This guide will explain what the CoinEx referral code is, what the benefits of using this invite code are, and how to use the CoinEx invitation code to get new user sign-up bonuses.

CoinEx Referral Code

Get $100 New User Bonus

Code Valid: May 2025

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What is CoinEx Referral Code?

A CoinEx referral code is a unique promo code or invite code provided to existing users to invite new traders to the platform. You can use a referral code during signup, and new users will unlock bonuses, such as trading fee discounts or cash rewards. Referrers earn a commission, typically a percentage of the trading fees generated by their referrals. This system benefits both parties while expanding the CoinEx community.

The best CoinEx referral code is “bq5ea,” which offers new users a $100 welcome bonus and a 20% discount on trading fees.

CoinEx Sign-Up Bonus and Rewards

CoinEx offers various sign-up bonuses and rewards. New traders can easily get a $100 bonus and a 20% trading fee discount without needing KYC. You can also invite friends, and referrers can earn up to 40% of their referees’ trading fees as a commission.

The platform also runs deposit bonuses, such as depositing NACHO for up to 20% cashback or PINGO to share a 27,000 PINGO pool. These promotions make trading more affordable and boost user engagement. The best referral code to use is bq5ea, which delivers a $100 bonus and a 20% fee reduction. Sign up with the “bq5ea” invite code on CoinEx to access these perks instantly and start trading over 1,200 coins.

How to Use CoinEx Referral Code?

CoinEx Referral Code

Get $100 New User Bonus

Code Valid: May 2025

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Claim Reward Now!

Step 1: Create a CoinEx Account and Complete KYC

Visit the CoinEx website. Click the “Sign Up” button in the top right corner of the homepage. Fill in your email address and create a strong password. Now, you need to enter our CoinEx promo code “bq5ea”. The process is simple, and you can unlock a $100 bonus, a 20% trading fee discount, and deposit bonuses like 20% cashback.

Agree to the terms of service, complete the captcha verification, and submit the form. Check your email for a 6-digit verification code from CoinEx, then enter it to activate your account. 

Next, enable two-factor authentication (2FA) for security by navigating to the “Account” section and selecting “Security Settings.” No KYC is required for basic trading or claiming the referral bonus, so you can skip identity verification unless you need higher withdrawal limits. If KYC is needed later, go to the “Account” section, select “KYC Verification,” and upload a government-issued ID and proof of address. 

Step 2: Deposit and Start Trading

Go to the “Assets” section in the top menu and click “Deposit.” Choose a cryptocurrency like Bitcoin, Ethereum, or others supported by CoinEx. Copy the unique wallet address for your chosen crypto and transfer funds from an external wallet. 

Alternatively, use fiat deposit options like bank transfers or cards if available in your region. Ensure you deposit enough to meet bonus requirements, such as $50 worth of crypto for some promotions.

Once the deposit is confirmed, select “Spot Trading”. Pick a trading pair, like BTC/USDT, and place a market or limit order. Start with small trades to familiarize yourself with the platform’s high-speed matching engine. Trading activity is key to unlocking referral bonuses, so complete at least one trade to qualify.

Step 3: Claim Your CoinEx New User Bonus

After trading, check for your $100 new user bonus and 20% fee discount. Navigate to the “Newcomer Zone” tab in your account dashboard. Complete tasks listed there, such as depositing and trading specific amounts, to unlock cashback vouchers. Rewards are credited within 7 days, either as crypto to your wallet or vouchers in your account.

CoinEx Referral Program

CoinEx Referral Code

Get $100 New User Bonus

Code Valid: May 2025

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Claim Reward Now!

The CoinEx referral program offers you a way to earn commissions by inviting new traders to the platform. You need to generate a unique referral link or code in the “Referral” section of your account dashboard. When friends sign up using this link or enter the code, the referrer earns up to 40% of their referees’ trading fees, paid daily.

About CoinEx Exchange

​CoinEx is a global cryptocurrency exchange established in 2017. It is part of the ViaBTC Group and serves over 10 million users in more than 200 countries and regions. The platform supports 18 languages and offers a wide range of trading services.

CoinEx provides various trading options, including spot trading, futures trading with up to 100x leverage, margin trading, and automated market maker (AMM) services. It supports over 1,200 cryptocurrencies, such as BTC, ETH, DOGE, and XRP. The platform also offers strategic trading tools like copy trading and auto-invest plans, allowing you to replicate experienced traders’ strategies or invest fixed amounts regularly. It is also a no-KYC exchange, and you can trade without ID with full privacy. 

The exchange employs cold storage systems, multi-signature protocols, real-time monitoring, and strict whitelisting to protect your assets. It maintains a 100% reserve ratio, verified through the Merkle Tree audit method. The CoinEx platform features a user-friendly interface with real-time market data, including top gainers and losers, trading volumes, and price changes. The “Markets Overview” page provides comprehensive market insights to help you make informed decisions. Customer support is available 24/7 through email, tickets, and a help center.

CoinEx Referral Code

Get $100 New User Bonus

Code Valid: May 2025

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Claim Reward Now!

Conclusion

In a nutshell, CoinEx’s referral program is designed to make trading more rewarding for you and your friends. When you use the CoinEx invite code “bq5ea”, you will receive a $100 signup bonus and a 20% discount on trading fees. You will also be eligible for deposit bonuses, such as 20% cashback on NACHO or a share of 27,000 PINGO tokens, which can improve your trading experience.

By sharing your own CoinEx invitation code, you can earn up to 40% of your friends’ trading fees, and the rewards will be credited to your account daily.

FAQs

What is the bonus code for CoinEx?

The CoinEx bonus code is a unique identifier like “bq5ea” that new users enter during signup to unlock rewards. This code provides a $100 signup bonus and a 20% trading fee discount. To use the code, register on CoinEx, enter bq5ea in the referral section, and complete tasks like depositing and trading to claim rewards credited within a week.

How do we get a CoinEx referral code?

To get a CoinEx referral code, log in to your account and navigate to the “Referral” section in the account dashboard. CoinEx automatically generates a unique referral link and code for each user. Copy this code or link to share with friends. If you’re a new user, you can use an existing code like “bq5ea” during signup.

How do I get a crypto referral bonus?

To get a crypto referral bonus on CoinEx, invite friends using your unique referral code or link. When they sign up with your code and trade, you will earn up to 40% of their trading fees paid daily. New users will also claim a $100 bonus and a 20% fee discount by entering your code during registration and completing tasks like depositing and trading.

The post CoinEX Referral Code 2025: bq5ea ($100 New User Bonus) appeared first on NFT Evening.

That’s where referral codes come in. They give you a head start with bonuses, discounts, or other perks. In this guide, we will discuss the LBank referral code, its benefits, how to use it, and claim your sign-up bonuses.

Lbank Referral Code

$6,000 USDT Sign-Up Bonus

20% Off Trading Fees

Code Valid: May 2025

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Claim Reward Now!

What is the LBank Referral Code?

LBank referral code is a special promotional code you can use when signing up on the LBank crypto exchange. It gives you rewards like trading fee discounts and welcome bonuses. You can enter it during registration to get extra benefits.

The best LBank referral code is “4UIUJ“. You will get a 6,000 USDT newcomer bonus and a 20% trading fee rebate.

LBank Bonus and Rewards

When you sign up on LBank and use the referral code 4UIUJ, you can unlock a newcomer bonus of up to 6,000 USDT. You need to complete certain tasks to earn these rewards.

Newcomer Tasks

You need to make your first spot trade with a minimum volume of 100 USDT and first deposit of at least 10 USDT into your LBank account. Another task is to complete your first futures trade with a trading volume of 1,000 USDT or more. You also need to transfer at least 10 USDT into your futures account. 

Additionally, you can complete your first copy trade with a minimum trading volume of 100 USDT. To qualify for all bonuses, you must maintain a futures wallet balance of at least 10 USDT. By completing these simple activities, you can start earning bonuses as a new LBank user.

Spot Trading Rewards (Up to 1,000 USDT)

You can earn a futures bonus if you meet the required spot trading volume after registration. You must trade a total spot volume of at least 100 USDT and keep a minimum balance of 10 USDT in your futures account. 

You have 14 days after signing up to finish these requirements. After completing them, you can claim a futures bonus, which can go up to 1,000 USDT depending on your trading activity.

Futures Lucky Draw (Up to 3,000 USDT)

You also have the chance to win prizes through the LBank Futures Lucky Draw. If you reach a total futures trading volume of 10,000 USDT and maintain at least 10 USDT in your futures account, you can earn lucky draw chances. Each draw gives you a chance to win different prizes like futures bonuses ranging from 2 USDT up to 500 USDT.

Futures Peak Duel

LBank also offers a Futures Peak Duel challenge where you can earn even bigger rewards. If you reach a total futures trading volume of 1,000,000 USDT and keep a futures account balance of at least 400 USDT, you can claim a futures bonus. The rewards for this event can reach up to 2,000 USDT.

Lbank Referral Code

$6,000 USDT Sign-Up Bonus

20% Off Trading Fees

Code Valid: May 2025

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Claim Reward Now!

How to Use LBank Referral Code?

Step 1: Create an LBank Account

First, you need to visit the official LBank website or download the LBank app. Click on the “Start” button to open the registration page. Here, you will be asked to enter your email address or mobile number and create a password. 

During this registration step, you will see a box to enter a referral code. Make sure you type 4UIUJ in the referral code box. This will activate your special bonus offers. After filling in all the details, click to register and then verify your email or phone number. Your LBank account will be ready to use once the verification is complete.

Step 2: Deposit Funds and Start Trading

Once you have created an account, you must fund it. Go to “Wallet” and then “Deposit”. Select the cryptocurrency you wish to deposit and copy your wallet address. Send crypto from a different wallet or exchange using this address.

As soon as your deposit reaches your wallet, you are ready to begin trading. Enter the spot or futures trading areas and place your initial trade. Ensure your spot trade amount is not less than 100 USDT and your futures trade amount is not less than 1,000 USDT to earn bonuses. You can even try copy trading if you desire to copy experienced traders.

Step 3: Claim Your LBank Referral Bonus

Once you complete the trading and deposit tasks, you can claim your referral bonuses. Go to your “Bonus Center” section. Here, you will find a list of activities and their current status. If you have finished a task, the bonus will be available to claim. 

You will receive futures bonuses, deposit bonuses, trading vouchers, or other rewards directly into your account. Remember, you must finish the required tasks within the time limit after your registration to get all your bonuses.

LBank Referral and Affiliate Program

LBank has a Referral and Affiliate Program that enables you to earn commissions by inviting other traders to join the platform. Here, you can earn a commission of up to 30% of the trading fees of users who register and trade using your referral link or code.

This applies to both spot and futures trading, and the commissions are determined by the referral’s transaction fees paid and are paid out daily. Additionally, you can earn more by referring sub-partners; if they sign up for the Affiliate Program via your link and earn commissions, you get a share of their earnings as well.

About LBank Exchange

LBank is the best crypto exchange with offices in Indonesia, Lithuania, Canada, Singapore, and the UAE. It is operated by LBK Blockchain Co., Limited, and it serves over 15 million registered users across more than 210 countries. It offers a robust platform for trading major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), alongside over 800 trading pairs, including altcoins, meme coins, and DeFi tokens. 

LBank offers spot trading, crypto futures contracts with up to 200x leverage, and copy trading. You can also participate in peer-to-peer (P2P) transactions for direct crypto purchases using over 150 fiat currencies and more than 20 payment methods, including Visa, Mastercard, Google Pay, and bank transfers. 

Staking is another feature, offering flexible and locked options with competitive Annual Percentage Yields (APY) for passive income. LBank has the same competitive fee structure of 0.1% maker/taker and has high security measures with 2FA, cold storage, and PoR data.

Lbank Referral Code

$6,000 USDT Sign-Up Bonus

20% Off Trading Fees

Code Valid: May 2025

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Claim Reward Now!

Conclusion

In a nutshell, LBank offers you a great opportunity to start your crypto journey with extra crypto sign-up rewards. By using our LBank referral code 4UIUJ, you can unlock welcome bonuses, trading fee discounts, and other benefits without any extra steps. You just need to sign up with our referral code, and this gives you access to up to 6,000 USDT in rewards. For more sign-up bonuses, check out our guide on the Binance referral code. 

FAQs

How do I get my LBank referral code?

To get your own LBank referral code, log in to your LBank account and go to the “Referrals” section in your account dashboard. There, you will find your unique referral code and link. You can share this code or link with others to invite them to LBank.

How to find the current LBank referral code?

The best current LBank referral code is 4UIUJ. You can use this code when signing up on LBank to receive various bonuses and benefits. During the registration process, there will be a field labeled “Referral Code” or “Invitation Code.” Enter 4UIUJ in this field to activate the associated rewards. These rewards may include trading fee discounts and welcome bonuses.

What is the LBank invitation code?

An LBank invitation code is a coupon code or referral code provided by existing users to invite new users to the platform. When a new user registers using an invitation code, both the inviter and the invitee can receive rewards. These rewards often include trading fee discounts, bonuses, or other promotional benefits.

What types of LBank referral code bonuses are available?

LBank offers four main types of referral code bonuses. These are the Newcomer Bonus, Spot Trading Rewards, Futures Lucky Draw, and Futures Peak Duel. All these referral bonuses together can give you rewards worth up to 6,000 USDT.

Can I use the LBank referral code without verification?

