Nexybit.com- Bitcoin Futures Exchange site. 1x~50x leverage, rich volume

[nexybit]

The Bitcoin Futures Exchange

Rich liquidity you can buy and sell anytime.
Various leverage (1x ~ 50x)
Two-Factor Authentication Security.
The Most Advanced Trading System.
The 100% Referral Program (80%Referrals, 20% Fee Discounts)
Lowest fee.(0.01%)


Nexybit.com has been  launched.

[nexybit]

We have also started a signature campaign for our site nexybit.com
Please click the link below for more details.

https://bitcointalk.org/index.php?topic=3259881.msg33960207#msg33960207

[Real14Hero]

Nice website, but is it really supposed to be in the investor based games section?
To what I saw, the website is more of an exchange offering margin trading option.
Nice signature campaign too, best of luck, hope to use this site in the near future.

[mynhpark]

[mynhpark]

Nexybit Trading Competition | $1,000 Give-Away

The Nexybit team is excited to kick-off the Nexybit Bi-Weekly Trading Competition!
The rules are simple. The trader with highest profit and the most volume takes home the $1,000 prize (in BTC).
All users are automatically included in the competition, so keep your eyes pealed and your fingers ready for action!
The first contest starts on April the 12th 2018 at 00:00 UTC and ends on April 27th 2018 at 08:00 UTC.
The $1,000 reward will be sent directly to the user's Nexybit BTC address based on the Competition's closing index price.


Competition Rules
The winner is the trader with the highest profits and most traded volume.

• We will be ranking all users according to profit and traded volume during the two week period. The winner will be the the trader with the lowest of both ranks. This is calculated as follows : MIN(RANK(Profit)+RANK(Volume))
• Profit is calculated by summing the realized profit rate. This is calculated as follows : SUM(Realized Profit / Order Value*100)
• Volume is determined by the number of contracts traded.

Don't Cry Bonus : Ledger Nano S Giveaway
Traders always have good days and bad, and the Nexybit team knows exactly what it feels like to have a bad day.
That is why we decided to give away a free Ledger Nano S for the user with the highest loss.
The 'Don't Cry Bonus' winner will be contacted by a Nexybit for their reward and will be sent the prize as soon as a physical address is confirmed.


Notes
Nexybit reserves the right to cancel or amend the Competition or Competition Rules at our sole discretion.
Any intentional "wash trading" during the Competition period will not be tolerated and may result in disqualification.

Good luck to the best (and the worst) futures trader!
www.nexybit.com

[googlemaster1]

I'm currently taking part in this competition with a couple friends (gentleman's "see who can win the most with .01" agreement) and was long during the rise, which was quite fun. I didn't want to tell anyone else about it because I wanted to win the prize all to myself, but I figure the trollbox would be more fun with some people in it .

However, this exchange is still new, and I would caution against using 50x leverage (I usually never go higher than 30x), with the way the order books move around I think it could be possible to get margin called when the price moves and they are refreshing the books if no humans have orders to protect that zone during the shift. I talked to the admin and they said this will soon be fixed, hopefully this week.

Full Disclosure: The owner of this website is a friend of a friend, and I believe it to be trustworthy. 

[nexybit]

Day 6 of the Nexybit Trading Competition

The Nexybit trading competition is in full swing and there are currently two users tied for 1st!
There are still 11 days until the competition is over, so good luck to everyone!
Remember you can add additional margin to your positions when things are a bit shaky.


Details on the competition can be found here.
www.nexybit.com | Nexybit : 50x Leverage 100% Referrals

[nexybit]

Rate Change Notification

We would like to thank all our signature campaign participants for their work. Because there were fewer participants than we had expected, we have decided to allocate the excess budget to our existing participants.  We are increasing our rates for Week 3. The rate change is as follows:

Legendary/Hero 0.00008 → 0.000096
Senior Member 0.00006 → 0.000072
Full Member 0.00004 → 0.00005
Member 0.00001 → 0.00002

We will be keeping this rate change for as long as our budget allows. Thank you.

[nexybit]

Day 7 of the Nexybit Trading Competition

The 1,000 USD prize (as well as the Ledger Nano) is still up for grabs!
There’s still more than a week to get some trades in.
Why don't you test out your trading skills on the cheapest and fastest futures exchange out there?


