CoinCheckup

Author: External Team

  • Paradox Group Launches new Crypto Marketplace

    Paradox Group Launches new Crypto Marketplace

    Many blockchain and digital asset companies find it hard to advertise effectively. Not only have these companies been barred from mainstream advertising networks like Facebook and Google Ads, but they must often work with individual publishers or subpar advertising companies to market their services/products.

    In order to solve this issue and to bring a wider diversity of marketing strategies to companies in the cryptosphere, the Paradox Group, a marketing agency focusing on advertising for blockchain companies, has recently launched a new advertising marketplace. A one-stop shop for blockchain advertisers looking to increase their visibility and reach the right target audience, be it crypto enthusiasts, institutional investors, or day traders .

    Through the Paradox Group advertising Marketplace, advertisers will be able to access different types of advertising products to fit their specific needs. From sponsored articles, press releases to news jacking for SEO and brand awareness to all types of display advertising for user acquisition.

    To achieve this, the company has spent a long time gathering high tier publishers and resources. As so, Paradox ensures that blockchain companies are met with the right target audiences and demographics. Advertisers can choose between different publishers or pick from multiple pre-made packages that have shown results in the past.

    The advertising marketplace lets users choose how autonomous they want to be, allowing them to set up campaigns by themselves if they have a good idea of what they need, but also to receive full support when it comes to pack arrangement and campaign management. Not only are advertisers able to create their desired campaigns with the help of the experts at Paradox Group, they can also outsource the entire work to Paradox Group which has been creating effective campaigns for advertisers in the crypto world for over 2 years now.

    The new advertising marketplace is now out and available for use. Advertisers can try out the platform and even earn spending rewards according to their budgets which will give them free advertising items or sponsored posts to use in future campaigns or in addition to the campaign purchased.

    Payment is accepted in over 50 currencies, including USD, Bitcoin and many other cryptocurrencies and tokens. Advertisers will have access to a support centre with live chat support and full campaign management.

    About Paradox

    Founded in 2019 by Milo and Paul, the Paradox Group focuses on creating useful connections with the best blockchain and cryptocurrency-centric publishers and resources on the web. As so, Paradox Group is able to offer advertisers fully customizable campaigns that reach their desired and unique target audiences and demographics. To learn more about the Paradox Group and to try out the advertising marketplace, visit the website.

  • Matic Network Joins Ethereum as the Second Blockchain to Integrate Chainlink Price Feed Oracles

    Matic Network Joins Ethereum as the Second Blockchain to Integrate Chainlink Price Feed Oracles

    We are happy to announce that Chainlink has been successfully deployed live on Matic Network as our recommended oracle solution for developers. Matic is the second blockchain, after Ethereum, to actively integrate Chainlink Price Feed oracles! Five price feeds have already been launched on the Matic mainnet: MATIC/USD, USDC/USD, ETH/USD, USDT/USD, and DAI/USD, with many more to come as a means of supporting the growing demand of DeFi on Matic Network.

    Several DeFi projects building on Matic have already committed to using Chainlink, including EasyFi’s undercollateralized lending protocol, PlotX’s prediction markets, and several more projects soon to be announced. Through Chainlink, these dApps can execute key DeFi functions such as checking loan collateralization, minting and swapping synthetic assets at fair market prices, settling prediction markets, and more.

    In addition to Chainlink Price Feeds for DeFi, Chainlink VRF (Verifiable Random Function) will also be launching in the near future on Matic Network to support a new wave of scalable gaming applications reliant on provably fair randomness. Several projects on Matic Network are already working on implementing Chainlink VRF into their protocol, such as Aavegotochi, FarmTogether, and more to be announced. 

    Outside of Price Feeds and VRF, Chainlink will also be available as a general-purpose oracle solution for connecting to any off-chain API, empowering development of virtually any externally connected blockchain application. One such project taking advantage of Chainlink’s flexibility and uniquely launching on Matic Network is Digital Bridge, a 2FA oracle built using Chainlink that allows developers to build an extra security layer into their smart contracts.

