Business analytics firm MicroStrategy, which owns more bitcoins than any other private or corporate business organization, posted its biggest loss ever Thursday because of the digital currency’s gigantic crash last quarter. However, the organization’s long-lasting CEO Michael Saylor said the organization will keep purchasing a greater number of Bitcoins amid solid help from institutional financial backers.
In a recent release on Thursday, Virginia – based business analytics company revealed its statements showing a second-quarter fall of $299.3 million. These numbers in comparison with previous years’ numbers show the profit of $3million. Of which approximately $125 million in sales, up 13.4% from a year earlier.
The company disclosed that its overall losses topped $424.8million following a decline in its bitcoin reserves. The primary reason for bitcoin price cash is cryptocurrency’s prices plunge up to 40%. The impairment loss mirrors a decrease in bitcoin’s market value. However, it could adequately recover
In a statement, apart from loss, Michael Saylor informed the community about the company’s profitable debt offering in June. The firm has further raised its bitcoin stock with the purchase of additional 13,005 bitcoins for $489 million in cash.
Back in June, MicroStrategy raised a higher than-projected $500 million through the offer of securities to get a greater amount of the world’s biggest cryptocurrency. Backing from enormous financial institution’s financial backing, the organization got more than $1.5 billion in orders for the offerings, which was declared while bitcoin costs were at a one-month low of about $33,400.
Even though the bitcoin price slumped because of the cryptocurrency crash. Bitcoin remains the most valuable digital asset with strong market demand. The company’s CEO, Michael Saylor said the company is further finding a way to generate cash to purchase more bitcoin. Pilling up its bitcoin stock is the company’s long-term strategic planning.
MicroStrategy, whose stock has escalated 410%, costs have risen 260% over the previous year. MicroStrategy’s second-quarter loss is its most noteworthy one since the dotcom in 2000 when the information mining organization posted a second from last quarter deficiency of $168 million. That year, the stock took off almost 2,500% before plunging over 95% when the more extensive market slumped.
The company’s CEO said that if you look closely at the market sentiment, you will increase the demand and popularity of bitcoin among society. Market slumps and future economic indicators can be misleading sometimes. It doesn’t mean that the market price hike shows the exact reality. So, rather than blindly following market trends and price hikes, MicroStrategy decided to go with its market analysis.
from CryptocyNews.com https://www.cryptocynews.com/bitcoins-biggest-corporate-investor-suffered-299-million-loss-after-crypto-crash/
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The IRS has made an unpretentious, however, critical change in how the citizens should report digital currency taxes in their filings and tax returns. It is a welcome positive development, as it helps eliminate a portion of the disarray that the organization had recently made and limits the extent of what ought to be uncovered.
However, in the past IRS has received severe criticism over confusion regarding the efforts and steps to track taxpayer’s crypto-oriented activities. As a result, the organization’s current approach is far more appreciated. IRS, this time made all the necessary changes to its critical questions regarding the crypto traders.
In the 20201 drafts that were published, on July 22, 2021, IRS has made a swift however significant change to the phrasing of the suspicious virtual currency question which occurred up on the front of the 2020 government form inquiring “Whenever during 2020, did you get, sell, send, trade, or in any case, get any monetary premium in any virtual cash?”.
Law experts, public office holders, and the crypto community all agreed on the fact, that the previous wording of this question was extremely critical in nature. That is why IRS has received intense criticism. Critics build their argument “by putting such wording in the question, IRS tried to enforce its legal authority on people who would have answered that question.” It could have helped IRS to build an active database about customers.
It also raised serious concerns about how people should answer the question back in 2020. The updated draft is smaller in degree and traces that the IRS thinks, often about citizens with taxable cryptocurrency transactions, which would ordinarily happen, if the taxpayers stripped invested partially or all of its crypto-centric assets.
The question now appears as, “At any time during 2021, did you receive, sell, exchange, or otherwise dispose of any financial interest in VC?”
