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May 18, 2022

bitoftrade’s Newest Integration: Fantom, Binance Smart Chain, and Avalanche

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You may have seen that we’ve recently added Polygon Network to our platform. If you haven’t, you can read all about it here. We’re thrilled to announce that we're expanding our horizons even further. You can now trade on Fantom, Binance Smart Chain, and Avalanche networks directly from the bitoftrade platform. What do these new integrations mean for our traders? You can trade on our platform with your favorite networks!

Our integration with Fantom network: high speeds with low fees

Fantom network is a layer-1 blockchain that aims to provide high trading speeds with low fees. It runs on a directed acyclic graph blockchain. Importantly, this is how it achieves high speeds and the blockchain’s transaction histories are displayed as a hashgraph.

Fantom has a leaderless consensus mechanism (Lachesis). This means that Fantom’s blockchain nodes can validate transactions independently, without having to work through a queue of transactions. On most blockchains it can take several minutes to clear a transaction. However, with Fantom, it takes an impressive two seconds.

The Fantom token (FTM) is available as a BEP-20 token and an ERC-20 token, and you’ll be able to swap trade on the bitoftrade platform.

You can send your assets from one chain to another using this cross-chain bridge.

Our integration with Binance Smart Chain network: cross-chain with low latency and high capacity

What is Binance Smart Chain (BSC)? It’s a blockchain network built for running smart contract-based applications. The platform aims to enable developers to build DApps. Additionally, the network helps users manage and move their assets cross-chain with low latency and large capacity.

BSC runs parallel with Binance’s native token Binance Chain (BC). Users can enjoy high transaction capacities along with smart contract functionality.

Move your digital assets from one blockchain to another with this cross-chain bridge.

Our integration with Avalanche network: speed and scalability

What is Avalanche? It’s a blockchain platform that uses smart contracts to support a variety of blockchain projects. It aims to be secure, versatile, fast, affordable, and accessible. Interestingly, Avalanche is an open-source project—meaning anyone can contribute (and view) the platform’s code.

Its native token (AVAX) secures the Avalanche network and is a basic unit of account among blockchains within the Avalanche network. Additionally, AVAX is used to pay transaction processing fees.

The Avalanche blockchain can process an astonishing 4,500 transactions per second. Additionally, you can transfer your digital assets from one blockchain to another easily with this cross-chain bridge.

But wait, there’s more!

Fantom, BSC, and Avalanche all complement our current connected networks and they’re compatible with the Ethereum Virtual Machine (EVM). This means you can connect your Metamask and swap their native tokens on the bitoftrade platform. Together they increase swap trading speeds on our platform, lower transaction fees, and give you access to swap even more tokens on our platform.

In addition to our recent integrations, we are expanding our platform even further to streamline your trading experience. New trading features will be coming to bitoftrade very soon, including stop-loss and hedging.

At bitoftrade, we want to make trading the easiest process possible. This is why we have our ‘Request a Feature’ page, where you can submit ideas for the platform. Have your say on how you trade. You can also vote on other users’ suggestions. Help us be the best we can be for you by suggesting a feature.

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Visit our website to start trading on bitoftrade.

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