PaulCrypto.com Interview with Overbit Ceo and Founder Chieh Liu
- Please tell us about Overbit.com, it’s goals and accomplishments?
Overbit is an easy-to-use Bitcoin margin trading platform, providing 100x leverage on crypto and 500x leverage on forex and commodities. Our goal is to provide the best trading experience for any type of trader, be it professional or novice traders.
- Currently what Crypto pairs and what Forex pairs do you offer?
Overbit offers 26 crypto pairs including BTC/USD, ETH/USD, XRP/USD and more.
We also offer more than 15 forex and commodities pairs and you can see the full list here: https://www.overbit.com/en/markets/
- What pairs do you plan to offer in the future?
We are planning to add more crypto and commodities pairs, such as TRON, Tezos for the crypto market and Oil for commodities. Please stay tuned to this space!
- KYCustomer — What countries do you accept customers from?
Overbit does not accept applications from residents of the United States of America, Quebec, Cuba, Iran, North Korea, Singapore, Seychelles, Crimea and Sevastopol, Sudan and Syria.
- KYCustomer — What prevents you from accepting customers orders from different countries in the previous question?
Mostly due to the regulation and political factors of those countries. We monitor closely their regulators and regulations and if the window of opportunity should ever open we would be keen to accept users from countries such as the USA, Singapore and the others mentioned above.
- KYCoins– What are your most active trading pairs?
The most popular and active trading pairs would be BTC/USD and almost over 80% of trading value comes from this pair.
- KYCoins– What are the most active trading time periods?
The active trading time period for Overbit’s platform is across the day as we cater to an international market. It can vary across the day and we can clearly see more activities going on after there is a sharp movement.
- KYCoins –For new traders what would be the best place to research the coins?
Check out their official websites, look at their LinkedIn profiles, read reddit posts and look at its market cap information before making your best judgement call. Do not put your trust fully into any news from social media, especially Twitter when making a purchase. Always do your research before committing to the buy.
- KYCompetition — How many competitors do you have? (Best Guess)
There are more than 200 namable crypto trading platforms and everyone is somehow everyone’s competitor either in the spot or derivatives market. Healthy competition is good especially for the trader in the end who can make better trading choices.
- KYCompetition — How do you set yourself apart from your competition?
Overbit, unlike other margin trading platforms, removes boundaries and barriers for traders, especially novice traders. Often, it is not the volatility of crypto markets that makes traders lose their profits, but due to the compatibility between traders and the platform. Overbit’s mission is to provide an easy-to-use interface and a seamless trading experience – for almost everyone to onboard it right away. So, if you are inexperienced in trading, do not fret, Overbit also provides a free demo account with 8 Bitcoin and 50,000 USDT for you to practice your trades. You can check out the demo account here when you sign up for a free account with Overbit.
- Your blog was very interesting to me, you have daily themes, which I think are like an easy reference point for readers, ie. “Monday Madness” and “Saturday Sitdown”, how did you decide on the blog post themes and can we expect more?
Overbit takes pride in contributing back to this industry and one way we do so is through education and insights. With that in mind, we decided to come up with a weekly 3 part series across three days in the week. They are:
i) Monday Madness
ii) Wednesday Worldview
iii) Saturday Sit Down
These types of market analysis articles are published 3 times per week and the intention is to let traders understand the market better, rather than absorbing inaccurate information from social media. If you are interested, you can check out our blog for these insights.
On a side note, if you are interested in more insights, Overbit launched a survey across 2500 crypto and forex traders from 90 countries, 5 continents. Read the survey results here.
- Is Overbit planning on expanding its platform further? If so, how and when?
We are going to launch both the Android and IOS mobile apps this year. This will not be just another app launch. The Overbit app will come with a lot of surprises including rewards and gamification style trading so watch this space.
Tier Points are our users’ favourites, and in the next update, we will introduce a new reward system to allow users to earn their Tier Points in a much faster way and earn BTC.
So, stay tuned as we have quite a lot in store for traders in the upcoming months.
About Overbit CEO, Chieh Liu
Chieh Liu developed a strong interest in blockchain and cryptocurrency while he was studying computer science at California State Polytechnic University in 2011.
After graduating, he worked as an advisor for several financial investment firms across several Asian markets for almost a decade. As an avid forex and crypto trader, Chieh realised that there was a gap when it came to trading across the various financial markets.
Chieh founded Overbit in 2017 and launched it in 2019 to become the world’s first cross-market trading platform.
To learn more about Chieh Liu, visit his social media profile here:
Margin trading carries a high level of risk to your capital and you should only trade with money you can afford to lose. Margin trading may not be suitable for all traders, so please ensure that you fully understand the risks involved, and seek independent advice if necessary.
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