According to a report by The Modern Trader, there are currently 9.6 million stock traders in the world. Although the number of people with cryptocurrency wallets eclipses this and has been growing steadily over the years.
The number of active cryptocurrency traders remains low, barely scratching the 1 million user mark in fact. Which is unfortunate because crypto trading has a lot of benefits as compared to stock trading. I'll talk about them here.
I'll also be making a few BitMax references.
BitMax is a digital asset trading firm founded by Ariel Ling, George Cao and Han Liu that's ticks all the boxes, a firm that's complicated enough to fit all the needs of a seasoned and experienced trader but simple enough to serve any beginner trader’s needs.
Let's get into it shall we?
Please note that this post is not sponsored by BitMax, all the statements you read here were developed out of personal opinion and thus shouldn't be misinterpreted.
1. It's much easier to make a profit with BitMax as compared to traditional exchanges.
Before you start trading on traditional exchanges, you need to go through a long complicated process that involves a whole lot of paperwork and you signing away too much personal and financial information. Information that can be used against you by hackers. And even after all this, it’s close to impossible to make a great trade.
You need to understand why you're investing in the first place. You need a solid strategy in place, a strategy that involves a whole lot of research by the way. Just to show you how hard it is - the best traders in the world (the Warren Buffet's) only beat the market 60 to 65% of the time.
Don't get me wrong, investing in cryptocurrency isn't child's play but it's much easier to turn a profit. Although you can only invest with cryptocurrencies, BitMax has made it super easy to begin trading on the platform and with currencies like: Bitcoin, Iostoken, Bitcoin Cash, Ethereum, Litecoin, Libra, Linfinity, OneLedger, SEELE Tether and Zilliqa and XRP all supported, users have a wide variety of options to choose from.
That's not it though, see because the crypto market is mostly unregulated it tends to lean towards volatile now while this means compared to traditional stock markets it's much easier to lose your assets, it also means it's much easier to make greater profit margins.
BitMax also supports crypto-to-crypto spot trading which allows for the buying and selling of cryptocurrencies for instant delivery, with support for margin trading coming soon. This is gamechanger because it will allow traders to buy assets on a margin - borrowing from the BitMax to buy other assets.
Trading with an exchange like BitMax is also a simpler process.
That’s because of how regulated the financial market is. There are too many rules and dare i say it – regulations to start trading. The exchange will ask for a lot of personal and financial details making the process of application long and costly. Some companies even ask for large upfront deposits to begin trading.
Not the case for BitMax, because decentralized exchanges aren't subject to inflexible global regulations, they also aren't subject to taxation meaning traders can get started on the road to trading much easier and much timelier. Sure, as crypto goes mainstream, it will attract some regulations. In the meantime, though, it's much easier.
To ensure every user’s trading experience is as smooth as possible. BitMax has designed a friendly trading environment as well as developing an institutional-quality trading architecture that's not only fast enough to handle up to 200k transactions per second, but one that's always available for 24-hour trading, unlike other traditional exchanges which allow for time-framed trading sessions. The downside of this is that any important market occurrence that happens 'after hours' doesn't have an impact on the market, making it much harder for you to follow up on your strategy.
BitMax also supports real-time settlements, which was one of the biggest reasons people preferred traditional exchanges. It's much easier to trade on a platform if you know you won't have to wait days to see your earnings reflect on your account, right?
Conclusion.
Decentralized technologies don't need the world, but the world sure needs decentralized technologies. And as days turn into weeks, weeks into months and months into years, we're seeing a revolution unfolding right before our eyes. I guess the real question is, on which side of the revolution are you?
Useful Resources.
BitMax just introduced trading functions and a profile page feature to its mobile site. So that it's much easier to trade while on the go. Don't be left behind, you can check it out here - EXCHANGE
You can also take part in the company's referral program and earn 20% of your referred friend’s transaction fees.
Register for that HERE
For extra information, check these bad boys out -
BitMax's Telegram
Whitepaper
BitMax's Website
BitMax's Announcement Channel
Help Center
Twitter
Reddit
Thank you for reading.
This Blog by:
Rhinoboy11
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Bitcoin Username: @Sammygye
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