The emergence of cryptocurrency has made a huge impact on technology, economy, and society. Since Satoshi’s bitcoin phenomena, the entire world was shaken with this new approach that has evolved the financial market. It has become a new trend in the world of investment for real fair reasons. People who invested in cryptocurrency benefitted in so many incredible ways. But without a stable crypto exchange, all of these are not achievable. That is why, BCNex, a Vietnam based blockchain trading platform, is built to accommodate and satisfy every user’s need in terms of security and reliability.
Why Choose BCNex?
Bcnex is designed on the most advanced microservices architecture that is intended to observe all the customer requirements initiating the platform to be highly reliable and stable.
High liquidity levels
Bcnex highlights multiple sources of liquidity that ensures all the transactions on the platform are administered without any delays. Additionally, due to the diverse liquidity sources, traders will not need the services of multiple intermediaries who charge excessive prices.
This trading platform prioritizes the provisions of high-quality services to its customers through its user-friendly interface. It ensures users access the best trading experiences either through the desktop or mobile application.
Bcnex is compatible with a broad range of cryptocurrencies and tokens such as BTC, ETH, USDT, and BCNX. More coins will be added soon after they are vetted. Additionally, the platform also supports several fiat currencies like USD, CHF, JPY, and many more.
Dedicated customer support team
The Bcnex trading platform has a dedicated customer support team available 24/7, to serve users with any questions they might have regarding the platform. It gives users with a flawless user experience combined with a stable and intuitive trading environment.
Possessing The Most Advanced System Architecture
Bcnex features a robust micro-services architecture in which thousands of bots are continuously processing hundreds of orders per second that makes it faster than 99% of other crypto exchanges.
An order matching system manages overloaded systems and backed-up transactions for buy and sell orders stored in high-performance queues. Physical servers are added immediately to secure scalability at moments of high demand. It is achieved without compromising the stability and access speeds.
BCNex is also directed from the ground up in its goal to accomplish “banking industry level auditing and security compliance” from a security perspective. Strong firewalls and anti-denial of service tools are supplemented with user alerts whenever unusual activity found on an account. Also, 98% of Bcnex’s digital assets are stored in various cold wallets detached from the internet, which means that they are resistant to malicious attacks.
Highlighting One Of Its Kind Features
Bcnex is innovating the crypto exchange industry with its exceptional features such as margin trading, spot transactions, future contracts, and a 100% anonymous automatic order matching mechanism. BCNX will be used to buy and sell cryptocurrencies, as well as cover transaction charges. A “careful review process” is implemented to guarantee that only trusted tokens with strong liquidity and a large user base will join its platform.
Users can access Bcnex on the web, on Windows PCs and by uniquely created apps for Android and iOS, depending on their preference. The exchange is going to launch in English and Vietnamese, with support for Chinese, Korean, and Japanese set to support as the exchange aims to become multilingual.
At the end of this year, BCNex is progressing to explore the prospect of designing an ecosystem to support blockchain-based startups. Then, in the first quarter of 2020, the Bcnex team is intending to start margin trading after a testing period.
“To date, the crypto market is still limited and difficult to enter. We strongly believe that more people should be able to participate in this exciting and promising digital economy,” the BCNex team affirmed, empowered to democratizing cryptocurrency trading.
To know more about BCNex latest news and updates, visit their official website and social media pages:
Regardless of a rapid increase in crypto markets, exchanges and other market intermediaries, it still is comparatively complicated and uncertain to buy, sell and store digital assets. Recognizing the largest Bitcoin and cryptocurrency markets today, they chiefly exist from centrally structured exchange features. It presents traders with agility and liquidity, but this invalidates the fundamental trustless points of digital blockchain based assets. Besides, most of these exchanges are intended for professional traders and lack an intuitive interface.
