00:00Welcome back to Decentralized News. Today's video, we are looking at Bitsy Cryptocurrency Exchange.
00:08So we're just doing a quick review of this platform. What is Bitsy Exchange?
00:14So this is a company under a holdings limited incorporated in the British Virgin Islands and Bitsy VFA exchange platform is a platform that actually uses a high trading volume, horizontal scaling and infrastructure that is a self-hosted service.
00:41And it is the company that operates this exchange and uses of the platform are able to buy and sell cryptocurrencies.
00:54And, you know, they have an all in one order book with deep liquidity and they claim to have crypto rates that are also very competitive.
01:03And they offer a multi-currency spot and derivatives trading.
01:08In addition, they also have NFT and they have a exchange white label service and over the counter service or disk.
01:20Also, they deal with the asset management in terms of being a custodian and also involved in crypto payment gateway.
01:30So this is a company that is, you know, available if you want to use the actual platform, the exchange, you can download it on desktop or you can on mobile rather on your iOS or your Android device.
01:48And they also offer multiple fiat on and off ramps and provide one stop solutions for withdrawals and deposits trading and also for conversions of funds.
02:04And what I like about Bitsy and what they're trying to do is that users can actually find all the trading pairs in one order book.
02:15And they also have the ability to automate the trading strategies.
02:19So they do have advanced bots, technical indicators, and these are all free for users as well.
02:27So as a user, you're able to download it and use the margin trading terminal on Bitsy by simply downloading and installing the margin software based on the operating system.
02:42So you can also obtain an API key and a secret via the Bitsy account by entering API key name and selecting the key permission and the IP access restriction as well.
02:57So it has the static ping pong bot that also places limit orders, which is considered the simplest bot when it comes to margin trading.
03:10So some of the popularly traded crypto assets will include what you already know, Bitcoin, Ethereum, etc.
03:18But they do have a strong focus on our futures and you can have a multi-asset margin and settlement in USD, BTC or any choice of stable coin,
03:31which, you know, they say this allows you as a user to pretty much freely combine your margin and select your preferred settlement currencies as well.
03:41Leveraged trading is another one of the focuses.
03:45They do offer both perpetuals, futures without expiry dates, that is, and futures with expiry dates as well as leveraged trading to users.
03:57Maximum leverage for perpetuals and non-perpetuals is a whole hundred X.
04:03And they do operate a 24-7 OTC desk as well with no additional cost.
04:10If you are trusting centralized platforms for your earning and lending and that sort of stuff,
04:19then you can also check out their features where, you know, they do say you can earn up to 8.5 annualized interest rate through staking
04:28and also choosing the range of flexible and fixed-term products.
04:33Users are also able to lend their idle assets to the capital pool.
04:38And they say the interest is paid out depending on the type of product and staking enables them to also offer interest rates on selected assets.
04:50Flexible terms can be redeemed anytime.
04:53And the interest rates are variable with compounding interest payouts.
04:58If you want to see the full rates, you can go to their website or check out the link in the description to the full review.
05:05They do also have a referral program.
05:08They also have an ecosystem token, Bitsy, which is an exchange token with the same ticker for the exchange.
05:16Powering that ecosystem says it's designed to boost your trading experience.
05:22And it's the first exchange token built on Liquid.
05:26Liquid is a Bitcoin side chain-based settlement network for traders and exchanges.
05:32And this is one that's run pretty much by Blockstream.
05:39And they also have these index futures products.
05:43And you can also check out their fees in terms of fiat currency deposits and withdrawal fees,
05:50spot trading fees, futures trading fees.
05:52They're all sort of covered in depth.
05:55The link is in the description to the full review to Bitsy.
05:59Let me know what you guys think, if this is an exchange that you guys use or if you recommend it.
06:05And I would love to know.
06:07And like, share, subscribe, turn on the notification bell.
06:11Check out the rest of the links in those descriptions to my books,
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