    Chainlink was selected as the preferred oracle solution on Matic Network because it provides Matic developers with access to high quality data, decentralized oracle infrastructure, Sybil resistant oracle nodes, and transparent processes so users and developers can monitor how the oracle networks and the individual nodes function in real-time. The end result is highly available, accurate, manipulation resistant, and transparent oracle networks for getting any off-chain resource necessary for success.

    The market leading Chainlink Price Feeds have proven to secure over $4 Billion in USD value on mainnet for startup and established DeFi projects, including AAVE and Synthetix. We’re confident that Chainlink Price Feeds are an optimal solution for Matic DeFi developers needing secure, reliable, and ready made oracle solutions that can easily be integrated into their protocols. This both accelerates their go-to market timelines and helps them avoid the many pitfalls of trying to build their own oracle solutions or relying on unproven alternatives. 

    If you are a DeFi developer on Matic and want to start using Chainlink Price Feeds, check out our documentation or reach out to us in the Chainlink and/or Matic Discord.

    Stay tuned for future announcements and documentation for how to use Chainlink on Matic, including the launch of Chainlink VRF on Matic mainnet.

    About Chainlink

    Chainlink is the most widely used and secure way to power universal smart contracts. With Chainlink, developers can connect any blockchain with high-quality data sources from other blockchains as well as real-world data. Managed by a global, decentralized community of hundreds of thousands of people, Chainlink is introducing a fairer model for contracts. Its network currently secures billions of dollars in value for smart contracts across the decentralized finance (DeFi), insurance and gaming ecosystems, among others.

    Chainlink is trusted by hundreds of organizations to deliver definitive truth via secure, reliable data feeds. To learn more, visit chain.link and follow @chainlink on Twitter.

    Developer Docs | Discord | Reddit | YouTube | Telegram | Events | GitHub | Price Feeds | DeFi

    About Matic Network

    Matic is a developer-first hybrid POS+Plasma sidechain on top of Ethereum, enabling Ethereum developers to scale their DApps for large scale usage.

    Matic is rapidly becoming the go-to Layer 2 Solution for developers, thanks to secure, scalable and instant transactions, secured by Ethereum. There are 70+ Dapps building on Matic, ranging from DeFi Protocols to thrilling games and prediction markets.

    Deploy your existing Ethereum DApp in less than 15 minutes! Get started with our documentation here.

    Website | Twitter | Reddit | YouTube | Telegram | Events

  • 1xBit Introduces New Casino Slot Tournament MAGNIFICENT SEVEN

    1xBit Introduces New Casino Slot Tournament MAGNIFICENT SEVEN

    19th November 2020, Limassol, Cyprus – Introducing MAGNIFICENT SEVEN, the latest 1xBit Casino slot tournament that whisks players away to a Wild West adventure where they can win an attractive prize fund of 500mBTC and more than 1500 free spins. The slot game takes players deep into the world of the wild west plains with cozy towns of lively characters.

    Tournament Prizes

    In this tournament, players can take on competitors to win irresistible prizes. The tournament has an ace in the hole, giving players a good chance of winning from a valuable prize pool. The prize fund will be distributed as follows:

    • 1st place – 250 mBTC;
    • 2nd place – 100 mBTC;
    • 3rd place – 50 mBTC;
    • 4-6th places – 20 mBTC;
    • 7-10th places – 10 mBTC;
    • 11-20th places – 100 free spins in CRAZY STARTER;
    • 21-30th places – 50 free spins in WEST TOWN.

    MAGNIFICENT SEVEN

    Based on the 1960 film The Magnificent Seven (or 2016 remake) the slot game portrays the adventures of 7 Wild West brave cowboys who set out as bounty hunters to hunt down a man that had taken a town.

    To take part, participants must play slots from Spinomenal, Betsoft, Booongo, ELK, Endorphina, iSoftBet, and Pragmatic Play. These top slot game providers have released some of the best slot games out there, including John Hunter, Nights of Egypt, Aztec Gold Megaways and many others. The exciting new tournament starts on November 19th and lasts till December 21st, brought to you by 1xBit Casino. 