An Amsterdam-based exchange called Blockport intends to solve these problems by implementing beginner and advanced traders, investors, and institutions with a user-friendly crypto exchange that merges best methods from both centralized and decentralized trading platforms. Their intuitive trading platform reduces counterparty risk, transaction charges and vulnerability to fraudulent actions. They strived to provide liquidity, security, transparency and enhanced the user experience.
What is Blockport?
Blockport is known as a hybrid-decentralized exchange with a definite focus on user-friendliness, social trading features and building a data sharing community. It was established to bridge the missing link between the ultra-modern blockchain and the people yearning to utilize the platform who might not be that tech-savvy or specialists in economics. As a social platform, they execute social trading and knowledge sharing innovations in the center of their exchange. Additionally, they grant their members the best of both divisions by connecting centralized trading with decentralized banking of crypto assets.
It also targets an entirely new crypto trading ecosystem by combining social, technological and crypto economic ideas.
Liquidity: Blockport enhances liquidity by exchanging the assets of the users in the internal exchange. The aggregated liquidity is then connected with public transactions. Liquidity in simple terms means, the frequency of buying and selling of assets. When the system is illiquid, the rates of purchasing can be high.
Security: This blockchain is based on the concept of hybridization between centralized and decentralized blockchains. The tokens are collected in the wallet preserved by private keys, and the transactions are recorded in the decentralized system. The private keys bind the funds in these wallets, and thus, the possibility of getting hacked is eliminated. The private keys are needed to mine the coin. Unless the user does not enter the private key, the tokens cannot be mined.
Transparency: Transparency is one such problem that is hindering mass adoption. Lack of transparency in a platform creates distrust among people, and they direct to shy away from using it. Blockport has solved this issue by building a system of continuous analysis of the market prices across multiple platforms and thereby, contributing the best price for the asset possible.
Usability: The developers’ team is directed at making the user interface as friendly as viable. This modern blockchain will also feature an intuitive user activity to cater to the requirement of all the users.
Education: There is a 24/7 customer support set up by the company. Users can even share cryptocurrency portfolio with other users and get paid in BPT for it. There’s a component of education and training that will help in dispersing the word about Blockport transactions.
A Hybrid Centralized Architecture
Although the user-experience of Blockport has a feel of smart and simple, all the hard work are done in the back-end. The system architecture describes and visualizes the complete high-level functional design of this exchange. It uniquely utilizes technology architecture from both centralized and decentralized exchanges.
The Blockport social trading platform permits members to interact with other traders, communicate investment strategies and automatically copy each other’s portfolio. It signifies that a beginner investor ‘Alice’ can copy the portfolio of an accomplished trader ‘Bob.’ The figure below illustrates the functional process within the Blockport environment when members use social trading features.
Knowledge Sharing Feature
Blockport host a knowledge base where members can obtain information about frequently asked questions concerning cryptocurrencies and trading. This knowledge base will serve as a repository that will be renewed regularly to serve as Blockport’s first aid. Additionally, Blockport members will be capable of contacting the customer support by live chat and email. This live chat functionality will be included in the exchange environment so that members can ask the Blockport customer support for instant help throughout the crypto trading process.
Secondly, members can also ‘ask a question’ to other Blockport members on the Blockport community page. This community page has similarities with the worldwide known Q&A platform: Quora. It excites experienced Blockport members to assist each other and curate the best answer. As part of the ‘Social trading features,’ they contribute members that follow each other to communicate with each other and give insights about their trading tactics. It will significantly stimulate the social interaction and engagement on the platform. High performing traders will develop an expert status and share their knowledge and insights solely with their followers.
The BPT Token
The Blockport system and transaction currency BPT is an Ethereum (ERC20) based token that comprises various functionalities within the Blockport ecosystem. The Ethereum Blockchain is presently the largest platform that helps the production of tokens and therefore allows BPT to associate with other ERC20 tokens seamlessly. Members can trade BPT for premium services, discounted trading expenses and social trading functionalities.
