🔵🔵🔵 [ANN] BitMax.io Transaction Mining & Reverse-Mining ⚡️⚡️⚡️ - page 27.

chan001

jr. member

Activity: 280

Merit: 1

Quote from: Corleone100 on December 03, 2018, 12:47:49 PM

Quote from: ibininja on December 02, 2018, 11:18:07 PM

Quote from: AngelJoshua on December 02, 2018, 08:32:49 PM

Quote from: Pricebrianer on December 02, 2018, 02:19:49 AM

Quote from: Nathan01 on December 02, 2018, 12:59:20 AM

Quote from: Getadaaa on November 30, 2018, 08:12:48 AM

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.

I hope Bitmax will implement kYC verification, it will also be nice if this process is not a difficult one for traders.

KYC is just one time activity, and I am sure every project wants to keep KYC as simple as possible. But at the same time they can't just let it go without proper verification.

Corleone100

newbie

Activity: 238

Merit: 0

Quote from: ibininja on December 02, 2018, 11:18:07 PM

Quote from: AngelJoshua on December 02, 2018, 08:32:49 PM

Quote from: Pricebrianer on December 02, 2018, 02:19:49 AM

Quote from: Nathan01 on December 02, 2018, 12:59:20 AM

Quote from: Getadaaa on November 30, 2018, 08:12:48 AM

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.

I hope Bitmax will implement kYC verification, it will also be nice if this process is not a difficult one for traders.

Sozialtourist

full member

Activity: 686

Merit: 101

Quote from: ctrades31 on December 03, 2018, 08:44:08 AM

Did anyone seen this tweet? USDC/USDT pair listed just before 2-3 days ago and BitMax.io reached trading volume 52.9M USDC with price 1.09$.

https://twitter.com/BitMax_Official/status/1069303595345035264?s=19

Yes, I also saw this Tweet. It's good that there is now an alternative to Tether that is listed on BitMax and looking at the trading volume it seems like others were waiting for this stablecoin, too.

ctrades31

newbie

Activity: 392

Merit: 0

Did anyone seen this tweet? USDC/USDT pair listed just before 2-3 days ago and BitMax.io reached trading volume 52.9M USDC with price 1.09$.

https://twitter.com/BitMax_Official/status/1069303595345035264?s=19

Kinkadeinspired

copper member

Activity: 644

Merit: 1

Quote from: CrypticBabe on December 03, 2018, 06:51:08 AM

Quote from: gee777 on December 03, 2018, 06:04:01 AM

Quote from: Pricebrianer on December 03, 2018, 03:53:36 AM

Quote from: ning_aric on December 03, 2018, 03:32:20 AM

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.

Well, like they say, SEC don’t make the rules they try to enforce it and when they start working on a new economy they don’t relent. Crypto won’t be exempted.
But it’s easy, SEC is only for US citizens and consumers with indica of US person status. When we KYCe, we got no problems with these rules.

Are you sure about SEC being just for the US citizens and those promoting it in the US? Because I know majority of ICO's banned US citizens from participating in their ICO.

SEC's this rule will be available for US citizen or everyone else as well?
I personally dont like KYC procedure. Being forced to do KYC in every platform is really gonna be tough for everyone.

Well, at this stage, it doesn't really matter if you like it or not but KYC has come to stay, more especially with exchanges that deal with people from different phases of life. KYC to an extent has provided that sense of security.

CrypticBabe

jr. member

Activity: 420

Merit: 2

Quote from: gee777 on December 03, 2018, 06:04:01 AM

Quote from: Pricebrianer on December 03, 2018, 03:53:36 AM

Quote from: ning_aric on December 03, 2018, 03:32:20 AM

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.

Well, like they say, SEC don’t make the rules they try to enforce it and when they start working on a new economy they don’t relent. Crypto won’t be exempted.
But it’s easy, SEC is only for US citizens and consumers with indica of US person status. When we KYCe, we got no problems with these rules.

Are you sure about SEC being just for the US citizens and those promoting it in the US? Because I know majority of ICO's banned US citizens from participating in their ICO.

SEC's this rule will be available for US citizen or everyone else as well?
I personally dont like KYC procedure. Being forced to do KYC in every platform is really gonna be tough for everyone.

gee777

member

Activity: 728

Merit: 10

Quote from: Pricebrianer on December 03, 2018, 03:53:36 AM

Quote from: ning_aric on December 03, 2018, 03:32:20 AM

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.

Well, like they say, SEC don’t make the rules they try to enforce it and when they start working on a new economy they don’t relent. Crypto won’t be exempted.
But it’s easy, SEC is only for US citizens and consumers with indica of US person status. When we KYCe, we got no problems with these rules.

Are you sure about SEC being just for the US citizens and those promoting it in the US? Because I know majority of ICO's banned US citizens from participating in their ICO.

Ace44

member

Activity: 672

Merit: 11

Quote from: Sozialtourist on December 02, 2018, 06:02:55 AM

Quote from: Nathan01 on December 02, 2018, 12:59:20 AM

Quote from: Getadaaa on November 30, 2018, 08:12:48 AM

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.

The KYC is actually a necessity that the community should come to embrace, as we can see, the industry is no longer child's play, as regulations are coming in to determine the future of the market, its all in the best interest of the blockchain industry, we all know this day will come and i hope to see something good emanate, the 2 BTC daily withdrawal sounds really good

Cnote112

copper member

Activity: 224

Merit: 1

Quote from: RyCriptoC on December 02, 2018, 05:42:54 AM

Quote from: Cnote112 on December 02, 2018, 04:56:13 AM

Quote from: AngelJoshua on December 01, 2018, 07:27:18 PM

Quote from: gee777 on December 01, 2018, 03:15:22 AM

Quote from: Cnote112 on November 30, 2018, 06:49:45 PM

Quote from: Kinkadeinspired on November 30, 2018, 02:47:08 PM

Quote from: Sozialtourist on November 29, 2018, 04:34:00 PM

Quote from: faulerwilli on November 29, 2018, 04:06:27 PM

Quote from: Nathan01 on November 29, 2018, 10:22:22 AM

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 Wink

.

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.

I’m always open minded when it comes to crypto, couple with fact that I work with an optimistic mindset, I believe anything can happen so I’m always expectant.

Pricebrianer

jr. member

Activity: 364

Merit: 3

Quote from: ning_aric on December 03, 2018, 03:32:20 AM

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.

Well, like they say, SEC don’t make the rules they try to enforce it and when they start working on a new economy they don’t relent. Crypto won’t be exempted.
But it’s easy, SEC is only for US citizens and consumers with indica of US person status. When we KYCe, we got no problems with these rules.

ning_aric

full member

Activity: 826

Merit: 102

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.

ibininja

member

Activity: 490

Merit: 10

Quote from: AngelJoshua on December 02, 2018, 08:32:49 PM

Quote from: Pricebrianer on December 02, 2018, 02:19:49 AM

Quote from: Nathan01 on December 02, 2018, 12:59:20 AM

Quote from: Getadaaa on November 30, 2018, 08:12:48 AM

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.

AngelJoshua

member

Activity: 630

Merit: 10

Quote from: Pricebrianer on December 02, 2018, 02:19:49 AM

Quote from: Nathan01 on December 02, 2018, 12:59:20 AM

Quote from: Getadaaa on November 30, 2018, 08:12:48 AM

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.

phantam

full member

Activity: 546

Merit: 106

Bountyhive.io

Quote from: faulerwilli on December 02, 2018, 04:55:45 PM

Quote from: Getadaaa on December 02, 2018, 10:35:46 AM

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

faulerwilli

full member

Activity: 994

Merit: 140