The broader spectrum of the changes implemented by IRS shows that this year U.S state regulatory authorities have turnaround the financial and regulation laws regarding the crypto market. However, in the past tax provisions regarding crypto trading were disgusting. Authorities were criticized frequently. According to IRS head, Michael Desmond said that approximately a 150million U.S citizens file their tax returns annually. Around 7 to 11% of them are young adults with deep affiliation with the virtual and crypto market. As per these facts, IRS should receive at least 12 million tax returns, however, the actual amount falls far behind this mark. The whole scenario leads to only one conclusion “people were suspicious of answering the question appears on their tax documents,” he said. To accommodate those people IRS amended its question. Which has been welcomed by the crypto community.
from CryptocyNews.com https://www.cryptocynews.com/irs-makes-necessary-adjustments-to-contentious-crypto-question/
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Germany has recently gone crypto pro. It comes with its own perks that include; the standard financial companies and asset managers are given a free hand for crypto investment, diversification of their investment portfolio, and fully exploring the Defi decentralized universe. Dekabank, one of the largest asset managers by investment volume in Germany, has recently shown some affection towards cryptocurrencies and is willing to invest in Bitcoin. This news was broken by an insider from the firm in a recent Bloomberg interview.
The whole investment endeavour in the crypto universe is made possible within Germany due to a new law that is about to take effect on the upcoming Monday. This law permits the special investment funds to dedicate about 20% of their investment into the crypto sector, especially Bitcoin. The main use case for these particular funds is for the investment regarding the insurers and the pension companies. In effect of this new legalization, the Dekabank happens to be among the list of those 4000 lucky special investment companies who will be able to diversify their investment portfolio by investing in cryptocurrency such as Bitcoin.
German Investors Exhibit their Interest Towards Cryptocurrencies
Bitcoin magazine approached Dekabank investigating their approach with Bitcoin purchase, to which Dekabank replied as follows:
“The bank at the moment is not offering any open-ended AIFs (alternate investment funds) to anyone so they can invest into bitcoin. Currently, the institution is still in the reviewing phase of this new decision that is about to be made, and nothing has been finalized yet pertaining to the purchase of the bitcoin or the volume of the purchase for that matter”. According to some top-notch analysts, German investors are showing some strong responses when it comes to investing in the crypto space, and they might experiment with Bitcoin at the lowest possible level for the moment. This way, they will be able to verify if there is a market for them when it comes to Bitcoin or not before moving in the big bucks into it; this will also be able to open a portal for other altcoins to join Germany in its crypto exploration.
from CryptocyNews.com https://www.cryptocynews.com/germany-based-asset-management-firm-is-planning-to-invest-in-bitcoin/
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As per the latest reports, a blockchain-based project has made a statement in regards to its ambition in the global sector. The blockchain platform has announced that it wants to continue advancing more into the technology. The firm wants to introduce more utility and support for the public through its protocol.
The project has announced that it wants to make the technology more accessible for users. Furthermore, it wants to make the usage of blockchain technology safer for anyone who wishes to benefit from it.
The firm has claimed that it wants to provide all the transactions safety through encryptions that are military-grade. This would be to ensure that the data is kept secure and private for the users as much as possible.
The name of the blockchain-based platform is the Jupiter Network. The project claims that it has one of the securest encryption capabilities. This encryption technology is the most suitable for the development of decentralized applications (DApps).
With the help of the encryption that the Jupiter Project providers, the developers can focus on building different kinds of decentralized applications. The firm claims that through its network, the developers do not have to worry about encryption and security when developing decentralized applications.
The developers can introduce as much innovation as they want, making it the most reliable and extremely competitive for other networks/projects. The network is also fully capable of providing support to developers no matter the projects within the crypto-space.
Some of the major projects include cross-border payments, the creation of new cryptocurrencies, NFT markets, asset creation, DEX, file sharing, and even decentralized voting systems.
The firm has announced that its services are already being utilized by many networks. These networks include PancakeSwap, Uniswap, and KuCoin. The firm is fully capable of providing a multi-chain bridge so the users can move their funds and tokens across the different blockchains.
