2020-07-08 13:23:32

Overbit Crypto Exchange is a reliable and modern financial partner

Overbit Exchange is a company founded in 2018 (the first launch of the platform took place in 2019). The Overbit trading platform is a platform completely created from scratch by the project team, therefore, it has a great advantage over similar ones on the market. Traders especially value fast communications, outstanding liquidity, and army-style security.

Overbit aims to become a world leader in the crypto derivatives market by introducing easy-to-use functionality to a professional trading platform, which in turn provides uptime and unique trading conditions.

Benefits

  • Margin leverage up to 100x on cryptocurrency and up to 500x on Forex
  • Security - the main working systems of the platform are developed personally by the Overbit team, they do not use third-party applications, except for TradingView charts
  • Ability to select the trading mode of the Commission or Spreads.
  • The ability to open a transaction in an isolated trading mode or cross-margin.
  • The possibility of independent choice of leverage.
  • All contract data, including the liquidation price, are displayed in the transaction window.
  • Unlimited demo account from 8 MTC and 50,000 USDT.
  • The ability to deposit funds in the MTC and USDT.
  • Bonus points - for each open transaction the user receives bonus points, which can later be converted to the MTC and withdraw from the account or used for trading.
  • Affiliate program - up to 45% of the commissions paid by the referral. Since the company has just begun to enter the market, there are not so many partners, and the potential is high. Payments are made daily.
  • You must go through KYC to withdraw funds, when registering, passing KYC is optional.
  • Access restrictions apply to residents of a number of countries: USA, Iran, North Korea, Sudan, Cuba and Syria. Residents of the UK and the EU must confirm that they are professional traders before starting to trade.
  • Localization of the platform and website into Russian, support in Russian 24/7 through live chat.

 

Safety

From the profile security settings there is a password change. You can find it at the very end of the My Account section:

Password change on the crypto exchange Overbit

Recall that the password should consist of lowercase and uppercase letters, numbers, signs. Better if it is a non-existent word and a random set of characters. The only requirement for a password at the site is that it should be at least 8 characters long.

But perhaps the most important setting is 2FA. Be sure to install it !

 

Brief history and investor interest

The Overbit exchange platform was founded in 2018, and is open to traders in 2019. Since then, Overbit has been working fine.

Overbit's mission is to enable traders to maximize profits by trading in several markets, speculating prices on world markets using Overbit.

That is why Overbit developers in 24/7 format are working on improving the intellectual trading system, using world-wide achievements in the field of artificial intelligence and the best knowledge in the field of investing and preserving capital, for the benefit of customers and companies.

Today, Overbit offers not only the purchase and sale of cryptocurrencies, but also margin trading, forex and silver and gold trading.

 

KYC on the exchange

Verification (KYC) on the exchange is required if you want to withdraw funds! Without it, you cannot withdraw your assets from the site.

To proceed to the KYC procedure in the profile tab, we look for the "KYC" section.

 

Commissions

For making BTC and USDT, Overbit does not charge a commission. A small fee is charged for withdrawing funds, which is the commission of the BTC and USDT network for transactions.

Overbit has the lowest commissions and spreads in the industry. Open a BTC / USD position for just 0.075%. Financing rates (rollover) are made every 8 hours. Usually longs pay, and shorts get paid. If you have two opposing positions, you pay and get paid.

 

Account Types

There are several types of accounts on the exchange. This is a live trading account and demo account.

 

Margin trading

Margin trading, also known as leverage trading, CFD or swap trading. Margin trading has historically been extensively used for trading in foreign exchange markets in order to increase profits with small fluctuations in currency pairs. The leverage ratio available in the foreign exchange markets is one of the highest available for investors.

Margin trading allows traders to open deals, the volume of which can significantly exceed their net worth. In favorable conditions, a trader using margin-leveraged trading can receive much greater profit from the transaction.

For example, on Overbit, a trader can use 0.011 MTC to open a position on LONG with a notional value of 1 MTC, which equals a leverage of 100X.

Therefore, if the price of the military-technical cooperation rises by 1%, the trader will be able to practically double his initial capital. In the same way, if the position drops by 1%, the trader may lose the margin used to open the transaction.

The advantage of the Overbit exchange is that the trader can independently choose the size of the credit (margin) leverage on the trading page.

 

Cryptocurrencies

There are 8 cryptocurrencies on Overbit, Bitcoin can be traded against the US Dollar and Japanese Yen, while other altcoins, with the exception of Cardano (ADA), can be traded against the US Dollar and BTC. Cardano can only be traded against the US Dollar.

 

Forex trading

Forex (short for Foreign Exchange) - currency exchange. The forex market is primarily considered the international currency market - the largest and most active financial market in the world.

On the Overbit exchange, the Forex market is represented by the following currencies:

  • AUD - USD
  • EUR - USD
  • AUD - USD
  • EUR - JPY
  • US - Yen

 

Metals

Another distinguishing feature of the Overbit exchange is that it can trade not only cryptocurrency and Fiat, but also valuable metals such as gold and silver. They are currently trading only to USD.

Overbit has an innovative reward system known as Reward Points (BB). For each new open transaction on Overbit, you will be awarded Bonus Points. Once you have enough BBs in your account, you can redeem Bitcoin (BTC) for them.

 

Overbit Crypto Exchange is a reliable and modern financial partner. If you are looking for a good job that will bring a stable and regular income, then the Overbit service will be a good option.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.