Category Archives: Finance

cryptocurrency

What can happen to the universal currency?

But, as many might have predicted, the ships perish begin to call for an end. According to some who believe in the prophecy of John the Apostle about the end times in the book of Revelation, bitcoin can be a sign of the beast.

They say that in the end, all financial transactions will be controlled by the Antichrist government … and a lot of really bad things. Believe it or not, it’s still a pretty creepy picture.

Even many unbelievers have their doubts. They believe that the excessive digitization of entire monetary systems unacceptably exposes entire societies to hackers along with the tragic risks of fraud and embezzlement. After all, the cryptocurrency is anonymous, so vile types should not fear being exposed.

Even worse, since cryptocurrency records are completely digital without a central repository, and with an incorrect backup, the entire balance can be destroyed by a single computer failure.

cryptocurrency

But here’s the thing. Bitcoin is great with bitcoin bots. Merchants like to accept digital currencies because transactions cannot be canceled by a bank or intermediary. And anyone can access the cryptocurrency, unlike banking services that require identification and, often, credit checks, not to mention transaction fees!

 How can Bitcoin become a stable currency?

Technically, we are already accustomed to world trade and currency. The Internet allows us to conduct business between two points on Earth and beyond, while products such as Visa and Mastercard or services such as PayPal allow us to accurately, instantaneously and without problems the digital exchange of several currencies.

So, is not the universal digital currency the next logical step, eliminating the notorious intermediaries? In addition, transactions are made directly from the peer-to-peer network, avoiding banks with their obsessive rules and commissions.

bitcoin

CoinBase is one of GDAXCryptocurrency Space’s most recognized names

Coinbase offers a secure and user-friendly forum for everyone, whether you are a novice in ropes or a seasoned operator with investments in many cryptocurrencies. Indeed, the price is based on your payment method for a flat fee or a variable percentage fee of the transaction amount.

Some years ago, if you had huge capital and decided to sell cryptography, these charges could add to your efforts and place an important financial burden. That’s when Coinbase decided to create a forum with extensive experience in crypto trading for highly active individual traders. The world’s digital asset exchange or GDAX was the name.

What Is Gdax?

Coinbase for professional traders launched the GDAX marketplace in 2015. The main features are unbelievably low fees and superfast transactions. GDAX allows you to position a market order, a limit order or a stop order and provides experienced traders with a genuinely comprehensive experience.

Let’s take a look at some of the GDAX advantages and disadvantages:

bitcoin

Advantages

1) Simple to migrate. You don’t need to be concerned if you already have a Coinbase account and tell yourself “how to move from the coinbase to GDAX.” You can directly and free of charge move your money from Coinbase to GDAX.

2) It is a wide range of different market order models like FOC, GTC, and OIC.

3) It is supported in USD, Euro, and GBP is permitted. GDAX only allows USA, UK and European citizens to trade in cryptocurrencies available on their network

Disadvantages:

1) The range of GDAX is restricted. Only a few users from selected countries can buy and sell cryptocurrencies with the help of the fiat currency.

2) Only USD, Euro, and GBP trading are permitted in the supported countries. GDAX permits the trading of cryptocurrencies only on its network for the US, UK, and European citizens.

3) For beginners, the use of GDAX is not permitted. Newbies to cryptography may find the complexities of the Platform difficult to navigate, particularly when coming from Coinbase, one of the easiest crypto trading platforms in use.

bitcoin exchange

How the bitcoin exchange trading platform works?   

Cryptocurrency and bitcoin exchange remains as a one of the most used digital currencies after the financial upgrade. At present, many people are willing to do online transactions with digital currencies and it is easier for them to handle their financial structure. Although the bitcoin and cryptocurrencies has several purposes and they are often used for trading purposes. When it comes to online Forex trading, bitcoin is widely used sources. Thus bitcoin exchange trading platform remains to be intermediate between buyer and seller to use cryptocurrencies. Moreover when people are profited with numerous bitcoin in the trading platform they need to convert the bitcoin into respective fiat currencies so all people would reach out to bitcoin exchange trading platform. The bitcoin exchange market is the place where the traders are allowed to sell different types of bitcoin and buy various bitcoin using fiat currencies.

bitcoin exchange

Different bitcoin exchange platform:

When people search for bitcoin exchange trading platform then they can find several best bitcoin exchange platforms on online and among them traders should choose the best bitcoin exchange platform. Although the bitcoin exchange is more profitable and it is quite risky too, so traders should be careful enough to choose the right platform for bitcoin exchange. Moreover, bitcoin exchange works are similar to broker agents so traders are allowed to deposit the money in the wallet using bank transactions. Based on the price value of cryptocurrencies the traders can sell and buy the bitcoin in the bitcoin exchange platform.

 

 

BETTING WITH BITCOIN

BITFUTURES A NEW EXPERIENCE IN BETTING WITH BITCOIN

All BitFutures contracts are denominated in Bitcoin, not fiat currency. This allows our users to fund their account in a quick, inexpensive, private, and hassle-free way.Since the value of our micro-contracts is so small, users can begin trading with a similarly small amount of Bitcoin.

Bet on sports with Bitcoin

HOW TRADE ARE MARGINED

View the ‘Specs’ tab for a given market to reveal margin requirements and implied leverage levels.Binary contracts do not have per-contract, fixed margin requirements. Instead, the margin requirement for a binary contract is equal to the maximum sustainable loss on an open position in said contract, marked to market in real-time. Note that that all binary contracts ultimately settle at either 0.00 or 100.00.Example: Being long one binary contract @ 60.00 will yield a margin requirement of 60.00 since that represents the maximum potential loss. Being short one contract @ 60.00 yields a margin requirement of 40.00 (100.00 – 60.00) since 40.00 is the maximum loss. Sign up today and Bet on sports with Bitcoin today you will not get a big lose we care for you and we want you to gain enough profit with us.

HOW DO YOU RESPOND TO MARGINE CALLS

A margin call is triggered when the liquidating value of your trading account dips below the maintenance margin requirement of your open positions. You must respond to the margin call in one of two ways:Add sufficient Bitcoin to your account to cover the margin deficit. See your ‘balances’ page to obtain the deficit amount or liquidate some or all of your open positions to lower your margin requirement.Once a margin call is triggered, your positions may be force-liquidated at any time. For this reason, it’s highly recommend that you keep excess Bitcoin on-hand that exceeds your anticipated initial margin requirements. This will give you a bit of cushion if markets turn against you, lowering the likelihood of a margin call and subsequent forced liquidation.  You should also note in mind that margin calls can only occur when trading traditional (non-binary) futures contracts. If you only trade binary contracts, you’ll never receive a margin call.

BANK ACCOUNT

When you click on the bank account button in bitcoin it will display the following options, deposit and you will use this when you want to deposit bit coin in your bank account and withdraw when you want to withdraw bitcoin from your bank account and invest or divest bitcoin to or from your trading account or move it or from a third-party pool. If you have any pending transactions in your account either deposits or withdrawal you will be told here.