Orion Finance Exchange | Bitcointalksearch.org

OrionFinance

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The Orion Finance team continues to reveal the secret of the cryptocurrency exchange mechanism. Today we will devote a few words to hot and cold wallets.

A cryptocurrency wallet is a program that stores public and / or private keys and is necessary to track the ownership, receipt or expense of cryptocurrencies.

A cold wallet at Orion Finance is reliable storage with multi-level protection. It is used to save the main assets of the exchange and user funds. The cold wallet is not connected to the Network, therefore, if hackers attack, all funds will be saved.

The hot wallet on Orion Finance is used to deposit funds to the balance of traders, as well as to deposit and withdraw assets. A hot wallet stores a relatively small amount of funds needed for daily settlements.

The Orion Finance team always monitors the correct operation of software, including wallets, thereby guaranteeing a high level of security.

Welcome to our warm, cosy and reliable place:) https://orion.finance/

OrionFinance

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The Inner World of Cryptocurrency Exchanges.
Payment Gateway

We continue telling about the mechanism of Orion Finance exchange. Right now, we invite you to examine the vital organ of a cryptocurrency exchange - the payment gateway.

In general, a payment gateway is a hardware-software complex that automates the payments charging. Practically, the operation of a payment gateway looks like this:

Making a transaction, the user gets to a wallet page with information with the wallet address ( or QR code). The address generated for each user is unique.
After the user transfers the funds, the Orion Finance system automatically scans the blockchain of currencies that were engaged in the operation.
When a confirmed transaction is detected, the funds are credited to the user’s balance and the transaction is recorded in his history.

The HTTPS protocol ensures the security of the Orion Finance payment gateway, as well as special encryption of user data.

Follow further publications about the structure of the Orion Finance exchange. We will reveal many interesting facts!

To find more news, visit our web-site https://orion.finance/

OrionFinance

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While Europe panics due to coronavirus epidemic, the Orion Finance team continues to introduce the cryptocurrency laws of European countries. Today we look into Austria

Austria considers cryptocurrencies as other (intangible) commodities. The Austrian Ministry of Finance (Bundesministerium der Finanzen, BMF) refers mining to “mining”, which is why, like any other activities in this area, mining of cryptocurrencies is subject to income tax. The same applies to the operation of online trading platforms and cryptocurrency ATMs. However, mining and cryptocurrency exchange transactions are exempt from VAT.

The Austrian National Bank (Oesterreichische Nationalbank, OeNB) does not qualify bitcoin as a currency, because it does not fulfil the typical functions of money due to a strict limitation on quantity and the lack of stabilizing central authority. As of now, Bitcoin is neither covered by the Electronic Money Act nor by the Payment Services Act.

At the same time, the management of OeNB expresses its clear concern about the “frozen” position of cryptocurrencies. So, Ewald Nowotny, the governor of the OeNB calls bitcoin “highly speculative investments which entail high risks for individuals.” He, therefore, welcomed the initiative of the Federal Minister of Finance, Hartwig Löger, to establish a Fintech Regulation Council to regulate cryptocurrencies. In addition, he voiced support for the amendment of the EU Money Laundering Directives, as well as the proposal of the Austrian Ministry of Finance to require prospectuses for ICOs and introduce licensing by the Financial Market Authority (FMA). Finally, he added that any regulatory initiative should be complemented by improving public financial education.

Such concerns are expected from centralized structures and, unfortunately, they hinder development of the cryptocurrency market. At the same time, the Orion Finance team supports Ewald Nowotny when it comes to development of people’s financial literacy. We hope that it will cover not only the risks, but also the benefits and advantages of using cryptocurrencies.

OrionFinance

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How are you guys?

Shocked

Panic hits global markets amid threat of coronavirus and oil price slump, but Orion Exchange encourages you to relax and enjoy trading Kiss

Join us! https://orion.finance/

OrionFinance

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THE QUOTE OF THE WEEK!

Today we decided to add another section to our content - vivid quotes from the leaders of the crypto world.

There has been a number of news about countries developing a national cryptocurrency. And this mainstream feels like every self-respecting country should have its crypt. It seems that governments are competing on this issue!

Recently, Vitalik Buterin criticized this idea, reported Cointelegraph:

“The main challenge with central bank and even corporate currency is the concentration of power, the concentration or data collection — that you become dependent on potentially central intermediaries that can exercise a very fine-grained degree of control over who has the ability to participate in these systems and who can’t.”

