Trading verhoging The trading toneel at Bicoin.den is web-based and very elementary.
Bitcoin.den is a toneelpodium, connecting buyers and sellers of Bitcoin. The podium is more similar to eBay than to a traditional digital asset exchange.
The company, security of funds
Bitcoin.den is wielded by Bitcoin Deutschland AG, which is a &ldquo,tied juut&rdquo, of FIDOR Canap AG. This partnership with an innovative (and perhaps more importantly, highly-regulated) bankgebouw does bring a loterijlot of stability to the company. It is worth pointing out that FIDOR Canap is one of Germany&rsquo,s very first &ldquo,Two.0 canap&rdquo,, focusing primarely on digital assets. also has partnerships with Openbreken and Ripple.
Spil wij mentioned ter the beginning, Bitcoin.den is a toneel which matches buyers and sellers of Bitcoin. Ter order to fully utilize the service suggested by, one voorwaarde provide the company with a bankgebouw account (preferably an EUR one, connected to the SEPA system).
Trading on the toneelpodium is not instant (for the most part), unlike the way it is with most exchanges such spil Bitstamp. The order book on Bitcoin.den is essentially packed with offers by different sellers, who build up their reputation overheen time, much like ter an online store, like the ones te online stores (eBay comes to mind). While an &ldquo,express trade&rdquo, option is available, it only permits real-time trading if you have a bankgebouw account with FIDOR Canap.
While this entire proces emerges to create more safety, wij feel Bitcoin.den is re-inventing the wheel. That being said, the service is clearly targeting a very specific customer-base &ndash, those who are willing to invest te Bitcoin, but want to have a handelsbank connected to the entire project. Additionally, this can be a good gateway company, into the world of cryptocurrencies.
Bitcoin.den has not bot hacked yet. On top of that 98% of the coins are kept te cold storage and the company provides two-factor authentication. The community terugkoppeling on Bitcoin.den is very positive. While people recognise this is not an altocoin-focused exchange, like Bittrex or Poloniex, they do love the quality of service.
Trading instruments (cryptocurrencies)
Only Bitcoin (BTC or XBT) and Bitcoin Specie (BCC) are suggested at Bitcoin.den. Additionally they are traded only against the EUR.
Ondergrens initial deposit
While wij don&rsquo,t have any information on the ondergrens deposit at Bitcoin.den, the ondergrens transaction size is &euro,60. This may be a high drankbuffet for some traders, who may choose the service of a company like IG, where you can open a forex trading or spread-betting account with spil little of a deposit, spil you would like. By the way, they also suggest Bitcoin and Ethereum CFDs.
It should be demonstrable by now, but margin trading is not available at Bitcoin.den. Spil wij explained earlier, this is only a company which aims to connect buyers and sellers of Bitcoin. If you want to only trade cryptocurrencies speculatively, without contemporáneo ownership of the coin, the forex brokers, who opoffering bitcoin may be a better option for you. The two services are very different and wij would advice you to read our comparison, before choosing which one is better for you.
The fees at Bitcoin.den are split evenly inbetween the buyer and seller. They vary inbetween 0.8% and 1%, depending on your method of payment (i.e. bankgebouw account type and type of transaction). While they are a bit higher than the promedio toverfee of about 0.20-0.25% at other exchanges, its worth pointing out some companies charge more if a canap or credit card transfer is involved. Spil mentioned previously, this is a service for those who are willing to buy the contemporáneo Bitcoin, where spil purely speculative traders may choose other options. Forex brokers, for example waterput all of their fees ter the sperad of Bittcoin CFDs.
The trading toneelpodium at Bicoin.den is web-based and very elementary. This is not surprising, considering the fact it&rsquo,s more of a listing service than a true speculative trading toneelpodium, like MetaTrader4 (MT4), for example. Here is a preview of the charting:
Spil you can see there are a few spikes marking transactions at prices differing substantially from the current market. While wij are not certain, this may be due to a transaction registering spil ended (hence affecting a chart) hours after the market has already moved (spil most trades are not instant and require a confirmation).
Here is a preview of the order book:
The unusual facet about this book, is the fact, there are seller/buyer ratings, represented ter the petite symbols ter the extra informatie katern.