BPT is a service token that members can possess or apply within the exchange, and thus determine their entire value from services rendered by the Blockport platform. The tokens are not meant for speculation and do not signify company shares or any claim in the decision making of the company. BPT are not contracts and are thus not associated with anticipated revenue streams or values other than acquired from platform usage. Members are consequently always capable of earning BPT by engaging on the platform and are not compelled to buy BPT straight on the market.
The Core Team
Blockport’s team are based in Amsterdam, the Netherlands. The team includes five core team members and three advisors. All have established expertise in the field of software engineering, financial technology and developing technologies such as artificial intelligence and blockchain. Additionally, the team are supported by qualified advisors in the areas of digital marketing, blockchain and smart contract development, regulatory compliance, and cybersecurity.
Most distinctly, the team lately partnered with Ark, a project that’s building an ecosystem of interconnected blockchains. With Ark’s center on design and ease-of-use, it makes understanding that these two companies would partner. Lars Rensing, the CFO of Ark, was also taken on as one of Blockport’s Advisors.
What is BitShares?
BitShares, formerly known as ProtoShares (PTS), is a decentralized cryptocurrency exchange that is part of the Microsoft Azure blockchain. The platform was established in July 2014 by visionary Dan Larimer (“Bytemaster”), the co-founder of Steemit, Cryptonomex, and EOS.
BitShares is based on Graphene, which is an open source C++ blockchain implementation that works as a consensus mechanism. It is used by various other projects like Steemit.com, and PeerPlays.com (gaming site and token PPY) registering real-world usage.
Online exchanges are centralized systems, and the database is stored on servers managed by the exchange alone. Users require to create verified accounts to utilize its services, normally including scanning passport or driver’s license. Bitcoin and altcoins are still comparatively fresh concepts and yet experience from wild fluctuations. For this cause, there remains a requirement for a way to convert cryptocoins into a stable asset usually USD. Exchanges work this need by enabling users to buy and sell cryptocoins by converting from and to USD, EUR, and most other universal fiat currencies.
BitShares’ answer is BitAsset. It is a coin pegged to a real-life asset. Its value follows that real-life asset’s value. For instance, the BitAsset BitUSD follows the value of USD. In this way, users can convert BTS into BitUSD, the same way it would convert BTS to USD, without neglecting the blockchain itself. It preserves users anonymity and is immediate, costs less in transaction charges.
BitShares Lending Service
BitShares extends the capacity to loan BTS holdings with customizable reserve levels with a minimum of 200%, touching as high as 1000 or even 2000%+ reserves. BitShares integrates with any stock, commodity or currency pair given there are price feeds accessible. Also, bitAssets like bitGold, bitSilver, bitOil, and other crypto centered commodity pairings can even exist in this way.
It’s a working, dynamic “smart” economy which adapts to the requirements of the market. To help maintain price stability, large collateralized loans (10-20x) can be formulated enabling loans to last almost continually.
The BitShares Team
BitShares was founded in 2014 by Daniel Larimer, an American programmer, and entrepreneur, who was also responsible for the making of the Steem blockchain and is currently operating on the highly awaited EOS blockchain. Although Dan Larimer isn’t as well-known as Ethereum’s Vitalik Buterin or Litecoin’s Charlie Lee, he is still an influential brand in the world of cryptocurrencies, seen as an exceptional visionary who minds about the project and not just the immediate collection of funds.
BitShares is known as an open, scalable decentralized exchange and fintech platform with Smart Coins, which are a great tool for everyone from critics and savers to traders and entrepreneurs. Their services are just excellent, and notwithstanding all of these risks and difficulties mentioned, the team endures, grows and continuously irons out complications.
The BitShares blockchain has been around for several years, and it gives a toolset with which innovators can test to find optimal currency solutions utilizing free market discovery. BitShares has been under continuous development, gives a lot of functionalities and can be used for a wide array of purposes.
