🔵🔵🔵 [ANN] BitMax.io Transaction Mining & Reverse-Mining ⚡️⚡️⚡️

[Pricebrianer]

Bitmax Exchange looks fancy and easy to use. And now there’s the Reverse Mining and Transaction Mining where users earn back fees and mine BTMX token while you trade these for USDT or BTC right there.
Do I have to go through a Lengthy KYC procedure for new users on the exchange?

I haven't come across any information on KYC process yet but I guess it shouldn't be that tedious as we have come to know KYC process for, Ideally exchange should have KYC process in place

There should be a KYC verifications process to protect the exchange and the users. But the KYC process should be easy to go through.

[Cnote112]

I think the market is beginning to bounce back once again, eth coming back up bit by bit
Maybe December is really looking like a good month already, but then BTMX ain't trading?

I have the feeling that the last two days were just a short-term increase. In my opinion, it will once again go really far down before the market starts again. But for safety's sake I already buy a few ETH today if I'm wrong. And if I'm right, then I'll buy more :-)

Yeah, I wouldn't be too sure that the market has made a turnaround and is now rising again for longer. But yeah, we will see. I am just not soo optimistic.

I don't think that the market has made a total turn around either. I see this as the expected market fluctuation before the market finally corrects. In all, we have to wait for a couple more days before celebrating.

Celebrate wouldn't be the word that comes to mind should the market starts to turn around. When eth gets to $500 and above that's when celebration comes to mind.

Nobody is actually looking for a new all Time high right now. Everybody is looking for a minimal rise that's all. If eth gets to 400 to 700 I would be very happy.

Yeah, Even me I'm not hoping for another bull run this year, Just a good increase of Eth atleast more than $200 will be fine for me before the year end.

I never said I wouldn’t be glad if Eth gets to $200 and above. Just that I wouldn’t pop out my party cap just yet .

[Smitty Werben Man Jensen]

Bitmax Exchange looks fancy and easy to use. And now there’s the Reverse Mining and Transaction Mining where users earn back fees and mine BTMX token while you trade these for USDT or BTC right there.
Do I have to go through a Lengthy KYC procedure for new users on the exchange?

I haven't come across any information on KYC process yet but I guess it shouldn't be that tedious as we have come to know KYC process for, Ideally exchange should have KYC process in place

There should be a KYC verifications process to protect the exchange and the users. But the KYC process should be easy to go through.

As far as I know, the KYC process is usually quite complicated and it can be said to be a big problem, but for this time I hope the KYC process can be easily passed, hopefully all I say can really happen

[Ace44]

Bitmax model of exchange mining is mind blowing.
When you trade, your transaction fee doesn’t get lost. But it’s used to buy up BTMX. And you could get more BTMX from mining than you do when holding the exchange tokens. Does anyone have an idea how much is the transaction fee on Bitmax.io?

But you should keep in mind that what you described is basically the trans-fee model. In the reverse mining you will be selling BTMX to the platform it is basically the other way round. Instead of paying the fee you are like selling to Bitmax

I've never fully understand the matrix behind the transaction and reverse mining but this just made things more clearer for me, i think its an amazing process that will make traders stick to the platform, i mean, its something that has not been seen or implemented by any exchange before, so instead of getting worried because of transaction fees, you make profit from it

[RyCriptoC]

I think the market is beginning to bounce back once again, eth coming back up bit by bit
Maybe December is really looking like a good month already, but then BTMX ain't trading?

I have the feeling that the last two days were just a short-term increase. In my opinion, it will once again go really far down before the market starts again. But for safety's sake I already buy a few ETH today if I'm wrong. And if I'm right, then I'll buy more :-)

Yeah, I wouldn't be too sure that the market has made a turnaround and is now rising again for longer. But yeah, we will see. I am just not soo optimistic.

I don't think that the market has made a total turn around either. I see this as the expected market fluctuation before the market finally corrects. In all, we have to wait for a couple more days before celebrating.

Celebrate wouldn't be the word that comes to mind should the market starts to turn around. When eth gets to $500 and above that's when celebration comes to mind.

Nobody is actually looking for a new all Time high right now. Everybody is looking for a minimal rise that's all. If eth gets to 400 to 700 I would be very happy.

Yeah, Even me I'm not hoping for another bull run this year, Just a good increase of Eth atleast more than $200 will be fine for me before the year end.

I never said I wouldn’t be glad if Eth gets to $200 and above. Just that I wouldn’t pop out my party cap just yet .

I don't think there is any chance that ETH will go above 200 this year. And I don't think market will recover soon, now let's see what's left in 2019.

[chan001]

Bitmax Exchange looks fancy and easy to use. And now there’s the Reverse Mining and Transaction Mining where users earn back fees and mine BTMX token while you trade these for USDT or BTC right there.
Do I have to go through a Lengthy KYC procedure for new users on the exchange?

