If you are one of those traders looking for cryptocurrency exchanges, this article is for you.
The cryptocurrency market is having its best time of the year. Bitcoin continues to grow and many smaller-cap altcoins are doing well as well. Analysts Predict Crypto Exchanges And Bitcoin Are Ready For massive growthand this year the situation is starting to become a reality due to the ongoing COVID-19 pandemic.
Yes, there are not many industries that can develop during a pandemic. When the mainstream economy looks worse over time, the cryptocurrency space grows slowly but surely. After the cryptocurrency plunged again in early March, things have been on the mend since then. In fact, the price of BTC has been rising better lately than it did before the infamous March drop.
Following the price of Bitcoin and many altcoins are also enjoying their time of life. Many crypto traders are now starting to look for alternative crypto exchanges in order to get a better deal. We have more bitcoins entering crypto exchanges than leaving them.
So, if you are one of those traders looking for crypto exchanges, you can read this article further. Here are five of the most promising cryptocurrency exchanges in the world right now.
whitebit
WhiteBIT is one of the most promising crypto exchanges at the moment. It offers fiat-to-cryptocurrency transfer from euro (EUR), Ukrainian hryvnia (UAH), Russian ruble (RUB) and Turkish lira (TL) soon. It also offers a full derivatives market with 5x leverage (they plan to increase the maximum leverage to 15x in the near future). It is rare to see a cryptocurrency exchange that offers a full-fledged derivatives market and at the same time allows you to transfer fiat to cryptocurrency.
Better yet, their cryptocurrency withdrawal only takes a few minutes, although they store 95% of all cryptoassets in cold wallets. They care about the safety of their users while fulfilling withdrawal requests as quickly as possible. At the moment, WhiteBIT has more than 180 users, about 000 of whom are actively trading every day.
Level01
Level01 is a P2P exchange that is working to decentralize the massive derivatives market. The platform allows users to trade in a fair and secure environment using its revolutionary artificial intelligence algorithm known as FairSense.
The algorithm helps users trade like a pro by estimating the actual market value of the contracts they want to trade and providing them with a real-time fair price for everyone involved in the asset market. The exchange allows you to quickly execute trades that are settled using smart contracts using a hybrid trading engine that matches trades in the cloud. Users can trade derivatives and options on Forex, digital currencies, stocks, commodities and indices on the platform.
Users need a trading line in the level01 app that allows them to add assets from their personal wallets to the platform to fund transactions. The app currently accepts ETH, USDT, TUSD, DAI stablecoins and LVX native token. The token is now offered on Digifinex with USDT (LVX-USDT) and BTC is coming soon. LVX was added to CoinMarketCap.com last month and ranks as one of the best with a 68% ROI since being posted on CMC.
Namex
Namex is a fast growing cryptocurrency exchange that allows users to buy and sell cryptocurrencies with minimal risk. Signing up on the platform is quite easy and the platform does not require KYC to trade up to 3 BTC. On the exchange, users can buy cryptocurrencies using credit cards with fast deposits and withdrawals. The platform stores 99% of all funds with multi-signature cold wallets, and users can set up two-factor authentication to secure their accounts.
In addition, users have access to advanced order types and can trade 13 coins with 31 pairs. The platform charges low fees: 0,02% for unlimited trading, 0,01% for market makers, and offers discount cards for active traders. There is also an excellent referral program with eight types of bonuses for users. To make trading more fun, the platform hosts daily contests using demo accounts in which winners can be awarded up to $ 1000 in prizes. The exchange also has its own NMX token, which acts as a utility token on the platform.
FTX
Another promising exchange is FTX. It offers up to 101x leverage and has many creative tokens not found elsewhere. FTX was the first exchange to offer 3x BTC BULL, 3x BTC BEAR, 3x ETH BULL and 3x ETH BEAR tokens, which means your profit or loss could potentially be up to 3x compared to normal spot trading. As the name suggests, 3x BEAR means you will make a profit when the price of BTC or ETH falls. 3x BULL means you will make a profit when the price rises.
Unlike conventional futures markets, you don't need to worry about margin, interest and other obscure terms with these leveraged tokens. Basically, FTX allows you to trade on leverage without any technical knowledge. In addition to leveraged tokens, FTX also offers a standard derivatives platform, indices, and even hashrate futures.
Digitex Futures
Another very promising crypto exchange is Digitex Futures. It is a derivatives platform with a strong user base. The initial coin offering (ICO) of the DGTX token was launched in January 2018 to fund the development of Digitex Futures. However, the development itself took more than 2 years. Digitex Futures already has many fans and dedicated users, even before their official launch.
The main benefit of Digitex Futures is its zero trading fee policy. Unlike other derivatives platforms where you have to pay huge fees for every transaction, Digitex Futures does not take a fee from your transaction. If you are a scalper or high frequency trader, you might want to take a look at it. The exchange itself makes money by selling DGTX tokens from its treasury account.