The exchange market today is becoming more and more competitive as both centralized and decentralized exchanges with their competitive advantages are making their impact in the cryptocurrency economy. These exchanges provide platforms for many crypto enthusiasts to trade for different kinds of cryptocurrencies including the fiat. As the exchange markets continue to experience a rapid growth rate, there are loopholes left behind and it usually takes the visionary to notice these problems.
Well, most exchanges are much self-centred instead of being customer-centred. As a crypto trader, you must know which exchange platform provides the best services with the minimal transaction and trading charges, and with fantastic features on the platform, especially, when it comes to security issues. This article reviews a new cryptocurrency exchange – Bitcoinbing, with safer and secured medium endowed with lots of features and benefits.
What is wrong with existing cryptocurrency exchanges?
As earlier said, it takes an expert to see exactly what problem most exchanges do face. We traders usually do not take our time to analyze a particular exchange before starting to trade on such platforms. Perhaps, it may be the only exchange on which a particular coin of interest has been listed and so, we get faced with no option than to dance to the beat of such platforms.
We have all been in several crypto communities and many times we react negatively when we hear that a coin is going to be listed on a particular exchange. I won’t mention them because you know more of these exchanges yourself than I do. Well, just to say, I got to know a lot of hidden secrete behind exchange platforms after reading the Bitcoinbing whitepaper.
The haste for profit is one of the major factors that influence the systematic development of an exchange platform. Exchanges are meant to host billions of money and so, it must be well endowed with high-quality technological infrastructure. Currently, most of these exchanges we trade on lack lots of these supportive features. Again, the team hardly run the platform through the variety of prospective studies and testing the platform for efficiency before launching. This is a critical issue that Bitcoinbing would not want to repeat. The team has conducted a series of studies on blockchain and cryptocurrency exchange and has developed and have gone through years of testing their platform’s performance.
There have been a number of instances where current exchanges are being hacked by crypto-cyber criminals and traders who save their coins in an exchange wallet tend to lose all their finances to hackers due to poor security features. Not only do traders lose their finances, but a huge amount of data may also be compromised especially when the exchange is a centralized one. Sometimes, transaction fees on some exchanges really look scary to the trader. Some exchanges impose unreasonable charges on users for the services they provide. Well, we all know not how they came by these charges for specific transactions.
The bitcoinBing team are working tirelessly to ensure that all necessary security structures are in place and will leave no weak point for hackers. An interesting feature on BitcoinBing exchange is that all transaction details, duration and payment medium are decided by the parties involved. As such, there are no interferences from BitcoinBing. Interestingly, users make a transaction at a zero or very less transaction fee on BitcoinBing platform.
Poor customer service delivery coupled with other problems such as slow transaction is what we see these days on most of the exchanges. BitcoinBing exchange will make a tremendous difference with its great features.
About BitcoinBing
BitcoinBing is the new cryptocurrency exchange endowed with a series of unique features and with a maximum efficiency that makes it outstanding compared to any other typical cryptocurrency exchanges. As a blockchain based project, the exchange thrives on the p2p basic principle of blockchain technology and provides users with absolute control over trading. The platform can make incredible transaction orders of 1,000,000 orders in a second. Well, this is the fastest transaction I have ever come across. This clearly shows that your order will not be in a queue like we notice on other exchange platforms. BitcoinBing exchange also allows for the exchange of fiat for cryptocurrencies.
Possible Features of BicoinBing Exchange
- Zero Fee Structure
One of the competitive advantage for BitcoinBing is this feature on the platform. Holding the BING token guarantee users’ access to conduct transactions on the BitcoinBing platform without paying any transaction fee. You can conduct exchanges on different coins without paying a penny to the platform. No charges are imposed and no interference from the platform. - Multiple Currency Pairs
BitcoinBing platform offers multiple currency pairing which would enable users to execute multiple transactions at a go. According to BitcoinBing, this initiative provides the cutting edge to compete ahead of other exchanges. The exchange will also pair fiat with cryptocurrencies as well. - Full Stack Trade Desk
This particular feature entices traders to trade with all the assets and derivatives. The feature allows the user to conduct risk assessment and evaluation in order to make the right investment decision. BitcoinBing understands the principle of trading and investment and so would not want to put its users at risk. This is why the team has integrated this feature to help traders calculate and take precise treading strategies to arrive at their required profit. - Security
BitcoinBing will never underestimate security checks on the platform. It will continue to become the priority of the platform. The following mechanism and many more will be adopted and provided at any giving time; KYC for information accuracy and safety, 2FA authentication for both logins and withdraws, OTP Verification system, e-mail verification for both login and withdraw storage of all fundraised in a secured cold wallet, and encryption keys. - Token Buyback
To keep a balanced amount of BING tokens in the market and in the platform for users, the buy buyback principle will the instituted. The team proposes to allocate a portion of funds raised from the platform to buy the BING and burn every quarterly. In effect, the principle of supply and demand will create a quality value for the BING token. - High Speed of transaction
The onsite Bitcoinbing matching engine has a phenomenal transaction processing capacity that can handle up to 1,000,000orders/second. This is really an awesome speed. No more queues for transaction execution. - Desktop & Mobile App
The Bitcoinbing platform is developed for both desktop and mobile users. As the number of mobile users is increasing rapidly, BitcoinBing doesn’t want any of its users to lose a single transaction due to this limitation. The compatibility of the platform with different operating systems such as Windows, Android, iOS and Linux has been checked by industry experts at numerous stage. You may want to read more on other exciting features from the website or in the whitepaper.
BticoinBing Token Economics
Bing token is Bitcoinbing platform’s native token which gives traders zero trading fee when using it to pay a fee for trades made on BitcoinBing exchange. The Bing tokens are utility tokens and an ERC20 token i.e the tokens are compatible on ethereum blockchain. The token bears the name BING.
Investment info
PreICO price for 1 BING = 0.50 USD
Price in ICO 1 BING = 0.50 USD
Total Tokens for sale 150,000,000
Min. investment 0.2 ETH
Accepted payment methods include ETH, BTC
Distributed in ICO 15%
Soft cap 4,000,000 USD
Hard cap 40,000,000 USD
Useful links
WEBSITE
ANN
WHITE PAPER
TWITTER
FACEBOOK
TELEGRAM
LINKEDIN
Author: https://bitcointalk.org/index.php?action=profile;u=1619057
A very well planned project and has a very interesting idea, this company is definitely waiting for great success through blockchain technology.
great.. another nice innovation in the cryptospace. We need many of these to make the ecosystem better. Good blog