Yes, you can use the LBank referral code without completing identity verification (KYC). LBank allows users to register and trade with a daily withdrawal limit of up to 1 BTC without KYC. However, to access higher withdrawal limits and certain fiat trading features, completing KYC verification is necessary.

The post LBank Referral Code 2025: 4UIUJ ($6,000 Sign-Up Bonus) appeared first on NFT Evening.

Also, crypto exchanges in the Netherlands must comply with the Dutch Central Bank (DNB) regulations. This ensures user protection and a secure trading environment. This guide covers the best crypto exchanges in the Netherlands, key factors to consider, and how crypto tax works for Dutch traders.

List of the Best Crypto and Bitcoin Exchanges in the Netherlands

1. Bybit: Best derivatives platform in the Netherlands
2. Bitget: Best for Altcoin trading
3. MEXC: Cheapest crypto exchange in the Netherlands
4. Coinbase: Regulated Dutch trading platform
5. Kraken: Safest crypto exchange Netherlands
6. Crypto.com: Best crypto app in the Netherlands
7. OKX: Best for advanced crypto traders

Best Crypto Trading Platforms in the Netherlands – Detailed Review

1. Bybit: Best derivatives platform in the Netherlands

Bybit is our #1 choice as the best crypto exchange in the Netherlands. Launched in 2018, Bybit’s recent expansion into the Netherlands through “Bybit.nl” makes it a prime option for Dutch traders. 

In partnership with Satos, a regulated Dutch crypto service provider supervised by De Nederlandsche Bank (DNB), Bybit ensures full compliance with local laws. This collaboration allows Dutch traders to deposit and withdraw EUR easily using popular methods like iDEAL with zero fees.

Bybit offers access to over 500 trading pairs, including popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), alongside a wide range of altcoins. It excels in derivatives trading, providing futures, perpetual swaps, and options with up to 100x leverage. The platform also features a “One-Click Buy” option for instant crypto purchases with competitive rates. Additional tools like trading bots, staking options, and a Web3 wallet are also available.

Pros of Bybit

• Bybit offers over 500 trading pairs for diverse options
• It supports euro deposits via iDEAL with no fees
• The platform provides up to 100x leverage on derivatives
• Bybit.nl complies with Dutch regulations through its Satos partnership
• Trading bots and staking add extra earning potential

Cons of Bybit

• Customer support response time may vary during peak hours
• Recently faced a $1.4B hack

Bybit Referral Code

Earn Up to $30,050 Deposit Bonus

30% Trading Fee Discount

Code Valid: May 2025

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2. Bitget: Best for Altcoin trading

Bitget is another exchange that is best for crypto traders in the Netherlands due to its advanced features and user-focused services. It serves over 100 million users globally, including Dutch traders. The platform supports over 800 cryptocurrencies and more than 900 trading pairs, giving Dutch users plenty of choices like Bitcoin, Ethereum, and altcoins.

Bitget’s best feature is copy trading. This allows users to follow and copy the trades of successful traders, which is great for beginners who want to learn or earn passively. It also provides spot trading for direct buying and selling and futures trading with up to 125x leverage. 

Dutch traders can deposit and withdraw Euros for free via SEPA bank transfers. The platform’s mobile app is user-friendly, and Bitget prioritizes security with cold storage for funds, a $520 million protection fund, and regular proof-of-reserve updates. Trading fees are also low, or we can say quite competitive, starting at 0.1% for spot trades, and users get a 20% discount if they pay with Bitget’s token (BGB).

Pros of Bitget

• Offers copy trading to follow successful traders easily
• Supports over 800 cryptocurrencies for diverse trading options
• Provides free Euro deposits and withdrawals via SEPA
• Ensures security with cold storage and a protection fund
• Features a user-friendly mobile app for trading anywhere

Cons of Bitget

• Not registered with De Nederlandsche Bank for local regulation
• Limited fiat deposit and withdrawal methods

Bitget Referral Code

Get $6,200 USDT Bonus

Deposit & Trade This Month

Code Valid: May 2025

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3. MEXC: Cheapest crypto exchange in the Netherlands

MEXC is the best exchange in the Netherlands, especially for those who value privacy with its no-KYC trading feature. This global exchange, founded in 2018 and based in Seychelles, allows users to trade without mandatory Know Your Customer (KYC) verification. You can sign up with just an email and start trading right away.

MEXC offers three account tiers: unverified, primary KYC, and verified plus. For unverified users, the platform sets a withdrawal limit of 10 BTC per day, which is generous compared to many exchanges requiring full verification. The exchange supports over 2,900 cryptocurrencies and more than 3,000 trading pairs, giving Dutch traders a huge variety to choose from. MEXC provides spot trading, futures trading with up to 200x leverage, peer-to-peer (P2P) trading, and copy trading tools. It also offers earning options like staking and savings products for passive income. 

The platform keeps trading fees very low, with 0.01% maker fees and 0.04% taker fees for futures, and spot trading fees at just 0.05%. MEXC operates smoothly in the Netherlands, supporting EUR deposits via SEPA transfers and credit cards. 

Pros of MEXC

• MEXC offers no-KYC trading for privacy-focused users
• The exchange supports over 2,900 cryptocurrencies
• It provides low fees, like 0.05% for spot trading
• Users enjoy up to 200x leverage on futures
• MEXC allows 10 BTC daily withdrawals without KYC

Cons of MEXC

• MEXC lacks regulation from the Dutch Central Bank
• No-KYC trading increases money laundering risks

MEXC Referral Code

Claim 8,000 USDT Sign-Up Bonus

Code Valid: May 2025

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4. Coinbase: Regulated Dutch trading platform

Coinbase is another top exchange that earns trust with its registration at De Nederlandsche Bank (DNB), ensuring it has followed strict Dutch regulations since its approval in 2022. The platform provides a simple way to buy and sell crypto instantly using fiat currency, like EUR.

The platform supports instant buy and sell options with fiat through methods like iDEAL. You can deposit euros for free via iDEAL and trade over 200 cryptocurrencies. Coinbase also offers SEPA transfers and card payments, making it easy to fund accounts quickly. The exchange charges a fee of 1.49% for standard buy/sell trades, which is higher than some competitors, but the convenience of instant transactions balances this cost for many.

Coinbase stands out with its clean interface and mobile app. The platform ensures security with two-factor authentication (2FA) and cold storage for 98% of funds, keeping assets safe. Dutch traders enjoy staking rewards, earning up to 5% on assets like USDC.

Pros of Coinbase

• Coinbase registers with De Nederlandsche Bank for legal compliance
• The platform supports instant buy/sell with euros via iDEAL
• Users trade over 200 cryptocurrencies quickly and easily
• The exchange offers strong security with 2FA and cold storage
• Coinbase provides staking rewards of up to 5% on assets

Cons of Coinbase

• The exchange charges 1.49% fees for standard trades
• The platform offers fewer crypto-to-crypto trading pairs
• Basic mode lacks advanced tools for experienced users

User Score

9.8

Coinbase Promotion

Get Bonus Up to $600

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5. Kraken: Safest crypto exchange Netherlands

Kraken is the safest platform for cryptocurrency trading in the Netherlands. Founded in 2011, this exchange has built a strong reputation for security and reliability. It holds a registration with De Nederlandsche Bank and ensures it follows Dutch regulations for anti-money laundering and customer safety. Kraken serves over 10 million users worldwide, with a significant presence in Europe, including the Netherlands.

The platform offers a wide range of features for Dutch traders. It supports over 320 cryptocurrencies, such as Bitcoin, Ethereum, and many altcoins. Kraken provides free Euro deposits via SEPA transfers and supports iDEAL payments for quick funding. The exchange also includes advanced trading tools through Kraken Pro, like margin trading with up to 5x leverage and futures trading.

For beginners, the standard interface keeps things simple and easy to use. Kraken ensures strong security with 95% of funds in cold storage, two-factor authentication (2FA), and withdrawal whitelists.

Pros of Kraken

• Offers over 320 cryptocurrencies for trading
• Supports free SEPA and iDEAL payments
• Provides strong security with cold storage
• Includes advanced tools like margin trading
• Features 24/7 customer support options

Cons of Kraken

• Charges high fees for Instant Buy, up to 3%
• Many new altcoins are not available for trading

User Score

9.8

Kraken Promotion

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6. Crypto.com: Best crypto app in the Netherlands

Crypto.com is the best crypto app in the Netherlands. The exchange provides a wide range of features for users in the Netherlands. You can trade over 250 cryptocurrencies, including popular ones like Bitcoin and Ethereum. Crypto.com also offers a mobile app that makes trading simple and fast, even for beginners. 

The app includes a user-friendly design so you can buy, sell, or manage your assets with ease. For payments, the platform supports EUR deposits through SEPA transfers, which work well for Dutch bank accounts. It also offers a Crypto.com Visa card, allowing you to spend your crypto at stores with cashback rewards in crypto.

The platform uses cold storage for 98% of user funds, keeping them safe from hacks. It also adds two-factor authentication (2FA) to protect your account. For those who want to earn extra, Crypto.com provides staking options, where you can lock up certain coins to gain interest over time.

Pros of Crypto.com

• The platform supports over 250 cryptocurrencies for trading
• Users enjoy SEPA transfers for easy EUR deposits
• The Visa card offers crypto cashback rewards
• Cold storage secures 98% of user funds safely
• Staking options let users earn interest on coins

Cons of Crypto.com

• Trading fees start high for small transactions
• High fees apply for non-staked card users

Promotion

Sign up to get US$50 worth of CRO bonus

Deposit & Start Trading Today on Crypto.com

Code Valid: May 2025

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7. OKX: Best for advanced crypto traders

OKX ranks as the top Dutch crypto exchange due to its advanced features and local support. The platform launched its services in the country in June 2024, offering Dutch users a reliable and secure trading experience. 

The exchange provides access to over 350 cryptocurrencies for spot trading. It also offers more than 60 trading pairs with the Euro, making transactions smooth for Dutch users. OKX integrates with iDEAL, a widely used payment system in the Netherlands. Users can also use SEPA for deposits and withdrawals, adding flexibility. The platform charges competitive fees, with a maker fee of 0.08% and a taker fee of 0.1%, which suits active traders.

OKX goes beyond basic trading. It includes advanced options like futures trading with up to 100x leverage and margin trading for those seeking higher returns. The OKX Wallet gives users full control over their assets and connects them to DeFi and NFT services. The exchange also features a decentralized exchange (DEX) and staking options for earning passive income.

Pros of OKX

• OKX supports over 350 cryptocurrencies for trading
• The exchange offers low fees, starting at 0.08%
• It provides iDEAL for free, instant Euro deposits
• OKX includes futures trading with up to 100x leverage
• The platform has local Dutch customer support for users

Cons of OKX

• OKX does not support some smaller local payment methods
• Advanced features might confuse inexperienced crypto traders

OKX Referral Code

Claim Your Share of the 60,000 USDT Prize Pool!

Deposit & Trade This Month

Code Valid: May 2025

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Best Crypto Exchanges in the Netherlands – Comparison Table

How to Choose a Crypto Exchange for Dutch Traders?

Accessibility

Accessibility is how simple it is for Dutch traders to get on the platform. The exchange must work in the Netherlands and follow rules from De Nederlandsche Bank (DNB). Some have Dutch language options, which is good if English is tough for you. See if it runs well on your phone or computer. A platform that’s hard to use or doesn’t let Dutch people join isn’t worth it.

Liquidity of Crypto Assets

Liquidity is how fast you can buy or sell crypto without price slippage. A platform with lots of traders makes trades quick and smooth. Dutch traders need this so they get the price they want. Look at the trading volume—more volume means better liquidity. A place with low activity can cost you money because trades take too long.

Customer Support

Customer support is how the platform fixes your problems. Good Support replies fast and knows what Dutch traders deal with. Some of the best crypto exchanges in the Netherlands give help all day through chat or email, which is handy for late-night trading. Try asking a question before signing up to see how quick they are. Slow or bad support can leave you waiting when you need help.

Trading Fees

Trading fees are what you pay to buy or sell crypto. Lower fees mean you keep more of your cash, especially if you trade often. For example, one platform might take 0.1% per trade, and another 1%. Look at fee details and if they drop when you trade more. High fees cut into what you earn, so find one that works for your wallet.

Payment Methods

Payment methods are how you put money in or take it out. The top preferred payment methods for Dutch traders are iDEAL or SEPA transfers, which are normal here. Some take credit cards but add extra costs. Make sure the platform uses euros (EUR) so you don’t pay to change money. If it has few ways to pay, starting or cashing out gets tricky.

Security

Security is how well the platform protects your money and details. Pick one with two-factor authentication (2FA) and most funds offline in cold storage. Dutch traders should go for exchanges tied to DNB for safety. Check if it’s been hacked before—skip ones with a bad past. Good security stops thieves from taking your crypto.

User Interface

The user interface is how the platform looks and feels when you use it. An easy layout helps you trade without getting lost, especially if you’re new. Some Netherland crypto exchanges have a simple version for new users and an advanced one for pros. Try it out—see if you can move around without trouble. A confusing setup can mess up your trades.

Reputation Amongst Dutch Traders

Reputation is what Dutch traders say about the platform. A solid one means it’s dependable and fair. Check what Dutch users say on forums or X for honest thoughts. A place with lots of gripes about delays or scams is a red flag. 