I haven't come across any information on KYC process yet but I guess it shouldn't be that tedious as we have come to know KYC process for, Ideally exchange should have KYC process in place

There should be a KYC verifications process to protect the exchange and the users. But the KYC process should be easy to go through.

When there is financial thing involved,  KYC is compulsory.  Exchange should follow all norms,  they should be compliance to all rules.

[Sozialtourist]

Bitmax Exchange looks fancy and easy to use. And now there’s the Reverse Mining and Transaction Mining where users earn back fees and mine BTMX token while you trade these for USDT or BTC right there.
Do I have to go through a Lengthy KYC procedure for new users on the exchange?

I haven't come across any information on KYC process yet but I guess it shouldn't be that tedious as we have come to know KYC process for, Ideally exchange should have KYC process in place

If I remember correctly, you can't withdraw from the exchange without KYC and Google authentication. But for the lowest stage all you need to enter are basic information and to set up 2FA. This way you can withdraw 2 BTC daily. If you want more, I guess you'll have to provide more information/documents.

[mv1986]

I think the market is beginning to bounce back once again, eth coming back up bit by bit
Maybe December is really looking like a good month already, but then BTMX ain't trading?

I have the feeling that the last two days were just a short-term increase. In my opinion, it will once again go really far down before the market starts again. But for safety's sake I already buy a few ETH today if I'm wrong. And if I'm right, then I'll buy more :-)

Yeah, I wouldn't be too sure that the market has made a turnaround and is now rising again for longer. But yeah, we will see. I am just not soo optimistic.

I don't think that the market has made a total turn around either. I see this as the expected market fluctuation before the market finally corrects. In all, we have to wait for a couple more days before celebrating.

You can only say in retrospect whether a market turned around or not. Otherwise it is not possible to predict anything.

[luksbit]

I tried to access the portal - website, but I could not, is there any maintenance or update in the content?

Error 1020 Ray ID: 47e75ee928d84c48 • 2018-11-23 23:21:11 UTC
Access denied

I experienced the same last night but it's okay now. Maybe they have done some short maintenance or updates of the website If I'm not mistaken there's a status page on their website if there's an update.

I tried the access again and the same error occurred:


Error 1020 Ray ID: 482dbb1d2ad34c1e • 2018-12-02 12:17:31 UTC
Access denied

[gee777]

I tried to access the portal - website, but I could not, is there any maintenance or update in the content?

Error 1020 Ray ID: 47e75ee928d84c48 • 2018-11-23 23:21:11 UTC
Access denied

I experienced the same last night but it's okay now. Maybe they have done some short maintenance or updates of the website If I'm not mistaken there's a status page on their website if there's an update.

I tried the access again and the same error occurred:


Error 1020 Ray ID: 482dbb1d2ad34c1e • 2018-12-02 12:17:31 UTC
Access denied

The site is now up and running and I  could navigate to the trade part of the site. Unless thats not what you guys are talking about.

[Getadaaa]

Everyone is talking about addition of BTMX/ETH trading pair. ETH is very much volatile now compared to other tokens. BTMX shouldn’t have a ETH pair now, not until market recovers. There are other pairs available: BTMX/BTC & BTMX/USDT pairs, although more stressful but they can take these routes.

[ibininja]

Bitmax Exchange looks fancy and easy to use. And now there’s the Reverse Mining and Transaction Mining where users earn back fees and mine BTMX token while you trade these for USDT or BTC right there.
Do I have to go through a Lengthy KYC procedure for new users on the exchange?

I haven't come across any information on KYC process yet but I guess it shouldn't be that tedious as we have come to know KYC process for, Ideally exchange should have KYC process in place

I did not do it but it not complicated you will be through quickly. I think you only need an ID and that is it; I am not sure what third party service they are using though.

[CrypticBabe]

Bitmax Exchange looks fancy and easy to use. And now there’s the Reverse Mining and Transaction Mining where users earn back fees and mine BTMX token while you trade these for USDT or BTC right there.
Do I have to go through a Lengthy KYC procedure for new users on the exchange?

I haven't come across any information on KYC process yet but I guess it shouldn't be that tedious as we have come to know KYC process for, Ideally exchange should have KYC process in place

I did not do it but it not complicated you will be through quickly. I think you only need an ID and that is it; I am not sure what third party service they are using though.

Are you sure KYC is handled by a Third party service?
I do know third party services speeds up the KYC procedure but there are also a risk of our Data in wrong hands!

[em777]

Bitmax Exchange looks fancy and easy to use. And now there’s the Reverse Mining and Transaction Mining where users earn back fees and mine BTMX token while you trade these for USDT or BTC right there.
Do I have to go through a Lengthy KYC procedure for new users on the exchange?

