BiteBTC — The Crypto Exchange of Future.
BiteBTC is a young but a vibrant and promising crypto currency exchange platform that unites the main players of the market. It currently has a trading volume of about $3M and is constantly on the rise. BiteBTC always supports cooperation with the world’s most popular crypto-currencies and makes it possible to profit from electronic money transfer transactions. BiteBTC offers equal opportunities to both established and new crypto-currencies.
BiteBTC is a trading platform for a wide range of crypto variants, like Bitcoin. The account on the BiteBTC website is completely legal, and the trade in crypto-currencies is allowed by the laws of almost all countries of the world.
Registering at BiteBTC
Registration process is very simple. Just go to the registration page here . Fill in simple details like your name, email address, password (Choose a strong password to stay secure) and click on register.
An email should arrive shortly in your provided email address’s inbox.
BiteBTC strongly adheres to KYC policy and follows all applicable laws of land. So provide them with all information essential for verification at earliest because it may take up to several weeks until verification is complete due to a large volume of applications received by them.
Trading
To start trading click on the Exchange link on the top.
How to add or withdraw funds
To deposit or withdraw funds just go to balances and select the currency which you wan to deposit or withdraw.
You must select the necessary crypto currency from the table of active crypto-currencies by clicking “+” in the corresponding column. You will be provided with an address for depoiting funds, which you must use to make the transfer. After the transaction is successfully completed, you will have access to all the BiteBTC menus and functions required to complete transactions and make a profit.
Deposit Methods
You can deposit funds in the crypto exchange with bitcoin or altcoins. Currently BiteBTC doesn’t accept Visa/Mastercard payments now. But they accept SWIFT Bank Wire Transfers in USD and EUR. In the near future, BiteBTC plans to add the credit card processing.
Buying and Selling
Buying and selling is very convenient. Just enter the amount you would like to buy or sell of a particular crypto currency, check other details and then click on buy/sell to place an order.
Thanks to the exchange management, The exchange is very rich in resources and orders are executed almost instantaneously.
How to Trade Effectively
Trading crypto currencies is an art and you can master this art too.
1. Have a trading strategy and then stick with it
“I fear not the man who has practiced 10,000 kicks once, but I fear the man who had practiced one kick 10,000 times.” -Bruce Lee
Find your edge in the market, a technique that works and stick to your plan. If you don’t have a strategy then you shouldn’t be on the battlefield. Traders who execute random orders without a plan usually lose their money.
2. Trade quality over quantity
Always do your own research and choose to invest in stocks which have a strong development team and active community.
3. Manage risks.
Don’t put all of you eggs in one basket and diversify your portfolio by investing in multiple crypto currencies.
Exchange Arbitrage
An exchange arbitrage is a trading strategy in which a crypto trader takes advantage of different spreads offered by exchanges for a particular currency pair by making trades. Different spreads for a currency pair imply disparities between the bid and ask prices. Exchange arbitrage involves buying and selling currency pairs from different exchanges to take advantage of the miss priced rates.
How to use Arbitrage
For example, two different exchanges (Exchange A and Exchange B) offer quotes for the BTC/USD currency pair. Exchange A sets the rate at 10,000 dollars per BTC, and Exchange B sets its rate at 9,800 dollars per BTC. In exchange arbitrage, the trader would take one BTC, convert that into dollars with Exchange A and then buy back into BTC with Exchange B. The result is that the trader who started with 1 BTC now has 1.02 BTC. The trader has made a .02 BTC profit if trading fees are not taken into account.
How is BiteBTC different from other crypto exchanges
- It is fast
2. It provides maximum security to users deposited funds
3. Its trading platform user-interface is simple/efficient and convenient to use.
4. It offers multiple payment methods. i.e. Wire,OkPay, AdvCash,
5. It doesn’t involve in malpractices like manipulating the market or prices.
6. Offers its very own API for price tracking and other features.
7. Relatively low listing fee which provides level playing field to every currency and makes it more lucrative to list currencies here.
Information security with BiteBTC
Encryption cryptographic algorithms based on the attack are used by the system, which eliminates the threat of access to electronic wallets of third parties, as well as the forgery of electronic accounts. Bitcoin and other currencies are highly protected and completely anonymous. BiteBTC does not transmit or disseminate any information about service users in any way.
Due to the fact that personal wallets are on users’ computers, BiteBTC strongly recommends that users do their best to protect their data from virus attacks and third-party access and take all necessary measures to mitigate the risks of robbery of electronic means. Among such protection measures is the correct configuration of home routers, the installation of antivirus software, etc.
Waiting time for the deposit in BiteBTC
Any operations on deposit or withdrawal of coins and tokens begin in the same way as a user application is created. However, any crypto transfers can take up to 24 hours. Sometimes delays of 1–2 days are possible. The reason for this is the special characteristics of transaction behavior in crypto-currency networks. SWIFT wire transfers can take up to 5 business days to be processed.
Fee for using the BiteBTC services
BiteBTC performs exchange transactions and charges a commission from each transaction. The commission amount depends on the type of currency, however, as a rule, it does not exceed 0.2% of the transaction amount.