot has three distinct subscription packages for all traders. They listed below
Ø WolfBOT
Ø PupBOT
Ø WerewolfBOT
The subscription have different services allow that to utilizes the Bot effectively and maximize returns of their investment in the bot and also enhance their trading skills while making profit as fun.

The wolfpackbot has it own native token called the wolfcoin which is built on the ethereum smart contract.
For more details on how to buy the wolfcoin and update with regards to the wolfpackbot kindly visit any of the link below
WOLFPACKBOT WEBSITE
WHITEPAPER
Bountyox username : myshawn.
submitted by tosindesign1 to ico [link] [comments]

WolfpackBot ICO (WOLF Token): Cryptocurrency Trading Bot System?

WolfpackBot ICO (WOLF Token): Cryptocurrency Trading Bot System?
https://preview.redd.it/fujzkx4g75921.jpg?width=651&format=pjpg&auto=webp&s=9f5f8737076bfe1456310980e166c437a28eb86e

What Is WolfpackBot?

WolfpackBOT is an advanced cryptocurrency trading BOT that executes trades securely by using the advanced trading algorithms, the “Werewolf” Trading Analysis configurations, and customized settings based on each user’s unique trading style.
The trading Bot will also provide users with trading access to the major cryptocurrency exchanges and the most profitable trading pairs, all from one Bot subscription. The Bot integrates with a built-in secure Hardware Wallet combined with a RFID card reader for crypto to FIAT conversions.
Additionally, WolfpackBOT is integrated with Wolvex Exchange that will use the Wolfcoin token as the base currency, Wolfpack Consulting, Wolfpack Mining, and Wolfpack Philanthropy with the aim of empowering customers, shareholders, and stakeholders to achieve sustainable wealth through cryptocurrency trading.

WolfpackBOT Features, Products, And Service

Multiple Technical Analysis Indicators:

The WolfpackBOT trading system provides the world of Automated Cryptocurrency Trading Bots with Multiple Technical Analysis indicators, oscillators, configurations, and settings.

Shorting Features:

The trading system has shorting features that enable users to maximize their profits through shorting their positions and buying them back at the lowest prices in the market.

Patented And Trademarked Crash Protection:

This feature enables users to automatically scan and convert all positions to USDT and then buy them back to base currency to resume trading under the signal of the Hidden Bull Divergence Indicator.

Coin Selector:

Users can select whether to trade all their cryptocurrencies or not trade at all. It will also enable them to view coins or tokens that have high trading volumes, their performance, and volatility.

Werewolf Ultimate:

This feature does not trade a particular trading pair or coin but trades all of them to provide the users with maximum profits.

WolfpackBOT Trading Settings And Reports:

The trade setting enables users to automatically trade through features like one-minute candles, market orders, and Hybrid orders. The Trading report highlights the users trading history, which can be exported to a CSV file.

WolfpackBot Cryptocurrency Trading Bot System Benefits

All Trading Pairs On All Major Exchanges

Users of WolfpackBOT can simultaneously trade with major exchanges such as BitMEX, Binance, Bittrex, KuCoin, Poloniex, and Wolvex Exchanges using multiple trading pairs.

Werewolf Configurations And Settings

These configurations and settings are suited for both amateur and expert traders since they can be adjusted with preset configurations for bear, sideways, and bull markets and to the current trends in the market.

Bull And Bear Market

The WereWolf settings are optimized for conditions that could be used in Bull Markets, Sideways markets, and Bear markets.

WolfpackBOT Help Center

Users can access the WolfpackBOT Help Center to learn about options, features, and abilities that are contained in the WolfpackBOT Trading Software.

Multiple Languages

Wolfpack BOT is compatible with multiple languages like Dutch, English, French, German, and Spanish; therefore, users can switch up the language of the entire BOT by simply clicking on the World Language Globe icon.

WolfpackBot WOLF Token ICO Details

Parameters Of The ICO

  • Token: Wolfcoin (WOLF )Token
  • Token protocol: ERC20
  • Token supply during ICO: 1,600,000,000
  • ICO date: Stage 1- December 1st– December 31 2018, Stage 2 – January 1 – January 31 2019
  • Token price: $0.15/ $0.20
  • Accepted currencies: Bitcoin (BTC), Bitcoin Cash (BCH), Dash (DASH), Dogecoin(DOGE), Ethereum Classic (ETC), Ethereum (ETH), Litecoin (LTC), and PayPal
Website: https://www.wolfpackbot.com/
Whitepaper: https://www.wolfpackbot.com/Pdf/whitepaper_en.pdf
Bounty0x ID: ecamli
submitted by ecamli to ICOAnalysis [link] [comments]

WolfpackBOT Token

WolfpackBOT is an advanced cryptocurrency trading BOT that executes trades securely by using the advanced trading algorithms, the “Werewolf” Trading Analysis configurations, and customized settings based on each user’s unique trading style.
The trading Bot will also provide users with trading access to the major cryptocurrency exchanges and the most profitable trading pairs, all from one Bot subscription. The Bot integrates with a built-in secure Hardware Wallet combined with a RFID card reader for crypto to FIAT conversions.
Additionally, WolfpackBOT is integrated with Wolvex Exchange that will use the Wolfcoin token as the base currency, Wolfpack Consulting, Wolfpack Mining, and Wolfpack Philanthropy with the aim of empowering customers, shareholders, and stakeholders to achieve sustainable wealth through cryptocurrency trading.
WolfpackBOT Features, Products, And Service
WolfpackBot Cryptocurrency Trading Bot System Benefits
WolfpackBot WOLF Token ICO Details
. . .
Learn more about "WolfpackBot" Token,
Website: https:// www.wolfpackbot.com
Whitepaper: https:// www.wolfpackbot.com/Pdf/whitepaper_en.pdf
Facebook: https:// www.facebook.com/WolfpackBOT/
Medium: https:// www.medium.com/@WolfpackBOT
BNTYOX USER NAME : Sun12
submitted by Signal693 to Crypto_General [link] [comments]

Wolfpack bot.......

