We take security seriously and we built the platform with this in mind. The trading orders are executed on your behalf on the exchange and we don’t require withdrawal rights, so your funds are 100% secure.
We use scientific algorithms to determine buy and sell signals and update our strategies frequently to meet the market changes. However we can’t assure profit all the time. Even the most experienced traders lose sometimes. We also adopt a conservative view on market ups and downs; hence, sometimes you don’t see a huge increase in profit when the market is very bull, and vice versa we try to protect your assets when the market plunges. Crypto markets are very volatile, for this reason, unless you are an expert trader, we encourage you to and only manage the funds you are willing to lose.
We use a high-water mark system and charge a commission of 30% based on the monthly profit earned from trades made by OneBit API. Using the high-water mark method, loss from previous months will be deducted from current month profit, the balance of which will be used as the basis for the 30% fee. In this way, you will only be charged when achieving true earnings using OneBit. We will send you a bill of your current month’s profit and commissions in USDT by the 3rd of the next month. You need to transfer the fees in USDT directly from your Binance account to OneBit’s within 5 days.
OneBit API is currently designed for Binance exchange only, because Binance is the largest crypto currency exchange on the market and offers a full selection of crypto currency trading. Mostly importantly, Binance has a solid security system that protects users’ coins from hackers. We may consider applying our API to other popular exchanges at a later stage.
Yes, OneBit is not an open platform for crypto trading. We require a minimum deposit of an equivalent of USD10,000 cryptos in your Binance wallet before providing you access to the OneBit API. OneBit aims to service a select clientele circle in order to provide better and more focused service.
No deposits are needed on OneBit because we don’t store any coins for you. All your balances are always on the exchange side, so you have always full control of your funds, and you can ask for withdrawal on your exchange whenever you want.
Yes, the purpose of using OneBit is to let us do the trading for you. You can start with few basic configurations on the general settings. The tool takes no more than 10 minutes to have your account ready to start. OneBit also allocates your assets automatically among the popular cryptocurrencies so that you don’t need to define how much fund to invest per trade.
USDT is a Tether, which is a cryptocurrency tied to a fiat currency for stability. One USDT is worth $1 USD with a regular price swing of +/- 2% (because exchanges keep reserves of USD to back all USDT in existence). USDT can be spent, traded, or transferred, like Bitcoins or any crypto currencies. We choose trading pairs on USDT to evaluate your profit performance based on our trading strategies and the market movements relative to a stable reference currency.
When you are an advanced trader, you can manually change and configure your trades on OneBit system. We will exclude your manual trades from the profit calculation. You can also review profit statistics and trading strategies by coins or time and backtest OneBit’s strategy parameters.
Please use our LiveChat Support, or the contact form if you have any questions or requests, concerning our services. You can also connect with us here: