Castore  DeRose

Castore DeRose

1667964120

Top 10 Crypto Exchanges with No KYC

KYC stands for “Know Your Customer” or “Know Your Client.” The obligation imposed on financial institutions (or, in the world of cryptocurrencies, exchanges) to carry out particular identity and background checks on their users before granting them access to their platform or product is referred to. Regulators use this system as part of a bigger collection of tools to combat money laundering and fraud worldwide.

Personal information that may be used to verify identities, such as an ID card, passport, or utility bill, is required for identity verification.

There are a lot of cryptocurrency exchanges available that allow trades without performing KYC and AML checks, offering complete privacy and anonymity. To protect yourself from fraud and scams, you should exercise extreme caution while selecting a cryptocurrency exchange and look into its history.

In order to shorten and simplify your task, we have compiled a list of trustworthy no-KYC exchanges with a solid trading platform for you to select from.


1. Binance

This is yet another top cryptocurrency exchange that does not require KYC; it accepts all Altcoins and allows users to access it anonymously. They are based in China and have more than 6 million users, however, due to several restrictions, they moved to Malta in the EU.

Binance was founded in July 2017 and was first situated in China, but due to the country’s stringent laws, it eventually relocated to Malta in the EU. Spot trading, derivatives trading, mining pools, financing, and branded cryptocurrency debit cards are all available on Binance.

The 8th-ranked BNB coin, in terms of market capitalization, serves as the fuel for the Binance ecosystem. It allows trading in a huge number of cryptocurrency pairs and offers up to 125X leverage on futures contracts.

Trading on Binance is the most affordable, and the users’ 30-day trading volume determines the trading charge. For the first level, the maker charge and taker fee are both 0.10%. Additionally, if you pay with BNB tokens, you are eligible for a 25% discount.

Binance does not accept deposits or withdrawals in fiat currency. The daily withdrawal cap for a non-verified account is 2BTC, which is a large amount. By submitting to identification verification, the daily withdrawal cap may be increased up to 100BTC.

Create an account now: Binance

All you need to open an account with them is an email address, and the good news is that spot trading is also allowed without any KYC. However, you should be aware that in order to use the site, users who trade larger amounts of BTC must complete KYC. Additionally, users from the United States would need to use Binance U.S. because they must update their KYC.


2. Bybit

Bybit is one of the best global crypto exchanges, and the best part is that it does not require KYC. Bybit has been around since 2018, and over 10 million customers around the world trade crypto on this platform, exceeding $10 billion of trading volume each day. Bybit has deep liquidity, 99.99% system functionality, and rapid trade speed of 100,000 trades per second.

Bybit is perfect for frequent traders, with 220+ coins and extremely low trading fees. Spot trading fees are only 0.1%, and derivatives trading fees are even lower, at 0.01% for makers and 0.06% for takers. There are plenty of advanced charts, technical tools, and trading options such as margin trading, with up to 100x leverage.

For those who are new to crypto and want an easy way to buy crypto with no KYC, Bybit also caters for you. You can use the fiat gateway to purchase crypto using various payment methods, such as Visa/Mastercard, Apple Pay, Google Pay, or bank transfer. If the crypto you want to is not available to buy directly, you can buy USDT and trade it for the coin of choice.

Bybit also looks after new traders with a testnet (demo) mode, where you can practise trading using virtual money. This is an excellent way to learn how everything works, and test out your strategies. The crypto prices in the testnet mode are exactly the same as the live crypto market, so your demo trades will be representative of a real trading environment. If you ever get stuck, you can contact Bybit's friendly customer support team via live chat 24/7.

Create an account now: Bybit


3. PrimeXBT

PrimeXBT is one of the decentralized exchanges without KYC and no trading limits. It offers trading services in forex, leverage, stocks, and crypto.

It offers access to different crypto trading pairs. They are Ripple, Litecoin, EOS, ETH, and BTC. Most trading assets are Bitcoin-based, and you trade them without KYC verification.

It has a customizable interface in which you can add order types, charts, and indicators. The different monitors are suitable for experienced and novice traders. PrimeXBT also works as a crypto scanner.

Create an account now: PrimeXBT

Its trading commission is uniform all through the platform. It is highly convenient because of the predictability of the trading fees. You need an email address to register and manage your personal account information.


4. MEXC

Create an account now: MEXC

MEXC is the best no-KYC cryptocurrency exchange for US citizens. One of the most well-known cryptocurrency trading platforms is MEXC, which has a lot to do with the fact that it has more than 2110 markets to choose from! With trading costs of only 0.2% for spot trading and only 0.02% for futures trading, they are fairly reasonable.

Another great MEXC feature is copy trading, which enables users to emulate the trades of profitable investors automatically. This is excellent for novice traders as well as seasoned traders who don’t want to spend time learning about the market and performing technical analysis. The platform offers several friendly including free $25 USDT plus 10% off trading fees, over 1,520+ coins, 2,110+ trading pairs, spot, margin, and futures trading available. Also, MEXC offers low fees of 0.2% for spot trading and 0.02% for futures and copy trading.


5. KuCoin

In September 2017, KuCoin began offering its services, becoming the top alternative coin exchange. The exchange features a number of high-caliber cryptocurrency projects that have the ability to transform the market completely. Additionally, it seeks to give users a very safe and practical trading environment.

IDG Capital and Matrix Partners, two VC firms, have successfully invested in the exchange.

The exchange is an expert in lending, staking, derivatives, mining pools, spot trading, and margin trading. More than 400 distinct markers are available for trade, and its trading charge structure is extremely affordable. The exchange only allows trading pairs between crypto assets, and its daily trading volume is close to $100 million.

The KuCoin platform has a number of important features, including a robust API interface, bank-level asset security, a quick trade matching engine, affiliate networks, and bonuses.

Both the maker and taker fees are 0.1%, and KCS holders are eligible for a 20% discount and no deposit fees.

Create an account now: KuCoin

For those who prefer to automate their trading, KuCoin even offers FREE trading bots on its site. Spot Grid, Futures Grid, Smart Rebalance, DCA, and Infinity Grid are among the bots that you have access to. As the trades will be completed depending on your settings, without further input from you, you will be able to profit from market swings even when you are offline by employing these bots. The fact that KuCoin offers trading bots for free is a huge plus, as you typically have to pay for them.


6. Bitfinex

Create an account now: Bitfinex

Bitfinex is next on our list of the best no KYC crypto exchanges. It is one of the most well-established crypto exchanges, founded in 2012, and offers deep liquidity and excellent customer support. On Bitfinex, you will be able to spot trade and margin trade, but the specialty is derivatives trading. 

The fees on Bitfinex are quite low, at 0.1% for makers and 0.2% for takers when spot trading, and only 0.02% and 0.075% (maker/taker) for derivatives trading. 

Bitfinex has a customisable interface, where you can opt for which theme you prefer, and set up any alerts you like. There are more than 150+ coins on offer, and 300+ trading pairs; you will definitely find a trading pair and a market that suits your needs. 


How to Buy Crypto Without KYC

Connecting your wallet to a decentralized exchange and exchanging for the cryptocurrency you want to acquire is all it takes to purchase cryptocurrency without completing KYC. Here is a step-by-step tutorial on purchasing cryptocurrency on one of the busiest DEXs, Uniswap, without completing KYC.

Step 1: Download and Fund your MetaMask Wallet

Create and fund your MetaMask wallet as the initial step. Simply download MetaMask, which can be done fast and easily in just a few minutes, and set up your wallet. There is no KYC required when building your MetaMask wallet because it is a Web3 wallet. Additionally, you can directly fund it with a debit or credit card, as well as through bank transfers utilizing Wyre or Transak.

Step 2: Connect your Crypto Wallet to the DEX

Various DEXs support different crypto wallets. MetaMask, Coinbase Wallet, Portis, WalletConnect, and Fortmatic are the 5 wallets that Uniswap currently supports.

Read more: What is Metamask wallet | How to Create a wallet and Use

Step 3: Buy Crypto without KYC

After signing in to Uniswap, you can switch the ETH in your MetaMask wallet to any other cryptocurrency you like. Enter the amount of ETH you wish to swap in the “Swap” interface, then click the “Select a token” option and look for the cryptocurrency you wish to purchase. Once you’ve decided which cryptocurrency to purchase, Uniswap will find the best deal for you and display the “Minimum received,” “Price Impact,” and “Liquidity Provider Fee” for you.

Your cryptocurrency will be reflected in your updated MetaMask balance after the transaction is completed.

Read more: Top 30 tokens of Decentralized Exchange (DEX)

Thank you for reading !

#blockchain #bitcoin #cryptocurrency #exchange 

Top 10 Crypto Exchanges with No KYC
Robert  Jack

Robert Jack

1662369755

CRYPTOCURRENCY EXCHANGE SOFTWARE DEVELOPMENT

The future of exchange development is here, based on the industry needs and trends this Cryptocurrency exchange software has been developed. The software package can be utilized to launch an exchange with the most robust security, stability and scalability. The Crypto Exchange Software Development Kit includes three modules: Trading Platform, Payment Gateway, and White Label Exchange Software.

CRYPTOCURRENCY EXCHANGE SOFTWARE DEVELOPMENT

Cryptocurrency Exchange Software is a powerful, capable, and secure exchange solution that enables private or institutional users to easily launch a cryptocurrency exchange platform with multi-cryptocurrency support, trading and order management features. With its intuitive user interface, Cryptocurrency Exchange Software allows any person to easily create an online asset exchange platform with the ability to buy/sell cryptocurrencies, security tokens and digital assets.

white label crypto exchange software helps businesses in Cryptocurrency exchange software development. Our Cryptocurrency Exchange Software solutions are good to go for both small and large business owners. Be it a start-up or a global brand, we have solutions for everyone.

COMPONENTS OF CRYPTO EXCHANGE SOFTWARE DEVELOPMENT PLATFORM

The growth in the Cryptocurrency Exchange Software market is attributed to the increasing usage and popularity of digital currencies such as bitcoin. The report Forecast to 2022 states that the growing number of active white label crypto exchange software, and rise in innovation, will bring the widespread adoption of Cryptocurrency Exchange software worldwide.

TRADE ENGINE

Our trade engine has been designed from the ground up with ease of use and security in mind. On the proprietary trading engine, we have used the most advanced technologies to ensure our customers have a great user experience. You get an unparalleled level of quality and service that helps you complete your trades quickly, easily, and accurately.

USER INTERFACE

The user interface is the most visible component to users, and it is through it that they interact with any exchange platform. The user interface is the exchange platform’s front end. The user interface should be easy to understand and natural to use.

Every Cryptocurrency Exchange Software should provide a pleasant trading experience for its users, with no lag on your website. At the same time, our exchange platform should be compatible with and responsive to a variety of devices, including desktops, mobile phones, tablets, and other mobile devices. A dedicated mobile app for mobile users that allows them to trade using their cellphones can also be a wonderful alternative.

Crypto Trading Platform provides the cryptocurrency community with the easiest way to buy, sell, send and receive cryptos. Whether you’re a seasoned trader or new to the game, white label crypto exchange software is hard-coded with all of the tools you need for complete control over your account – like instant exchange and withdrawal, customizable deposit fees, and real-time connection to our high-speed API.

 ADMIN PANEL

Another component is the Admin Panel, which is where the platform’s owner controls everything. The crypto exchange’s Admin Panel is a comprehensive dashboard where the admin may perform a variety of tasks to successfully manage the platform. Admin is responsible for a variety of tasks.

  • Verifying KYC or other compliance criteria before approving users.
  • You can add/remove user accounts.
  • Keep track of market and cryptocurrency pairs.

ORDER MATCHING

To match, the user will be able to have a match between the ask and bid price. This will automatically execute a transaction if the delivery or purchase is placed by the buyer according to the asking price or vice versa. A matching engine keeps hold of all information related to ask and bid prices.

CRYPTOCURRENCY WALLET

white label crypto exchange software is a multi-currency crypto wallet with Ethereum, Ripple, and Bitcoin supported. The business allows users to store, send and receive these cryptocurrencies. Users can trade their assets by accessing the platform Wallet. Crypto wallets are within the platform that provided users with the access to transact cryptocurrencies. There will be private keys available on this crypto wallet to provide access to all Cryptoresources.

LIQUIDITY TOOLS

Liquidity Tools White Label Crypto Exchange Software enables you to take full control over your Cryptocurrency Exchange Software business by allowing you to set up your own Crypto Exchange software in a matter of days. It comes with several liquidity options such as Market Maker, and APIs to other popular crypto exchanges which ensures instantaneous order execution. This enables users to trade without any interference.

Cryptocurrency exchange software development platforms have become very popular among businesses starting cryptocurrency exchanges. These solutions can provide several key benefits, including reduced costs and rapid development, without sacrificing security or functionality

#cryptocurrency

#cryptocurrencyexchange

#exchange

#software

#development

#cryptocurrency exchange development

CRYPTOCURRENCY EXCHANGE SOFTWARE DEVELOPMENT

How to Earn with Crypto Exchange Affiliate Programs

In this article, we will explore what affiliate programs are in the cryptocurrency space, how they work, as well as compare how much you can earn as an affiliate at different digital asset exchange providers and How to Earn with Crypto Exchange Affiliate Programs?

1. What Are Cryptocurrency Affiliate Programs?

The cryptocurrency industry, which has been thriving in the past few year, offers an excellent way to earn digital assets via affiliate programs.

Participating in cryptocurrency affiliate programs is not just easy, but it also allows you to generate an excellent passive income for simply referring your friends to a service.

In a cryptocurrency affiliate program, users get a unique link from the crypto project, which they utilize to invite their friends (and their friends). The affiliate helps both the cryptocurrency project and the participating users in tracking how many new customers they have acquired.

In the crypto industry, affiliate rewards can range from simple discounts (e.g., from trading fees on exchanges) to high monthly gains that could provide users an excellent passive income.

Since users don’t have to invest money (but their time) in affiliate programs, this method involves very low risks while providing high potential returns.

Also, it’s super easy to get started with affiliate programs, in which participating users can utilize numerous methods – from simply messaging friends to publishing articles, blogs, and videos with affiliate links – to attract new customers... 

Major types of crypto affiliate programs

As crypto goes mainstream, more and more related niches emerge where people can make money with digital currencies.

  Pros:Cons:
Crypto mining affiliate programsYou help the company build a network of crypto miners. Miners work as auditors — they are supposed to verify transactions in the blockchain as legitimate. As an affiliate, you get a reward for each miner's performance.By promoting crypto mining companies, you get indirectly involved in creating new digital coins, releasing them into circulation, and contributing to the blockchain. This type of affiliate programs will suit true crypto believers.Comparative complexity of the mining process;
Decrease in the popularity of mining due to the emergence of other ways to make money on crypto;
Many scam programs in the industry.
Crypto exchange affiliate programsCrypto exchanges are marketplaces where people can physically buy and sell cryptocurrencies.Exchange is the clearest and easiest way to interact with cryptо.High competition.
Crypto trading affiliate programsThis type of trading requires a middleman, i.e., a broker. As an affiliate, you'll receive rewards for bringing new active users to the broker's platform.The great popularity of trading compared to buying and selling crypto (traders don't need to physically acquire an expensive asset, so it's more affordable for a wider audience);High competition.
The choice of crypto brokers is also supported by the fact that traders can earn both on the rise and fall of the price;
Wider variety of affiliate payment models.

Finding the Best Affiliate Marketing Program

There are thousands of affiliate marketing programs for different niches and sub-niches. The niche you have expertise in likely already has a thriving program and it's simply a matter of finding one that suits your content strategy.

If you haven’t tried or considered affiliate marketing before, our comprehensive affiliate marketing guide will show you how easy and rewarding it is. All you need is the right program, an active follower base, and the commitment to promote your affiliate links to your audience. To find the right program, you need to consider the following:

  • Does it align with your niche?
  • Is the product or service something you can personally use?
  • Are the commission rates worth the effort you’d spend promoting the product?
  • Is the affiliate marketing software intuitive?
  • Does it have a lot of affiliate partners?

When choosing an affiliate marketing program, always consider your reputation as an influencer. Don’t simply join one just because of the high commission rates. You must have a personal conviction that the product or service is something worth your audience’s time and resources. 


Example: Get the Binance Referral Program link

1. Log into your Binance account.

2. Go to the user menu at the top right corner and click [Referral].

3. If you don’t have a link, click on [Generate your link].

4. The default referral rate is 20%, meaning that you get 20% of the fees paid by the friends you refer. However, you can choose to share 0%, 5%, 10%, 15% or 20% of the rewards with your friends.

Accounts with a daily average BNB balance of 500 BNB or more will have their base referral rate increased to 40%. These accounts can choose to share 5%, 10%, 15% or 20% with the friends they invite.

5. In this example, we chose to share 5%. When you click Generate your link, you will see all the details on the top of the Referral page.

Referral your link: 103187265

6. Now you are ready to invite friends to register and trade on Binance.

7. Click [Invite Now] to start inviting. You can choose different image sizes to download and share.

8. You can invite your friends using the referral link, the referral ID, or by sharing your QR Code.

9. Once invitees successfully register at Binance and start trading, referral commissions (both those received by inviters and those shared with their invited friends) are calculated in real-time and transferred to the respective Binance accounts every hour.

10. You can check the details of your referrals by navigating through the sections of the Referral page. You can quickly access them using the top menu.


How to Earn with Crypto Exchange Affiliate Programs?

Most of the world’s top brands operate affiliate marketing programs, offering users incentives for recruiting new customers. In most cases, affiliates are equipped with links and share them with others. When someone joins or makes a purchase using these links, the affiliate receives a reward for the money spent.

The same model exists in the crypto space. Cryptocurrency exchanges run affiliate programs where they pay affiliates for sending them paying customers.

  • First, sign up and confirm your identity
  • You get your affiliate link on your dashboard
  • Share your link on social media
  • When someone clicks your link, they get redirected to the exchange. They can sign up and begin trading from there
  • You are rewarded for every traffic that results in a successful transaction

How to Grow Your Affiliate Network

It is apparent that the more referrals you get under your belt on the sites that you are promoting, the higher your commission earnings will be. One of the easiest and most effective ways of growing and promoting your network is by causing traffic on your social media pages and sites where the referral codes and links have been posted. Make sure that your focus is on targeting the right audience for the content.

People who are genuinely considering a future in cryptocurrency or those who are interested in cryptocurrency trading are often your best target audience as they are more likely to stick around even if times get bad price-wise in the crypto sphere. These are the referrals that you most often want. The ones that stick it out with you, and still generate commission even in bear markets.

To generate more traffic on your social pages, sites, and campaigns, you can use email marketing campaigns. For this method to work, you need to have a significant number of email lists to send these campaigns.

How to Promote Crypto Offers

Since anyone interested in cryptocurrency is automatically tech-savvy, the best way for crypto to offer promotion is through online platforms, like social media or even PR campaigns.

  • Affiliate marketing

One of the best ways to promote crypto offers is through affiliate marketing. This benefits both you and your referrals, as well as the company. It is a win-win-win situation for all parties. Hence, the most sought-after method for promotions.

  • Direct messaging

Most of the time, people don’t check promotional emails or have them in their trash bins in their email accounts.

  • Social media

There is no greater reach than social media. There is a wide range of social media platforms like Facebook and Instagram to create dedicated pages for your promotions. You can even have business and professional accounts that can keep your audience up to date about any crypto offers.

  • Press Releases

Another popular method for promoting crypto offers is by making use of press Release websites. You can even find dedicated Press Release websites for cryptocurrencies online. They let users publish their news and any updates about their cryptocurrency exchange platforms.

These websites usually have a large audience base, so they are an excellent way to promote your links and pages. If you try, you can create a vast network of interested traders and users of cryptocurrencies for future orders.

  • Email marketing

As one of the most reliant forms of marketing, email marketing is a tactic that can produce great results. For each product or service launch, discounts, offers, and other bonuses, you can send out an email that specifies what the promotion is to your target audience.

The first thing to take care of before you make this your marketing strategy is to gather email addresses from potential clients to have a comprehensive list of people you can send the email to.

  • Paid promotions

Many successful businesses make use of paid promotions to help them get ahead in the marketing industry. Using paid advertising will help you garner a substantial audience and target audience. You can find many of these services on platforms like Instagram, Facebook, Twitter, and even Youtube.

This will mainly consist of your promotional banners and videos displayed on these platforms to generate traffic for you.

  • Bitcoin Communities

There are several bitcoin communities for crypto traders and Bitcoin affiliate program marketers online to join and update new coin offerings. The only real obstacle is finding the right community to join. There can be fraud or inactive communities, which won’t do you any good when it comes to promotions.

After researching and joining an active and vibrant bitcoin community, you can start by engaging in discussions on the online platform before you start to do your promotions. In this way, you can generate a wider audience and gather new customers before you start your promotional activities.

This is a great way to introduce your promotions because the community is already your target audience. You can talk about the intricacies of cryptocurrencies, which will entice avid users.

How to Promote a Bitcoin Affiliate Program

With the growing popularity of social media, the best way to promote a crypto exchange program is social media. The right strategy has a lot to do with how well your cryptocurrency exchange is promoted or how much popularity it gains. Here are a few steps on how you can effectively promote your cryptocurrency exchange platform through social media:

  • Set clear goals

Make sure that you know where you want to go with your platform. As an affiliate marketer, your top priority should be to generate leads, increase engagement with your audience and create more traffic for your page.

Keep your goals simple and straightforward. There is no advantage in having too many goals but making them unachievable.

  • Identify target customer base

Almost all social media platforms use their analytics tools to help you analyze which strategy is most beneficial to your cause. This is a great way to set a budget, deadline, and whatever areas may need you to put your efforts into.

For example, suppose your audience is millennials or GenZ. In that case, they can be reached easily through social media platforms similar to Instagram since statistically, they make up a more significant user base.

Or, if your target audience is women, social media platforms like Pinterest will most likely be your best option. For those looking for a well-educated audience, LinkedIn is a better option. Likewise, there are many other social media platforms where you can promote your cryptocurrency referral links.

  • Engaging social media content

An essential part of any social media promotion is the content. The content should be original and unique while also simple enough to let your audience understand all the information necessary. You can make use of infographics to make your posts more appealing.

Another critical aspect is to add a comment section or space where your audience and respond and give you feedback. Make use of appropriate hashtags to generate a wider audience and analyze the engagement. This will help the SEO content on your page.

  • Keep updated with competitors

An important thing to do is always keep yourself updated with the activities of your competitors, be it company competitors or fellow affiliate marketers. This will help you analyze their strategies and help you plan better and make smarter decisions.


Top 10 Cryptocurrency Exchanges with Attractive Affiliate Programs

Ultimately, the best cryptocurrency affiliate program will depend on your needs and preferences. However, we’ve rounded up some of the most notable choices to help you get started:

1. Binance – Overall Best Crypto Affiliate Program

Every aspiring crypto influencer can’t get away with talking about cryptocurrencies without mentioning Binance. It is one of the world’s largest cryptocurrency exchanges established in 2017 by Changpeng Zhao. The exchange supports major cryptocurrencies and fiat currencies. It also has its own coin: Binance Coin (BNB).

Binance’s affiliate program gives 40%-50% commission for every qualified trade. This is dependent on the number of successful sign-ups your affiliate link produces. Binance also has a Binance Future Affiliates Program that pays 72,000 USDT monthly on top of commissions. There’s no maximum cap or time limits for commissions.

Binance uses an in-house affiliate network and there’s a manual approval process. Influencers must have at least 5,000 followers on one or more social media platforms (Instagram, YouTube, Twitter, Facebook, etc.) to qualify. Opinion leaders with their own communities must have at least 500 members in one or more community groups (Reddit, Telegram, Facebook, etc.) to be considered.

  • URL: Binance affiliate program
  • Commission rate: Up to 50%
  • Affiliate payment method: All Cryptocurrencies (whatever referrals trade-in)

Pros

  • High commission rates
  • Plenty of cryptocurrency options to promote
  • Quick and easy payouts

Cons

  • Not available in the US

⭐⭐⭐ Join to earn: Binance affiliate program ⭐⭐⭐


2. Coinbase

Coinbase’s affiliate program lets you earn a 50% commission from your referral’s trading fees for the first three months. You can get paid in your local currency through PayPal or your local bank. It also uses Impact, which is affiliate marketing software known for its intuitive interface that lets you track your campaigns and monitor your link’s performance. 

  • URL: Coinbase affiliate program
  • Commission: 50% of referral trading fees for the first three months
  • Affiliate payment method: All Cryptocurrencies (whatever referrals trade-in)

Pros

  • Huge commissions paid in local currency
  • Intuitive affiliate marketing software
  • A highly credible platform that offers crypto-insurance

Cons

  • Limited timeline for referral commission

⭐⭐⭐ Join to earn: Coinbase affiliate program ⭐⭐⭐


3. Bitfinex

Bitfinex is another top cryptocurrency exchange. It’s not quite as big as Binance and Coinbase, but it’s up there. The service is based in Hong Kong, and it provides trading, custody for institutional investors, and much more.

