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The immense growth of the entire blockchain and crypto industries can be felt everywhere. As the space continues to develop, new projects emerge to meet certain needs and demands of users.
Today, a platform called ‘MoonXBT’ is attracting the attention of enthusiasts worldwide. It is an advanced trading platform that offers liquid contracts instead of traditional contracts. In this cryptocurrency exchange review, we will be discussing the premise, features, and products of MoonXBT from A to Z.
What is MoonXBT?
MoonXBT is the pioneering social cryptocurrency trading platform that brings a suitable blend of an easy-to-use interface, a low fee structure, and social-oriented trading such as the copy trading function, etc. Furthermore, it helps newbies and experienced traders to take advantage of both short-term market volatility and deal spot market trades for longer-term plays.
Moreover, MoonXBT provides users with a wide span of derivatives to properly execute their trading strategies and support the execution of the strategies with strong liquidity. A derivative is an instrument priced on the basis of another asset’s value (stocks, bonds, commodities, etc.). In the crypto sphere, derivatives derive their values from certain cryptocurrency prices.
MoonXBT Quick Details
| Website | https://www.moonxbt.com |
| Available on mobile | yes |
| Number of supported coins/tokens | 15 (will be 20 next month) |
| Number of supported trading pairs | 25 |
| Native token | Do not have |
| Supported fiat currencies | USDT, BUSD, USDC |
| CEO | Jett Leung |
| HQ location | Cayman Island |
| Owner | MOONXBT GLOBAL LIMITED |
Notable Features
Liquidity
One of MoonXBT’s flagship products is liquid contract. Here, users can place a margin of up to 5000 USDT and trade with as much as 150 times leverage. That said, Binance, on the other hand, offers a margin of 2000 and a leverage of 20.
In detail, liquid contracts allow traders to trade on an open order book without the need to wait for others’ orders to be filled. After this, the filled order will be submitted to the highly volatile market.
Next off, these contracts will be closed out by either party before getting expired—increasing the liquidity and stability of the moving markets. Additionally, the platform presents abundant liquidity for spot trading to ensure good trading depth.
Social Trading
As a global social trading platform, MoonXBT utilizes the maximum potential of community trading. In fact, it promotes a wide range of social trading functions including its ‘Copy Trading’ feature where traders can “copy” other users’ trading actions, i.e. have their orders automatically executed according to the trader’s strategy whom they follow. This saves time and potentially brings better trading results for the copiers. Also, traders who are copied by others can share a 10% profit from the earnings made by their copiers.
Meanwhile, MoonXBT boasts a highly competitive rewards program and different promotions that make its social trading experience attractive to many, such as trading battle and trading forums.
International Market Growth
Headquartered in the Cayman Islands, MoonXBT also expanded its international reach by serving over 60 countries around the world. The project has offices in countries like Indonesia, Malaysia, India, Latin America, Russia, Turkey, Japan and Vietnam—where it currently stands as the 3rd largest crypto trading platform.
Safety & Security
When it comes to the crypto market, security is a crucial factor. Hackers and other malicious parties are always there to attempt to get access to users’ funds. MoonXBT keeps its traders’ digital assets highly secure in partnership with asset custodian Fireblocks and security audit company Certik.
On top of this, MoonXBT uses two-factor authentication in each transaction to add an extra layer of security. At the end of the day, the platform aims to protect the funds of its users with some of the most advanced security measures.
Product Line
Futures
Futures in cryptocurrency are defined as contracts between two parties to “buy and sell a specific amount of underlying crypto at a specific future price on a specific date and time.” It lets investors gain exposure to certain cryptocurrencies without actually purchasing them.
MoonXBT uses a transparent price chart while offering a leverage range from 1 to 150x. Its high liquidity helps avoid slippage, i.e. the difference in price between when an entity/user buys and sells a digital asset which could affect in great extent when it comes to trading future.
Options Trading
When it comes to options, there are several types. To start, there is the European spread ‘call’ and ‘put’ options. In detail, a call option lets its holder buy an asset, while a put option gives the holder the chance to sell an asset.
Compared to European spread options, American standalone options are more flexible in nature and tend to lower inherent risk. This is because these options can be exercised anytime until the expiration date.
MoonXBT features the American options-based warrant options with better liquidity and a more optimized transaction method. It also provides a feature that is least complicated and very easy to use. As a result, all users of the product can enjoy better risk management and higher profitability chances in a sideways market.
Spot Trading
Aside from a list of derivatives crypto trading features, MoonXBT also has spot trading. Here, crypto traders can grow their portfolios with some popular digital assets such as BTC, ETH, XRP, DOGE, SOL, MATIC, etc.
Over-the-Counter (OTC)
According to MoonXBT’s FAQ page, over-the-counter is peer-to-peer trading transacted outside the public MoonXBT exchange. It provides greater liquidity and more personalized service to entities interested in large volume trading.
In addition to this, the trading platform set the minimum deposit, withdrawal, and relative fees respective to each supported cryptocurrency. It can be found here.
Social Trading
Copy Trading
In simple terms, copy trading pertains to a type of investment that lets traders copy other traders’ trading strategies. This has proven to be helpful to users with less derivative trading experience as it saves time and cuts losses for novice traders. In addition, it also allows expert traders to gain from the follower’s profitable orders by sharing 10 percent of their earnings MoonXBT is one the few exchanges equipped with the copy trading function.
Pro-trader
MoonXBT Pro-trader is one of the network’s products that enables its participants to enjoy up to a 50% high commission rate. It also provides VIP customer service support that enables its users to have a higher token withdrawal limit. Best of all, the network offers its Pro-trader joiners a ladder-based salary and exclusive gifts for special occasions.
Trading Battle
Available on the web app, MoonXBT users can now engage in trading battles where participants are pitted against each other. Top users win a share of a community-funded crypto prize pool. Additionally, traders who hold more than 10,000 MoonXBT points or have a minimum of 10 subscribers can create individual battles.
A Trading Battle costs 5 USDT to create, with the creator receiving 5% of the total prize pool. With regards to rewards distribution, the higher the profit, the higher the ranking.
Trading Forum
MoonXBT’s forum is the perfect place to share trading tips and forge trading relationships. Provided that users observe community guidelines, they can ask any trade-related questions, post their opinions on the market, or just read other people’s thoughts.
Affiliate Program
In MoonXBT’s affiliate program, participants can earn up to 60% commission from trading fees generated from their referrals. This promo is the go-to choice of users who want to receive a steady income without the risks of derivatives trading.
New User Reward
To continue enticing new users to use the platform, MoonXBT gives a treat! Traders who successfully register with the project will be rewarded with 5 trading bonuses.
Moonpoint (MP)
MoonXBT has a loyalty program that gives away rich rewards for high-volume traders and newcomers as well. For example, a user can earn 50 MPs for registering and another 100 MPs after completing the KYC verification. Connecting one’s contact details will equal 100 more MPs. Basically, every task has corresponding moon points attached to it.
User Friendliness
Low Entry
Interested investors can dive into MoonXBT trading at a super reasonable entry price. It costs 1 USDT to open a position, cheaper than other options trading platforms.
24/7 Service Support
In every efficient project lies a top-notch team. MoonXBT has well-informed staff members that offer 24/7 reliable customer support. They answer questions on social media and provide information about the platform’s events, services, products, fees, and promos.
Simple User Interface
With MoonXBT’s easy-to-use interface, anyone in the crypto community can use its platform to trade and earn rewards.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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