Billium
(Photo : Billium)

Billium is a new cryptocurrency exchange that offers crypto investors and traders copy trading services. What is copy trading though?

Copy trading allows individual traders to directly copy the positions taken, opened, or managed by another, often expert trader. Copy traders choose the amount to be invested and the system copies the behavior/trades of the trader to be copied. This copying is done automatically and in real-time so the copy trader need not make any input or decisions on the trades to get identical returns to their chosen trader. 

Copy traders need only choose a trader from the available ones, agree to a profit sharing formula, connect their brokerage account and the system would do the work needed to identify and replicate their chosen trades. 

Currently several companies offer crypto copy trading platforms but Billium's differentiation comes from these main ways: the quality of its expert traders, a high level of security, real-time access for copy traders, treatment of flagged orders and liquidity aggregation.

Quality Expert Traders

Billium assures quality in its process for certifying expert traders. As part of the onboarding process, these experts have to provide their trades, statistics, strategies, and records. They go through a rigorous process where concrete proof of their expertise and previous success is provided to and validated by Billium. After the experts have been onboarded, their trades, statistics, strategies, and records are collated and displayed to copy traders who make their copy decisions based on what they see. 

By employing these quality assurance processes, Billuim ensures that it has a rooster of best-in-class expert traders and assures the safety of the investments of its copy traders by limiting the possibility of unprofitable trades to a minimum. The experts gain from profit sharing with highly motivated copy traders, the copy traders gain from an assurance of making profitable trades. 

High Level Security

Security is priority for Billium and this is evidenced by its employment of next level security measures on the platform. Instead of SMS codes or plain passwords, Billium uses two-factor authentication and Telegram codes to ensure account protection and ensure transaction security. The company has also stated its intention to perform constant audit and support from the best cyber security companies in the world.

Real-Time Access 

Trading success is often predicated on live access to unfolding information. Billium's algorithms provide real-time trade information updates to copy traders. This of course means that copy traders won't miss trades, change of plays or other decisions made by the expert traders they have chosen to copy. There is no lag or delay and copy traders are firmly empowered to make the decisions that would lead to profits for them.

Flagged Orders

Typically, platforms deal with suspicious or flagged transactions by freezing the funds employed on them and making them inaccessible pending a resolution of the flag. Instead of going down this road, when transactions are flagged in Billuim, the funds are sent back to the initiator or sender account. This way the traders are assured of the safety of their monies whether trades are approved or not. This is a remarkable divergence from current practices where the flagging of a transaction reason notwithstanding, often means the freeze and sometimes permanent loss of access to the funds employed in the transaction. 

Liquidity Aggregation

Billium promises a highly liquid order book or liquidity aggregator that draws liquidity data from the biggest cryptocurrency exchanges. The import of this is that the risk of slippage is virtually eliminated for users and as such users can seek maximum profit trades without fear of loss or slippage. 

On a final note, Billium provides access to APIs for trading robots, reliable order execution as well as high-frequency trading and scalping strategies. There are also plans to launch a native token called BILT in the coming months. Further, the company has announced that the mobile app will launch on the Play & App stores and that current forecasts indicate the probability of hitting hundreds of thousand users in its main regions in Turkey & Russia. They will also try to get a license to operate in Europe. 

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