About some years ago, one of my friends hailed his belief in Bitcoin and explained how he moved his whole life savings onto a hardware wallet and erudite his private alphanumeric key. He sounded like a character from a Neal Stephenson novel-gritty, daring and irreverent of the world’s established banking systems. While Bitcoin has soared since then and made him a millionaire many times over, the question now is if it will continue to rise in value or if it’s already reached its height.
A digital currency “crypto currency” that has no tangible paper or physical coin representation. Instead, encryption techniques using computers and open source software generate the currency based on mathematical proof, or blockchains. Cryptocurrencies such as Bitcoin are decentralized: There’s no place like a bank where the currency is held, and a private security key tied to an open source ledger proves who holds the value. As an electronic payment system, cryptocurrencies are instantaneous and have low transaction fees compared to traditional banking systems, which are comparatively slow and have high fees associated.
📷
What Is WolfpackBot?
WolfpackBOT is an advanced cryptocurrency trading BOT that executes trades securely by using the advanced trading algorithms, the “Werewolf” Trading Analysis configurations, and customized settings based on each user’s unique trading style.
The trading Bot will also provide users with trading access to the major cryptocurrency exchanges and the most profitable trading pairs, all from one Bot subscription. The Bot integrates with a built-in secure Hardware Wallet combined with a RFID card reader for crypto to FIAT conversions.
Additionally, WolfpackBOT is integrated with Wolvex Exchange that will use the Wolfcoin token as the base currency, Wolfpack Consulting, Wolfpack Mining, and Wolfpack Philanthropy with the aim of empowering customers, shareholders, and stakeholders to achieve sustainable wealth through cryptocurrency trading.
📷
WolfpackBOT Features, Products, And Service
Multiple Technical Analysis Indicators:
The WolfpackBOT trading system provides the world of Automated Cryptocurrency Trading Bots with Multiple Technical Analysis indicators, oscillators, configurations, and settings.
Shorting Features:
The trading system has to short features that enable users to maximize their profits by shorting their positions and buying them back at the lowest prices in the market.
Patented And Trademarked Crash Protection:
This feature enables users to automatically scan and convert all positions to USDT and then buy them back to base currency to resume trading under the signal of the Hidden Bull Divergence Indicator.
Coin Selector:
Users can select whether to trade all their cryptocurrencies or not trade at all. It will also enable them to view coins or tokens that have high trading volumes, their performance, and volatility.
Werewolf Ultimate:
This feature does not trade a particular trading pair or coin but trades all of them to provide the users with maximum profits.
WolfpackBOT Trading Settings And Reports:
The trade setting enables users to automatically trade through features like one-minute candles, market orders, and Hybrid orders. The Trading report highlights the users trading history, which can be exported to a CSV file.
Various Specialized Examination Markers: WOLFPACKBOT offers the most extensive cluster of various Specialized Examination markers, oscillators, setups and settings accessible in the realm of Computerized Digital money Exchanging Bots. WOLFPACKBOT gives Elliot Wave, Bollinger Groups, Twofold EMA, Stochastic, EMA, Stochastic RSI, EMA Cross, Fibonacci Succession, and some more. Dialect Interpreter: WOLFPACKBOT has a worked in language interpreter that in a split second makes an interpretation of the whole BOT into French, Dutch, English, Spanish or German.
📷
WOLFPACKBOT Automated Exchanging Programming: After the crowdsale, WOLFCOIN will be the restrictive strategy for an installment for WOLFPACKBOT Mechanized Exchanging Programming memberships. Wolfpack Counseling: WOLFPACKBOT offers its administrations and aptitude as Cryptocurrency money and Blockchain Professionals to people and organizations. This company offers counseling services in the fields of blockchain and cryptocurrency money improvement and management. The WolfBOX Equipment Support: WOLFPACKBOT likewise offers an industry initially, that is; delightful equipment reassure, The WolfBOX. The reassure comes preloaded with WOLFPACKBOT automated exchanging programming and furthermore incorporates an inherent secure equipment wallet. A portion of the key highlights of the WolfBOX incorporate into rapid CPU, internal RFID card reader, strong state hard drive, and coordinated Bitpay as well as Coinbase wallets.
📷 COIN ECONOMICS
Coin Name: WOLFCOIN
Coin Symbol: WOLF
Coin Standard: Proof of Work
Coin Algorithm: X11
Genesis Block: 300,000,000
Pre-mined: 30% Distributed in all stages of WOLFPACKBOT Crowdsale
📷
WHY WOLFPACKBOT?
WOFPACKBOT is an exceptional project with a difference set to globally make an impact in the cryptocurrencies trading activities in particular for the betterment of the blockchain ecosystem; that will equal right to all of its users the opportunity to earn more. Feel free to ask your questions relating to the project on the telegram group of WOFPACKBOT, see link below.
WolfpackBot Cryptocurrency Trading Bot System Benefits
All Trading Pairs On All Major Exchanges
Users of WolfpackBOT can simultaneously trade with major exchanges such as BitMEX, Binance, Bittrex, KuCoin, Poloniex, and Wolvex Exchanges using multiple trading pairs.
Werewolf Configurations And Settings
These configurations and settings are suited for both amateur and expert traders since they can be adjusted with preset configurations for bear, sideways, and bull markets and to the current trends in the market.
Bull And Bear Market
The WereWolf settings are optimized for conditions that could be used in Bull Markets, Sideways markets, and Bear markets.
WolfpackBOT Help Center
Users can access the WolfpackBOT Help Center to learn about options, features, and abilities that are contained in the WolfpackBOT Trading Software.
Multiple Languages
Wolfpack BOT is compatible with multiple languages like Dutch, English, French, German, and Spanish; therefore, users can switch up the language of the entire BOT by simply clicking on the World Language Globe icon.
WolfpackBot WOLF Token ICO Details
Parameters Of The ICO
For more enquiries on the WolfpackBot project, make use of these links;
Website = https://www.wolfpackbot.com/
Whitepaper = https://www.wolfpackbot.com/Pdf/whitepaper_en.pdf
Twitter = https://twitter.com/TheWolfpackBOT
Facebook = https://www.facebook.com/WolfpackBOT/
Telegram = https://t.me/WolfpackBOT_Discussion
Medium = https://medium.com/@WolfpackBOT
BOUNTY0X USERNAME = @cryptounique
submitted by 1loveone to u/1loveone [link] [comments]