Available Cryptocurrencies

Available cryptocurrencies are the coins you can trade on the crypto exchange. Some Netherland trading platforms stick to Bitcoin and Ethereum, while others give hundreds of choices. The traders might want big names or new coins, depending on their plan. Look at the coin list.

How to Buy Crypto and Bitcoin in the Netherlands?

To purchase cryptocurrencies like Bitcoin in the Netherlands, follow these steps:

1. Select a Reputable Exchange: Choose the best cryptocurrency exchange that operates legally in the Netherlands. Ensure the platform is registered with De Nederlandsche Bank (DNB) to comply with local regulations. Examples of such exchanges include Coinbase and Bybit.
2. Create an Account: Visit the chosen exchange’s website and sign up for an account. You’ll need to provide personal information and verify your identity, typically with a valid ID and proof of address.
3. Add a Payment Method: Link a payment method to your account. Most Dutch exchanges accept bank transfers, credit/debit cards, and other local payment options. For instance, Coinbase supports bank deposits and PayPal.
4. Deposit Funds: Transfer euros into your exchange account using the linked payment method. Some platforms allow instant deposits, while others may take a few business days to process.
5. Purchase Cryptocurrency: Once your account is funded, navigate to the trading section, select the desired cryptocurrency (e.g., Bitcoin), and enter the amount you wish to buy. Review the transaction details, including any fees, before confirming the purchase.

Dutch Crypto Regulations

In the Netherlands, cryptocurrency is legal and regulated primarily under the framework of anti-money laundering (AML) and counter-terrorist financing (CTF) laws. The Dutch Central Bank (De Nederlandsche Bank, or DNB) oversees the regulation of crypto activities. 

The Netherlands has implemented the EU’s 5th Anti-Money Laundering Directive (AMLD5) through the Dutch Money Laundering and Terrorist Financing Prevention Act (Wwft). This law requires cryptocurrency service providers, such as exchanges and custodian wallet providers, to register with the DNB if they offer services in or from the Netherlands.

The Netherlands is also aligning with broader EU regulations, such as the Markets in Crypto-Assets Regulation (MiCA), which will fully take effect by late 2025. MiCA introduces licensing requirements for crypto-asset service providers (CASPs), consumer protection measures, and rules for stablecoins. 

While crypto transactions face no major restrictions, activities like borrowing and staking remain partially unregulated, though they may fall under consumer credit or investment scheme laws in specific cases.

How Is Crypto Taxed in the Netherlands?

In the Netherlands, cryptocurrency is taxed as an asset under the Dutch personal income tax system, which is divided into three categories, or “Boxes”.

Box 3: Wealth Tax for Most Crypto Investors

For most individuals, crypto holdings are taxed under Box 3 (income from savings and investments). This applies to casual investors who hold crypto as part of their personal wealth. 

The tax is calculated based on the fair market value of all assets—including crypto—on January 1 of the tax year, minus debts and a tax-free threshold of €57,684 (as of 2025). The government assumes a fictitious return (deemed yield) on this net value, which is then taxed at a flat rate of 36%.

Conclusion

In a nutshell, choosing the best crypto exchange in the Netherlands depends on your trading needs, security preferences, and available features. The most regulated exchanges, like Bybit, Crypto.com, and Coinbase, offer reliable services, while platforms such as Kraken provide advanced trading tools.

Always check whether an exchange is registered with De Nederlandsche Bank (DNB) to ensure compliance with Dutch regulations. Also, you can consider factors like fees, payment methods, and customer support before making a decision.

FAQs

Can You Trade Crypto in the Netherlands?

Yes, you can trade crypto in the Netherlands. The government allows it under strict regulations. You must use registered crypto exchanges in the Netherlands, like Bybit or Coinbase. These platforms follow Dutch laws for safety and transparency. Trading is open to all Dutch residents with verified accounts.

What Is SEPA, and How Does It Benefit Dutch Cryptocurrency Traders?

SEPA is the Single Euro Payments Area, a system for fast bank transfers across Europe. It lets Dutch traders fund crypto accounts quickly. You will pay low fees compared to other methods, and transfers are usually completed within one day.

Can I Trade Altcoins on Dutch Cryptocurrency Exchanges?

Yes, you can trade altcoins on Dutch crypto exchanges. The best platforms, like Bybit, Coinbase, and MEXC, offer many altcoin trading options. They list all popular altcoins like Ethereum, Solana, Cardano, and many more.

Is It Safe to Buy Bitcoin in the Netherlands?

Yes, it is safe to buy Bitcoin in the Netherlands. Licensed exchanges follow European Union and Dutch regulations to protect users. These platforms use strong security measures, such as two-factor authentication (2FA), cold storage, PoR data, and anti-phishing code. You should store Bitcoin in a secure wallet, which adds extra protection against cyber threats.

What Is the Best Way to Store Bitcoin in the Netherlands?

The best way to store Bitcoin in the Netherlands is to use a hardware wallet. The best cold wallets, like Ledger or Trezor, keep private keys offline, which protects your Bitcoin from hacking and online threats. If you need to trade frequently, you can use a secure software wallet with two-factor authentication. You should avoid leaving large amounts of Bitcoin on exchanges because they are vulnerable to hacking and security breaches.

Is Binance Legal in the Netherlands?

No, Binance is not legally operating in the Netherlands. The company withdrew from the Dutch market in 2023 after failing to meet the registration requirements of De Nederlandsche Bank (DNB).

The post 7 Best Crypto Exchanges in the Netherlands for 2025 appeared first on NFT Evening.

This guide will cover what a WEEX referral code is, how to use it to get your sign-up bonus, and steps to maximize your trading journey.

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What Is WEEX Referral Code?

A WEEX referral code is a promo code that new users can enter during registration on the WEEX cryptocurrency exchange to unlock exclusive welcome bonuses and trading fee discounts. These referral rewards vary based on the code used and the tasks completed, such as depositing or trading specific amounts.

The best WEEX referral code is “cglw” to get a $30,000 worth of USDT new user bonus and a 30% trading discount.

WEEX Sign-Up Bonus and Rewards

The WEEX Sign-Up Bonus and Rewards program offers new users a chance to earn up to $30,000 USDT by completing simple tasks on the platform. Here is how to get the WEEX sign-up and deposit bonus:

How to Open a New Account with WEEX Invite Code?

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Step 1: Create an Account Using the WEEX Referral Code

Visit the official WEEX website or download the WEEX mobile app from the App Store or Google Play. Click the “Sign Up” button on the homepage. Choose to register with your email or phone number, then enter your details, including a strong password. 

In the registration form, locate the optional “Referral Code” field and enter our WEEX referral code “cglw” to access exclusive rewards, such as a 30% trading fee discount or up to $30,000 USDT in bonuses. 

Complete the CAPTCHA puzzle, agree to the Terms of Service, and submit. Verify your account by entering the code sent to your email or phone. This step ensures you’re eligible for referral-based rewards, but the code must be entered during sign-up, as it can’t be applied later for new accounts.

Step 2: Complete Deposit and Start Trading Futures

To activate bonuses, deposit funds into your WEEX account. From the homepage, go to your profile and select “Deposit.” Choose a cryptocurrency (e.g., USDT) and copy the provided deposit address. Transfer at least 200 USDT from an external wallet to your WEEX futures account, ensuring the address is correct. Maintain a net balance of 200 USDT for three days. 

Then, start futures trading by going to the “Futures” section. Choose a trading pair, such as BTC/USDT or ETH/USDT, based on market trends or your strategy. Set your position (long or short) and use WEEX’s low fees and up to 200x leverage cautiously. Aim for a trading volume of at least 100,000 USDT to meet bonus requirements.

Step 3: Claim Sign-Up Bonus

After completing tasks, claim your bonus in the WEEX Rewards Hub. Tasks include adding a phone number and email, completing KYC, and meeting deposit and trading volume goals. 

WEEX Referral Program

The WEEX Referral Program lets users earn rewards by inviting friends to trade on the platform. You get a unique WEEX promo code or referral link to share. When someone signs up with your code and trades, you earn up to 50% of their trading fees as a commission. 

New users who use your WEEX invitation code can get exclusive bonuses, like up to $30,000 USDT, by completing tasks such as depositing or trading. You can invite as many people as you like, so the more friends you bring, the more you earn. Rewards depend on your referrals’ trading activity.

About WEEX Exchange

WEEX is a Dubai-based cryptocurrency exchange launched in 2018. It focuses on futures trading with a user-friendly platform for retail traders. The exchange offers spot trading, futures trading with up to 200x leverage, and copy trading. 

WEEX supports over 1,000 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Ripple (XRP). It provides low trading fees, with futures fees as low as 0.02% for makers and 0.08% for takers. Spot trading has zero fees, and new coin listings often come with zero-fee campaigns.

Why Use WEEX for Crypto Trading?

You should use WEEX for crypto trading because:

• No-KYC Trading: WEEX allows users to trade without mandatory Know Your Customer (KYC) verification, prioritizing privacy for those who prefer anonymity. Non-KYC accounts can withdraw up to 50,000 USDT per transaction and 500,000 USDT daily.
• 200x Leverage Futures Trading: WEEX offers up to 200x leverage on futures contracts, one of the highest in the market. This high leverage is best for experienced traders seeking high-risk, high-reward strategies across over 480 futures pairs, like BTC/USDT and ETH/USDT.
• 0% Maker Fee Spot Trading: WEEX charges 0% maker fees for spot trading on select pairs. This fee structure benefits those placing limit orders, encouraging liquidity provision. Taker fees are also low, often 0.1% or less, making spot trading cost-effective.
• Copy Trading: WEEX’s copy trading feature lets users replicate the strategies of elite traders in real-time, ideal for beginners or those lacking time to analyze markets. Users can customize leverage, set stop-loss/take-profit ratios, and cap trade amounts, with a 10% commission cap on profits shared with the copied trader.
• 30,000 USDT Sign-Up Bonus: By using our WEEX referral code “cglw”, new users can unlock up to 30,000 USDT in rewards by completing tasks.

Conclusion

In a nutshell, the WEEX referral code program is a great way for new and existing users to enhance their crypto trading journey. New users can use our code like “cglw” to access up to $30,000 USDT in bonuses and low trading fees. Existing users earn up to 50% of their referrals’ trading fees. The process is straightforward: sign up, deposit, trade, and claim rewards. For more rewards, you can also check out our guide on the MEXC referral code.

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FAQs

How do you get a WEEX referral code?

You can get a WEEX referral code by creating an account. After signing up, log in and navigate to the “Referral” section in your account dashboard. There, you’ll find your unique referral code or referral link to share with friends. This code can be used to invite others, earning you up to 50% of their trading fees as a commission. Ensure you share it with new users who haven’t registered yet.

Is Weex Exchange safe?

Yes, WEEX Exchange is considered safe for trading. It uses cold wallet storage for 99% of funds, two-factor authentication (2FA), and encryption to protect data. However, the exchange does not require KYC for trading, which may attract fraud and money laundering.

Do I need to complete KYC to receive the WEEX bonus?

No, KYC is not mandatory to receive the WEEX bonus in most cases. You can claim bonuses like the $30,000 USDT by completing tasks such as depositing 200 USDT to your futures account, maintaining that balance for three days, and achieving a futures trading volume of 100,000 USDT. 

Additional rewards, like $10-$20 USDT for adding a phone number and email, also don’t require KYC. However, WEEX may request KYC verification if it detects unusual activity to ensure account security.

The post WEEX Referral Code 2025: cglw ($30,000 Sign-Up Bonus) appeared first on NFT Evening.

Whether you’re interested in spot trading, copy trading, or exploring high-leverage margin opportunities, WEEX delivers a wide variety of tools to help users navigate the ever-evolving crypto landscape. Come along as we take a closer look at what sets WEEX apart—its trading tools, supported cryptocurrencies, fee structure, mobile apps, and much more—so you can decide for yourself if it’s the one for you.

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WEEX Exchange Review: Summary Table

What is WEEX?

Source: Weex.com

WEEX is a global cryptocurrency exchange founded in 2018 that offers a robust suite of trading tools and financial services. Built for both retail and professional traders, WEEX focuses on speed, security, and a wide selection of supported assets. With a strong emphasis on transparency and user control, the platform is structured to deliver high-performance trading with deep liquidity and low fees.

WEEX also caters to traders looking for leveraged products, offering up to 400x leverage on certain contracts. Its simple UI is complemented by powerful tools such as copy trading and advanced order types, making it easy to navigate while still delivering on flexibility and power.

Pros

• Intuitive and user-friendly interface
• Advanced trading tools with up to 400x leverage
• Over 1700 trading pairs and crypto assets
• Competitive fees and deep liquidity
• Offers spot, futures, copy trading, and staking

Cons

• Not available in all regions (check local restrictions)
• High leverage may pose risks for new traders
• Limited fiat deposit options without third-party services

WEEX Variety Trading Options

Spot Trading

Source: Weex.com

This is the most straightforward trading method on WEEX, where users buy and sell cryptocurrencies at current market prices. It’s suitable for those looking for instant settlement and lower-risk strategies. Spot trades are executed immediately and involve direct ownership of assets, which users can withdraw, transfer, or hold long-term. It’s ideal for casual traders or those who prefer simplicity over complexity.

Copy Trading

Source: Weex.com

Perfect for beginners, copy trading allows users to automatically replicate the trades of top-performing investors. It’s a hands-off way to potentially benefit from top traders’ market decisions, with detailed performance records available for each trader. WEEX’s interface shows trader stats like win rate, ROI, and total followers, helping users make informed choices before selecting a trader to copy.

