Dear BXB users,
You might have noticed that we’ve changed up our style and look. Over the past month we’ve been working hard behind the scenes to figure out what exactly it is that sets us apart as a cryptocurrency exchange. We’ve narrowed it down to a few things that we’ve worked hard to implement into our new look, interface, and how we interact with you – our community – as a company.
Firstly, we are renewing our dedication to you – the existing users of our platform and products. Many of you have had rewarding experiences with us through our tap trading product: The simple interface and easy to follow instructions & tips, and the instant and tangible rewards that result from our five-minute interval rounds. Rest assured that we’re constantly working on the back end to ensure that your trading experiences are free of bugs, uninterrupted, and that we are constantly hosting competitions and other giveaways to make your interactions with us as a company are safe, rewarding, engaging, and fun.
We will be attending more events, more conferences, and more meet-ups moving forward to communicate with you and meet you in person. Make sure to check out if we’ll be near you on our events page! But it’s not just offline that we want to constantly communicate with you. You’ll see new blog posts from us about the latest in the crypto-world, trading tips, and other useful information about our community. We’re also ramping up to roll out livechat functionality so that we are always around to answer your questions and listen to your feedback.
Secondly, our journey with our users, you, has made us realize that what we need to do next is throw the gates wide open to the cryptocurrency market in general; it is one of the biggest markets to exist in human history (over 160-billion-USD of the world’s assets are held in bitcoin) and at BXB exchange we think that it is only fair that this space becomes accessible to more owners. Ultimately, one way or another, we are all participants of the exciting new frontiers of cryptocurrency and blockchain technology development. It’s why we’ve opted for our new color and slogan – we want to make sure that we look the way that we feel: safe, approachable, hopeful, and excited.
Trading isn’t scary, nor should it be overcomplicated and limiting in its presentation. It’s not just cryptocurrency trading, trading in general is often considered an exclusive tool for those with millions to spare to further increase their own wealth and assets. You can read more about our thoughts in our revamped mission statement here.
We are committed to ensuring that you don’t need to place massive amounts of money on the market – or ANY money to get in on the action. We’re putting our money where our mouth is. For a limited time, we are giving away 5USDT and 10 of our own BXT tokens to any newly registered user. Follow this link and we’ll make sure that that’s deposited into your account.
So what does this rebrand mean for you? We won’t need you to do anything, but, we’d truly appreciate your renewed attention on our social media platforms, whether that’s our linkedin, twitter, facebook, Instagram, or telegram, and your continued loyalty to us on our platforms.
Lastly, please bear with us as we continuously improve our website, platforms, and products. We’re confident that with your input, feedback, and presence BXB exchange will arrive at the #1 spot for any cryptocurrency exchange out there.
There you have it. Happy trading, we’re excited to be reacquainted with you as BXB Exchange – Bitcoin Trading Simplified.
Leather, Cloth, Nylon...Hot? There’s more to wallets than material, and it could change the way you store your crypto.
Hot wallets, cold wallets, what’s the difference? Not too long ago, no one really cared. Then the Tokyo based exchange Coincheck became the victim of the largest cryptocurrency heist in history. Hackers disguised themselves as users and stole 58 Billion Yen of NEM, a type of cryptocurrency. Not only had coincheck not enabled two factor authentication, but the stolen money was only being kept in hot wallets. Luckily, cryptocurrency wallets have come a long way since then as far as security goes.
But what’s the difference? Basically, a hot wallet is connected to the internet, and cold wallets are offline. Thus, money stored in hot wallets are way easier to use on a regular basis because of how much more accessible they are, thanks to that internet connection. These are way more useful for trading because you can pretty much access your currency anywhere in the world, as long as you have an internet connection. However, cold wallet platforms are generally considered more secure, and much harder to access for standard trading since they exist in an offline space. Still, hot wallets are way more commonly used. With the standards for security on wallets today, even hot wallets are well protected.
You can think about it like a checking account and a savings account. Nothing wrong with having both! Keep the large amounts in the cold wallet, but keep enough in a hot wallet to be able to use high frequency trading platforms like BXB exchange. Considered one of the most secure trading platforms out there, they will not only provide you with a trustworthy cryptocurrency platform; they also make trading fun. If you were looking for a way to start trading cryptocurrency, then downloading this app is probably the best thing you’ll do all week.
Banks may hate it, but crypto is here to stay. How did this even happen, but even more importantly, how can you get in on the action??
If you’re on this site, you probably know that a cryptocurrency is a digital currency that is created and managed through the use of advanced encryption techniques known as cryptography. For a long time, such a thing was just speculation, but it became reality with the creation of Bitcoin in 2009. It attracted an initial following in the years that followed, but it really started getting the attention of investors when it peaked at a record $266 per Bitcoin after surging 10-fold in the preceding 2 months. At its peak, total Bitcoin had a market value of over $2 billion; however, shortly afterwards, that number was cut in half. This sparked a debate that still rages on today; what is the future of Bitcoin? Will BTC soon be as ubiquitous as USD and EUR, or is it just another fad?
We think the answer is clear.
The fact that it’s a decentralized currency that uses peer-to-peer technology is a major plus, as it allows all functions such as currency issuance, transaction processing and verification to be carried out collectively by the network. This decentralization gives Bitcoin and people who use it the power to pursue monetary transactions free from government manipulation.
Bitcoins are created digitally through a Bitcoin mining process that needs powerful computers to solve complex algorithms. Currently, they’re created at the rate of 25 Bitcoins every 10 minutes and this will be capped at 21 million, a level that’s expected to be reached in 2140. This is what makes Bitcoin so different from a fiat currency, which is backed by government entities to give it value. Very supervised and regulated by a nation’s bank, fiat currency is pretty much the opposite of Bitcoin. Because of this, many people see Bitcoin, and other cryptocurrencies, as the future of currency in the world.
Not a computer genius with a ton of computer processing power to spare? There’s an easier way to get in on the Bitcoin game. With BXB Exchange, you can get a piece of the action by simply downloading an app. BXB Exchange is basically high frequency trading for dummies; you get on, buy some currency, and start a fast-paced, low stakes trading game that can actually be the most lucrative thing you do all year. Once you get a taste of how easy it is to increase your assets using their tap trading system, you’ll be hooked on how fun high frequency trading can actually be. Enjoy winning!