Renowned crypto proponent John McAfee has announced the launch of ‘Magic,’ a ‘revolutionary’ cryptocurrency trading multi-platform with advanced functionality.
Famous entrepreneur John McAfee, widely known as a crypto bull, cyber security expert, and – lately – US presidential hopeful, has just released a new cryptocurrency trading platform, McAfee Magic. The launch was announced in McAfee’s official Twitter account. The new trading tool will allow users to simultaneously trade digital currencies on multiple exchanges via a single user interface.
WE ARE UP!!!!!
The hackers are banished to the writhing mass of nothing from which they came.https://t.co/5jRN3sSyUg is up, live, and waiting for your caress.
I believe the wait was worth it. Tidbits of the Magic listed below. Enjoy my friends, followers and detractors. pic.twitter.com/xksFrVwUQm
— John McAfee (@officialmcafee) June 12, 2019
What’s The Magic?
The new trading solution is not a proper trading engine, and it doesn’t provide custody services. Rather, it represents an access point enabling both manual and auto trading with over 500 cryptocurrencies on a number of exchanges within a single dashboard. According to the McAfee Magic official website, pre-set automated bots can make hundreds of trades for a client on different trading platforms. Currently, the platform supports eight exchanges, including Binance, Kraken, Poloniex, Huobi, and Bittrex, which actually hold users’ digital assets.
McAfee Magic offers two portals. One is designed for classical spot trading and provides clients with a single powerful toolbar and a ‘standard set’ of trading tools. However, traders will ‘magically’ be able to use these advanced tools even if the exchange itself doesn’t have them.
The other service, Shadow Portal, will allow inexperienced users to copy and automatically follow the techniques of professional and successful traders. Here, there’s also some magic: “Novices retain control over access to their funds at exchanges. (‘Your keys’ your ‘crypto’),” the website claims.
In response to recent moves by Binance, McAfee Magic doesn’t have any jurisdictional restrictions for its users. The platform can be used in any region worldwide.
Why It Might Matter
The Magic’s launch might come under close scrutiny due to a number of reasons. Notably, this is a project of the renowned cybersecurity expert and creator of the popular antivirus. So, hopefully, it might offer its users increased security. “We are only releasing this platform to the public after extensive testing and auditing processes that stretched months,” McAfee explained adding they use top grade AWS servers and are DDOS protected.
It should be noted that before launch, Magic faced a prolonged DDoS attack. However, McAfee turned it into a joke and in a tweet thanked hackers for turning “an ordinary product release into an epic event.”
Besides, McAfee generally tends to grab public attention due to his eccentric personality and crypto enthusiasm. Just recently, he announced the upcoming launch his own coin Freedom that will be totally innovative and independent. McAfee is also determined to run for the USA president next year. Notably, at the same time, he is hunted by the US Internal Revenue Service (IRS) for tax evasion.
Do you believe in the magic of McAfee Magic? Let us know your thoughts in the comments below!