Bitfinex provides perhaps the most potentially lucrative cryptocurrency affiliate program. The exchange offers up to 55 percent in fees for every referral who makes a trade, and you can also get commission multipliers based on some specific criteria that your referrals would have to meet.

The Bitfinex affiliate program gives you the power to earn 18% on first-tier referrals, 6% on second-tier referrals, and 2% on third-tier referrals. Because of this, you’ll have plenty of opportunities to earn from referring a single user, especially if they end up promoting the program to others as well.

Your income will also grow if your referral has UNUS SED LEO tokens – the in-house for Bitfinex’s parent company, iFinex. For instance, if the referral stores 50,000 coins, your income increases by 1.5x

Bitfinex reduces the income level set for each referral by 0.5 percent every 30 days. When the reduction indicator hits zero, the exchange removed the referral from your base.

Pros

  • Great liquidity
  • Recurring commissions

Cons

  • Limited customer support channels

⭐⭐⭐ Join to earn: Bitfinex affiliate program ⭐⭐⭐


4. Gate.io

Gate.Io is a cryptocurrency exchange platform that allows traders to swap different cryptocurrencies with each other and USD. Ethereum, bitcoin cash, and litecoin are a few currencies of the platform which can be exchanged for USD. Its affiliate program is extremely lucrative given that you can earn up to 59% referral.

Pros

  • Hundreds of markets
  • Nearly 200 currencies supported
  • 10x leverage with margin trading

Cons

  • Unregulated exchange

In order to promote the Gate.io referral program, users can build their own promotional referral links and invite their friends to the site. Up to 40% of the total commission generated by referrals can be shared with the invitees. However, they must select how much of that 40% they will split with the referrals themselves.

⭐⭐⭐ Join to earn: Gate.io affiliate program ⭐⭐⭐


5. Huobi Global

Huobi Global's affiliate program allows users to earn higher level commissions from their referrer's trading fees. Commissions are paid in USDT, HT, and Point Cards to the user's Exchange account or Futures account and paid out the next day.

Users earn commissions when their referrals pay trading fees for spot trades, coin margin futures, currency margin swaps, and USDT margin trading swaps.

Pros

  • More than 230 tradable assets
  • Three different exchanges/trading platforms
  • Leveraged and margined trading
  • High-level of cybersecurity

Cons

  • Account registration involves a lengthy procedure

⭐⭐⭐ Join to earn: Huobi affiliate program ⭐⭐⭐


6. Bybit

Bybit is currently the largest and fastest-growing cryptocurrency derivatives exchange platform. It has more than five million registered users and promotes itself as a one-stop crypto destination. Aside from trading cryptocurrencies, it also offers an NFT marketplace where artists and creators can mint their NFTs. It also offers stablecoin-margined options contracts to help crypto investors expand their portfolios. 

Its rise in popularity can be credited to its competitive affiliate marketing program, which pays one of the highest commissions in the industry. Affiliates earn a 30% trader commission share from every direct referral. They also earn a 10% sub-affiliate commission reward from every referral of their direct affiliates. Commissions are settled in real time and displayed in transparent multi-dimensional reports.

  • URL: Bybit affiliate program
  • Commission:  30% for direct affiliates and 10% for sub-affiliates
  • Affiliate Payment Methods: Cryptocurrency

Pros

  • Two-tier commission program
  • Competitive commission rates
  • Affiliate support: promotional items, dashboard, one-on-one assistance

Cons

  • Relatively new platform
  • In-house affiliate software

⭐⭐⭐ Join to earn: Bybit affiliate program ⭐⭐⭐


7. PrimeXBT

PrimeXBT is one of the popular trading platforms where you can trade global markets including Crypto, Commodities, Indices, and Forex. It provides excellent trading conditions and access to over 30+ assets with up to 1000x leverage.

You can receive up to 70% of all trading fees paid by their referred users. You’ll get paid between $40 to $1,250 for every qualified trader you introduce to the PrimeXBT platform.

Pros

  • Low Fees: Competitively low fees.
  • PrimeXBT supports the trading of fiat and crypto, commodities, and indices.
  • Traders may go both long and short and trade with leverage to enhance yields.
  • Covesting: Allows traders to set up and manage a strategy – a pool of their own assets which is visible to the public and can be followed by others.

Cons

  • At present, there is no demo account. With minimum deposits of as little as 0.001 BTC, however, users can familiarize themselves with the platform in a live trading environment.
  • Users may only deposit crypto. While this is the case, PrimeXBT does support crypto purchases by debit/credit card and SEPA bank transfer.

⭐⭐⭐ Join to earn: PrimeXBT affiliate program ⭐⭐⭐


Conclusion

Crypto exchange affiliate programs provide a reliable way for marketers to earn recurring income. The programs are suitable for small business owners, bloggers, large media houses, and individuals with enough patience to grow their networks. But, every exchange has its pros and cons. You need to check each policy and decide on which is best for your situation. 

The exchanges listed above in our well-researched guide are some of the biggest with the highest commissions available. They can help you boost your earnings beyond just your trading activity.

Read more: Best Cryptocurrency Centralized Exchanges | Top Crypto Exchanges

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#blockchain #cryptocurrency #bitcoin #exchange 

How to Earn with Crypto Exchange Affiliate Programs
Jack  C

Jack C

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Binance vs. Bitfinex Exchange Compare | Which Exchange is Better?

It is very important when selecting a broker like the Binance platform or Bitfinex, you can trust with your money with them. In this post, we'll  shows how Binance and Bitfinex differ with respect to trading fees, withdrawal fees, deposit methods, supported cryptos, trading types, user scores and more.

What is Binance, Bitfinex?

1. Binance:

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Binance was founded in 2017 by ​​Changpeng Zhao, also known as CZ, a Chinese-Canadian business executive, and previously, a developer who worked on creating Blockchain.info and also served as chief technology officer for OkCoin, another crypto exchange.

Binance is currently the world’s largest exchange in terms of the daily trading volume of cryptocurrencies. It is indeed Coinbase’s direct competitor both in terms of trading volumes and market capitalization. 

Binance is available in more than 180 countries worldwide, though they had to create a separate company, Binance.US, specifically for United States users due to the country’s more burdensome local jurisdictional regulations. 

The exchange has faced several regulatory actions in different countries worldwide, mainly due to accusations of money laundering issues. The company had to relocate several times before finally being established and headquartered in the Cayman Islands.

Binance has earned a reputation as an exchange that sometimes has carried out some business activities before asking for permission, which has caused further regulatory issues. Acting without too many restrictions certainly favors more rapid innovation, which the exchange has shown over time and other platforms. However, it has also caused closer scrutiny from authorities. 

Soon after its launch, Binance released its cryptocurrency, Binance Coin (BNB) has grown to become one of the top five coins by market capitalization. 

In 2020, the exchange launched Binance Smart Chain (BSC), a blockchain network built for running smart contract-based decentralized applications (DApps) and allowing users to manage their digital assets cross-chain. Binance Smart Chain is supported by Coinbase Cloud, which offers secure read/write and participation infrastructure for BSC, empowering those looking to build on the chain or help secure the network.

Functionalities like Bitcoin mining, decentralized finance (DeFi) and other financial crypto services have sealed Binance’s success over the years.

  • Main platform features: Low fees, comprehensive charting options, and hundreds of cryptocurrencies
  • Fees: 0.10% spot-trading fees, 4.5% for debit card purchases
  • Number of cryptocurrencies supported: More than 500 for global traders on Binance, and 80 for U.S. investors on Binance.US
  • Security features: Two-factor authentication (2FA)verification, Federal Deposit Insurance Corporation (FDIC)-insured United States dollars (USD) balances for Binance.US, device management, address whitelisting, cold storage
  • Types of transactions supported: Limit order, market order, stop-limit order, trailing stop order, post only order, peer-to-peer trading, margin trading, one-cancels-the-other order, and more
  • Maximum trading amount: Limits differ based on the cryptocurrency purchased

2. Bitfinex

Bitfinex is a large cryptocurrency exchange supporting a large ecosystem of cryptocurrency products and trading options, including spot trading, margin accounts, derivatives, paper trading, and more. With a mix of features suitable for both beginner and expert crypto users, Bitfinex likely offers everything you need to manage your cryptocurrency in one place.

Bitfinex was founded in 2012, making it among the oldest crypto exchanges available. Designed for professional and institutional traders, this exchange boasts some of the highest BTC/USDT volume in the industry thanks in part to the 100x leverage it offers traders.  

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Thinking of using Binance?

What are the pros of using Binance?

  • Provides a platform where you can buy and sell more than 100 digital currencies
  • Competitive trading fees of 0.1%
  • Further discounts available for Binance Coin holders
  • You don’t have to provide your personal details or proof of ID to register
  • Mobile trading app also available

What are the cons of using Binance?

  • You can’t buy crypto using fiat currency
  • User interface is a little overwhelming for beginners
  • Some mixed reviews of customer support experience
  • A relatively new exchange compared to some other platforms

Get started with Binance

Thinking of using Bitfinex?

What are the pros of using Bitfinex?

  • Allows you to buy and sell a wide range of digital currencies
  • Fiat-to-crypto and crypto-to-crypto trading available
  • Leverage trading of up to 3.3:1 available
  • Mobile trading app available
  • Reasonably competitive trading fees
  • If you’re a high-volume trader, you can access discounted fees

What are the cons of using Bitfinex?

  • Has been hacked in the past
  • User interface isn’t particularly beginner-friendly
  • Must deposit account equity of US$10,000 before you can place a trade
  • Better suited to advanced traders, so new crypto buyers may need to consider other platforms

Get started with Bitfinex

Here’s an in-depth comparison between Binance and Bitfinex. 

The important thing to remember before choosing any exchange is to do your own research. Compare deposit methods, supported currencies, fees, security level, customer support and other features before deciding which crypto exchange is the perfect fit for your trading needs.

How do they compare?

 BinanceBitfinex
LocationDistributedHong Kong
Supports fiat currencies?USD, AUD, GBP, EUR, RUB, TRY, NGN, UAH, PHP, CZK & 20+ moreUSD, EUR, GBP, JPY
Range of supported cryptocurrencies?371 cryptocurrencies206 cryptocurrencies
Futures:YesYes
Derivates:YesYes
Margin Trading:up to 20xup to 10x
Deposit Fees:NoNo (only for FIAT)
Trading Fees:0.012% - 0.10%

0.10%-0.20%

 

Withdrawal Fees:yesyes
Customer supportOnline help centre, email, social mediaOnline help centre, email, social media
Ease of useIntermediateIntermediate to advanced
  
Crypto-to-crypto trading onlyOffers both fiat-to-crypto and crypto-to-crypto trading
User interface easy to navigateRange of advanced trading options available
Also offers advanced trading viewInterface will take a while for new users to get used to
  
User interfaceSlightly confusing for beginnersBetter suited to people with some experience trading crypto
Set-up for new usersNew users must provide:New users must provide:
  
Email addressEmail address
  
 To make a fiat deposit you will also need to provide:
  
 Your country of residence
 Your telephone number
 Your residential address
 Two forms of government-issued ID
 A bank statement
 Proof of address
 A signed declaration
  
Supported countriesGlobalGlobal (with some exceptions, such as the US)

Brief Comparison

1. Commission and Fees

knowing your trading and commission fees with Binance vs Bitfinex is extremely important. For the majority of the Binance 52 financial instruments and Bitfinex 55 available financial instruments.

The price you are being presented with will factor in the fee the broker takes. For example, if a financial asset is at 79.6. You might have to pay 79 to enter. Therefore, you will start with a small loss with both Binance and Bitfinex. The bigger the fee, the bigger the issue this is. Most alarmingly though some financial assets occur a charge for you to hold on to the asset overnight or over the weekend. This is usually true with commodities and stocks that you are using leverage on. Please check what your fees are with Binance and Bitfinex before you invest because it is crucial that you know exactly what you are paying.

You ideally want to choose a broker that does not charge to much for withdrawal fees. This is simply because this will eat into your profits. This is especially true if you have a low budget and do not intend to invest so much. You want the withdrawal fee to be less than one percent of what you are withdrawing but more ideally a set fee of around 5 USD. Your location or residence will have an impact on your potential Binance and Bitfinex fees of course. Make sure you do your research and check the commission and fees with both Binance and Bitfinex before you invest anything.

Some brokers will charge inactivity fees. As the name suggests this occurs when you have been inactive on your account for a certain period.

Both Binance and Bitfinex do charge inactivity fees.

You should receive plenty of notifications warning you about any potential deadlines and you can make a decision to act accordingly, continuing to use your account or closing it. Usually the fees are very small so there is no need to be alarmed especially when the problem is easily avoided.

When you deposit money to a broker like Binance or Bitfinex you might need to pay deposit fees. The lower the better. Most preferably of course you would have to pay nothing for this. If this is the case it can be a big problem. Constant deposits will eat into your profit so this will take some considering before you sign up.

Let’s see how Binance vs Bitfinex compare side by side for commissions and fees.

BrokerBinanceBitfinex
Min Deposit100100
Inactivity Fees No
Withdrawal Fees$25 – $35$10
Deposit FeesVariesVaries

2. Number of Currencies

Regarding platform offer in terms of cryptocurrencies available, Binance has greater choice than Bitfinex. But you’ll probably find almost any coin you’re searching for on either platform.

Currently, more than 200 digital currencies are available on the platforms and all are exchangeable for at least bitcoin. In addition to this wide range of cryptocurrencies available, users can also trade with five major fiat currencies: the dollar, the euro, the pound sterling, the Japanese yen and the yuan.

3. User Experience

There are two interface options on the Binance website: Basic and Advanced. The two options are comparable in complexity. But the Advanced one has more features and tools available for chart analysis. Both options include the common charts and figures you’d find on any reputable cryptocurrency exchange.

Initially, Bitfinex was an exchange aimed at professional traders – or at least with some capital – since the minimal deposit was $ 10,000. But, the exchange became available to the crowds in 2018 by lowering the minimum deposit amount to $ 20. Bitfinex has retained some of its legacy of trading for professionals: the interface is quite basic but remains intuitive for newcomers.

Before having access to both interfaces, you will need to create an account:

After all, a classic procedure made tedious by the platform’s security measure. Once your account is open, you must click on an activation link sent by email. Then, you ought to do the same each time you want to connect and until you have set up two-factor authentication.

Bitfinex offers several types of orders, ranging from the most classic to the most advanced:

By scrolling through your main screen, you will have access to the order book to monitor trends and volumes on the exchange.

The interface is therefore basic for Bitfinex but perfectly functional and has been ported to IOS and Android. The mobile version of both exchanges is also nice, with a quick response time.

4. Mobile Trading

Being able to trade on your mobile can be very useful. Why is this? Well, the stock market sees market movement every second, if you are not near your desktop computer you will probably be near and have access to your phone. This way you will be able to take advantage of all the opportunities that present themselves. For example, a stock might move to an all-time low when you are out. In this instance you would have missed out on some profit.

If you have an iPhone you will need an IOS Apple mobile trading app. Thankfully these are very common and if a broker has an application, they are almost always available on an iPhone.

Similarly if your phone requires an android app it is good to check if the broker offers an app that supports Android devices.

If you use Microsoft Windows tablets or phones you will also need to check if the Binance and Bitfinex have trading apps that are compatible.

5. Security

Binance crypto exchange platform doesn’t outline specifically security policies on its site. But there have been a couple of instances in which the team proved their dedication to security measures. Some Binance users fell victim to an API attack. When the team noticed suspicious activity, they froze the accounts, reverted the trades, and returned funds back.

The two successive hacks of the Bitfinex exchange prompted the team to improve the security. According to information leaked by the exchange, 99% of users’ funds would be kept in cold storage; the rest would be on the exchange to ensure its liquidity. Cold storaging systems are locked by a multi-signature protocol. These are also distributed among several locations.

As on most exchanges, you have access to two-factor authentication functions and can encrypt emails linked to your account using a PGP key. You can also set up an IP address filter to limit the devices that can connect. Bitfinex even offers you a tutorial to assign a static IP address to your devices.

6. Deposits and Withdrawals

There are no deposit limits on Binance. But the withdrawal limit is based on the level of verification of your account. Without this verification, your withdrawal limit is 2 BTC per day. Once you submit ID verification, you can withdraw 100 bitcoins per day.

On Bitfinex, there are three ways of making deposits: by credit card, by wire transfer or with cryptocurrencies.

Deposits can be made depending on the portfolios linked to your account when it is created:

  • The ewallet, to buy and sell your digital currencies,
  • The margin wallet, used for short transactions,
  • And the funding wallet is used to lend money to actors wishing to carry out short transactions and in order to collect interests.

Full verification unlocks fiat deposits as well as some additional perks like faster transactions.

To get the full verification visa, you will have to provide the following documents, which must be analyzed and then validated by the platform. You must bring a valid identity document, proof of address dating less than 6 months, an account statement dating less than three months and complete the KYC – Know Your Customer form. – provided by the platform.

This verification process, particularly thorough for an exchange based in a tax haven, may put off those of you who value your privacy, especially since the average verification time is one to two weeks if everything goes smoothly. In addition, particularly long withdrawal times were noted by some users who had to wait seven days to more than two weeks for a withdrawal in fiat.

7. Support

Customer support is essential when trading. Even professional traders will eventually need the help of Binance or Bitfinex support. This is especially true of traders who are starting from a position of little knowledge. If you are starting out you will want to make sure the Binance and Bitfinex support is always available when you need them. Binance and Bitfinex customer support is not just useful. It is crucial to your trading success!

Binance Vs Bitfinex Live Chat

Live chat is important for several reasons. This is because when you encounter a problem it is nice to know that the problem has the potential to be sorted out then and there. Also speaking to a person live is much less frustrating than speaking to someone over the course of several emails.

Binance offers live chat while Bitfinex does not offer live chat support.

Both Binance and Bitfinex offer livechat support.

When trading CFDs, stocks, commodities, currencies, cryptocurrencies or any other financial instruments with either Binance or Bitfinex you will find Email support is also very useful. Sometimes you might have a more complex question that requires a specific part of the Binance or Bitfinex support team to give a satisfactory answer to. This is where email support with Binance and Bitfinex will be needed.

Both Binance and Bitfinex offer email support.

Binance Vs Bitfinex Phone Support

Although most queries can be resolved with the need of a phone call, it is nice when we can actually explain ourselves with a live human being at either Binance or Bitfinex. We can get straight to the point and this can save us from a lot of time and frustration.

Conclusion

We hope this Binance Vs Bitfinex guide has helped you decide who is best to trade without of Binance and Bitfinex.

Thank you for reading!

Read more: Best Cryptocurrency Centralized Exchanges | Top Crypto Exchanges

#blockchain #exchange #binance #crypto #bitcoin #bitfinex 

Binance vs. Bitfinex Exchange Compare | Which Exchange is Better?
Jack  C

Jack C

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Binance vs. Bybit Exchange Compare | Which Exchange is Better?

 BinanceByBit
Trading Fees0.1% Maker | 0.1% Taker-0.025% Maker | 0.075% Taker
Platform Features20x Leverage, Futures, Spot Markets, Crypto Staking, NFT Marketplace50x Leverage, Futures, Spot Markets, Staking, IDO Launchpads
Available Cryptos300+200+
Year Founded20162017
Available for USAYesNo
Deposit MethodsCryptocurrency, Bank Deposit, Bank Wire, Debit Card or Credit Card, PayPal and moreCryptocurrency, Debit Card or Credit Card, Bank Transfer, Bank Wire and more
Visit WebsiteBinanceBybit

Binance vs. Bybit Exchange Compare | Which is Better, Which Crypto Exchange Is Right for You?

What is Bybit?

Bybit is a cryptocurrency derivatives exchange with a wide range of advanced trading tools. It has top-notch security and a no-down-time commitment, but it's not available in the U.S. Read our full Bybit review to find out if it's right for you.

  • Up to 100x leverage on crypto

You can trade cryptocurrencies on Bybit at up to 100x leverage. This means you could trade a position of $10,000 from a $100 investment. Experienced traders can make high profits from leveraged trading as it magnifies the potential trading rewards. But it also magnifies the risk.

Users can go long or short on the 15 available currencies (bet on the price rising or falling, respectively). Bybit offers a range of advanced trading options.

  • Technology and tools set it apart

Bybit says it can handle 100,000 transactions per second, which is significantly faster than its competitors. It does everything possible to avoid any server downtime, a problem a number of exchanges face whenever a change in the market pushes a lot of people to trade at once.

Its charting tools are popular with traders as they have a lot of functionality and extra features. You can also download data in various formats.

  • Risk-free testnet environment

Bybit has a testnet site where new traders can test strategies and learn how to use the site without using real money. If you're new to derivatives, it's a way to get used to these advanced -- and sometimes complex -- tools.

Since leveraged trading can be extremely risky, it makes sense to gain confidence in the test environment before risking your hard-earned cash. If you decide to trade for real, start small and make sure you understand how to minimize risk.

  • Educational resources

Bybit has an impressive selection of resources, news, and insights for traders of all levels. For example, "Bybit Learn" explains how to use technical tools and understand chart patterns. It teaches users about decentralized finance (DeFi) and has detailed analysis of individual coins. Plus, Bybit hosts classes on social media twice a week.

That's a good thing, since futures and margins are advanced financial tools and you'll need to have a sound understanding before you use them.

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This cryptocurrency derivatives exchange is a good fit for: Non-U.S. cryptocurrency traders who want to use margin and other derivatives.

Pros

  • Up to 100x leverage on crypto
  • Advanced tools supported by great technology
  • Risk-free test environment to learn and experiment
  • Educational resources

Cons

  • Not available in the U.S.
  • Crypto derivatives are extremely risky
  • Not suited to spot trading
  • May share your data with third parties for marketing

What is Binance?

Binance Exchange is one of the top cryptocurrency exchanges in the world and offers users the most cryptocurrency trading pairs of any trusted exchange, resulting in Binance having the highest trading volume of any crypto exchange.

Founded in 2017 by Changpeng Zhao, Binance quickly became a leading cryptocurrency exchange and has its own crypto called Binance Coin (BNB). Binance offers users ways to purchase crypto assets directly using fiat currencies, credit/debit cards, and bank transfers. Binance can be accessed through its website, desktop, or mobile app.

  • Easy sign-up process
  • Lowest transaction fees of any major exchange
  • 175+ different digital assets available
  • Free deposits

FUNDING METHODS: Debit & Credit Card, Wire Transfer, ACH

CRYPTOCURRENCIES: 175+

COUNTRIES: 100+

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Pros

  • Up to 100x leverage on crypto
  • Hundreds of trading pairs and available cryptocurrencies
  • Low trading fees
  • Buy crypto through multiple avenues
  • Mobile app
  • Users can earn up to 10% APY on their holdings

Cons

  • Not available to US citizens
  • High withdrawal fees to external wallets
  • Can be overwhelming for new crypto users

Here’s an in-depth comparison between Binance and Bybit. 

1. Trading Conditions

Before you sign up on either exchange, allow us to lay the two platforms bare in front of you . This requires us to take a look at the trading conditions offered by both Binance and ByBit.

Under Binance, $1 is required as your minimum deposit. The leverage it offers on futures stands at a ratio of 1:100. You can trade on 1,358 markets. USD is not the only base account currency. Trader can base their accounts in Euros, Pounds and over 50 other crypto currencies

With ByBit, you will also need to make a minimum deposit of $1. Like Binance, the leverage it offers is at 1:100. ByBit also allows its users to trade up to 257 markets around the world. The platform offers base account currencies only in crypto.

Trading ConditionsBinanceByBit
Minimum Deposit$1$1
Trading PlatformsBinanceByBit
Max Leverage (Futures)1/1001/100
Number of Markets1,358257
Number of Trading Accounts11
Base Account CurrenciesUSD, EUR, GBP +10 fiat currencies,Crypto
50+ Cryptocurrencies

2. Beginner Friendliness

Binance is more beginner friendly than Bybit for beginners, though Bybit has somewhat copied the layout of Binance’s platform and is somewhat similar to navigate. That said, Binance has many more crypto pairs for users to choose from than Bybit, and has more user-friendly buy and sell options, making it a more attractive option for a beginner.

Neither platform is entirely beginner friendly though and both are more suited to traders with at least some experience.

