If you are looking for new cryptocurrency exchanges, we recommend that you consider the following platforms that offer unique and innovative features.
Choosing a cryptocurrency exchange can be a difficult decision in 2020. After all, virtually all major exchanges offer the same feature set, look pretty much the same, and offer a similar range of trading pairs.
Despite this, a number of new platforms have emerged recently, seeking to reverse the trend and bring some innovation to the industry by introducing unique features not available anywhere else. Here are three of them that, in our opinion, are worth paying attention to.
NBX: Earn CashPoints for Norwegian Air
Norwegian Block Exchange, or NBX for short, is a new cryptocurrency trading platform that is designed to overcome the barriers to investing in digital assets by making them accessible to everyone.
Unlike many exchanges, NBX is available to users all over the world, making it one of the most affordable platforms in the world. Once registered, customers can fund their accounts in local currency or with Bitcoin, Ethereum, or dollar coins (stablecoins), after which they can trade in various cryptocurrency markets.
NBX is a fully regulated platform with a transparent operating structure and impressive security that provides users with absolute peace of mind when trading cryptocurrencies.
NBX also charges a low, flat commission on all trades, regardless of trading volume, ensuring all users trade on a level playing field and can focus more on making profitable trading decisions than calculating the fees they will be charged for.
While NBX stands out from the competition due to its ease of use, one of its main selling points is the potentially lucrative Norwegian CashPoints rewards program. For easy trading on the platform, NBX users will earn Norwegian CashPoints, which can be redeemed for flights, extra baggage and more on one of Europe's leading airlines, Norwegian Air.
If you've traveled with @Fly_Norwegian, you might have heard about #CashPoints rewards 😏
What if using NBX you could stack CashPoints on trading and use them to improve your flight experience?
1 CashPoint = 1 NOK 🔥
Imagine exchanging them for a ticket or extra luggage? Who's in?- NBX (@nbxcom) June 3, 2020
These awards are available to all users, regardless of their location. In July and August, NBX is running a double cashback promotion, which gives traders a whopping 20% cashback on all trades in the form of CashPoints.
PrimeXBT: Turbo Trading
Since its launch in 2019, PrimeXBT has gained popularity as a cryptocurrency trading platform due to the wide range of markets, features and tools it offers to its users.
The platform supports trading with a wide range of cryptocurrencies including Bitcoin, XRP and EOS, in addition to a host of other financial instruments including a range of commodities, stock indices, and forex.
Unlike other entries on this list, PrimeXBT is a trading platform known as a derivatives exchange. Essentially, this means that users are trading contracts that track the price of the underlying asset, rather than trading the asset itself, as in NBX. This allows for many interesting trading options that some traders may find useful.
For example, PrimeXBT users can trade these contracts on margin, which essentially means they can open more positions than they can afford by temporarily borrowing additional funds from the platform. The minimum margin varies from asset to asset, but can be as high as 100x for cryptocurrencies and 1000x for forex.
By trading on margin, PrimeXBT users can significantly increase their profits, but also their potential losses, so this feature can be a double-edged sword.
In addition to being able to trade with leverage, users also benefit from PrimeXBT Turbo's simple platform, which allows them to speculate on the cryptocurrency's price action (up or down) for ultra-short periods of time – perfect for those who want to trade regularly but don't have the time required to enter the market.
Uniswap: earn
Billed as a "fully decentralized protocol for the automatic provision of liquidity in Ethereum" Uniswap is a decentralized cryptocurrency exchange solution that allows users to transact completely without trust.
Unlike most other cryptocurrency exchange solutions, Uniswap does not maintain a centralized order book filled with buy and sell orders. Instead, Uniswap smart contracts have a reserve of tokens that are used to provide liquidity to traders. These tokens are supplied by a large number of liquidity providers.
Uniswap recently launched its V2 platform which brought with it a host of new trading pairs as well as several new features including flash swaps, manipulation-resistant price oracles and more.
At the moment, users can only trade Ethereum assets using swap. This includes Ethereum and any of the thousands of ERC20 tokens available. Users of other major crypto assets can also use Uniswap through packaged assets such as Wrapped Bitcoin (WBTC) and the potential upcoming Wrapped ZCash token.
Uniswap differs from other exchange protocols in that anyone can easily add liquidity to their pools and get a fraction of the 0,3% commission that traders pay for every trade they make.