The Bittwatt Trading Platform

Bittwatt
5 min readOct 16, 2018

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Fast and efficient energy exchange, payments, trading, money transfers, virtual POS, these are just a few features on which Bittwatt works for its users, in order to provide them a future in which they worry less and have more time for what actually matters.

We are proud to put another brick on this solid wall we are building by presenting you our latest project, Bittwatt Trading, the first trading platform in the world that uses blockchain technology and allows energy trading.

The main features of our platform incorporate Energy Exchange, multiple types of Trading, as well as the traditional characteristics of a trading platform, features which we’ll be walking through within the following lines. We advise you to sit back and join us in the journey of discovering all that Bittwatt Trading is about.

First things first…

The Dashboard

The Bittwatt Trading Dashboard is the place that helps you find all the information you need regarding your activity on the platform.

Through the Dashboard, the user has an overview of the personal transactions history, the status of the market, as well as a dedicated Bittwatt chart. Here, users can also switch easily between wallets and convert both Crypto and FIAT to BWT in no time at all.

In order to complete and fully optimize the Dashboard, we have also added a News tab in which you can find the latest updates on the market.

Now we will be moving on to one of the most essential parts of our ecosystem, the Exchange. But before that, we will make sure that we have a fueled BWT wallet, as energy transactions can only be done with the use of BWT. For the moment you’ll just have to trust us on this one :)

Trading

…where the offer meets the demand

This truly is the place where the magic happens. In the trading menu you are able to trade various types of cryptocurrencies through BWT tokens fast, easy and efficient.

Here’s what you have to do:

  • pair BWT with the currency you wish to buy or sell in “Trading Pair”
  • go to the order box to select the order type, price and quantity

After these steps are completed, you’re able to place your order.

Looks pretty much like a normal exchange until now, right? If at this moment you are wondering why this trading platform is different from others, then you won’t be waiting much for receiving your answers, as everything is just about to be explained.

Besides using the Bittwatt token for crypto trading on the exchange, you can also use BWT for energy trading.

…guess the ones who trusted us in the past chapter and fueled their wallets with BWT are enjoying it now.

That’s right, you can actually use BWT to buy or sell energy and the process is exactly the same as you would be trading crypto on our platform:

  1. Pair VKWH with BWT in “Trading Pair”

VKWH represents the measuring method for virtual energy on the platform. Its number comes from the amount of Kilowatts that are being kept in our system at that point in time.

Basically, VKWH is the form of the virtual energy on Bittwatt Trading. Its price will always be 0.12$, no matter what happens on the market. You can think about VKWH as of a clearing point in energy trading, exactly how USDT is used as a clearing point in the crypto market. Its value is stable and can not be affected by the fluctuations of the market.

2. Fill the order

All you have to do here is select the order type, quantity and price. Then you’re good to go! 👍

3. Place the order

And that would be it, congratulations! Only by following these 3 steps you’ve successfully traded energy on our platform.

Wallet

In the Wallet Menu everyone will have access to their own Crypto, Fiat and Energy wallets. These were automatically created by the platform at the time of the registration.

By accessing a wallet we are able to:

  • Check the dashboard and see the chart of the currency, as well as past transactions of the user
  • Change the currency into another one available on the platform based on our needs and also check the exchanges history
  • Create new deposits and see the ones we’ve already done
  • Process withdrawals, as well as see the withdrawals history

Because we always keep our promises, the Bittwatt Trading platform will go live in November. Until then we’ll be offering you guys more details about its insights in the upcoming articles.

NEXT STOP — The Bittwatt Trading Bonus System, or “How to turn the platform into your own business”💰💰

If that has caught your attention already, then make sure you don’t miss the next article!

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Bittwatt

Blockchain platform and app for utility payments, virtual POS and markets.