AlterDice: Safe Cryptocurrency Trading Exchange Platform?

2019-1-22 05:33

Alterdice is a digital trading platform that facilitates buying and selling of cryptocurrencies. The platform operates like any other cryptocurrency exchange platform in terms of exchange transactions.

Users earn profits by buying cheaper and selling more expensive, similar to investing in fiat currency. Essentially, Alterdice uses the same principle of defining trading targets as used in the forex or securities market.

Platform Principles Exchange

The platform provides the most liquid exchange in the world, which enables its users to easily convert one cryptocurrency into another, or into other world currencies.

It also offers a set of order types to help traders where necessary.

Technology

Security is the top priority of the Alterdice platform. It offers a secure, reliable, and stable environment for cryptocurrency trading through a mobile application and web interface.

Besides, the platform employs the most advanced technologies to offer the best services for the organization of trading in this industry.

Project Mission

Alterdice platform believes that cryptocurrency trading will improve the efficiency of economic transactions throughout the global economy. The project focuses on refining and improving its customer service.

The platform embraces the following components that govern participants in crypto trading.

Graph Orders for sale and purchase History of transactions Trading volume held on the exchange

To understand the basics of a cryptocurrency exchange, traders need to understand these elements individually in detail.

The Graph

The graph denotes a history of the performance of one digital asset in relation to another or to fiat money. It is usually represented in the form of Japanese candles and it clearly shows the development of the ratio of spread difference through time.

Spread is the difference among the current offers, the best values for sell (ask) and purchase (bid) or the currencies that are trending on the exchange.

The Japanese Candle

This indicates denotes price movement of a digital asset during a particular period. Graphs of one pair of digital assets can be presented with various time axes such as an hourly graph or a 15-minute graph.

In both cases, the unit of time is either an hour or 15 minutes. One candle denotes the values that were relevant for that period.

The Body Of The Candle

The body of the candle is a rectangle usually formed from the values at the beginning of the next time period and its end. For instance, if the opening level is lower than the closing level, then the candle becomes bullish and turns red.

Reversely, the bearish candle is colored green. This shows clearly that the course grows with the bull candle and falls with the bear candle.

The Shadows

The shadows represent the lines extending from the candle, indicating the highs and the lows recorded during the formation of the candle. In the absence of the upper shadow, it is said that the top of the candle is cut off. If the lower shadow is absent, then the base of the candle is cut off.

Candles with no body are referred to as Doji, in which case the price of the time period and at the end remains equal. Spinning Tops represent candles with small body size. The ability to read and understand candles makes cryptocurrency trading quite easier.

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