3. Standout Features

Both Binance and Bybit have a number of compelling features that might draw you to their platforms. Here’s a look at a few of the standouts:

BinanceByBit
Binance Visa Card: With Binance Visa Card, you can convert and spend cryptocurrencies at more than 60 million merchants worldwide. Just transfer crypto from your Binance Spot Wallet to your Funding Wallet and you are ready to start spending your crypto worldwide.Bybit Defi Mining and Dual Asset Mining: Frictionless on-ramp to defi services that let users earn interest rates of up to 20% for mining and over 200% for dual asset mining.
Binance Liquid Swap: Liquid Swap is a liquidity pool developed based on the AMM (Automatic Market Maker) principle. It consists of different liquidity pools, and each liquidity pool contains two digital tokens or fiat assets. You can provide liquidity in the pools to become a liquidity provider and earn transaction fees and flexible interest.ByBit Flexible Staking: Flexible Staking allows you to stake tokens (BTC, ETH, USDT and USDC) and earn guaranteed yields in the same type of tokens with a high APY. The yield will be auto deposited daily to your account and you can unstake at anytime.

4. Available Cryptocurrencies

Bybit offers a wide selection of cryptocurrencies, with just under 100 available for trade, but Binance is far and away the better option, with over 175 available, and a ton more trading pair options than Bybit has. Binance also has a wider selection of assets available for derivatives than Bybit does.

5. Sign-Up Process

The sign-up process for Bybit and Binance is almost identical because neither requires users to do identity verification if they just wish to deposit and begin trading their previously owned crypto assets.

They both require you to do identity verification once you want to purchase digital assets with your fiat option of choice through one of their fiat gateway partners. There are now some location for which Binance automatically requires full identity verification.

6. Fees

To make your decision a lot easier, we’ve compared the two exchange platforms down to the prices they come at. You’ll be pleased to know that trading fees are low with Binance.

The max maker and max takers fees offered by both Binance and ByBit come to 0.1%. Binance’s min maker fee is far lower than ByBit’s. ByBit offers 0.1% while Binance offers a mere 0.012% charge. For a detailed comparison of the two fees, consider the table below.

FeeBinanceByBit
Max Maker0.1%0.1%
Max Taker0.1%0.1%
Min Maker0.012%0.1%
Min Taker0.024%0.1%
Debit/Credit Card Purchase Fee1%0%

Futures Trading Fees:

Both exchanges allow users to trade futures. This is one of their many similarities. However, Binance’s futures trading fees prove to be slightly better than ByBit’s. Have a look at the table below for a detailed comparison of the two.

FeeBinanceByBit
Max Maker0.02%-0.025%
Max Taker0.04%0.075%
Min Maker0%-0.025%
Min Taker0%0.075%

Non-Trading Fees:

Binance continues to offer lower fees than ByBit, even for non-trading transactions. That is not to say that ByBit has extortionary prices either. To put what we mean into context, we’re put together a helpful table guide related to both platform’s non-trading fees.

 BinanceByBit
Account Fee0%0%
Deposit Fee0%0%
Bank Transfer Withdrawal Fee1.5 USD-
Debit/Credit Card Withdrawal Fee0%0%
BTC Withdrawal Fee0.00010.0005
Inactivity Fee0%0%

7. Passive Income Tools

In terms of ways to earn passive income on these platforms they are both evenly matched. Both offer staking and mining pool opportunities. However, managed accounts, MAM/PAMM and other passive income methods are not offered by both.

If passive income methods will determine which exchange you pick over the other, you’ll find that they are evenly matched. Consider the comparison table below.

8. Deposit and Withdrawal

If you’re considering ways to access your money, Binance offers better help than ByBit, but only one. That is, Binance allows traders to access their money or make withdrawals via bank transfer.

For a detailed comparison of how Binance or ByBit allows their traders to access funds and make deposits, consider the tables below.

Deposit:

 BinanceByBit
Bank TransferYesNo
Credit/Debit CardYesYes
Electronic WalletsYesYes
CryptoYesYes

Withdrawal:

 BinanceByBit
Bank TransferYesNo
Credit/Debit CardYesNo
Electronic WalletsYesNo
CryptoYesYes

9. Best Trading Platform

The support given by one platform cannot match the other. If you’re looking for the best platform in regards to accessibility, that crown goes to Binance. Unlike ByBit, Binance was a fully supportive ecosystem of platforms. Traders can log onto Binance via web desktop browser and mobile. Better yet, it is available on both Android and iOS.

In contrast to this, ByBit only offers users the access via mobile web apps. This hasn’t limited its growing adoption, though. ByBit remains available on both Android and iOS.

A look at trader support reveals that both platforms are excellent choices, with neither one trumping the other. Both Binance and ByBit allow traders to access market indicators, drawing tools, historical trades and live quotes.

 Features:

 BinanceByBit
SMS Based 2 FAYesNo
App Based 2 FAYesYes
Voice Call 2 FANoNo
Search BarYesYes
FiltersYesYes

Technical Analysis/Charting Tools:

 BinanceByBit
IndicatorsYesYes
Drawing ToolsYesYes
Historical TradesYesYes
Live 2 QuotesYesYes

Mobile Trading:

FeaturesBinanceByBit
iOS VersionYesYes
Android VersionYesYes
Apple Watch AppNoNo
Touch IDNoNo
Face IDNoNo

Types of Orders:

 BinanceByBit
MarketYesYes
LimitYesYes
Stop LossYesYes
Stop LimitYesNo
Trailing StopYesNo

10. Research

 TypeBinanceByBit
News FeedYesYes
Fundamental DataYesYes
Chart AnalysisYesYes
Trading IdeasNoNo
E-Mail ReportsYesYes

11. Education

TypeBinanceByBit
Demo-account/Paper TradingNoNo
CoursesYesNo
ArticlesYesYes
VideosYesYes
WebinarsYesNo
BooksNoNo

12. Support

 FeaturesBinanceByBit
Working Days24h24h
E-mailYesYes
PhoneYesNo
Online chatYesYes
OtherTelegramTelegram

Conclusion 

Binance and ByBit are two popular cryptocurrency exchanges. Each of them has its pros and cons. Binance will be the best choice for traders who want to trade any cryptocurrencies, including those with low popularity. ByBit is a good fit for traders who prefer derivatives trading and who would be fine with a smaller selection of cryptocurrencies.

SIGN UP NOW: Binance
SIGN UP NOW: Bybit

Read more: Best Cryptocurrency Centralized Exchanges | Top Crypto Exchanges

Thank for visiting and reading this article! Please share if you liked it!

#blockchain #exchange #binance #crypto #bitcoin #houbi 

Binance vs. Bybit Exchange Compare | Which Exchange is Better?
Jack  C

Jack C

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Binance vs. FTX Exchange Compare | Which is Better?

Binance vs. FTX Exchange Compare | Which is Better, Which Crypto Exchange Is Right for You?

Binance and FTX are two of the most popular crypto derivatives exchanges in the world. Binance is the leading cryptocurrency exchange in the world in terms of spot and derivatives trading volume. On the other hand, FTX is a pure derivative trading exchange and ranks among the top 3-largest crypto assets exchange.

Both exchanges share numerous similarities and a few differences. However, those differences can be the key to selecting the right derivatives exchange.

Today, we’ll compare FTX and Binance on multiple areas, such as offerings, fees, security, platform capabilities, and more. By the end of this Binance vs. FTX comparison, you’ll be able to determine which is the best crypto exchange in the market for trading cryptos.

What is Binance, FTX?

1. Binance:

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Binance was founded in 2017 by ​​Changpeng Zhao, also known as CZ, a Chinese-Canadian business executive, and previously, a developer who worked on creating Blockchain.info and also served as chief technology officer for OkCoin, another crypto exchange.

Binance is currently the world’s largest exchange in terms of the daily trading volume of cryptocurrencies. It is indeed Coinbase’s direct competitor both in terms of trading volumes and market capitalization. 

Binance is available in more than 180 countries worldwide, though they had to create a separate company, Binance.US, specifically for United States users due to the country’s more burdensome local jurisdictional regulations. 

The exchange has faced several regulatory actions in different countries worldwide, mainly due to accusations of money laundering issues. The company had to relocate several times before finally being established and headquartered in the Cayman Islands.

Binance has earned a reputation as an exchange that sometimes has carried out some business activities before asking for permission, which has caused further regulatory issues. Acting without too many restrictions certainly favors more rapid innovation, which the exchange has shown over time and other platforms. However, it has also caused closer scrutiny from authorities. 

Soon after its launch, Binance released its cryptocurrency, Binance Coin (BNB) has grown to become one of the top five coins by market capitalization. 

In 2020, the exchange launched Binance Smart Chain (BSC), a blockchain network built for running smart contract-based decentralized applications (DApps) and allowing users to manage their digital assets cross-chain. Binance Smart Chain is supported by Coinbase Cloud, which offers secure read/write and participation infrastructure for BSC, empowering those looking to build on the chain or help secure the network.

Functionalities like Bitcoin mining, decentralized finance (DeFi) and other financial crypto services have sealed Binance’s success over the years.

  • Main platform features: Low fees, comprehensive charting options, and hundreds of cryptocurrencies
  • Fees: 0.10% spot-trading fees, 4.5% for debit card purchases
  • Number of cryptocurrencies supported: More than 500 for global traders on Binance, and 80 for U.S. investors on Binance.US
  • Security features: Two-factor authentication (2FA)verification, Federal Deposit Insurance Corporation (FDIC)-insured United States dollars (USD) balances for Binance.US, device management, address whitelisting, cold storage
  • Types of transactions supported: Limit order, market order, stop-limit order, trailing stop order, post only order, peer-to-peer trading, margin trading, one-cancels-the-other order, and more
  • Maximum trading amount: Limits differ based on the cryptocurrency purchased

Pros

  • Over 500 cryptocurrencies for trade
  • One of the cheapest platforms to use
  • Massive selection of transaction types

Cons

  • U.S. customers can’t use the Binance platform, and the Binance.US exchange is very limited
  • It can be overwhelming, even for experienced users
  • No built-in digital wallet
  • In regulatory trouble in several countries and under investigation in U.S.

2. FTX?

FTX is a leading exchange specializing in providing derivative products related to cryptocurrencies such as: Spot (instant trading), Futures Contracts (future contracts), Option (options trading), Leveraged Tokens (Margin) and OTC.

Founded by Alameda Research - one of the world's largest market makers and liquidity providers, FTX is an exchange built by investors and for investors themselves. . FTX is committed to building the best derivatives exchange by:

  • Solve the most difficult problems of the leading futures exchanges: system overload, revenues, lack of liquidity, poor quality products, ...
  • Developing new products to serve the evolving needs of the market.
  • Hear and respond to community feedback quickly: FTX was created with traders in mind, to build a strong enough platform for professional trading firms and for first-time users.

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Basic information about FTX

  • Release date: April 2019.
  • Products: Spot Contracts (Spot), Futures Contracts (Futures), Leveraged Tokens, OTC, Prediction, Option, Staking.
  • The exchange's token is FTT Token .
  • Headquarter: Hong Kong.
  • Owner: Sam Bankman-Fried, and owner of Alameda Research.

Prior to that, Alameda Research was founded in October 2017. Manages over $100 million in digital assets and trades between $600 million and $1.5 billion per day. At the same time, Alameda Research is also the main supporter of the FTX exchange.

In July 2021, FTX successfully raised a huge amount of up to $900M, and FTX was later valued at $18B.

Pros

  • Offers trading discounts while using the FTT token
  • Comes with a virtual debit card for online crypto spending
  • Large selection of supported cryptocurrencies
  • Features advanced trading solutions with support for NFTs

Cons

  • US platform is much more limited
  • Does not support some major cryptocurrencies
  • Relatively young exchange

Read more: What is FTX Exchange | How to Register, Buy and Sell on FTX Exchange

FTX vs Binance at a Glance

As pointed out in the introduction of this FTX VS Binance comparison, whenever you compare FTX, Binance, Coinbase, or any other exchange out there, in the industry, you should always do so through the lens of some set-specific features.

1. Trading Volume & Liquidity

In terms of trading volume and liquidity, Binance and FTX are ranked #1 and #3 in the world, respectively. With over $ billion in combined daily volume, both exchanges are professional-level trading platforms. High average liquidity for most large-cap cryptocurrencies means that high-volume traders and institutional traders can place large orders and avoid excess slippage.

 

2. Futures Contracts & Leverage Offerings

FeaturesFTXBinance Futures
💰 Supported Pairs39189
🚀 Maximum Leverage20x20x
⚖️ Taker Fees0.07%0.04%
🔧 Maker Fees0.02%0.02%
💳 Supported Deposit MethodsWire, Credit Card, and CryptoWire, Credit Card, and Crypto
🎁 Joining Bonus5% Off on Trading FeesN/A

Both FTX and Binance offer a wide range of cryptocurrency assets. However, FTX is purely a platform for trading crypto derivatives and provides the following products:

  • Futures:  150+ perpetual futures contracts or perpetual swaps with the quarterly expiry futures market
  • Options: Bitcoin options contracts
  • Leveraged Tokens: Leveraged positions with up to 3x leverage on 45 different ERC-20 tokens
  • MOVE: MOVE contracts (unique FTX offering) with daily, weekly, and quarterly expiry

FTX provides up to 101x leverage; however, you can adjust the leverage amount to 50x, 100x, or 101x per your market trading preferences.

Margin Trading (with Leverage)

Binance and FTX offer comprehensive and well-developed derivatives trading markets. Both exchanges are solid choices for experienced and advanced traders alike with a multitude of supported trading pairs, features, and a variety of robust trading markets to contend with.

Accessible through the main Binance website, Binance Futures is a platform that specializes in futures, margin, and derivatives crypto trading. Traders have the option of applying leverage up 100x on long and short positions on a multitude of trading pairs, including those against the popular USDT. This is where traders will have access to:

  • Perpetual or Quarterly Contracts that are settled in USDT or BUSD.
  • Perpetual or Quarterly Contracts that are settled in cryptocurrency.
  • Binance Leveraged Tokens.
  • Binance Cryptocurrency Options.

Screenshot of Binance Futures and trading pairs.

In comparison, FTX offers a wider breadth of margin trading on its derivatives exchange. In addition to the leveraged spot and futures trading (up to 125x) and leveraged tokens, FTX also offers volatility products, tokenized stocks, and MOVE contracts.

  • Spot. Optional leverage up to 10x can be applied to over 240 trading pairs.
  • Futures contracts. Stablecoin settled futures contracts that can be set for the current quarter, following quarter, or perpetually. A backstop liquidity provider is in place and over 250 trading pairs are supported.
  • Leveraged tokens. Four leverage options to choose from such as Bull (3x), Bear (-3x), Hedge (-1x), and Half (1/2x).
  • MOVE. Futures contracts that represent the absolute value of the amount the price of a coin moves over a time period.
  • Options. Similar to futures trading where the holder is not obligated to buy or sell at the future price.

Earning Yield on Crypto

FTX and Binance offer ways to earn crypto interest on holdings via staking and interest-earning accounts. While FTX staking is limited to FTT tokens with a return of 8% APY, Binance offers flexible, locked and DeFi staking on over 120 assets under a fixed, or flexible arrangements. Coins that can be staked on Binance include BNB, LUNA, SHIB, SOL, KSM, ATOM, VET and many others. Binance is one of the better staking platforms that have no additional fees.\

When it comes to earning interest on crypto, both FTX and Binance have interest savings accounts. With Binance, there is the option to choose from a Fixed Deposit or Flexible Deposit which provides slightly different crypto interest rates. Binance also offers dual investment, DeFi farming, Launchpool, and crypto savings accounts. All interest-bearing accounts can be quickly accessed on Binance Earn.

3. Trading Experience

Both Binance and FTX are designed with advanced traders in mind, and this is evident when looking at the trading experience on each platform. The user interface for both platforms offers a wide selection of technical charting tools and software, as well as the ability to customize it to a user’s liking.

Binance offers a comprehensive view of the markets, with live order books, customizable watch lists, and built-in Tradingview charting that offers hundreds of indicators and drawing tools. The order forms offer quick access to spot and margin trades, as well as multiple order types to fur control trades.

New crypto investors may feel overwhelmed with all of the options available, and some market knowledge is required to place trades on Binance. That being said, there is a “Convert” feature that allows users to simply swap between one crypto and another, without complicated charts or order forms.

Similarly, FTX has a very advanced trading platform that is also powered by Tradingview charts. This allows users to overlay technical indicators and drawings within the chart to plan a trading strategy. Users can quickly view an asset list, chart details, live order books, and customize their order form.

While the variety of trading options is similar to Binance, FTX does not show the active Unrealized Profit and Loss of an open trade like Binance does. But outside of that difference, FTX and Binance both offer multiple order types, leveraged trading, TradingView charting, and customizable dashboards.

While FTX offers access to a wide selection of markets, Binance offers far more, with over 1,500 pairs to choose from. But switching between spot trading, futures trading, and other asset trading are simpler on FTX, with a well-designed menu built into the trading window.

4. Trading Fees

Binance and FTX have a tiered fee structure that offers very low trading fees, with FTX offering slightly lower fees overall. Binance transaction fees are 0.1% for makers and takers compared to 0.02% (maker) and 0.07% (taker) on FTX. Both platforms also offer discounts to high-volume traders and holders of their native exchange tokens.

MARKETBINANCE FTX 
Spot tradingFrom 0.1% / 0.1%From 0.02% / 0.07%
Leverage tradingFrom -0.01% / 0.02%From 0.02% / 0.07%

Crypto derivatives trading on Binance offers lower transaction fees. There are even rebates for Binance Coin (BNB) holders and high-volume traders, ranging from -0.01% (maker) to 0.02% (taker). FTX leveraged trading follows the same fee structure as spot trades, offering 0.02% (maker) and 0.07% (taker). There is up to a 60% discount to FTX Token (FTT) holders, including maker rebates as low as -0.0030%.

Deposit and withdrawal fees:

When it comes to deposit and withdrawal fees, Binance takes the cake because of its more straightforward structure. Binance doesn’t charge deposit or withdrawal fees on ACH transfers in U.S. dollars or on wire transfer deposits. You will pay a $15 fee on domestic wire withdrawals.

FTX charges a standard fee of $0.50 per ACH deposit, but has a few exceptions:

  • One ACH deposit over $10 per week is free.
  • Your first ACH deposit is free.
  • Deposits over $100 are free.

For wire withdrawals, FTX allows you to withdraw less than $5,000 once per rolling week period for free. Additional withdrawals below that amount will cost you $25. Withdrawals above $5,000 are free and there’s no fee for wire deposits.

5.  Trust and Security

Binance and FTX both come with their security system, which helps keep your funds safe. Binance stores roughly 10% of all trading fees in a secure fund that is used as insurance cover in case of an attack. This was in response to a phishing attack that took place in 2019, leading to the platform suffering a loss of $40 million.

Since then, Binance has worked to restore trust among its users with tools such as a 2-factor authentication and IP and wallet whitelisting for all its accounts.

FTX also deploys a range of security measures to protect its users’ funds. The platform uses SSL encryption for all data transfer which means that any information you share is protected by cryptographic encryption. You can also whitelist specified IP addresses and wallets on FTX.

6. Wallets

Binance offers support for Trust Wallet, a custodial hot wallet that supports thousands of cryptocurrencies across most major blockchains. For cold storage, Binance also provides easy access for users to transfer their funds to both Trust Wallet and other external wallets like the Ledger, Trezor, and Coolwallet devices. Binance offers a wide range of choices for wallets, providing users with a recommendation for Trust Wallet, while also giving them the freedom to choose a cold wallet that they can more closely manage.

FTX allows users to transfer their funds using their own digital wallets, but what wallets are recommended or supported is a little unclear. FTX does not offer any guidance for choosing a wallet or any help for transferring funds to a wallet separate from the platform. However, it allows users to do so. It is assumed that major wallets will be able to connect to and obtain funds from FTX, but exact wallet support is not given by FTX.

7. Customer Support

Without a doubt, customer support is among the most important aspects to look into, when deciding between Binance VS FTX. As I’ve pointed out earlier in the article, it’s a feature that many people don’t really think about, until it’s too late.

Thus, you should look into it beforehand, when you’re just picking out the best exchange for yourself.

FTX isn’t the best option, for anyone who values live customer support. Yes, the platform does have support options - you may submit a ticket, and there’s even a number to call, too. However, the most optimal way to chat with an agent is via live chat - a feature that the exchange is missing.

On the flip side, this is where Binance excels, too. The crypto exchange platform in question does have live customer support, via a live chat feature. In order to access it, you will need to log into your account - then, an agent will be reachable in just a few simple clicks.

When you compare FTX VS Binance, is it really a big deal that FTX doesn’t have live chat support? Well, it depends. There aren’t all that many user FTX reviews that would point this out - that’s good. And, to be fair, you can still reach the platform - it will just take much more time, if you choose to correspond via email.

That being said, if you find yourself in a situation where you would need support urgently, it CAN become a large issue, even with the phone option available. This is why live chat has become the industry-standard form of communicating with support agents, too!

All in all, no matter how you look at it, the point remains true - while FTX lacks a live chat feature, Binance does have one.

8. Staking rewards

In terms of staking rewards, Binance is the winner by default because FTX does not offer staking on its platform. Staking rewards give crypto investors the chance to earn income for supporting a coin as part of the verification process. Exchanges deposit any income you’ve earned into your account after subtracting fees.

Binance offers staking on seven coins and does not charge staking fees. If staking is important to you, you might also consider using Kraken as an exchange, which offers staking on 13 coins with plans to add more in the future.

9. Cryptos available

Binance gives users over 1000 different cryptocurrencies to trade. This platform is also home to Binance Coin and Binance USD, two of the top 10 cryptocurrencies globally. Trading Binance USD and holding BNB with Binance gives extra benefits and can even give you VIP status, lessening your transaction fees. Binance is not missing many major coins, but of the two, FTX is the only place that offers FTT. For residents of the United States, Binance's dedicated Binance.US platform only offers over 100 of those choices.

FTX offers choices on over 300 cryptocurrencies, which is still no small feat, but pales in comparison to Binance's offerings, which offer roughly double that amount. FTX is missing some major options for coins, however, lacking the ability to trade both Binance Coin and Binance USD, as well as another top 10 coin, USDC. Similar to Binance, FTX's full services are restricted in the U.S., forcing users in this locale to turn to FTX.US, which offers just over 20 cryptocurrencies. This is a sizable reduction for U.S. investors compared to Binance.US's offerings.

In terms of assortment, Binance rises above FTX no matter the region. While both platforms offer a considerable amount of trades for different coins, Binance simply has more than FTX, even if one or two coins on FTX are not supported by Binance. With all the top 10 coins being supported on Binance and even more to come, this is our clear winner when it comes to offering the most types of cryptocurrency.

10. Buying & Selling NFTs

Binance and FTX offer NFT marketplaces that allow users to buy, sell, and mint NFTs. While neither platform is competing directly with independent marketplaces such as OpenSea, they both offer a decent selection of popular NFT collections. Binance supports BSC and Ethereum network NFTs, while FTX supports both Solana and Ethereum network NFTs. Binance charges a 1% fee for buying or selling an NFT, and creators receive a 1% royalty on all sales within their collection.

SIGN UP NOW: Binance
SIGN UP NOW: FTX

Which should you choose?

Binance and FTX are both highly reputable crypto exchanges that offer best-in-class derivatives and spot trading, as well as a wide range of features catering to advanced traders. With over $100 billion in combined daily trading volume, Binance and FTX have gained the world’s trust, and continue to process more transactions than most other crypto exchanges combined.

The NFT marketplace on each platform won’t impress serious investors, but the crypto yield farming features on Binance Earn surpass FTX’s offerings. As such, users looking for passive income options should choose Binance. Overall, you can’t go wrong with either exchange, which is why they are both two of our top-rated exchanges.

In short, choosing between Binance and FTX comes down to preference and trading style. Binance is a great option for both new crypto investors and intermediate traders that want access to one of the largest selections of cryptocurrencies on the planet, while FTX is better suited for advanced crypto traders that want to create custom trading strategies and programs. Overall, Binance is a slightly better platform due to its plethora of features and products that will suit various types of users.

Read more: Best Cryptocurrency Centralized Exchanges | Top Crypto Exchanges

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Binance vs. FTX Exchange Compare | Which is Better?

Binance vs. Gemini Exchange Compare | Which is Better?

Binance vs. Gemini Exchange Compare | Which is Better?

Gemini and Binance are two of the major exchanges you might be considering. 

The Gemini crypto exchange offers a full suite of options related to crypto coins and digital assets, including a credit card, mobile payment ability, and an NFT marketplace. 

Binance offers lower fees than many other exchanges, though it isn’t available in Hawaii, Idaho, New York, Texas, or Vermont. It’s also a separate sister company to Binance, the largest cryptocurrency exchange in the world — which gives it some extra baggage we think most investors should take a pass on. 

Binance

Binance, one of the largest cryptocurrency exchanges in the world, was founded in Hong Kong in 2017 by Changpeng Zhao and Beijie Technology.

They've moved their offices several times, first from China to Japan in 2017, then to Taiwan in 2018. Since April 2018, they've been headquartered in Malta.

Binance has received a fair amount of regulatory scrutiny. They opened Binance.US, managed by BAM Trading Services and based in San Francisco, after Binance was banned in 2019. A separate company, Binance.US is currently one of the top 10 exchanges listed on Coinmarketcap.