For the Jupiter Project, the most profound creation is the Metis. Metis exists a chat application that is based on a decentralized network. The best feature about the Metis platform is that no matter the platform, it is able to synchronize with them.
The Metis development team claims that through the DApp, the users would have complete privacy and security even when it comes to WhatsApp and Facebook Messenger. The platform would offer full encryption and protection, no matter the platform.
The firm has revealed that no matter the message or content if it is being sent through Metis, it has military-grade encryption, which is double-encrypted. As a result, the content can only be read among the parties that are in the permitted group of the Metis network.
from CryptocyNews.com https://www.cryptocynews.com/blockchain-technology-is-ready-to-rival-social-media-chat-applications/
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Cryptocurrency wallets tend to be safe. Some best practices, including storing your seed phrase, private key, and pin and/or password on something offline, can be handy to be on the safe side. Although the same goes true for your crypto accounts, any platform where you cannot access your private keys directly can be risky.
Generally, losing a cryptocurrency can be the result of getting your crypto account hacked, going MIA, and losing your seed phrase or private key. Similarly, sending your digital currency to the wrong address can also lead to the loss of your cryptocurrency.
How to Avoid Losing Cryptocurrencies
The above scenarios can happen with anyone at any time. However, using insured custodial services and best security practices can help you avoid the inconvenience caused by any of the above situations.
Let’s look at some of the ways to secure your crypto accounts and wallets here.
The Basics
Writing down your seed phrase, private key, public key, and pin or password may not be a good idea to secure your crypto wallets or accounts. Instead, consider doing copy-paste for each of the above somewhere safe. Losing this information will, of course, cause you to lose your cryptocurrency. Make sure you remember the storage location so that you can retrieve your keys or password whenever needed. With this information, you can secure your cryptocurrencies unless the third-party platform you are storing crypto coins on gets hacked.
It is a must to save this information and avoid sharing or losing it. You can create a safe backup of your detail and keep it in another location, especially if you lose access to your primary place or misplace the device itself. Most crypto accounts do not have a private key, public key, pin, password, and seed phrase. It means you do not need to record lots of information except for the relevant details of each crypto account.
Advanced Ways to Secure Your Crypto Accounts and Wallets
Besides copying and pasting your keys and passwords, you can benefit from several other advanced ways to maximize the security of your crypto wallets and accounts.
Password Programs
Of course, you can get superior security by employing effective password programs, such as Google 2FA or LastPass. These programs are handy for the best protection of your cryptocurrency accounts and wallets.
Secure Offline Devices
Bonus points for securing your offline device with a strong password. Get more secure offline gadgets, such as a protected and encrypted USB drive and a reputable hardware crypto wallet. It will allow you to take advantage of the best protection for your crypto account passwords.
Create Strong Passwords
Never create a password containing your birthday or wedding date or any information, which is easy to fetch. Create a strong password with numeric and alphanumeric letters and make sure to use different passwords for each crypto account. You can refer to effective password programs like LastPass to get a hard-to-fetch password for your cryptocurrency account.
Use Google 2FA
When ensuring protection for your crypto account, employ Google 2FA where applicable. Generally, you can benefit from such a software-based authenticator for custodial services to get the best security against your crypto accounts being hanged. Consider backing up your 2FA on other devices through seed phrase recording when you are setting it up. In case of losing your 2FA, custodial support services can help you recover your crypto accounts.
Secure Your Public Key
If you have a non-custodial crypto wallet, you will use your public key as the address to receive digital money, whereas your private key serves as your password to unlock the wallet. Make sure to keep your private key somewhere offline secure, such as on an encrypted USB. With custodial wallets, you do not have access to seed phrases or a private key.
from CryptocyNews.com https://www.cryptocynews.com/a-guide-to-learn-best-security-practices-for-your-crypto-accounts-and-wallet/
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Even if you don’t have any prior experience or knowledge of the financial markets, you have still heard of them in some way or the other. Everyone knows of the existence and potential of the forex, stock, and now the crypto market, and has at some point, wished to join them. After all, the success stories are very alluring and it can tempt anyone to try it out. There was a time when this wasn’t that simple, but there have been significant changes in the last couple of decades. Now, all you need is a broker like CRYPTOP and you can begin.
