On November 1, 2020, the Asian crypto community welcomed the launch of Bitterz LLC. The Japanese crypto exchange firm—a rarity in the industry—promises to provide a safe platform where users can continue trading bitcoin. With the help of a reliable, zero-cut system, they have created a digital environment ideal for anyone who aims to accumulate wealth efficiently.
Currently, the company caters to markets in China, Hong Kong, and Taiwan. This is not surprising at all considering that the continent is slowly beginning to accept cryptocurrencies. In fact, our very own Ethan Hunt recently wrote a story about Singapore and one of its biggest bank’s foray in the industry. According to the report, the Development Bank of Singapore (DBS) is keen on developing a new platform for buying cryptocurrency. This truly puts a spotlight on its potential in the global market and the lack of reliable trading platforms in the region. For its part, Bitterz jumped on a somewhat similar bandwagon to address this gap in the market.
Company structure
Bitterz is a Japanese limited liability company (LLC) that operates in St. Vincent and the Grenadines. For those who do not know, an LLC, or a limited liability company, is a type of business structure where owners are not personally responsible for the organization’s debts and liabilities. While intricacies vary from country to country, the general idea of an LLC is to draw a clear line that separates the owner and the brand. LLCs in the United States, for one, enjoy many other benefits like a flexible management structure and customizable ownership options, all of which bode well for cryptocurrency trading on the continent. Headquartered in the North American island nation of St. Vincent and the Grenadines, Bitterz takes advantage of setting up shop in a region that has the strongest asset protection structure.
Technology and security
As for their technology, Bitterz uses a specialized cryptocurrency tool called MetaTrader 5 (MT5). Given the rapid changes in the market, MT5 allows their platform to respond quickly, achieving a hassle-free trading environment in the process. It is a tool often used in trading foreign exchange, stocks, and futures. They also put a premium on user security, thanks to a 24-hour monitoring system that tracks deals and other activities, as well as a two-step authentication protocol that prevents unauthorized log-ins. Furthermore, with a multi-sig cold wallet, a user’s cryptocurrency holdings are insured and can only be transferred if multiple administrators give their approval.
Beginner- and user-friendliness
Another good thing about Bitterz its demo account. New investors can trade cryptocurrency without using real own money. It allows them to dip their toes in the water before fully committing to using money on the platform. In addition, Bitterz is currently planning on a launching a number of enrichment campaigns to attract potential clients. Right now, they are offering $50 worth of bitcoin to all customers who open an account. When it comes to its user-friendliness, aside from allowing budding investors to try out the system risk-free, they also reimburse users’ mining fees with MT5 credits.
All in all, Bitterz LLC seems like it has the potential to be a game changer in the cryptocurrency world. From having a well-established business structure, to incorporating advanced security tools, to providing the promise of excellent customer service, the company proving to be an online platform where consumers can truly learn and enjoy the whole crypto-exchanging experience.