Margin Trading

WEEX provides high-leverage margin trading, enabling users to trade positions larger than their account balance. With leverage up to 400x, experienced traders can amplify profits—but should also manage risks carefully, as losses can escalate just as quickly. The platform includes tools like stop-loss, take-profit, and cross/isolated margin modes to help mitigate exposure during volatile market conditions.

Staking

WEEX supports staking of selected tokens, allowing users to earn passive rewards simply by locking their holdings in the platform. This offers a way to grow assets without active trading and supports the networks of the staked tokens. Users can choose from flexible or fixed-term staking options, depending on their goals and token availability, with estimated APY clearly displayed for each supported asset.

Advanced Trading Tools

The platform offers a powerful trading engine with fast execution, live charts, technical indicators, and multiple order types to help traders manage risk and improve trade precision. Its interface can be customized, with real-time data feeds and depth-of-market visuals that give users a comprehensive view of current market dynamics.

Advanced charting tools are powered by TradingView, giving access to dozens of drawing tools and overlays. WEEX also includes options for API integration, making it a popular choice for algorithmic traders who need direct access to real-time trading functions.

Order Types on WEEX

WEEX supports a broad selection of order types, designed to give traders maximum control over how and when their trades are executed and their overall entry and exit strategies.

• Market Order: Executes immediately at the best available market price. Ideal for fast entry or exit.
• Limit Order: Executes only when the asset hits a predefined price. Good for price control and precision.
• Stop Order: Triggers a market order once a specific price is reached, often used for risk management.
• Take-Profit Order: Automatically sells once a profit target is hit, locking in gains without manual monitoring.
• Trailing Stop Order: Adjusts dynamically with price movement, allowing traders to capture more upside while limiting downside.

WEEX Mobile Apps

One of the best features of WEEX is the smooth yet powerful mobile trading apps for both Android and iOS, allowing users to manage their portfolios and place trades anytime, anywhere.

Designed with user experience in mind, the app includes a full suite of trading functions—spot, futures, copy trading, and margin—within a clean and intuitive interface. Users can set alerts, monitor prices, analyze real-time charts, and execute trades with just a few taps.

The mobile app also supports biometric login, two-factor authentication, and device authorization, adding additional layers of security. It syncs seamlessly with the web platform, making it easy to transition between desktop and mobile devices without losing any functionality or trading data.

For traders who need an on-the-go solution, or if you want an exchange that has a solid option for mobile use in case you come across crucial alpha while away from your main computer.

WEEX Fees

WEEX offers a competitive and transparent fee structure, making it appealing for both casual and high-volume traders. Fees are broken down into two primary categories: trading fees and deposit/withdrawal fees.

WEEX Deposit & Withdrawal Fees

Depositing cryptocurrencies into your WEEX account is generally free, though blockchain network fees may apply depending on the token and chain used. Withdrawal fees vary by token but are listed on the withdrawal page before you confirm a transaction.

These fees are fixed to cover network costs and are not hidden or marked up. For fiat withdrawals or over-the-counter services, fees may depend on the payment method or third-party processor used.

WEEX Trading Fees

WEEX employs a tiered trading fee system. For spot trading, the fees are 0.00% for makers and 0.10% for takers. On the futures market, the base rate is 0.02% maker and 0.08% taker. These rates are especially competitive compared to other leading platforms. Traders who hold or use WEEX’s native token may receive discounted fees, and high-volume traders may qualify for VIP fee tiers.

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WE-Launch

Source: Weex.com

WE-Launch is WEEX’s native launchpad platform, offering early access to promising crypto projects before they hit the broader market. Designed for both novice and experienced users, WE-Launch allows WEEX account holders to participate in exclusive token launches and public sales by locking in their WEEX assets or fulfilling basic participation requirements.

How to participate in WXT’s airdrop

WEEX’s WE-Launch platform offers WXT holders opportunities to receive free token airdrops from new and promising projects.

It’s easy to participate; first, make sure you hold at least 1,000 WXT in your WEEX Spot Wallet. This will qualify you to be part of weekly airdrops and other limited-access platform rewards.

Then, you’ll need to commit your WXT during appropriate events. You can use the “Quick Commit” button, which becomes active during events. Even while committed, your WXT tokens stay unfrozen and fully accessible.

Once the airdrop event concludes, rewards are distributed proportionately based on the total WXT you committed and the total pool.

Security Measures and Regulatory Compliance

WEEX takes a security-first approach to protect its users and their funds. It employs industry-leading multi-signature wallets, cold storage solutions, anti-phishing codes, and 2FA to safeguard accounts from unauthorized access.

The platform also conducts regular audits and penetration testing to identify and fix potential vulnerabilities. For institutional-level storage, WEEX utilizes segregated cold wallets with restricted access. On top of that, it has strict KYC and AML policies in place to ensure platform integrity and regulatory alignment.

WEEX Supported Countries

The platform is accessible in regions across Asia, Europe, Africa, and Latin America, offering services to millions of users in over 130 countries.

That said, WEEX is currently not available to residents of the United States, along with other jurisdictions that enforce strict regulations around cryptocurrency trading and derivatives.

Supported Cryptocurrencies on WEEX

WEEX offers support for a massive range of digital assets, with more than 1700 available trading pairs. These include major coins like Bitcoin, Ethereum, Tether, Ripple, and Solana, along with numerous altcoins, stablecoins, DeFi tokens, and emerging assets.

WEEX KYC: Account Verification

WEEX users can access more features after completing KYC verification, including higher withdrawal limits and participation in WE-Launch events. The verification process is quick and easy.

• Submit a government-issued ID, with typical options being a passport, a driver’s license, or a national ID.
• Take a selfie to verify facial identity.
• Provide basic personal information like full name, date of birth, and country of residence.

KYC approval usually takes less than 24 hours, and once you’ve been verified, your account will be fully unlocked. This gives you access to advanced trading strategies, additional features, higher limits for deposits and withdrawals, and advanced security measures.

How to Create a WEEX Account

Creating an account on WEEX is relatively simple, and most users can get it done in just a few minutes.

1. First, be sure you’re on the official site and click the sign-up button.
2. Sign up with either an email address or mobile number, and be sure you implement a strong password.
3. Once your account is created, deposit crypto into your spot account or futures account, depending on your basic investing strategy.
4. Now you’re ready to explore various trading features and start trading.

WEEX Payment Methods

WEEX supports a wide range of payment options for deposits and withdrawals, including:

• Cryptocurrency transfers from external wallets
• Peer-to-peer fiat deposits in some regions
• Third-party providers for credit/debit card payments and bank transfers where permitted

Depending on your region, you may have access to other methods.

WEEX Affiliate & Referral Programs

Through the WEEX Affiliate Program, users can earn up to 70% commission on trading fees generated by their referrals. The Referral Program allows everyday users to invite friends via unique links or QR codes. Commissions are automatically credited, and top affiliates may qualify for bonuses, marketing support, and exclusive events.

WEEX vs Other Crypto Exchanges in the USA

Conclusion

WEEX has carved out a unique place in the crypto exchange landscape by offering powerful features like copy trading, spot and futures trading, low fees, and a simple KYC-optional account structure.

Traders in supported regions will appreciate the user-friendly platform, deep liquidity, and growing list of token listings. The combination of mobile access, powerful referral incentives, and advanced trading tools means WEEX is perfectly designed for both beginners and pros.

WEEX Referral Code

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FAQs

Is WEEX exchange legal in the USA?

No, WEEX does not currently serve users in the United States due to regulatory restrictions.

Is WEEX regulated?

WEEX operates as an offshore crypto trading platform and does not currently hold licenses in major regulated jurisdictions like Singapore and some regions.

How to withdraw money from WEEX?

Users can withdraw crypto to an external wallet or convert assets into fiat through P2P or supported third-party services, depending on the region.

Is WEEX safe?

Yes. WEEX uses industry-standard security features, including cold storage, 2FA, and anti-phishing tools, but users should also follow best security practices.

Who is the owner of WEEX exchange?

WEEX was founded in 2018, with a global team headquartered in Dubai. While the exact ownership structure isn’t publicly disclosed, the exchange is backed by private investors and boasts strong compliance protocols.

The post WEEX Review 2025: Is This Crypto Exchange Worth It? appeared first on NFT Evening.

Cryptocurrency trading is exciting and profitable, but safety is a big concern for everyone. People want to know if their money and personal details stay secure on platforms like Binance. With so many crypto exchanges out there, picking a trustworthy one feels tricky. Hackers, scams, and legal issues make users nervous about losing everything. 

This guide will cover what Binance is and explain its various security measures, including past hacks and regulatory issues. We will also compare it with securities of other exchanges. Lastly, we will also cover whether Binance is a safe and legitimate crypto exchange for you.

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What is Binance Exchange?

Binance is a leading cryptocurrency exchange that started in 2017. Changpeng Zhao founded it in China, but the company later moved to Malta due to regulations. It serves over 250 million users worldwide and handles large trading volumes daily. Binance offers trading for over 350 cryptocurrencies, including Bitcoin, Ethereum, and its own coin, Binance Coin (BNB).

The platform provides many services, such as spot trading, 125x leverage futures trading, and margin trading. Users can also trade digital currencies, earn interest through staking, and explore NFTs. Binance also runs Binance Smart Chain, a blockchain for decentralized apps. It charges low fees, starting at 0.10% for regular users, and offers discounts with BNB.

Read our in-depth Binance review here.

Is Binance Safe and Legit?

Binance is a safe and legitimate crypto exchange due to advanced security measures such as RSA key for API trading, IP access restrictions, wallet address whitelisting, anti-phishing code, two-factor authentication (2FA), cold wallets storage, real-time monitoring with access control and data encryption, and the Secure Asset Fund for Users (SAFU). 

However, it has faced significant legal issues, including a $4.3 billion settlement with the U.S. in 2023 for violating anti-money laundering laws and ongoing lawsuits from the SEC and CFTC for unregistered operations. Additionally, Binance experienced major hacks, like the $570 million BNB Chain exploit in 2022 and the $40 million Bitcoin theft in 2019, though it covered losses with its SAFU fund.

Binance Security Measures: How Does Binance Secure Your Assets?

1. RSA Key for API Trading

API stands for Application Programming Interface, which lets users connect their Binance account to external trading software for faster or automated trades. RSA is a type of encryption that uses two keys: a public key and a private key. The public key locks the data, and only the private key, which is kept secret, can unlock it.

On Binance, when you create an API key for trading, it’s protected with RSA encryption. This means that any commands, whether buying or selling crypto, will be sent through the API and scrambled into a code that only Binance can read with the matching private key. This stops hackers from intercepting or changing your instructions.

2. IP Access Restrictions

An IP address is like a unique online ID for your device, showing its location on the internet. With this feature, you can set a list of trusted IP addresses—say, your home or office Wi-Fi—that are allowed to log into your Binance account or use its API.

This works by blocking any login or API request that comes from an unrecognized IP address. For example, if someone tries to access your account from a different country using a stolen password, Binance will stop them because their IP isn’t on your approved list. It’s a simple but strong shield against hackers, especially if they’re far away or using a strange network.

3. Wallet Address Whitelisting

When you turn on whitelisting, you create a list of trusted wallet addresses, like your personal hardware wallet or another exchange account, that are the only places you can withdraw funds to.

Here’s how it helps: if a hacker gets into your account and tries to send your crypto to their own wallet, Binance will block the transaction unless that wallet is on your whitelist. Each time you add a new address to the list, Binance asks for confirmation, often through email or two-factor authentication, to make sure it’s really you. This stops thieves from draining your funds, even if they bypass other security.

4. Anti-Phishing Code

The anti-phishing code is a simple but clever tool Binance uses to protect you from fake emails pretending to be from them. With this feature, you set a unique code in your Binance account security settings. After that, every genuine email from Binance will include this code.

5. Two-factor authentication (2FA)

Normally, you just need a password to access an account, but with 2FA, you also need a second “factor”—something only you have. Binance offers options like Google Authenticator (an app that gives you a new code every 30 seconds) or SMS (a code sent to your phone). Binance requires 2FA for big actions like withdrawals or password resets, adding protection where it matters most.

6. Cold Wallet Storage

A cold wallet is a device that stores your crypto and isn’t connected to the internet. Binance keeps the vast majority of funds in these cold wallets, away from online hot wallets that handle daily trades.

If Binance’s online systems get attacked, only a small amount of crypto in hot wallets is at risk, while the bulk stays untouchable in cold storage. Moving funds to cold wallets involves strict security steps, like multiple approvals, so it’s not easy for anyone to access them.

7. Real-Time Monitoring, Access Control, and Data Encryption

Binance uses real-time monitoring, access control, and data encryption together to keep its platform secure. Real-time monitoring means Binance’s systems watch every action, like logins, trades, or withdrawals, 24/7 using advanced tech like AI. If something looks odd, like a withdrawal from a new device, it can freeze the action and alert you, stopping hackers fast.

Access control limits who can do what. For example, you can restrict your account to certain devices or IPs, and Binance uses multi-signature wallets for big moves like transferring funds. This makes it tough for outsiders to take over. Data encryption scrambles your personal info, like passwords or KYC details, into a code that only Binance can unscramble. Even if data is stolen, it’s useless without the key. 