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FEATURES

  • Crypto-backed Loans: LTVs up to 65%, margin call is set at 75%, liquidation at 83% LTV; Loan terms come in 7, 14, 30, 90, and 180 periods, with no penalties for early repayment; not available in U.S.
  • Liquid Swap: Automated market-maker (AMM) platform that allows for more stable prices and lower fees for large transactions
  • Smart Pool: Enables miners to earn rewards proportionate to their participation working together as part of a larger mining group
  • Brave Widget: Binance has released a widget that can be used to trade cryptocurrency through Brave, an internet browser that aims to protect user data
  • P2P Trading: Allows users to trade crypto amongst themselves with no fees; Users set their own prices and wait for other users on the P2P platform to fulfill buy/sell orders
  • NFT Trading: Supports the creation, sale, and purchase of NFTs, and you can even win them through their Mystery Box Playground; not available on Binance.US
  • Binance Futures: Allows users to trade certain coins at high rates of leverage, up to 125x
    • Account funding and balances payments are made in Tether (USDT)
    • Trading with leverage carries high risk

Gemini

Based in NYC, Gemini is a security- and compliance-minded cryptocurrency exchange, as well as a fiduciary and a Qualified Custodian. They were founded in 2014 and started by offering secure trading of Bitcoin. They've since grown to support a fair range of crypto coins.

In 2016, they became the first licensed Ethereum exchange in the U.S., and the first licensed Zcash exchange in 2018. They are regulated by the New York State Department of Financial Services (NYSDFS).

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FEATURES

Gemini Clearing: Users can settle off-exchange crypto trades securely and safely

Gemini ActiveTrader: An advanced version of the trading platform for serious users, offering a range of trading options

Pros and Cons

 GemimiBinance
ProsUsers can trade all of the major cryptocurrencies in addition to USDLeverage up to 1:100
 Decent trading volumesLow trading and non-trading fees
 No restrictions on trading strategies13+ Account fiat currencies + 50 crypto
 Great investment programDerivatives, NFT, ETF are Available
 Gemini Pay makes it possible to pay with crypto in storesIndicators are Available
 Great data securityPassive income with staking and mining pool
 Fund withdrawals are fastStrong Research
  Near 400 supported coins
  Low fees compared to Gemini and Coinbase
  Strong OTC portal, best for P2P trading
  Low fees compared to Gemini and Coinbase
ConsWithdrawal to a debit/credit card is not availableNo tier-1 regulation
 High trading feesLimited trading assets compared to Binance International
 Limited choice of coinsNo promos
  Not allowed in 6 US states (New York, Texas, Louisiana, Hawaii, Idaho, and Vermont)
  Debit card purchase is not allowed

How do they compare?

1. SECURITY

With the very real threat of hackers and thieves, and the lack of many of the features offered by traditional banks, security is a very real concern for cryptocurrency traders. Here are some of the security features offered by Binance and Gemini.

Binance:

  • Two-Faction Authentication: Keep malicious actors from logging into your account
    • Currently supports 2FA vis SMS message and Google Authenticator, and Yubikey
  • Address Whitelist: Specify a list of specific crypto wallets to allow
    • Withdrawals that are confirmed by email
    • Prevents someone from withdrawing your assets without your knowledge
  • Secure Asset Fund for Users (SAFU): Binance pools 10% of transaction fees, and transfers it to its security fund
    • Can be used to repay investors in the event of a hack
    • Used in 2019 to pay users over $40 million

Gemini:

  • Cold Storage: User crypto stored offline in geographically distributed, air-gapped system
    • Requires multiple employees to operate
    • The small amount of crypto kept online has protection of a FIPS 140-2 Level 3 rating or higher and is insured
  • Two-Factor Authentication: Required to login or make withdrawals; Supports WebAuthn hardware security keys
  • Address Allowlisting: Limits where withdrawals are allowed
  • Rate limiting: Prevents brute force attacks
  • Encryption: Safeguards personal information
  • Multiple Signatories: Required to transfer crypto out of cold storage
  • Controlled Facilities: Objects of value such as private keys are not stored in company offices

In addition to their security features, Gemini has a policy of extreme regulatory compliance, seeking to stay ahead of any demands that state agencies might require of them. Binance, on the other hand, has a history of seeking paths forward that may put them under the scrutiny of regulators.

2. Safety & regulation

As for regulation, Gemini is superior to Binance because it is regulated by the New York State Department of Financial Services (NYDFS). Gemini is also one of the top exchanges in terms of security, due to which its services are used by many large investors (whales) from the United States. Binance and Binance US today are not regulated cryptocurrency exchanges, although each is working on getting a license. However, in favor of the Binance exchange, each member has a good reputation and the absence of any major hacks.

Regulator:GeminiBinance
SECNoNo
FINRANo (in the process)No
SIPC protectionNoNo
Other regulatorsNew York State Department of Financial ServicesNot regulated

3. Trading conditions

Gemini's basic trading conditions differ from those of Binance. Gemini has no margin trading and a smaller selection of coins is supported. At the same time, Gemini and Binance US support approximately the same number of coins.

Trading conditionsGeminiBinance
Minimum deposit$1$10
Trading platformsWeb, mobileWeb, mobile, desktop
Leverage (spot)None01:10
Number of markets1121,668
Number of coins90396
Number of trading accounts11
Base account currenciesUSD, EUR, GBP, HKD, SGD, AUD, CAD + 90 cryptosUSD, EUR, GBP +10 fiat currencies, 50+ cryptocurrencies

4. Trading assets

If your main goal is to trade Bitcoin, Ethereum, and other altcoins, Gemini might be a good choice for you. In contrast, if you need a large number of new coins, Binance would be a better choice. Both Binance and Gemini have their respective marketplace for NFT trading. Binance offers perpetual futures contracts, whereas there is no futures trading on Binance US. On the other hand, Gemini cooperates with official and licensed derivatives exchanges such as Cboe.

5. Fees:

The fees of Binance are significantly lower than those of Gemini. The TU used the ActiveTrader plan for comparison, but there are other prices offered on the Gemini exchange. It is also worth considering that it is possible to reduce commissions on Binance by an additional 25% by paying them in BNB (Binance coins). All three exchanges offer substantial discounts for traders with large trading volumes.

Trading fees

FeesGemini Binance
Max maker0.40%0.1%
Max taker0.20%0.1%
Min maker0%0.012%
Min taker0.03%0.024%
Debit/credit card purchase fee3.49%1%

Non-trading fees

Fee typeGeminiBinance
Account fee0%0%
Deposit fee0%, debit card transfer — 3.49%0%
Bank transfer withdrawal fee0%1.5 USD
Debit/credit card withdrawal feeNot supported1%
Inactivity fee0%0%

6. Margin rates

The Gemini exchange temporarily lacks the ability to trade on margin, while at Binace margin bets are quite profitable compared to most of its competitors.

FeatureGeminiBinance
BTCNot supported3.6% yearly
USDTNot supported7.3% yearly

7. Passive income tools

Binance has a larger selection of instruments for passive investing. Binance and Gemini exchanges offer staking as the main type of passive investments, but Binance has a much better choice of coins for staking and generally higher returns. In addition, Binance has its own mining pool available for investment.

Investment toolsGeminiBinance
StakingYesYes
Mining poolNoYes
Managed accountsNoNo
MAM/PAMMNoNo
OtherNoNo

8. Best trading platform

All three exchanges offer trading platforms with good technical analysis capabilities and strong security measures. The main difference between Binance and Gemini is its advanced desktop application, which many pros will love due to its superior functionality. However, most traders won't notice the difference.

 GeminiBinance
WebYesYes
DesktopNoYes
Mobile (Android, iOS)YesYes

Trading platforms | Features

 GeminiBinance
SMS-Based 2 FAYesYes
App-Based 2 FAYesYes
Voice call 2 FANoNo
Search barYesYes
FiltersYesYes

Technical analysis and charting tools

 GeminiBinance
IndicatorsYesYes
Drawing toolsYesYes
Historical tradesYesYes
Live 2 QuotesNoNo

Mobile trading

FeaturesGeminiBinance
iOS versionYesYes
Android versionYesYes
Apple Watch appNoNo
Touch IDNoYes
Face IDNoYes

Types of Orders

 GeminiBinance
MarketYesYes
LimitYesYes
Stop lossYesYes
Stop limitYesYes
Trailing stopYesYes

9. Deposits & withdrawals

All three exchanges are available for withdrawal by bank transfer and electronic payments. However, Binance has a better choice of methods for deposits and withdrawals, since it also offers options such as withdrawals to credit cards and a variety of electronic payment systems. At Binance US withdrawal is available by bank transfer and with the help of cryptocurrencies.

 GeminiBinance
Bank transferYesYes
Credit/debit cardYes (only deposit)Yes
Electronic walletsNoYes
CryptosYesYes

10. Research

All exchanges offer clients a variety of informational and analytical materials. However, Binance has a much better selection of such materials. The exchange offers advanced blockchain analytics, various tools for self-assessment of statistics, a news feed, and its own market research.

Source materialsGeminiBinance
News feedYesYes
Fundamental dataNoYes
Chart analysisNoYes
Trading ideasNoNo
Email reportsYesYes

11. Education & training

Both exchanges offer a wide range of educational materials, including articles on investments and technology, training videos, and webinars. Binance has a wider selection of such materials and is supported in several languages, while Gemini is mainly for the English-speaking audience.

SourcesGeminiBinance
Demo-account/paper tradingNoNo
CoursesNoYes
ArticlesYesYes
VideosYesYes
WebinarsYesYes
BooksNoNo

12. Support

All three exchanges operate in a 24/7 mode and maintain contact with users through online chat, email, and phone. However, Binance has an important advantage, since its support staff is multi-lingual. Binance US works in English only and communicates with users mainly through email and online chat.

FeaturesGeminiBinance
Workdays24H24H
EmailYesYes
PhoneYesYes
Online chatYesYes
OtherNoTelegram

Which should you choose?

Both Binance and Gemini have a lot to offer for new and experienced crypto traders, and you wouldn't be faulted for choosing either of them.

If price is your main determining factor, you'd be wise to choose Binance, as they will offer some of the best rates in the industry, barring commission-free exchanges. And their high liquidity ensures fewer trade-related price fluctuations.

Each exchange offers versions of the same useful features, such as staking, secure storage, and mobile pay, but users in the U.S. will find more of those features accessible on Gemini, while international traders may prefer Binance.

And for those worried about the legal future of cryptocurrency, especially in the United States, Gemini will probably prove a safer choice.

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Read more: Best Cryptocurrency Centralized Exchanges | Top Crypto Exchanges

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Binance vs. Gemini Exchange Compare | Which is Better?

Binance vs. Kraken Cryptocurrency Exchange Comparison

Binance and Kraken are included in the top largest exchanges by crypto trading volumes. Both platforms cater to millions of traders with advanced trading options, a wide range of cryptocurrencies, low fees, and mobile app support.

The crypto exchange platforms offer advanced trading options, low fees, and mobile apps. Plus, both are geared towards intermediate or advanced users. However, Binance offers slightly lower fees, more variety in coins, and additional ways to add or withdraw funds. On the other hand, Kraken is known for its high security standards, recently won bank charter approval in Wyoming, and aims to go public in 2022.

Kraken and Binance both have their pros and cons. In this post, we'll Binance vs. Kraken Cryptocurrency Exchange Comparison? Which crypto exchange is right for you?

A Brief Introduction

Kraken is a cryptocurrency exchange serving global clients from 200+ countries since 2011. The exchange offers various features, such as multiple trading platforms (mobile app and Futures app) and 80+ cryptocurrencies.

With Kraken, traders can fund their accounts with fiat currencies (USD or EUR) or cryptocurrencies. Moreover, they can benefit from margin accounts, over-the-counter (OTC) trading, and futures trading.

On the other hand, Binance is the most popular crypto exchange with extensive features and cryptocurrencies. Although it surfaced in 2017, it gained worldwide popularity due to its 500+ cryptocurrency support, a wallet feature for traders to store their funds, and relatively low trading fees.

Binance US has almost the same features, except that it is only serving US traders since 2019.

Kraken Binance
Fees: 0% to 0.26% per trade, 3.75% + €0.25 for credit card purchases, and 0.5% for online banking processingFees: 0.02% to 0.10% purchase and trading fees, 3% to 4.5% for debit card purchases, free Single Euro Payments Area (SEPA) transfer, or $15 per U.S. wire transfer
Currencies: About 70 Currencies: Over 500 
Security: 2FA withdrawal email confirmation, air-gapped cold storage, strict surveillance, precise API key permission control, SSL encryptionSecurity: 2FA verification, FDIC-insured USD balances, device management, address allowlisting, cold storage
Wallet: N/AWallet: N/A
Transactions Supported: Buy, sell, send, receive, exchange, margin trading, limit order, market order, stop-loss limit order, stop-loss market order, futures trading, take profit market order, and moreTransactions Supported: Limit order, market order, stop-limit order, trailing stop order, post only order, peer-to-peer trading, margin trading, one-cancels-the-other order, and more
Max. Daily Trading Amount: $100,000 Max. Daily Trading Amount: Limits differ based on the cryptocurrency purchased
Mobile App: iOS and Android Mobile App: iOS and Android
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ReviewReview


Pros and Cons

 KrakenBinance
Pros2 FA AuthenticationTrading With Leverage up to 1:100
 Low Minimum DepositLow Trading and Non-Trading Fees
 Passive Income With Staking3 Account Fiat Currencies + 50 Crypto
 Regulated in several countriesDerivatives, NFT, ETF Available
 Minimum maker fee $0Debit/Credit Card Withdrawal Fee – 0%
 Over 50 indicators and 16 drawing toolsIndicators Available
  Passive Income With Staking and Mining Pool
  Strong Research
ConsHigh margin ratesNo tier-1 regulation
 Not a big choice of cryptocurrencies 
 No referral program 
 Derivatives, NFT, ETF Not Available 

How do they compare?

1. Features

Two-factor authentication (2 FA). Crypto exchanges include two-factor authentication to protect your trades and transactions from any malicious activity. The three commonly-used 2 FAs are app-based, SMS-based, and voice call. While Binance supports SMS-based and app-based, Kraken offers app-based and voice call 2 FA. Neither of the platforms has all three 2 FA methods.

Search Bar. Traders can navigate the search bar to find the traded asset within no minute.

Filters. Filters help traders to find the right cryptocurrency for your trade by allowing them to sort assets based on price, reward, risks, etc.

FeaturesKrakenBinance
SMS Based 2 FANoYes
App-Based 2 FAYesYes
Voice Call 2 FANoNo
Search BarYesYes
FiltersYesYes

Technical Analysis/Charting Tools

Other important features of cryptocurrency exchanges to predict price trends are charting tools and technical analysis. These include indicators, historical trades, drawing tools, and live 2 quotes. Traders use them to avail of better market opportunities and make the most.

The indicators you use to spot resistance levels are examples of charting tools.

Kraken and Binance have all the above-listed technical analysis and charting tools.

Analysis ToolsKrakenBinance
Indicators50+50+
Drawing Tools16+16+
Historical TradesYesYes
Live 2 QuotesYesYes

2. Trading Conditions

Mobile Trading

Although both exchanges have mobile apps available for iOS and Android devices, Kraken doesn’t support Touch ID and Face ID like Binance. Moreover, both platforms aren’t compatible with the Apple Watch app either.

Binance’s Face ID and Touch ID features provide extra security to the traders.

FeaturesKrakenBinance
iOS VersionYesYes
Android VersionYesYes
Apple Watch AppNoNo
Touch IDNoYes
Face IDNoYes

Types of Orders

When comparing types of orders in this Kraken vs Binance one-on-one, Binance takes the lead over Kraken. Both platforms offer limit market, stop limit, and stop-loss orders. In addition, Binance also offers trailing stop orders which Kraken doesn’t.

OrdersKrakenBinance
MarketYesYes
LimitYesYes
Stop LossYesYes
Stop LimitYesYes
Trailing StopNoYes

3. Currencies

Kraken offers 69 coins, including three stablecoins: USD Coin (USDC), DAI (DAI), and Tether (USDT). It accepts seven fiat currencies, including USD, EUR, CAD, AUD, GBP, CHF, and JPY. U.S. investors are limited to 52 coins. 

Binance supports more than 500 coins for international users and several stablecoins like DAI, Tether, and Binance USD (BUSD). In addition, it accepts 19 fiat currencies, including USD, AUD, HKD, EUR, GBP, and INR. However, U.S. residents are limited to 47 altcoins and only USD fiat currency. 

Additionally, both crypto exchanges offer over 100 trading pairs and support popular cryptocurrencies, such as Ether (ETH), Cardano (ADA), Litecoin (LTC), Chainlink (LINK), Bitcoin Cash (BCH), Dogecoin (DOGE), and Monero (XMR). But, only Kraken offers U.S. residents Polkadot (DOT). 

4. Security

While both platforms meet strict U.S. standards for the know your customer (KYC) rule, they approach security a bit differently. For instance, Binance doesn’t dedicate any space to disclosing details on its security measures. The company mentions in an article that “Binance only holds a small percentage of coins in its hot wallets,” with the rest in cold storage.3

In contrast, Kraken stands out for its security measures and aims to improve security for the industry as a whole. It holds 95% of deposits in air-gapped, geographically distributed cold storage. In addition, they perform penetration testing, run a bug bounty program, and undergo a proof-of-reserves audit conducted by a third party. 

It’s also important to note that Kraken has been operating since 2013 and hasn’t been hacked. But Kraken and Binance have undergone distributed denial-of-service (DDoS) attacks over the years. 

Yet, Binance suffered a large-scale security breach in 2019, resulting in the theft of over $40,000,000 in Bitcoin.4 More recently, the Justice Department and the Internal Revenue service disclosed they are investigating Binance for illicit activity, according to Bloomberg.5 The outlet also reported that a blockchain forensics firm said, “more funds tied to criminal activity flowed through Binance than any other crypto exchange.”5

So while both platforms offer two-factor authentication (2FA) and other common security measures, Kraken stands out for its commitment to transparency and safety for the cryptocurrency industry. 

5. Fees

Kraken and Binance both use the maker-taker fee structure, offering much lower fees than other popular platforms such as Coinbase. At first glance, you’ll notice that Kraken fees are higher than Binance, with maker-taker fees ranging from 0% to 0.26% versus Binance’s 0% to 0.10%. 

A new trader with a low trading volume would pay a maker fee of 0.16% or a taker fee of 0.26% on Kraken. The same investor would pay a maker fee or taker fee of 0.10% on Binance. However, Binance offers a 25% fee discount if you use Binance Coin (BNB) to pay your fees, and holding more BNB also reduces your fees. 

With that said, Kraken’s fee schedule is easy to read and understand, whereas Binance is more complex and varies by VIP level. Note that fees for Kraken Pro might be different than what's detailed below, so you'll want to check with the Kraken fee schedule directly.

FeesKrakenBinance
Bank account$4 to $35Free outside of the U.S.
Wallet N/A N/A 
Debit/credit cards 3.75% + €0.25 3% to 4.5%
ACH transfer 1.7% + $0.10 Free 
Wire transfer Free to $10 deposit, $4 to $35 withdrawal $15 for U.S. customers 
Crypto conversion0.09% to 0.015%N/A
Purchases$50.02% to 0.10%
Trades0% to 0.05% maker-taker fees based on rolling 30-day volume0% to 0.1% maker-taker fees based on rolling 30-day volume and BNB holdings
Other feesNone0.50% instant buy and sell fee

6. Ease of Use

The sign-up process is similar for both exchanges, with U.S. investors required to follow strict verification methods. However, Binance reports that advanced verification (L2) can take up to 15 days and many users say it’s taking much longer. In comparison, Kraken provides clear timelines for various levels, all of which take minutes, not days, except for Pro levels which can take up to five days. 

Although Kraken and Binance focus on users with at least some knowledge of crypto and investing, Kraken’s website and exchange are easier to navigate. It’s also simpler to search for and access help articles on Kraken. But, of course, if you’re new to investing, the charting options on both platforms can feel overwhelming. 

7. Deposit and Withdrawal

Since Binance US’s fee structure differs from Binance’s, we have added a column for it. Binance allows bank transfers, credit/debit cards, electronic wallets, and crypto deposit and withdrawal methods. However, Binance US and Kraken both don’t offer electronic wallets.

Moreover, Binance US doesn’t support credit/debit cards either.

Deposit and Withdrawal MethodKrakenBinance
Bank TransferYesYes
Credit/Debit CardYesYes
Electronic WalletsNoYes
CryptoYesYes

8. Research

Many crypto exchanges offer a wide range of research features, such as newsfeed, fundamental data, chart analysis, e-mail reports, and trading ideas. Binance clearly outclasses Kraken when it comes to these research features.

Kraken doesn’t offer any research feature, while Binance has all of them except trading ideas.

Research TypeKrakenBinance
News FeedNoYes
Fundamental DataNoYes
Chart AnalysisNoYes
Trading IdeasNoNo
E-Mail ReportsNoYes

9. Education

To educate beginners, cryptocurrency exchanges also offer various educational resources, including demo accounts, courses, webinars, articles, videos, books, etc. Binance offers all these features except demo accounts and books. On the other hand, Kraken doesn’t have a demo account, courses, and books features.

Education TypeKrakenBinance
Demo-account/Paper TradingNoNo
CoursesNoYes
ArticlesYesYes
VideosYesYes
WebinarsYesYes

10. Support

Efficient customer support adds more value to a crypto exchange. Binance, Kraken, and Binance US offer 24/7 support to traders, with some exceptions.

While Binance has e-mail, phone, online chat, and Telegram customer support available, Kraken also provides support via these media except Telegram. On the other hand, Binance US only has email support.

Support FeaturesKrakenBinance
Working Days24h24h
E-mailYesYes
PhoneYesYes
Online chatYesYes
OtherNoTelegram

Which is Better?

Kraken and Binance are popular cryptocurrency exchanges, providing features like futures, margin, staking, institutional services, etc. But of course, they have major differences in fees, total cryptocurrencies, and investment options.

However, Kraken is relatively more user-friendly for American traders. But if you’re not a US citizen, want lower fees, and try numerous cryptocurrencies, Binance is the best option.

Ultimately, you’ll have to decide which features matter most to you before deciding on which exchange to choose.

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Read more: Best Cryptocurrency Centralized Exchanges | Top Crypto Exchanges

#blockchain #exchange #binance #coinbase #crypto 

Binance vs. Kraken Cryptocurrency Exchange Comparison
Jack  C

Jack C

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Gate.io vs. Binance Compare | Which one to Use for Trading Crypto

If you’re trying to choose between Binance and Gate.io, here’s a comparison to help you make a decision.

Gate.io and Binance may seem like two sides of the same coin, and depending on where you come from, this might even be the case. However, as soon as you take a closer look at all the details, some quite significant differences will appear. 

First of all, Binance’s 24-hour trading volume has exceeded $23 billion, it has more than 1000 trading pairs available, and it supports both FIAT and margin trading. Gate.io, on the other hand, has a 24-hour trading volume of about $728 million, more than 900 trading pairs, and it doesn’t support margin trading in some parts of the world.   

Both exchanges are currently among the most influential players on the market, and they are capable of attracting thousands of new traders each hour. Gate.io covers about 500 currencies and about 900 markets. 

It has a flawless IEO (Initial Exchange Offering) platform, and it’s available on mobile as well. And, on top of all that, its customer support service satisfies the highest requirements of the industry. The main disadvantages of the platform are the lack of FIAT deposits, somewhat unregulated exchange, and an overly complex user interface which makes it inappropriate for complete beginners. 

Binance prides itself on having fees that are among the lowest in the industry, and the latest statistics show it is home to more than 150 decentralized exchanges. It is famous for quick trading times and a rather simple user interface, which makes it suitable for newcomers as well. If you want to buy and sell a wide variety of cryptocurrencies using FIAT, Binance is one of the best places to do so. Its main disadvantages are the lack of FIAT currency trading pairs, slow and sometimes irresponsive customer support, and occasional security breaches. 

Read more: Best Cryptocurrency Centralized Exchanges | Top Crypto Exchanges

Gate.io

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Gate.io is widely known for quick listings of small-cap coins way before they become known to the broader public, and this makes it extremely popular among the so-called gem hunters. Experts also point out the fact that the platform offers a wide range of features including: 

  • Extensive Range of Cryptocurrencies — There are more than 800 different coins and about 1400 markets available on Gate.io.
  • User-Friendly Platform — Gate.io allows you to trade in crypto markets, participate in margin trade with 10x leverage, take part in short-term investment plans, and invest in IEOs.
  • Affordable Fees — Just like the great majority of altcoin exchanges, Gate.io imposes reasonable fees, to say the least. Of course, it is not the cheapest on the market, but if you opt for this platform, you will quickly get used to frequent discounts and bonuses.
  • Online Safety — Gate.io is maintained by a team of professionals who pay special attention to security issues. The platform implements some of the latest security algorithms and encryption technologies. It was also rated as one of the safest in terms of cybersecurity by CER.
  • Reliable Customer Support — Customer support representatives are available around the clock via live chat, and if the issue you are facing demands a longer explanation you can also submit your inquiries via email. On top of all that, you have a huge FAQ section at your disposal.

