A Review of OverBit – A Seychelles-based Crypto Margin Trading Platform in Forex and Metals Using Bitcoin

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Overbit is a powerful, cryptocurrency trading platform positioned to be a global leader. This interestingly innovative trading platform allows cross-market trading in which clients can also dabble in forex and metals if they wish—while using Bitcoin.

As a trader, Overbit gives you numerous opportunities to explore the world of cryptocurrency. It enables you to make professional trading choices while earning some money at it. The interface of Overbit is easy to use and interactive. It integrates seamlessly with your smartphone, tablet, or desktop.

SEE ALSOBitcoin Adoption in Africa is Setting All-Time Highs Every Week, Say Crypto Analysts

Overbit is suited for all levels of traders – whether newbies, intermediate or experienced, and is already becoming a popular platform in the trading community. 

 

How to Use Overbit in Trading Cryptocurrency

Overbit only uses cryptocurrency as the main trading asset.

The Overbit interface

The platform offer a significant amount of leverage to its traders – up to 100x depending on the instruments you use. This allows you to leverage while trading against other forms of currency and instruments.

To start, you have to deposit some Bitcoin in your Overbit account. 

You can make long or short trades against other instruments such as USD, JYP, and EUR using Bitcoin or its value equivalent. Overbit offers you all the current prices, and the amount needed for a trade is also visible to you.

To execute a trade on Overbit, here is the process:

 

 

  • Choose the direction of your order – whether you are going to ‘buy’ or ‘sell’

 

  • Decide in the amount of leverage you are going to trade with

 

  • Input all your trade details – the stop, limiting prices, and your quantity 

 

  • Finalize your trade

 

 

With Overbit, you don’t have to worry about depositing or withdrawing fees on your Bitcoin because there is none.

 

Benefits of Using Overbit and Bitcoin
  • It offer traders a fair market price. Overbit only uses market prices sourced from the well-established exchanges globally. The prices are free from manipulation and friendly to even the overzealous newbie who just discovered Overbit
  • Overbit runs military-grade security, so you don’t have to worry about your information leaking. Your funds will also be protected
  • Overbit offers its clients a 24/7 customer support. Not many trading platforms have bragging rights in this area. With Overbit, anytime you find yourself in a hitch, the 24/7 customer support will answer your queries and offer you helpful guides
  • It offer quite generous rewards. Just for trading on the platform, Overbit will reward you in Tier Points (TP), which you can exchange for USDT or BTC when you have enough
  • If you are unsure about joining Overbit, you can always try the demo mode, which offers the same feel as live trading. You also get a chance to practice how to use the platform
  • Overbit also offers its traders negative balance protection, meaning your account will never have a negative balance. In case you can cover the loss position, Overbit’s insurance fund steps in to help

Overbit is simple yet professional. Creating an account is simple and straight-forward with no complex actions needed. The endless possibilities it offers in cross trading crypto and other instruments is also a big win. It’s a promising trading platform and an excellent entryway into the world of cryptocurrency trading, especially if you are a beginner.

[Guest Post]

 

About Author

Cosii-Riggz is a technology enthusiast focused on showcasing the revolutionary benefits of tech, crypto, and blockchain in Africa and beyond

 

 

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