Revolutionary: No Trading Fees
Revolutionary: Community Owned
Revolutionary: 100% Transparency
Revolutionary: Insured Against Loss.
Revolutionary: Legal & Registered
Fasbit Exchange Shares on Sale Now.
https://cryptostocks.com/securities/84
Fasbit – Crypto-Currency Trading on Margin! - Community Owned
Pro-Forma: Fasbit, Inc, a registered foreign exchange management company, has contracted with a software development company to adapt existing fiat FOREX software to BTC & LTC trading. This software is time tested on fiat FOREX and VERY VERY safe. This new site will trade all major fiat pairs AND fiat to BTC & LTC!! For example, you can trade USD/EUR, EUR/LTC and CHY/BTC on the same site! The software is already built and tested. We are simply adapting the software to crypto-currency.
What's different? Why yet another currency exchange?
This is 100% NOT WHAT YOU see in the crypto world.
No trading fees. - Really. No trading fees forever.
No Hot Wallet Security Issues – All crypto will be stored in offline cold wallet.
All major Fiat currencies traded against each other and against BTC & LTC.
We have an option to obtain up to 1600 existing trading pairs!!
Trade on Margin!!! <<< The real advantage here.
Amazing Charts, Hundreds of Charts. Educational Materials.
State of the Art Hosting.
We promise no fractional reserves and will supply proof of liquidity after each weekly audit.
So if there is no trading fee, How will Fasbit make money and pay investors?
The bulk of the funding will come from fees to margin traders. They cant borrow that money for free! These fees are very lucrative and highly liquid.
Once dividends are declared, we will pay out weekly.
Banking
Once the site is up and running, clients will be able to fund their fiat account in any currency base they wish, by bank wire, or postal money order.
KYC verified clients will enjoy exceptionally fast fiat withdraws of less than 24hours.
“Trading on Margin” Made Simple
“Trading on Margin” means you get a loan from the house account and then you trade with the leveraged amount and use your money as security deposit for the loan payment.
No credit check is required. You can make money even if the currency price goes down instead of up.
Research a currency pair.
Guess which way a currency will move, up or down.
Open a trade on margin (lets say 50:1) a ”buy” or a “sell.”
If you guess right – your winnings are magnified 50x.
If you guess wrong – your losses are magnified 50x
Example: Lets say you have 1 BTC to play with. You borrow 50 BTC on margin. You now control 50 BTC worth of trading volume and only have to have 1 BTC as security. If the currency you chose moves your direction 1%, you make 1% of 50 BTC or .50 BTC. After you close the trade, you have 1.5 BTC (less margin fee) on a 1% movement. If the price moves against you, you could lose .50 BTC if you close the trade. If you have enough security in your account, you could just wait for the trade to come back positive, then close out the trade, otherwise you vut your losses. It is possible to make 50% return in a matter of minutes or seconds in this example. The more security you carry in your account, the safer the trade will be for you. You can even trade on margin betting the currency price will drop instead of rise. All you have to do is chose well before you open the trade. Trading on margin is not for everyone.
Shares
Shares cost .0001 BTC each
Software Developers
http://www.sirixtrader.com/
Demo Site of the software: http://goo.gl/FN9rof
Legal
Seller of FASBIT shares: Fasbit, Ltd – Cayman Islands. Owners of the shares are promised and entitled to proportional share of any dividends issued by the company. 100% of all dividends will be paid out to share holders.
Site Managed by: Fasbit Inc - Tulsa, OK (Registered US Treasury and FinCEN & State of Oklahoma) – Fasbit, Inc is a contract manager of Fasbit, Ltd and performs background checks on clients and assures compliance with US, CI and international Anti-Money Laundering, and Know you client regulations.
Other Fasbit Projects:
FAS – Scrypt Farm. GPU and ASIC mining
GRID – ASIC group buy and pool. 100+ Gridseed miners running 24/7
C-NOTE – Our own experimental crypto-currency
/fasbit