Bitsta, a Modern Digital Asset Exchange Due to Launch Soon, Announces a Market Leading Set of New Features for its Trading Platform
Bitsta Exchange, now in the final development phase, will set a new blockchain exchange standard when it comes to security and features.
SINGAPORE, July 30, 2018 /PRNewswire-PRWeb/ -- Bitsta Exchange's newly released feature set is a significant leap forward in the cryptocurrency and digital asset space. With extensive development already completed, Bitsta Exchange is a modern, highly secure and fully scale-able cryptocurrency and digital asset exchange service platform designed for fast mainstream adoption around the world.
Bitsta will attract customers through enhanced proprietary and patent pending security, extensive localization, live customer service, responsiveness, trading bot support, staking program, gamification, secure storage service, live news feeds, multi-currency fiat support, user empowerment through extensive UI customization and a lot more. At least fourteen digital assets/tokens will be available for trade on Bitsta at launch along with the ability to deposit and withdraw in fiat in select markets shortly thereafter. New digital assets will be added weekly.
A key Bitsta feature is a unique system where Bitsta will store all reserve currency in multi-signature cold wallets—no "hot" wallets are ever used. This is a patent pending feature available exclusively at Bitsta. Additionally, Bitsta will use a unique blockchain backed security protocol for customer withdrawals which will allow the customer to control their withdrawal information completely off-system (off Bitsta servers). All Bitsta Exchange services will be accessible via an extensively tried and tested secure web application that has already securely processed millions of dollars per day and hundreds of millions of dollars of transactions per month. There are currently more than 25 experienced developers working on the Bitsta trading platform.
Bitsta will be the go-to destination for new users who are looking to buy their first cryptocurrency coins in a secure and easy to use environment. Experienced and institutional traders will enjoy advanced features and management settings that give them optimal control over their trading experience in a highly secure environment.
Bitsta will have at least 20 unique features available for our customers at launch, or shortly thereafter. Bitsta Exchange key differentiating features include:
Proprietary and Patent Pending Fund Security
Bitsta will exclusively utilize off-server aggregation of cryptocurrency. Using a proprietary and patent pending process, all deposits, reserves and withdrawals are done using hardware backed private keys. There are never any funds in "hot" wallets.
Proprietary Off-Server Transaction Security
Because an exchange requires software for its operation, another attack vector is different types of "man-in-the-middle" attacks where an exchange user is tricked into entering secure information in a place where it can be used by a thief. The end result are transactions to wallet addresses owned by someone other than the user. Through a unique proprietary system, Bitsta will have a customer controlled, off-server, method for validating all transactions.
Client and Server Side Security
Bitsta will adhere to industry best practices when it comes to securing infrastructure and data. Security features at launch will include two-factor authentication, email confirmation and a password protocol requiring that all users meet specific minimum password strength requirements. Members will have up to three account verification levels:
- Level One: Email verified (cryptocurrency to cryptocurrency (C2C) transactions allowed)
- Level Two: Uploaded proof of residence and identification documents and provided address information (C2C and fiat deposits allowed)
- Level Three: Uploaded documents verified (cryptocurrency and fiat transactions, including fiat withdrawals, allowed)
Proprietary Matching Engine
The Bitsta proprietary matching engine is being built to handle well over one million completed transactions per second (over two million individual buy and sell transactions). Matching engine speed combined with extensive order types and order time frames will make Bitsta a valuable resource for traders wanting a highly capable and automated trading partner.
Extensive Order Types & Order Time Frames
Bitsta comes ready with deep customization of trades capability so anyone can build automated and custom trading rules easily. Bitsta order types will enable powerful, fine grain, trade control.
Bitsta order types are controlled by customizable time frames enabling further refinement of your trades.
Modern User Experience (Custom UI)
The Bitsta Exchange ecosystem will include a responsive, intuitive user interface (UI) with feature-rich modules. Each user can customize their own display with various modules to create a style that maximizes their personal trading preferences. The Bitsta web application UI will feature a streamlined design for all major device types (desktop, tablet, mobile phone). A pre-beta UI demonstration is available now at http://www.bitsta.com.
Advanced Referral Engine
A proprietary referral engine is built into Bitsta enabling extensive user incentives, personal referral links, and variety of rewards to help build the user base and quickly grow exchange liquidity.
Secure Asset Storage Services
Proprietary secure asset storage option will be available to all Bitsta users. Users will be able to safely store their digital assets with Bitsta and in that way they may choose to avoid creating their own local wallet, or print paper wallets, or purchase a hardware wallet. The Bitsta secure asset storage solution will be insured for added asset protection.
Gamification
To encourage user participation, learning and general comfort in the cryptocurrency trading space, Bitsta will include gamification features to help speed the adoption of the exchange and blockchain technologies. Gamification may include daily actions that develop into habits, recognition of power users, new user invitation, one click trading, special offers, discounted fees, contests and a lot more.
Trading Bot & 3rd Party Bot Support
To assist traders, Bitsta will provide support for quick and easy 3rd party bot setup for trading within Bitsta as well build custom in-house Bitsta bots that can be accessed by Bitsta users at any time with no additional setup needed. Along with extensive Bitsta order type and order time customization, bots will enable never before seen level of trading automation.
Visit us at https://www.bitsta.com for complete details and to register for updates as they are released. Bitsta Exchange development is currently on schedule and final testing and launch may be ahead of schedule.
SOURCE Bitsa
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