Room: BITCOIN Bitcoin exchanges

Description

ALFAcashier is a fast, reliable way to exchange electronic currency. The service is fully automated and requires no interference by an operator. All payments are instantaneous, requiring just two confirmations from cryptocurrencies.

It’s the perfect solution for anyone who needs to buy or sell cryptocurrency, exchange one form of electronic currency for another, or transfer funds to a bank account with minimal losses. Our mission is to exchange electronic currency quickly, ensure the availability of funds in any country in the world, and provide the best quality of service.

ALFAcashier also has a feature for merchants. It provides a quick and easy way to start accepting Bitcoin and other cryptocurrencies for business.

This feature offers the fast and easy way to generate invoices and details for payment. Service allows to pay for the services with cryptocurrency, and the merchant will receive the funds by desired payment system. ALFAcashier provides protection against the fluctuations of cryptocurrencies. With this merchant feature you can expand your customer base by offering new payment methods on your site.

Another promising, up and coming exchange has caught our attention, CryptoFacilities. CryptoFacilities Exchange is founded by a pair of ex “city” (London) bankers from Goldman and BNP Paribas.CryptoFacilities currently lets customers trade just one instrument, a forward contract on the bitcoin price. It currently offers the contract with three expiry dates. A trader can lock in the price of a bitcoin by selling or shorting a forward. Basically its a newer exchange founded by a team with an expansive background in the banking financial sector operating out of London. Bitcoin Hedging & Trading. Their forward is a well built, highly capitalized bitcoin derivative exchange. You can hedge your exposure or go long & short with up to 7x leverage.  They appear to comply with many traditional financial regulatory standards imposed by the city of London.

CryptoFacilities is one of the more heavily regulated exchanges. Before you’re able to do anything at all, you’ll need to verify by uploading address and identification. This is because CryptoFacilities is a regulated by the City of London exchange, and they need to do full KYC/AML in order to comply with regulators. Once verified, you can deposit. The site is 100% bitcoin.

Bitcoin Derivatives Exchanges

CryptoFacilities currently lets customers trade just one instrument, a forward contract on the bitcoin price. It currently offers the contract with three expiry dates. A trader can lock in the price of a bitcoin by selling or shorting a forward. CryptoFacilities primary concern is hedging Bitcoin investments via derivatives trading. Its first offering will be the trusty forward contract, a trading mechanism utilized in all derivatives markets. A forward contract is trading today at a price in the future, in hope that it will move towards that price. The forward contracts, if used properly by Bitcoin investors, can provide a degree of price stability to a relatively volatile market.

CryptoFacilities Exchange Features

Crypto Facilities boasts being the first and only bitcoin trading venue to insure all client accounts and settle them daily on the blockchain. They have partnerships with Elliptic, part of a big four accounting firm KPMG-accredited blockchain security firm. Crypto Facilities accounts are hosted in its physically secure, multi-signature, cold storage Elliptic Vault. This partnership allows Crypto Facilities to claim the US Dollar value of your bitcoins are insured by an A-rated, Fortune 100 underwriter.

BTCe is our current favorite exchange because of accessibility, volume and anonymity.  BTCe does not however have the full range of capabilities that BitFinex and CryptoFacilities offer. Our BTC-E Review and Bitfinex review decipher our reasons for why they remain our main trading exchanges. Each exchange has their own feature set, henceforth we use many exchanges, and this insures us against losses in case any other them close shop. CryptoFacilities provides expert traders with expert features in an accessible exchange.

Bitmex Review – Company

BitMEX – Bitcoin Mercantile Exchange is an advanced cryptocurrency derivative trading platform. BitMEX is owned by HDR Global Trading Limited. That is a Republic of Seychelles incorporated entity.

Bitmex Review – Summary

• Deposit/Withdraw: BTC, LTC, ETH
• Country: Republic of Seychelles
• Currencies: Bitcoin, Litecoin, Ethereum
• Secure: Cold storage
• Platform: Good and many functions.
• Pros: High leverage–
• Cons: For professional traders.
• Our recommendation: Good for future trading with high leverage.

Bitmex Review – Services

Bitmex offers trading futures with leverage. This investment method involves high risk and we highly recommend you to know what you do before you start trading futures with leverage.

Bitmex Review – Fees

Available trading pairs are BTC/USD, LTC/BTC, LTC/USD, DASH/BTC and DASH/USD. Bitmex platform gives you the opportunity to trade with up 100x leverage. Bitmex offers XLT which is the only Litecoin future settled in Bitcoin. Trade with up to 15x leverage. Bitmex has the first and only Ethereum future The Ethereum future trades with up to 5x leverage.

Our opinion

We have not used Bitmex yet. We will update.

General

Some people complain about the platform being too technical. As we earlier said to invest in this kind of investments, you must know what you are doing. That is nothing for the non-experienced investor.

Lake BTC, started in 2013, has ample security measures, and its fees are on par with other large exchanges. There are multiple security protocols, and the fee schedule to buy bitcoins includes different fees for makers and takers.

The company is a member of the Coindesk Bitcoin Price Index and meets criteria for trading in the bitcoin/USD exchange. This enhances the liquidity of this exchange and increases the likelihood that traders will be available on the exchange. This enhanced liquidity is a hallmark of this exchange. Since it reflects asset availability and thus makes high trading volume possible, it helps you buy bitcoins. This also supports miners, merchants, high-volume funds and professional traders in addition to small bitcoin traders. This platform is part of the multinational Ripple gateway, which is an Internet protocol payment system developed by Ripple Labs. This network promotes quick, secure transactions.

The fees this exchange charges you to buy bitcoins vary. Like some other platforms, this one has different fees for takers and makers. Takers are charged 0.20 percent, while makers pay zero to 0.15 percent using a 30-day volume. So, the rate changes based on the number of exchanges you make. Trades are available for Chinese yuan (CNY), U.S. dollars and the Swedish krona (SEK).

Security based on several modalities is tight. This platform uses a two-factor authentication with a verification and sign-in key. It also uses cold wallets to store your buying power until you need to use it. Also, SSL encryption and SMS alerts you when funds are withdrawn to help protect your virtual currency. When a trade takes place, this system notifies you. The platform uses other advanced algorithmic modes of guarding transactions and keeping access to your cryptocurrency private.

The company understands its customers’ need for quick and accurate transactions to buy bitcoins and enables that. The time it takes to process moving funds in and out of your account varies. Both EgoPay and Ripple are spontaneous with no waiting. Using a bank wire, it takes up to two days to process but can take longer. To withdraw funds, there is a two-step approval process performed manually. Another delay can occur when hot wallets are low. This requires funding from cold wallets.

This exchange gives you a stable platform from which to buy and sell bitcoins with good liquidity and up-to-date security to protect cryptocurrency. The price of bitcoins is a factor of the Bitcoin Price Index of which LakeBTC is a member.