How to generate profits on Bittrex using artificial intelligence

How to generate profits on Bittrex using artificial intelligence
Crypto Trading Bots
Appeared only a few years ago, the business around crypto-currencies is still growing today. This activity tends to impose itself, as a successful market for investors and traders who can make huge profits, with the possibility of sometimes reaching unsuspected profitability figures. It is in this context that other trading platforms have gradually been set up, like Bittrex, allowing users of cryptocurrency to be able to trade directly online (much like the stock market). Moreover, tools such as artificial intelligence (Bittrex trading bot) have been developed to facilitate their task even more while optimizing their trading activities. You will discover in this article how to optimize trading on Bittrex and generate more profits thanks to artificial intelligence.
Trading with Bittrex Bot
Bittrex is a worldwide leader in the revolution that blockchain is having. Bittrex is the most reliable and effective security technologies that are available today. We leverage There is an elastic and multi-stage wallet strategy that ensures that the majority of funds in the system are kept in cold storage for the purpose of additional safety. With Bittrex, there is also a two-factor authentication procedure for all users; also provided is are additional security features to ensure multiple layers of protection.
Now, how important is it to use the Bittrex Trading Bot?
Typically, we know bots perform those tasks that are simple, structural and repetitive. These tasks are executed at a much higher rate compared to how it would be possible for a human. In trading then, an internet bot is a software application that runs automated tasks or scripts over the Internet.
How Bittrex does works concretely
The Bittrex exchange and trading site are suitable for anyone wanting to expand their e-money portfolio, because it has several variants, you will even find the least popular one. If you want to know how the platform works, we will use the example of Bitcoin, to better explain the transfer mode of electronic money on the site, from another platform. Plus, you will have to master What Is Bot Trading.
And you might be wonder, Can I trust a trading bot or Crypto trading bot?
The right tool may be essential for a trader who is savvy, but human intervention is always essential to maximize profits and avoid dizzying losses. That is why you have to look for the Best Bittrex Trading Bot.
It is vital to find a well-known trading bot that is coding errors free and minimizes downtime. Bots should also be built into features that protect the users against flash crashes - a phenomenon all too common in the cryptography world. There have been cases where trading robots who appear to be credible have turned out to be scams, and so investors are subsequently not capable to withdraw money from their own accounts. Always make sure you choose a service that has been existing for a long time - and beware of companies that make bold and confident claims about how much revenue they have (especially those who might say fall under best free crypto trading bot).
In the end, you have to remember that trading robots are not too good for you if you are just looking for passive income. Getting the right results with some of these software takes time and effort - and often includes a series of back testing strategies on historical data to see how certain transactions would have failed. You should always endeavor to use small amounts of capital early until you really get used to a certain new system. On the other hand, the risk of human error is much smaller when you use a bot, because automated trading tools are unable to create costly typos, even on the Bittrex Crypto Trader Bot.
Getting acquainted with Binance Trading Bot
“Binary” + “Finance” = Binance Binance is the cryptocurrency exchange that welcomes people from Bitcoin faster than any other exchange platform on the market. It is especially one of the cryptocurrency central banks that publish Bitcoin futures contracts on day 1 after the snapshot. One of the selling advantages of the exchange is the fact that it operates in many countries of the world.
Another very vital point about Binance is the fact that it is very low in fees compared to other exchanges in the cryptocurrency arena with a very large user base volume. All these surprizing features have helped Binance to be one of the most lucrative exchanges in the market for exchanging cryptocurrencies.
However, due to the high volatility of the cryptographic market, some operators are struggling to catch up with the constant fluctuations of the market. To solve this issue, an experienced trader and cryptography enthusiasts have developed the algorithmic trading method, also called "Trading Bots".
To eliminate traders' emotions and maintain business ethics in order to achieve a higher level of consistency all day round, Binance Automated Trading Bot is extremely useful.
Due to the constant growth of crypto-currencies, different techniques are often being developed, resulting in different strategies for developing different and various algorithms in trading. Many trading robots have been written with different algorithms, some specially designed for the Binance exchange, while others have been designed to adapt to many trading platforms, with different strategies.
BITTREX BOTS
submitted by bittrexbots to u/bittrexbots [link] [comments]

How to generate profit on Bittrex using AI

How to generate profit on Bittrex using AI
https://preview.redd.it/q5ro6dji4hg21.png?width=1241&format=png&auto=webp&s=88f5b57c781b80fda7a8243c2b69a1ee12d18de4
Appeared only a few years ago, the business around crypto-currencies is still growing today. This activity tends to impose itself, as a successful market for investors and traders who can make huge profits, with the possibility of sometimes reaching unsuspected profitability figures. It is in this context that other trading platforms have gradually been set up, like Bittrex, allowing users of cryptocurrency to be able to trade directly online (much like the stock market). Moreover, tools such as artificial intelligence (Bittrex trading bot) have been developed to facilitate their task even more while optimizing their trading activities. You will discover in this article how to optimize trading on Bittrex and generate more profits thanks to artificial intelligence.
Trading with Bittrex Bot
Bittrex is a worldwide leader in the revolution that blockchain is having. Bittrex is the most reliable and effective security technologies that are available today. We leverage There is an elastic and multi-stage wallet strategy that ensures that the majority of funds in the system are kept in cold storage for the purpose of additional safety. With Bittrex, there is also a two-factor authentication procedure for all users; also provided is are additional security features to ensure multiple layers of protection.
Now, how important is it to use the Bittrex Trading Bot?
Typically, we know bots perform those tasks that are simple, structural and repetitive. These tasks are executed at a much higher rate compared to how it would be possible for a human. In trading then, an internet bot is a software application that runs automated tasks or scripts over the Internet.
How Bittrex does works concretely
The Bittrex exchange and trading site are suitable for anyone wanting to expand their e-money portfolio, because it has several variants, you will even find the least popular one. If you want to know how the platform works, we will use the example of Bitcoin, to better explain the transfer mode of electronic money on the site, from another platform. Plus, you will have to master What Is Bot Trading.
And you might be wonder, Can I trust a trading bot or Crypto trading bot?
The right tool may be essential for a trader who is savvy, but human intervention is always essential to maximize profits and avoid dizzying losses. That is why you have to look for the Best Bittrex Trading Bot.
It is vital to find a well-known trading bot that is coding errors free and minimizes downtime. Bots should also be built into features that protect the users against flash crashes - a phenomenon all too common in the cryptography world. There have been cases where trading robots who appear to be credible have turned out to be scams, and so investors are subsequently not capable to withdraw money from their own accounts. Always make sure you choose a service that has been existing for a long time - and beware of companies that make bold and confident claims about how much revenue they have (especially those who might say fall under best free crypto trading bot).
In the end, you have to remember that trading robots are not too good for you if you are just looking for passive income. Getting the right results with some of these software takes time and effort - and often includes a series of back testing strategies on historical data to see how certain transactions would have failed. You should always endeavor to use small amounts of capital early until you really get used to a certain new system. On the other hand, the risk of human error is much smaller when you use a bot, because automated trading tools are unable to create costly typos, even on the Bittrex Crypto Trader Bot.
Getting acquainted with Binance Trading Bot
“Binary” + “Finance” = Binance Binance is the cryptocurrency exchange that welcomes people from Bitcoin faster than any other exchange platform on the market. It is especially one of the cryptocurrency central banks that publish Bitcoin futures contracts on day 1 after the snapshot. One of the selling advantages of the exchange is the fact that it operates in many countries of the world.
Another very vital point about Binance is the fact that it is very low in fees compared to other exchanges in the cryptocurrency arena with a very large user base volume. All these surprizing features have helped Binance to be one of the most lucrative exchanges in the market for exchanging cryptocurrencies.
However, due to the high volatility of the cryptographic market, some operators are struggling to catch up with the constant fluctuations of the market. To solve this issue, an experienced trader and cryptography enthusiasts have developed the algorithmic trading method, also called "Trading Bots".
To eliminate traders' emotions and maintain business ethics in order to achieve a higher level of consistency all day round, Binance Automated Trading Bot is extremely useful.
Due to the constant growth of crypto-currencies, different techniques are often being developed, resulting in different strategies for developing different and various algorithms in trading. Many trading robots have been written with different algorithms, some specially designed for the Binance exchange, while others have been designed to adapt to many trading platforms, with different strategies.
submitted by bittrexbots to u/bittrexbots [link] [comments]