It is true that there are a multitude of brokers to be found these days, with each claiming to be better and more suitable than others. Obviously, not all of them are accurate and transparent, or else there wouldn’t be any need for more than a few choices. Unfortunately, you only need one and this means doing your homework. Checking out this CRYPTOP review is how you go about it because it asks some essential questions about this broker that can help you decide if you should open an account with it or not.
Located in Zurich, Switzerland, CRYPTOP has been serving traders in different parts of the world since 2009, so it is an experienced company that knows what it is doing. However, you need to know a lot more about them before you can take things forward. This review will give you some much-needed answers:
What can you trade with CRYPTOP?
The first and most important question to ask about any broker is about what they will allow you to trade. The financial markets comprise of millions of instruments and you cannot expect a broker to give you access to all. Also, not all of them are capable of generating the same types of returns and this is another factor to be considered. Luckily, you will have an impressive range at your disposal when you decide to use CRYPTOP for trading because it has picked the best instruments from the leading financial markets globally.
Whether you want to trade foreign currency pairs like EUR/USD and GBP/USD, or you want to trade cryptocurrencies like Bitcoin and Litecoin, you can find them at CRYPTOP at your disposal. More than 100 instruments have been added, and other markets you can access include indices, commodities, stocks and bonds as well. The ability to diversify your portfolio is also available, so your trading risks are minimized and profits are maximized.
How can you trade at CRYPTOP?
It is not just about what you can trade; how you trade it can also have a big impact on your bottom line. You cannot make profits if your trades are not executed timely because the financial markets can change within seconds. All of this depends on the trading platform you use and CRYPTOP has developed a web-based solution to see to your needs. As obvious, you access it via the company’s website and this makes it very easy to use. The interface has been kept simple and user-friendly to allow every trader to use it right away.
Everything is straightforward and the use of advanced technology allows for superior and unmatched trade execution. You can also trade on the go with the CRYPTOP platform because it works on mobile devices and can deliver an optimal trading experience. The trading tools can help you in making profitable and timely decisions that ensure you don’t miss on any opportunity. There are tools for risk management, along with price alerts, trading signals, custom indicators, an economic calendar and even the latest market news.
Is CRYPTOP secure?
Having a secure trading environment is of the utmost importance because if you are constantly worrying about your money being stolen, or your personal information being compromised, you will not be able to focus. Hence, your trading performance will suffer and you can end up losing everything. To provide their clients with peace of mind, numerous security measures have been used by CRYPTOP on their platform. They have chosen to keep customer accounts segregated, which means company accounts are not kept with them.
The money is entrusted to the best banks in the market and this can prevent theft of your money. Since your data can also be stolen, SSL (Secure Socket Layer) technology and encryption has also been used by CRYPTOP for protecting all your sensitive and confidential data. Even if hackers steal this information, it will not be of any use because of the encryption. In addition to these measures, they also comply with rules of AML (Anti-Money Laundering) and KYC (Know-Your-Customer). As per these policies, all traders’ accounts have to be verified via documentation.
This can help in ensuring that no fake accounts are made on CRYPTOP and can also prevent the use of the platform in any shady activities like money laundering, identity theft, terrorist financing and financial fraud.
Do you get any support at CRYPTOP?
Another crucial question to ask about CRYPTOP is whether they have provided any support to you, which you may need at some point or the other. Even a tiny delay in trading can mean missed opportunities, or high losses, so you want quick assistance. You will find that available here, when you check out the Contact Us section on the company’s website. This is where they have given a number of email addresses and also phone numbers that can be used for contacting their team.