Details on the competition can be found here.
www.nexybit.com | Nexybit : 50x Leverage 100% Referrals

[nexybit]

We are currently holding a 0.0005 BTC giveaway for bitcointalk.org members!
For more information, click here.

[nexybit]

Day 9 of the Nexybit Trading Competition

It’s Day 9 of the competition and there seem to be some trends!
There’s still a week left for the $1,000 prize!


Details on the competition can be found here.
www.nexybit.com | Nexybit : 50x Leverage 100% Referrals

[nexybit]

The Nexybit Tick Size — Does size matter?
At Nexybit we decided to set the tick price for Bitcoin at $1.

Ticks are the smallest unit for the price of a contract. For instance, if a tick size is $0.1, that would mean the price of a product could only change from $10 to $10.1. Although this may not seem like such a big deal, even these small rules can have a large effect on how prices change in the long run.



Okex ticks are $0.01. At the current price of $8,250 per bitcoin, that means you can trade at almost 1/1,000,000ths of the price! Since the tick prices are so small, despite the huge amount of trading occuring on the exchanges, there are usually gaps between orders on the Bid/Ask orderbook. Bitmex ticks for their Bitcoin contracts are a significantly larger $0.5 and their orderbooks are usually quite full.

The goal of any exchange is to promote price discovery and efficient capital formation. So we asked ourselves how should we decide on our tick size based on these two points? More freedom to choose precise prices on trades have both pros and cons.

A finer tick size theoretically increases the number of price levels available to liquidity providers and it can distribute liquidity onto a finer price grid. This may reduce market depth at the best quotes without reducing total liquidity. Much of the research that took place over the past 20 years looking at the US, Canadian, Hong Kong as well as Tokyo exchanges reported similar findings. However using more sophisticated limit order book data research from Goldstein and Kavajecz(2000) showed the opposite. They showed that the cumulative depth of the order books fell after tick size reductions. Other academic research showed that tick reduction can increases spreads as well.

We decided to follow the later; to increase tick sizes relative to the other exchanges in the market.

Larger tick sizes reduce the complexity of trading as it limits the number of possible price levels. It makes is easier for users to understand market dynamics.

Secondly, larger tick sizes reduce the bandwidth needs of the trading platform. A change in the market price can lead to a price update in many connected products which can be wasteful in terms of bandwidth. This may not seem like an important concept, but every popular exchange has faced downtime and lag when user traffic spikes. Due to the fact that Bitcoin exchanges are natively-digital, users from all around the world can easily access and hence bombard an exchange during times of extreme volatility.

Additionally, Okex and Bitmex have been around for a while and so the contract specifications may have been set in accordance to when Bitcoin prices were much lower. Newer specifications for Bitcoin contracts from CME and CBOE towards the end of 2017 are $5 and $10 respectively.

We believe that prices will stay above the $1,000 mark for the foreseeable future and hence decided on $1 tick sizes that are roughly 1/1,000ths to 1/10,000ths of the price of Bitcoin. This makes the tick size fine enough for accurate hedging/speculation, easy to approach and understand, and provide less strain on our systems.

~From Nexybit Medium blog~

[nexybit]

Day 13 of the Nexybit Trading Competition

It’s Day 13 of the competition and there seem to be some trends!
Only three days left until the end of the trading competition! If you are still hesitating, join now! Results may change at any time.
Who will be the winner of $ 1,000 prize?
(Don’t forget the loser gets a prize too!)


Details on the competition can be found here.
www.nexybit.com | Nexybit : 50x Leverage 100% Referrals

[nexybit]

Day 14 of the Nexybit Trading Competition

Only TWO DAYS left until the end of the trading competition. Still there is opportunity for beginners. Do not miss this chance. Show off your skills at Nexybit! Maybe you'll discover the trading skills you didn’t know.



Details on the competition can be found here.
www.nexybit.com | Nexybit : 50x Leverage 100% Referrals

[nexybit]

Only ONE DAY Left! Join the Nexybit Trading Competition Now!

Finally, only ONE DAY left until the end of the competition!!! Are you excited or nervous?
Focus until the end, top rankers! Put on a last spurt, beginners! Results may change at any time.
Don’t forget the winner will be selected based on not only profits but also trading volume!
Let’s enjoy the last moment of the competition and be the owner of $1,000!



Details on the competition can be found here.
www.nexybit.com | Nexybit : 50x Leverage 100% Referrals

[suzanne5223]

Nice service but you guys need to do something a bout the transaction fee your site automatically generate cause it somehow low and it leads to delay in transaction confirmation.

