Magnr - Definition from the Hotspot Shield Encyclopedia
Magnr is a business that primarily operates in the trading of digital currencies, particularly Bitcoin, and also provides savings and investments opportunities for digital currencies.
The main features of Magnr include a trading platform that retailers can use to trade Bitcoins, and a interest savings account that is used for Bitcoins. Magnr is based in London, and was developed from the now defunct Btc.sx business. The trading platform allows retailers and traders to make leveraged trades for a small interest rate. Buying and selling on the platform can be processed with or without leverage, and any profits or losses generated through the open market will be passed directly to the customer - Magnr makes its money by charging a deposit fee per transaction.