Pros

  • A wide selection of cryptocurrencies
  • Decent security features
  • Great fees

Cons

  • Has had its security breached
  • Unlicensed (unregulated)
  • Does not support fiat currencies

Binance Exchange

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Binance became famous primarily for the large number of decentralized exchanges it offers. At the moment, it is one of the most well-established brands in the crypto world and it’s trusted by millions of traders across the globe. According to experts, its strongest points are as follows: 

  • Low Trading Expenses — Trading on Binance is extremely lucrative, especially in the long term. It all depends on your ability to predict the movements of the market. Your fees will remain the same regardless of your profits.
  • Abundance of Cryptocurrencies — Binance is among the largest altcoin exchanges in the world, and it allows you to trade with more than 1000 different cryptocurrencies.
  • Buying With FIAT — Binance makes it possible to instantly buy Bitcoin and other popular cryptocurrencies with over 40 different FIAT currencies.
  • Variety of Payment Methods — Binance supports the great majority of popular payment methods. You can make deposits using everything from direct deposits and wire transfers to credit and debit cards and e-wallets.
  • Cross-Platform Availability — Unlike most of its competitors, Binance is available on all the most popular platforms and devices. You can access it via computer (macOS and Windows), mobile (android and iOS), and other less popular devices.
  • Contracts and Assets  — Buy and sell cryptocurrency contracts and assets with leveraged positions for the best ROI. Take part in margin trading with up to 3x leverage.
  • 24/7 Customer Support — Binance’s customer support team is at your disposal around the clock, and they are always ready to tackle whatever problems you might have.
  • various other services like Binance Earn, Margin & Futures trading, Binance Staking, Binance P2P, Binance Pool, Binance Grid Trading, Binance Card etc.

Pros

  • A very well-known crypto exchange platform
  • More than 500 different cryptos available
  • Two-factor authentication
  • P2P trading option
  • Emphasis on security and KYC
  • Supports fiat-crypto acquisitions

Cons

  • Might be a bit difficult for beginners

How do they compare?

FactorBinanceGate.io
Founding Date20172013
CountryChinaUSA
TypeCentralizedCentralized
LanguagesEnglish, Portuguese, German, French, Spanish, Italian, Korean, Russian, Traditional Chinese, Simplified Chinese, Dutch, Vietnamese, Turkish, Indonesian, Filipino, Polish, Slovene, Ukrainian, BulgarianEnglish, Portuguese, German, French, Spanish, Italian, Korean, Russian, Traditional Chinese, Simplified Chinese, Vietnamese, Turkish, Thai
Mobile app iOS, Android iOS, Android
Full addressValletta, NA - Malta, Malta (The exchange does not disclose the exact location of its office)Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960
Supported coins (as of June 2022)365 coins1405 coins
24h trading volume (as of June 2022)$31 billion$2.8 billion
Trading fees0.1%0.2%
Withdrawal fees (BTC)0.0002 BTC0.0005 BTC
SecurityMost funds are stored offline, live monitoring, end-to-end data encryption, 2fa verification, IP and wallet whitelisting, security notificationsThird party security audits, data encryption, firewall, anti-DDoS mechanism, IP and wallet whitelisting, 2fa verification, anti-phishing code
Security breachesYes, the latest in 2018Yes, the latest in 2015
Additional featuresBuy crypto, NFT marketplace, instant swaps, P2P service, margin trading, futures trading, crypto loans, derivatives market, interest earning, staking, mining pool, saving platform, Visa card, Binance PayBuy crypto, NFT marketplace, instant swaps, P2P service, margin trading, futures trading, crypto loans, derivatives market, interest earning, staking, cloud mining, crypto lending, social trading
Availableglobally, but not in Ontario (Canada), the USA, China, Europe (derivatives), Malaysia, Japan, UK, Thailand. In other countries Binance can be used with serious limitationsglobally, but not in China, the USA, Canada, Singapore, Malaysia, Malta, Cuba, Iran, North Korea, Sudan, Syria, Venezuela, Crimea, Bangladesh, Bolivia, Ecuador, Kyrgyzstan.

Details

TRADING FEES

When it comes to choosing a trading platform, it is important to consider the trading fee and ensure that you are not paying too much.

Talking about Binance, it has the lowest trading fee. Also, you get a 25% discount on trading fees when you pay using BNB, which is the native coin of Binance. If you don’t pay using BNB, there will be a 0.1% trading fee.

Talking about the regular trading fees, for a trading amount of below 1,000,000 BUSD will occur a maker and a taker fee of 0.1000% / 0.1000%. If you pay using BNB, then it will be 0.0750% / 0.0750%.

Also, Binance follows a different fee structure for different types of trading. So it is best to check out their website for complete info.

Just like Binance, Gate.io also has a simple tiered fee structure. The tiers are based on the last 30 days’ trading volume or GT holding.

Gate.io has a total 17 tiers. The market maker and taker fee range from 0.2% to 0.15%, which is highest to 0.065% to 0.025%, lowest for spot trading.

Also, it charges about 0.00%/0.050% (highest) to –0.025%/0.030% (lowest) for futures. Plus, if you hold a GT token in your account and use it for transactions, you will get a discounted trading fee.

SUPPORTED CRYPTOCURRENCIES

As a trader, you always want to invest in newer coins. Hence you must choose a trading platform that gives you access to a wide range of tokens. And in this case, both the exchanges let you trade in multiple tokens.

For instance, when it comes to supported currencies, Binance is a better option. Since it supports more than 500 digital assets and crypto coins. You get to trade in popular tokens like Bitcoin, Ether, Binance Coin, Dogecoin, LUNA, Litecoin, and more. Also, newer coins keep being added to the exchange.

On the other hand, Gate.io does not allow you to trade in as many coins as Binance does. But still

you will be able to trade in most of the popular cryptocurrencies like Ethereum, Bitcoin, Qtum, Dash, Ripple, EOS, Zcash, Dogecoin, and many more.

Also, if you are interested in newer coins, it is better to have your account open on different crypto exchanges like Kraken, Bybit, and FTX.

TRADING PLATFORM COMPARISON

It is also important to choose a trading platform based on the trading interface. If the trading platform isn’t easy to use, most newbies won’t be able to get started with crypto trading.

Luckily Binance has two different user interfaces for both beginners and advanced users. The trading interface is mostly suitable for advanced users, and it supports multiple chart reading options. Such as Binance’s own charting system, or you can use TradingView’s chart.

The trading interface is also pretty easy to navigate through. And you will find all the trading pairs and tools which will help you in your trading journey.

However, as a newbie, you might feel the tools are confusing to use. But they have a trading knowledge section on their website where you can learn how to use Binance or trade crypto on the exchange.

On the other hand, Gate.io also comes with a great user interface. However, beginners might find the interface too confusing to use. But it features all the tools you will need.

It supports multiple time frames, hundreds of trading indicators, drawing tools, and many more. Also, you get to see the Gete.io trading window in the left corner of the interface.

On the right side, you will find the order book and the live trades section. Under the order book, you will find an order form where you can place your orders.

SECURITY FEATURES

It is also important to choose a trading platform that offers you ultimate security. As you don’t want to lose your funds to hackers.

If we talk about Binance, then it offers you features like two-factor authentication or 2FA, addresses whitelisting, device management, the ability to restrict device access, and more.

Also, if you are from the USA, then you will have to use Binance.us trading platform. And the best part of it is that you will enjoy FDIC insurance on all your USD funds under Binance, FDIC-insured USD balances policy.

Similarly, Gate.io also has implemented strong security measures in place. For instance, it uses cold or offline storage to keep your funds. For additional security, you will get access to multi-signature addresses, two factor authentication, anti-phishing code, IP whitelisting, and more.

IS BINANCE SAFE?

Without any doubt, Binance is one of the most secure crypto trading platforms out there. The exchange has a global availability and is known for offering reliable service. Also, the exchange offers you lots of security features to protect your account. Also, you are getting FDIC insurance while using Binance.us. However, Binance has a history of hack attacks. 

IS GATE.IO A SAFE EXCHANGE?

Gate.io is another safe crypto exchange for futures out there. The company has a mandatory KYC requirement for all its users. Also, it takes all the important security measures that are needed to offer a safe trading experience to you.

Conclusion

Both exchanges are the flagship trading platforms in the crypto industry. Binance, however, has a number of advantages. There are only a few situations in which Gate.io can be a better choice. First, you may prefer Gate.io if you want to trade coins that are not listed on Binance or if you live in the country where Binance is not available.

Read more: Binance vs. Coinbase Compare

Thank you for reading!

#blockchain #exchange #binance #crypto 

Gate.io vs. Binance Compare | Which one to Use for Trading Crypto

Binance vs. Coinbase Compare | Which Crypto Exchange is Better

Binance and Coinbase stand out as the most adopted and popular crypto exchanges worldwide. Both exchanges have been around for several years. Coinbase was established as early as 2012, Binance in 2017 with very different approaches. 

Coinbase is a U.S.-based exchange designed for beginners with a simple interface and limited transaction types. Binance has a steep learning curve, supports advanced users, and provides international traders with hundreds of currency trading options.  

Although the Binance platform is user-friendly and offers three levels organized according to trading experience, it isn’t nearly as easy to use as Coinbase is. The Binance.US version is less robust with limited options and higher fees. But, you can’t beat the low cost of Binance versus Coinbase’s high prices.

It’s widely believed that Coinbase is a more straightforward platform to use. How do they compare, and is it fair to think Binance is good for beginners?

We’ll try to answer these and other questions, highlighting the main differences between the two exchanges and offering readers relevant guidelines on establishing which crypto exchange platform is best for their trading strategy.

Binance

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Binance was founded in 2017 by ​​Changpeng Zhao, also known as CZ, a Chinese-Canadian business executive, and previously, a developer who worked on creating Blockchain.info and also served as chief technology officer for OkCoin, another crypto exchange.

Binance is currently the world’s largest exchange in terms of the daily trading volume of cryptocurrencies. It is indeed Coinbase’s direct competitor both in terms of trading volumes and market capitalization. 

Binance is available in more than 180 countries worldwide, though they had to create a separate company, Binance.US, specifically for United States users due to the country’s more burdensome local jurisdictional regulations. 

The exchange has faced several regulatory actions in different countries worldwide, mainly due to accusations of money laundering issues. The company had to relocate several times before finally being established and headquartered in the Cayman Islands.

Binance has earned a reputation as an exchange that sometimes has carried out some business activities before asking for permission, which has caused further regulatory issues. Acting without too many restrictions certainly favors more rapid innovation, which the exchange has shown over time and other platforms. However, it has also caused closer scrutiny from authorities. 

Soon after its launch, Binance released its cryptocurrency, Binance Coin (BNB) has grown to become one of the top five coins by market capitalization. 

In 2020, the exchange launched Binance Smart Chain (BSC), a blockchain network built for running smart contract-based decentralized applications (DApps) and allowing users to manage their digital assets cross-chain. Binance Smart Chain is supported by Coinbase Cloud, which offers secure read/write and participation infrastructure for BSC, empowering those looking to build on the chain or help secure the network.

Functionalities like Bitcoin mining, decentralized finance (DeFi) and other financial crypto services have sealed Binance’s success over the years.

  • Main platform features: Low fees, comprehensive charting options, and hundreds of cryptocurrencies
  • Fees: 0.10% spot-trading fees, 4.5% for debit card purchases
  • Number of cryptocurrencies supported: More than 500 for global traders on Binance, and 80 for U.S. investors on Binance.US
  • Security features: Two-factor authentication (2FA)verification, Federal Deposit Insurance Corporation (FDIC)-insured United States dollars (USD) balances for Binance.US, device management, address whitelisting, cold storage
  • Types of transactions supported: Limit order, market order, stop-limit order, trailing stop order, post only order, peer-to-peer trading, margin trading, one-cancels-the-other order, and more
  • Maximum trading amount: Limits differ based on the cryptocurrency purchased

Pros

  • Over 500 cryptocurrencies for trade
  • One of the cheapest platforms to use
  • Massive selection of transaction types

Cons

  • U.S. customers can’t use the Binance platform, and the Binance.US exchange is very limited
  • It can be overwhelming, even for experienced users
  • No built-in digital wallet
  • In regulatory trouble in several countries and under investigation in U.S.

Coinbase

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The U.S.-based platform was the first mainstream Bitcoin exchange, founded by former Airbnb engineer Brian Armstrong and former Goldman Sachs trader Fred Ehrsam. It launched in the United States in June 2012, three years after the Bitcoin white paper became known worldwide. 

At first, Bitcoin was the only existing cryptocurrency traded on the platform, and for the first time, it was available for purchase via bank transfers. 

The exchange received funding from prominent venture capital companies like Union Square Ventures and Andreessen Horowitz in the first few years. It partnered with Overstock, Expedia, and Dell to allow them to accept Bitcoin payments.

Coinbase effectively has two platforms, Coinbase and Coinbase Pro. Coinbase Pro is derived from the previous platform known as GDAX (Global Digital Asset Exchange) and is aimed at more advanced traders. The straightforward Coinbase platform is designed with new crypto investors who simply need to buy or convert cryptocurrency. It can be used for educational purposes, too.  

In April 2021, Coinbase Global became the first cryptocurrency company to go public on the Nasdaq exchange via a direct listing (investments offered directly to the public with no brokers involved). The platform currently has approximately 73 million verified users, 10,000 institutions, and 185,000 ecosystem partners in over 100 countries who trust Coinbase to quickly and securely invest in cryptocurrencies and use it as a means of exchange.

Coinbase has primarily succeeded in staying on the right path on the regulatory side. However, the crypto community has widely criticized it for working tightly with the IRS and the equivalent office in other countries to reveal personal data for taxation purposes. 

  • Main platform features: Intuitive, beginner-friendly platform offering basic transactions, a digital wallet, and withdrawals to PayPal
  • Fees: 0.50% per trade, 3.99% for credit card purchases, 1.49% for Coinbase wallet or bank account purchases, and wire transfers are $10 for deposit and $25 for withdrawal
  • Number of cryptocurrencies supported: 107
  • Security features: 2FA verification, insurance for hot storage if Coinbase is breached, biometric fingerprint logins, cold storage, FDIC-insured USD balances, AES-256 encryption for digital wallets
  • Types of transactions supported: Buy, sell, send, receive, and exchange
  • Maximum trading amount: Limits vary based on your payment method and region
     

Pros

  • Extremely user-friendly platform
  • Well-known and trusted by U.S. regulators
  • Multiple ways to purchase cryptocurrency

Cons

  • Expensive fees for transactions and payment methods
  • Limited advanced options for expert traders
  • Fewer transaction types than other platforms

How do they compare?

PlatformsBinanceCoinbase
Main platform featuresLow fees, comprehensive charting options, and hundreds of cryptocurrenciesIntuitive, beginner-friendly platform offering basic transactions, a digital wallet, and withdrawals to PayPal
Fees0.10% spot-trading fees, 4.5% debit card purchases0.50% per trade, 3.99% for credit card purchases, 1.49% for Coinbase wallet or bank account purchases, and wire transfers are $10 for deposit and $25 for withdrawal
Number of cryptocurrencies supportedOver 500 for global traders on Binance. 60 available for U.S. investors on Binance.US107
Security features2FA verification, FDIC-insured USD balances for Binance.US, device management, address whitelisting, cold storage2FA verification, insurance for hot storage if Coinbase is breached, biometric fingerprint logins, cold storage, FDIC-insured USD balances, AES-256 encryption for digital wallets
Types of transactions supportedLimit order, market order, stop-limit order, trailing stop order, post only order, peer-to-peer trading, margin trading, one-cancels-the-other order, and moreBuy, sell, send, receive, and exchange
Maximum trading amountLimits differ based on the cryptocurrency purchasedLimits vary based on your payment method and region

1. Features

Since the platforms are meant for different types of people, you’ll notice vast differences in their feature sets. However, both provide mobile applications with watch lists or live price tracking. But the similarities stop there. 

With Binance, you’ll get the following:

  • A rewards center offering challenges and giveaways as a way to earn cryptocurrency
  • Advanced charting with hundreds of indicators and overlays
  • Public application programming interface (API) keys for integrating other software tools
  • More than 13 transaction types on Binance
  • The option to use the third-party digital wallet, Trust Wallet
  • Users in over 180 countries can trade on Binance, but only 43 states can use Binance.US, excluding Connecticut, Hawaii, New York, Texas, Vermont, Idaho, and Louisiana

Furthermore, U.S. customers can’t pay via credit card or complete margin trades, whereas Coinbase supports credit card payments, and you can make margin trades on Coinbase Pro. 

In comparison to Binance, Coinbase offers more features for U.S. residents but fewer options for international traders. The features include:

  • A secure, standalone digital hot wallet that you can use with Coinbase and other exchanges
  • The ability to withdraw funds to your PayPal account
  • Available for use in over 100 countries and 49 states, with no trading allowed for residents of Hawaii
  • A newsletter showcasing the latest cryptocurrency news
  • The optional Coinbase Pro platform with limited charting features, including the ability to track exponential moving averages
  • Can earn cryptocurrency by watching short videos

2. Fees

Binance fees are some of the lowest in the industry, whereas Coinbase’s prices are some of the highest. Although U.S.-based users will pay slightly more on Binance.US, it’s still much cheaper than using Coinbase.

On average, you’ll pay 0.50% per Coinbase transaction plus extra convenience charges based on your payment method, so you might pay up to 4% per transaction. Binance uses a maker-taker structure with the same fees for both makers and takers. The fee chart can be confusing for beginners but offers vastly lower charges, especially for high-volume traders. Binance users can lower costs by:

  • Purchasing Binance (BNB) tokens to pay fees with a 25% discount
  • Ability to refer friends to earn a discount on trading fees
  • High-volume traders can level up for very important person (VIP) discounts
FeesBinanceCoinbase
Bank accountFree outside of the U.S.1.49%
WalletN/A1.49% 
Debit/credit cards4.5%3.99%
Automated clearinghouse (ACH) transferN/AFree
Wire transfer$0$10 deposit, $25 withdrawal
Cryptocurrency conversionFree, however Binance has a spread above market price0.50% to 2%
Purchases0.1%0% to 0.50%
Trades0.1%0.50%
Other fees0.50% instant buy and sell fee$0.99 to $2.99 based on the amount

3. Wallets

Leaving crypto assets on exchanges is not recommended for beginners and advanced users because single-server platforms are more vulnerable to hacking attacks than distributed systems. 

There are different types of cryptocurrency wallets, and many are hot wallets – as opposed to cold wallets or storage – that work when connected to the internet. Internet-based wallets are more vulnerable to hacking attacks, and therefore, users should consider the best protection for their assets. 

Moreover, crypto exchange wallets are custodial, meaning that the exchanges own custody of their customers’ assets, which might be risky if the exchange goes bankrupt or suddenly closes business for different reasons, as happened in the past with the Canadian Exchange Quadriga, for example.

With custodial wallets, users never have complete control of their crypto assets as the exchange acts as a bank; thus, the owners do not possess the private keys to claim full ownership.

On the other hand, moving assets out of the custodial wallet means that the owners need to take full responsibility for their investments, and if they lose the private keys, they might lose access to their funds too.

Coinbase and Binance both have stand-alone crypto wallet apps or browser versions. The Trust Wallet was acquired by Binance in 2018, and it is now the official Binance wallet.

It supports over 53 blockchains and over 1 million digital assets, including DApps and NFTs.

With over five million users, Trust Wallet secures assets with a PIN, biometric access, encrypted key as well as a 12-word recovery phrase. It allows earning interest on the stored cryptocurrencies and staking coins, giving currency holders some decision power on the network by voting and generating an income. 

The Coinbase Wallet allows users to store over 4000 crypto assets in one place, including cryptocurrencies, NFTs and DApps. It can be used both on mobile or browser, and it’s supposed to protect digital assets with industry-leading security. 

It secures assets with a password and biometric access controls. It also provides extra protection with an encrypted 12-word recovery phrase that allows access to the wallet. 

Like their standard trading platform counterpart, the Coinbase wallet is intuitive and easy to use, while the Binance Trust Wallet is less straightforward but offers lower fees. 

4. Supported Currencies

Binance is well-known for its massive altcoin list, with more than 500 choices available to non-U.S. users. However, the Binance.US exchange supports only 80 coins. Coinbase offers 107 trading currencies on its regular platform and 57 on the Coinbase Pro exchange.

Coinbase also supports fiat currencies, including USD, British pound sterling (GBP), and euro (EUR), whereas Binance supports 18 fiat currencies, such as USD, EUR, Australian dollar (AUD), GBP, Hong Kong dollar (HKD), and Indian rupee (INR). Depending on your location, Binance offers 50 to 591 cryptocurrency pairs, while Coinbase supports 107 for users in the United States. 

The following cryptocurrencies are on Binance but not Coinbase: vechain (VET), harmony (ONE), vethor token (VTHO), dogecoin (DOGE), and qtum (QTUM). On Coinbase, you’ll find wrapped bitcoin (WBTC), aave (AAVE), sushiswap (SUSHI), and celo (CGLD). Both platforms support popular and up-and-coming currencies such as:

  • Dash (DASH)
  • Storj (STORJ)
  • Cosmos (ATOM)
  • Compound (COMP)
  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Cardano (ADA)

5. Security

Cryptocurrency exchanges do not receive protection from the FDIC or the Securities Investor Protection Corp. as traditional cash and securities assets do. Coinbase and Binance have their own approaches to security.

Coinbase’s:

  • Coinbase keeps  2% of customer funds online and stores the rest offline in what is termed “cold storage” (a safe or otherwise secure offline location).
  • Coinbase asserts that all of the digital currency held on its platform is insured for particular criminal circumstances, such as individual account breaches or theft by Coinbase employees.

Binance’s:

  • Binance.US holds U.S. dollar deposits at custodial bank accounts, which are typically insured by the FDIC for up to $250,000 per customer.
  • To date, Binance.US has not reported any security issues. However, its partner, Binance, has acknowledged that in 2019, hackers compromised the Binance network and stole 7,000 bitcoins. Affected users were reimbursed by the company.

6. Staking rewards compared 

Staking lets investors earn income with their crypto by contributing to a particular asset's proof-of-stake (PoS) network. When users stake crypto, they make the underlying blockchain of that asset more secure and more efficient, and, in exchange, they get rewarded with more assets from the network. 

Without the need to manage private keys, trade, or perform other complicated tasks, users simply can participate in staking projects and earn cryptocurrencies easily and safely by submitting a simple request.

Coinbase and Binance both support staking for multiple cryptocurrencies and digital assets. 

Coinbase:

Besides earning cryptocurrencies by watching educational videos, Coinbase offers a staking service for a limited number of cryptocurrencies, including ETH, Tezos (XTZ) and Algorand (ALGO).

Binance:

Binance offers DeFi staking and locked staking. DeFi stacking helps proxy users to participate in related decentralized projects in a user-friendly and straightforward manner. 

“Locked staking” refers to the process of locking digital assets on a PoS blockchain for a specific time. This contributes to the network and also provides the user with staking rewards.

Which should you choose?

There isn’t a better platform; it’s mainly a question of which is more suitable for the new user or for any user, based on their investment goals. 

They both have advantages and disadvantages, but if we had to define the two exchanges in a nutshell, Coinbase is easier to use and ideal for the beginner while Binance is cheaper and better suited to the advanced trader.

However, there is much more to consider before choosing the platform to start a journey into crypto trading and investment, and we encourage you to read on to find out more.

Frequently Asked Questions

  • How Do Binance and Coinbase Work?

Both platforms function as an online brokerage for cryptocurrencies. Users deposit fiat funds to buy, sell, or trade digital currencies. The signup process is similar for both, but international Binance users won’t need to show a photo ID to verify their account. However, Binance.US requires a photo ID. 

You’ll create an account in both cases, verify your email, and add funds from an acceptable method. Once you’re ready to make a trade, you head to the exchange platform, create an order for the desired altcoin, and follow the on-screen steps. The exchanges store the cryptocurrency until you move it to a digital bitcoin wallet, trade it, or withdraw it.

  • Is It Safe to Hold Cryptocurrency in the Binance or Coinbase Exchanges?

Although Binance and Coinbase are among the best crypto exchanges, users are encouraged to store funds in a hardware wallet for long-term savings. Any currencies held online may be a target of hackers, and most exchanges have experienced breaches, including Binance in 2019.6

Although Coinbase told The New York Times that it's never been hacked and only 0.004% of its users experienced account takeovers in the year ending April 2021, mistakes can happen on your end, putting your coins at risk.7 

Both Binance and Coinbase insure their hot storage, but it may be safer to use your own cold storage via a hardware wallet. A hardware wallet is a device that isn’t connected to the internet, and you’ll need to plug it into your computer to access your digital currency.

