What Is Bitmax

bitmax token

The exchange believes that multi-lingual support is important for building a blockchain-based digital asset trading platform. Thus, considering the USDC balance on the exchange’s wallets through the period, those funds were flipped hundreds and even thousands of times. Another trans-fee mining pair XRP/BTC also showed pieces of evidence of unnatural trading activity. Considering all these facts we can conclude that most part of BitMax trade volume is manipulated. BitMax is a digital asset exchange / crypto exchange that serves the crypto space via no less than 62 active markets.

bitmax wallet main
trading volume

The maximum leverage can be used for trading Ether and Bitcoin against Tether. Margin trading is one of the main ways to boost your profits and earn significant amounts of money through trading. Margin trading requires a strong understanding of the market and good experience, though. All cryptocurrencies can be traded against USDT or BTC, and the only pair without BTC or USDT is LINK/ETH. When you click on any pair you are interested in, you get to the exchange interface with a candlestick chart, order book, section where you can form and post orders, and so on. Some crypto exchanges manage to gain huge liquidity in just several months or a couple of years.

Supported FIAT Currencies:

Furthermore, there are certain lock-up rules on large-top game development software software development order to reduce the possibility of sudden influx of tokens on the secondary market, less sell pressure. Secondly, by holding on to your mined BTMX tokens, you can potentially have additional gain by returning your tokens to the platform at the higher market price later. Thirdly, by allowing people to trade BTMX on the platform, this also brings about higher liquidity to the secondary market. The developments in the cryptocurrency market act as a tailwind for Bitmax, because its customized crypto trading offer has the potential to attract an increasing number of customers. All the brand has to do is keep the same level of professional services and constantly upgrade its offering, so trending cryptos will be part of its offer. With its ecosystem, Bitmax wants to be one of the brands having a significant contribution to increasing the popularity of cryptocurrencies.

Both consumers are allocated, assisted, and helped with a personal account manager each time. ICO Drops receives a fee for advertising certain token sales, in which case such listing will be designated accordingly. Buyers use our vendor rankings to shortlist companies and drive requests for proposals . Users can now long or short the Blur token with up to 50x leverage via two new listings. Many exchanges charge what we call taker fees, from the takers, and what we call maker fees, from the makers.

tokens

There is currently a supply of 780,615,274 BXMT tokens with more than 660 million in circulation through various exchange platforms. You have to deposit $1000 or more for them to deposit new customers money anything under you get a pop up saying unavailable for new customers at this time. Eiro Group Review Company’s Highlights Eiro Group represents a well-suited online trading platform… From the perspective of Liquidity, Cyber Security and Marketing analysis, we can conclude that BitMax cannot be considered a trustworthy exchange. As such we can hardly call it a stable and liquid place for trading. However, it relatively safe in terms of Cybersecurity, thus, the final choice depends on your personal decision only.

AscendEX registered in Singapore.How many trading pairs are traded on AscendEX ? AscendEX has $248,529,054.09 trading volume in last 24 hours. ERC20 BAND will be listed initially with BandChain native token to be supported shortly after the network launches and stabilizes. From the LINE BITMAX Wallet main menu, select the digital asset you want to send from Tokens or Items. US residents can use other cryptocurrency exchange platforms such as Coinbase, Kraken, Gemini, Bittrex and Poloniex. It is known that multiple exchange companies decide to stop serving the United States because of the strict regulatory policies imposed by the CFTC .

With a series of open and fair market rules, the exchange aims to boost the liquidity of the overall market, support blockchain structural optimization, and enhance market depth. Response with code as 0 to indicate batch is successfuly received by server and pass some basic check. BitMax is founded by a group of Wall Street quantitative traders who designed the platform for reliability and speed of trade execution, and ease of connectivity.

