BitMax is a cryptocurrency exchange that globally provides simple and secure trading. It is considered as the third-generation asset trading platform. BitMax is specifically designed for professional and organizational traders. It has efficiency in organizational cooperation and, it is the heart of the Bitmax’s vision. BitMax is a digital platform that serves crypto in more than 80 markets.
Bitmax is a trading platform for two cryptocurrencies. It is a Singapore based company founded in August 2018. The team is very experienced and professional. They worked with well-known firms such as; Morgan Stanely, Deutsche Bank, Goldman Sachs, and Bloomberg. Its mission to support financial market innovations and the advancement of the crypto economy.
Understanding of Bitmax Exchange
Bitmax is the fastest-growing exchange for cryptocurrencies. It gained immense fame in no time because of its quality services and commitments to traders. It set apart itself from regular trading platforms. Bitmax introduced innovative products like Volatility Cards and Margin Trading.
Bitmax has its own native token named, Bitmax Token, Symbol BTMX. This token is used for different purposes in the network. It is the primary unit of exchange at this platform. You use this token BTMX to pay fees and to trade cryptocurrencies. By using BTMX, you can also receive data usage rewards. It offers over 82 coins and 191 trading pairs.
How to open a Bitmax account?
Using BitMax is very simple and easy. By using their app, you can access it from any computer or mobile phone. BitMax app is available for both IOS and Android software. Here’s the complete step by step guide.
Step 1: Go to the website
The first step is to write the address BitMax.io. The website will open, click “sign up,” and start the process.
Step 2: Signing up
For signing up, you need to put your email address and password. Always choose a strong password. After signing up, you will receive an email that has a verification code to complete the registration process.
Step 3: Two-Factor Authentication
If you log in for the first time, a pop-up will show the 2FA (Two-Factor Authentication). It is easy to use, you will need to download the Google Authenticator mobile app. It protects your account from hackers and online scammers. After the authentication, you’re all set to begin the trade.
Step 4: Know-Your-Customer (KYC)
If you plan to trade continuously, it’s better to verify your KYC. Without KYC verification, you have 2 BTC withdrawal limits per 24 hours. It is perfect for beginners. KYC verification has many advantages, such as;
- Up to 100 BTC withdrawals per 24 hours
- You have access to participate in projects by Bitmax.io
- You can avail offers to Bitmax.io users and participate in different activities and events.
Step 5: Start Trading
Now, your account is ready to trade, check the trading option. It is not difficult to trade on BitMax. Here are the tools, you have to use for trading on BitMax.
a) Candlestick Chart
It is a financial chart. It is used to describe the price movements of the trading pairs. Candlestick Chart is the most important thing for beginners. They have to understand the patterns completely. The experienced traders use candlestick charts to analyze market trends.
b) Trading Pair
In this option, you can choose the currency to which you want to pair. Popular cryptocurrencies are BTC, ETH.
c) Place Order
Here you can place your trading order and also enter the amount you want to buy or sell. You will see four trading options:
- Limit Order, Market Order, Stop Limit Order, and Stop Market Order
d) History/ Summary
Whenever you want to check your order and trade summary, go to the history option, and check the details of all execution. The order book is the list of orders arranged at different prices.
How to trade on Bitmax?
Now you are familiar with Bitmax, start trading. Here’s the step-by-step guide.
Step 1: Trading Pair
Select the currency, you want to pair. For example, you pair BTMX with any other coin. If you want to pair with BTC, click on the BTC. Your pair will be like BTMX/BTC.
Step 2: Order type
Select the order type. Bitmax supports four types of order. A limit order, Market Order, Stop Limited Order, and Stop Market order.
- Limit Order: You choose specific price to buy/sell.
- Market Order: An order that buy/sell at market price.
- Stop Limit Order: You set a specific price to buy / sell, and you able you trade when it reaches the price.
- Stop Market Order: You set a specific market price to buy/ sell, and you able you trade when it reaches the market.
Step 3: Check your order status
In the menu item, there are options of the current order, order history, and asset summary. You can also check all the trading fees here.
How does the Bitmax exchange work?
BitMax is a user-friendly exchange platform. It provides multiple trading that makes it credible and respectable among investors. Investors can increase their ROIs by using multiple ways.
- Margin Trading: Best way for expert traders to increase their ROIs.
- Leverage Trading: It is popular among professional investors. It helps to increase exposure to the market.
- Staking: Bitmax supports multiple staking programs that help investors to earn rewards.
- BitTreasure: BitTrea sure draws interest, and it is similar to the Staking. It allows Bitmax investors to earn rewards by lending out their crypto.
- Promotions: Bitmax is one of the most active markets. Its innovations and variety of unique promotions help users to win free crypto.
The advantages of Bitmax
For those who are looking for crypto trading, Bitmax is a good option. It is simple, easy, and quick. It offers various investments and trading opportunities for investors. A high-speed system and multiple trading options is a big plus.
BitMax community has an impressive number of community users. It has globally distributed communities. Bitmax exchange has many strategic partners such as; Bitshares, BitCloud, and Covalent. Trading efficiency-driven various professional traders, market experts, investors. Above all, the best thing in Bitmax Exchange is; Open fair market rule.
There is always a risk with all investments, so understand the market before you invest.