    1xit Casino Sign-up Bonus

    1xBit is the one-stop destination for online casinos. It has been at the forefront of the industry for years, and with its many incentives, it is no surprise at all. Users of the platform are given huge benefits not found on any other platform like it. For instance, 1xBit gives a welcome bonus up to 7 BTC to its new users for the first four deposits made. Moreover, the platform is very flexible, with over 25 cryptocurrencies for players to choose from. This allows players to use their favorite cryptocurrencies for gambling.

    Slots And Security

    The crypto casino has more than 5,000 slots from 100+ game providers to ensure that users never run out of options on what to play. There are also live dealers, which makes the fun and rewards endless. At the same time, players don’t have to worry about their privacy, as the platform is fully anonymous with no player private information at risk, making gambling on the online casino safer than ever before.

    The tournament holds great rewards for the players who are brave enough to participate. Win great rewards today by signing up on 1xBit and joining the bounty for the prizes that await you. Also, enjoy the benefits of playing on 1xBit with countless bonuses and incentives today. Remember, you can win more by taking part in the tournament! Like they say in the Wild West: “If it seems worth the effort, it probably is.”

    For more information about 1xBit, please visit – https://1xbit.com/
    Check out the official 1xBit blog for the latest articles – https://1xbit.com/blog/

    Media Contact Details

    Contact name: Anastasia Semenova
    Email: marketing@1x-bit.com

    1xBit is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

  • Crypto.com Joins the International Digital Asset Exchange Association

    Crypto.com Joins the International Digital Asset Exchange Association

    Hong Kong, November 17th, 2020 — Crypto.com has become a member of the International Digital Asset Exchange Association (IDAXA). The organization sets industry standards and plays a major role in advancing dialogue regarding proposed regulations. The admission of Crypto.com into IDAXA is indicative of how the cryptocurrency app and exchange platform is committed to this shared goal and mission. Members of IDAXA include Singapore Cryptocurrency and Blockchain Industry Association, Blockchain Australia, Hong Kong Blockchain Association, and Switzerland Crypto Valley Association.

    IDAXA rose to prominence at the V20 summit last year in Osaka, Japan where an MoU was signed, with the goal of driving collaboration between regulators and the digital asset industry. Next week, the V20 will meet again in Riyadh, Saudi Arabia, with Crypto.com now ranked among its members. Chief on the agenda will be discussion of the FATF’s Recommendation 16, better known as The Travel Rule, which governs self-declaration of assets for citizens passing through customs.

    Crypto.com Chief Compliance Officer Antonio Alvarez said: “Joining IDAXA is yet another example of our commitment to achieve our mission of accelerating the world’s transition to cryptocurrency. IDAXA plays a pivotal role in bringing together the global blockchain and cryptocurrency industry to engage with legislative bodies, agencies and regulators. We look forward to participating in the development of regulations and global industry standards, such as compliance with FATF Recommendation 16.“

    We’re delighted to welcome Crypto.com as a Corporate Member of IDAXA,” said Anson Zeall, Chairman of IDAXA. “Not only are they one of the largest cryptocurrency companies in the world, with a presence in major global markets, but their values are closely aligned with those of our organization. Together, we look forward to collaborating with the goal of fostering better standards and championing financial transparency. This will give the crypto industry greater legitimacy while enhancing its reputation in the eyes of regulators and the public alike.

    About Crypto.com

    Crypto.com was founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. Crypto.com serves over 5 million customers today, providing them with a powerful alternative to traditional financial services through the Crypto.com App, the Crypto.com Visa Card, the Crypto.com Exchange and Crypto.com DeFi Wallet. Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks. Crypto.com is headquartered in Hong Kong with a 600+ strong team. Find out more by visiting https://crypto.com

    Open Crypto.com Account

    For press enquiries: press@crypto.com

    About IDAXA

    IDAXA represents the global interests of industry, trade associations and Virtual Asset Service Providers (VASPs). Its founding partners favor a unified approach in response to the Financial Action Task Force (FATF) guidelines surrounding AML and KYC compliance for virtual asset transactions. IDAXA was established during the V20 summit in Osaka, Japan, a two-day industry summit for the world’s leading Virtual Asset Service Providers (VASPs).

