Bitmax based in Singapore is one of the leading global digital asset management platforms having users in 196 countries. It supports the listing of cryptocurrencies, stablecoins, and DeFi tokens. The cryptocurrency traders can earn huge income through staking, margin trading, derivatives trading, perpetual trading, copy trading, over the counter trading, futures trading, and DeFi mining. 

The Bitmax clone script is a ready-made solution containing all the necessary components for the digital trading of assets. 

Important features of the Bitmax exchange clone script

• Multi-layer security measures – The safety of the users is paramount in the trading platform. Some of the security steps taken include multi-signature hot and cold wallets, cold storage facilities, two-factor authentication, anti-phishing software, email verification, anti-DDoS protection, end-to-end data encryption, cross-site request forgery protection, and server-side request forgery protection. Users can opt to freeze their accounts on the platform to safeguard their funds in case of any unauthorized access. 

• Efficient portfolio diversification – Users can reduce their risks and increase the returns on the assets by in 36 different coins and 72 trading pairs covering three markets (BTC, ETH, and USDT).

• The acceptance of a wide variety of orders – Limit orders, market orders, conditional limit orders, and conditional market orders are accepted on the trading platform. Orders can also be canceled by the traders. 

• BMAX token – Users can get access to the official token of the Bitmax platform called the BMAX token. The holders of the tokens get voting rights and can participate in the governance of the Bitmax platform. It includes voting on the mining pool and transaction mining. The value of the token is very stable ensuring consistent returns for the investors. BTMX holders also get discounts on various fees.

• The provision of sufficient liquidity – Trading can be done quickly both by small and large traders due to the availability of adequate liquidity.  Liquidity is ensured due to the presence of market makers, investors, and professional traders. This enhances the overall user experience.

• Speedy processing of transactions – The pace of fund settlement is high with a whopping transaction speed of 2 million per second. This will benefit institutional traders as transaction fees are only 0.04%.

• The presence of the dual mining model – Bitmax permits both reverse mining and transmining on its platform. It works better than the FCoin model that was used by a Chinese crypto exchange. 

• Staking and Yield farming facilities – With the tremendous rise in interest for DeFi-based applications, Bitmax has introduced staking and yield farming opportunities for the users. Staking provides a lot of flexibility to the users and they can withdraw their earnings anytime. Margin trading that provides leverage of up to 100x helps to maximize the returns on staked assets. The staking returns can go up to 80% for a year. Yield farming helps to increase the returns on capital of the users. Access is provided for the traders to liquidity pools, derivative protocols, and lending protocols. The returns are distributed regularly to the yield farmers and they need not pay any gas fees. 

• BitTreasure for building wealth – It is an exclusive tool for accumulating the assets of the users. Investing in the BTMX tokens through BitTreasure offers a return of 5.19% for a year. The returns depend on the choice of the crypto token by the user and the duration of the investment. The advantages include stable returns, flexible investment terms, access to different types of tokens, and the presence of military-grade security measures.

• The acceptance of numerous payment methods – Cryptos can be bought on the Bitmax platform using debit cards, credit cards, digital wallets, and bank transfers. 

• Easy deposits and withdrawals – Deposits can be easily made by the users by utilizing the leading fiat currencies like the US Dollar and the Euro. A minimum of $5 must be deposited by the users to begin trading. There is a maximum limit imposed on the withdrawal of cryptos from the platform depending on the level of KYC verification completed by the users. Deposits and withdrawals can be done for 80 different cryptocurrencies and tokens. Non-verified traders can withdraw 2 BTC per day and verified users can withdraw up to 100 BTC per day. 

• Live chat facility – There is an encrypted live chat option for smooth communication between the crypto buyers and sellers on the platform.

• Altcoin auctions – The newly launched tokens of projects can be bid by the users at an affordable price through these auctions. 

• Low maker and taker fees – The maker and taker fees are affordable at only 0.085% for large market cap assets. The trading fees paid to makers and takers for dealing in altcoins is only 0.10%. 

• An integrated affiliate program – The existing users get rich rewards when they refer new users to the Bitmax trading platform. It includes rebates on trading fees paid for margin and futures trading.

• The provision of advanced analytical tools – The changes in the prices of crypto assets and market movement will be depicted in the form of easily understandable graphs and charts on the platform. This facilitates better decision-making by the investors while they are executing trades on Bitmax.

Analyzing how Bitmax functions?

• The users have to register on the trading platform and undergo KYC verification.
• The trading interface includes real-time graphs and charts along with the different trading pairs.
• The user can place an order for a specific amount of crypto in the form of a limit order, market order, a stop-limit order, or a stop-market order.
• The matching engine will match the order request raised by the user with another interested user.
• Once the crypto buyer and seller have negotiated the terms and conditions of the trade, it will get executed successfully.
• The buyer has to pay the seller.
• The crypto assets are directly transferred to the buyer’s digital wallet.

The latest developments related to Bitmax Clone

• Bitmax has announced support for the Seascape network to support DeFi-based games. Users can trade their assets in the CWS/USDT trading pair. Users who play these games get access to Crowns (CWS) tokens, incentives, and can also stake the CWS token to get more yields. 
• Bitmax recently listed the NGM token which is part of a Denmark-based stablecoin project called e-Money. The trading pair available on the platform is NGM/USDT. 
• Bitmax listed the CUDOS token to connect different blockchain networks to powerful off-chain computing resources. 166,666,667 tokens are available for sale to prospective investors. Blockchain developers will benefit immensely by getting access to smart contracts and DeFi projects through the CUDOS platform.

As seen above, Bitmax is one of the fastest-growing cryptocurrency exchanges in the industry and will soon become a big player in the market. They are working aggressively to improve customer support and launch innovative crypto products on the platform. It has partnered with some leading names like KAVA, LINE, and Wootrade to accelerate its growth. 

With Bitcoin soaring past $47,000 recently, the market conditions are highly apt now to get the Bitmax clone script and strongly thrive in the booming industry.