Absconded

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BISS.COM

China

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Absconded

Absconded|2-5 years|Suspicious Regulatory License|High potential risk
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No effective regulatory information has been founded yet, please pay attention to the risks!

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BISS.COM
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Previous Detection 2024-03-29

This Project has been verified to be illegal Project and all of its licences have been expired, and it has been listed in WikiBit's abscond list; please be aware of the risk!

It has been verified that this Project currently has no valid regulation, please be aware of the risk!

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Overview of BISS.COM

BISS.COM is a cryptocurrency exchange platform founded in 2018 with a focus on blockchain-related projects. Its aim is to provide a secure, efficient, and user-friendly platform for users worldwide. The founding team is a diverse group of professionals with a broad range of expertise. They include experts in blockchain technology, financial services, IT, and operations. Despite being relatively new to the blockchain scene, BISS.COM has made noticeable strides in developing and implementing innovative solutions for cryptocurrency trading.

Overview of BISS.COM

Pros and Cons

Pros Cons
Solid founding team with diversified expertise Relatively new to the market
Focus on blockchain related projects Limited reputation and track record compared to well-established exchanges
Secure platform for transactions Less customer trust and recognition in the industry
Efficient and user-friendly user interface

Pros:

1. Solid Founding Team: BISS.COM's team is composed of professionals with rich and diverse knowledge ranging from blockchain technology to financial services. This multifaceted expertise forms a robust backbone for the company's operations and strategic decision-making.

2. Focus on Blockchain-Related Projects: BISS.COM stands out for its specific emphasis on blockchain-based projects. This focus allows them to provide specialized trading services, potentially appealing to niche markets associated with these types of investments.

3. Secure Platform: The platform is designed to provide secure transactions, a critical factor for users in the world of digital currency. Their emphasis on security provides users with the confidence that their investments are protected.

4. User-Friendly Interface: BISS.COM's platform is noted for its efficiency and user-friendly navigation. This can be a major advantage in attracting and retaining users, especially those who may be newer to cryptocurrency trading.

Cons:

1. New to the Market: Given its inception in 2018, BISS.COM is relatively new in the blockchain field. This may lead to hesitations among users who prefer to deal with platforms with a longer track record.

2. Limited Reputation and Track Record: As a new entrant to the market, BISS.COM has not yet established as robust a reputation as older, more established exchanges. This could impact their user base expansion and overall market perception.

3. Lesser Trust and Recognition: Industry recognition and customer trust are crucial in the digital asset trading industry, especially since transactions involve high stakes and risks. BISS.COM needs to invest more in building its brand to gain wider recognition and trust in the industry.

Security

BISS.COM invests in a suite of security measures to safeguard user assets and data. The platform employs industry-standard security protocols and practices to ensure a secure trading environment. These measures typically include encryption of sensitive data, two-factor authentication (2FA) for login and transactions, cold storage of user assets, and regular system audits.

Encryption is designed to protect user data by transforming it into an unreadable format. This is crucial to secure personal information and transaction data and prevent unauthorized usage.

The implementation of two-factor authentication (2FA) adds an extra layer of protection to user accounts. It requires users to provide two different authentication factors to verify their identity, reducing the chances of accounts being compromised.

Cold storage refers to the practice of keeping user assets offline when they are not being utilized for transactions. This isolates the assets from potential threats and hacking attempts on the internet, ensuring their safety.

Regular system audits are a proactive way to identify potential security flaws and address them timely. They help in ensuring the system is up-to-date with the latest security patches and updates.

While these security measures form a solid foundation, no system can guarantee absolute security, as risks in the digital realm continue to evolve. The company should remain vigilant and continuously improve its security framework to tackle emerging threats. Though relatively new, BISS.COM must prove its security competency to build trust among its users and stand with well-established exchanges in terms of security.

Security

How Does BISS.COM Work?

BISS.COM operates by facilitating the buying and selling of various cryptocurrencies, similar to a traditional stock exchange. Users can create an account on the platform, after which they'll be able to deposit their chosen form of cryptocurrency into their account wallet. Once the funds are verified, users can start trading with other users on the platform.

The platform offers a variety of cryptocurrencies to trade with, and each cryptocurrency has its individual trading pair. Users can make their trade decisions based on the real-time market data available on the platform, which includes price fluctuations, trade volumes, etc.

When a user places an order, it goes into the order book, waiting to be matched with the opposite order. For example, a sell order will be looking for a matching buy order on the same cryptocurrency and vice versa. Once the orders are matched, the transaction takes place, updating the respective account wallets. The finalized transaction details are then recorded into the blockchain.

In terms of money withdrawal, once the user initiates this, the platform will perform a series of security checks to verify the authenticity of the request before the funds are released.

It's important to note that like other crypto exchange platforms, BISS.COM charges a fee for its services, which can vary based on the user's trading activity and the type of transaction.

What Makes BISS.COM Unique?

BISS.COM introduces several unique features to enhance the user experience and operational efficiency.

Firstly, BISS.COM has integrated a mechanism that unlocks several types of Value-Added Services (VAS) for its users. These include using the platform token BISS (BSS) for access to professional investment research reports, participating in Scrip Dividends Plans, or getting VIP client services.