Understand Bittrex Bots as an AI

Introduction into Bittrex:
As the world of cryptocurrency and artificial intelligence continuously grow, it is necessary that you know what Bittrex Bot Trading is all about, how to easily trade online, the advantages, challenges and a way out. Trading bots are simply computer programs that use a variety of indicators to analyze or recognize trends and also execute trades automatically. You can automate your trading using efficient trading software and obtain excellent results. This will be discussed in detail in subsequent paragraphs.
Bittrex is a cryptocurrency exchange based in the US with Headquarters in Seattle, Washington. Founded five years ago, the exchange has grown to be one of the largest cryptocurrency exchange on a daily trading bases. The website of the company constantly gets improved giving it a good reputation of online security as it has never failed anyone. Bittrex, being one of the largest crypto to crypto exchanges offers a vast number of trading pairs into bitcoin – Some of the major cryptocurrencies listed in Bittrex are darkcoin, nextcoin and litecoin. Not leaving out NeuCoin and Ethereum.
It is understood that Bittrex is a currency that has other cryptocurrencies like BTC, ETH. It also includes more than 190 other cryptocurrencies which are considered Fiat currencies, for example, the USD. A Fiat money is a currency that has no intrinsic value unless established by government regulation. So if a government does not maintain the value of a Fiat money, it will have no use value. Recently, Bittrex added TrueUSD in their list of currencies. TrueUSD is a stablecoin supposedly backed by the US Dollar.
So a Bittrex bot, what is it?
A Bittrex bot, which is an artificial intelligence is a tool used to automatically trade on the Bittrex cryptocurrency exchange. The Bittrex cryptocurrency exchange is very fast, reliable, plus, it has never had any security issues- a true prove that machines can do the work better where humans might fail due to normal human limitations. Unlike several platforms that offer the ability to get cryptocurrency from fiat, Bittrex allows you to trade using a Bittrex robot. As a result, it only allows exchanges, not sales or purchases of currencies. For the sales and purchase of currencies, you will have to use an intermediary platform to convert your currency into Ether or Bitcoin. You can also use EXMO or CEX.io. This trading site- Bittrex has a large number of crypto currencies, with no less than 190 different assets. In addition, the transaction fees are very affordable and are set at a single rate of 0.255% per trade.
Understanding the basics of Bitcoin
Since Bittrex offers a vast number of trading pairs into bitcoin, we need to understand what Bitcoin is, or how it is traded.
Bitcoin is a cryptocurrency, which is generated via the process called "mining". This is essentially the use of the processing power of your computer to resolve complex algorithms known as "blocks." Another means of obtaining Bitcoin is to simply buy it, exchanging physical currency for digital at a Bitcoin exchange like Mt.
You can be a genius with algorithm, symbols or be an expert in online trading, but most often, just being a human can hinder you reach absolute success in this domain. It is always imperative for the use of an efficient software that will automatically do your trading when it comes to Bittrex Bot. Not that the whole work is done by the software, but human intelligence and presence merged with the great work of the software ensure a steady, protected and more reliable trading.
There are many Bitcoin trading bots, but if you are looking for an Auto Bitcoin Trading Review, you will Bitcoin TradeRobot being the most recent and strong platform to use, though it might not be the Best Cryptocurrency Trading Bot.
Bitcoin TradeRobot is an automated trading bot that uses artificial intelligence to purchase and sell cryptocurrencies seeking the highest return on investment. This program was initiated by a team of technology and cryptocurrency professionals who saw the treasure behind creating such a product in the market.
Basically, Bitcoin TradeRobot uses the versatile nature of the cryptocurrency market to predict how people will invest, then buys cheap parts and sells them at a high price. The company claims that this program can be used for cryptocurrency trading because it will earn most of the time and will lose so seldom on transactions that it will be profitable. AI Crypto Trading
Earning through Bitcoin
There are a lot of ways to earn via Bitcoins. There are also a lot of software, platforms online that will tell you they can help you generate more income with bitcoin. Most of the software also supports an amazing number of different exchanges, such as Bitfinex, Huobipro, Bittrex, Poloniex, Bitstamp, OKcoin, HitBTC, Coinbase Pro, Binance, Kraken, Bleutrade. Looking for the best Bitcoin Bot Software. But keep in mind that Bitcoin is generated through mining. Bitcoin mining is simply the processing of transactions in a digital currency system. Here, the records of the current Bitcoin transactions, also known as blocks, are added to the record of past transactions, called a blockchain... In return, you are awarded a certain amount of Bitcoins per block.
In the cryptocurrency market, there is never closure or sleeping. This is an extremely stressful scenario unlike stock markets, especially for traders and also occasional investors in this industry. Users familiar with investing in cryptography will also be familiar with the feeling of joy or sadness; you can get up one morning and you are greeted with either a pleasant or unpleasant surprise, mostly when you check your wallet and see significant gains or losses.
This is a niche market and due to its volatility, trading bots have become increasingly popular among traders by allowing them to stay in control of their trading at any time- the bot does not sleep even when the trader does. In addition, a properly specified bot allows transactions to be executed faster and more efficiently than the trader could do manually.
That's as simple as it can be. We all know that the world of financial technologies, especially digital develop and so many things can just change in short notice. Also know How To Automate Bitcoin Trading. So stay awake, blockchain users and believers because Bitcoin cryptocurrency trading is an ongoing revolution and Bittrex is just getting started!
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Bittrex Bots

