How BitPay System Works?

A brief and simple explanation about how our system works:

When you make a deposit, BATS system instantly uses it to place FOREX trades automatically depending on trading strategies of many experienced traders. At the time that BATS makes a profit from trading using your deposit, our system will credit your account with a part of that profit in real-time and retains the remaining part to the end of the day.

Every day at 23:59:59, our system calculates the interest rate of the day depending on the amount of total retained profits, and credites each account with a share of that amount in a certain way that ensures all investors get the same interest rate. It means that even if BATS system failed to make profits from trading using your deposits, your account would be credited with an interest rate at the end of the day, because BATS made profits from trading using other investors deposits.

Each account is connected to Automatic Withdrawal System that you can configure to make it place withdrawal orders for you automatically. You can set the value of the minimum amount of automatic withdrawal orders depending on your needs. When your balance exceeds that value, a new withdrawal order will be placed automatically and processed instantly.

Do you want a detailed and advanced explanation of how our system works?

OK. Read BitPay System In-Depth below.

 

BitPay System In-Depth:

BitPay system depends on four sub-systems in addition to the web server:

  1. Trading Strategies Provider
  2. BitPay Automated Trading System (BATS)
  3. Accounts Manager
  4. Automatic Withdrawal System

We will talk about each one of these four system to help you to undertand how BitPay system works.

Before we talk, it is helpful to see the diagram of our system and see how the sub-systems contacts each others.

This is the BitPay system diagram:

Let's start talking about each one of these sub-systems.

  1. Trading Strategies Provider (TSP)

Trading Strategies Provider (TSP) contains a list of trading strategies of many experienced traders. This system converts trading strategies to alogerithms and sends them to BitPay Automated Trading System (BATS), which can execute these algorithms to able to make the right decisions at the right time and place Forex trades automatically.

We update the trading strategies list by adding new strategies which can prove its success.

  1. BitPay Automated Trading System (BATS)

The BATS system is a powerful, smart and flexible automated system developed by us.

As you see in the diagram, BATS system is connected to TSP and Accounts Manager. It is also connected to global Forex market by API and a live forex rates service.

BATS monitors forex rates 24/24 and places Forex trades using API automatically depending on alogorithms received from TSP system.
The result of each Forex trade is sent to Accounts Manager system, which we will talk about next.

  1. Accounts Manager

We can say that it is the kernel of the BitPay system.

It has many tasks:

  • Processing all requests coming from web server (login, open an account, withdraw, deposit,... etc).
  • Processing Forex trades results coming from BATS in real-time.
  • Getting accounts data from database.
  • Updating accounts database.
  • Adding profits to accounts.
  • Calculating daily interest rate .
  • Validating withdrawal requests coming from web server.
  • Processing auto withdrawal orders placed by Auto. Withdrawal System.
  • Processing all other financial operations.
  • Telling the web server to send real-time notifications.

There is a point needs to be clearifed, it is how Accounts Manager works when receiving trading results from BATS:
When you make a deposit, the BATS uses your deposit to place Forex trades. At the time that BATS makes a profit from a Forex trade that have been placed using your deposit, it sends the result to Accounts Manager.
Accounts Manager credits your account with a part of that profit in real-time and retains the remaining part to the end of the day. At 23:59:59, Accounts Manager calculates the interest rate of the day depending on the amount of total retained profits, and distributes that amount to investors in a certain way that ensures all investors get the same interest rate.

It means that even if BATS system failed to make profits from trading using your deposits, your account would be credited with an interest rate at the end of the day, because BATS made profits from trading using other investors deposits.

  1. Automatic Withdrawal System

It is responsible for monitoring the accounts balances and placing automatic withdrawal orders.

Each account is connected to the automatic withdrawal system that you can configure to make it place withdrawal orders automatically. You can set the value of the minimum amount of automatic withdrawal orders depending on your needs. When your balance exceeds that value, a new withdrawal order will be placed automatically and processed instantly.

You can turn that service on/off depending on your needs.