Challanges Big Crypto Traders Face and their possible Solution
Advantages of non custodial OTC Trading for Big Crypto Traders:
Let us first come to the problems faced by the crypto traders despite the options of dozens of centralized and decentralized exchange platforms. As being a relatively new and non-regulated industry crypto market in general and crypto exchange platforms specifically often lack the volume and liquidity especially when the price has reached a specific value and the trader wants to take profit that time is really annoying for traders because even at a high price point they either have to exit with small profit or breakeven and in some cases slight losses are also faced due to low liquidity on the exchanges the gap, spread or slippage can become huge. Second most important problem faced by most traders is the cutodial deposit of their funds at the wallets owned by exchanges because we constantly hear news about hacking or funds being stolen from the exchange wallets which makes traders insecure about transferring their precious coins to exchange wallets.
Third biggest issue that the traders face to trade is to provide kyc documents and wait for verification at each exchange where their desired pair is trading which is not less than a headache to do repeatedly.
Fourth issue is the volatility that can effect the profit taking and traders most often like to lock the profit at a certain price point. Another problem that most traders report is the trading fee/comission being charged by the exchanges on both buying and selling and usually that takes a part of trading profit and lastly the high withdrawal fee that most of the exchanges charge also do not go according to trading plans of most of the traders.
Non-custodial OTC trading can solve almost all of these problems, non-custodial means your funds are not sent in someone elses custody and they remain with you untill you make the deal while OTC means over the counter which refers to the fixed ad/auction type of buy or sell order where you can offer discount or ask for profit over the current market price of a coin according to the demand, this type of trading system is free of requirements like kyc verification, are cheap with no withdrawal fee and you can sell at a fix price taking out volatility and slippage. For such unique trading solutions and benefits we honestly suggest you to check out WhalesHeaven platform that offers a smooth ad/auction type of trading/ exchange platform that was developed keeping all the above stated problems in mind especially for big traders and that is why the name of the platform is WhalesHeaven which indicates the solutions for big investors and traders as whale is a term used for high volume traders and investors in the crypto market. Below we will provide all the details about WhalesHeaven platform and how it is the most suitable platform for crypto traders and how it solves the major issues faced by big crypto traders.
WhalesHeaven As a Solution:
WhalesHeaven is a blockchain based project that allows switching cryptocurrencies without centralized custody. There is no third party to hold and release your funds. The main benefit of this project is to transfer any amount of funds without the fear of losing them. Evidently, the project is as secure as any decentralized platform where you have all the control. You need to put up attractive ads that invite people to bid on them. Set a favorable margin or discount in comparison to the current market price in your ads. Similarly, accept a variety of currencies as payment method to attract as many bidders. The favorable the conditions are to the buyers, the quicker your trade will be successfully executed.
Auction like Trading System:
All of the trades happen in an auction type trading system. You need to create adverts to attract buyers and sellers for the bid. Simply put, once an ad is set, other users will bid on the ad. If a favorable price is available, users will buy it right away. Once into the trade, the user makes payment according to the terms specified. Once they provide confirmation of payment, you can release funds. The best part of the entire deal is you need to trust no one. From WhalesHeaven end, they ask for a destination address to forward your payment. Transacting in their beginner-friendly ecosystem is a child's play.
Multisig Wallet:
Partnering up with Guarda, WhalesHeaven develops the first multi-currency crypto wallet that will offer multi-signature support. Commonly dubbed as Multisig wallets, it enables more than one user to have access to the funds. It helps immensely when trading as a group or company. Several traders can sign transactions with the signature being generated using different private keys. Hence, multiple parties can use a shared wallet and manage trading with mutual consensus. In addition, Multisig can be seen as an added protection during the loss of password and cryptocurrency thread. For a fact, this development was pushed from community feedback.
A Whole New Ecosystem:
WhalesHeaven presents a whole new ecosystem for trading. You need to confirm your identity, time, and again during trades. It is part of the process of ensuring privacy and security. For instance, you need to provide confirmation key to approve the deal every time. The funds you upload to the platform are deposited in a temporary wallet. The uploaded funds go into a system-generated secret address that expires after a certain period of time. Since some crypto transactions take time, the system allows tracking of incoming transactions. With the amount of tech at hand, blockchain and smart contracts are used to ensure the safety of your funds.
