Bitcoin Forum

Really cool UI! What are commission rebates?

Thanks for your feedback :) Commission rebates are basically bonuses paid out to market makers that are providing liquidity to the exchange in the form of limit orders - instead of paying us trading fees, we pay you for trading.

Cool!! How much do market makers get?

0.05% - applies to all trading pairs. Further info on our fee structure can be found at https://redot.com/fee-schedule

Thanks!! Just signed up

I can't find any information about withdrawal information, KYC information. Do we need to fill KYC to make a withdraw or we can do it without any KYC. How about account lock and anything that makes user can't withdraw their asset or even access their account. No FAQ that make user easy to access any information related your website for beginner. Also, your social media doesn't have any followers, if I see your domain registration, you are already online since 2019, how you can get USDT 200.000 volume when you social media doesn't have any followers? The last question, any testimonial from any user who already succeed to withdraw their money in public sites reviews or forum?

Thanks for your questions and feedback - FAQ section is something we're currently extensively working on. Let me address the remaining points that you raised below:

- Do we need to fill KYC to make a withdraw or we can do it without any KYC - KYC is necessary before being able to use the exchange. We're a fully licensed entity adhering to European AMLD5 legislation so there is no way for us to establish a business relationship with anonymous users.

- How about account lock and anything that makes user can't withdraw their asset or even access their account - We currently don't offer such functionality but we do offer 2FA.

- I see your domain registration, you are already online since 2019, how you can get USDT 200.000 volume when you social media doesn't have any followers? - We have been up and running since 2019 with a closed group of active traders. During this period we intentionally didn't focus on marketing our exchange.

- The last question, any testimonial from any user who already succeed to withdraw their money in public sites reviews or forum? - There are many users that already successfully used the platform, but I'm not sure if any of them wrote public reviews. Mind you we're a licensed exchange based in Europe that is following a stringent regulatory procedures and best practices with security being our utmost priority.

- I can't find any information about withdrawal information, KYC information - What sort of information are you looking for? We're always glad to answer you here, over email, Telegram or our other official social media channels. In terms of withdrawal fees, you can find them here https://redot.com/fee-schedule. To submit KYC information you need to 1. Log in 2. Go to settings 3. Go to verification.

I hope this answers your questions, and if not, please don't hesitate to ask further questions.

1. KYC
So, if there any member who want to withdraw a small amounts they have, maybe only 10 USDT, they need to fill KYC. I think this is not good, since another service give an option to their user to use an option withdraw without KYC.

2. About testimonial and reviews
Maybe you need to start to claim your pages on  reviews sites. So if there any member give a reviews, lot of people will give their trust.

1. We're legally obliged to do that even for small amounts
2. Thank you for your valuable input, it's actually a great point, we're certainly going to contact websites focusing on reviews :)

I already tested it, it was super seamless. They approved KYC within 3 min, then I could deposit usdt. I played with trades for a while, thenn tested withdrawals, everything was super fast, withdrawal went through without any issues. So far so good - but I would recommend adding more tokens since I like to trade wide range of alts.

We're very glad to hear that :)

1. Yes, you can do anything with your service, i'm here just want to make sure the withdrawal and KYC issue. This will help another user find information about that since your FAQ not ready yet.

2. No problem, you can start your journey :)

https://redot.com is the new kid on the block, but we’re perfectionists whether it comes to user experience, trading engine speed, or incentives. Please don’t hesitate to ask us anything and we will reply promptly. We want to work with our users to make Redot the best place to trade.

Also, login to https://redot.com right now - we’re running a 70% referral scheme, more generous than just about anything in the market. We’re interested in growing our user-base, hence such a generous offer.

Happy trading to everyone! :)

We strictly follow existing legislation, it doesn't exactly depend on us :)

So are your payouts in USDT or BTC or is it the coin the referrer traded in, for the referral program?

Payouts are in BTC, not in traded coins/tokens.

That's cool, will try to participate. Btw, you guys really do have a cool UI, even better than Binance.

Thanks for your feedback, we appreciate it :)

Any bounty program?

Thanks for your interest in Redot - we're about to launch a very generous bounty program, make sure to stay tuned.

Will there be twitter bounty?

I am see for a bounty payment use  btc. and how long is the payment period after the bounty ends?

It will be done shortly after the campaign end, matter of few days.

Just started using Redot.com and enjoying it so far.
The interface is very convenient, very easy to use. The fees are not too big, which is also a plus.
They're licensed by EU regulators which means it can be trusted.

I wonder how long will the 70% referral campaign run.

This is my first time to encounter this exchange and got interested because it shows that you are compliant with ISO 27001 and 9001:2015. This is the first exchange that I've seen complying ISO. How can we know that those are all legit?

And one more thing, if you will require KYC at all level of users, would be hard to attract crypto users as some of them don't want to submit KYC docs like me.  :P

Nice UI indeed! Well done.
We would like to promote your exchange in our "Soon to launch" crypto ad network.

Will it be possible for us to place a conversion pixel on the sign-up button and also a re-targeting pixel would be nice.
Please let me know.