Q&A For AscendEX (BitMax) Exchange

HDR Global Trading Limited is incorporated in Seychelles and has offices worldwide. BitMax is a crypto-exchange based in Singapore that began in July 2018. On 23 February 2018, the domain name bitmax.io was created. Concerning its security, BitMax uses a 3-level KYC system and employees monitor trading patterns with artificial intelligence algorithms. The range of products and services at Bitmax reduce the friction and complexity in today’s content supply chain.

According to the https://coinbreakingnews.info/ announcement, the new name reflects the team’s belief in the bright future of cryptocurrencies. The name and the new logo must make us think of the ascending trend on the market. The change of the name helps to avoid confusion with Bitmex, a different crypto exchange founded in 2014.

Users will be able to protect their accounts with strong passwords and the 2FA system. No, Ascendex users can withdraw their funds without having to go through the KYC process. However, verified users can withdraw up to 100 BTC, while unverified users have a 2 BTC for 24 hours withdrawal limit. George Cao is the founder and CEO of the Ascendex platform, who along with other Wall Street expert partners like Ariel Ling started the exchange and decide its future. We use dedicated people and clever technology to safeguard our platform. Claim your profile to access Trustpilot’s free business tools and connect with customers.

WS: Query Open Orders on Symbol

“coid” is original order id provided by user for each order. Response with 0 code and status Done to indicate the order request is partially filled, fully filled, or rejected by matching engine. Return normal ‘Ack’ response if no order status update within 5 seconds.

  • If the subscription is successful, you will receive at least one ack message confirming the request is successful and you will start receiving data streams.
  • We suggest using your digital assets or sending them to another wallet before deleting your account.
  • More details can be found in the Order Request Criteria section.
  • You need to specify the account when subscribing to the order channel.
  • To put it another way, mining is the process of obtaining the BTMX token by simply trading on the platform and paying transaction fee for both Maker and Taker trades.

BitMax also offers trading for an extensive list of over 200 alt-coins, making it an excellent choice for anyone interested in trading lesser-known coins. AscendEx also holds a large portion of its digital assets in cold wallets and some are kept in a hot wallet to support the liquidity of its trading ecosystem. Moreover, it supports advanced trading features such as margin or futures trading. Founded by a group of dynamic Wall Street trading veterans, AscendEX is a global digital asset financial platform. The AscendEX exchange caters to over a million institutional and retail traders.

Bitmax is a Chinese cryptocurrency exchange platform founded in 2018 so it has been around for some period of time now. The company’s goals are to build an autonomous platform suitable for investors of any level. We’re excited to be listed on another major global cryptocurrency exchange who will be supporting Band Protocol strategically by running a validator node on the BandChain decentralized oracle network. For cash and margin modes, Ascendex transaction fees will depend on the user’s VIP level and the cryptocurrency with which they are operating. Taker fees can range from 0.015% to 0.075%, while maker fees can range from 0.00% to 0.085%, with a possible rebate up to -0.010%.

To put it another way, mining is the process of obtaining the BTMX token by simply trading on the platform and paying transaction fee for both Maker and Taker trades. With reverse mining, you first earn trading commissions from BitMax.io through the execution of Maker trades. When you place an order that doesn’t fill immediately partially or fully and sits on the order book waiting to be matched, the trade is Maker trade. Then the platform deducts the equivalent market value of BTMX that you hold in the account.

These digital tokens are the underlying aspect of the economic model of blockchain technology. And as the BitMax team believes that blockchain technology is further improving the innovation and advancement of the financial market. With this vision in sight, the AscendEX team launched AscendEX, a next-generation digital asset trading platform. Let’s take a deep dive into what is AscendEX and what its features are. BitMax’s CEO and promoter finds the trade to be the new digital assets trading facility for the third generation. In reality, the last year saw a fast development, with an average adjusted turnover of 208 million dollars every 24 hours.

This listing highlights BitMax’s commitment to supporting the rapid growth of the NFT ecosystem. Tap Send to have a verification code sent to your linked LINE account via chat message. You may no longer be able to use some services if you delete your LINE BITMAX Wallet account. Please inquire with the service provider before deleting your LINE BITMAX Wallet account.

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