8. Secure Asset Fund for Users (SAFU)

The Secure Asset Fund for Users, or SAFU, is an emergency fund Binance set up in 2018 to protect users if something goes wrong, like a hack. Binance puts 10% of all trading fees into this fund, which has grown to $1 billion. It’s kept separate and ready to cover losses if the exchange’s security is breached.

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Legal and Regulatory Issues of Binance  

Binance has faced some legal and regulatory challenges across multiple countries due to its operations and compliance practices. In November 2023, Binance and its founder, Changpeng Zhao, pleaded guilty to violations of U.S. laws. This means they were accused of violating the Bank Secrecy Act for failing to maintain an effective anti-money laundering (AML) program. 

The U.S. Department of Justice, along with the CFTC and the FinCEN, imposed a $4.3 billion settlement. Zhao stepped down as CEO and paid a $50 million personal fine as well

The U.S. Securities and Exchange Commission (SEC) also filed a lawsuit in 2023. The SEC alleged that Binance misled investors about risk controls and engaged in manipulative trading practices. Similarly, the CFTC sued Binance in March 2023, accusing it of evading U.S. derivatives laws and serving American customers without proper registration. These actions forced Binance to exit the U.S. market entirely. Of course, Binance.US, a separate entity, continues to operate under stricter compliance.

Outside the U.S., Binance has encountered scrutiny as well. The U.K.’s FCA and Japan’s Financial Services Agency warned Binance in 2018 and 2021 for operating without a license. China banned Binance in 2017 amid a broader crypto crackdown.

Binance Hack

Binance has experienced notable security breaches. An earlier breach took place on May 7, 2019, when hackers stole 7,000 Bitcoin, worth $40 million, from Binance’s hot wallet. The stolen funds represented a small fraction of Binance’s holdings, and the SAFU fund fully reimbursed affected users.

In 2022, hackers also targeted the BNB smart chain. By forging transactions through a flaw in the bridge’s smart contract, the attackers minted and withdrew 2 million BNB tokens, valued at approximately $570 million at the time.

What are the Risks of Using Binance?

1. Regulatory Issues: Binance has encountered some legal problems in nations such as the USA, the UK, and Japan. Its international platform is also inaccessible in the U.S., and the Binance.US website only provides limited features.
2. Hacking Threats: Binance has previously been hacked, for instance, in 2019 when hackers made away with $40 million worth of Bitcoin and in 2022 when $570 million was stolen from the BNB Chain.
3. Centralized Control: Binance is a centralized exchange. They hold your cryptocurrency, so if they close up or go insolvent like FTX, you lose control of your funds.
4. Slow Customer Support: Numerous users comment that Binance customer support is slow when issues arise, like when you can’t log in or have frozen funds. You could wait a very long time to get a response, and if the issue is an emergency, this can be a huge issue.
5. Market Manipulation Risks: Many blame Binance for facilitating market manipulation, such as artificial trading volumes or insider trading. The SEC in the US has sued them, alleging they don’t treat users equally.

Tips to Stay Safe on Binance

• Enable 2FA: Use Google Authenticator or SMS for an extra login and withdrawal security layer.  
• Use a Strong, Unique Password: Make a long password with letters, numbers, and symbols that are not used elsewhere.  
• Set Up Wallet Address Whitelisting: Allow withdrawals only to trusted addresses you approve.  
• Add an Anti-Phishing Code: Create a personal code to verify real Binance emails and avoid scams.  
• Limit IP Access: Restrict account access to specific, trusted IP addresses.  
• Store Funds in Cold Wallets: Move large amounts to offline wallets you control, not Binance’s hot wallet.  
• Check Emails Carefully: Only click links from official Binance emails with your anti-phishing code.  
• Update Software Regularly: Keep your devices and apps updated to avoid security flaws.  
• Monitor Account Activity: Check login and transaction history often for anything unusual.

Binance vs Coinbase Security Measures

Here is a quick comparison between Binance and Coinbase‘s security features:

Binance vs. Binance US

Binance.US mirrors the same security measures, including 2FA, cold storage, and data encryption, but lacks an explicitly stated SAFU equivalent, though it benefits from Binance’s security infrastructure. Binance has faced hacks (e.g., $570 million in 2022), recovering via SAFU, while Binance.US has no reported breaches, possibly due to its smaller scale.

For more detailed comparison, check out our Binance vs Binance.US review.

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Conclusion

In conclusion, Binance offers a robust safety net for its users through advanced security measures like 2FA, cold wallet storage, RSA encryption, and the $1 billion SAFU fund, making it a reliable choice for crypto trading. 

However, its safety isn’t flawless; past hacks, such as the $570 million BNB Chain breach in 2022, and legal troubles, including a $4.3 billion US settlement in 2023, highlight risks. While Binance reimburses losses and continuously improves security, users must adopt personal safeguards like strong passwords and whitelisting to maximize protection.

FAQs

Can US citizens use Binance?

US citizens cannot use the global Binance platform (Binance.com) due to strict regulatory restrictions imposed in 2019. Binance created Binance.US, a separate entity compliant with US laws, for American users. The global site blocks US IP addresses, and attempting to access it via VPN violates its terms of service, risking account suspension. 

Binance.US offers fewer features and coins (about 150 vs. over 350 on Binance.com) but meets US regulations, making it the only legal option for US citizens.

Is Binance safe to use in the USA?

Binance.US uses strong security like 2FA, cold storage for most funds, and encryption, making it generally safe. However, it faced a $4.3 billion parent company settlement in 2023 for past compliance failures, raising trust issues. No major hacks have hit Binance.US so far.

Does Binance.US have FDIC insurance?

Binance.US does not offer FDIC insurance for cryptocurrency holdings, as FDIC only covers USD in bank accounts, not crypto. Crypto on Binance.US relies on platform security like cold storage, not federal insurance.

Is Binance Wallet safe?

Binance Wallet, part of the Binance ecosystem, uses encryption, 2FA, and private key control, making it reasonably safe for storing crypto. It’s a hot wallet, meaning it’s online and more vulnerable to hacks than cold wallets. No specific breaches have targeted it, but users must secure their keys and devices.

Is the Binance App safe?

The Binance App is safe if downloaded from official sources (Google Play, App Store) and paired with 2FA and strong passwords. It uses encryption and real-time monitoring to protect transactions. However, risks like phishing or device malware persist if users aren’t cautious. 

Is Binance.US safer than Coinbase?

Binance.US and Coinbase both use 2FA, cold storage, and encryption, but Coinbase has a slight edge with no hack history and additional insurance for hot wallet losses. Binance.US hasn’t been hacked but lacks a SAFU-like fund explicitly for US users and has faced regulatory scrutiny. Coinbase’s FDIC-insured USD and vault feature make it marginally safer for cautious US users.

The post Is Binance Safe? Binance Exchange Security Measures Tested appeared first on NFT Evening.

In this guide, we’re going to walk you through everything you need to know about the top exchange options in the crypto space. You’ll be able to compare their features, fees, and more. From the beginner to the advanced trader, we’ve got the insights to help you make the right choice for your gains. Let’s dig in.

List of Best Crypto Exchanges in Singapore

• Binance: Best for Global Trading Volume

• Coinhako: Top for Easy SGD Transactions

• Gemini: Best for Security and Compliance

• Coinbase: Top Choice for Beginners

• Crypto.com: Best for Rewards and Ecosystem

• Independent Reserve: Top for Local Support

Top Singapore Crypto Exchanges – Detailed Review

1. Binance

Launched in 2017, Binance has grown into a colossal force in the crypto world. Its sprawling selection of digital assets and high liquidity draw in everyone from casual dabblers to seasoned investors.

Binance is among the largest cryptocurrency exchanges worldwide, offering a reliable platform with extensive trading pairs and high trading volume. Singaporean users can buy crypto using SGD through a variety of convenient payment methods, including bank transfers.

While regulatory challenges occasionally surface, it remains a global favorite for competitive fees and advanced trading capabilities. Many trust Binance for its proactive approach to security, robust mobile app, and frequent feature updates that cater to both beginners and experts.

Maker/Taker Fees

Binance operates on a tiered fee structure based on trading volume and BNB holdings, with maker/taker trading fees now starting around 0.1%. These can be reduced further through various incentives, making it one of the best crypto exchanges for those wanting lower trading fees and quick order executions. Overall, Binance remains a top choice for anyone wanting a reliable platform to trade cryptocurrencies at scale.

Pros

• Massive Global Liquidity: High trading volume and numerous active users
• Wide Crypto Selection : Offers hundreds of digital assets and trading pairs
• Advanced Tools: Margin, futures, and in-depth charting for experienced traders
• Robust Security Measures: Two-factor authentication and strong encryption
• User-Friendly & Pro Interfaces: Ideal for both newcomers and seasoned pros

Cons

• Regulatory Challenge: Some regions have limited access or features
• Steep Learning Curve: Extensive features can be overwhelming for first-timers

User Score

10

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2. Coinhako

Coinhako was founded in 2014 with a distinct mission: to make buying crypto simple for Singapore-based users. Local traders appreciate its easy-to-use interface and direct SGD support, which streamlines everything from deposits to withdrawals.

Although it doesn’t pack as many advanced features as international giants, its straightforward approach and focus on user experience keep it in high regard. Over time, Coinhako has added more coins, enhanced security layers, and introduced new in-app features, ensuring it remains a trusted option for those seeking simplicity without compromising on reliability.

Coinhako may not be a household name in the US, but in Singapore, it provides one of the most seamless trading experiences packaged in a straightforward interface. This makes it wildly popular with Singaporean traders. It supports SGD deposits through local bank transfers and even card payments. With a focus on user-friendly design and a competitive fee structure, Coinhako offers a strong starting point for beginners exploring digital assets.

Maker/Taker Fees

Coinhako typically charges a straightforward fee for instant buy or sell orders, which can be around 1%. Those who prefer a deeper order book can explore its trading platform to take advantage of slightly better rates. Overall, Coinhako’s emphasis on regulatory compliance and user-friendly design makes it a top choice for beginners who want to start trading without the complexity found on other cryptocurrency exchanges here in Singapore.

Pros

• Singapore-Focused Platform: Convenient SGD support and local bank transfer options
• Beginner-Friendly Interface: A straightforward dashboard simplifies the buying process
• Transparent Fees: A clear breakdown helps you see the exact costs
• Quick Card Purchases: Handy for those who want instant crypto acquisitions
• Dependable Local Reputation: A well-known exchange built for Singaporean users

Cons

• Limited Advanced Features: Fewer charting or pro-level trading tools
• Potential Higher Card Fees: Credit or debit transactions can be more expensive
• Restricted Altcoin Range : Less extensive selection compared to global competitors
• Slower Support at Peak Times: Response times may vary during high-traffic periods

3. Gemini

For anyone concerned about legalities and staying on the right side of Singaporean crypto regulations, Gemini made its name for always operating under strict regulatory compliance. Over the years, this has made it one of the most secure platforms for storing and trading cryptocurrency assets. It offers insurance coverage for digital assets, a user-friendly trading platform, and a robust two-factor authentication system.

Built on the principles of trust and security, Gemini was introduced by Tyler and Cameron Winklevoss in 2015. Its priority on robust regulatory compliance and insurance coverage helps ease concerns about storing and trading digital assets. Whether you’re new to crypto or a more serious trader, Gemini’s layered offerings—from a basic dashboard to an advanced ActiveTrader platform—provide a dependable space to grow your portfolio.

Singaporean users can deposit funds and trade cryptocurrencies in SGD, ensuring a smooth experience. Its security measures also appeal to experienced traders seeking peace of mind.

Maker/Taker Fees

Maker and taker fees on Gemini vary between 0.20% and 0.40%, depending on account type. These fees can be reduced with higher trading volume on the ActiveTrader tier. Overall, Gemini stands out among the best crypto exchanges for individuals prioritizing safety, robust security measures, and regulatory safeguards for crypto holdings.

Pros

• Premier Security: Cold storage solutions and insurance for select assets
• Regulatory Composure: Adheres to strict compliance for a trustworthy environment
• Straightforward Interface: Easy for beginners, plus an advanced option for pros
• Local Currency Support: Allows direct SGD deposits for smooth transactions

Cons

• Smaller Crypto Selection: Focuses on major coins and a curated list of altcoins
• Higher Fees on Basic Platform: Reduced only when using the ActiveTrader interface

4. Coinbase

Coinbase stands as one of the earliest and most recognized names in crypto trading, having been on the scene since 2012. Loved by beginners for its clean design and intuitive workflow, the platform also provides an advanced version for those seeking additional depth. Although fees can add up, many users trust Coinbase for its solid track record and global reputation.

Coinbase is well-known for its beginner-friendly interface and straightforward onboarding process. Users can buy crypto via debit card or bank transfer, including local SGD options for Singaporean traders. The platform prioritizes trust and security, making it a popular choice for those starting out in the crypto space and preferring ease of use.

Maker/Taker Fees

Coinbase Advanced features a tiered fee system ranging from around zero to 0.50%, depending on trading volume. Regular Coinbase transactions often include additional deposit fees, so many active trader users switch to Coinbase Advanced Trade for a more competitive fee structure. For anyone just entering the crypto space, however, Coinbase’s straightforward design and brand reputation make it a top contender among the best crypto exchanges here in Singapore.

