The Rock Trading Exchange Review : It Is Good Or Bad?

About The Rock Trading Exchange

The Rock Trading Exchange is a platform providing services related to virtual currencies, a cryptocurrency exchange to convert euros to cryptocurrencies (and vice versa), including the conversion of cryptocurrencies to other cryptocurrencies, that operates in a fully compliant environment with the European directives and regulations.

The Rock Trading Exchange journey started back In 2007 when Andrea Medri (CFO) and Davide Barbieri (CTO) founded “The Rock Insurance Co.,” a virtual Insurance company in “Second Life,” a sort of online virtual world, the first one of its kind. Since then, the company has evolved considerably, always under the same board of directors. Moving forward, and following several platform enhancements and decisions, The Rock Trading decided to change its core business

The Rock Trading Exchange in 2010, the ‘company’s name changed to “The Rock Trading” with a division dedicated to funds management and an exchange specialized in trading currencies and stocks. in 2011, the executive managers decided to explore new opportunities by pursuing an exciting field of the “trading” industry, the world of cryptocurrencies which it was in its earliest years at that time. After a few months of testing and building a stable platform, in June (2011), the first bitcoin was successfully traded on The Rock Trading platform, making it the first and oldest European cryptocurrency exchange. 

The Rock Trading Exchange Basic Points

How To Start ?

How To Sign Up At The Rock Trading Exchange ?

It Is Very Easy To Sign Up At The Rock Trading Exchange . Just Click On Sign Up Button At Website .Fill Registration Form With Correct Details Like Your Email , Phone Number , Password Etc . Once You Fill All Data You Get Verification Link At Your Email . Just Verify Your Link For Successfully Verification.

How To Deposit Fund At The Rock Trading Exchange ?

Once your account has been verified, click on the ‘DEPOSIT’ button, which you’ll find at the top right-hand side of the screen. Choose which currency you want to deposit and then you will be provided with the Wallet details that you need to transfer the funds to .

How To Trade At The Rock Trading Exchange ?

Once your account is funded, you can then begin day trading at Valr. Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area. You now need to select the trading pair that you want to trade. Finally, enter the amount that you want to buy, decide whether you want to do a ‘market order’ or ‘limit order’, and then place your trade.

How To Withdraw At The Rock Trading Exchange ?

Withdrawing your funds from Exchange.blockchain is very easy. Go to the “Withdraw” window, select the asset you want to take out and fill all the required fields. Note that you won’t be able to withdraw currencies if you haven’t secured your account with 2FA and/or whitelisted addresses.

Deposit and Withdraw Methods

The Rock Trading offer several methods to deposit (or withdraw) both for FIAT and crypto currencies.

Security

In order to protect as much as possible your funds, we recommend to enable all the following security measures:

• Two factor authentication (2-factor authentication – 2FA)
• Withdrawal PIN
• Trading PIN
• Atentions

The Rock Trading API (1.0.0)

The Rock Trading There are different groups of API: market, account, trading (of which margin trading is part of). Market (or “public”) API are useful to get market data: ticker, orderbook, trades. Account API can be seen as user account personal data (balances, ATM withdraw..). Trading API can be used to operate on the market, by placing orders or cancelling them.

Rate limiting

API calls are limited to 10 requests per second. Do not go over this limit or you will be blacklisted.

Trading Fees

The regular entry commission is equal to 0.20%. We offer discounts based on the amount of fees generated in the last month; those discounts can go up to 90%: with the highest discount level, the final fee is equal to just 0.02%! For any fees, or questions related to fees, refers to the official page:

Margin

The Rock Trading Margin trading let you borrow money to buy or sell more than you have. Do not margin trading if you are not an experience trader. Only some funds/currency pairs are enable for margin trading, and each one may have different leverage levels. You can go long, by simply placing an order with a leverage level specified (eg 3x). If and when the order is filled, a corresponding long position is opened. With a 3x leverage, you will only need 100 EUR for a 300 EUR trade;

200 EUR will be borrowed and will generate a commission (rollover fee), until the position is closed. To close a long position, you need to sell the quantity bought with it: you can do it by simply asking the system to close position, or you can partially and manually sell the corresponding quantity in the position balance, until it is closed.

Main Positions Close at Market

Close all open positions originated by a specific order ID. All open positions will be closed at market value. Any maintenance balance required, will be transferred automatically.

Trading

Trading API can be used to operate on the market, by placing orders or cancelling them

Place Order

The Rock Trading Place an order on the specified market, at specified conditions

Conclusion

July 2013 marks another important change for The Rock Trading: it became a certified Limited Liability Company, registered in Malta and founded by Andrea Medri (CFO) and Davide Barbieri (CTO), two entrepreneurs well known in the Italian Bitcoin community. Jumio (Safe Harbor Act certification) handles the steps needed to complete the verification of the customers in the fastest and safest way possible. They established an agreement with one of the safest Bitcoin wallets in the industry, GreenAddress: their exchange uses only multisig addresses and it allows zero-confirmation Bitcoin deposits, making it even faster to transfer the funds from your wallet to The Rock Trading. Another useful resource for clients is a prepaid card that can be ordered by every verified customer and can be loaded directly from the exchange, with the funds held on it.