  • 1inch Integrates with MyEtherWallet

    1inch Integrates with MyEtherWallet

    1inch swaps will now be available directly in MEW users’ wallets.

    As 1inch team aims to offer users more diverse options for crypto swapping and staking, also improving their experience, today 1inch announces an integration with MEW (MyEtherWallet), a well-known wallet and client interface for interaction with the Ethereum blockchain.

    Wallet integrations are essential to 1inch as they enable users to take advantage of provided services directly in their wallets. Meanwhile, with more than one million monthly users, MEW is one of the most popular Ethereum wallets in operation.

    This integration will expand MEW’s functionality for swapping coins directly from within their wallets, adding more options.

    Through MEW’s free and open-source interface, users can store, send and receive ETH and any other ERC-20 tokens. MEW is compatible with a range of mobile, browser, and hardware wallets including MetaMask, Ledger, Trezor, Trust wallet, Coinbase wallet and many others. Most importantly, users’ funds and keys stay in their possession at all times.

    “1inch has built a DEX aggregator that embodies some of the best aspects of decentralization,” says Kosala Hemachandra, MyEtherWallet’s founder and CEO. “Working with them to make their platform more accessible to MEW users was an easy decision for us. DeFi is still in an experimental stage, and companies like 1inch are paving the way for greater adoption.”

    The high traffic from MEW will increase 1inch’s market penetration and enhance its position as a leading DEX integrator.

    “1inch aims to save users time and money by offering the best swap rates in the fastest possible time,” says Sergej Kunz, 1inch co-founder and CEO. “With the MEW integration, they will have more options for swapping tokens directly in their wallets, as coin offerings will substantially expand.”

    “This partnership with MyEtherWallet, a long-established player in the crypto space, comes as a validation of 1inch’s rapid growth and product development,” he adds.

    The 1inch team expects this integration to substantially increase the platform’s trading volume, while, at the same time, opening access to 1inch services to a large number of MEW customers.

    About 1inch 

    1inch (https://1inch.exchange/) is a decentralized exchange aggregator that sources liquidity from various exchanges and is capable of splitting a single trade transaction across multiple DEXs. Smart contract technology empowers this aggregator enabling users to optimize and customize their trades. Launched in May 2019 by Sergej Kunz, CEO, and Anton Bukov, CTO, 1inch has surpassed $5B in overall volume in just over a year. In August 2020, the 1inch team released Mooniswap (https://mooniswap.exchange/) – an AMM (automated market maker) where LP (liquidity provider) earnings are dramatically increased by slowing down price changes to prevent arbitrage traders from earning up to 100% of the swap slippages (Mooniswap intro video). In November 2020, 1inch was updated to version 2 which major highlights are Pathfinder, an API that contains a new discovery and routing algorithm, and an intuitive, user-friendly UI. 1inch has already integrated support for top DEXs including Uniswap v1 and v2, Balancer, Curve, Kyber, SushiSwap, DODO, Oasis, Mooniswap, and many more.

    About MyEtherWallet

    MEW (https://www.myetherwallet.com) is a nexus point for transacting in the Ethereum ecosystem, providing unprecedented access, a secure wallet, multi-faceted integration possibilities, and comprehensive education that allows anyone to quickly take advantage of all the benefits crypto finance has to offer.

    For five years, MEW has been the leading wallet interface, providing to anyone free, open source, and secure access to the Ethereum blockchain. Today, MEW is an access point for the entire Ethereum ecosystem.

