Optimised cryptocurrency trading on the BitcoinBing exchange
Cryptocurrency exchanges play a vital part in the blockchain economy, allowing people to enter the market with fiat or move their value between different currencies. That also makes them a major liability for this economy, because those exchanges often fall short, with dire consequences for their users and the cryptoindustry as a whole. Technical failures, hacks, fraud, questionable design choices and ordinary bad service can be very costly and in the long run threatens to drive away money from what is an already troubled market.
BitcoinBing is an exchange that has been designed with all of those problems in mind. It promises to provide a higher quality of service all around, with greater security, reliability, flexibility and ease of use. It plans to offer advanced financial tools and high level customer service. Through this, it hopes to accelerate widespread cryptocurrency adaptation.
How will you trade on BitcoinBing?
Like all other exchanges, BitcoinBing will support many different operations with a variety of fiat and cryptocurrency assets, including stock and margin trading, anonymous instant and decentralised exchange and direct trading between users. It will support those operations with a high-performance matching engine. Transactions between users will take place with the help of a versatile escrow smart contract generation system that will ensure all parties agree to the transaction before money is transferred. BitcoinBing will provide its users with advanced trading tools and market data charts. Its interface will allow a high degree of customisation. Traders would be able to request data about any of their assets at any time period, for personal use or tax purposes. They will also have detailed information on likely risks and profits during transactions. All users will receive trust ratings based on yearly reviews.
The vast majority of tokens on the platform will be stored in multi-signature cold wallets, keeping them safe from hacks. Customer service will be carried out through a support ticket system and a 24/7 live chat. BING token trading will have no trading fees, while all other pairs will require a 0.25% commission. The value of BING will be maintained through a quarterly buyback and burn program. Later on, BitcoinBing plans to add a revenue sharing function to the BING tokens, rewarding its early investors.
What makes BitcoinBing stand out?
BitcoinBing places a high premium on meeting the needs of a varied base of customers. Its design is meant to be platform-agnostic, providing equal functionality to its different mobile and desktop app versions, and open to the integration of a variety of fiat and cryptocurrency payment systems. In addition to being highly customiseable, its interface will be multi-language, in line with its global ambitions. It also boasts advanced security features and KYC procedures, promising to address the privacy breach concerns that dog many existing exchanges.
BitcoinBing was founded by tried and tested entrepreneurs and Forex traders with a history in the cryptoindustry. The exchange should be ready for launch by December 2018, while early 2019 should see the launch of its mobile app. In the meantime, it has already attracted a large number of prominent partner projects and potential users, giving it a running start.
Token sale details
Raising the quality of life for cryptocurrency traders
The BitcoinBing exchange is already at an advanced stage in its development and has received a great deal of support. There seems to be very little risk of it failing to launch. Whether it will survive in the long run depends on it living up to its hype, especially with regards to its software and customer service.
It is difficult to say at this point whether BitcoinBing will be able to live up to its own stated standards, or how well it will compete with the many, many rival exchanges. For all their flaws, quite a few of them are already well-established and have many adherents. Still, with time and dedication, BitcoinBing might be able to seize its own place in the sun and make its vision the new industry standard.
Links:
Website: https://www.bitcoinbing.io/
WhitePaper: https://www.bitcoinbing.io/bitcoin%20bing.pdf
Telegram: https://t.me/bitcoinbing
Facebook: https://www.facebook.com/Bitcoinbing-228650464472887/
Twitter: https://www.twitter.com/BingBitcoin
Medium: https://www.medium.com/@bitcoinbing
ANN: https://bit.ly/2yhns3I
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.