John McAfee Launches His Own Crypto Trading Platform Called McAfee Magic

John McAfee Launches His Own Crypto Trading Platform Called McAfee Magic

  • John McAfee, the inventor of McAfee anti-virus, has been involved in the crypto space for several years and has nearly 1 million Twitter followers.
  • The eccentric crypto enthusiast recently launched his own cryptoasset exchange, called McAfee Magic.

Digital Asset Exchange, McAfee Magic Launched

John McAfee is possibly one of the most famous and controversial figures in the crypto world. He is a renowned software pioneer and a crypto supporter, but also a vicious troll who has a very strong personality and is prone to exaggerations. He was one of the earliest people to care about Bitcoin, so people got hyped when he announced his own trading platform for cryptos.

The platform, which is called McAfee Magic, was launched this week. Before the launch, McAfee announced his own crypto debit card. Then, he announced that he was finally fulfilling his goal of launching the trading platform, which he called his “magnum opus”.

Initially, the idea was to launch the platform considerably before, but he apologized for not being able to do it, citing his many problems with the law, which include owing some money to the U. S. Internal Revenue Service (IRS) and fleeing from the country in order not to be arrested.

While McAfee Magic is marketed as being a new and disruptive platform, it is, in fact, powered by Arbitraging, a third-party cross-platform trading system. In the FAQ of the trading platform, it is affirmed that Arbitraging is the only software to be “worthy” of the McAfee brand.

With this new platform, users will be able to trade across the whole globe using multiple cryptos from multiple exchanges. The platform is also currently powered by ARB, an Ethereum-based ERC20 token.

McAfee affirmed that his software can legally be used in any jurisdiction of the world. Obviously, you should be very skeptical of this claim as there is absolutely no reason for you to believe that it is the truth, as crypto trading is illegal in many jurisdictions. McAfee is not even able not to break the laws of his own country, so don’t believe in him too much.

The platform also enables bots, so you can automate your trading (at your own risk, remember that bots are very dangerous if you trust them too much). The “magic” part of the platform is to be able to make snap trades with pre-set bots that make over 100 trades in the background, McAfee affirmed.

At the moment, you can trade up to 500 currencies from eight platforms on McAfee Magic.

Launch Was Not Great, Problems Occurred Due To DOS Attack

McAfee is pretty popular, so many people are bound to use his platform for trading. People on social media endorsed this idea, with some saying that they had faith in the man, so they would use the platform.

However, the launch was far from perfect. The platform took a DOS hit as soon as it was launched. McAfee vowed to find the responsible people, however. He also affirmed on social media that Jimmy Watson, one of his ex-employees, could be involved.

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