The agents at CRYPTOP are friendly and knowledgeable and you can contact them 24/5 to find your answers. They also have a live chat option, or you can fill the form to ask them to give you a callback at your selected time. Moreover, you will also find helpful tools and educational resources provided to you for ensuring you are using the right trading strategy.
What is the Verdict?
The answers to these questions make it apparent that CRYPTOP knows what it is doing and is a professional broker for trading.
In this piece of writing, I am going to introduce you to Bit-Finance, which has earned a good name as an honest and trustworthy broker. Comprehensive knowledge will be provided below in this Bit-Finance review.
Online trading was not an easy task in the past because it required devotion, attention, and hard work from traders. But with the emergence of ultra-modern trading platforms, this tiresome process has become easy and convenient. Most of the advanced brokerage platforms use AI (artificial intelligence) to track trends and to alter the sentiment of the market, and then provide the reports to their customers. With the help of these reports, traders remain aware of changing moods of the trading market.
There are plenty of trading instruments available nowadays but having so many options in front makes traders puzzled. At this stage, good brokers step in and help their traders to select only those assets which possess high chances of profit. A trader only needs to initiate the first step, and then gates of success and opportunity keep opening for him. Customized platform and account managers of Bit-Finance help traders in every step, including decision making.
Overview Of Bit-Finance
Bit-Finance offers multiple trading instruments, but it is widely regarded as one of the best options for trading CDFs and Foreign currency exchange. Many brokers hesitate in these assets, but Bit-Finance is an expert in them and proudly offers services for these assets. Cyber-attacks are very common nowadays, but with Bit-Finance, your investment will be 100% protected with the help of its security measures. Multiple security walls were erected at the time of its foundation. The platform claims that almost 99% of its clients are completely satisfied with its provided services.
Trading Platform
The trading platform of this broker is web-based. That is why it does not restrict traders to one device only because it can be accessed from any device without any unnecessary limitations. Traders are not required to download a single megabyte. However, if a trader himself wants to download its application, then he can do it from Playstore if he is an android user or from the app store if he is an iOS user. The spontaneous interface of the platform enhances the effectiveness of trading, and as a result, traders feel a sense of comfort and satisfaction. You can use this platform whenever and wherever you want because there are no restrictions.
The main target of Bit-Finance is to arm its traders with a fast, safe, and delightful trading experience so that their ability to earn can expand to maximum limits. The goal and priority of this broker are to serve its customers with its full zeal. In addition, the eye-catching user interface of the platform is much appreciated by its traders because it makes trading convenient.
Exceptional Trading Tools
Tools play a vital role in making trading easier for you because they predict oncoming price movements and market sentiment. Bit-Finance comes out with updated tools and software for its respected customers. These tools are very helpful in earning high returns by trading more than one asset at the same time. These tools are developed with the help of state-of-the-art technology, which increases the trading pace and opens new windows of prosperity and profit. These tools are helpful for both the beginners and experienced traders because it caters the needs of every trader effectively.
There is a Strategy Center established on the platform by Bit-Finance, which is beneficial for traders because it provides useful knowledge and tricks about the trading market. In this portion, the platform provides a significant amount of trading-related literature, which helps in polishing the skills of traders. Strategy Center is available for all, and it opens the gates of success for the traders. The modern trading platform of this broker makes trading convenient and lucrative for traders. You can earn some quick money by trading Forex, stock indices, commodities, CFDs, and cryptocurrencies by utilizing the education provided by Bit-Finance.
Trading Assets
Expansion of portfolio increases profits. That is the reason why Bit-Finance allows to trade in multiple assets at the same time. Here you are provided options such as Forex, CFDs, and cryptocurrencies. Investing all money in one asset increases the risk. That is why you should not put all eggs in one basket. The managers provided by the firm work as consultants, and you can seek help to know the tricks and techniques to increase the profit ratio. The assets available for trading on Bit-Finance are further discussed below.