Secondly, it showcases a unique feature titled 'BSS holder rights.' This design means that token holders have the privilege to share part of the platform's revenue, which could potentially incentivize more users to hold BSS tokens and participate in the platform's offerings actively.

Thirdly, BISS.COM provides IEO review service. Initial Exchange Offering (IEO) is a novel crowdfunding mechanism within the cryptocurrency market where a cryptocurrency exchange platform conducts the token sale. The IEO review feature gives users insights about IEO projects assisting investors in making informed decisions.

Lastly, BISS.COM offers an optimized and customizable user interface. The interface design caters to both beginners and professional traders by offering both a simple, straightforward interface for beginners and a more complex, detailed one for professional traders.

How to sign up?

To sign up on BISS.COM, follow these steps:

1. Visit the BISS.COM homepage through your web browser.

2. Click on the “Sign Up” or “Register” button, usually located in the top right corner of the webpage.

3. Fill out the registration form with your details. This often includes your email address or phone number, which will be used as your username, and a password. You might also need to set a fund password, which is used for transaction confirmation.

4. You will typically need to agree with the platform's terms of service and privacy policy before you can proceed.

5. Click “Sign Up” or “Register” to submit your information.

6. You will likely be required to verify your email address or phone number to secure your account. Typically, a verification link or code will be sent to the email address or phone number you provided. Follow the instructions to complete this step.

7. Once your account is verified, you can then log in to your BISS.COM account.

Remember to set a strong and unique password for better account security. Keep in mind that the process might have variations based on the platform's policy changes or security implementations. Always follow the most recent guidance provided on the platform's website.

How to sign up

Can You Make Money?

Through participating in BISS.COM's platform, clients potentially have the opportunity to make money through different methods. These could include trading cryptocurrencies, holding the platform's BISS (BSS) tokens for dividend sharing, and utilizing Value-Added Services (VAS).

For trading cryptocurrencies, users could earn profits if they manage to buy low and sell high, although this requires a good understanding of market trends and a certain degree of risk. Users should do thorough research and consider their risk tolerance before making any trading decisions.

Clients could also potentially earn through the BSS token dividend-sharing program. BISS.COM dedicates a portion of its revenue to BSS holders. However, the actual earnings can vary as it depends on several factors including the platform's performance.

Through Value-Added Services, users utilizing professional investment reports, and participating in Scrip Dividends schemes or VIP services could potentially get more profitable investment opportunities.

However, earning money on any exchange, including BISS.COM, is subject to numerous factors including market volatility, individual understanding of the market, timing, etc. It's advisable to approach them as investment opportunities with their inherent risk, rather than guaranteed means to earn money.

Always remember to invest only what you can afford to lose and continually educate yourself on cryptocurrency trading and the blockchain industry.

Conclusion

BISS.COM, despite being new to the blockchain industry, displays promising strategies and features. With its focus on blockchain-related projects, user-friendly interface, an efficient security system, and unique offerings like Value-Added Services and BSS holder rights, it caters to the needs of a diversified class of users. However, challenges remain in gaining industry recognition, building customer trust, and proving their competency in security. Its critical to reiterate investing in cryptocurrencies involves risks, therefore potential users should be aware of such risks and conduct thorough research prior to dealing with any cryptocurrency exchange, including BISS.COM.

FAQs

Q: What is the background of BISS.COM?

A: BISS.COM is a cryptocurrency exchange platform established in 2018, run by a team of professionals with extensive knowledge in fields such as blockchain technology, financial services, and IT.

Q: What are the pros of using BISS.COM?

A: The platform benefits from its strong founding team, their emphasis on blockchain-related projects, robust security mechanisms, and an intuitive interface.

Q: What are the cons of using BISS.COM?

A: Drawbacks of BISS.COM include its relative newness to the market, a limited reputation compared to older exchanges, and a lack of industry recognition and customer trust.

Q: How secure is BISS.COM?

A: BISS.COM prioritizes safety, adopting several security measures such as data encryption, two-factor authentication, cold storage for assets, and routine system audits.

Q: How does BISS.COM operate?

A: BISS.COM functions by facilitating the trade of various cryptocurrencies, involving depositing funds, placing orders, and recording these transactions to the blockchain.

Q: Can one profit through involvement in BISS.COM's program?

A: Yes, clients have the potential to earn through cryptocurrency trading, dividend sharing, and utilizing Value-Added Services; always considering the inherent risks associated with these.

Q: Can you sum up your evaluation of BISS.COM?

A: BISS.COM presents promising features and services, despite being new in the blockchain industry, yet, struggles with gaining wider industry recognition and trust; hence, potential users should consider the associated risks and conduct their due diligence.

Risk Warning

Investing in blockchain projects carries inherent risks, stemming from the intricate and groundbreaking technology, regulatory ambiguities, and market unpredictability. Consequently, it is highly advisable to conduct comprehensive research, seek professional guidance, and engage in financial consultations before venturing into such investments. It's important to be aware that the value of cryptocurrency assets can experience significant fluctuations and may not be suitable for all investors.