  • Spend Crypto on Amazon and Other Top E-Commerce Platforms with Shopping.io

    Spend Crypto on Amazon and Other Top E-Commerce Platforms with Shopping.io

    The adoption of digital assets is trending upwards, but cryptocurrency holders still can’t spend their coins at many of the most popular retail services. Whether it’s because of the volatility of cryptocurrencies or just the fact that the technology is still fresh, major platforms like Amazon, eBay and Walmart do not accept cryptocurrency for payments.

    Even though it’s possible that these companies could change their cryptocurrency policies in the future, Shopping.io is solving the problem for cryptocurrency holders right now. The Shopping.io platform allows users to shop at the largest e-commerce platforms with over 100 different cryptocurrencies.

    Cryptocurrency have plenty of reasons why they’d prefer to pay with digital assets and not with fiat currency. Cryptocurrencies function in a decentralized manner and can be sent to anyone across the globe in a 24/7 manner. Due to their decentralized design, transaction fees are often much lower than what users have to pay for using traditional payments systems.

    Shopping.io supports Amazon, eBay, Walmart and over 100 cryptocurrencies

    Users who want to shop at their favorite platforms with cryptocurrency now have an extremely convenient way of doing so. Setting up an account on Shopping.io only takes a minute – enter your email, set a password, and your good to go. Once you log in to your account, you can start searching for products on Amazon, eBay and Walmart. When you’re ready to purchase the item, you’ll be asked to provide your shipping information. Then, you’re ready to make your cryptocurrency payment!

    Shopping.io has integrated CoinPayments, one of the largest cryptocurrency payment processors in the world. Thanks to this integration, you can pay with over 100 different cryptocurrencies when buying products on Shopping.io. Thanks to the massive selection of supported coins, it’s not just about Bitcoin or Ethereum, but altcoin fans are covered as well.

    Now is a great time to be using Shopping.io

    Since cryptocurrencies offer low transaction fees, Shopping.io can save on credit card processing fees. This makes it possible for the platform to provide a better experience to its users, for example by offering free shipping from Amazon and eBay. Shipping.io users from the United States can accept to get their items delivered with 2 days, and they can take advantage of the standard 30-day refund and return policy.

    At the moment, users are able to create accounts for free and Shopping.io is also offering a 10% discount on all items, which will only be available for a limited time. Moving forward, users will have the option of choosing a Starter or Pro account, with the 10% discount being reserved for Pro users only.

    Shopping.io is working to upgrade its platform even further, and plans to introduce a number of new features. This will include a Shopping.io token, which will provide even bigger discounts of up to 15% to its holders. In the near future, Shopping.io will also add AliExpress as a supported retailer.

    Currently, the Shopping.io platform only ships items to the United States. 

    Learn more about Shopping.io:

  • Bybit becomes new International Champion Partner of Borussia Dortmund

    Bybit becomes new International Champion Partner of Borussia Dortmund

    Dortmund, Germany (November 5, 2020): Borussia Dortmund (“BVB”) is further driving its international marketing and expanding its presence in Asia. The club is excited to launch a global multi-year partnership with the innovative tech company Bybit.

    Borussia Dortmund has experienced rapid growth internationally and was able to expand its fan base around the globe as well as establish fruitful partnerships. Heavily involved in the club’s international efforts and new businesses were its Singapore and Shanghai offices, which are just some of the touchpoints BVB shares with its new international Champion Partner Bybit.

    Established in 2018, Bybit is an ambitious challenger in the market and one of the fastest growing cryptocurrency platforms. Like Borussia Dortmund, Bybit’s corporate colors are black and yellow; like Borussia Dortmund, Bybit focuses on the fundamentals and never stops to improve; like Borussia Dortmund, Bybit values talent and commits to building a supportive playing field, on which talents can meet the moment and rise to the occasion; therefore, it was a natural choice for Bybit to connect with BVB to further expand its European business.