[nexybit]

Nice service but you guys need to do something a bout the transaction fee your site automatically generate cause it somehow low and it leads to delay in transaction confirmation.

We will relay your input to our site operators. It will help us develop better service to our users. Thank you.

[nexybit]

The LAST DAY of the Nexybit Trading Competition! Last Spurt for $1,000!

Finally, the LAST DAY of the competition has come!!! It’s time for the LAST SPURT! Is the last winner a top-ranker or a newly emerging dark-horse? You can do it too! Join the competition and grip the winner trophy RIGHT NOW. Your trading may change the result.
The Nexybit Trading Competition will end at 08:00 UTC. Stay focused until the end! Don’t miss the last chance to win the Nexybit Trading Competition!



Details on the competition can be found here.
www.nexybit.com | Nexybit : 50x Leverage 100% Referrals

[nexybit]

What exactly is Futures trading?


                                          Do we really need a Grapefruit Juice coin?


If you’ve been in the bitcoin space, you have probably heard people talking about futures trading. Sometimes it is brought up alongside traditional futures markets like the CME and how the launch of such products will affect the bitcoin market, and other times it may be brought up alongside exchanges like BitMEX and OKEX. So what exactly is futures? In terms of trading in the crypto space there is largely spot trading, futures trading and options trading. Spot trading is probably the simplest concept. A spot trade is the purchase or sale of a foreign currency, financial instrument or commodity for instant delivery[1]. If you bought grapefruit juice at the supermarket, exchanging your money for grapefruit, you are trading spots. Similarly if there was a grapefruit juice coin, let’s call it GFJ coin and you trade it on your favorite exchange, that is a spot trade on a spot exchange.

But let’s suppose that you are not satisfied with the grapefruit juice in the supermarket anymore and decide to make it by yourself! Being a diligent individual, youdecide to buy fresh grapefruits directly from a grapefruit producer. Unfortunately, it wasn’t grapefruit season, just yet. So you tell the producer you will buy a few grapefruits at a certain price when they are in season. The grapefruit producers accept as they obtain certainty in sales. When the grapefruits finally come to season, and the transaction goes through, you are carrying out a futures trade. Futures contracts are an agreement to buy and sell a product at a fixed price at a certain time in the FUTURE! And that’s why futures trading is called futures.

So why do we need futures trading? We need it because the future is uncertain and certainty is valuable. Let’s go back to the example of the grapefruit. Your love for grapefruit eventually leads you to open a grapefruit juice cafe. You need to buy fresh grapefruits from the market every day. But what would you do if the price of grapefruit doubled? It’s probably good news for grapefruit producers, but for businesses that use grapefruit not so much. For the other way around, it’s good for the businesses and not so great for producers. If both consumers and producers participate in the futures market, producers and consumers can trade contracts on prices they believe are fair. This brings certainty to doing business and both consumer and producers gain.

Futures trading is not only crucial for running a business, but also has a number of features that spot markets don’t provide. For more information on futures trading follow us on twitter or medium.

[1] https://www.investopedia.com/terms/s/spottrade.asp

[nexybit]

Nexybit Trading Competition Results!

You’ve waited long enough! There was a rush between top rankers and newly emerging dark horses during the competition. BUT! Only ONE winner was chosen to the throne. The owner of the throne is the one who made the most profits and volumes during the competition. And don’t forget there is a  Don’t Cry bonus. The owner of Ledger Nano S is the one with the highest losses.




@@@ The WINNER of the Competition @@@


ol**** (Profit : 376.40% | Volume : 54,882)
Congratulations! The $1,000 reward was sent directly to the winner's Nexybit BTC address in bitcoin based on the Competition's closing index price.
▶ transaction address


@@@ The OWNER of the Ledger Nano S @@@


jo**** (Profit : -85.00%)

We wish you better luck next time! A confirmation email was sent to jo****. Please send your physical address to receive the prize.

And we would like to express thanks to all traders who have loved Nexybit Trading Competiton for two weeks. Nexybit will continue to provide you with better service and more fun competitions and campaigns. The winner trophy of the next competition may be in the hands of one of you. Take the next opportunity!




Nexybit’s other campaigns : Giveaway Campaign | Signature Campaign
www.nexybit.com | Nexybit : 50x Leverage 100% Referrals