The first trading asset or instrument offered by Bit-Finance is cryptocurrency. Cryptocurrency lovers will find here all the prestigious and highly rewarding digital coins of the market. The top of the line digital currencies are Bitcoin, Ethereum, Bitcoin Cash, and many more. The history of these coins shows that many people have earned millions by trading these digital coins, and now you can also make your dreams come true by investing in them. Don’t forget that these cryptocurrencies are more volatile than any other trading asset. That is why you need to do homework before jumping in this trade. Investors and high-profile organizations have invested in Bitcoin open-heartedly. That is why at this moment, its market cap is higher than all altcoins. The technology sector is also investing in Bitcoin because they know that its price will definitely increase in the future. Cryptocurrency analysts and experts are predicting that the flagship coin’s price will touch a six-digit figure in 2022. For the next decade, the analysts are hopeful that all digital coins will demonstrate even more progress.
Bit-Finance specializes in the trading of foreign currency pairs as well. In Forex trading, traders stake their money on fiat currencies whose market values change depending on the prominent changes occurring in the region. This market is famous for its high liquidity because traders bet trillions of dollars every day. If you want to trade in this market, then Bit-Finance allows you to trade many Forex pairs against top currencies such as Dollar, Pound, and Euro, but if you do not want to trade popular currencies, then you will be provided hundreds of other options as well. The daily trading volume of this market is over 5 trillion dollars. Bit-Finance’s provided tools and indicators will help you to predict price movements accurately.
Trading commodities is another option provided by Bit-Finance on its platform. Commodities are divided into two categories. Some are called soft commodities, while others are called hard commodities. On this platform, you will be allowed to trade both types of commodities. Commodities are the oldest trading instrument which is still very popular, and many people have become rich by trading them. In the online trading market, commodities such as oil, gas, and food still comprise a large share.
You may not be able to own a full company, but still, you have an option to buy its stock and become a partial owner. This type of trading is considered a good option to combat rapidly rising inflation. Some people, on the other hand, invest in stocks to become wealthy in a short interval of time. That is why stocks are a lucrative addition to portfolios if you want to diversify your portfolio.
Account Types
Bit-Finance offers four types of accounts that provide different features. These four types are named basic, silver, gold, and platinum accounts. The minimum deposit limit in all these accounts varies because they target different types of investors. These four types of accounts generally refer to four different categories of traders based on their investment limits.
The first account type is the basic account which is designed for beginners. That is why its initial deposit limit is set at a minimum. You can own this account by only depositing 500 dollars. The services provided to basic account holders are also basic, but it allows to trade from 150 available assets. The second option is the silver account which can be owned by depositing at least 5000 dollars. It is an upgraded form of a basic account which is why the number of features increases. If you want to open a gold account, then you will need to deposit at least 25k dollars because it is the minimum limit set by the broker for this account. The most advanced, loaded, and high-end account type offered by Bit-Finance is the platinum account. The minimum deposit limit for this account is not mentioned on the website, but it is expected to be over 100k dollars. To open this account, you will have to contact the broker through the customer support team. In this account, users are provided access to all the functionalities and features of the platform.
Some of the other features which are advertised on the platform include daily market reviews, dedicated ARM, trading bonuses, lower spreads, email and SMS alerts, priority on approval of withdrawals, and access to a loyalty store. All these features are unique and extraordinary, which are not being provided by any other brokerage platform in the market.
It is advised that while choosing an account, you should select an account considering your own level of professionalism and experience along with your investment limit. If your trading skills are not much strong and you bet on a large amount of money, then the chances of loss will increase. That is why choose wisely.
Stress On Education
If you want to be a trader, then training is a necessary element. Without possessing good knowledge, skills, and education, you will never be able to transform into a good trader. That is why you should learn the tricks and tactics wholeheartedly. To empower its traders, Bit-Finance has created a separate and dedicated section on the platform and named it ‘Education.’ The guiding material provided in this section includes an economic calendar, market analysis, trading signals, and training of the clients.
