There’s no denying that over the years, cybercriminals have managed to breach the security of various exchange platforms like Mt. Gox, Binance and Coincheck. This further discourages some people from investing in crypto, terrified of the idea that an attacker will steal their hard-earned assets in just a single breach. However, it has also led various exchanges, including eToroX Exchange to improve their features and cybersecurity measures to eliminate threats where cryptocurrencies are vulnerable.
Offering Anti-Money Laundering (AML) technology and various digital assets, eToroX Exchange users are guaranteed a smooth-sailing crypto journey. But what makes this platform different from other exchanges? What does it offer that others don’t? Continue reading below for more information!
Getting to know eToroX exchange
Known to be a regulated cryptocurrency exchange, eToroX is a part of the eToro Group—an Israel-based financial services company known for its forex and crypto trading services. Although its parent company is known for the trading of different digital currencies, the entire design of eToroX is exclusive to professional trading that includes algo and corporate traders, as well as users who’d like to invest large amounts of assets.
Although this doesn’t mean that new investors aren’t welcome on the platform, the whole thing might seem advanced to you on the first try. But as your trading knowledge improves, you’ll get the hang of using the platform. It also has a good selection of cryptocurrencies and stablecoins that would help diversify your portfolio, such as:
- Bitcoin (BTC)
- Ripple (XRP)
- Ethereum (ETH)
- Litecoin (LTC)
Since eToroX exchange was created to establish an advanced-only trading environment, some futuristic features and services can allow you to fully control your trades. You can take advantage of more than 80 trading pairs, or switch between the crypto or FX markets.
eToroX services you need to know
eToroX might be a bit confusing to use even for professional traders since it has complex features and options. To help you get an easy start, here are the services the platform offers and how they work:
There are various special orders you can choose from aside from the regular market and limit orders to better enhance your trading strategies. This includes the following:
- Fill-or-Kill (FOK) – FOK orders are either instantly processed or cancelled, depending on a specified price. For instance, if sufficient liquidity is at hand, the order will be executed. However, it will be cancelled if there is insufficient liquidity.
- Immediate-or-Cancel (IOC) – IOC seems similar to FOK orders. However, what makes IOC different is it processes partial fills. If there is not enough liquidity in the system, the portion of the IOC order that cannot be processed is cancelled.
- Good-Till-Date (GTD) – In this type of special order, users are allowed to state a date when a certain order will expire. It will remain active until it has been executed or the specified date passes.
- Iceberg – Iceberg orders break huge orders into smaller sizes. The chunks will then be recorded on the order book where they will be processed one at a time. Once the first order has been executed, the next one is up for processing on the market.
One of the best services that eToroX offers is the FIX API protocol. With this, the platform has the unique capability to process 100,000 orders per second, offering a smooth transaction with lesser costs.
For instance, you can use this feature by combining different applications in one platform for an enhanced trading experience. For example, you can connect eToroX with supported third-party programs to fully control your trades.
To help its users improve their trading power and use their assets in the best way possible, eToroX offers a credit line program along with additional liquidity. Whatever your trading position is, all you have to do is make a minimum deposit of US$10,000 and take a credit line of x5. Then, you’ll have an amount of US$50,000 that can be used for trading.
Through this program, you’re allowed to easily manage your positions and significantly improve your account liquidity. To apply for the credit line service, make sure that you send a message through the email provided on the website.
Since cryptocurrencies are susceptible to network attacks, eToroX exchange has implemented stricter security measures to protect its users’ assets. It has its cybersecurity program that aims to detect data breaches, identify risks and respond to any unauthorised or malicious acts within the system.
To avoid automation attacks, the system has two-factor authentication (2FA), whitelisting models and login attempt limits. You should also reach Level 3 Identity Verification before you can start trading on the site.
In collaboration with cybersecurity company, GK8, which is known for its military-level security, eToroX provides a fully-managed cold storage Custody as a Service (CaaS) solution. eToroX is also regulated by the Gibraltar Government and Gibraltar Financial Services Commission, ensuring that your assets are protected. This means that only licensed and reputable DLT providers are allowed to operate on the platform, reducing the chances of hacks, theft, phishing scams and other financial-related crimes.
eToroX exchange: All about secure and advanced trading
Considered to be one of the most advanced exchanges in the market, eToroX exchange is at the forefront of revolutionizing crypto trading. Its cutting-edge security protocols, innovative special orders, intuitive interface and charting tools will allow investors to navigate through the ins and outs of trading digital currencies. Besides, with automated order execution, you can process your transactions with little to no friction.
If you’re looking for an exchange that provides the latest crypto trends, eToroX is the exchange you should consider. Stay tuned here at BTC Post to learn more about its upcoming plans!
Bitcoin (BTC) $ 25,578.00 3.45%
Ethereum (ETH) $ 1,754.44 4.62%
Tether (USDT) $ 1.00 0.37%
BNB (BNB) $ 240.07 7.73%
USD Coin (USDC) $ 1.00 0.18%
XRP (XRP) $ 0.483429 8.18%
Lido Staked Ether (STETH) $ 1,753.31 4.6%
Cardano (ADA) $ 0.245101 22.88%
Dogecoin (DOGE) $ 0.060908 10.25%
TRON (TRX) $ 0.065819 15.06%
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