  • Who Should Use Binance or Coinbase?

Coinbase is perfect for beginners who prioritize convenience and security. The user-friendly platform is very easy for nearly anyone to use, and when you open the application, you’ll see a clean interface with minimal options. As a trusted, U.S.-based exchange, it’s a good fit for users wary about buying or trading cryptocurrency. However, you pay a higher price for convenient deposit and withdrawal options. 

Binance is suitable for experienced investors wanting advanced trading options and plenty of analytics to back up their strategy decisions. Novice users will experience a learning curve, but once you learn your way around, it gets easier. With low fees, over 500 cryptocurrencies, and availability in more than 180 countries, Binance is an excellent choice for non-U.S. residents wanting a sophisticated platform.

Read more: Best Cryptocurrency Centralized Exchanges | Top Crypto Exchanges

Here’s a look at two well-established exchanges, Coinbase and Binance, and what you should consider to help you decide which may be better for you.

Thank you for reading!

#blockchain #exchange #binance #coinbase #crypto 

Binance vs. Coinbase Compare | Which Crypto Exchange is Better
Ngoc  Anh

Ngoc Anh

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Gate Exchange là gì | Cách đăng ký, mua và bán trên Gate Exchange

Trong bài đăng này, bạn sẽ tìm hiểu Gate Exchange là gì, Cách đăng ký, Mua và Bán trên Gate Exchange?

Gate.io là một trong những sàn givao dịch tiền điện tử lâu đời nhất từ ​​Trung Quốc hoạt động từ năm 2013. Sau khi được đổi tên thành Gate.io vào năm 2017, nó là một trong những nền tảng tiền điện tử phát triển nhanh nhất với nền tảng Cung cấp trao đổi ban đầu (IEO) hàng đầu , nhiều loại tiền điện tử, giao dịch ký quỹ với đòn bẩy và các dịch vụ tài chính tiên tiến khác như cho vay hoặc vay ký quỹ.

Mặc dù có một công cụ giao dịch mạnh mẽ, giao diện nền tảng có vẻ hơi lộn xộn và nói chung không phải là nơi khởi đầu tốt nhất cho các nhà đầu tư thiếu kinh nghiệm.

Ưu điểm

  • Hơn 180 loại tiền tệ và gần 400 thị trường
  • Nhiều tính năng bao gồm giao dịch ký quỹ với đòn bẩy gấp 10 lần.
  • Nền tảng IEO xuất sắc
  • Nền tảng khả thi với các ứng dụng di động
  • Hỗ trợ khách hàng tốt

Nhược điểm

  • Không có tiền gửi fiat
  • Trao đổi không được kiểm soát
  • Đội ngũ không minh bạch
  • Giao diện trao đổi có phần hơi rối mắt
  • Không khuyến khích cho người mới bắt đầu

Phí Gate.io

Giống như hầu hết các sàn giao dịch tiền điện tử khác, Gate.io tính phí khá cạnh tranh. Nếu bạn chọn giao dịch trên nền tảng, bạn sẽ không phải trả phí đặt cọc, 0,2% phí giao dịch ký quỹ và giao ngay cũng như một khoản phí rút tiền nhỏ thay đổi cho mỗi loại tiền điện tử được rút.

Bên cạnh đó, Gate.io thưởng cho các nhà giao dịch tích cực nhất của mình bằng các khoản chiết khấu phí giao dịch hữu ích. Dưới đây là biểu phí chiết khấu theo khối lượng dành cho các nhà giao dịch trao đổi  3 BTC và các loại tiền  điện tử giá trị hơn hàng tháng. Chiết khấu áp dụng cho phí giao dịch tiêu chuẩn 0,2%.
Đánh giá Gate.io

Ngoài chiết khấu theo cấp khối lượng, Gate.io cũng cung cấp chiết khấu gói Điểm cho phí giao dịch. Bạn có thể nhận được 1 khoản khấu trừ phí giao dịch USDT cho mỗi điểm bạn sở hữu. Điểm có thể được mua thông qua phần ví Gate.io của người dùng bằng mã thông báo USDT.

Các khoản phí khác nhau áp dụng cho các giao dịch hợp đồng vĩnh viễn của Gate.io. Tại đây, Gate.io khuyến khích hoạt động tạo thị trường với  khoản phí Maker âm -0.025%  (thực tế trả cho bạn bằng BTC) và tính phí  Taker 0,075% . Các chi phí cũng có thể được chi trả bằng cách sử dụng Điểm.

Nhìn chung, Gate.io nằm dưới mức giá rẻ so với tất cả các sàn giao dịch tiền điện tử. Nó có thể không phải lúc nào cũng rẻ nhất, nhưng nó tạo thành một sàn giao dịch an toàn và bảo mật cho các nhà giao dịch thuộc mọi tầng lớp xã hội.

Đăng ký tài khoản giao dịch trên Gate.io

Đầu tiên, bạn truy cập vào sàn giao dịch Gate.io theo đường dẫn: https://www.gate.io/signup

Giao diện mặc định là tiếng Anh, tuy nhiên bạn có thể chọn ngôn ngữ tiếng Việt như hình bên dưới để thao tác dễ dàng hơn.

Vui lòng điền các thông tin cần thiết như bên dưới:

  • Quốc tịch của bạn: Sàn được tự động đặt thành "……".
  • Tên người dùng: Tên anh trai bạn, bao gồm các chữ cái hoặc chữ cái và số.
  • Mật khẩu đăng nhập: Vui lòng nhập mật khẩu có ít nhất 6 chữ số.
  • Xác nhận mật khẩu đăng nhập: Vui lòng nhập lại mật khẩu trên.
  • Địa chỉ email: Địa chỉ email của bạn.
  • Mật khẩu thanh toán: Như tôi đã nói ở trên, đây là mật khẩu thứ hai của bạn. Mật khẩu này phải khác với mật khẩu tài khoản.
  • Xác nhận mật khẩu thanh toán: Vui lòng nhập lại mật khẩu thứ hai.
  • ID người mời: Đây là mã mời theo chương trình hoa hồng của sàn giao dịch. Bạn có thể để trống.

☞  ĐĂNG KÝ TRÊN GATE.IO

Giống như một số sàn giao dịch khác như Binance, Gate.io có hệ thống CAPTCHA cho phép người dùng trượt một “mảnh ghép” vào vị trí trước khi có thể đăng nhập. Sau khi vượt qua CAPTCHA, bạn sẽ được gửi một email có liên kết xác nhận đến tài khoản mà bạn đã đăng ký. Nhấp vào nó để được chuyển hướng đến Gate.io với tư cách người dùng mới, nơi bạn sẽ đăng nhập lại và xem trang tổng quan, nhưng lần này với tên người dùng và số liệu thống kê tài khoản của bạn chiếm không gian trước đây là biểu mẫu đăng nhập.

Gửi tiền

Khi bạn đã xác nhận email của mình và có thể đăng nhập vào Gate.io, bạn sẽ nhận thấy rằng cuối bảng điều khiển có hai thông báo. Một thông báo cho biết “Vui lòng đăng ký tên thật trước khi tiếp tục” và thông báo kia cho biết “Bạn phải kích hoạt mật khẩu dùng một lần (TOTP) hoặc thêm số điện thoại của bạn”. Cả hai điều này đều không đúng, vì người dùng có thể gửi tiền điện tử vào ví Gate.io của họ mà không cần 2FA hoặc xác minh thêm.

Tuy nhiên, điều quan trọng là phải bảo mật tài khoản của bạn khi sử dụng bất kỳ sàn giao dịch nào. Để thiết lập 2FA, hãy nhấp vào Ví ở đầu bất kỳ trang Gate.io nào. Bạn cũng có thể nhấp vào nút Gửi tiền trong bảng điều khiển người dùng của trang tổng quan của bạn. Phía bên trái của trang Ví cung cấp tất cả các tùy chọn cấu hình tài khoản có sẵn cho người dùng Gate.io, bao gồm xác minh thêm tài khoản và cài đặt 2FA.

Cho dù bạn đã trải qua quá trình xác minh ID nâng cao, thiết lập 2FA hay xử lý cả hai khía cạnh này, thì việc gửi tiền điện tử là một quá trình đơn giản. Cần lưu ý rằng đối với hệ thống tài khoản cấp được Gate.io sử dụng, người dùng không tiến hành xác minh mà chỉ thông qua khối lượng giao dịch. Ngoài ra, việc xác minh không ảnh hưởng đến khả năng gửi tiền, giới hạn tiền gửi của họ (không giới hạn), cũng như giới hạn rút tiền của họ (100.000 đô la mỗi ngày).

  1. Nhấp vào liên kết Ví ở đầu trang Gate.io hoặc liên kết Gửi tiền trên bảng điều khiển hiển thị thông tin người dùng cơ bản của bạn.
  2. Bạn sẽ thấy trang Quỹ liệt kê từng ví được liên kết với các loại tiền tệ được liệt kê trên Gate.io.
  3. Là một sàn giao dịch tiền điện tử nghiêm ngặt, không có cổng fiat, có nghĩa là cách duy nhất để thêm tiền là nhấp vào Gửi tiền bên cạnh tiền điện tử có liên quan.
  4. Gate.io sẽ chuyển hướng bạn đến một trang tạo địa chỉ gửi tiền cho mỗi đồng tiền bạn muốn gửi.
  5. Sao chép địa chỉ này và dán vào ví bạn đang rút tiền, sau đó đợi chuỗi khối xác nhận giao dịch và gửi tiền vào ví Gate.io.

Cách sử dụng Gate.io

☞  ĐĂNG KÝ TRÊN GATE.IO

Giao dịch giao ngay

① Thị trường 

② Thống kê giao dịch 24 giờ của cặp tiền 

③ Biểu đồ hình nến và các công cụ phân tích kỹ thuật 

④ Nhấp vào "Ký quỹ chéo 3X" để vào trang giao dịch ký quỹ chéo của cặp tiền này. "3X" cho biết tỷ lệ đòn bẩy cao nhất là 3. 

⑤ Nhấp vào "Ký quỹ Cô lập 10X" để vào trang giao dịch ký quỹ cô lập của cặp tiền này. "10X" cho biết tỷ lệ đòn bẩy cao nhất là 10. 

⑥ Nhấp vào "Perp" để vào trang giao dịch hợp đồng của cặp giao dịch này. "20X" cho biết tỷ lệ đòn bẩy cao nhất là 20. 

⑦ Nhấp vào "ETF 3X" để vào trang giao dịch mã thông báo đòn bẩy của cặp này. "3X" cho biết tỷ lệ đòn bẩy cao nhất là 3. 

⑧ Nhấp vào "Khai thác thanh khoản" để mở menu cài đặt khai thác thanh khoản.

⑨ Thay đổi đơn vị tiền tệ mặc định 

⑩ Đơn đặt hàng chiến lược 

⑪ Mua và bán 

⑫ Đơn đặt hàng bán

 ⑬ Đơn đặt hàng mua 

⑭ Giao dịch mới nhất 

⑮ Nhấp để vào phòng trò chuyện

Cách Thực hiện Giao dịch Giao ngay (trên Web)

Bước 1: Đăng nhập vào tài khoản của bạn. Nhấp vào "Giao dịch Giao ngay" bên dưới "Giao dịch" trên thanh điều hướng trên cùng. Bạn có thể chọn phiên bản "tiêu chuẩn" hoặc "chuyên nghiệp". Hướng dẫn này sử dụng phiên bản tiêu chuẩn.

img

Bước 2: Tìm kiếm và nhập cặp bạn muốn giao dịch.

img

Bước 3: Đặt giá mua / bán và số tiền mua / bán (hoặc tổng quy đổi). Sau đó nhấp vào "Mua" / "Bán".

(Lưu ý: Tỷ lệ phần trăm trong hộp "Số tiền" đề cập đến các tỷ lệ phần trăm nhất định của số dư tài khoản.)img

Bước 4: Bấm vào các mức giá cuối cùng trên sổ đặt hàng để đặt giá mua / bán một cách thuận tiện.

img

Bước 5: Xác nhận giá và số tiền. Sau đó bấm vào "Đặt hàng".

img

Bước 6: Sau khi đặt hàng thành công, bạn sẽ xem được trong mục "Đơn hàng của tôi" ở cuối trang. Bạn cũng có thể hủy đơn hàng tại đây bằng cách nhấp vào "Hủy".

img

Cách thực hiện giao dịch giao ngay (trên APP)

Bước 1: Mở ứng dụng di động Gate.io và đăng nhập vào tài khoản của bạn. Nhấp vào "Giao dịch" trên thanh điều hướng dưới cùng để vào trang giao dịch giao ngay.

① Chọn cặp bạn muốn giao dịch 

② Đặt cấu hình đơn hàng (giá và số lượng). 

③ Bấm vào các mức giá cuối cùng trên sổ đặt hàng để đặt giá mua / bán một cách thuận tiện. 

④ Lối vào biểu đồ hình nến của cặp tiền đã chọn.


 

Bước 2: Kiểm tra kỹ giá và số tiền đặt hàng đã chính xác chưa, sau đó click vào “Xác nhận”.

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Bước 3: Sau khi đặt hàng thành công, bạn sẽ xem được ở mục "Đơn hàng" ở cuối trang.


 

Bước 4: Bấm xem chi tiết đơn hàng bất kỳ trong danh sách. Trước khi đơn đặt hàng được thực hiện, người dùng có thể hủy bằng cách nhấp vào "Hủy".

Cách xem lịch sử đặt hàng

Đăng nhập vào tài khoản của bạn. Đi tới "Đặt hàng" - "Đơn hàng Giao ngay".img

Chọn từ "Đơn đặt hàng của tôi" và "Giao dịch của tôi" (đơn đặt hàng đã thực hiện). Sau đó, chọn loại đơn đặt hàng, cặp và khung thời gian. Nhấp vào "Bộ lọc" để áp dụng bộ lọc và bắt đầu tìm kiếm.img

Ghi chú:

1. Không có giới hạn thời gian để lệnh có hiệu lực. Họ được lấp đầy ngay khi giá cả phù hợp.

2.Chỉ khi giá thị trường khớp với giá bạn đã đặt, đơn đặt hàng mới được thực hiện. Nếu giá thị trường không khớp với giá đã đặt, các lệnh sẽ tiếp tục chờ đợi. Trước khi đơn đặt hàng được thực hiện, người dùng có thể hủy chúng bất cứ lúc nào mà không kèm theo bất kỳ phí xử lý nào.

3.Sau khi hủy đơn đặt hàng, tiền sẽ được trả lại vào tài khoản của bạn. Khoản tiền hoàn lại có thể được xác nhận trong số dư và lịch sử giao dịch. Khi giá mua đã đặt cao hơn giá thị trường, lệnh giới hạn sẽ được thanh toán theo giá thị trường.

4.Khi giá bán đã đặt thấp hơn giá thị trường, lệnh giới hạn sẽ được thanh toán theo giá thị trường.

Cách kiểm tra lịch sử đơn hàng trên ứng dụng di động Gate.io:

Mở ứng dụng Gate.io và đăng nhập vào tài khoản của bạn. Nhấp vào "Giao dịch" trên thanh điều hướng dưới cùng. Sau đó chọn cặp.

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Cuộn xuống và đi đến "Đơn đặt hàng". Chọn "Lệnh giới hạn" để xem lịch sử đơn hàng.

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Nếu bạn đang tìm kiếm tập dữ liệu lớn hơn về lịch sử đơn hàng, hãy nhấp vào biểu tượng "đồng hồ sổ cái".

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Hồ sơ đơn hàng chi tiết có thể được xem trong "Đơn hàng" và "LỊCH SỬ". bạn có thể áp dụng các bộ lọc (khung thời gian, thị trường, loại mua / bán) trên toàn bộ tập dữ liệu để chọn thông tin bạn cần. Trong "LỊCH SỬ", bạn có thể chọn bản ghi đơn hàng bằng cách chọn khung thời gian cụ thể. (Lưu ý: nếu có quá nhiều đơn hàng bị hủy, bạn có thể bật "Ẩn đơn hàng đã hủy".)img

Cách xem lịch sử giao dịch

Cách kiểm tra lịch sử giao dịch trên trang web Gate.io:

Đăng nhập vào tài khoản của bạn. Đi tới "Đặt hàng" - "Đơn hàng Giao ngay".img

Nhấp vào "Lịch sử giao dịch". Chọn thị trường và khung thời gian để tra cứu lịch sử giao dịch của thị trường đó trong khung thời gian đã chọn.img

Lưu ý: Nhấp vào nút "tải xuống" ở trên cùng bên phải để xuất lịch sử giao dịch. Mỗi người dùng có thể tải xuống lịch sử giao dịch tối đa 30 lần một ngày.

Cách kiểm tra lịch sử giao dịch trên ứng dụng di động Gate.io:

Mở ứng dụng Gate.io và đăng nhập vào tài khoản của bạn. Nhấp vào "Exchange" trên thanh điều hướng dưới cùng. Sau đó chọn cặp.

Nhấp vào "Giao dịch" - "Giao dịch của tôi" để kiểm tra lịch sử giao dịch của cặp giao dịch đã chọn.

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Bấm vào biểu tượng “đồng hồ sổ cái” bên trái màn hình để xem đơn hàng, lịch sử đặt hàng và lịch sử giao dịch.
 

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Trong "Lịch sử giao dịch", bạn có thể áp dụng các bộ lọc (khung thời gian, thị trường, loại mua / bán) trên toàn bộ tập dữ liệu để chọn thông tin bạn cần.

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Gate.io xuất sắc trong việc cung cấp tuyển chọn toàn diện các loại tiền điện tử và làm cho chúng có thể tiếp cận được với nhiều đối tượng nhà giao dịch. Đối với một sàn giao dịch không yêu cầu nhiều xác minh (và bản thân nó không được kiểm soát), các công cụ bảo mật và các tính năng giao dịch khác của Gate.io là tiên tiến. Các cựu chiến binh cũng sẽ đánh giá cao việc bổ sung ký quỹ cho giao dịch, cho vay và đi vay cũng như các loại lệnh đặc biệt giúp kiểm soát tốt hơn các giao dịch của họ. Nhìn chung, sàn giao dịch sẽ thu hút các nhà giao dịch có tâm lý thích rủi ro cao hơn và có nhu cầu tiếp xúc với altcoin.

☞  ĐĂNG KÝ TRÊN GATE.IO

🔺 KHUYẾN CÁO: Thông tin trong bài đăng không phải là lời khuyên tài chính, chỉ dành cho MỤC ĐÍCH THÔNG TIN CHUNG. Giao dịch tiền điện tử RẤT RẤT rủi ro. Đảm bảo rằng bạn hiểu những rủi ro này và bạn chịu trách nhiệm về những gì bạn làm với tiền của mình.

Đọc thêm: Sàn OKEx là gì? | Cách đăng Ký, Mua Và Bán Trên OKEx Exchange

Cảm ơn bạn !

#blockchain #cryptocurrency #exchange 

Gate Exchange là gì | Cách đăng ký, mua và bán trên Gate Exchange
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Ngoc Anh

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Deribit Exchange Là Gì | Sàn Giao Dịch Tương Lai Tiền điện Tử

Trong bài đăng này, bạn sẽ tìm hiểu Deribit Exchange là gì - Tùy chọn tiền điện tử và Sàn giao dịch tương lai

1. Deribit Exchange là gì?

Deribit là một sàn giao dịch tiền điện tử cung cấp các tùy chọn, hợp đồng tương lai và các giao dịch phái sinh khác chỉ dành cho Bitcoin và Ethereum. Sàn giao dịch này có trụ sở tại Panama và không có sẵn ở Mỹ hoặc Nhật Bản, nhưng nó hỗ trợ hầu hết các quốc gia khác trên thế giới. Được thiết kế cho những người dùng muốn giao dịch tiền điện tử phái sinh với đòn bẩy, Deribit cung cấp các loại lệnh nâng cao, báo cáo giao dịch và thực hiện giao dịch cực nhanh. Đó là một nền tảng tuyệt vời cho các nhà giao dịch tiên tiến, nhưng nó không phù hợp cho người mới bắt đầu.

Các nhà giao dịch thường chơi với nhiều đòn bẩy, nghĩa là họ vay tiền để tăng quy mô lợi nhuận tiềm năng trong khi có nguy cơ thua lỗ lớn hơn. Giống như các sàn giao dịch tiền điện tử khác, Deribit hoạt động 24 giờ một ngày, 7 ngày một tuần.

Deribit là một sàn giao dịch tiền điện tử, có nghĩa là nó không cho phép gửi tiền bằng tiền pháp định, như đô la Mỹ, euro hoặc rupee. Nó nói rằng nó sẽ thêm những thứ này khi nó được phép, mặc dù điều này có thể sẽ sớm xảy ra; các cơ quan quản lý đã thẳng tay đàn áp các sàn giao dịch phái sinh chưa đăng ký hoặc cấm hoàn toàn, đánh giá chúng là bất hợp pháp.

Deribit cho biết họ giữ hơn 99% tiền gửi của khách hàng trong kho lạnh, được cất giữ trong các hầm với nhiều két ngân hàng. Kho lạnh đề cập đến ví tiền điện tử ngoại tuyến; thường không lớn hơn ổ USB, những ví này không thể bị tấn công bằng các phương tiện thông thường vì tất cả các hoạt động yêu cầu khóa riêng, tương đương với mật khẩu của ví, đều được giữ ngoại tuyến.

Deribit sử dụng một giải pháp phần mềm từ công ty điều tra và phân tích chuỗi khối Chainalysis để theo dõi hoạt động rửa tiền và các địa chỉ bị xử phạt. Nó cũng sàng lọc khách hàng trước cơ sở dữ liệu toàn cầu về các lệnh trừng phạt và danh sách theo dõi.

Ưu điểm

  • Trải nghiệm giao dịch phức tạp cao: Deribit là sàn giao dịch phái sinh tiền điện tử hàng đầu thị trường với độ trễ hoặc thời gian cực thấp giữa người dùng thực hiện giao dịch và phản hồi của nền tảng để giải quyết giao dịch.
  • Hỗ trợ hợp đồng tương lai, quyền chọn và vĩnh viễn: Trong khi nhiều sàn giao dịch tiền điện tử hàng đầu cung cấp hợp đồng tương lai, Deribit cũng cung cấp quyền chọn và hoán đổi vĩnh viễn.
  • Địa điểm giao dịch quyền chọn tiền điện tử hàng đầu: Sàn giao dịch phái sinh tiền điện tử này đã tự khẳng định mình là nền tảng phù hợp cho các quyền chọn Bitcoin và Ethereum, sở hữu hơn 85% thị phần quyền chọn Bitcoin.1

Nhược điểm 

  • Chỉ hỗ trợ tiền gửi Bitcoin: Người dùng Deribit chỉ có thể nạp tiền vào tài khoản của họ bằng BTC.
  • Hoạt động như một sàn giao dịch không được kiểm soát: Deribit không được quản lý, có nghĩa là nó có thể gặp phải các vấn đề pháp lý trong tương lai.
  • Thương nhân Hoa Kỳ không truy cập được: Deribit không được cấp phép hoạt động ở Hoa Kỳ và không cho phép người dùng Hoa Kỳ.

Quyền chọn Bitcoin và hợp đồng tương lai Bitcoin là gì?

Quyền chọn và hợp đồng tương lai là các loại hợp đồng phái sinh và là loại hợp đồng phái sinh phổ biến nhất được cung cấp trên thị trường tiền điện tử. Các công cụ phái sinh, như đã đề cập trước đây, là các phương tiện đầu tư giao dịch trên một số tài sản cơ bản. Cả hai hợp đồng này đều đại diện cho lời hứa sẽ đáp ứng các đơn đặt hàng đối với Bitcoin vào một thời điểm nào đó trong tương lai.

Hợp đồng tương lai Bitcoin cho phép bạn mua một số Bitcoin ngay hôm nay với mục đích nhận được nó vào một số thời điểm xác định trước trong tương lai. Ý tưởng là bạn đồng ý giá ngày hôm nay và sau đó nhận Bitcoin đó trong tương lai, bất kể giá của Bitcoin khi hợp đồng hết hạn. Giá hợp đồng tương lai hơi khác một chút so với giá Bitcoin, bởi vì chúng thể hiện kỳ ​​vọng về giá trị của Bitcoin tại một thời điểm nhất định trong tương lai, thay vì giá trị của nó hôm nay (có tính đến tương lai của nó tiềm năng nhưng phản ánh chính xác hơn giá trị của nó hiện nay).

Có hai lý do phổ biến khiến bạn mua hợp đồng tương lai.

