ZoneBitcoin EditorialYou may have already heard of it, especially if you are a fan of copy trading. It is indeed an increasingly popular concept with crypt holders (and FIAT too). Besides, I would like to tell you that the platform Diabolo Trading, no longer only offers copy-trading.
The company offers 3 main services that we will present here and you can always use the platform to do copy-trading if this is the option that interests you.
First, we will introduce you to the company and find out what interesting things we can do with our cryptocurrencies. We're planning a tutorial-type article next, so don't panic if this still seems a little unclear to you.
Then, as always, we will give you at the end of this article our opinion on Diabolo Trading. If you are ready, then we can get started!
A French startup
We're not going to shout cocorico but we must say that innovative companies launching into the crypto field in France still remain very rare. Take a good look at the sites you use, and you will quickly realize that very often, they are American, Russian or Chinese sites, for the most part.
We also know that for some people, it is very important to know that we use sites where we invest our money (FIAT or crypto, whatever).
This also means and here again, it is not insignificant that the site is in French.
Likewise, the team members are indeed real and one can check their profiles on LinkedIn. Yes, we're never sure... And there, the team has a coherent and solid background. The founders come from the world of trading for example. We can already see that they set out with a certain knowledge of the environment in which they were going to set foot. And that can only reassure us.
What are Diabolo Trading’s services?
As we indicated in the introduction, initially Diabolo Trading was mainly copy-trading. To the delight of its users, the company has expanded its range of services.
There are three services found on Diabolo Trading.
We will therefore describe here what each service corresponds to: `You will thus be able to better choose the option that interests you the most. You can also, of course, use all 3 options at once!
Copy trading:
This, it seems to us, is the heart of the Diabolo Trading project. In principle, it involves following and imitating the actions of traders in order to automatically execute exactly the same positions as them. The Diabolo Trading team claims that they check their traders' performance for 60 days before displaying them on the site. The goal is then very clear: follow the best traders to achieve the same performances as them. It is ideal, of course, for beginners who want to make profits in a simple and automated way.
Because, in fact, becoming a trader is a job in itself and it requires strong knowledge and a certain mastery of your emotions. It is not for nothing that it is estimated that 90% of traders lose on the markets. You don't become a trader overnight, as you certainly know. Likewise, it is not only interesting for beginner traders but also for more experienced ones. For what? Well, copy trading helps automate the process. No need to check your charts all day long, you can follow a professional and successful trader without having to do it yourself.
The management fund:
This is the activity of pure management funds, in a way. One can buy the company’s token (DCASH) as an investment. 30% of the amount will be reinvested automatically in the top 3 traders. In some ways, this can be an interesting option if you want to participate in the project and believe in the upside potential of the token. The fact that 30% is subsequently invested in the most successful traders can also prove to be lucrative without having to make any effort.
Performance tokens:
In this service offered by Diabolo Trading, it involves using Cash to obtain performance tokens from traders in return. The winnings you make will be returned to the DCASH token depending on the performance of the crypto traders.
How to copy trade on Diabolo Trading
So, the first thing to do before copy-trading is to first be registered on a crypto trading platform. Diabolo Trading allows you to do this with the platform Binance. Personally, this is good, because it is one of the platforms that we always recommend. Binance is the market leader and it is certainly one of the most complete (in terms of services).
If you don't know how to use an exchange platform in general, read our Binance tutorial.
Once you are registered, you will have several wallets but the one that interests us for copy-trading on Diabolo is the "spot Wallet". You can buy bitcoins directly by credit card or send your bitcoins or other crypto to your wallet via another platform.
In fact, you need 0,025 BTC to be able to start copy-trading on Diabolo.
You can also buy BNB (the Binance token) to reduce your trading fees. We advise you to do so, it is always better to reduce your fees and the BNB token is solid enough to obtain it without too much fear.
Once you are registered on the platform, you can then move on to the second step. This simply consists of connecting your two platforms together.
By returning to your Diabolo Trading interface, you will find by clicking on "Copy-Trading" in the tab on the left, the button "enter my API key".
The API key is a computer code, in a way, that will allow you to synchronize your Binance wallet with that of Diabolo Trading. Quite simply.
All you have to do is click on your Binance profile and click on “API Management”. There, you will be able to name your API. Once it is created, you will be given the API key as well as the secret key. Copy and paste your key and insert it on your Diabolo interface.
So! You will now be able to follow the most successful traders on the platform and no longer have to worry about anything!
What is the use of credits on the platform?
Once your accounts on Binance and DiaboloTrading are connected and synchronized. You can click on “copy-trading” and choose the traders of your choice.
However, copy-trading will not be activated if you do not have credit on Diabolo Trading.
The credits are used to pay the costs of the copy-trading service.
DIABOLO offers a win-win offer! No subscription, no entry fees, no management fees, no exit fees, no hidden fees, only 20% excluding tax of the net profits made thanks to our services.
Please note that you can read the information and trading strategies used and especially see the gains made so far and the estimated gains.
In fact, every first of the month, the site will deduct the credits used from your balance.
| Credits debited = | Gains – (Losses + Unrealized losses) |
The fee on winnings is 24%;
What is the DCASH token?
To finish this article and so that you have a clearer opinion on Diabolo Trading, it is important to talk about the ERC 20 token from Diabolo Trading.
Indeed, in fact, the famous credits we are talking about will very soon be replaced by the DCASH token. It is indeed. more consistent with all the services offered by Diabolo Trading.
You can also check out the WhitePaper to learn more, of course.
It seems to us that this is the token that will make possible the various services offered by the site. The advantages of owning this token are numerous:
- The possibility of generating passive income: More than 30% of DCASH is reinvested on the performance of the 3 best traders on the platform.
- Rarity to impact the price: DCASH will be repurchased by the company for 20% of turnover and a certain amount will be destroyed by the ICO. This is what will allow the value of the token to be worked on.
- The average returns are 5% on average per month, which will influence the number of users of the platform and give intrinsic value to the token, in the logic of things.
Conclusion on our opinion on Diabolo Trading
First of all, know that for this article, we are simply giving a presentation of the site. We are preparing a tutorial and a video soon as well.
We have of course tried and tested the platform before telling you about it. This therefore remains our opinion as always and we invite you to test the platform yourself, to get an idea. For us, and to give you our opinion on Diabolo Trading in summary: it is a good platform for investing and trying copy-trading, in particular.
It is also interesting for those who prefer to be a trader. The site allows you to earn 10% commission on net gains from all investors who follow them. This can therefore also be a good option for accumulating winnings.
And if you like copy-trading and you know, for example, Etoro, then this is definitely a good alternative for you.
We know that the company is currently preparing a ICO which will begin during the month of October. We will keep you informed of the rest!
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