    “We are thrilled to be a Champion Partner of Borussia Dortmund. As a young and ambitious company, we identify with the authenticity and youthful energy for which BVB is well-known around the globe, as well as the diligence and relentlessness that Borussia Dortmund players radiate. It is no wonder the club has one of the most passionate fan communities in the world,” stated Bybit’s co-founder and CEO Ben Zhou. “The intensity and the passion of BVB go beyond the football field. Through this partnership, we want to demonstrate to everyone that we are here for the long run. With a storied history, a proven record of success, and deep ties with its community, BVB is our ideal partner. From one black and yellow to another — we are proud to call ourselves firstly fans of Borussia Dortmund and secondly Champion Partner.”

    Carsten Cramer, managing director of Borussia Dortmund, said: “BVB is both a club of long tradition and one that is open-minded and innovative. We are impressed by how responsibly Bybit acquits itself in its business approach, and glad to be a first-mover in Germany to collaborate with a brand in the cryptocurrency sector. We look forward to seeing this partnership help build trust and confidence in the sector and in our community.”

    BVB is looking forward to collaborating with the rising player in the cryptocurrency market in the upcoming years. This new partnership is an equally clear signal for sport to embrace innovative technologies in an increasingly digital world, and for innovative technologies to connect with the sporting world. 

    About BVB

    Borussia Dortmund is one of the most successful football clubs in Germany: as well as eight German Bundesliga titles and four German Cup victories, Dortmund has also won the European Cup Winners’ Cup, the Champions League in 1997, and also the Intercontinental Cup (World Cup Championship) in that very same year. With over 159,000 members in total, it is one of the five largest sports clubs in Germany and is the seventh largest worldwide.

    About Bybit

    Bybit is a cryptocurrency trading platform established in March 2018. The company provides online trading services to international individual retail clients as well as professional traders.

    For more information please visit: https://www.bybit.com/   

    For updates, follow Bybit’s social platforms on Twitter and Telegram.

  • Crypto2Mobile.com offers top ups and recharges of mobile phone accounts and many other vouchers

    Crypto2Mobile.com offers top ups and recharges of mobile phone accounts and many other vouchers

    Crypto2Mobile.com is a very handy and smart service, where one can buy mobile top ups and recharges of airtime for cryptocurrency. Company is integrated with Reloadly as a partner delivering top-ups and with Paycoiner as a partner delivering crypto payment services. Crypto2Mobile.com also uses its own code depot in order to provide vouchers and recharges in better prices. It will soon be implemented together with the new page layout and new, optimized payment process. Also new categories of vouchers will be available for cryptocurrency. 

    There will be 5 domains of top ups and vouchers:

    • The 1st group of recharges are telecom recharges for BTC, ETH, BCH, LTC or others, airtime and pin codes for over 9000 mobile and fixed operators from 150 countries. The company is delivering recharges for all global players, including T-Mobile, Vodafone, Orange, AT&T, Verizon, NTT, China Mobile, Unicom or Telefonica. From Africa they serve Airtel, MTN, Tigo and hundreds of more. The process is automated, so the customer will be able to make a transaction within 35 secs. Here is a short video of how it works: https://crypto2mobile.com/welcome-to-crypto2mobile/
    • 2nd category are Games and Apps. These include cryptocurrency sales of vouchers for Steam, PSP, Microsoft, Google Play, AppStore, iTunes, Minecraft, Nintendo and many more. Users get their voucher within seconds and can recharge accounts in games or application stores. The company has bought already domain: crypto2game.com
    • 3rd group of vouchers is associated with travel – this means available vouchers for cryptocurrency for Booking.com, Airbnb, Hotels.com, Uber, Bolt and many more travel options. In the future there will be available air and train tickets and more accommodation options. We hope also car-rental vouchers will be available for cryptocurrency with Cypto2Mobile, such as: Budget, Avis, Enterprise, Sixts or Thrifty. This service will be also available under domain crypto2travel.com.
    • 4th group of vouchers sold for crypto on crypto2mobile.com includes marketplaces and shopping options. Here, we will find all giants, such as vouchers for bitcoins to top up Amazon, AliExpress, Ebay, DX, Allegro, Zalando to mention just the biggest. It would be easy to convert cryptocurrency such as Bitcoins or Ethereum into vouchers on the biggest trading platformy and convert value into any sort of physical goods we need. No surprise that also these categories will be accessible from separate domains, in this case which is crypto2shopping.com.