Clear and obvious things Vitalik said! The Orion Finance team supports Vitalik and expresses deep skepticism regarding national cryptocurrencies.

“We've been seeing many situations where even things that are perfectly legal just end up getting restricted because whoever runs the centralized chokepoints just wants to exclude some category of users and I think those are reasons why people will continue to be interested in fully decentralized digital currency”, added the leader of the second cryptocurrency in the world.

It seems that governments are really afraid of the cryptocurrency era, since they are so active in desire to create a “substitute” for cryptocurrencies in the form of electronic fiat analogues. We are curiously watching what will happen and promise to keep you in touch!

Now, you can visit us and trade a bit with real crypto https://orion.finance/exchange!

Akiko

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Quote from: OrionFinance on March 05, 2020, 06:40:10 AM

Quote from: sunsilk on March 04, 2020, 04:06:55 PM

Like the trading competitions.

And I think that was perfect for them and the timing that they get to launch those promotions became effective. Because there are a lot of traders who joined it and the effectiveness of it, they're reaping it today.

Trading competition it's interesting. Does it work like this: we offer some gifts to users who traded a lot?

highest trading volume will win. No idea about the rewards but hopefully you will give them btc or USDT so the rewards will be fixed.
And also make other highest volume trader's to win not only the first one. Top 3 or top 5 will be good to be rewarded

OrionFinance

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Quote from: sunsilk on March 04, 2020, 04:06:55 PM

Like the trading competitions.

And I think that was perfect for them and the timing that they get to launch those promotions became effective. Because there are a lot of traders who joined it and the effectiveness of it, they're reaping it today.

Trading competition it's interesting. Does it work like this: we offer some gifts to users who traded a lot?

sunsilk

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Activity: 3038

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Quote from: ?? on ??

Quote from: sunsilk on March 03, 2020, 06:42:00 PM

I also remember the time when kucoin was exclusively making promotions to attract customers through their exchange.

What does it mean 'exclusively making promotions'?)

Like the trading competitions.

And I think that was perfect for them and the timing that they get to launch those promotions became effective. Because there are a lot of traders who joined it and the effectiveness of it, they're reaping it today.

OrionFinance

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Activity: 27

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Quote from: Rodeo02 on March 03, 2020, 12:00:51 PM

Add many coins as long as you will ask for listing fee, you will be benifited with thier community to use your exchange and its favor to you since there are many people will registered and use your exchange to trade that coins.
If you will only list popular coin you will have many popular exchange opponents.

Sounds rational) We will consider such an idea!

Quote from: sunsilk on March 03, 2020, 06:42:00 PM

I also remember the time when kucoin was exclusively making promotions to attract customers through their exchange.

What does it mean 'exclusively making promotions'?)

Orion finance team continues investigation about crypto laws. Today we travel to Belgium!

Belgium is the cradle of European law therefore it doesn’t come as a surprise thatBelgian regulators are very aggressive on cryptocurrencies.
At the same time, we were not able to find information about any special legislation that defines and regulates cryptocurrencies. Currently, cryptocurrency is not recognized in Belgium as a currency or means of payment.

Let’s go through the most interesting statements of the Belgian leadership from the very beginning.
In 2013, The Belgian Finance Minister, in response to a question by a Belgian senator, stated in July 2013 that while bitcoin seems to be somewhat problematic as a tool for money laundering and other illegal activities, such problems should not be overstated. Well, it’s a pretty sensible statement. However, sensible statements end up right here and welcome to the world of “crypto criticism” from Belgian officials!

In January 2014, the Belgian National Bank (Banque Nationale de Belgique, BNB) and the Financial Services and Markets Authority (Autorité des services et marchés financiers, FSMA) issued a joint press release warning consumers about the risks associated with cryptocurrencies. It was emphasized that cryptocurrencies are not a legal tender and they are not fully regulated by any of the regulatory authorities.

In April 2017, Belgian Minister of Justice, Koen Geens announced that he plans to establish a legal framework for cryptocurrencies. By this framework he generally meant tightening of the control over exchange transactions and legal regulation for cryptocurrency withdrawals in lawsuits. He has also expressed a wish to find ways to avoid the anonymity of cryptocurrencies. These initiatives have been criticized by experts.