Đầu tiên là như một hàng rào. Bên ngoài tiền điện tử, phòng ngừa rủi ro phổ biến đối với những người nông dân trồng trọt, những người sử dụng hợp đồng tương lai để đảm bảo giá cho cây trồng của họ chịu được những biến động thị trường do sản xuất quá mức gây ra. Ví dụ: hợp đồng tương lai Bitcoin được sử dụng như một hàng rào bảo vệ bởi những người cần trả các khoản vay bằng Bitcoin và muốn đảm bảo rằng họ có thể nhận được số Bitcoin đó với mức giá ngày hôm nay.

Lý do khác là đầu cơ thuần túy - đây là một lý do khiến thị trường phái sinh thường được ví như cờ bạc. Nếu giá Bitcoin tăng cao hơn giá của hợp đồng tương lai (và bất kỳ khoản phí nào trong đó), về cơ bản, bạn sẽ kiếm được lợi nhuận bằng cách mua Bitcoin chiết khấu. Vì hợp đồng tương lai Bitcoin vốn dĩ là giao dịch có đòn bẩy - bạn không cần phải bỏ ra một số vốn khủng để mua một hợp đồng tương lai, chúng có thể sinh lợi vô cùng (hoặc hủy hoại nếu thị trường đi ngược lại với bạn).

Quyền chọn Bitcoin là hợp đồng tương lai Bitcoin có điều khoản nhận lại. Cũng giống như hợp đồng tương lai, bạn có thể sử dụng chúng để bảo hiểm rủi ro hoặc để đầu cơ. Nhưng với hợp đồng tương lai Bitcoin, bạn  phải  mua Bitcoin đó khi hợp đồng hết hạn (hoặc đáo hạn - về cơ bản kết thúc), cho dù đó là một giao dịch tốt hay không. Ngược lại, các tùy chọn cung cấp cho bạn quyền, nhưng không phải nghĩa vụ, mua Bitcoin khi hợp đồng hết hạn. Chúng ít rủi ro hơn một chút vì bạn không thực sự phải mua Bitcoin; bạn chỉ mạo hiểm với giá bạn đã trả để mua hợp đồng, được gọi là “phí bảo hiểm”.

Các tùy chọn trên Deribit là kiểu “Châu Âu” hoặc “Vani”, có nghĩa là bạn chỉ có thể thực hiện chúng vào ngày hết hạn của hợp đồng quyền chọn, giống như hợp đồng tương lai. Điều này trái ngược với quyền chọn kiểu “Mỹ”, cho phép bạn thực hiện quyền mua hoặc bán bất kỳ lúc nào trước ngày hết hạn. Kích thước đặt hàng tối thiểu cho một hợp đồng quyền chọn trên Deribit là 0,1 Bitcoin hoặc 1 Ethereum.

Deribit cung cấp loại sản phẩm tương lai thứ ba, được gọi là hợp đồng tương lai “vĩnh viễn”. Các sàn giao dịch khác, nổi bật nhất là Binance và BitMex, cũng cung cấp các hợp đồng này. Đây là những hợp đồng tương lai không có ngày hết hạn và do đó có thể được giữ vô thời hạn mà không cần phải kéo dài thời hạn của hợp đồng. Chúng đáp ứng mục đích tương tự như một loại hợp đồng phái sinh khác, hợp đồng chênh lệch (CFD), cho phép các nhà giao dịch nắm giữ vô thời hạn một hợp đồng phái sinh.

Hợp đồng tương lai vĩnh viễn được đề xuất bởi nhà kinh tế học Robert Shiller vào năm 1992 nhưng chỉ trở thành một thứ trong tiền điện tử. Vào năm 2016, BitMEX đã trở thành sàn giao dịch đầu tiên cung cấp chúng.

Làm thế nào để bạn giao dịch các phái sinh Bitcoin trên Deribit?

Để giao dịch các hợp đồng phái sinh Bitcoin trên Deribit, trước tiên bạn cần thiết lập một tài khoản. Để làm điều này với tư cách là một nhà kinh doanh bán lẻ, bạn sẽ phải gửi một mẫu ID và bằng chứng cư trú. Người Canada ở Ontario không được phép nộp đơn, cũng như không phải là công dân từ Hoa Kỳ, Nhật Bản và một số quốc gia khác.

Khi bạn đã tạo tài khoản, bạn sẽ cần nạp tiền bằng Bitcoin. Bạn có thể thực hiện việc này bằng cách mua Bitcoin tại một sàn giao dịch tiền điện tử và gửi tiền đến địa chỉ Deribit của bạn.

Để mua hợp đồng tương lai, bạn có thể nhấp vào tương lai vĩnh viễn, không có ngày hết hạn hoặc chọn hợp đồng tương lai kết thúc vào một số thời điểm xác định trước trong tương lai, chẳng hạn như tuần tới, vào cuối năm hoặc năm sau. Bạn có thể giao dịch với đòn bẩy gấp 100 lần, có nghĩa là bạn có thể chơi với số tiền gấp 100 lần bạn có. Điều này là rất rủi ro. Mặc dù lợi nhuận có thể lớn gấp 100 lần, nhưng bạn cũng nhạy cảm hơn 100 lần với các khoản thua lỗ và vị thế của bạn có thể bị đóng bất kỳ lúc nào trừ khi bạn đăng nhiều tiền. Nếu điều đó xảy ra, bạn có thể mất rất nhiều.

Để mua các tùy chọn Bitcoin, bạn nhấp vào một tùy chọn trong trang tùy chọn BTC — bất kỳ mức giá nào trong bảng phù hợp với mong muốn của bạn — và bạn có thể thêm đơn đặt hàng của mình. Các tùy chọn “gọi” cung cấp cho bạn quyền mua Bitcoin và các tùy chọn “đặt” cho bạn quyền bán nó. Trên Deribit, các tùy chọn Bitcoin được thực hiện tự động nếu chúng hết hạn “bằng tiền” —nói cách khác, nếu bạn kiếm được lợi nhuận khi hợp đồng hết hạn, Deribit sẽ tự động mua Bitcoin đó thay mặt bạn. Tất cả các khoản thanh toán đều được thanh toán bằng Bitcoin. Các quy tắc tương tự cũng áp dụng cho Ethereum.

2. Kinh nghiệm giao dịch

Deribit cung cấp các công cụ giao dịch cấp doanh nghiệp, bao gồm nhiều loại lệnh, biểu đồ nâng cao, bảng điều khiển người dùng kéo và thả, sổ lệnh trực tiếp, giao dịch đòn bẩy và quyền truy cập vào lượng dữ liệu thị trường tiền điện tử phong phú. Sàn giao dịch này được thiết kế cho các nhà giao dịch tiền điện tử nâng cao và người mới bắt đầu có thể sẽ bị choáng ngợp với nền tảng và giao diện người dùng.

Deribit cung cấp bốn loại dẫn xuất: 

  • Giao dịch quyền chọn: Deribit cung cấp quyền chọn mua và bán với mức đòn bẩy lên đến 10 lần. Quyền chọn có thể được giao dịch hoặc giữ cho đến khi hết hạn.
  • Giao dịch hợp đồng tương lai: Deribit cung cấp giao dịch hợp đồng tương lai, là một thỏa thuận mua hoặc bán BTC hoặc ETH với mức giá định trước trong tương lai. Người dùng có thể giao dịch hợp đồng tương lai với đòn bẩy lên đến 50 lần trên Ethereum và đòn bẩy lên tới 100 lần đối với Bitcoin.
  • Niên hạn nghịch đảo và tuyến tính: Tương tự như hợp đồng tương lai, nhưng không có ngày hết hạn. Sự khác biệt giữa nghịch đảo và tuyến tính đề cập đến mối quan hệ giữa giá tài sản và hợp đồng. Đòn bẩy lên đến 100x có sẵn trên các hợp đồng này.

Deribit cũng hỗ trợ một số loại lệnh, bao gồm lệnh thị trường, lệnh giới hạn và lệnh dừng. Ngoài ra, các đơn đặt hàng có thể được đặt ở trạng thái mở cho đến khi được lấp đầy, điền ngay lập tức hoặc hủy bỏ, hoặc lấp đầy những gì có sẵn ngay lập tức (ngay cả khi chỉ điền một phần) hoặc hủy bỏ.

Khách hàng cũng có thể liên kết với các công cụ giao dịch của bên thứ ba thông qua API Deribit, cho phép người dùng kết nối bot giao dịch hoặc các công cụ giao dịch khác với hệ thống để thực hiện giao dịch.

Lệ phí

Người dùng Deribit có thể mong đợi mức phí tương đối thấp để giao dịch tiền điện tử cũng như các biểu phí khác nhau cho các tùy chọn và giao dịch tương lai. Sàn giao dịch này tính phí 0,05% cho mỗi giao dịch (hoặc thấp hơn) đối với hầu hết các giao dịch tương lai và 0,03% cho các giao dịch quyền chọn, mặc dù các giao dịch nhỏ hơn có thể phải chịu phí lên đến 12,5%. Phí của nó thấp hơn hầu hết các sàn giao dịch khác, mặc dù các giao dịch quyền chọn nhỏ hơn có thể đắt. 

Ngoài ra còn có phí thanh toán hợp đồng (khi hết hạn) và cả phí thanh lý. 

Phí giao dịch Deribit

Deribit tính phí giao dịch dựa trên mô hình tính phí của nhà sản xuất, với các mức phí khác nhau dựa trên loại giao dịch được đặt. Ngoài ra còn có các biểu phí riêng cho việc giao hàng (giải quyết) và thanh lý, được nêu chi tiết bên dưới.

Nói chung, “người ghi” là người đặt một đơn hàng được lấp đầy ngay lập tức, trong khi “người tạo” đặt một đơn hàng được đặt trong sổ đặt hàng (cho đến khi tìm thấy khớp). Phí giao dịch khác nhau dựa trên việc bạn được coi là người tạo hay người nhận trong thực hiện giao dịch (như thể hiện trong bảng bên dưới).

Dưới đây là phân tích về cấu trúc phí Deribit:

Hợp đồngPhí nhà sản xuấtPhí Taker
Hợp đồng tương lai hàng tuần của BTC-0,01% (giảm giá)0,05%
BTC tương lai / vĩnh viễn 0,00% 0,05% 
ETH tương lai / vĩnh viễn 0,00% 0,05% 
Tùy chọn BTC / ETH 0,03% cơ bản hoặc 0,0003 BTC / ETH cho mỗi hợp đồng quyền chọn 0,03% cơ bản hoặc 0,0003 BTC / ETH cho mỗi hợp đồng quyền chọn 

Mặc dù có một khoản phí tối thiểu 0,003 BTC / ETH cho các quyền chọn, nhưng phí sẽ không bao giờ cao hơn 12,5% giá quyền chọn.

Phí giao hàng (Thanh toán khi hết hạn)
Hợp đồng tương lai hàng tuần của BTC0%
Hợp đồng tương lai 0,025% 
Tùy chọn hàng ngày 0%
Tùy chọn 0,015% - phí này không bao giờ được cao hơn 12,5% giá trị của quyền chọn. 
Phí thanh lý
BTC vĩnh viễn & tương lai 0,75%, (0,75% đối với lệnh của nhà sản xuất và 0,70% đối với lệnh của người nhận sẽ được thêm vào quỹ bảo hiểm)
ETH vĩnh viễn & tương lai 0,9%, (0,9% đối với lệnh của nhà sản xuất và 0,85% đối với lệnh của người nhận sẽ được thêm vào quỹ bảo hiểm) 
Tùy chọn 0,19% tài sản cơ bản hoặc 0,0019 BTC cho mỗi hợp đồng quyền chọn, 0,16% tài sản cơ bản hoặc 0,0016 BTC cho mỗi hợp đồng được thêm vào quỹ bảo hiểm. 

Bảo vệ

Deribit cung cấp một số tính năng bảo mật để giúp bảo vệ tài khoản người dùng, bao gồm xác thực hai yếu tố (2FA) và lưu trữ lạnh của hầu hết các tài sản tiền điện tử.

Dưới đây là một số tính năng bảo mật độc đáo do Deribit cung cấp:

  • Lưu trữ lạnh: Deribit giữ 99% tất cả tài sản tiền điện tử trong các hầm bảo quản lạnh không được kết nối với internet, với các khóa cá nhân có nhiều chữ ký.
  • Xác thực hai yếu tố: Deribit cho phép người dùng kích hoạt xác thực hai yếu tố (2FA) thông qua Google Authenticator để đăng nhập tài khoản và rút tiền.
  • Độ trễ địa chỉ rút tiền: Người dùng có thể thiết lập độ trễ rút tiền cho các địa chỉ ví mới được thêm vào tài khoản. Điều này có thể giúp chặn tin tặc rút số dư tiền điện tử của bạn, cho phép bạn hủy yêu cầu rút tiền.

3. Cách sử dụng Deribit Exchange

 

Deribit cung cấp hai loại tài khoản: Cá nhân và Công ty. 

Các cá nhân có thể đăng ký bằng quy trình xác minh ID tiêu chuẩn chỉ mất vài phút để hoàn thành và cung cấp quyền truy cập đầy đủ vào các sản phẩm và tính năng của nền tảng giao dịch. 

Chủ tài khoản công ty được yêu cầu phải trải qua quy trình KYC chi tiết hơn để tuân thủ các quy tắc AML / KYC của sàn giao dịch. 

Trước tiên, bạn cần truy cập: https://www.deribit.com

Deribit có quy trình đăng ký đơn giản tương tự như đăng ký tài khoản môi giới trực tuyến. 

Để tạo tài khoản trên Deribit, bạn cần cung cấp địa chỉ email, tên người dùng, mật khẩu và quốc gia cư trú của mình. Sau khi xác nhận địa chỉ email của mình, bạn có thể truy cập trang tổng quan giao dịch. 

Để bắt đầu giao dịch, bạn sẽ cần hoàn tất xác minh danh tính bằng cách chia sẻ tên, ngày sinh, địa chỉ nhà, quốc gia cư trú, bằng chứng địa chỉ và ID do chính phủ cấp. Deribit cũng sẽ yêu cầu bạn xác nhận danh tính của mình bằng máy ảnh của thiết bị và phần mềm của nó sẽ so sánh hình ảnh của bạn với ảnh trên ID do chính phủ cấp.

Khi bạn đã hoàn tất quá trình xác minh ID và tài khoản của bạn đã được xác minh, bạn có thể đặt hàng đầu tiên của mình. 

Để mở tài khoản công ty trên Deribit, quy trình giới thiệu phức tạp hơn và liên quan đến việc khai báo ai là chủ sở hữu có lợi cuối cùng (“UBO”) và các cá nhân kiểm soát (ví dụ: giám đốc). 

Như đã đề cập, Deribit không có sẵn cho khách hàng ở Mỹ vào thời điểm này.

Thông tin đăng nhập API Deribit

Cần có khóa và bí mật API trao đổi duy nhất để kết nối với Deribit qua nền tảng TT. Người dùng cần đăng nhập vào tài khoản của mình tại deribit.com để chọn tên tài khoản và điều hướng đến Tài khoản & Bảo mật | Tài khoản & Sở thích | Các khóa API để tạo và cung cấp cho bạn các thông tin đăng nhập này.

Để tạo thông tin đăng nhập API Deribit:

  1. Truy cập deribit.com (Trực tiếp)
  2. Tạo một tài khoản.
  3. Nhấp vào liên kết trong email kích hoạt được gửi cho bạn.
  4. Nhấp vào bí danh của bạn ở góc trên cùng bên phải của màn hình và chọn "Tài khoản của tôi"
  5. Nhấp vào tab "API" và nhấp vào nút "Thêm khóa mới". Điều này sẽ cung cấp cho bạn Khóa truy cập và Bí mật truy cập cần thiết cho các trường bắt buộc trên Người dùng | Trao đổi | Trang Deribit trong Thiết lập.

Lưu ý : Không tạo nhiều khóa API trao đổi Deribit cho một người dùng trao đổi Deribit.


Yêu cầu thiết lập Deribit

Lưu ý : Khi thiết lập người dùng, tài khoản và kết nối Deribit trên TT, bạn phải tuân thủ các yêu cầu sau để kết nối chính xác với sàn giao dịch:

  • Tài khoản Deribit trên TT không được là tài khoản con.
  • Chỉ có thể chỉ định một tài khoản Deribit và kết nối Deribit cho mỗi người dùng. Nhiều kết nối Deribit cho mỗi khóa và bí mật API trao đổi không được hỗ trợ.
  • Một kết nối Deribit chỉ có thể được chỉ định một tài khoản Deribit chỉ có một người dùng.
  • Không chia sẻ tài khoản Deribit với công ty khác.
  • Không chia sẻ cùng khóa và bí mật API trao đổi Deribit với nhiều người dùng.
  • Một người dùng không thể sử dụng nhiều khóa API trao đổi Deribit trong TT.
  • Không thể gán nhiều khóa API thuộc về một người dùng trao đổi Deribit cho những người dùng TT khác nhau.

Quản lý tài khoản

Người dùng Deribit có thể giao dịch bằng cách sử dụng nền tảng dựa trên web của sàn giao dịch hoặc thông qua ứng dụng di động (có sẵn cho Android và iOS). 

Chức năng Deribit được hỗ trợ

TT hỗ trợ:

Giới hạn - Chỉ đăng đơn đặt hàng

Deribit tự động thanh lý

Chức năng Deribit không được hỗ trợ

Loại đơn đặt hàng "Chỉ giảm" không được hỗ trợ trên TT.

Hỗ trợ giới hạn tỷ lệ ghi nợ trên TT

Giới hạn tỷ lệ ghi nợ cho phép 2 yêu cầu đặt hàng mỗi giây (hoặc một loạt 20 đơn đặt hàng mỗi 10 giây). Sàn giao dịch cũng có giới hạn 50 lệnh cho mỗi công cụ.

Nếu tỷ lệ đặt hàng của bạn vượt quá 2 yêu cầu / giây tối đa, sàn giao dịch sẽ từ chối đơn đặt hàng của bạn. TT sẽ chặn tốc độ đặt hàng trên 50 yêu cầu / giây trừ khi bạn yêu cầu cài đặt lớn hơn 50 từ sàn giao dịch và định cấu hình giá trị mới cho người dùng hoặc kết nối.

Để tăng giới hạn tỷ giá tại sàn giao dịch, hãy liên hệ: support@deribit.com

Tăng giới hạn tỷ lệ Ghi nợ trên TT

Sau khi liên hệ với sàn giao dịch và nhận được sự gia tăng giới hạn tỷ giá, bạn có thể định cấu hình tỷ lệ đặt hàng mới cho mỗi người dùng. Việc tăng tốc độ trên mỗi kết nối có thể ảnh hưởng đến những người dùng khác trên kết nối.

Deribit Hủy khi ngắt kết nối

Nếu người dùng bật chức năng Hủy khi ngắt kết nối (COD) của Deribit, thì đơn đặt hàng của họ được gửi qua TT sẽ bị hủy khi họ gặp sự cố ngắt kết nối trao đổi. Người dùng cá nhân có thể chọn bật chức năng này trên trang web của sàn giao dịch.

Các sàn giao dịch hàng đầu để giao dịch token-coin. Làm theo hướng dẫn và kiếm tiền không giới hạn

BinanceFTXPoloniexBitfinexHuobiMXCByBitGate.ioCoinbase

Kết luận

Hợp đồng quyền chọn và hợp đồng tương lai vô cùng rủi ro và phức tạp, và thường dành cho các nhà tài chính có kinh nghiệm. 

Tôi hy vọng bài viết này sẽ giúp bạn. Đừng quên để lại một like, bình luận và chia sẻ nó với những người khác. Cảm ơn bạn!

#bitcoin #keychain  #cryptocurrency  #exchange 

Deribit Exchange Là Gì | Sàn Giao Dịch Tương Lai Tiền điện Tử

What is Deribit Exchange | Crypto Options and Futures Exchange

In this post, you'll learn What is Deribit Exchange - Crypto Options and Futures Exchange

1. What is Deribit Exchange?

Deribit is a cryptocurrency exchange offering options, futures, and other derivates trading for Bitcoin and Ethereum only. This exchange is based in Panama and is not available in the U.S. or Japan, but it supports most other countries around the world. Designed for users who want to trade crypto derivatives with leverage, Deribit offers advanced order types, trading reports, and ultra-fast trade execution. It's a great platform for advanced traders, but it's not well-suited for beginners.

Traders often play with a lot of leverage, meaning they borrow money to increase the size of potential profits while risking greater losses. Like other cryptocurrency exchanges, Deribit operates 24 hours a day, 7 days a week.

Deribit is a crypto-native exchange, meaning it doesn’t allow deposits of fiat currencies, like the US dollar, euro, or rupee. It says it will add these when it’s allowed, although this is unlikely to be any time soon; regulators have cracked down on unregistered derivatives exchanges or banned them outright, judging them as illegal.

Deribit says it keeps more than 99% of its customer deposits in cold storage, stored in vaults with multiple bank safes. Cold storage refers to offline cryptocurrency wallets; often no larger than a USB drive, these wallets can’t be hacked by conventional means because all the operations that require private keys, the equivalent of a wallet’s passwords, are kept offline.

Deribit uses a software solution from blockchain analytics and investigation firm Chainalysis to monitor for money laundering and sanctioned addresses. It also screens customers against a global database of sanctions and watchlists.

Pros

  • Highly sophisticated trading experience: Deribit is a market-leading crypto derivatives exchange with ultra-low latency or time between a user executing a trade and the platform’s response to settle the transaction.
  • Supports futures, options, and perpetuals: While many leading crypto exchanges offer futures contracts, Deribit also offers options and perpetual swaps.
  • Leading cryptocurrency options trading venue: This crypto derivatives exchange has established itself as the go-to platform for Bitcoin and Ethereum options, owning over 85% of the Bitcoin options market share.1

Cons 

  • Supports only Bitcoin deposits: Deribit users can only fund their accounts with BTC.
  • Operates as an unregulated exchange: Deribit is not regulated, which means it could potentially run into regulatory issues in the future.
  • Not accessible to U.S. traders: Deribit is not licensed to operate in the United States and doesn’t allow U.S. users.

What are Bitcoin options and Bitcoin futures?

Options and futures are types of derivatives contracts, and the most popular type of derivatives on offer in the cryptocurrency market. Derivatives, as previously mentioned, are investment vehicles that trade on some underlying asset. Both of these contracts represent promises to fulfil orders for Bitcoin at some time in the future.

Bitcoin futures let you buy some Bitcoin today with the view to receive it at some predetermined point in the future. The idea is that you agree the price today and then receive that Bitcoin in the future, no matter the price of the Bitcoin when the contract expires. Futures contract prices are a little bit different from the price of Bitcoin, because they represent an expectation of how much Bitcoin will be worth at a certain point in the future, rather than how much it is worth today (which does take into account its future potential but more accurately reflects how much it is worth today).

There are two common reasons why you would buy futures.

The first is as a hedge. Outside of crypto, hedges are popular among crop farmers, who use futures contracts to guarantee a price for their crop that withstands market fluctuations caused by, say, overproduction. Bitcoin futures are used as a hedge by those who need to, for instance, repay loans in Bitcoin and want to ensure they can receive that Bitcoin at today’s price.

The other reason is pure speculation—this is one reason the derivatives market is often likened to gambling. If the price of Bitcoin rises above the price of the futures contract (and any fees therein), you’ll have made a profit by, essentially, buying discounted Bitcoin. Since Bitcoin futures are inherently leveraged trades—you don’t need to put up an awful lot of capital to buy a futures contract, they can be immensely lucrative (or ruinous if the market moves against you).

Bitcoin options are Bitcoin futures with a get-out clause. Just like futures, you can use them for hedging or for speculation. But with Bitcoin futures, you have to buy that Bitcoin when the contract expires (or matures—ends, essentially), whether it’s a good deal or not. Options, by contrast, give you the right, but not the obligation, to buy Bitcoin when the contract expires. They are slightly less risky because you don’t actually have to buy the Bitcoin; you only risk the price you paid to buy the contract, known as the “premium.”

Options on Deribit are “European” or “Vanilla” style, which means you can only exercise them at the expiration date of the options contract, just like futures. This is in contrast to “American” style options, which allow you to exercise your right to buy or sell at any time before the expiration date. The minimum order size for an options contract on Deribit is 0.1 Bitcoin or 1 Ethereum.

Deribit offers a third kind of futures product, known as “perpetual” futures. Other exchanges, most prominently Binance and BitMex, also offer these contracts. These are futures contracts with no expiration date, and can thus be held indefinitely without having to extend the length of the contract. They fulfil the same purpose as another type of derivatives contract, contracts for difference (CFDs), which also let traders indefinitely hold a derivatives contract.

Perpetual futures contracts were proposed by economist Robert Shiller in 1992 but only became a thing in crypto, which found in perpetual futures a way to jumpstart derivatives contracts in a market full of unregulated (and thus potentially untrustworthy) counterparties. In 2016, BitMEX became the first exchange to offer them.