Pros

• User-Centric Design: Perfect for newcomers wanting a clean, intuitive experience
• Robust Brand Reputation: Well-known for strong security and regulatory compliance
• Multiple Payment Methods: Supports local bank transfers, as well as credit & debit cards in SGD

Cons

• Limited Advanced Features: Seasoned investors may seek deeper tools
• Slow Customer Support During Surges: High traffic can lead to longer wait times
• Fee Complexity: Understanding different tiers and transaction costs can be tricky

User Score

9.8

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5. Crypto.com

Crypto.com is more than just an exchange; it is an expanding ecosystem designed to serve virtually every crypto need under one roof. Founded in 2016, the platform offers tools like staking, a prepaid Visa card, and multi-currency support, making it appealing to anyone seeking more than a basic buy-and-sell experience.

Crypto.com stands out with its extensive ecosystem of crypto services, including a Visa card that offers cashback rewards. Singaporean traders can deposit funds in SGD and enjoy margin trading on popular crypto exchanges. With low trading fees, comprehensive features, and a sleek user interface, Crypto.com supports both beginners and advanced traders.

The wide variety of services (from rewards programs to derivatives trading) consistently aims to accommodate different investor profiles. Though its range of features might appear overwhelming, the potential rewards and regular updates keep users coming back.

Maker/Taker Fees

Crypto.com’s standard maker fees start around 0.075%, with additional discounts for higher staking volumes or trading activity. Taker fees are slightly higher but still competitive compared to many other exchanges.

Pros

• Comprehensive Ecosystem: Includes staking, lending, and an integrated Visa card
• Attractive Rewards Program: CRO staking yields perks like higher cashback
• Extensive Asset Range: Trades in over 250 cryptos for a portfolio variety
• Intuitive Mobile App: Manage trades, rewards, and portfolios on the go
• Competitive Fee Structure: Discounts available for stakers or high-volume traders

Cons

• Platform Complexity: A wide array of features may confuse absolute beginners
• Staking Requirements: Some perks need CRO locked for a set duration
• Occasional App Glitches: Rare but can disrupt transactions

User Score

9.5

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6. Independent Reserve

Originally formed in Australia in 2013, Independent Reserve now offers a reliable, regulation-friendly experience for Singapore’s crypto enthusiasts. With a clear fee structure and a focus on major cryptocurrencies, it caters to those who prioritize transparency and compliance. Its relatively smaller coin selection keeps it straightforward, allowing traders to stay focused on well-established digital assets.

Independent Reserve is hugely popular among Singaporean traders for its highly localized presence and focus on robust investor protection. It supports all fiat currencies and deposits in SGD, making transactions straightforward for users. With a transparent fee structure, robust security measures like cold storage, and responsive customer support, it offers a reliable platform to start trading.

Maker/Taker Fees

Independent Reserve adopts a tiered system that decreases fees as trading volume increases, starting at 0.50% for new users. This can be reduced considerably for high-volume traders or those placing limit orders.

Pros

• Local Banking Support: Effortless SGD deposits and withdrawals
• Regulated Environment: Follows Singaporean guidelines closely
• Transparent Fee Tiers: Lower rates for higher trading volumes
• Focus on Major Cryptos: Simplifies choice for long-term or blue-chip investors
• User Asset Protection: Cold storage for the bulk of digital holdings

Cons

• Fewer Listed Altcoins: Tends to focus on mainstream projects
• Less Known Internationally: Smaller global presence compared to industry giants

Best Crypto Exchanges in Singapore – Comparison Table

Factors to Consider When Choosing a Singapore Crypto Exchange

Trading Fees

Trading fees can significantly affect your overall profitability when you trade cryptocurrencies. Many popular crypto exchanges use a maker-and-taker fee model, where makers (those who add liquidity) and takers (those who remove liquidity) pay different rates.

Some platforms also charge deposit fees for bank transfers or higher fees for credit card payments. Beyond these, look out for withdrawal costs, potential hidden charges, and whether the exchange offers discounts for holding native tokens or achieving specific trading volume tiers.

Payment Methods

A suitable payment method can simplify your first crypto purchase. Some exchanges in Singapore allow direct SGD deposits through local bank transfers, which often come with lower fees and quicker processing. 

Others let you buy crypto using debit or credit cards, although this can involve additional costs. Having diverse payment options makes it easier for both beginner and experienced traders to deposit funds conveniently.

Security

Security should be a top priority when handling digital assets. Look for platforms that incorporate two-factor authentication, secure private key storage, and robust encryption protocols.

Many of the best crypto exchanges store the majority of user holdings in cold storage, protecting them from online threats. Before you start trading, review the platform’s history regarding any hacks or breaches to ensure you pick a reliable and secure platform first.

Supported Cryptocurrencies

Each trading platform offers a different range of crypto assets. Some focus on a handful of major coins like Bitcoin and Ethereum, while others list hundreds of trading pairs.

If you plan to diversify into altcoins, choose an exchange that supports a wide selection of digital assets. This allows you to explore new opportunities in the crypto market and try various other trading pairs and strategies.

Always confirm the tokens offered to match your investment goals before committing to a particular exchange.

Regulatory Compliance

Singaporean traders benefit from oversight by the Monetary Authority of Singapore, the monetary authority which enforces compliance standards. Regulatory frameworks also affect how cryptocurrency transactions are taxed, so you should confirm whether capital gains tax or other obligations might apply to your own crypto trading activities under the Inland Revenue Authority.

User Interface and Experience

A beginner-friendly interface with straightforward navigation is helpful when you are learning how to buy or sell crypto assets. Advanced traders can seek powerful charting tools, multiple order types, and real-time data to support margin trading or complex trading strategies elsewhere. Make sure the exchange offers a layout that aligns with your trading style, whether you prefer simplicity or require in-depth analytical features.

Customer Support

Look for platforms with quick response times, robust FAQs, and community support forums. Effective customer service is especially important when you need urgent help regarding deposit funds, trade execution errors, or how to withdraw funds.

A platform that values its users will typically offer clear support options that help keep your crypto trading as hassle-free as possible.

How to Buy Crypto in Singapore?

Buying digital assets in Singapore is straightforward once you choose an exchange that supports SGD deposits. Here is a step-by-step rundown.

1. Select an Exchange: Pick a reputable exchange that suits your needs. Look for regulatory compliance, user-friendly navigation, and secure measures like 2FA.
2. Create an Account: Sign up with your email address, create a strong password, and verify your identity through KYC procedures. These checks ensure platforms comply with Singaporean regulations.
3. Fund Your Account: Deposit funds in SGD using local bank transfers or a debit card. Bank transfers are often cheaper, while cards may process faster.
4. Choose a Cryptocurrency: After your account is funded, decide which coin to buy. Many exchanges offer a wide selection, from Bitcoin to altcoins.
5. Place Your Order: Select a trading pair, such as BTC/SGD, and enter the amount you wish to purchase. Review the fees, then confirm your transaction.
6. Secure Your Holdings: Finally, move your crypto assets to a personal wallet with private keys if you plan to hold them for the long term. This helps protect your investments from potential exchange-related risks.

Singaporean Crypto Regulations

How is Crypto Regulated in Singapore?

Singapore takes a proactive yet careful approach to the crypto market. The Monetary Authority of Singapore (MAS) plays a crucial role in overseeing cryptocurrency activities under the Payment Services Act. As part of the regulatory compliance process, cryptocurrency exchanges here may require KYC checks to verify user identities.

Aside from these measures, the MAS encourages responsible innovation in the crypto space. The goal is to establish a framework that protects Singaporean traders while allowing blockchain-based services to grow. Because of this, the city-state has attracted reputable global crypto exchanges and continues to be a hub for digital assets in Southeast Asia.

For more detailed information, check out our guide on crypto regulation including Singapore laws on cryptocurrency.

How is Crypto Taxed in Singapore?

Singapore generally does not impose capital gains tax on individuals. Thus, profits made from the sale of crypto assets might be free of direct taxation if they are deemed capital gains. However, if the Inland Revenue Authority of Singapore classifies your crypto activities as trading or part of a business, income tax could apply.

Not only that but businesses or entities dealing heavily in crypto transactions may fall under specific tax requirements. Singaporean traders should consult tax professionals or refer to the latest guidelines from the Inland Revenue Authority to ensure full compliance and avoid penalties.

Conclusion

Choosing the best crypto exchange Singapore has to offer ultimately depends on your trading strategies, security preferences, and how you plan to deposit or withdraw funds. Whether you value low trading fees, an intuitive user interface, or robust investor protection, there is a reliable platform to suit your needs. Always conduct your own research and pay attention to important factors like liquidity, regulatory compliance, and customer support.

FAQs

Is cryptocurrency legal in Singapore?

Yes, cryptocurrency is legal in Singapore. The Monetary Authority of Singapore oversees the industry through regulations meant to deter financial crimes and safeguard consumer interests. Exchanges that operate in the city-state must meet certain compliance standards, including KYC procedures and anti-money laundering measures.

Which is the best exchange in Singapore to buy Bitcoins?

There is no single best exchange for everyone, as different factors come into play. Some users prioritize lower fees and margin trading, making Binance a popular choice. Others may prefer a more straightforward sign-up process and local bank transfers, which might point them toward Coinhako or Independent Reserve. Ultimately, your ideal platform depends on fees, payment methods, supported cryptocurrencies, and how advanced you want your trading interface to be.

Which crypto exchange support SGD?

Most top crypto exchanges in Singapore enable deposits in SGD through local payment methods. Coinhako and Independent Reserve specialize in easy SGD integration, while Binance, Gemini, and Crypto.com also offer options to deposit Singapore dollars. Always confirm the specific payment method, such as bank transfers or debit cards, and review any associated deposit fees before you select an exchange.

What is the best crypto wallet in Singapore?

The best crypto wallet depends on your security needs and usage preferences. For short-term trading, some prefer storing crypto assets only on reputable crypto exchanges, like Gemini or Coinbase, which feature robust security measures. Long-term holders often opt for hardware wallets such as Ledger or Trezor to store private keys offline in cold storage. A secure platform with two-factor authentication is crucial for online wallets, while hardware solutions offer an extra layer of protection.

What is the difference between Binance and Binance Singapore?

Binance Singapore was a more localized version that supported SGD deposits and catered specifically to Singaporean traders. However, operations under Binance Singapore have been winding down in recent years due to regulatory shifts, so many Singapore-based users now rely on the main Binance.com platform or other exchanges to trade cryptocurrencies.

Are Initial Coin Offerings (ICOs) allowed in Singapore?

Singapore does not ban ICOs outright, but they fall under the purview of the MAS if they are considered securities or capital market products. Any token sale that resembles a securities offering must follow existing regulations to protect investors. While some ICOs still launch from Singapore, the guidelines require them to adhere to investor protection principles similar to those governing other financial products.

Can you use Singaporean debit or credit cards to buy Crypto?

Several exchanges let you buy crypto with Singaporean debit or credit cards, including Coinbase, Crypto.com, and Coinhako. Card purchases generally process faster than bank transfers but may involve higher fees or limits. If you choose to deposit funds this way, check your card issuer’s policies and any charges levied by the exchange. For many Singaporean traders, local bank transfers remain the more affordable option, but credit and debit cards offer greater speed and convenience when you want to start trading quickly.

The post 6 Best Crypto Exchanges in Singapore For 2025 appeared first on NFT Evening.

This Phemex review will cover its trading features, fees, security, and more, helping you decide if it’s the right crypto exchange for your needs.

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Phemex Exchange Review: Summary

What Is Phemex?

Phemex is a cryptocurrency exchange based in Singapore that launched in 2019. The platform allows you to buy, sell, and trade digital currencies like Bitcoin, Ethereum, and more than 470 others. It serves more than 5 million users across 150 countries.

The exchange is known for its fast and reliable trading system. Phemex processes up to 300,000 transactions per second with minimal delays. The platform supports spot trading and futures trading with up to 100x leverage. Phemex charges low fees: 0.1% for spot trading and 0.01% to 0.06% for futures, which is quite competitive compared to other exchanges.

Phemex is a user-friendly platform with a mobile app for trading and a demo account for practicing without real money. It also offers tools like copy trading and staking options to earn a passive income. The exchange supports deposits in 30+ fiat currencies, including USD and EUR, but it’s unavailable in some regions like the US and UK due to regulations. If you are a new user, you can use our Phemex referral code FR72P8 to get a $4,800 sign-up bonus.

Pros

• Handles up to 300,000 transactions per second for fast trading
• Charges low fees, starting at just 0.1% for spot trading
• Supports over 470 cryptocurrencies and offers diverse trading opportunities
• Prioritizes security with cold storage wallets and two-factor authentication
• Provides a user-friendly mobile app for convenient on-the-go trading
• Offers a demo account to practice trading without financial risk

Cons

• Unavailable in the US and UK due to strict regulatory restrictions
• Customer support may respond slowly during high-traffic periods
• Lacks licensing in some regions, creating potential regulatory risks

Phemex Exchange Key Features

Phemex Spot Trading

Spot trading on Phemex allows users to buy and sell cryptocurrencies instantly at current market prices. Traders own the actual digital assets, like Bitcoin or Ethereum, unlike futures trading, where contracts are exchanged. 

The platform supports over 470 cryptocurrencies and offers trading pairs such as BTC/USDT, ETH/USDT, and smaller altcoins. You can trade with as little as $1, making it accessible for beginners and experienced traders alike. The interface is straightforward, with real-time price charts and order types like market, limit, and conditional orders for precise trading strategies.

Phemex Derivatives Trading

Phemex offers the best platform for derivatives trading. You can trade both USD-margined and coin-margined contracts. These contracts are also called futures contracts. You do not need to own the asset to trade it. Phemex supports popular perpetual contracts like BTC/USDT, ETH/USDT, and many others, and you can trade with up to 100x leverage.