Internet Revolution: Investing Web 3.0 through crypto

https://redot.com/blog/internet-revolution-investing-web-3-0-through-crypto/

The Network Effect: How and Why it's Important

The goal of platform firms is to create a network of users who all desire the same thing. Assume your platform is only available to one person. Other groups are unlikely to join the movement in that situation since there is nothing in place for them - but with more individuals on board, everyone has room to grow exponentially. This concept is known as the "Network Effect."

Before adopting any growth strategies, platform designers must first understand what network effect entails. For example, if you were the only one with an email address, it would be of little use to you. However, when more people sign-up for email accounts and communicate via email, it becomes increasingly useful.

Read More ->

https://redot.com/blog/the-network-effect-how-and-why-its-important/

The Beginner’s Guide: Japanese Candlestick Pattern

Have you ever wondered how to predict the movement of cryptocurrencies? Most professional traders use charts and analysis. The good news is, the process is not as difficult as you might think!

According to an article published by Consumer News and Business Channel (CNBC), 88% of the predictions based on the quantitative analysis turned out accurate.  Funny enough, the selected methods weren’t that advanced - just so any average or even a beginner trader could master them.

The fact is, in the world of cryptocurrency trading, it is important to read charts and analyze price patterns. This is one of the most used processes used by traders to analyze the market and make more accurate predictions on the value of a digital asset.

With the right analysis of past trends and a few confirmations from indicators such as MACD (Moving Average Convergence Divergence) or RSI (Relative Strength Index), an investor can make entry decisions with above 65% level-of-accuracy.

The best part? You don't need to know it all; you can make the most of your investment by leveraging your knowledge on the most powerful candlestick pattern in this post to understand market dynamics better.

Read More -> https://redot.com/blog/the-beginners-guide-japanese-candlestick-pattern/

Top Stories that Moved Crypto Markets

Russian Ruble Drops 30% as West Imposes Sanctions

Russia's Ruble tumbles by 30% and hits an all-time low as it trades above 100 rubles for 1 USDT. South Korea looks to pump $187 million into its national Metaverse project.

Read More -> https://redot.com/blog/top-stories-that-moved-crypto-markets-4-march-2022/

China's Crypto Crackdown - What You Need To Know. China FUD

China's recent cryptocurrency regulations have caused a lot of confusion. The Chinese government announced that they plan to ban all digital assets such as bitcoin trading, initial coin offerings (ICOs), and cryptocurrency mining by September 2021.

The notice passed by the government restricts all forms of cryptocurrency activities. This includes selling tokens, trading crypto, and performing transactions involving virtual derivatives. The Chinese central bank said, "Speculation and trading of Bitcoin and other forms of cryptocurrencies have become widespread, disrupting financial and economic order”.

This has given rise to illegal fundraising, money laundering, pyramid schemes, fraud, and other forms of criminal and illicit activities with over one thousand people being arrested for using proceeds made from crime to buy cryptocurrencies."

READ MORE -> https://redot.com/blog/chinas-crypto-crackdown-what-you-need-to-know-china-fud/

The Long Straddle Options Strategy: A Safe Bet Against Market Unpredictability

The market has no friends or favorites. It can go your way today, but tomorrow isn't promised. Traders and investors are daily saddled with finding proven ways to stay profitable in the market and minimize losses.

Being profitable in varying market conditions involves engaging the right strategies that help you sync with profitable market movements - but because of the market's unpredictable nature, sustaining consistent profit can be arduous. Therefore, protecting yourself from the unpredictability of market movement is paramount. Hence, concepts like the long straddle options strategy.

The long straddle options strategy is essentially a bet on volatility. It involves an investor taking a bet that the market will react strongly to an event but unsure of the market direction. So, he applies the long straddle strategy that allows him to bet both ways on the market and profit; either way, the market moves.

Before we consider what the long straddle strategy is, let's lay a little foundation by answering the question, "what is a straddle?"

Read More -> https://redot.com/blog/the-long-straddle-options-strategy-a-safe-bet-against-market-unpredictability/

Chainlink (LINK) Price Prediction | The Bull and The Bear

In this post, we will take a look at historical data and use mathematical modeling to derive bias-free Chainlink price predictions.

https://redot.com/blog/chainlink-link-price-prediction-the-bull-and-the-bear/

Could Russia evade sanctions through cryptocurrencies?

The US Financial Crimes Enforcement Network (FinCEN) and EU lawmakers have put financial institutions on high alert about the possibility of Russia evading economic sanctions through cryptocurrencies.

Read More -> https://redot.com/blog/top-stories-that-moved-crypto-markets-11-march-2022/

AAVE (LEND) Price Prediction for 2022-2025: Will AAVE (LEND) price go up or down?

Investors will readily attest to the financial reality that there is a time for everything. If you follow theology, then, “for everything, there is a season.”  Recently, there has been a great deal of hype about AAVE coin. You are probably wondering if it’s a good time to invest, but there are many factors to consider, such as the market environment. In this article, we will look at the AAVE price prediction so you can weigh the potential future price to decide if it can lead to a profitable investment.

Read More -> https://redot.com/blog/aave-lend-price-prediction-for-2022-2025-will-aave-lend-price-go-up-or-down/