As we all know by now, crypto trading has caught on in a big way in America and other nations such as Australia, France, UK. However, as we speak, there are many countries in East Europe that don't have good access to trading resources like online exchanges etc.
BitMarket.net is one of the first cryptocurrency exchanges that is based primarily in Europe for people that come from countries like Poland, Germany, Austria, Estonia, Finland. In terms of its functionality, the platform offers its customers with all of the necessary tools to learn and excel in the field of cryptocurrency trading.
Some of the Key Features of BitMarket
(i) Advanced Loss Protection Protocols:
In order to ensure good return ratios, BitMarket makes use of “stop loss / take profit” mechanisms.
(ii) Margin trading option:
This is a feature which basically allows users to borrow money from a broker to purchase additional stock. As a result of this, the investor can make larger purchases, thereby maximising his/her profit potential.
(iii) Maker/Taker model:
This model is an alternative to the ‘processing fee model’ that is normally used by many exchanges and payment services. In the maker-taker scheme of things, reduced fees are given to the market “makers”, who in turn then have to provide liquidity to the takers.
(iv) Ease of Use:
In order to make transactions seamless and hassle free, the system makes use of fast electronic deposits. Not only that, even the withdrawal process is straightforward and easy to execute.
The interface is extremely user friendly, and can be made use of by new and old investors alike.
Other Important Aspects to Consider
(i) Mobile App:
Through the use of the company’s special mobile phone app, both android and iphone customers can make trades, perform swaps, execute withdrawals with a touch of button. According to the official website, their app makes use of ‘API keys’ for proper operation as well as maximum security.
(ii) Flexibility of Trade:
In order to buy/ sell cryptocurrencies users can “top-up their BitMarket account” via electronic transfers.
(iii) Low fees:
As mentioned previously, through the use of a Maker Taker fee structure, customers can reduce their commission rates quite substantially.
How Does All of This Work?
The entire process is quite straightforward, and basically entails three primary steps which include:
(i) Account Creation:
During this step, all of our details need to be filled out on the web form that is provided to us.
(ii) ID Verification:
Before any large investments can be made, it is of utmost importance we provide valid documentation that proves our identity.
(iii) Money Transfer:
Once the account has been made, customers are required to verify it so as to start depositing EUR / PLN.
Once the funds have been debited into our account, we can then proceed to make an offer as to how many Bitcoin we would like to “buy or sell”.
Is BitMarket Safe?
According to our research, we have found that BitMarket satisfies all of the safety requirements that are needed by crypto traders around the globe to run such an operation.
In addition to this, the servers that are used by the company make use of “latest encryption protocols”, as well as cold wallets to protect funds and digital assets. Lastly, customers also have the option to enable a ‘two-factor authentication (2FA)’ system to further bolster the security of their accounts.
How Do I Sign Up?
To become a part of this network, users have to follow the steps that have been outlined in one of the the previous paragraphs. The entire registration process is quite straightforward, and can be completed within a matter of minutes. If there are any additional queries or doubts that we need to clarify, we can get in touch with company representatives via their “contact us” page.