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If you are one of these traders who are looking for crypto exchanges, this article is for you.
The cryptocurrency market is having the best time of the year. Bitcoin keeps going higher, and many smaller-cap altcoins have been doing very well as well. Analysts predict that crypto exchanges and Bitcoin are ready for massive growth, and things start to get real this year due to the ongoing COVID-19 pandemic.
Yes, there are not many industries that can grow during the time of the pandemic. When the mainstream economy looks worse as time goes by, the cryptocurrency space has been growing slowly but surely. After crypto big drop back in early March, things started to recover since then. In fact, BTC price has recently been doing better than before the infamous March drop.
Following the Bitcoin price, many altcoins are also enjoying the time of their life. Many crypto traders now start to look for alternative crypto exchanges to get a better deal out of their pockets. We have more Bitcoins coming into crypto exchanges more than coming out of them.
So, if you are one of these traders who are looking for crypto exchanges, you might want to read this article further. Here are the five most promising cryptocurrency exchanges in the world right now.
WhiteBIT
WhiteBIT is one of the most promising crypto exchanges right now. It offers fiat-to-crypto with Euro (EUR), Ukrainian Hryvnia (UAH), Russian Ruble (RUB), and Turkish Lira (TL) coming soon. It also offers a full-fledged derivatives trading market with 5x leverage (they plan to expand the maximum leverage to 15x in the near future). It’s rare to see a crypto exchange that offers a full-fledged derivatives market while still allowing fiat-to-crypto at the same time.
What’s even better is that their crypto withdrawal only takes minutes to process even though they store 95% of all crypto assets in cold wallets. They care about their users’ security while still honoring withdrawal requests as fast as possible. As of now, WhiteBIT has over 180,000 users, around 35,000 of which are trading actively every day.
Level01
Level01 is a P2P exchange that is working on decentralizing the vast derivatives market. The platform allows users to trade in a fair and secure environment using its revolutionary artificial intelligence algorithm known as FairSense.
The algorithm helps users trade like professionals by estimating the actual market value for the contracts they seek to trade and providing them with real-time fair price value for all that are participating in the asset market. The exchange allows for quick trade executions that are settled by smart contracts using a hybrid trading engine that matches trades on cloud serves. Users can trade derivatives and options in Forex, digital currencies, stocks, commodities, and indices on the platform.
Users need a Tradeline within the level01 app, which allows them to add assets from their private wallets into the platform to fund trades. Currently, the app accepts ETH, stablecoins USDT, TUSD, DAI, and its native token LVX. The token is now on offer on Digifinex with a USDT pairing (LVX-USDT), with a BTC pairing coming soon. LVX was added on CoinMarketCap.com last month and has been one of the best performers with an ROI of 68% since publication on CMC.
Nominex
Nominex is a fast-growing crypto exchange that allows users to buy and sell cryptocurrencies with minimal risk. Registration on the platform is quite simple, and the platform requires no KYC to trade up to 3 BTC. On the exchange, users can buy crypto using credit cards with fast deposits and withdrawals. The platform stores 99% of all funds using multisig cold wallets, and users can set two-factor authentications to secure their accounts.
Also, users have access to advanced order types and can trade 13 coins with 31 pairings. The platform charges low commissions with 0.02% for limitless trading, 0.01% for market makers, and offers discount cards for active traders. There is also an excellent referral program with eight types of bonuses for users. To make trading more fun, the platform features daily contests using demo accounts where winners can be awarded up to 1000 USDT as a prize. The exchange also has a native token NMX that acts as a utility token on the platform.
FTX
Another promising exchange is FTX. It offers up to 101x leverage, and it has many creative tokens that are not available elsewhere. FTX was the first exchange that offered 3x BTC BULL, 3x BTC BEAR, 3x ETH BULL, and 3x ETH BEAR tokens – which means that your profit or loss could potentially go as high as 3x of normal spot trading. And as you can see from the name, 3x BEAR means that you would make a profit when the price of BTC or ETH goes down. 3x BULL means you would make a profit when the price goes up.
Unlike normal futures markets, you wouldn’t have to worry about margin, interests, and all the other confusing terms with these leveraged tokens. Basically, FTX allows you to get exposed to leveraged trading without any technical knowledge. Besides leveraged tokens, FTX also offers standard derivatives platform, index, and even hashrate futures.
Digitex Futures
Another very promising crypto exchange is Digitex Futures. It is a derivatives platform with a strong user base. The Initial Coin Offering (ICO) of DGTX token was launched in January 2018 to fund the development of Digitex Futures. However, the development itself took more than 2 years to complete. Digitex Futures already has plenty of fans and loyal users, even before they officially launch.
The main strength of Digitex Futures is its zero-fee trading commission policy. Unlike other derivatives platforms where you have to pay hefty fees for every transaction, Digitex Futures does not take any commission from your transaction. If you are a scalper or high-frequency trader, you might want to take a look at it. The exchange itself makes money by selling DGTX tokens from their treasury account.
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