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Author Topic: SIGEN is a cryptocurrency trading platform. Exchange, P2P platform and exchanger  (Read 176 times)

SIGEN

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SIGEN is a platform for trading cryptocurrency for any fiat currency in the world. Our name is derived from two words: SIGma + ENergy. Sigma (Σ) is the name of a Greek symbol that signifies knowledge. Energy is associated with vitality and constant movement forward.

Our platform gives you 3 options all in one place:

- Trade on an exchange. Trade cryptocurrency with others and earn money on fluctuations in the exchange rate. We charge a minimum fee and allow you to withdraw the cryptocurrency automatically and without any delays
- Buy/sell cryptocurrency for fiat money on our P2P platform. Your transactions are protected by ESCROW and Social Trust Scoring. You can use various currencies and payment systems.
- Exchange currency rapidly in 1 click without signing up. Use our exchanger to buy/sell cryptocurrency at the current exchange rate without bothering with trades.

In addition to minimal fees, safety, convenient and fast transactions, and automatic withdrawals, you will find online 24/7 support, the ability to create orders with multiple offers, a double affiliate program, and much more.

SIGEN is next-generation cryptocurrency trading!

Start trading right away SIGEN .pro

Manish

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Thanks for the Information! That is really helpful.


SIGEN

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Hidden Order: Why You Need It and How You Can Submit It​

For certain reasons, some investors prefer to hide large-size orders submitted for trading. These orders are the so-called “hidden orders”.

A hidden order allows the trader not to display the real number of buy / sell transactions for large amounts of cryptocurrency. This order is not displayed in the order book.

Creating a hidden order on https://sigen.pro/

On the Sigen.pro cryptocurrency exchange, you can create a hidden order whenever you fill up the “Buy” or “Sell” request. You can just tick the relevant checkbox, and the market players will not see your order.

According to research, hidden orders are a manifestation of growing trading activity on the market.



Finding a hidden order

Observant traders may notice the exchange has a hidden order out there. If you can see a certain number of buy or sell requests, but you can actually buy or sell more at the indicated price, it means a hidden order has been activated.

Moreover, the total volume of the order book will be larger than the amount of all visible orders. Finding hidden orders may be useful to amend the forecast for the cryptocurrency exchange.

SIGEN

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70% of cryptocurrency exchanges allow user accounts to have weak passwords. SIGEN does not.

The creators of the Dashlane password manager analyzed the password requirements imposed by cryptocurrency exchanges.

They concluded that over 70% of all cryptocurrency exchanges allow users to use weak passwords. This can actually be seen as indifference to users' welfare, because their savings are at risk: accounts with weak passwords are vulnerable to hackers.

What is required to make a strong password?

- A password must be at least 8 characters long;
- It must have both lowercase and uppercase letters;
- It must include numbers.

It turns out that only about 30% of cryptocurrency exchanges and trading platforms fully comply with these requirements. The remaining 70% do not. Moreover, 43% of the analyzed platforms allow passwords shorter than 8 characters, and 34% do not require both letters and numbers.

Exchanges are unlikely to earn a good reputation with such an attitude toward user accounts. We recommend that you do not open accounts on such exchanges and certainly never keep funds there.

The SIGEN cryptocurrency exchange cares about your security

The SIGEN cryptocurrency exchange imposes stringent password requirements that comply with established standards. Additionally, mandatory two-factor identification has been introduced on the platform, as noted in a previous article. These security measures can reliably protect your savings from thieves. Using the SIGEN platform is simple and safe: we care about you!

SIGEN

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Pumping: what it is and what to do

The unregulated nature of the cryptocurrency market allows crypto traders to engage in so-called "pump and dump" schemes, i.e. buying up and selling off cryptocurrencies on a large-scale.

What does "pump and dump" mean in simple terms?

A pump (pumping) looks like a sharp increase in a cryptocurrency's exchange rate. At some point, after the coin has reached a very high price relative to the beginning of the pump, the price of the coin falls sharply. This is called dumping, or a dump.

A pump and dump can be orchestrated by even one user on a single exchange if he or she has enough money to start mass buying followed by a massive sell-off.

But, of course, truly large-scale pumps are organized by groups of traders who coordinate their actions in advance and start manipulating the market at a specific time. The current "gathering place" for pumpers is social networks, where they special groups that coordinate their actions before and during a pumping / dumping operation.

Pumping is planned in advance and follows as scheme like this:

- "Positive" news, whether fabricated or overblown, is published on informational websites;
- Everything possible is done to bolster potential investors' interest in the breaking news;
- More and more inexperienced traders are brought in;
- The novices' hopes of price growth are stoked.

How to recognize pumping

The start of pumping can be easily seen on a particular cryptocurrency exchange based on users' activity in the local chatroom. Experienced traders start telling unbelievable stories about how the coin rate is growing and is about to start growing even faster, and that you need to buy it as soon as possible.

Before the pump, traders push cryptocurrency price so high that inexperienced players do not believe it might fall, so they continue to buy as the exchange rate rises. At some point, the pumpers stop buying, but inexperienced traders continue. Then the pumpers sell everything at a high price, and the exchange rate goes down. Then, inexperienced traders panic and sell what they bought.  Thus, pumping "victims" buy high and sell low. Meanwhile, the pumpers make a profit.

Follow the rules!

Inexperienced trader don't have to lose money during pumping if they follow a few rules.

- Don't buy coins if the rate has instantly increased by more than 20%.
- Don't sell coins after there has been a brief price surge followed by a decline or contraction, since it will likely be followed by growth.
- Don't believe sensational news, especially if traders are spreading it in chatrooms.
- And, of course, don't use all your savings to buy coins when the price rises.

In any case, whether or not pumping is happening, cryptocurrency trading requires caution, experience, and common sense. So consider each step carefully. We wish you successful trades and profitable investments!


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