Intra day contract transaction of digital currency

1. Hello, digital currency contract, also known as futures contract. In short, it's business in the future. For example, the 58coin exchange has formulated a standardized contract that stipulates the delivery of a certain quantity and quality at a specific time and place in the future. The vast majority of users use the margin system of futures contracts, add 10 or even 20 times leverage to leverage big funds, and then use the index fluctuation to buy low and sell high trading contracts, so as to earn double profits.

2.

The contract transaction of digital currency is not safe. There are still many loopholes in the digital currency trading platform, for example, the most common are the following six kinds:

1. Denial of service attack

denial of service attack is the most important attack against the digital currency trading platform at present. Through denial of service attack, the attacker makes the trading platform unable to access normally, Because users can not accurately distinguish the degree of attack, it often causes panic asset transfer, which brings some loss

2. Phishing incident

even the best technical measures at present can not make the digital currency trading platform avoid phishing attacks. Some hackers and criminals can confuse digital currency investors by means of fake domain names or fake pages, while ordinary investors can't identify the authenticity, so it's easy to cause asset losses

Many digital currency trading platforms use a single private key to protect the hot wallet. If hackers can access a single private key, they can crack the hot wallet related to the private key. For example, in the attack on yapizon of Seoul stock exchange in 2017, the attackers stole hot wallets from the trading platform twice in a year, resulting in a total loss of nearly 50% of the assets of the trading platform and eventually leading to the bankruptcy of the trading platform

Fourth, e to the lack of perfect risk isolation measures, or ineffective supervision on the rights of employees, some employees who have the operation rights of the platform use internal trust to seek unjust wealth for themselves. For example, in 2016, the event of employees stealing bitcoin on shapeshift caused a total loss of US $230000 to the trading platform by stealing and reselling sensitive information to others

Fifth, the software vulnerability of digital currency trading platform includes single sign on vulnerability, OAuth protocol vulnerability and so on. At present, all countries have laws requiring banks or other financial institutions to implement information security measures to protect customers' deposits. However, e to the fact that the blockchain field is still in its infancy, there is a lack of such specifications for encrypting digital assets. Therefore, it is not accidental that many trading platforms have a large number of loopholes in the absence of security constraints

6. Transaction malleability the technical supporters of blockchain often think that blockchain transactions are highly secure because they are recorded on records that are said to be unchangeable, but each transaction needs to have a corresponding signature, and the records can be forged temporarily before the final confirmation of the transaction

extended data:

rules of contract transaction

1. Transaction time

contract transaction is 7 * 24 hours transaction, which will be interrupted only ring the settlement or delivery period of 16:00 (UTC + 8) every Friday. In the last 10 minutes before delivery, the contract can only be closed, not opened

Transaction types are divided into two types, opening and closing. Opening and closing positions are divided into two directions: buying and selling:

buying open long (bullish) refers to buying a certain number of contracts when users are bullish and bullish on the index. Carry out "buy open more" operation, match success will increase long position

selling pingo (multi order closing) refers to the selling contract that the user makes up for when he is no longer bullish on the future index, offsets with the current buying contract and exits the market. Carry on "sell flat much" operation, match after success, will rece long position

short selling (bearish) refers to the new sale of a certain number of certain contracts when the user is short or bearish on the index. Carry out the operation of "sell short" and increase the short position after successful matching

buy close (short single close) refers to the buy contract that the user will not be bearish on the future index market and make up for, offset with the current sell contract and exit the market. Carry out "buy short" operation, after matching successfully, short position will be reced

3. Order method

limit order: the user needs to specify the price and quantity of the order. Limit order can be used for opening and closing positions

order at opposite price: if you choose to order at opposite price, you can only enter the order quantity, not the order price. The system will read the latest competitor price at the moment of receiving the entrustment (if the user buys, the competitor price is the selling price of 1); If it is a sell, then the counter price is buy 1 price). Issue a price limit order for this counter price

4. Position

the user owns the position after opening and trading, and the positions in the same direction of the same contract will be merged. In a contract account, there can only be 6 positions at most, that is, multiple positions of current week contract, short positions of current week contract, multiple positions of next week contract, short positions of next week contract, multiple positions of quarterly contract and short positions of quarterly contract

5. Order restriction

the platform will restrict the number of single user's positions in a certain period of contract and the number of single open / close positions, so as to prevent users from manipulating the market

when the number of positions or entrustments of users is too large, the platform has the right to require users to take risk control measures, including but not limited to cancellation of orders, closing positions, etc. The platform has the right to adopt measures including but not limited to limiting the total number of positions, limiting the total number of consignments, limiting the opening of positions, withdrawing orders, forcibly closing positions, etc. for risk control

3. Digital currency contract, also known as futures contract. In short, it means doing business in the future. Celletf provides such transactions.

4. This kind of platform is opened by swindlers, it is better, leeks are involved!

5. Byteassets is a leading cryptocurrency exchange in the world. Heyue102030 is headquartered in Singapore. In addition, there are three operation centers in the world, namely South Korea, Italy and Hong Kong, with a wide range of services and global market radiation
features of the platform heyue102030
first, a variety of mainstream data, such as BTC, LTC, BCH, LTC, dash, etc., on a variety of trading proct lines, perpetual contracts and second contracts, risk control marketing, and trading center will enrich more business types in the future
Second, multi platform terminal access, multi language support, covering IOS (app store), Android (Google play), windows, MAC multiple platform terminal access, supporting full-service functions. At the same time, we provide a variety of mainstream language choices for different customers< Third, multiple channels: support BTC, usdt and other currencies, visa, MasterCard, etc.
Fourth, 24-hour full-time online service, 7x24 hour online service, two-way transaction, online digital wallet server system and offline cold wallet system, real mutual transfer of wallet direct payment, providing convenient, safe and effective account transfer, settlement and other services for all transaction users, Ensure the safety and stability of users and high-quality trading experience
five, heyue102030 headquarters service is very good, packing rice 85 yuan

6. Chongqing jinwowo analysis and research: blockchain is based on the Internet, but its function is wider than the Internet. The main similarities of the two technologies are
:
(1) in terms of data transmission mode, the Internet and blockchain do not need centralized intermediary
(2) both technologies require users to access the Internet
(3) both technologies can meet the needs of multiple users in an organization.

7. Blockchain digital currency applications, such as bitcoin, can be traded.

8. Headquartered in New York, the exchange is regulated by NFA and nysdfs, and is hosted by a third-party bank
pure digital currency transaction does not involve capital flow. Customers' transactions are first concted by purchasing usdt from websites or mainstream websites such as Huo coin.com
the trading procts are six mainstream currencies: BTC (bitcoin), ETH (Ethereum), XRP (reborn currency), LTC (lightcoin), EOS and BCH