Notification of the official launch of BitOSL

Dear Users:
We are very excited to announce that BitOSL is now live! After a long period of development and testing, we are committed to providing a safe, convenient and innovative cryptocurrency trading platform for users around the world. We would like to welcome all users to join our community and experience a brand new trading service.

Platform Features:
Multiple Cryptocurrency Support: We support trading of multiple major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and more.
Security: We use industry-leading encryption technology and multiple security measures to ensure the safety of your funds and personal information.
Extremely fast trading experience: The new trading engine ensures that orders are matched quickly and smoothly, helping you capitalize on market opportunities.
Low Transaction Fees: We offer the most competitive transaction fees in the market to help you save costs in trading.
User-friendly interface: Simple and easy-to-use interface design, suitable for both novice and professional traders, bringing a smooth operation experience.
On-line activities: In order to celebrate the official launch of the platform, we will launch a series of exciting activities, including but not limited to:
Recharge: During the campaign period, users who recharge any amount will enjoy up to 5% cashback.
Trading Competition: Participate in our trading competition to win great prizes and platform tokens.
Important Notes:

Currencies supported by the platform: Initially, we support Bitcoin, Ether, Ripple and other major currencies, and in the future, we will continue to add more currencies and trading pairs according to user demand.
KYC Identity Verification: In order to ensure the security of transactions, all users are required to carry out KYC identity verification before conducting large-value transactions. For details, please login to the platform for identity verification.
How to start using BitOSL:
Register for an account and complete authentication.
Charge your cryptocurrency and start trading.
Participate in our events and enjoy exclusive offers!
We are very much looking forward to exploring the infinite possibilities of cryptocurrency with every user. Thank you for your support and trust. If you have any questions or suggestions, please feel free to contact us through our official customer service channel. We will be happy to assist you.

BitOSL Team
 
March 15, 2024

2024-03-15 18:09:21

Notice on the Suspension of USDT Recharge Function

Dear users:
          Due to system upgrade, the platform will suspend the USDT top-up function at 12:00 (UTC+8) on June 21, 2024, which is expected to last for 24 hours. During the suspension period, users will not be able to recharge via USDT, but can continue to recharge and trade other currencies. Please arrange your top-up needs in advance during this period.

We will do our best to minimize the impact of the system maintenance on users, and the resumption time will be announced later. Thank you for your understanding and support, if you have any questions, please contact us through customer service.

BitOSL Team

June 21, 2024

2024-06-21 23:39:23

BitOSL Platform Security and Stability

BitOSL, as a sub-platform of OSL Exchange focusing on contract trading, always puts the security of users' assets and the stability of transactions in the first place. We are well aware that contract trading involves higher risks in the cryptocurrency market, so the security and stability of the platform is one of our core objectives for continuous optimization and development.

I. Top Security

Multiple encryption technologies: BitOSL utilizes the most advanced SSL/TLS encryption protocol to ensure that all user data and transaction information is strictly protected during transmission. In addition, the platform uses AES-256-bit encryption technology to encrypt and store user assets, ensuring that user funds are protected to the fullest extent possible, even in extreme circumstances.

Separation of Cold Wallet and Hot Wallet: We store most of the funds in the cold wallet to ensure that it is isolated from the Internet, thus effectively preventing hacker attacks. Only a small amount of funds are kept in the hot wallet for liquidity needs for daily transactions, reducing security risks.

Multiple Authentication: To ensure account security, the Multiple Authentication (MFA) feature. Users must go through multiple verification processes when logging in and making fund transfers, further enhancing account security.

Risk Control System: We have established a comprehensive risk control system that monitors trading behavior in real time and performs automated risk assessment. Through intelligent algorithms, the system can effectively prevent malicious transactions, wash trades and other behaviors, providing users with a more fair and secure trading environment.

Stability Assurance

High-performance trading engine: BitOSL adopts the industry's leading trading engine to support high-frequency trading and large-scale trading order processing. Our system is capable of responding quickly to the ever-changing market environment, ensuring that users' trading requests can be matched instantly and avoiding the loss of market opportunities due to system delays.

Globally Distributed Servers: In order to improve platform stability and stress resistance, BitOSL utilizes a globally distributed server architecture. By deploying data centers in different regions, the platform is able to maintain high availability and effectively respond to traffic fluctuations, ensuring that users can enjoy a stable trading experience no matter where they are in the world.

24/7 Monitoring and Support: Our technical team conducts 24/7 monitoring to track the platform's performance and security status in real time, ensuring that the platform is always in optimal operating condition. In addition, BitOSL provides 24/7 customer support to help users solve any problems.

Compliance and Transparency

As a platform under OSL Exchange, BitOSL strictly abides by the compliance requirements of the global financial industry and is committed to providing users with a transparent and trustworthy trading environment. The platform regularly publicizes security audit reports and welcomes independent assessments by third-party security agencies to ensure the transparency and fairness of platform operations.

Through powerful security technology, stable system architecture and strict compliance management, BitOSL is committed to providing every user with a safe and stable contract trading platform, so that users can trade with confidence and seize market opportunities.

BitOSL Team
 
August 22, 2024

2024-08-22 23:48:40

Confidentiality of the BitOSL platform

The BitOSL platform attaches great importance to the confidentiality of user data and transaction information and has taken multiple measures to ensure that user privacy is effectively protected. The platform is committed to providing a secure and private trading environment through advanced technology and strict security protocols.