How do you trade Bitcoin derivatives on Deribit?

To trade Bitcoin derivatives contracts on Deribit, you first need to set up an account. To do this as a retail trader, you’ll have to submit a form of ID and proof of residence. Canadians in Ontario aren’t allowed to apply, nor are citizens from the United States, Japan, and a handful of other countries.

Once you’ve created an account, you’ll need to fund it with Bitcoin. You can do this by buying Bitcoin at a cryptocurrency exchange and sending the money to your Deribit address.

To buy futures contracts, you can click on a perpetual future, which has no expiration date, or pick a futures contract that ends at some predetermined point in the future, such as next week, at the end of the year or next year. You can trade with up to 100x leverage, which means that you can play with 100x as much money you have. This is very risky. Although profits can be 100x as big, you are also 100x more sensitive to losses and your position could be closed at any point unless you post a lot of money. If that happens, you could lose a lot.

To buy Bitcoin options, you click on an option in the BTC options page—any price in the table that strikes your fancy—and you can add your order. “Call“ options give you the right to buy the Bitcoin and ”put“ options give you the right to sell it. On Deribit, Bitcoin options are exercised automatically if they expire “in the money”—in other words, if you stand to make a profit when the contract expires, Deribit will automatically buy that Bitcoin on your behalf. All settlements are paid in Bitcoin. The same rules apply for Ethereum.

2. Trading Experience

Deribit offers enterprise-grade trading tools, including multiple order types, advanced charting, a drag-and-drop user dashboard, live order books, leveraged trading, and access to an abundance of crypto market data. This exchange is designed for advanced crypto traders, and beginners will likely be overwhelmed with the platform and user interface.

Deribit offers four types of derivatives: 

  • Options trading: Deribit offers call and put options with up to 10x leverage available. Options can be traded or held until expiry.
  • Futures trading: Deribit offers futures trading, which is an agreement to buy or sell BTC or ETH at a predetermined future price. Users can trade futures with up to 50x leverage on Ethereum, and up to 100x leverage on Bitcoin.
  • Inverse and Linear Perpetuals: Similar to futures, but with no expiration date. The difference between inverse and linear refers to the the relationship between the asset price and contract. Up to 100x leverage is available on these contracts.

Deribit also supports several order types, including market orders, limit orders, and stop orders. Additionally, orders can be set to stay open until they are filled, to fill immediately or cancel, or to fill what is immediately available (even if only a partial fill) or cancel.

Customers can also tie in third-party trading tools via the Deribit APIs, allowing users to connect trading bots or other trading tools to the system for executing trades.

Fees

Deribit users can expect relatively low fees for trading crypto as well as different fee schedules for options and futures trading. This exchange charges 0.05% per trade (or less) for most futures trades, and 0.03% for options trades, though smaller trades may incur up to a 12.5% fee. Its fees are lower than most other exchanges, though smaller options trades could be expensive. 

There are also fees for contract settlements (at expiry), and for liquidations as well. 

Deribit Trading Fees

Deribit charges trading fees based on a maker-taker fee model, with different fees based on the type of trade placed. There are also separate fee schedules for delivery (settlement) and liquidations, detailed below.

In general, a “taker” is someone who places an order that gets filled immediately, while a “maker” places an order that gets placed in an order book (until a match is found). Transaction fees differ based on whether you are considered a maker or a taker in the trade execution (as shown in the table below).

Here is a breakdown of the Deribit fee structure:

ContractsMaker FeeTaker Fee
BTC Weekly Futures-0.01% (rebate)0.05%
BTC Futures/Perpetual 0.00% 0.05% 
ETH Futures/Perpetual 0.00% 0.05% 
BTC/ETH Options 0.03% of the underlying or 0.0003 BTC/ETH per options contract 0.03% of the underlying or 0.0003 BTC/ETH per options contract 

While there is a 0.003 BTC/ETH minimum fee for options, fees will never be higher than 12.5% of the options price.

Delivery Fees (Settlement at Expiry)
BTC Weekly Futures0%
Futures 0.025% 
Daily options 0%
Options 0.015% - this fee can never be higher than 12.5% of the option's value. 
Liquidation Fees
BTC Perpetual & Futures 0.75%, (0.75% for maker orders and 0.70% for taker orders will be added to the insurance fund)
ETH Perpetual & Futures 0.9%, (0.9% for maker orders and 0.85% for taker orders will be added to the insurance fund) 
Options 0.19% of the underlying asset or 0.0019 BTC per options contract, 0.16% of the underlying asset, or 0.0016 BTC per contract is added to the insurance fund. 

Security

Deribit offers several security features to help protect user accounts, including two-factor authentication (2FA) and cold storage of most crypto assets.

Here are a few of the unique security features offered by Deribit:

  • Cold storage: Deribit keeps 99% of all crypto assets in cold storage vaults that aren't connected to the internet, with multi-signature private keys.
  • Two-factor authentication: Deribit allows users to enable two-factor authentication (2FA) via Google Authenticator for account login and fund withdrawals.
  • Withdrawal address delay: Users can set up withdrawal delays for new wallet addresses added to the account. This can help block hackers from draining your crypto balance, allowing you to cancel the withdrawal request.

3. How to Use Deribit Exchange

 

Deribit offers two types of accounts: Individual and Corporate. 

Individuals can sign up using a standard ID verification process that takes only a few minutes to complete and provides full access to the trading platform’s products and features. 

Corporate account holders are required to undergo a more detailed KYC procedure to comply with the exchange’s AML/KYC rules. 

First, you need to go to: https://www.deribit.com

Deribit has a straightforward signup process that’s similar to signing up for an online brokerage account. 

To create an account on Deribit, you’ll need to provide your email address, username, password, and country of residence. Once you confirm your email address, you can access the trading dashboard. 

To start trading, you’ll need to complete identity verification by sharing your name, birth date, home address, country of residence, proof of address, and government-issued ID. Deribit will also require that you confirm your identity using your device’s camera, and its software will compare your image to the photo on your government-issued ID.

Once you have completed the ID verification process and your account has been verified, you can place your first order. 

To open a corporate account on Deribit, the onboarding process is more complicated and involves declaring who the ultimate beneficial owners (“UBOs”) and controlling individuals (e.g. directors) are. 

As mentioned, Deribit is not available to customers in the U.S. at this time.

Deribit API Credentials

A unique exchange API key and secret are required for connecting to Deribit via the TT platform. Users need to log in to their account at deribit.com to select their account name, and navigate to Account & Security | Account & Preference | API keys to create and provide you with these credentials.

To create Deribit API credentials:

  1. Go to deribit.com (Live)
  2. Create an account.
  3. Click the link in the activation email sent to you.
  4. Click your alias in top right corner of the screen and select "My Account"
  5. Click the "API" tab and click the "Add a new key" button. This will provide you with the Access Key and the Access Secret needed for the required fields on the User | Exchange | Deribit page in Setup.

Note: Do not create multiple Deribit exchange API keys for one Deribit exchange user.


Deribit Setup Requirements

Note: When setting up a Deribit user, account, and connection on TT, you must adhere to the following requirements in order to connect to the exchange correctly:

  • The Deribit account on TT cannot be a child account.
  • Only one Deribit account and Deribit connection can be assigned per user. Multiple Deribit connections per exchange API key and secret are not supported.
  • One Deribit connection can only be assigned one Deribit account that has only one user.
  • Do not share a Deribit account with another company.
  • Do not share the same Deribit exchange API key and secret with multiple users.
  • A single user cannot use multiple Deribit exchange API keys in TT.
  • Multiple API keys belonging to one Deribit exchange user cannot be assigned to different TT users.

Account Management

Deribit users can trade using the exchange’s web-based platform or via the mobile application (available for Android and iOS). 

Supported Deribit Functionality

TT supports:

Limit - Post only orders

Deribit auto liquidate

Unsupported Deribit Functionality

The "Reduce only" order types are not supported on TT.

Deribit rate limits support on TT

Deribit rate limits allow 2 order requests per second (or a burst of 20 orders per 10 seconds). The exchange also has a limit of 50 orders per instrument.

If your order rate exceeds the 2 requests/second maximum, the exchange will reject your orders. TT will block order rates over 50 requests/second unless you request a setting of greater than 50 from the exchange and configure the new value for the user or connection.

To increase the rate limit at the exchange, contact: support@deribit.com

Increasing the Deribit rate limit on TT

After contacting the exchange and receiving an increase in rate limits, you can configure the new order rate per user. Increasing the rate per connection may impact other users on the connection.

Deribit Cancel on Disconnect

If a user enables Deribit's Cancel on Disconnect (COD) functionality, then their orders submitted via TT will get canceled when they experience an exchange disconnect. Individual users can choose to enable this functionality on the exchange's website.

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Conclusion

Options and futures contracts are incredibly risky and complicated, and usually reserved for experienced financiers. 

I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!

#blockchain #cryptocurrency #exchange #bitcoin 

What is Deribit Exchange | Crypto Options and Futures Exchange
Jack  C

Jack C

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What is Kraken Exchange | How to Register, Buy and Sell on Kraken

In this post, you'll learn What is Kraken Exchange, How to Register, Buy and Sell on Kraken Exchange?

1. What is Kraken Exchange?

Kraken is an all-around decent exchange, as it’s accessible to beginners but can scale to more advanced investors/traders, and you can trade more than 65 cryptocurrencies. The exchange says it prioritizes security and maintains dedicated protection for your investments. 

Kraken claims to be one of the first exchanges to offer spot trading on margin and other advanced products. Unlike many other exchanges, it does not offer a wallet option. The platform is unavailable in New York and Washington states, and other areas may have restrictions. It was founded in 2011 and launched in 2013. 

This cryptocurrency exchange is a good fit for: Experienced investors who will make the most of margin trading and other advanced features.

Pros

  • Security
  • Range of cryptocurrencies
  • Advanced trading features
  • Reasonable fees

Cons

  • Not for beginners
  • Limited starter account
  • Slow account funding
  • Questionable customer service
  • No tax support

Top perks

Kraken is a reputable cryptocurrency exchange that's been around for almost a decade. It's a solid option with a lot going for it.

  • Security

Founded in 2011 and launched in 2013, Kraken is one of the largest and oldest exchanges in the world. And it's had its eyes on security from day one. The fact that it hasn't been hacked in eight years speaks for itself.

The U.S.-based exchange has consistently led the industry in security. It boasts both physical security and financial stability. Plus, it pushes users towards healthy security habits.

  • Range of cryptocurrencies

Kraken has almost 60 coins and deals with seven fiat currencies. That's not the biggest selection of digital currency you'll find, but it's comparable to some of the best cryptocurrency exchanges. And it's a step up from many brokers that only offer a handful of well-known coins. Kraken also boasts a high liquidity, meaning it is easier to buy and sell at a fair price.

Kraken works using currency pairs and not all of its currencies are exchangeable for the others. What is a currency pair? Imagine you're taking a vacation in Germany and you need to exchange your dollars for euros. That's a currency pair. If you're using dollars to buy Bitcoin or Bitcoin to buy Ethereum, you're always swapping one currency for another.

Advanced trading features

Kraken is one of the few exchanges that offers margin, stop orders, and crypto short sales. It also has something called a dark pool where high-volume investors can trade anonymously. Kraken lets you leverage a currency pair by up to 5x and allows eligible pro clients to access up to $500,000 in margin. Before you get too excited, margin trading can be risky. You're essentially borrowing money to invest.

Let's say you invest $100 in Ethereum. You decide to use that 5x margin. If Ethereum goes up in value, you'll multiply your gains by 5. But if Ethereum loses value, your losses will also be multiplied. Cryptocurrencies are already a risky investment, and using margin exponentially increases that risk.

Reasonable fees

Kraken's fees are on par with several exchanges. It isn't the cheapest, but its maker-taker fees are lower than, say, Coinbase. Trading fees differ from exchange to exchange and often depend on how much you trade each month. Look at how much it will cost you to deposit and withdraw money as well as what you'll pay for each transaction.

Minimum trade0.0001 BTC
Trading and transaction fees0.9% to 2%
Number of cryptocurrencies92
Crypto-to-crypto trading pairs130
Website transparencyOn Kraken’s website, you can easily find important information, including investment minimums, supported assets and how to close an account.
Can use your own digital wallet?Yes
Mobile appKraken's apps for iOS and Android have an average rating of 4.2 stars.
Customer serviceKraken has live phone support from 6 a.m. to 6 p.m. Eastern time, and 24-hour chat support.

2. How Kraken works

Kraken is pure crypto exchange. It doesn't try to offer savings accounts or loans. And it doesn't even have a wallet.

It's a centralized exchange that you can access online. Its mobile app is not yet available in the U.S. As we've discussed, qualified users can access margin, stop orders, and crypto short sales on Kraken. It also lets you stake coins to earn interest if you leave that currency untouched in your account.

To set up a basic account, you'll need to provide information, such as your name, date of birth, and address. You need to be over 18 and live in a supported area (anywhere in the U.S. apart from Washington and New York).

It has three levels of verification:

  • Starter: This basic account lets you deposit, exchange, and withdraw cryptocurrencies, but you can't do much more. You can't withdraw or deposit fiat currencies, so you'll need to upgrade if you want to move dollars into crypto.
  • Intermediate: To upgrade to an Intermediate or Pro account, you'll need to provide a valid photo ID (such as a passport or driver's license), proof of residence (such as a utility bill), and your Social Security number or ITIN. Once you've upgraded, you'll be able to deposit fiat and trade on Kraken futures.
  • Pro: The Pro level unlocks higher account limits and also gives access to the anonymous "dark" trading pool and over-the-counter desk. The desk facilitates large orders without causing price disruption on the public exchange.

To fund your Kraken account, you'll need to make a transfer -- see the fee structure below. You cannot use your debit or credit card to buy cryptocurrencies with Kraken in the U.S. Funding can take up to five days to process.

Is your cryptocurrency safe with Kraken?

Security is one of Kraken's founding principles. It hasn't been hacked since it launched in 2013 and is widely recognized as one of the most secure cryptocurrency exchanges. That said, cryptocurrency security is a hotly debated topic and any exchange can be susceptible to hacks. Here's more on Kraken's approach to security.

  • Coin storage: Kraken says 95% of its crypto assets are kept in cold storage (essentially offline and protected against hacks). It also boasts full reserves and has undertaken an external proof of reserves audit.
  • Platform and information security: Its physical servers are kept under 24/7 surveillance. Sensitive information is encrypted at both a system and data level.
  • Security testing: Ongoing penetration tests protect Kraken's systems, both via its internal team and bug bounty program. The bug bounty programs incentivize ethical hackers to find and report bugs.
  • User security features and education: Kraken's website points out that, "No amount of security on our end can make up for inadequate personal security." It has two-factor authentication, secure emails, and security locks. More than that, it supplements its security by teaching users how to protect their accounts.

Other security features:

  • Two-factor authentication (Google Authenticator and Yubikey) to keep your account secure
  • No phone/SMS account recovery, so it’s all in your hands
  • Email confirmations for withdrawals with self-serve account lock
  • Configurable account timeout for added protection
  • Customizable API key permissions with range boundaries
  • Global settings time lock for when you’re away
  • Pretty Good Privacy (PGP) signed and encrypted email for secure communication
  • Secure Sockets Layer (SSL) encryption to protect you when browsing Kraken
  • Constant, real-time monitoring for suspicious activity
  • 24/7 live chat and email support for urgent concerns

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3. Kraken Fees

Like many exchanges, Kraken uses a maker-taker fee structure. It gives reductions to those with large trading volumes.

Fees for cryptocurrency deposits and withdrawals depend on the currency. For example, you'd pay 0.00015 BTC to withdraw Bitcoin with a minimum of 0.00050 BTC.

Funding fees

TRANSACTIONMINIMUMFEE
FedWire (MVB Bank / Signature Bank)$1Free
FedWire(Synapse)$20$5
FedWire (Silvergate)$100$10
FedWire(Etana Custody)$150Free
Instant buy--0.9% fee for stablecoins* and FX pairs. 1.5% fee for any other crypto
Cryptocurrency deposit/withdrawalDepends on currencyDepends on currency

Maker-taker fees

30-DAY VOLUMEMAKERTAKER
$0 - $50,0000.16%0.26%
$50,001 - $100,0000.14%0.24%
$100,001 - $250,0000.12%0.22%
$250,001 - $500,0000.10%0.20%
$500,001 - $1,000,0000.08%0.18%
$1,000,001 - $2,500,0000.06%0.16%
$2,500,001 - $5,000,0000.04%0.14%
$5,000,001 - $10,000,0000.02%0.12%
$10,000,000+0.00%0.10%

Stablecoin and FX pairs

Fees are slightly higher to trade Stablecoin and FX pairs:

30-DAY VOLUMEMAKERTAKER
$0 - $50,0000.20%0.20%
$50,001 - $100,0000.16%0.16%
$100,001 - $250,0000.12%0.12%
$250,001 - $500,0000.08%0.08%
$500,001 - $1,000,0000.04%0.04%
$1,000,000+0.00%0.00%

4. How to Use Kraken Exchange

Below, you will find a step-by-step guide (with screenshots) on how to buy bitcoin using US dollars via wire transfer.

4.1.  Sign up for an Account

First, you need to go to www.kraken.com, click on “Create Account” and register by providing a user name, email address and a password.

Click on the verification email that is sent to you as part of the registration process, and you are ready to sign onto the trading platform.

4.2.   Get Verified

Once you have signed up, you will need to undergo account verification to adhere to the platform’s KYC requirements. To receive “Starter Level” verification status, which suffices to buy several thousand dollars worth of cryptocurrency, you need to provide your name, email address, physical address, and phone number.

The “Starter” verification process is automated and usually takes less than one hour.


Once you are verified to trade, you can access the overview section of your trading dashboard to click on “Buy” to make your first cryptocurrency purchase. However, before you can buy any digital asset, you will need to fund your account.

4.3.   Deposit US Dollars via Etana Custody

Currently, Kraken enables traders and investors to fund their accounts using 29 cryptocurrencies and five fiat currencies, including USD, CAD, EUR, GBP, and JPY.

For the purpose of this guide, we will purchase bitcoin (BTC) with US dollars via wire transfer to the exchange’s fiat currency funding partner, Etana Custody.

To be able to send funds in fiat currency to your Kraken trading account, you will first need to set up a “venture” (i.e., an account) with Etana Custody. This will enable you to transfer funds between Etana and Kraken instantaneously.

To register for Etana, you need to click on “Deposit” on the US dollar row in the funding section on Kraken, and then click “Take Me There” on the Etana Custody page on your dashboard. That will take you to the Etana registration page, where you can sign up for an account and go through the platform’s mandatory KYC process.

Once you have set up an Etana “Venture” and have deposited US dollars in it, you can transfer it to your Kraken trading account. Then, you will be ready to make your first trade on Kraken.

4.   Buy Bitcoin

Now, all you need to do is return to the trading dashboard and click the “Buy” button under the “Buy Cryptocurrency” section.

Then, it will ask you the amount of BTC you want to buy using the fiat currency of your choice. We will choose U.S. dollars at which point you will be shown the following order input window.

4.   Buy Bitcoin

Now, all you need to do is return to the trading dashboard and click the “Buy” button under the “Buy Cryptocurrency” section.

Then, it will ask you the amount of BTC you want to buy using the fiat currency of your choice. We will choose U.S. dollars at which point you will be shown the following order input window.

For our example, we will choose to buy 0.1 BTC at market (which means at the best possible market price), which will cost us $873.39 USD at the time of the trade. Now, we click “Buy XBT (bitcoin) with USD” and then confirm the trade by clicking “Submit Order” on the next page.

With a market order for 0.1 XBT (bitcoin/BTC), it will only take a matter of seconds for it to get filled. The 0.1 XBT (bitcoin/BTC) that you have just purchased will now be credited to your BTC wallet in your Kraken trading account. And voila, you have purchased bitcoin using U.S. dollars on Kraken.

If you prefer to self-custody (holding your own private keys) your crytoassets versus having Kraken hold them for you, you can transfer your newly purchased bitcoin to a personal crypto wallet, such as a Trezor, or Ledger Nano hardware wallet. 

Overall, Kraken is a reputable option for qualified margin traders, however, the strict eligibility requirements exclude most retail traders. While the fees are competitive, there are better exchanges that have a larger selection of trading pairs.

Thank you for reading!

#blockchain #cryptocurrency #bitcoin #exchange 

What is Kraken Exchange | How to Register, Buy and Sell on Kraken

What are the Differences Between Margin and Futures Trading in India?

Open free Demat account in India.

One of the most popular dilemmas in the world of trading - what is the difference between Margin Trading and Futures Trading? Are they literally one and the same?

This is the question that stumps many an amateur trader when they begin their trading journey.

Futures Trading and Margins trading are two fundamentally different concepts, providing different benefits altogether. 

While Futures Trading allows you to sell contracts that allow you to buy/sell an underlying asset at a specific time and price, margin trading allows you to trade using leverage. You'll be required to set aside money as collateral (as margin), to use the levered funds for trading. if you end up losing money on the trades, you'll be required to post up more collateral. 

Margin trading can be done both in the spot and in the derivatives market. This means, you can effectively utilize margins to trade in futures contracts as well.

With that out of the way, let's go more in depth about what Futures trading and margins trading really means, and how you can use that to your advantage. 

What is Margin Trading in India?

Margin Trading allows you to purchase stocks that you can't otherwise afford (or you're comfortable investing in). You are allowed to purchase shares by paying only a marginal amount of the full value of the share. This margin is either paid as cash, or other shares as a collateral, allowing you to purchase these shares. 

They are considered as levered positions - your stock broker funds your margin trading transactions. This additional margin is settled later, once the position is squared off. You can profit off this transaction only if the gains from this trade is much higher than the margin. 

Key Benefits of Margin Trading

  1. If you're a speculator, with a knack for cashing out on short-term price fluctuations, you can magnify your returns with margin trading.
  2. Shares and securities that you already hold in your Demat account, can be utilized as a collateral for the margin trades.
  3. Margin trading magnifies your RoI (Return on Investment).
  4. Margin Trading allows you to purchase shares that you would otherwise not be able to purchase.
  5. 100% regulated by the Securities and Exchange Board of India (SEBI).

How to Do Margin Trading in India? 

You are required to open a margin account with your preferred broker to avail this facility. The margin varies from broker to broker. You are required to maintain a minimum balance in your margin account at all time, else you run the risk of your position being squared off prematurely. At the end of each trading session, the square off is mandatory. 

One of the best brokers that allow you to open free trading account online with margin facilities is Goodwill Wealth Management - one of the best trading brokers in India. Goodwill allows you to trade across multiple segments, all with a single margin. 

What is Futures Trading in India?

Futures contract are a type of derivatives, that represents an agreement to sell/buy a specific quantity of the underlying asset (stocks, commodities, currencies or even cryptocurrencies), at a specified price, on a specific date in the future (hence the name). 

These contracts are traded multiple times in the open market, up until the fulfillment date, making futures a popular investment for trading. 

These contracts are either settled by physical delivery, or by cash. 

Futures trading is particularly common with commodities. If someone purchases a march futures contract for crude palm oil, they're agreeing to purchase a 1000 barrels of crude palm oil at the specified price, upon expiration. The original writer/purchaser trades their contract to other people, and the ultimate holders will honor this contract, either by physical delivery, or settled using cash. 

Some futures instruments might be cash settled only, where physical delivery is not common. For instance, all Foreign Exchange trades are currently cash settled in India. 

Key Benefits of Futures Trading 

  1. Tend to be highly leveraged - for most futures trading, investors have to set apart a margin (usually 10% of the contract value) as collateral. This allows speculators to earn exponentially more with less capital.
  2. Highly Liquid Market - A large number of futures contracts are traded on a daily basis, making It one of the most liquid markets in the world. Market orders can be placed and executed quickly, particularly for futures contracts that are nearing their expiry. Large positions can be exited without any adverse impact on the price of the underlying asset/ the futures contract.
  3. Low costs - Commissions on futures contracts are usually low, with brokerage as low as 0.08% of the contract value. This depends on the broker though, for instance Goodwill charges flat INR 11/trade, or 0.08% whichever is lower. On the other hand, a full-service broker might charge a higher brokerage commission.
  4. Amazing tools for hedging - Companies across the world use futures contracts to hedge against Foreign Exchange risk, price risk or even interest rate risk.

How to Do Futures Trading in India

While you don't necessarily need a Demat account to begin your futures trading journey in India, it is highly recommended that you open one. If you intend to take delivery of the futures contract, you're required to open free Demat account in India. Head on over to your preferred brokerage site, establish a futures trading system, and begin your trading journey now! 

If you're looking to open a free Demat and Trading account, head on over to gwcindia.in, or click this link to begin the process. 

#trending #finance  #trading #account #india #management #exchange