Bittrex Bots
BITTREX BOTS
Bittrex Bots
Bittrex bot is an automated Cryptocurrency trading bot, don’t take a step to stop your Cryptocurrency trading; don’t hesitate to stop your investment in Cryptocurrency market, but why! We have designed an artificial intelligence bot i.e. Bittrex bot, which helps you as a right hand partner in any Cryptocurrency trading in a complete day and night. Bittrex bot, an automated artificial intelligence bot which helps traders get money from Cryptocurrency market.
The use of this bot is an automated Cryptocurrency trading functions, whenever you choose to trade in Bitcoin, Ethereum, Dashcoin, Litecoin, Ripple, NEO via- any Cryptocurrency trading platforms like Bittrex, Bitmex, Binance, Poloneix, Kucoin you will be sure of making substantial amount of extra income through Bittrex Bots. Our bot allows trading for all pair of digital currencies, if you are really looking for a way of getting profit in trading, Bittrex bots is a best way to maximize your profit and minimize your loses. However there are so many Cryptocurrency bots moving into the crypto trading market, but Bittrex bot is newly established bot that describes itself as the first Artificial Intelligence bot for Cryptocurrency trading market; this bot most popular Cryptocurrency trading bot that varies in quality, profitability and usability.
Bittrex Bot, is basically a bit portion of software that has been designed to analyze the whole Cryptocurrency trading market. This will shake your Cryptocurrency market, because it is developed by customized trading strategies, Afterward the analyze of market Bittrex will trade on behalf of you.
Our Bittrex Bots has;
§ Transparency
§ Accuracy
§ Reliability
§ Profitability
§ Customized Strategies
§ Over all experience
§ Security
§ Ease of use
Let’s start today your trade with Bittrex bots by a smart way of trading on Cryptocurrencies, this bot can remove your all emotions from Cryptocurrency trading, because Bittrex Bot can trading completely 24/7.
BITTREX BOTS
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Blockchain Wallets