When you open the economic calendar, which is the very first option in this section, you will see a detailed list of important events that are going to take place in the near future. These events are listed there because they are likely to affect the prices of various assets in the upcoming days. This amazing feature will enable you to predict and guess future price behavior. The calendar suggests the percentage of the price movement and uses red and green colors to describe the possibility of decrease and increase, respectively. After having a look at these events, you will be able to make clever, wise, and clearheaded decisions regarding trading.
Bit-Finance provides two types of market analysis. These are fundamental analysis and technical analysis. The fundamental analysis covers all the substantial news and incidents that influence the overall performance of any firm or company. For instance, in fundamental analysis, you will analyze major developments or anything bad that happens to the company. In contrast, technical analysis deals with only price fluctuation within a specific time period. Most traders make decisions by following technical analysis only by using charts, graphs, and indicators, but Bit-Finance also prepares its clients to use fundamental analysis so that they can learn these hacks as well.
Trading signals are another useful facility being provided under the umbrella of Bit-Finance. Although it is a premium feature here, it is provided free of cost, and it helps the traders to make calculated decisions before actually betting on a particular asset. But the thing is, you will need to have firm faith in these signals; when a signal hints towards selling, then you should not go the opposite way. These signals are provided at the right time; that is why they increase the profit margin. Other brokerage platforms charge a fee for providing trading signals.
The last part of this section is the training of the traders. It may seem like an easy task, but it is quite the opposite. It requires great learning and exposure to trading to make things better in this procedure. Lack of training can cause losses, and traders may lose all their investment money. Diligent managers of Bit-Finance provide every possible support, aid, and training to those customers who need it. The literature provided for training covers all the important topics such as important terminologies, how to use TCR and an economic calendar, understanding price patterns, and candlestick analysis.
Attractive GUI
GUI stands for the graphical user interface. A friendly and interactive user interface makes trading smooth and enjoyable. A dull and boring user interface irritates people, and some people even leave the website after such a bad first impression. The user interface of Bit-Finance is created and designed according to modern principles and strategies. All the essential details are provided on the very first page, and you can find them without facing any difficulty.
When you open the website, you will notice a small icon in the corner asking you to provide your email address. If you enter your email address there, you will receive the latest news about the trading market directly in your inbox. These emails will keep you updated with current market trends, and this information will eventually help you at the time of placing bets.
Customer Support Service
The relationship between a broker and its traders depends upon the customer support service of the broker. Bad customer support service negatively affects this relationship. That is why online brokers pay special attention to this service. Bit-Finance is one of those brokers which are providing great customer support service since day one. They have provided their email address and phone number on the platform, and everyone can contact them 24/7. The customer support team members are professional and well trained who know exactly how to do their job. The main purpose of this platform is to provide relief to its customers of their problems and worries which they face during trading. If you face any problem or difficulty, feel free to contact the customer support team of Bit-Finance.
Is Bit-Finance Safe?
If this question is popping up in your mind, then you should not worry about it because Bit-Finance is one of the safest and secure platforms. The platform has never been a victim of any cyber-attack so far, which is proof of its strong safety system. The founding members of this platform have made sure that no outside entity can breach its security walls.
Bit-Finance is a professional broker, and professional brokers never compromise on security because if a single loophole is present in the system, then its customers can lose their money. This platform provides security of funds as well as personal information. Funds of clients are kept in segregated accounts so that money belonging to customers remains safe. The private information of traders is also safe because even staff members don’t have access to the personal information because it is collected only for identification purposes.
It is a piece of free advice for you that never join a trading platform without thoroughly researching about it. But if you have decided to register with Bit-Finance, then you will not have to research about it because it is a reliable and trusted broker. With state-of-the-art encryption technology, your personal data and investment are completely safe.
Final Words
Bit-Finance is a top brokerage platform which is providing its services to beginners as well as experienced traders. Its software and trading tools provide great help in earning profit. Its most amazing features are its education center and security measures. Its major objective is to provide mental peace to its traders; that is why it has made thousands of admirers in a short period of time.
