The BitMake exchange is a potent cryptocurrency trading platform offering its consumers a significant advantage over competitors because of its superior design and distinctive trading features like its Unified Trading Account (UTA).
Furthermore, BitMake set out to provide customers with quick, secure, and transparent trading experiences from the beginning of 2022. BitMake has since grown in popularity among both new and experienced traders because of its user-friendly interface and cutting-edge features.
BitMake utilizes the latest proprietary technical architecture in this field to provide customers with high-speed services for exchanging digital currency. In addition, the platform has an experienced customer support staff dedicated to providing users with the greatest trading experience.
BitMake Features
1. BitMake Unified Trading Account
BitMake offers a lot of different trading options but the feature that draws the most attention is the Unified Trading Account (UTA) allowing traders to manage their funds, tailor their trading experiences, and control risks all at once without having to transfer between several accounts
Additionally, traders may maximize their capital by utilizing many currencies as trading collateral via BitMake’s Unified Trading Account. Several currencies can be used as collateral for both spot and futures trading by converting them into US dollar derivatives (like the USDT).
Bitmake’s UTA feature enabling you to access a range of different trading tools with one click, can help you improve portfolio management, maximize capital efficiency, and change your trading style.
2. Futures Trading
An underlying asset such as bitcoin may be purchased or sold at a predetermined future time and price through a futures contract between a buyer and a seller. After the agreement, the buyer is obliged to accept the asset and make payment for it, and the seller is required to deliver the product and get payment for it.
BitMake futures are becoming distinctive since they are settled stable coins: all futures require stable coin deposits as security, and your PNL is settled in stable coin. In addition, three important indicators for consideration are Pnl, Average Open Price, and Break-Even Price. The risk of an investment in BitMake Futures is mostly determined by the risk rate and margin ratio.
3. Lending
Any loans you make must be clear about the amount and interest rate. You will be paid the hourly marginal interest rate if this loan is finally borrowed (i.e. if your interest rate is less than the marginal rate).
Lenders may avoid counterparty risk with the BitMake lending option, which ensures interest payments for the duration of the loan, even if the borrower is liquidated.
Additionally, BitMake does not charge any fees to lenders. All interest paid by borrowers will be directly transferred to lenders.
4. Borrow
BitMake exchange Borrow provides borrowing where the entire process is abstracted into net balances, saving you the time and effort of figuring out several procedures to seek borrows, acquire them, move the money, open/close positions,…
You can borrow spot tokens by making purchases that exceed the balance in your account as long as you have enough margin. Furthermore, the buy/sell/deposit/withdraw instructions can function consistently if your account has enough total collateral to cover the necessary loans.
5. Spot Trading
Spot trading includes purchasing or selling assets at the current market price, different from Futures or Options trading where contracts are agreed upon for future delivery. Traders can immediately be the owners of the assets they are swapping using spot trading.
Additionally, by borrowing money from other BitMake users (lenders), who intend to get a profit on their assets, users may trade with leverage and go short on spot markets.
The interest rates are determined by the platform’s lenders, who are paid hourly. Lenders can call back their loans at any time and get payment within an hour.
Spot margin positions are controlled by collateral requirements and liquidation procedures, similar to futures. Besides, you don’t need to be concerned about a separate spot margin requirement because your futures contracts and your spot margin holdings are cross-margined.
Is BitMake safe?
Yes, it’s safe to use Bitmake. The most significant feature is that your account will be able to apply dual authentication. Email is one of many options, however, the platform recommends using Authy/Google Authenticator (Google Authentication). Furthermore, you should finish configuring the anti-phishing passwords as soon as possible to protect the security of your account. You may also use the Address Management security function in your BitMake account for further protection.
BitMake Fees
For all futures markets, BitMake offers a tiered fee structure as follows:
Spot Trading Fees
Fees for both Takers and Makers are 0.1%
Futures Trading Fees
BitMake Customer Service
BitMake provides a chatbox to assist customers with their problems. You may also interact with them on multiple channels such as Medium, Telegram, Twitter, and Discord. Any requests from the mentioned list must be submitted at the specified location. Additionally, you may get all the information needed in the BitMake Help Center.
BitMake Application
BitMake users may trade cryptocurrencies, manage their accounts, and get real-time market data via their smartphones. The application has a user-friendly interface and is compatible with both iOS and Android devices.
BitMake Conclusion
BitMake is a reliable cryptocurrency trading platform that prioritizes transparency and security for its users. Its unified margin structure facilitates trading, supports a variety of currencies, and reduces liquidation risk.
In addition, the website provides 24/7 live chat support, strong security measures, and a mobile app that includes news notifications and advanced charting tools. To sum up, BitMake is a trustworthy cryptocurrency trading platform that investors should consider.
Frequently Asked Questions
How to reset my BitMake account password?
- On the left corner of the screen, select [Security Center], then [Modify] that next to Login Password.
- Enter your old password first, then your new password, and confirm it again to send a verification code to the email address you registered. After entering the security verification code, click “Confirm” to complete the password reset procedure.
How can I get other BitMake users to recharge me?
- On the [Deposits] page, select the [Internal Transfer] tag.
- Choose [OK] after carefully reading the [Internal Transfer] deposit information.
- Copy the deposit address or scan the QR code by hovering your cursor over the [copy] or [QR Code] buttons
How to withdraw money from BitMake?
- Register on the official BitMake website.
- Select “Assets” in the upper right corner and click “Withdraw” from the menu.
- Choose the currency to be withdrawn. Specify the withdrawal address and choose the withdrawal network. Enter the withdrawal number and any optional meme or tag comments.
- Choose “Withdraw.” Enter your password and the verification code from Google if any or the verification code from email. Verify the withdrawal details then check for the transaction to finish.
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