Data Encryption
BitOSL utilizes industry-leading encryption technology. All users' personal information and transaction data are encrypted and transmitted via SSL/TLS to ensure the confidentiality of data during transmission. In addition, user funds and account information are stored with AES-256 bit encryption to further enhance data security.

Strict Privacy Policy
The BitOSL platform complies with international data protection laws and strictly controls the collection, storage and use of personal information. The platform promises not to disclose users' personal information to unauthorized third parties unless required by law or authorized by the user.

Anonymous Transaction Protection
BitOSL provides users with multiple identity authentication to protect account security while ensuring the confidentiality of transaction information. The platform is committed to safeguarding the user's trading activities from disclosure and ensuring that privacy is not violated.

No Log Policy
BitOSL follows a no-log policy, whereby the platform does not record users' transaction history or IP addresses, except in order to comply with legal and regulatory requirements. This initiative further enhances the confidentiality of the platform and enables users to enjoy a higher level of privacy protection.

In conclusion, BitOSL has adopted multi-layered protection measures in terms of user privacy and data security to ensure that users' personal information and trading activities are always closely protected when trading on the platform.

BitOSL Team

January 18, 2025

2025-01-18 23:55:51

About BitOSL platform only support USDT, BTC, ETH recharge and withdrawal instructions

At BitOSL, we are always committed to providing users with an efficient, safe and convenient trading environment. In order to ensure the liquidity and stability of the platform as well as the safety of users' assets, we currently only support the recharge and withdrawal of USDT, BTC and ETH. There are many considerations behind this decision, and the following are the specific reasons why we chose these three currencies.

1. High liquidity and market depth
USDT, BTC and ETH are the most liquid cryptocurrencies in the global market, they have wide support and active trading volumes on all major exchanges. As the two cryptocurrencies with the highest market capitalization, Bitcoin (BTC) and Ethereum (ETH) have deep market depth, high trading volume and relatively transparent price fluctuations, providing users with a more stable trading environment. USDT, as a stablecoin, is closely pegged to the U.S. Dollar, which can effectively minimize the impact of market fluctuations on users' funds, especially in extreme market conditions, and the stability of USDT's value allows users The stability of USDT's value allows users to better manage their risks, especially in extreme market conditions.

The strong liquidity of the currency can ensure that in the process of recharging and withdrawing funds, users will not encounter the problem of funds not being able to transfer quickly or not being able to complete the transaction. In addition, the platform's fund management and clearing process can also be carried out more smoothly, thus improving the efficiency of the entire exchange and the user's trading experience.

2. Security of Funds
The security of the platform's funds is always our main concern. USDT, BTC and ETH are mainstream cryptocurrencies that have been proven in the market for many years, and their technology and security have been widely recognized. Bitcoin and Ether, as decentralized blockchain projects, have strong network security and anti-attack ability, while USDT, as a stablecoin, has gained wide trust from global users for its value and blockchain technology. Compared to some of the colder or emerging cryptocurrencies, these three coins have lower market risks and can effectively reduce potential threats from hacker attacks, network vulnerabilities and other factors.

In terms of asset storage on the platform, BitOSL uses a combination of cold and hot wallets, with most user funds stored in cold wallets to prevent hacker attacks. The security of these mainstream coins also greatly reduces the risk of potential fund loss.

3. Simplified operation and user experience
In order to allow users to trade more smoothly on the platform, we have chosen USDT, BTC and ETH as the only supported currencies for top-ups and withdrawals. First of all, these three coins have wide market support worldwide, and users can freely access and switch between them on almost all major exchanges and crypto wallets without worrying about the cross-platform switching process and high fees. This simplified operation process allows users to more conveniently carry out the flow of funds, enhancing the overall trading experience.

Second, in response to market demand and users' trading habits, BitOSL focuses on these three mainstream coins, avoiding the increased complexity of platform management due to supporting a large number of coins. By focusing on these mainstream currencies, the platform is able to focus more on optimizing the trading pairs of these currencies, improving trading depth and market stability.

4. Reduced Risk and Compliance
As the legal and regulatory environment of the global cryptocurrency market is still evolving, the compliance of the BitOSL platform is an important consideration in our operations. USDT, BTC, and ETH, as the most legitimate and transparent coins in the market, have received the attention and recognition of the regulatory bodies in various countries. By focusing on these three mainstream currencies, the platform can better ensure compliance and meet the regulatory requirements for digital assets everywhere. Supporting a large number of coins that are less mainstream or have not yet received regulatory approval can pose legal and compliance risks, and BitOSL avoids potential legal and compliance issues by restricting top-ups and withdrawals to coins.

BitOSL chose to support only USDT, BTC and ETH as top-up and withdrawal currencies based on a number of considerations. First, these three currencies have extremely high market liquidity and depth, which can ensure smooth transactions on the platform; second, they are widely proven in terms of security and stability, which reduces the risk of the platform's assets; at the same time, supporting these three mainstream currencies can simplify the user operation and improve the trading experience; lastly, restricting the choice of currencies helps to ensure the platform's compliance and reduce the potential risks. Through this measure, BitOSL is able to provide users with a more efficient and secure trading environment, helping them to better cope with market fluctuations and manage risks.

BitOSL Team

February 8, 2025

2025-02-08 17:05:02