Hello! My name is Inna Halahuz, I am a sales manager at Platinum, the largest listing service provider for the STO and ICO projects. We know all about the best and most useful STO and ICO marketing services.
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What a Blockchain Wallet is? What is its purpose?
Find the answer after reading this article.
Public/Private Key
The public key is the digital code you give to someone that wants to transfer ownership of a unit of cryptocurrency to you; and a private key is what you need to be able to unlock your own wallet to transfer a unit of a cryptocurrency to someone else. The encoding of information within a wallet is done by the private and public keys. That is the main component of the encryption that maintains the security of the wallet. Both keys function in simultaneous encryption systems called symmetric and asymmetric encryption. The former, alternatively known as private key encryption, makes use of the same key for encryption and decryption. The latter, asymmetric encryption, utilizes two keys, the public and private key, wherein a message-sender encrypts the message with the public key, and the recipient decodes it with their private key. The public key uses asymmetric algorithms that convert messages into an unreadable format. A person who possesses a public key can encrypt the message for a specific receiver.
Accessing wallets
Methods of wallet access vary depending on the type of wallet being used. Various types of currency wallets on an exchange will normally be accessed via the exchange’s entrance portal, normally involving a combination of a username/password and optionally, 2FA (Two factor authentication, which we explain in more detail later). Whereas hardware wallets need to be connected to an internet enabled device, and then have a pin code entered manually by the user in possession of the hardware wallet in order for access to be gained. Phone wallets are accessed through the device on which the wallet application has been downloaded. Ordinarily, a passcode and/or security pattern must be entered before entry is granted, in addition to 2FA for withdrawals.
Satoshi Nakamoto built the Satoshi client which evolved into Bitcoin in 2009. This software allowed users to create wallets and send money to other addresses. However, it proved to be a nightmarish user experience, with many transactions being sent to incorrect addresses and private keys being lost. The MtGox (Magic the Gathering Online exchange, named after the original intended use of the exchange) incident, which will be covered in greater detail later, serves as a reminder of the dangers present in the cryptosphere regarding security, and the need to constantly upgrade your defenses against all potential hacks. The resulting loss of 850k BTC is a still unresolved problem, weighing heavily on the victims and the markets at large. This caused a huge push for a constantly evolving and improving focus on security. Exchanges that developed later, and are thus considered more legitimate and secure, such as Gemini and Coinbase, put a much greater emphasis on vigilance as a direct result of the MtGox hacking incident. We also saw the evolution of wallet security into the physical realm with the creation of hardware wallets, most notable among them the Ledger and Trezor wallets.
Types of Wallets & Storage Methods
The simplest way to sift through the dozens of cryptocurrency storage methods available today, is to divide them up into digital and non-digital, software and hardware wallets. There are also less commonly used methods of storage of private keys, like paper wallets and brain wallets. We will examine them all at least briefly, because in the course of your interaction with cryptocurrencies and Blockchain technology, it is essential to master all the different types of hardware and software wallets. Another distinction must be made between hot wallets and cold wallets. A hot wallet is one that is connected to the internet, and a cold wallet is one that is not. Fun fact: The level below cold storage, deep cold storage has just recently been implemented by the Regal RA DMCC, a subsidiary of an internationally renowned gold trading company licensed in the Middle East. After having been granted a crypto trading license, Regal RA launched their “deep cold” storage solution for traders and investors, which offers the ability to store crypto assets in vaults deep below the Almas Tower in Dubai. This storage method is so secure that at no point is the vault connected to a network or the internet; meaning the owners of the assets can be sure that the private keys are known only to the rightful owners.
Lets take a quick look at specific features and functionality of varieties of crypto wallets. Software wallets: wallet applications installed on a laptop, desktop, phone or tablet. Web Wallets: A hot wallet by definition. Web Wallets are accessible through the web browser on your phone or computer. The most important feature to recognize about any kind of web wallet, is that the private keys are held and managed by a trusted third party. MyEtherWallet is the most commonly used non-exchange web wallet, but it can only be used to store Ethereum and ERC-20 tokens.
Though the avenue of access to MEW is through the web, it is not strictly speaking a web wallet, though this label will suffice for the time being. The MEW site gives you the ability to create a new wallet so you can store your ETH yourself. All the data is created and stored on your CPU rather than their servers. This makes MEW a hybrid kind of web wallet and desktop wallet. Exchange Wallets: A form of Web Wallet contained within an exchange. An exchange will hold a wallet for each individual variety of cryptocurrency you hold on that exchange. Desktop Wallets: A software program downloaded onto your computer or tablet hard drive that usually holds only one kind of cryptocurrency. The Nano Wallet (Formerly Raiwallet) and Neon wallet for storage of NEO and NEP-5 tokens are notable examples of desktop wallets Phone Wallets: These are apps downloaded onto a mobile phone that function in the same manner as a desktop wallet, but actually can hold many different kinds of cryptocurrency. The Eidoo Wallet for storing Ethereum and its associated tokens and Blockchain Wallet which currently is configured to hold BTC, ETH and Bitcoin Cash, are some of the most widely used examples.
Hardware wallets — LedgeTrezoAlternatives
Hardware wallets are basically physical pathways and keys to the unique location of your crypto assets on the Blockchain. These are thought to be more secure than any variety of web wallet because the private key is stored within your own hard wallet, an actual physical device. This forcibly removes the risk your online wallet, or your exchange counter party, might be hacked in the same manner as MtGox. In hardware wallet transactions, the wallet’s API creates the transaction when a user requests a payment. An API is a set of functions that facilitates the creation of applications that interact and access features or data of an operating system. The hardware then signs the transaction, and produces a public key, which is given to the network. This means the signing keys never leave the hardware wallet. The user must both enter a personal identification number and physically press buttons on the hardware wallet in order to gain access to their Blockchain wallet address through this method, and do the same to initiate transfers.
Paper Wallets
Possibly the safest form of cryptocurrency storage in terms of avoiding hacking, Paper Wallets are an offline form of crypto storage that is free to set up, and probably the most secure way for users, from beginners to experts, to hold on to their crypto assets. To say it simply, paper wallets are an offline cold storage method of storing cryptocurrency. This includes actually printing out your public and private keys on a piece of paper, which you then store and save in a secure place. The keys are printed in the form of QR codes which you can scan in the future for all your transactions. The reason why it is so safe is that it gives complete control to you, the user. You do not need to worry about the security or condition of a piece of hardware, nor do you have to worry about hackers on the net, or any other piece of malware. You just need to take care of one piece of paper!
Real World Historical Examples of Different Wallet Types
Web Wallet: Blockchain.info Brief mechanism & Security Blockchain.info is both a cryptocurrency wallet, supporting Bitcoin, Ethereum and Bitcoin cash, and also a block explorer service. The wallet service provided by blockchain.info has both a Web Wallet, and mobile phone application wallet, both of which involve signing up with an email address, and both have downloadable private keys. Two Factor Authentication is enabled for transfers from the web and mobile wallets, as well as email confirmation (as with most withdrawals from exchanges). Phone Wallet: Eidoo The Eidoo wallet is a multi-currency mobile phone app wallet for storage of Ethereum and ERC-20 tokens. The security level is the standard phone wallet level of email registration, confirmation, password login, and 2 factor authentication used in all transfers out. You may find small volumes of different varieties of cryptocurrencies randomly turning up in your Eidoo wallet address. Certain projects have deals with individual wallets to allow for “airdrops” to take place of a particular token into the wallet, without the consent of the wallet holder. There is no need to be alarmed, and the security of the wallet is not in any way compromised by these airdrops.
Neon Wallet
The NEON wallet sets the standard for web wallets in terms of security and user-friendly functionality. This wallet is only designed for storing NEO, Gas, and NEP-5 tokens (Ontology, Deep Brain Chain, RPX etc.). As with all single-currency wallets, be forewarned, if you send the wrong cryptocurrency type to a wallet for which it is not designed, you will probably lose your tokens or coins. MyEtherWallet My Ether Wallet, often referred to as MEW, is the most widely used and highly regarded wallet for Ethereum and its related ERC-20 tokens. You can access your MEW account with a hardware wallet, or a different program. Or you can also get access by typing or copying in your private key. However, you should understand this method is the least safe way possible,and therefore is the most likely to result in a hack. Hardware: TrezoLedger Brief History Mechanism and Security A hardware wallet is a physical key to your on-chain wallet location, with the private keys contained within a secure sector of the device. Your private key never leaves your hardware wallet. This is one of the safest possible methods of access to your crypto assets. Many people feel like the hardware wallet strikes the right balance between security, peace of mind, and convenience. Paper Wallet Paper wallets can be generated at various websites, such as https://bitcoinpaperwallet.com/ and https://walletgenerator.net/. They enable wallet holders to store their private keys totally offline, in as secure a manner as is possible.