A year later, De Standaard and Het Nieuwsblad published articles stating that Belgian tax authorities have become more interested in citizens investing in cryptocurrencies. Every Belgian working on the cryptocurrency markets must pay 33% income tax even though bitcoin and other cryptocurrencies are not regulated in the country. For companies, such a tax can reach up to 50%. However, it turned out that catching violators is not that easy because most transactions are carried out on trading platforms registered abroad.

And the latest statement made by the chairman of the Financial Services and Markets Office of Belgium FSMA, Jean-Paul Serve, and dated February 10, is a cherry on the cake. During his speech in parliament, he asked the country’s leadership to establish the rules governing cryptocurrencies and related tools.
There is a feeling that the Belgian leadership has a fierce dislike for cryptocurrencies and is merely not able to restrain it, criticizing and coming at the crypto traders. However, the government does not take special regulatory measures. Why is it so?

News source

sunsilk

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Quote from: Akiko on March 01, 2020, 06:52:43 AM

Quote from: sunsilk on February 29, 2020, 06:35:24 AM

If they plan to become known quickly through the forum, they have to spend money for ads including the forum ad slots.

i agree promotion is a nice way to have more user's and there's no shortcut to be popular exchange but having many kind of advertisement can help them to be known by user's.

I remember okex and kucoin do a promotion in social media such as facebook and sometimes they run a give away to attract new user's to registered and participate in thier exchange.

It's a process that they will go through just like the popular ones today. They went to the same process just like what this exchange is doing. And if the service was good and considerable, customers and traders will go here and there to trade and will spread the good news about them.

I also remember the time when kucoin was exclusively making promotions to attract customers through their exchange.

Rodeo02

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Activity: 1302

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avatar and signature space for rent !!!

Quote from: OrionFinance on March 02, 2020, 01:46:51 PM

Quote from: Lhaine on March 02, 2020, 06:44:49 AM

You need to also add many different crypto currency not only the popular of them .
The community of that currency can also help your exchange to make some volume having this may be a good idea .

If you will add many different coins will you also have a free listings? Like mercatox or other exchnage that have it.

Currently we consider two strategies for Orion exchange development. The first one is to add many coins and to attract many users. Another way is to move gradually and to choose only the most popular coins. What way is the most effective on your opinion?

Add many coins as long as you will ask for listing fee, you will be benifited with thier community to use your exchange and its favor to you since there are many people will registered and use your exchange to trade that coins.
If you will only list popular coin you will have many popular exchange opponents.

OrionFinance

copper member

Activity: 27

Merit: 0

Quote from: Lhaine on March 02, 2020, 06:44:49 AM

You need to also add many different crypto currency not only the popular of them .
The community of that currency can also help your exchange to make some volume having this may be a good idea .

If you will add many different coins will you also have a free listings? Like mercatox or other exchnage that have it.

Currently we consider two strategies for Orion exchange development. The first one is to add many coins and to attract many users. Another way is to move gradually and to choose only the most popular coins. What way is the most effective on your opinion?

The Orion Finance team continues to introduce the cryptocurrency laws of European countries Wink

Austria considers cryptocurrencies as other (intangible) commodities. The Austrian Ministry of Finance (Bundesministerium der Finanzen, BMF) refers mining to “mining”, which is why, like any other activities in this area, mining of cryptocurrencies is subject to income tax. The same applies to the operation of online trading platforms and cryptocurrency ATMs. However, mining and cryptocurrency exchange transactions are exempt from VAT.

The Austrian National Bank (Oesterreichische Nationalbank, OeNB) does not qualify bitcoin as a currency, because it does not fulfil the typical functions of money due to a strict limitation on quantity and the lack of stabilizing central authority. As of now, Bitcoin is neither covered by the Electronic Money Act nor by the Payment Services Act.

At the same time, the management of OeNB expresses its clear concern about the “frozen” position of cryptocurrencies. So, Ewald Nowotny, the governor of the OeNB calls bitcoin “highly speculative investments which entail high risks for individuals.” He, therefore, welcomed the initiative of the Federal Minister of Finance, Hartwig Löger, to establish a Fintech Regulation Council to regulate cryptocurrencies. In addition, he voiced support for the amendment of the EU Money Laundering Directives, as well as the proposal of the Austrian Ministry of Finance to require prospectuses for ICOs and introduce licensing by the Financial Market Authority (FMA). Finally, he added that any regulatory initiative should be complemented by improving public financial education.

