Online platforms where you can exchange one cryptocurrency for another or, a cryptocurrency for a fiat currency, are known as cryptocurrency exchanges. Traditional cryptocurrency exchanges operate like traditional stock exchanges where buyers and sellers trade on the basis of the current market price of cryptocurrencies (with the exchange paying the middle-man). Some of these deal only in cryptocurrency, while others enable users to trade fiat currencies like the British Pound for cryptocurrencies like Bitcoin or Ethereum. Most are run by third parties, have a middle man who can do support and correct some issues. So where does Bitfair fit in into the cryptocurrency ecosystem?
What is Bitfair?
Bitfair is a cryptocurrency trading platform that aims to eliminate the apparent pitfalls in traditional cryptocurrency exchanges by implementing a platform wide Over-the-Counter trade system for derivatives trading. To ensure limited margin requirement and capital exposure, all orders will be OTC. Using Bitfair’s proprietary matching algorithm, each order will only be executed if it is matched peer-to-peer with another order. This will remove the risks that come with a Broker based system such as low liquidity and high volatility.
Through the aforementioned techniques, Bitfair is in the unique position to offer its users a wide range of opportunities with altcoins which cannot be offered by any other platform.
Why should Bitfair matter to you?
Altcoins are the new kid on the block and they are as unpredictable as they are exciting. With the biggest altcoins vying to take the top spot from bitcoin, they are all attempting to carve their own niches, with goals nothing short of re-imagining the way we do business, how we send and receive money, and how we transfer assets like properties and cars.
In the current state of today’s cryptocurrency eco-space, there is no existing platform which allows you to make the most of altcoins falling in value. Most have convoluted steps involved in trying to capitalize on such opportunities. The main problem with the most exchanges however, is the fact that you have to hold the coin first before making any moves. You can only sell the token at its current price and buy it back again at a lower price. Bitfair aims to change the way altcoins are traded.
Making the most of an opportunity:
Bitfair will offer the ability to trade the top 100 altcoins across various industries.
It is an entirely Over-the-Counter derivative exchange with the underlying financial contract being an option. Since all options are settled by Bitfair, owning the token you wish to trade is not a requirement. This opens up a world of new opportunities to traders and allow them to profit quickly and effectively during up and down price movements of their favorite cryptocurrency.
The platform will be up and running 24/, so missing a trade opportunity due to the platform being down is not an issue which needs to be taken into consideration. Trades can be made entirely at the convenience of the user. The Smart Option Contract fee is 1% of the required margin and paid in their native XBF token. 50% of the fee is always burned by Bitfair resulting in an ever-decreasing supply of XBF tokens.
Participate in the Bitfair Pre-Sale!
The Bitfair pre-sale is now live and is open for all in the community. The Bitfair Utility token (ticker: XBF) is a token created by Bitfair to help facilitate Over-the-Counter trades through their platform. It is based on the hugely popular Ethereum ERC20 token, which is considered the current market standard. The tokens, after purchase, are valid indefinitely and are the sole property of the buyer. The price of a single XBF token is $0.05.
The XBF tokens grant the holders incredible product benefits as well, including attractive rewards based on the user’s activity on the platform.
Participate in the Pre-ICO sale and be a part of the journey with Bitfair, a promising blockchain enterprise of the future.
For more information on the Pre-ICO Sale, ICO and Bitfair in general, check out the Bitfair website at www.bitfair.com, and their white paper at www.whitepaper.bitfair.com. To stay up to date with the latest news and updates, join their Telegram community at https://t.me/bitfairhq.
Media Contact:
Name : Magdel Steyn
Email: magdel@bitfair.com
Cell no.: +27 74 102 4851
Website: https://bitfair.com
TG Group Link: https://t.me/bitfairhq