Real World Example — Poor Practices
MtGox Hack history effects and security considerations MtGox was the largest cryptocurrency exchange in the world before it was hacked in 2014. They were handling over 70% of BTC transactions before they were forced to liquidate their business. The biggest theft of cryptocurrency in history began when the private keys for the hot wallets were stolen in 2011 from a wallet.dat file, possibly by hacking, possibly by a rogue employee. Over the course of the next 3 years the hot wallets were emptied of approximately 650000 BTC. The hacker only needed wallet.dat file to access and make transfers from the hot wallet, as wallet encryption was only in operation from the time of the Bitcoin 0.4.0 release on Sept 23rd 2011. Even as the wallets were being emptied, the employees at Mt Gox were apparently oblivious to what was taking place. It seems that Mt Gox workers were interpreting these withdrawals as large transfers being made to more secure wallets. The former CEO of the exchange, Mark Karpeles, is currently on trial for embezzlement and faces up to 5 years in prison if found guilty. The Mt Gox hack precipitated the acceleration of security improvements on other exchanges, for wallets, and the architecture of bitcoin itself. As a rule of thumb, no small-to-medium scale crypto holders should use exchange wallets as a long-term storage solution. Investors and experienced traders may do this to take advantage of market fluctuations, but exchange wallets are perhaps the most prone to hacking, and storing assets on exchanges for an extended time is one of the riskiest ways to hold your assets.
In a case strikingly similar to the MtGox of 2011–2014, the operators of the BitGrail exchange “discovered” that approximately 17 million XRB ($195 million worth in early 2018) were missing. The operators of the exchange were inexplicably still accepting deposits, long after they knew about the hack. Then they proceeded to block withdrawals from non-EU users. And then they even requested a hard fork of the code to restore the funds. This would have meant the entire XRB Blockchain would have had to accept all transactions from their first “invalid” transaction that were invalid, and rollback the ledger. The BitGrailexchange attempted to open operations in May 2018 but was immediately forced to close by order of the Italian courts. BitGrail did not institute mandatory KYC (Know your customer) procedures for their clients until after the theft had been reported, and allegedly months after the hack was visible. They also did not have 2 factor authentication mandatory for withdrawals. All big, and very costly mistakes.
Case Study: Good Practice Binance, the Attempted Hack
During the 2017 bull run, China-based exchange Binance quickly rose to the status of biggest altcoin exchange in the world, boasting daily volumes that surged to over $4 billion per day in late December. Unfortunately, this success attracted the attention of some crafty hackers. These hackers purchased domain names that were confusingly similar to “binance.com”. And then they created sufficiently convincing replica websites so they could phish traders for their login information. After obtaining this vital info, the scammers created API keys to place large buy orders for VIAcoin, an obscure, low volume digital currency. Those large buy orders spiked VIA’s price. Within minutes they traded the artificially high-priced VIA for BTC. Then they immediately made withdrawal requests from the hacked BTC wallets to wallets outside of the exchange. Almost a perfect fait accompli! But, Binance’s “automating risk management system” kicked in, as it should, and all withdrawals were temporarily suspended, resulting in a foiled hacking attempt.
Software Wallets Web/Desktop/Phone/Exchange Advantages and Limitations
As we said before, it is inadvisable to store crypto assets in exchange wallets, and, to a lesser extent, Web Wallets. The specific reason we say that is because you need to deliver your private keys into the hands of another party, and rely on that website or exchange to keep your private key, and thus your assets, safe. The advantages of the less-secure exchange or web wallets, are the speed at which you can transfer assets into another currency, or into another exchange for sale or for arbitrage purposes. Despite the convenience factor, all software wallets will at some point have been connected to the internet or a network. So, you can never be 100% sure that your system has not been infected with malware, or some kind of keylogging software, that will allow a third party to record your passwords or private keys. How well the type of storage method limits your contact with such hazards is a good way to rate the security of said variety of wallet. Of all the software wallets, desktop and mobile wallets are the most secure because you download and store your own private key, preferably on a different system. By taking the responsibility of private key storage you can be sure that only one person has possession of it, and that is you! Thereby greatly increasing the security of your crypto assets. By having their assets in a desktop wallet, traders can guard their private key and enjoy the associated heightened security levels, as well keep their assets just one swift transfer away from an exchange.
Hardware Wallets Advantages and Limitations
We briefly touched on the features and operation of the two most popular hardware wallets currently on the market, the Ledger and Trezor wallets. Now it will be helpful to take a closer look into the pros and cons of the hardware wallet storage method. With hardware wallets, the private keys are stored within a protected area of the microcontroller, and they are prevented from being exported out of the device in plain text. They are fortified with state-of-the-art cryptography that makes them immune to computer viruses and malware. And much of the time, the software is open source, which allows user validation of the entire performance of the device. The advantages of a hardware wallet over the perhaps more secure paper wallet method of crypto storage is the interactive user experience, and also the fact that the private key must at some stage be downloaded in order to use the paper wallet. The main disadvantage of a hardware wallet is the time-consuming extra steps needed to transfer funds out of this mode of storage to an exchange, which could conceivably result in some traders missing out on profits. But with security being the main concern of the vast majority of holders, investors and traders too, this slight drawback is largely inconsequential in most situations.
Paper Wallets Advantages and Limitations
Paper wallets are thought by some to be the safest way to store your crypto assets, or more specifically, the best method of guarding the pathways to your assets on the Blockchain. By printing out your private key information, the route to your assets on the Blockchain is stored 100% offline (apart from the act of printing the private key out, the entire process is totally offline). This means that you will not run the risk of being infected with malware or become the victim of keylogging scams. The main drawback of using paper wallets is that you are in effect putting all your eggs in one basket, and if the physical document is destroyed, you will lose access to your crypto assets forever.
Key things to keep in mind about your Wallet Security: Recovery Phrases/Private Key Storage/2FA/Email Security
Recovery phrases are used to recover the on-chain location for your wallet with your assets for hardware wallets like ledgers and Trezors that have been lost. When you purchase a new ledger for example, you just have to set it up again by entering the recovery phrase into the display and the lost wallets will appear with your assets intact. Private key storage is of paramount importance to maintain the safety of your on-chain assets! This should be done in paper wallet form, or stored offline on a different computer, or USB device, from the one you would typically use to connect to the 2 Factor Authentication (2FA) sometimes known as “two step authentication”. This feature offers an extra security layer when withdrawing funds from cryptocurrency wallets. A specialized app, most commonly Google Authenticator, is synced up to the exchange to provide a constantly changing code. This code must be entered within a short time window to initiate transfers, or to log into an exchange, if it has also been enabled for that purpose.
You must always consider the level of fees, or the amount of Gas, that will be needed to carry out the transaction. In times of high network activity Gas prices can be quite high. In fact, in December 2017 network fees became so high that some Bitcoin transactions became absolutely unfeasible. But that was basically due to the anomalous network congestion caused by frantic trading of Bitcoin as it was skyrocketing in value. When copying wallet addresses, double check and triple check that they are correct. If you make a mistake and enter an incorrect address, it is most likely your funds will be irretrievably lost; you will never see those particular assets again. Also check that you haven’t input the address of another one of your wallets that is designed to hold a different variety of cryptocurrency. You would similarly run the very great risk of losing your funds forever. Or, at the very least, if you have sent the wrong crypto to a large exchange wallet, for example on Coinbase, maybe you could eventually get those funds back, but it would still entail a long and unenjoyable wait.
How to Monitor Funds
There are two ways to monitor you funds and your wallets. The first is by searching for individual wallet addresses on websites specifically designed to let you view all the transactions on a particular Blockchain. The other is to store a copy of your wallet contents on an application that tracks the prices of all cryptocurrencies. Blockchain.info is the block explorer for Bitcoin, and it allows you to track all wallet movements so you can view your holdings and all the historical transactions within the wallet. The Ethereum blockchain’s block explorer is called Ether scanner, and it functions in the same way. There is a rival to Ether scanner produced by the Jibrel Network, called JSearch which will be released soon. JSearch will aim to offer a more streamlined and faster search method for Ethereum blockchain transactions. There are many different kinds of block explorer for each individual crypto currency, including nanoexplorer.io for Nano (formerly Rai Blocks) and Neotracker for NEO. If you simply want to view the value of your portfolio, the Delta and Blockfolio apps allow you to easily do that. But they are not actually linked to your specific wallet address, they just show price movements and total value of the coins you want to monitor.
That’s not all! You can learn how to transfer and monitor the funds in and out of your wallet by clicking on the link.
To be continued!
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MyCryptoBit - The most profitable "Trading Bot" for cryptocurrencies

