Bituniverse: A modern age of trade has entered crypto. A ridiculous amount of exchange activity happens every day with hundreds of crypto exchanges, thousands of token pairs, and millions of consumers. This rapidly shifting environment is vulnerable to unexpected price fluctuations triggered on a regular basis by unforeseen incidents.
Thanks to fantastic news, a coin could rocket up 1000 percent or it may head in the opposite direction thanks to an escape scam or rug grab. Furthermore, even without the existence of a news trigger, coins will easily shift in price.
Traders need an appropriate way to manage the crypto-currency space in this sort of unpredictable environment.
BitUniverse: One platform for the whole crypto industry to use
Single sign-on, an authentication mechanism that enables a person to log in to each of many similar websites using a single ID and password, may be one of the most notable internet security developments in the early 2010s.
In order to log on to each of their accounts, citizens no longer need to hold several passwords. All it took was one click (likely a Google link) and they could seamlessly access all their accounts.
There is a related need in crypto markets with respect to markets. Owing to the heavy fragmentation of the crypto market, “one exchange to manage them all” would never be feasible. Nevertheless, in the crypto trading industry, a “single sign-on” of sorts that bridges the hundreds of active crypto exchanges can serve a significant need.
There is no way to easily exchange all cryptocurrencies across only one network, with various blockchains, coin standards, and forms of transactions.
The rise of decentralized finance (DeFi) and decentralized exchanges (DEXes) has especially aggravated this.
A trader can periodically have to keep track of 10 trading accounts across 10 separate websites at the accelerated pace at which trading pairs will start on DEXes to keep track of changing liquidity, token price, and volume across exchanges.
BitUniverse’s Value Proposition
BitUniverse is a fund manager and trading terminal for cryptocurrencies.
BitUniverse says that consumers experience a smoother investing life when using the platform. It comes with bot capabilities that are completely automatic or semi-automated. The web version allows the user to specify the bot’s parameters manually. This bot’s characteristics include:
- Balance and benefit auto-tracking. This bot auto-tracks the balance and benefits using the API key on the portfolio of the customer (from the exchanges and wallets). Multiple exchanges and Bitcoin / Ethereum wallet auto-tracking are enabled by BitUniverse.
- 240 markets and 6000 real-time ticker coins are sponsored by BitUniverse. It also has strong candlestick tables, like MACD, BOOL, RSI, ARBR, CR, and EMV, with 22 indicators.
- Without transferring from one client to another, BitUniverse helps users to trade several exchanges. It supports over 22 indicators, including Binance, Huobi, OKEx, BitForex, and KuCoin.
- BitUniverse presents both a completely automatic bot and a semi-automated bot approach. The semi-automated bot strategy may be used by users with expertise and expertise to personalize their trading strategies.
While it is fairly new, BitUniverse is fairly popular. Active discussion about BitUniverse litters many common Reddit, Telegram, and other crypto social channels.
It arrived on the scene early in 2018 and many have reacted favorably to this bot-based trading platform. Due to the easy to use UI and simplicity present inside the platform, advanced traders along with fresh traders with eyes on profiting off of crypto exchanges have eyed the program.
BitUniverse will allow you to synchronize with multiple exchanges. From one site, you can monitor your money.
What are the partnered exchanges? There are several high volume exchanges. In coin matching, costs, and user interface, everyone has their own characteristics. The software, however, supports large exchanges such as Hitbtc, Binance, Bittrex, and other smaller exchanges such as Simex.
You don’t have to concern yourself with grappling with the multiple channels for monitoring your assets.
Grid Trading Bot
Grid trading is a type of trading technique that gains from both sideways and trending market circumstances. Grid trading means hedging, or putting simultaneous buy and sell orders at some stages, in the simplest of words.
The goal of this strategy is to increase income while ensuring that risks are reduced by the in-built hedging scheme.
The strongest tool in BitUniverse’s toolbox is the Grid Trading Bot. This functionality lets you establish a certain price setting for a coin pair to be bought and sold.
Security in BitUniverse
Protection is one of the biggest concerns related to money. How are you going to protect your money against burglary or manipulation? Specifically, the cryptocurrency space has been a hotbed for hacks and rug pulls.
You’ll want them to be guarded as you link your precious API keys to trading platform.
BitUniverse frequently updates its level of security and development focuses on protection of user API keys. However, as with all use of APIs, users must be sure that they protect their exchange account first.
What are our thoughts so far?
With respect to the design architecture, we can assume that everything is in order. The smaller screens visuals are a little challenging to view, but they are otherwise well-designed.
The efficiency of the application is superb and we faced no downtime. The app was used on an iPhone 11. Users might see worse performance on an older phone.
In terms of overall use, we would recommend this platform to advanced users. The app itself is easy to use compared to regular CEXes, but novice traders might get overwhelmed with all the features.
