Bitmax Cryptocurrency Exchange Review – How To Register And Verify Account?

Bitmax Cryptocurrency Exchange Review – How To Register And Verify Account?

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Overview Bitmax Exchange

Overview

Bitmax is one of the best cryptocurrency exchanges for those who are seeking a modern and secure platform to trade between cryptocurrencies.

The BitMax.io team believes that blockchain technology is improving the efficiency of organisational collaboration through the usage of a user-based intrinsic value exchange system.

With this vision in sight, the BitMax.io team has launched BitMax.io, an innovative next-generation digital asset trading platform, in the mission to support financial market innovation and advancement of crypto economy. The BitMax.io team hopes that through building upon a series of open and fair market rules, BitMax.io would be able to boost the liquidity of overall market, enhance market depth and support the blockchain structural optimisation. Leveraging on blockchain technology as well as BitMax.io team’s deep global trading and management experience across traditional finance and Internet, BitMax.io aims to establish global trading platform that provides a broad range of products and services for global retail and institutional clients with its relentless focus on transparency, reliability and quality of execution and client services.

What Is BTMX?

The native digital cryptographically-secured utility token of BitMax (BTMX) is a major component of the ecosystem on BitMax, and is designed to be used solely as the primary token on the platform. BTMX will initially be issued by the Distributor as ERC-20 standard compliant digital tokens on the Ethereum blockchain.

BTMX is a non-refundable functional utility token which will be used as the unit of exchange between participants on BitMax. The goal of introducing BTMX is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on BitMax

The Distributor which issues and sells BTMX shall be an affiliate of the Foundation. The limit of 10 billion BTMX is strictly imposed without any further increase.

The users can obtain BTMX through the “Trading Mining” model and are eligible to receive BTMX incentives based on the trade volume of their user account. BTMX can also be purchased on the exchange under the pairs of BTMX/BTC, BTMX/ETH.

BTMX Allocation Plan

49% of total issuance is set aside for pre-distribution (5% – early supporters, 4% – strategic partner, 12% – team and platform, 18% – Foundation, 9% – private sales, 1% – marketing and operating)
51% would be released and distributed to incentivise users daily to participate in transaction mining, total BTMX in circulation = daily mining production of BTMX / 51.
10% of the private sale portion (which is 9% of total issuance) would be released prior to the rest of 49%, hence it is designated as a pre-release amount (0.9% of total issuance).

Pre-distribution Token Unlocking Mechanism:

Unlocking Mechanism: The number of tokens distributed as part of pre-distribution (49% of total issuance) would be unlocked daily according to the ratio of 49:51 where 51 refers to the day’s mining production output
Unlocking Priority: The 10% in the private sales portion (Pre-release) would be first prioritised for preferential unlocking. The rest of the pre-distribution tokens will afterwards be subject to the Unlocking Mechanism as described above on the pro-rata base.

Some Strength Features And Awesome Benefits Of Bitmax Exchange

The platform is striving hard to stand apart from other similar cryptocurrency exchanges by providing outstanding features.

– Transparency: 24-hour trading operation; Real-time settlement; All transaction records available upon request

– High Performance: Institutional-grade trading architecture; Advanced technology design; API and future FIX connectivity

– Security: Multi-level firewall and segmentation; Real-time system monitoring; Multi-signature requirement with combined solution of hot and cold wallets

– Liquidity: Broad participation from professional traders, market makers, funds, other investors and communities; Incentive for liquidity provision

– Global Team with Deep Experience: Broad participation from professional traders, market makers, funds, other investors and communities; Incentive for liquidity provision

Bitmax Exchange Of Markets

Bitmax is comprised of 2 core markets

Bitmax Exchange Trading

At the heart of Bitmax are central limit order books for a wide array of high-quality cryptocurrencies. Users can deposit, trade and withdraw Bitcoin, Ethereum and other cryptocurrencies and benefit from an advanced trading interface.

Bitmax provides users with a large selection of digital assets & order types to help our customers optimize their trading strategy.

Bitmax Margin Trading

Trading on margin is the process by which users borrow funds to trade more digital assets than what user would normally be able to afford. Margin trading allows users to increase buying power to potentially achieve higher return. However, with higher market volatility of digital asset, users may also incur much greater losses with use of leverage. Therefore, users should fully understand the risk of trading on margin before opening a margin account and use caution when trading.

Margin trading on BitMax.io is a financial derivative instrument of cash trading. BitMax.io users can leverage their tradable asset for potential higher return on investment. However, they must also understand and bear the risk of potential losses from margin trading.

BitMax.io margin trading requires separate “Margin Account.” Users can transfer their assets from Cash Account to Margin Account as collateral for margin loan under My Asset Page.

Margin trading on Bitmax.io requires collateral in order to support up to 3x leverage initially. Users do not need to manually request for borrow or return. When users transfer their BTC, ETH, USDT, XRP, etc assets to their “Margin Account”, all account balances can be used as collateral.

Bitmax Partners And Investors

How To Register And Verify Account (KYC Verification) On Bitmax?

How To Register Account?

– Step 1: Visit website: https://bitmax.io

+ Enter Your email, tick “I have read…”, and click ‘Sign Up’

– Step 2: Login to Your E-mail and check the verification code

– Step 3: Input Your verification code and click ‘OK’

– Step 4: Set login password and click ‘Sign Up’

Congratulations, you have completed your email registration. Now you can login to your account!

– Step 5: Please click [Login] after You register successfully

How To Verify Account (KYC Verification)?

KYC verification is not compulsory, which means if You chooses not to complete KYC, You can continue to trade on the platform. I do however strongly suggest You complete the KYC verification. In cases where You forgets credentials to access the platform or when Your account is taken over by others because of the leakage of personal information from the You side, the verified KYC information will help You recover Your account quickly.

Users who complete KYC certification will also be participate in the Token sale (IEO) provided by the BitMax Exchange

Besides, completed the KYC verification You enjoy a higher daily withdrawal limit.

+ Non-verified Account: Withdraw 2 BTC per 24hr

+ Verified Individual Account: Withdraw 100 BTC per 24hr

– Step 1: Login to Your account and click on the Account tab. Then, click on the Account Verification tab