BITOP: EVERYTHING YOU NEED IN A CRYPTO EXCHANGE
Change, they say, is the only constant thing!
The financial world has experienced lots of changes right from when trade by barter was in active session to the introduction of paper money or anything generally accepted as a medium of exchange.
The latest thing happening in the financial world is the birth of Bitcoin, a digital money (cryptocurrency) born in early 2009, and subsequent virtual currencies that are in existence today.
Cryptocurrency is a peer to peer electronic medium of exchange that uses blockchain technology. It's imperative to note that 'blockchain' is a distributed ledger technology (DLT) embedded with the ability for data to be stored on a large number of servers all around the world.
The crypto space is reckoned with hundreds of millions of people transacting digital assets with an estimated daily volume of 200 billion U.S. dollars, and there are lots of individuals trooping in as the day proceeds.
Cryptocurrencies are exchanged, bought, sold, swapped, and other useful activities are carried out on CRYPTO EXCHANGES.
There are currently two types of Exchanges in operation, which are Centralized Exchange and Decentralized Exchange. The former is actually structured with a simple trading interface for everyone including newbies of cryptocurrency while the latter is associated with complexities.
FLAWS OF DECENTRALIZED EXCHANGE;
- LEGAL RESTRICTIONS FOR DEPOSITION OF FIAT CURRENCIES:
Decentralized Exchanges do not provide any suitable option for depositing fiat outside Over The County (OTC), and this could be as a result of bans/restrictions placed on cryptocurrency for some countries, and this pose difficulty for thousands of individuals joining crypto space on a daily basis.
- SLOW TRANSACTION SPEED:
60 to 80% of Decentralized Exchanges are using ethereum blockchain technology which uses a longer time (tens of seconds) for confirming transactions, this is weird compared to the speedy moves on Centralized Exchanges.
- HIGH FEE CHARGES:
It should not be a surprise for anyone in the crypto space, how high every transaction can be for any Exchange/Project using ethereum blockchain. As a matter-of-factly, some projects are migrating from ETH blockchain to other cost-effective blockchains like BSC, etc, due to high transaction cost.
- LITTLE/POOR CUSTOMER SATISFACTION:
Decentralized Exchange is noted for inability to handle certain trades of high frequency because of its slow nature thereby affecting transaction volume and liquidity.
- POOR RESPONSE TO ACTIVE CUSTOMERS:
Time is of essence! The digital world needs urgent and active attention so as to prevent hacking or any suspicious attempt. Remember, in Decentralized Exchange, you own your private keys, any loss, misplace or leakage is a doom for life.
Decentralized Exchanges respond poorly to complaints of urgent attention. Handling issues sent to mail and customer support takes hours if not days. Centralized Exchange is better in this aspect; telegram groups and other channels are made available for urgent needs.
INTRODUCTION TO BITOP EXCHANGE - A REMEDY TO FLAWS OF DECENTRALIZED EXCHANGE
Bitop, from Chinese origin symbolizes continuity in coach-enlargement and positive progress. This trading platform is out with interesting features to satisfy the quest for quality.
Bitop is defined by team members of a valuable number of years in blockchain technology, artificial intelligence (AI), digital asset exchanges, finance, etc, set out to contribute renowned experiences to the world of digital currency.
In addition, trading of Spot, Futures, Derivatives with other useful services like withdrawal and depositing of fiat/crypto without stress are accessible features on Bitop Centralized Exchange.
CORE OUTSTANDING FACTS ABOUT BITOP:
- Experienced Team Members
- Security and Privacy
- Scalability
- Easy/Friendly User Interface
BITOP’S UNIQUENESS;
REAL TIME DISCUSSION GROUP:
There's a 24/7 active discussion group created by Bitop Exchange, whose team of professionals are on standby to help customers handle any facet of challenges.
SIMPLICITY:
The point of interconnection between users and the platform is such that even newbies understand CFD trading quickly without any headache; the interface is user-friendly.
INNOVATIVE RISK CONTROL:
Though, it's risky not to take risks, but some risks should be calculated and well managed. With a good understanding of what losing of crypto assets could do to customers' emotional stay, Bitop uses modern day technology to manage risks.
More on this, is that, with a good understanding of Contracts for Difference (CFD), you can make profits by trading assets without owning them, you don't need a trading account or the use of a special wallet, you are provided with 24/7 opportunity to trade, etc. Risk management is given first class treatment here.
CLOSE A POSITION QUICKLY:
Bitop App is programmed to accept a-two-time click for either closing one or all CFDs simultaneously.
BITOP'S APP:
The simple app supports H5, PC Terminals and trading APIs. The market data displayed on the app is such that it meets the needs of customers without any condition to place and time provided there's a good internet connection.
FUN TRADING FUNCTION:
'All work with no play makes Jack a dull boy.'
The Bitop's Exchange understands the need to minimize emotional instability during trading, as a result, fun-filled activities are provided in the app.
HIGHLY INTELLIGENT DESIGN:
This is security-oriented Design to pop-up and push notifications for the safety of users' funds in case of any eventuality.
Bitop Security bulwark is built against cross-site attacks, injection attacks and even man-in- the-middle attacks. With strong security authorization, authentication, data verification (OTP), and auditing, hackers are given a tough time in the Bitop ecosystem.
Interestingly, on the Bitop's Exchange, Enterprise Digital Assets, Cross-border payment, Mining, Internet Finance and Copy trading are serious features one can leverage on.
BITOP TOKEN:
The Bitop's token with the ticker CNC is the native coin used in the Ecosystem. It's amazing to note that CNC holders will enjoy a discount on every transaction made on the platform and it will be rewarding if you 'HODL'.
BITOP'S ROADMAP:
April 2021:
Preliminary market research, proof of concept
May 2021:
Determine the name and logo, completion of white paper, and establish the core business model.
May 2021:
Bitop exchange was officially launched.
June 2021:
Continue research and development of core exchange infrastructure such as security protection, matching engine, and cross-chain protocol.
July 2021:
Build application modules with high ease of use and high convenience to prepare for commercial applications.
CONCLUSION:
Bitop is a platform secured enough for any investor to trade with. It's reliable, stable and transparent. Words wouldn't be enough to describe the UNIQUENESS of this Exchange, a try will convince you!
Visit the following links for other useful information not provided here:
AUTHOR'S INFORMATION:
Name: Francis Akpadiaha
Forum Username: Pope Francis
BEP2 (BUSD) WALLET ADDRESS:
bnb1hj4j3ev5tuyt5hy0vknza9cl36p5epdr5g0jda