    Crypto2mobile.com will also offer recharges and account top ups for streaming media services, including Netflix, Spotify, YouTube, iTunes and many other sorts of streaming options. For BTC or ETH or BCH users will be able to instantly access streaming services. This category would be also accessible from a separate domain: crypto2media.com.

    To summarizing, there will be a whole family of services, accessible under clear domain segmentation: crypto2mobile.com, crypto2game.com, crypto2travel.com and crypto2shopping.com and crypto2media.com.

    Whole project looks very interesting, also because of allowing 3rd parties to integrate in white label model. Founders foresee that cryptocurrency trading platforms, wallets or payment providers will benefit from the revenue share model and distribution of vouchers will speed-up if parties exclude the necessity of using FIAT money in between. The first partner, coincasso.io, is taking place in pilot implementation. CoinCasso users soon would be able to buy hundreds of vouchers and top ups without leaving their trading platform. More companies are watching the project and are expected here to come after successful implementation with coincasso.io.

  • How Bitsgap Makes Trading Efficient Again

    How Bitsgap Makes Trading Efficient Again

    Since entering the market in 2018, Bitsgap has offered a great experience to users in crypto trading, incorporating the latest features to enhance user experience (UX). Through our platform crypto traders have unlimited access to intuitive trading features previously only thought of in institutional investment firms and hedge funds with immense financial and human intelligence resources. Your experience will get even better with our latest update that brings new features to improve your trading profit margins and enhance overall UX.

    Update 1: Multifunctional Trading Terminal and Futures and Spot Trading Support

    To enable users to analyze the market faster and make better trade decisions, Bitsgap has updated the trading terminal. Now, users will access a decision-making panel for executing orders and managing their crypto exchange on the right side of the terminal. The left panel will display insightful infographics on cryptocurrencies. 

    The update adds futures and spot trading support on the platform. You are now a leap ahead to speculate on rising or falling markets and apply hedging strategies if you have open positions to protect. The multifunctional interface update is essential for your futures and spot trading as you can easily access data to monitor your trades. Bitsgap has also added Binance Futures and FTX for this new trading.

    Update 2: Fast and Responsive User Interface (UI)

    With the thin margins in crypto trading due to volatility, profit, or loss-making moves could be down to seconds. The latest Bitsgap update has an improved UI performance allowing you to quickly select cryptocurrencies and complete trade by a click.

    Update 3: Updated Automated trading bots

    To avoid complicating the user’s simplicity experience on our platform, Bitsgap deploys automated bots to follow a straightforward and time-tested strategy known as Grid trading. Using the new Grid Strategy, the bot allocates limit orders within a set trading range; buy-limit orders are placed below the current market price, and sell-limit orders placed above the current market price. With every executed buy-limit order, the bot places a new sell limit order above the executed price and vice versa. To ensure you generate more returns, this automated process is designed to be interchangeable.

    Using the Grid Strategy, the bot will analyze the price trends to buy at low and sell at high prices for high-profit margins, exploiting sideways, and rising markets. When markets are falling, a cost-average effect and a profit generated by the bot will offset the negative value change of a base currency.

    Update 4: Backtesting and Bot Statistics

    Bitsgap’s latest update also provides investors with a Backtesting tool, to help them evaluate the performance of their trades regarding their potential returns based on past trends data. This historical data accounts for price volatility and automated strategy settings to ensure results on expected returns are precise.

    Another feature of this update is the Bot Statistics. This tool provides users with detailed infographics on the returns generated by the active bot in a quote currency of any day for portfolio management and decision-making.

    In Summary

    Bitsgap still makes users experience a top priority, ensuring that your trading is smooth and your wallet is secure. These new features are reinforcement of these core principles of the platform.  If you don’t have a Bitsgap account yet, create one here in a few steps and get started with our 14-day free trial, without a credit card. You may also join our affiliate program and earn a 30% commission from every purchase by an invited friend.