I haven't come across any information on KYC process yet but I guess it shouldn't be that tedious as we have come to know KYC process for, Ideally exchange should have KYC process in place

There should be a KYC verifications process to protect the exchange and the users. But the KYC process should be easy to go through.

As far as I know, the KYC process is usually quite complicated and it can be said to be a big problem, but for this time I hope the KYC process can be easily passed, hopefully all I say can really happen

KYC is usually pain in the ass I suppose the team understands that and they are going to make it pretty easy for users to get access to the platform and still ensure security

[Corleone100]

I think the market is beginning to bounce back once again, eth coming back up bit by bit
Maybe December is really looking like a good month already, but then BTMX ain't trading?

I have the feeling that the last two days were just a short-term increase. In my opinion, it will once again go really far down before the market starts again. But for safety's sake I already buy a few ETH today if I'm wrong. And if I'm right, then I'll buy more :-)

Yeah, I wouldn't be too sure that the market has made a turnaround and is now rising again for longer. But yeah, we will see. I am just not soo optimistic.

I don't think that the market has made a total turn around either. I see this as the expected market fluctuation before the market finally corrects. In all, we have to wait for a couple more days before celebrating.

Celebrate wouldn't be the word that comes to mind should the market starts to turn around. When eth gets to $500 and above that's when celebration comes to mind.

Nobody is actually looking for a new all Time high right now. Everybody is looking for a minimal rise that's all. If eth gets to 400 to 700 I would be very happy.

Yeah, Even me I'm not hoping for another bull run this year, Just a good increase of Eth atleast more than $200 will be fine for me before the year end.

I never said I wouldn’t be glad if Eth gets to $200 and above. Just that I wouldn’t pop out my party cap just yet .

Is been quite a difficult one this period, personally I don’t think I see ETH raising above $200 this year again but I just hope things stabilize in the future.

[faulerwilli]

Everyone is talking about addition of BTMX/ETH trading pair. ETH is very much volatile now compared to other tokens. BTMX shouldn’t have a ETH pair now, not until market recovers. There are other pairs available: BTMX/BTC & BTMX/USDT pairs, although more stressful but they can take these routes.

I've never been a fan of Bitcoin, so I've put my reserves into ETH. For me, a trading pair ETH / BTMX would be much easier than going the detour via BTC or USDT.
And I think so are some others too.

[phantam]

Everyone is talking about addition of BTMX/ETH trading pair. ETH is very much volatile now compared to other tokens. BTMX shouldn’t have a ETH pair now, not until market recovers. There are other pairs available: BTMX/BTC & BTMX/USDT pairs, although more stressful but they can take these routes.

I've never been a fan of Bitcoin, so I've put my reserves into ETH. For me, a trading pair ETH / BTMX would be much easier than going the detour via BTC or USDT.
And I think so are some others too.

have to agree I’m mostly leveraged into ethereum as well so having that in place would be great as well but I don’t get why they would hold back from launching it maybe it’s coming

[AngelJoshua]

Bitmax Exchange looks fancy and easy to use. And now there’s the Reverse Mining and Transaction Mining where users earn back fees and mine BTMX token while you trade these for USDT or BTC right there.
Do I have to go through a Lengthy KYC procedure for new users on the exchange?

I haven't come across any information on KYC process yet but I guess it shouldn't be that tedious as we have come to know KYC process for, Ideally exchange should have KYC process in place

There should be a KYC verifications process to protect the exchange and the users. But the KYC process should be easy to go through.

Yeah KYC's are really important. I hope the difficulties of kyc's  will be depend on the person can do to their exchange for example if it's a whale they need to pass more documents unlike us small traders will have some not that difficult one.

[ibininja]

Bitmax Exchange looks fancy and easy to use. And now there’s the Reverse Mining and Transaction Mining where users earn back fees and mine BTMX token while you trade these for USDT or BTC right there.
Do I have to go through a Lengthy KYC procedure for new users on the exchange?

I haven't come across any information on KYC process yet but I guess it shouldn't be that tedious as we have come to know KYC process for, Ideally exchange should have KYC process in place

There should be a KYC verifications process to protect the exchange and the users. But the KYC process should be easy to go through.

Yeah KYC's are really important. I hope the difficulties of kyc's  will be depend on the person can do to their exchange for example if it's a whale they need to pass more documents unlike us small traders will have some not that difficult one.

If I am not mistaken there is one in place. Did you try to register? I think most of the new exchanges require KYC because of where they are operating from; they need to conform to the guidelines of the country they are operating from.

[ning_aric]

With SEC rules coming down on CryptoCurrency and everyone involved, it’s important for everyone to Verify Residency. Also, it’s to protect traders on the exchange.