The Revain coin or token is an ERC-20 standard token protocol based on the Ethereum blockchain. It is one of the two currencies in the Revain ICO platform. Fiat currency or regular cannot be used to buy Revain coin. The best way to go around this is to buy cryptocurrencies that can be bought with fiat currency and exchange it with a Revain coin. Here is how it can be done:
1. Go to cryptocurrency exchange platforms that sell either bitcoin (BTC) or Ethereum (ETH) fiat to crypto. These are the cryptocurrency exchanges you can choose from:
- Coinbase – Bank transfer (SGD, AUD, EUR, BGN, CZK, HUF, LVL, ANG, PLN, RON, CHF, CAD), Visa credit cards, debit card, SEPA
- Kraken – Bank transfer (USD, GDP, JPY), Mastercard and Visa credit cards, cash, SEPA
- Upbit – Visa credit cards, wire transfer
- Bitbay – Bank transfer (USD, EUR, PLN), Mastercard and Visa credit cards, debit cards, OKPay, SEPA
- CEX.io – Bank transfer (USD, EUR, RUB, GBP), Mastercard and Visa credit cards, SEPA, SWIFT
2. You may need to sign up and connect your bank account or credit card. Most cryptocurrency exchanges have similar processes, just make sure to familiarize yourself with the crypto exchange’s interface.
3. Go to the crypto exchange’s “Buy/Sell” page. Buy either BTC or ETH. Make sure that you first checked the current market price for a Revain coin so you can estimate the necessary amount of BTC or ETH. Do not close the exchange’s window because you’ll need to go back later.
4. Once you are done, you need to go to a cryptocurrency exchange platform where you can buy and sell Revain coin. Currently, the R Revain coin is only available in 13 crypto exchanges. These exchanges are:
5. Sign up or sign in to any of these cryptocurrency exchanges. You may need to verify your identity or set up a Google 2FA authentication depending on the platform. To make the process simpler, we’ll be using Kucoin as an example.
6. On the Kucoin dashboard select “Assets.” Search on the dropdown list for either BTC or ETH (ETH is more commonly used to exchange for R coins). Select “Deposit” in either coin.
7. Copy the wallet address you have been given. This is where you can deposit your BTC or ETH.
8. Head back to where you purchased BTC or ETH and send the coins to the Kucoin wallet address you just copied. In Coinbase you need to go to “Accounts” in the menu and select the BTC or ETH assets from the list. Click “Send” under the desired coin and select the corresponding wallet.
9. Paste the Kucoin wallet address on the “Recipient” box. Specify the number of coins to send and click “Continue.”
10. A majority of crypto exchanges would send you a verification email after a successful transaction. Wait for it and then check if the coins are already loaded in your Kucoin wallet.
11. You can then go to Kucoin’s R/BTC or R/ETH marketplace to exchange your BTC or ETH coins for R Revain coins. After selecting the right marketplace go to the “Buy/Sell” tab located on the lower right corner of the window.
12. Generate a 2-factor authentication code. Kucoin requires 2FA for deposits, trading, and withdrawal transactions. It adds another layer of protection.
13. Check the current Revain coin price. You can check the lowest possible Revain coin price by clicking the “Best Price” option on the “Price” box on the “Buy R” side of the tab. You can also select “Max” on the “Amount” box to check the maximum amount of Revain coins you can purchase at the lowest price possible. You can also use the slider to control the percentage of BTC/ETH you want to spend. You can always manually input all these if you desire.
14. Once you’ve decided on the right amount of Revain coins and the percentage of BTC/ETH coins to spend, click “Buy.” You can immediately see your newly bought Revain coins in the upper right corner of the tab under “Available R.” It will take a few seconds to a minute.
And you are done. You are now a holder of Revain coins. You can either store these coins outside of Kucoin (in a personal or hardware wallet). Just remember that coins and tokens that are based on the Ethereum blockchain technology cost “gas” to withdraw or transfer. You’ll need to have enough ETH coins on your account to initiate these transactions. You can always hold Revain coins in Kucoin. Make sure that you have KCS coins in your account though, so you can earn daily dividends. Who knew, you may double your Revain coins in no time.