Such concerns are expected from centralized structures and, unfortunately, they hinder development of the cryptocurrency market. At the same time, the Orion Finance team supports Ewald Nowotny when it comes to development of people’s financial literacy. We hope that it will cover not only the risks, but also the benefits and advantages of using cryptocurrencies.

News source

Lhaine

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Coinbene.com - Experience Fast Crypto Trading

You need to also add many different crypto currency not only the popular of them .
The community of that currency can also help your exchange to make some volume having this may be a good idea .

If you will add many different coins will you also have a free listings? Like mercatox or other exchnage that have it.

Rodeo02

hero member

Activity: 1302

Merit: 577

avatar and signature space for rent !!!

Quote from: Akiko on March 01, 2020, 06:52:43 AM

Quote from: sunsilk on February 29, 2020, 06:35:24 AM

If they plan to become known quickly through the forum, they have to spend money for ads including the forum ad slots.

i agree promotion is a nice way to have more user's and there's no shortcut to be popular exchange but having many kind of advertisement can help them to be known by user's.

I remember okex and kucoin do a promotion in social media such as facebook and sometimes they run a give away to attract new user's to registered and participate in thier exchange.

kucoin buying many different crypto related facebook while okex is hiring many people that have groups or have people with community to announce thier giveaway i know many people hired to complete those task.

Akiko

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Activity: 896

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Quote from: sunsilk on February 29, 2020, 06:35:24 AM

If they plan to become known quickly through the forum, they have to spend money for ads including the forum ad slots.

i agree promotion is a nice way to have more user's and there's no shortcut to be popular exchange but having many kind of advertisement can help them to be known by user's.

I remember okex and kucoin do a promotion in social media such as facebook and sometimes they run a give away to attract new user's to registered and participate in thier exchange.

Asuka

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CryptoTalk.Org - Get Paid for every Post!

Quote from: OrionFinance on February 29, 2020, 06:23:28 AM

Quote from: Asuka on February 28, 2020, 11:36:14 AM

is there aby restriction in your exchange like US or china is this available in any country ?
Are we able your exchange if we are from united states without any problem?

We don't have any restriction for Chine, and we have users from there. But USA accounts we don't verify now.

meaning there is also a chances that you will ask it later if you are from the USA?

sunsilk

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Quote from: Akiko on February 27, 2020, 09:54:25 PM

This is the best way to adevertise in this forum but its not that cheap , however many member here can notice your exchange having that ads and thats not bad exchange for the money you will use.

If they plan to become known quickly through the forum, they have to spend money for ads including the forum ad slots and also if they want tot, they can run a signature campaign but consistency is what they need.

Quote from: OrionFinance on February 28, 2020, 03:46:34 AM

Quote from: Chiyoko on February 27, 2020, 10:05:47 AM

How many people already registered in that exchange?

Let me clarify this information and get back to you!

I'm also interested about this, do you have an answer now?

OrionFinance

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Activity: 27

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Quote from: Asuka on February 28, 2020, 11:36:14 AM

is there aby restriction in your exchange like US or china is this available in any country ?
Are we able your exchange if we are from united states without any problem?

We don't have any restriction for Chine, and we have users from there. But USA accounts we don't verify now.

Kupid002

sr. member

Activity: 1036

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Quote from: Akiko on February 27, 2020, 09:54:25 PM

Quote from: sunsilk on February 27, 2020, 08:03:52 PM

Quote from: Chiyoko on February 27, 2020, 10:05:47 AM

there is many ways such as forum advertisement by auction dont kNow where section it can be found but you can try that.

It can be found on the Auction section and this is the latest round:

Advertise on this forum - R'

This is the best way to adevertise in this forum but its not that cheap , however many member here can notice your exchange having that ads and thats not bad exchange for the money you will use.

not only that, there are also many other option that can be use.
But i agree this one is most use but it costly unless the owner have enough budget for that advertisement . Since its auction you need to always watch that thread and increase your bid if needed.

Asuka

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CryptoTalk.Org - Get Paid for every Post!

Quote from: OrionFinance on February 28, 2020, 03:46:34 AM

Quote from: Chiyoko on February 27, 2020, 10:05:47 AM

How many people already registered in that exchange?

Let me clarify this information and get back to you!

is there aby restriction in your exchange like US or china is this available in any country ?
Are we able your exchange if we are from united states without any problem?

Topic: Orion Finance Exchange (Read 674 times)