Bitmaxonline.com has already grown as a well known platform, which supports dealing with quite a number of cryptocurrencies in the market. With all the biggest currencies, here you get an excellent opportunity with trade and exchange with 200+ trading pairs and 40 different margin trading pairs.
Trading with BitMax is not only limited to cash/spot exchange, but there are also options with Leveraged trading, Stake trading and Copy trading services subscriptions. Being a trader, you can use such options to place your order purchasing or selling your favorite digital assets.
When the platform matching engines match with the orders, a trade happens. The other unmatched orders remain in the order book until it matches again.
By signing up to this platform and creating an account, you are ready to start trading. But for opening an account, your age needs to be more than 18 years old, while there can be some other terms and conditions based on the laws and legalities of your country.
Before starting your trade with this online trading, first you must provide the required identification information pursuant to our Compliance Program in which it is necessary to include anti-money laundering (“AML”) and counter-terrorism financing (“CTF”) reviews (“Compliance Program”).
It also offers leveraged trading options to its users, which means that even with a small capital deposit, traders can borrow money from the exchange to purchase the top crypto assets.
To make it clear that leverage is quite different from a loan. Compared to loans, in leverage trading, interest rates are pretty low while the trader is responsible for closing the position or keeping it open till it reaches the margin call.
Staking is similar to the process of mining in which traders can actively participate in the transactions validation process based on the proof of stake blockchain. Which such blockchains, anyone with the minimum capital of crypto assets can validate transactions and earn Staking rewards.
Copy Trading Service
Using the copy trading service, traders can follow the online trading activities of other traders. With this feature, BitMax gives you the ability to follow and copy the selected trader’s trading strategies, and view selected trader’s history, rankings, risk profile and other information showing their trading performance.
Before opting for this service, the user needs to acknowledge that they are responsible for their trading decisions even when they can’t be able to get results based on their expectations.
By analysing the details of other traders, usually you could be able to get a better grasp of the market and can make better decisions. But sometimes copying the whole thing as other traders may not go well , you need to be careful while taking any risk with copy trading.
By means of digital assets, here we are talking about cryptocurrencies , digital currencies based on cryptographic protocol of computer networks that may be centralized or decentralized, closed or open source, used as a medium of exchange and/or store of value.
The deposit is credited on the BitMax account and after the confirmation of the order on the blockchain (determined by the Company in its sole discretion).
The withdrawals of digital assets will typically be processed at the speed of a Digital Asset Network. As there can be situations when Digital Asset withdrawals may be delayed in connection with Stoppages or the congestion or disruption of a Digital Asset Network.
The cryptographic protocols are not under the control of this online trading platform, such protocols are open source which anyone can use, copy, modify and distribute. So the company is not responsible for the operation of the underlying protocols, and can’t guarantee security for that.
So, after going through the various services and features if you are ready to do online trading, you should also make sure to regularly check our updates and latest news about the top digital assets. That way you can be sure enough to trade while taking minimum risks in the market.