MyCryptoBit – Better than every Trading Bot
Hello, first of all, in this article I will tell you something really amazing. But this is just my opinion. You will find here Texts directly from their homepage but you will also find my opinions. I am using their app now since 2 months and I am really, really. I mean really satisified. I made around 40% on my initial investment of 10’000$. This means I made around 4000$ in just two months in a bearmarket where everyone was losing money. And now that I know that it’s working I want to share it with you. But I suggest everyone, don’t believe me anything, but make your own image! Visit their website, create an account and download the app, create a 1 month package, and you will see how amazing it is !
(If you find grammar errors, I’m sorry. For all grammar nazis you can leave a comment or write me an email)
What is MyCryptoBit ?
MyCryptoBit is a research and media company which one focuses on analyzing the entire market in the area of new technologies. Our value is based on the cryptomarket. We offer real crypto news, a coin portfolio, daily bitcoin-analysis, aridrops, ico-recommendations and a full-automated tradingservice. We transmit our informations to our subscribers in a user-friendly database via software-based application.
Our product is the world’s first cryptocurrency application that includes everything important about the cryptomarket.
My opinion :
So quickly said, mycryptobit is a app on which you have different features. In the app you have « All you need » to make money in the crypto market. In my opinion this is correct, you have features where you can make a lot of money even as a beginner and I think this is revolutionary. And you have informative features like the Daily Analysis or the Market News.
FEATURES OF THE APP
ICO RESEARCH
It can be tricky to find the ICO’s which actually get listen on a exchange. We provide backed ICO reviews from our Experts.
My opinion :
Av very nice feature. The performance since the beginning of the year is 11000% just with ICO’s! Sounds not possible? It’s all fully transparent and you can look all the ICOs and performance at: https://www.mycryptobit.io/performance. But this is an incredible number, seriously, noone believes you this. But what it shows to me is that you can make a lot of money with icos, but 70% are scams and a lot of them fail. This means you need to do a lot of research which is done by experts from mycryptobit.
ARIDROP SERVICE
Catch every airdrop with our service and get your free coins up to 1000$ a month!
My opinion :
I tested it by myself and I can say that it’s true ! The best Airdrop until yet was 150$ with only 15 Minutes of «Work»
ONE TAP TRADING
With our service, it is possible to trade for everyone. Get a push up notification and follow our trades by one simple tap !
My opinion :
This feature is actually the most amazing in my opinion. You can connect your app with binance (Bittrex and even Bitmex are planned), then you receive signals from real traders, located in switzerland. In this signals you have a buy zone, a take profit target (Or more than one) and you have a stoploss. Now when you make a trade, then the app automatically buys the coins, and sells them in the takeprofit or stoploss. Important is that the app does this with the api and can’t see how much coins you have and it can’t withdraw anythings. So it’s really safe. And this is fucking amazing! This makes it possible for everyone to make money with trading. Last year a lot of newbes came into the cryptomarket and lost a lot of money because the coulnd’t trade. With mycryptobit everyone can profit from the know-how of real expert traders and make money with it.
The performance talks for itself. Since August, there was mad ea percentage of 1100% acumulated. This means when you made every trade with 10% of your capital, you would have made around 110%. The company is fully transparent and you can look at every trade on: https://www.mycryptobit.io/performance
LONG TERM COIN PORTFOLIO
Handle your long term portfolio as our experts do and get notification when you should take a bag of coins !
My opinion :
This feature is not live yet so I can’t really say anything about it.
DAILY BITCOIN ANALYSIS
Our daily bitcoin analysis is for free. We share our analysis with you, in this way you know exactly what could happen in the market within 24 hours.
My opinion :
Very good Analysis. The traders in the background do a very good job with the daily bitcoin analysis.
IMPORTANT MARKET NEWS
The cryptomarket is full of news. Make sure, you get the most important and real ones, hand selected by our researchers.
My opinion :
Very interesting news everyday and here I know that these news are not fake. Can be very useful and informative.
PRICING
Our prices of our paid features are more than fair and of course there’s a discount if you directly decide to go your way with us for a longer time ! You can download our app for free and use our free tools. Further, you can sign up in our bakcoffice for free to have a look what we offer.
To unlock all features, you need to become a full member of mycryptobit.
1 Month package : 167$
3 Month package: 500$
6 Month package: 900$
12 Month package : 1500$
Lifetime Package : 5000$
My opinion :
I already used some telegram signal chats and some of them cost like 0.05 BTC per month! And there I had to go to the exchange, set the order, stop loss and take profit and this consumed way to much time. With the mycryptobit signals you get a push notification, press one button and everything is done for you. All in all I would say the price is extremely good. I tell all my friends they should first use the 1 Month package to convice themselves. All of them bought the 12 Month package. So I can understand when you are critical, I was too, and that’s why I say make your own image.
NETWORK MARKETING
The company uses Network Marketing to sell the product. If you mix up Network Marketing with a swonball system or if you don’t know what it is, I have here a video for you: https://www.youtube.com/watch?v=gtYnIJ2JHb8
So now back to the marketing plan. The company will pay out 55% of the revenues as comissions on 10 levels. Then 5% of their monthly profit will be given to their members who reached the top 5 ranks.
So shortly said, if you like the product and you recommend it to a friend, you will get a percentage as a commision. In my opinion this is very fair and it can also give you the chance to make more money besides of you job (next to the profits where you can make with the app itself) or there are even people who only do Network marketing. It’s a really awesome job and way better than a 9 to 5 job. So when you want to break out of your life and do something else than your actual job, this can also be a chance.
I won’t go further into details but if you want to know more about it you can go to: https://www.mycryptobit.io/affiliate
NEXT STEPS
Now if I were you I would download the free app, visit their homepage, look at their team and performance, use the free app and make a 1 Month package to test it for yourself and when you convinced yourself (Which I think you will) then you can buy a longer package for 6 or 12 months.
As discussed before, the company uses Network Marketing to sell the product. You can only register with a referral link. When you register over the homepage you will get a random referral link of a Founder. But if you want to support me, I would be happy if you would use my referral link which doesn’t cost you anything and you would help a young man to help achieve his goals and visions.
Register : https://app.mycryptobit.io/join/?ref=3836
If you have any further questions to me then feel free to contact me via Email : [[email protected]](mailto:[email protected])
Or you can contact me by phone (Write me a mail and I will share my phone number)
Here you can download the free app :
Apple Store :
https://itunes.apple.com/ch/app/my-cryptobit/id1391728554?mt=8
Google Play Store :
https://play.google.com/store/apps/details?id=com.storm.android.cryptofeed
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Ist Bitcoin Trader Betrug? (Erfahrungen und Test) - YouTube Tutorial: How to Automate Cryptocurrency Trading in ... Crypto Trading Software Full Automated [Binance Bot 2020 ... How to get set up on Bitcoin Exchange in Meta Trader 4 ... Binance Bot Tutorial - Intro Python Auto Trading Software - Chapter 1 Binance Bot Step-By-Step Install Open Source Crypto Trading Software - Python Binance 2018 How to Setup A CryptoHopper Automated Bitcoin Crypto ... Download Binance Bot FullAutomated Trading Software (Free ...

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Ist Bitcoin Trader Betrug? (Erfahrungen und Test) - YouTube

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