There are two types of contracts on Phemex:

• USD-Margined Contracts (Linear Contracts): These are settled in USDT. You need to deposit USDT in your contract trading account. These are easier to use and understand.
• Coin-Margined Contracts (Inverse Contracts): These are settled in the base coin like BTC or ETH. You need to deposit the same coin to trade. These are better if you want to grow your crypto holdings.

You can use different order types like limit, market, conditional, and stop orders. This helps you manage risk. Phemex also offers tools like take-profit, stop-loss, and trailing stop features. These tools help you control your losses. The platform uses Isolated and Cross Margin modes. Isolated margin limits risk to one trade, and cross margin uses all your funds to prevent liquidation. As discussed above, Phemex also gives a demo account for practicing futures trading with leverage. You can test your strategies without using real money.

Phemex Copy Trading

Phemex offers a feature called Copy Trading in the futures contracts market. This allows you to automatically copy the trades of experienced traders, known as Top Traders. It is useful if you are new to trading or want to follow the strategies of skilled traders.

Phemex supports copy trading for over 70 USDT-margined perpetual contracts, including major coins like Bitcoin, Ethereum, and altcoins like DOGE and SOL. No extra transaction fees apply beyond standard trading fees. Top Traders earn a profit share, typically up to 20%, calculated periodically based on copiers’ net profits.

The platform displays each trader’s credentials, including their profit and loss (PNL), return on investment (ROI), and winning rate over periods like 30 or 90 days. You can choose to follow a trader for notifications on their moves or copy their trades directly. Copying requires setting parameters like trading pairs (e.g., BTC/USDT), maximum investment, and leverage, with a minimum copy amount of 50 USDT. Funds must be deposited into a dedicated copy trading account.

Sub-Accounts and API

Phemex sub-accounts enable you to have individual accounts under your primary account for structured trading. You can handle various strategies, portfolios, or risk levels without combining funds. Every sub-account has its own wallet and trading authority, but the primary account governs funding.

Phemex offers API access for automated trading and account management. You can generate API keys to programatically interact with your account. For instance, you can use popular crypto trading bots such as 3Commas and Cryptohopper to trade on Phemex via API.

The API uses REST and WebSocket protocols for real-time market data, order sending, and account management. Spot and contract trading APIs can support up to 5,000 requests per minute, with greater limits for VIP or institutional users, and no additional fees are charged for API usage, only regular trading fees.

Phemex Launchpad

The Phemex Launchpad offers you a chance to buy new cryptocurrencies at a set price before they hit the spot market. You can invest in promising projects early, potentially benefiting from future price increases. The process involves holding PT (Phemex native token) in your spot wallet.

The Launchpad operates in different stages. First, the Calculation Period tracks your daily average PT balance in your spot wallet and investment account over a set time. The Allocation Period follows, where Phemex calculates token distribution based on your committed PT, capped by each project’s maximum allocation.

Phemex Earn

Phemex Earn provides a way for you to generate passive income by depositing cryptocurrencies into savings accounts. You can deposit assets like USDT, BTC, ETH, and SOL into two types of savings accounts: Flexible Savings and Fixed Savings.

• Flexible Savings lets you withdraw your funds anytime, offering daily profit distribution and immediate access to your assets. It has a lower APY compared to fixed-term staking.
• Fixed Savings requires you to lock your funds for a set period, either 7 or 14 days, with profits distributed at the end of the term.

For Flexible Savings, you earn daily interest credited to your account, which you can reinvest or withdraw. For Fixed Savings, you receive the principal and interest upon maturity, with no early withdrawal option.

Phemex Earn works like a lending and borrowing market. When you supply your crypto, Phemex adds it to a shared pool. Other users can borrow from this pool. In return, they pay interest. That interest is shared among all lenders based on their share in the pool.

Trading Bots

Phemex Trading Bots are automated tools that help you trade without manual effort. These bots follow preset strategies to buy and sell crypto based on market conditions. Phemex offers three types of bot trading: spot and futures grid trading, futures martingale, and signal trading.

• Spot and Futures Grid Trading: Phemex’s Grid Trading Bots automate buying and selling at preset price intervals within a defined range. This strategy is effective in sideways markets. For futures, it supports USDT-margined perpetual contracts with up to 20x leverage, requiring at least 50 USDT, and you can choose long, short, or neutral strategies.
• Martingale Strategy: The Martingale bot on Phemex is designed to manage risk by adjusting trade sizes. When a trade results in a loss, the bot increases the position size in the next trade, aiming to recover losses and gain profit when the market reverses.
• Signal Trading: Signal Trading on Phemex lets you automate trades using TradingView webhook signals for precise execution. You connect your Phemex account to TradingView, set triggers like buy or sell based on technical indicators, and the bot executes them on spot or futures markets.

Phemex Web3 Ecosystem

The Phemex Web3 Ecosystem, known as Phemexia, blends centralized and decentralized finance to create a transparent, community-driven platform. You can participate by minting a Phemex Soul Pass (PSP).

Phemexia includes PhemexPulse, a SocialFi platform, where you can share trading insights, engage with others, and earn up to 270 points daily (convertible to PT) through activities like messaging, trading, or referrals. Phemex Lending Protocol, another key feature, lets you supply liquidity or borrow assets like USDT, with vePT holders enjoying a 30% discount on borrowing rates.

Phemex P2P

Phemex’s Peer-to-Peer (P2P) trading service enables you to buy and sell cryptocurrencies directly with other users using local fiat currencies.

• Fiat Currencies Supported: Over 30 fiat currencies, including USD, EUR, BRL, and RUB, depending on Ascertain availability by country or region.
• Trading Fee: 0% for P2P transactions, though payment providers may charge external fees.
• Multiple Payment Methods: The platform supports over 15 payment methods, such as PayPal, Apple Pay, and various bank transfers.
• Transaction Time Limit: You must complete payments within the seller’s specified time, often 15–30 minutes.
• Supported Cryptocurrencies: Includes major coins like BTC, ETH, USDT, and others, with no fixed limit on pairs.

Phemex Learn & Earn

The Phemex Learn & Earn program rewards you for learning about cryptocurrencies and blockchain through engaging educational content. 

You need to watch short videos or read lessons on topics like fiat vs. cryptocurrency, trading basics, and platform features, then complete quizzes to test your understanding. Upon passing, you earn trading bonuses, typically $2 per lesson, credited as USD to your Phemex account for investing in any cryptocurrency.

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Phemex Fees

Phemex Trading Fees

For spot trading, Phemex charges both makers and takers a base fee of 0.1%. However, users can benefit from reduced fees through the VIP program, which is determined by the user’s 30-day trading volume or asset balance. You can also get a 20% discount with PT tokens.

The fee structure is as follows:

In contract trading, Phemex distinguishes between market makers and takers. Makers, who add liquidity to the order book, are charged a lower fee compared to takers, who remove liquidity. The base contract trading fee is 0.01% for the maker and 0.06% for the taker. You can also get a 10% fee discount when paying with PT.

Phemex Deposit and Withdrawal Fees

Depositing cryptocurrencies into your Phemex account is free of charge. However, when withdrawing cryptocurrencies, fees are applied based on the specific asset and the network used. For example:​

• Bitcoin (BTC): The Withdrawal fee is 0.00004 BTC with a minimum withdrawal amount of 0.0002 BTC
• Ethereum (ETH): The Withdrawal fee is 0.005 ETH with a minimum withdrawal amount of 0.002 ETH
• Tether (USDT): On the ERC-20 network, the withdrawal fee is 10 USDT with a minimum withdrawal of 20 USDT; on the TRC-20 network, the fee is 1 USDT with a minimum withdrawal of 10 USDT.

Phemex supports fiat transactions through various methods, including SWIFT, SEPA, and FPS, in currencies such as USD, EUR, GBP, CHF, AUD, and JPY. Fiat deposits are free of charge.

For fiat withdrawals, fees are calculated based on the withdrawal amount and method. For instance, withdrawing $50–$499 via SWIFT incurs a 2% fee plus a $30 flat fee. SEPA and FPS withdrawals have similar fee structures, with additional flat fees in EUR or GBP, respectively.

Phemex Supported Cryptocurrencies

Phemex supports over 470 cryptocurrencies for trading, covering major coins and altcoins. You can trade popular assets like Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Solana (SOL) alongside emerging tokens such as Dogecoin (DOGE) and Chainlink (LINK). 

The platform offers more than 500 trading pairs, including spot pairs with up to 5x leverage and 140+ USDT-margined perpetual contracts. New coins are added regularly based on market demand and project credibility.

Phemex Native Token (PT)

The Phemex Token (PT) is an ERC-20 utility token with a total supply of 1 billion. You can stake PT to earn vePT, granting voting rights in the Phemex DAO for platform governance. 

PT offers trading fee discounts, staking yields up to 1,000% APR, and access to Launchpad and Launchpool. You acquire PT through trading rewards, pre-mining as xPT with a Soul Pass, or open market purchases.

Fiat Currency Support

Phemex supports over 30 fiat currencies for buying crypto, including USD, EUR, BRL, RUB, and INR. You can deposit fiat via credit/debit cards, bank transfers, SEPA, Apple Pay, or Google Pay through third-party providers like Banxa or MoonPay.

Phemex Payment Method

Phemex supports 15+ payment methods for buying and selling cryptocurrencies. You can use over 30 fiat currencies and multiple local payment options, depending on your country. These include credit and debit cards, bank transfers, and various third-party providers. 

Phemex also offers P2P trading, which allows you to buy crypto directly from other users using popular local payment channels like PayPal, Apple Pay, Wise, and more. The platform partners with trusted fiat gateways such as Banxa, Mercuryo, and Simplex to process card payments securely. Payment processing times depend on the method you choose. Card payments are usually instant, while bank transfers may take longer.

Is Phemex Regulated?

No, Phemex is not regulated by major financial authorities such as the U.S. Securities and Exchange Commission (SEC), the UK’s Financial Conduct Authority (FCA), or the European Securities and Markets Authority (ESMA). 

In fact, the FCA has explicitly warned that Phemex is not authorized to offer financial services in the UK and advises consumers to avoid dealing with the platform. Similarly, Phemex lacks regulatory approval in the United States.

However, Phemex holds a license in Lithuania under Phemex Lithuania UAB, regulated by the Lithuanian Securities Commission for certain services. However, it is not fully licensed by major authorities like the U.S. SEC, EU’s ESMA, or Singapore’s MAS, leading to restrictions in some regions.

Phemex Restricted Countries

Phemex restricts access in several countries due to local regulations and compliance requirements. Prohibited jurisdictions include the United States, the United Kingdom, Canada, Afghanistan, China, Iran, North Korea, Palestine, Russia, Yemen, and more.

Security Measures: How Secure Is Phemex?

Phemex employs multiple security measures to protect user accounts and funds. These include Two-Factor Authentication (2FA), Passkeys, Anti-Phishing Codes, Withdrawal Address Whitelisting, Cold Wallet Storage, a Risk Control System, a Secure Trading Engine, and Proof of Reserves.

• Two-factor authentication (2FA): Phemex requires 2FA for all critical actions like login, withdrawals, and password changes. 
• Passkeys: Passkeys allow for password-free logins using biometric authentication, such as fingerprints or facial recognition. This method enhances security by eliminating the need for passwords, which, of course, can be compromised. 
• Anti-Phishing Codes: Phemex lets you set a custom anti-phishing code that appears in all legitimate emails from the platform. This helps you verify the authenticity of emails and avoid phishing scams. 
• Withdrawal Address Whitelisting: You can whitelist specific wallet addresses for withdrawals, ensuring that funds can only be sent to these approved addresses. This feature prevents unauthorized withdrawals to unknown addresses. Additionally, a time lock can be set by you for newly added addresses to delay withdrawals.​
• Cold Wallet Storage: The majority of user funds are stored in cold wallets, which are not connected to the internet. This reduces the risk of online hacks. Cold wallets are secured with multi-signature protocols.
• Risk Control System: Phemex employs a risk control system that monitors accounts for suspicious activities, such as unusual withdrawal patterns or high-risk asset transfers. If an account is flagged, actions like freezing withdrawals or requiring additional verification may be taken to protect user funds.​
• Secure Trading Engine: The platform’s trading engine is built with high-performance technology to handle large volumes of transactions efficiently. It includes real-time risk checks to ensure the integrity of trades and account balances.
• Proof of Reserves: Phemex provides Proof of Reserves to demonstrate that user funds are fully backed and available. This transparency allows users to verify that the platform holds sufficient assets to cover all customer balances. Regular audits are conducted to maintain trust and accountability.

Phemex KYC and Account Verification

Phemex requires all users to complete Know Your Customer (KYC) verification to access its services. The process involves submitting a government-issued ID and a selfie for identity confirmation. Phemex partners with Jumio, a reputable identity verification platform, to ensure the security of user information.

The withdrawal limits on Phemex are determined by the user’s KYC level. Users who complete Basic KYC verification have a daily withdrawal limit of USD 2,000. Those who complete Advanced KYC verification benefit from a significant increase in their daily withdrawal limit to USD 2 million.

Phemex User Interface & Experience

The Phemex trading interface is designed for simplicity and efficiency, catering to both beginners and advanced traders with seamless trading experience. You navigate a clean layout with dark-themed visuals, featuring white text on a black background for easy reading. 