P2P, Non-custodial OTC Platform that Suits all Type of Traders:
WhalesHeaven is a peer to peer platform to swap crypto assets with the highest level of security. Traders can swap small to large amounts of crypto assets without worrying about slippage, gaps, volatility, or spreads. As a currency pair, you can trade private as well as stable coins against top coins like BTC or ETH. The popular pairs traded in the platform are Tether - ERC20, Tether/ BTC, Dai v1.0/ ERC20, TrueUSD/ ERC20 and STASIS EURS/ ERC20. You can trade these pairs with the best rates available in the market. In addition, you do not have to trust third party custody at all. WhalesHeaven does not have access to your funds throughout the entire trade. Moreover, registering on the platform is as simple as 1-2-3. All you need is an email and an active wallet address to start trading right away.
What solutions does WhalesHeaven provide for cryptocurrency traders?
KYC not required: KYC is optional for deals, unlike other traditional platforms. Users can choose to skip it and trade anonymously.
Volatility is not an issue: Regardless of market direction, users can swap large amounts without bothering price change.
Custody free trading: Do not feel the need to trust third party custody ever again. WhalesHeaven never accesses your funds during the entirety of the trade.
Lowest commissions: WhalesHeaven charges the lowest commission to power you to make a deal. Even better, trades are 100% free until September 2020.
Zero withdrawal fees: There is no withdrawal fee or any kind of withdrawal limits in WhalesHeaven.
Safest of deals: WhalesHeaven deploys multi-signature wallets to ensure optimal protection for your funds in the decentralized space.
Utilities of WHT tokens:
WHT doubles up as a utility token along with being a tradable coin. Using WHT tokens traders can increase their trading limits and in future WHT tokens will be used as gas while making trades in the auction. In fact, that is the way to sell WHT tokens quicker than usual. Even within the WhalesHeaven platform, you can exchange WHT tokens for various other tokens and cryptocurrencies. In addition, WHT tokens are used to incentivize referrals in the affiliate reward system. For each referral, affiliates can earn up to 1000 WHT tokens. WhalesHeaven has plans to list WHT tokens on popular exchanges. When WHT becomes a third party exchange-traded token, WHT will definitely rise in value due to its utility, use case and demand.
Bounty Program:
WhalesHeaven has an active bounty program for people wishing to promote the platform. You can check for details in the official thread in the BitcoinTalk forum. $300,000 is dedicated exclusively to the bounty programs. Check with how the stakes are counted before the payout is made. Once the payout is processed, WhalesHeaven does not reconsider the count of tokens. Bounty payments for the first month will be processed weekly. The following payments will be paid out as monthly payments. Check with the bounty manager regarding the recounting of stakes. As of the latest updates, weekly payments are again started which is great news for active participants.
Partnerships and Future Plans of WhalesHeaven:
WhalesHeaven is registered and operated from Estonia. They have future plans to make WHT as an exchange-traded token. However, there is no specified timeline to do so. It has partnerships with Makerdao, with its official token DAI being the first-ever unbiased currency. Regardless of market conditions, a DAI token will always be worth 1 USD. For legal support, WhalesHeaven partners up with NJORD law firm, which offers them insights regarding legalities in various territories. Already, the company is operating in compliance with the local laws in various jurisdictions. Joining hands with Guarda Wallet, WhalesHeaven creates the multi-signature wallet. A new user interface is also being worked on that will make the platform, even more, user friendly and exciting. The team is working to come up with major surprises in coming months starting from September. With all the features, uniqueness, and practicality of the whalesheaven platform, it has all the potential to be the top choice of the traders.
Official Links:
Website: https://www.whalesheaven.com/
Twitter: https://twitter.com/WhalesHeaven
Facebook: https://www.facebook.com/whalesheaven/
Telegram: https://t.me/whalesheaven
Linkedin: https://www.linkedin.com/company/whalesheaven/
Reddit: https://www.reddit.com/r/whalesheaven/
Kind Regards!
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