Real-time price charts powered by TradingView offer customizable indicators like Moving Averages and RSI, supporting technical analysis. You can access spot, futures, and copy trading seamlessly, with sub-accounts for flexible strategies. The platform handles 300,000 transactions per second, ensuring no lag during volatile markets. 

However, some advanced trading tools may feel complex for novices, and the interface lacks extensive beginner guides.

Phemex Mobile App

The Phemex mobile app, available on iOS and Android, delivers a streamlined trading experience with a 4.5/5 rating on App Store and 4.6/5 on Google Play.

You can trade over 470 cryptocurrencies, monitor portfolios, and set price alerts using a user-friendly interface with TradingView charts. The app supports spot and futures trading, though it lacks some desktop features like Pivot Point indicators.

Phemex vs Other Crypto Exchanges

The best alternatives to the Phemex crypto exchange are Bybit, Coinbase, and Binance. Here is a quick comparison:

How to Trade Crypto & Bitcoin on Phemex?

1. Create a Phemex Account: To start trading on Phemex, you first need to create an account. Go to the official website and sign up using your email address. Once registered, complete the KYC verification by uploading a government-issued ID and a selfie.
2. Deposit Funds: After your account is verified, you need to deposit funds. You can do this by going to the “Wallets” section and selecting “Deposit”. You can deposit either cryptocurrency or fiat money by following the steps shown on the screen.
3. Choose Trading Market: Next, go to the “Markets” page and choose the trading pair you want to trade. You can select between spot trading, which involves buying and selling crypto directly, or contract trading, which allows you to trade with leverage.
4. Place an Order: To place a trade, select the trading pair, choose the order type (like market or limit), enter the amount, and then click to confirm your trade. Once placed, you can see your active trades and manage them from the “Orders” section. You can use stop-loss and take-profit settings to manage your risks.

How to Deposit and Withdraw on Phemex?

To deposit funds into your Phemex account, first log in and go to the “Wallets” section. Click on the “Deposit” button to start. Choose the currency you want to deposit. For crypto, copy the wallet address given by Phemex and paste it into the withdrawal field of your external wallet. For fiat currency, follow the bank transfer steps provided on the screen.

To withdraw, go back to the same section and click on “Withdraw”. Select the asset you want to withdraw. If you are withdrawing crypto, enter the recipient’s wallet address and choose the network. For fiat withdrawals, you need to fill in your bank account details.

Phemex Customer Support

Phemex provides customer support through multiple channels to assist you with trading, account issues, and technical queries. You can access 24/7 live chat on their website for real-time help, with typical response times under 5 minutes. 

Email support is available, addressing complex issues like deposits or withdrawals within 24–48 hours. The Help Center offers guides and FAQs on topics like KYC verification and futures trading, though it lacks phone support.

Conclusion: Is Phemex the Right Exchange for You?

To conclude our Phemex review, it stands as a robust cryptocurrency exchange, launched in 2019 in Singapore, serving over 5 million users globally. You can trade more than 470 cryptocurrencies with low fees and across spot, futures, and P2P markets. 

The platform excels with fast execution, processing 300,000 transactions per second, and offers features like copy trading, staking, and a Web3 ecosystem with the Phemex Token (PT). However, it’s unregulated in many regions and restricted in countries like the US, requiring you to check local laws. Overall, Phemex balances speed, variety, and innovation, but you should weigh its regulatory status before diving in.

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FAQs

Is Phemex Legal in the US?

Phemex is not legal for use in the United States. The platform restricts U.S. residents due to stringent regulations on cryptocurrency exchanges, particularly for derivatives trading. Phemex operates without a U.S. license and isn’t authorized by bodies like the SEC or CFTC.

Does Phemex Require KYC?

Phemex requires KYC for certain features but not for basic trading. You must complete KYC to deposit fiat, buy crypto via third-party services, or withdraw over $2M daily. Basic trading and crypto deposits don’t need verification, appealing to privacy-focused users.

Can You Withdraw From Phemex?

You can withdraw cryptocurrencies from Phemex, but fiat withdrawals are limited in certain regions. The platform supports withdrawals of over 470 coins, like BTC and USDT, with fees varying by network. KYC-verified users enjoy higher limits (up to $2 million daily).

Is Phemex Legit?

Phemex is a legitimate cryptocurrency exchange with a strong reputation. Founded in 2019, it serves over 5 million users globally, offering secure trading with cold wallet storage and proof of reserves. It offers a range of trading options, including spot and futures trading. However, its unregulated status in some regions requires caution.

Where Is Phemex Located?

Phemex is headquartered in Singapore. The exchange, officially operated by Phemex Technology Pte. Ltd., leverages Singapore’s fintech-friendly environment for low-latency trading.

The post Phemex Review 2025: Is it a Safe & Legit Crypto Exchange? appeared first on NFT Evening.

In this guide, we will compare Binance vs Binance US based on fees, trading features, products, and eligibility to help you select the best platform for your needs.

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What is Binance?

Binance is a global company that operates the largest cryptocurrency exchange by daily trading volume. It was founded in 2017 by Changpeng Zhao. The exchange started in China but moved to Japan due to China’s cryptocurrency restrictions. It later relocated to Malta and now has no official headquarters.

The platform supports over 350 cryptocurrencies and its own token, Binance Coin (BNB). Binance offers various services beyond trading. It provides spot trading with fees as low as 0.1%, reducible to 0.075% using BNB. The exchange also supports futures trading with up to 125x leverage, staking via Binance Earn, and a Visa card for spending crypto. Binance Pay allows instant global payments with zero fees.

Binance is known for its security measures. It uses two-factor authentication, cold storage for most assets, and the Secure Asset Fund for Users (SAFU) to protect users. Binance faces regulatory challenges. The U.S. SEC sued it in 2023 for unregistered operations, and it pleaded guilty to money laundering charges, paying $4.3 billion in penalties. Changpeng Zhao stepped down as CEO and was replaced by Richard Teng. Read our in-depth Binance review here.

What is Binance US?

Binance.US is a separate platform and the best cryptocurrency exchange for users in the United States. It was launched in September 2019 as a separate entity from Binance to comply with U.S. regulations.

The platform is operated by BAM Trading Services, based in San Francisco, California, and partnered with Binance for technology and branding. Binance.US serves customers in 34 states, excluding Washington, New York, Texas, and Vermont.

The exchange offers trading for over 160 cryptocurrencies. Binance.US charges a 0.4% maker and 0.6% taker spot trading fee for regular users. It also offers free Bitcoin trading. The platform supports staking, allowing users to earn rewards on assets like Cardano (ADA) and Solana (SOL), with annual yields up to 12%.

Binance vs Binance US: Comparison Table

Binance vs Binance US: Trading Features

Binance provides a comprehensive trading ecosystem for all levels. It supports spot trading with over 350 cryptocurrencies and 1,400+ pairs, featuring limit, market, stop-limit, and OCO (one-cancels-the-other) orders. 

You can trade perpetual futures contracts with up to 125x leverage and use margin trading with borrowed funds at 0.01% daily interest. Options trading offers European-style contracts for BTC and ETH, while advanced charting via TradingView includes moving averages and real-time data. Binance also provides P2P trading for direct user-to-user trades and an OTC desk for large orders.

Binance.US focuses on simplicity and compliance for U.S. users. It offers spot trading with basic buy/sell features. Advanced charting mirrors Binance’s TradingView integration, but futures, margin, and options trading are absent due to U.S. regulations.

Winner: Binance, for its extensive, advanced trading features like futures trading, margin trading, and options trading.

Binance vs Binance US: Fees

Trading Fees

Binance offers some of the lowest trading fees in the industry. It charges a standard 0.1% maker and taker fee for spot trading for users with a 30-day trading volume under $1M. 

You can reduce this by 25% (to 0.075%) by paying with Binance Coin (BNB). Higher-volume traders unlock VIP tiers – e.g., VIP 1 (over $1M volume) drops fees to 0.09% maker and 0.1% taker, down to 0.011% maker and 0.023% taker at VIP 9 ($4B+ volume). 

Binance futures trading fees start at 0.02% maker and 0.05% taker, also tiered by volume. This structure benefits active global traders with flexibility and discounts.

Binance.US fees are higher and less forgiving. For 30-day volumes under $10,000 (VIP 1), Tier 1 pairs charge 0.4% maker and 0.6% taker – four to six times Binance’s base rate. 

Tier 0 pairs (BTC/USD, BTC/USDT, BTC/USDC, BTC/BUSD) are free, but most trades fall under Tier 1. Above $10,000, fees drop – e.g., VIP 2 ($10,000-$50,000) is 0.25% maker and 0.4% taker, down to 0.08% maker and 0.18% taker at VIP 5 ($1M-$20M). 

A 5% BNB discount applies, which is far less generous than Binance’s 25%. No futures trading exists due to U.S. rules.

Winner: Binance’s fees are consistently lower and more scalable, while Binance.US’s high Tier 1 rates overshadow its zero-fee BTC pairs. Binance wins for cost efficiency.

Deposits and Withdrawals Fees

Binance offers free crypto deposits for all 350+ assets. Withdrawal fees vary based on network congestion. Fiat deposits (e.g., USD via bank transfer) are often free via partners, but card purchases hit 3.75%. Fiat withdrawals like USD vary by region. You benefit from low crypto fees and P2P trading with zero costs in some cases.

Binance.US also provides free crypto deposits. Withdrawal fees are sometimes high compared to global Binance users. Also, Binance.US does not charge fees for USD deposits or withdrawals using bank transfers (ACH).

Binance vs Binance US: Available Cryptocurrencies

Binance offers access to over 350 cryptocurrencies for trading. It includes popular coins like Bitcoin, Ethereum, and Binance Coin (BNB), as well as lesser-known altcoins such as Solana, Algorand, and Matic. You can trade hundreds of pairs. Binance constantly updates its listings and often adds coins through its Launchpad program.

Binance.US provides a much smaller selection, with about 160 cryptocurrencies available. It includes major coins like Bitcoin, Ethereum, and Litecoin but lacks the extensive range of altcoins found on Binance. The platform focuses on popular, established tokens to comply with strict U.S. rules. You won’t find as many niche or new cryptocurrencies here because it prioritizes regulatory safety over variety.

Winner: Binance, because it offers more than double the cryptocurrency options (350 vs. 160).

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Binance vs Binance US: Regulation & Availability

Binance is an international platform that operates globally but faces some regulatory challenges. The exchange is banned in the U.S., Iran, North Korea, and Thailand due to strict laws. You can’t use Binance in the U.S. because it doesn’t meet federal requirements. It holds 22 licenses in places like Bahrain, Dubai, India, and France, but it’s under scrutiny from regulators like the U.S. Department of Justice for past issues like money laundering allegations in 2023.

Binance.US is designed specifically for the U.S. market. The platform is available in 34 states but not in Hawaii, New York, Texas, or Vermont due to state-specific rules. You can trade legally here if you’re in an allowed state, and it’s registered with the U.S. Financial Crimes Enforcement Network (FinCEN). It avoids the global bans Binance faces by tailoring its operations to U.S. laws. About availability, Binance is available in 180+ countries, but Binance.US is specifically designed for U.S. users only.

Winner: Binance is regulated in over 22 countries, whereas Binance.US is built for and registered in the United States only.

Binance vs Binance US: Security

The major security measures of the Binance global cryptocurrency exchange platform are:

• Two-factor authentication (2FA) adds an extra step to logging in or withdrawing funds. You enter a code from your phone or a device like a YubiKey on top of your password, so even if someone gets your password, they can’t access your account without that second code.
• Withdrawal address whitelisting lets you set a list of trusted wallet addresses for withdrawals. You can only send funds to these pre-approved addresses, which stops hackers from withdrawing your money to their own wallets if they break into your account.
• Anti-phishing code is a unique set of letters and numbers you create. Binance includes this code in all real emails they send you, so you can tell if an email is fake if the code is missing or wrong. It helps you avoid scams pretending to be Binance.
• Secure Asset Fund for Users (SAFU) is an emergency fund that Binance started in July 2018. The exchange sets aside 10% of trading fees to grow this fund, valued at $1 billion.
• Cold storage means Binance keeps most user funds offline in secure devices. These devices aren’t connected to the internet, so hackers can’t reach them, and the private keys are encrypted for extra safety.

Binance Hacking Issues:

Binance has experienced a notable security breach in the past. The most significant incident occurred in 2019 when hackers stole 7,000 Bitcoin (BTC), worth about $40 million at the time, from the exchange’s hot wallet. 

Another major event tied to Binance happened in 2022 when a cross-chain bridge on the Binance Smart Chain (now BNB Chain) was hacked. Hackers exploited a flaw, minting 2 million BNB tokens valued at $570 million. Binance paused the chain and, with community help, froze $7 million of the stolen funds.

Binance.US Security:

Binance.US matches many of these features for U.S. users. It also uses 2FA and cold storage for 95% of assets and has its own insurance fund. The exchange emphasizes U.S.-based storage facilities for added trust. 

You won’t find a history of major breaches here, unlike its parent company. It ranks high on security reviews, like CER’s list, even above Coinbase. The platform focuses on keeping your assets safe in a regulated environment.

Winner: Both exchanges are highly secure, but Binance.US has never faced a security breach.

Binance vs Binance US: Trading Volume and Liquidity

Binance leads the world in trading volume, with $50 billion+ daily spot trading volume. It serves 250 million users across 180+ countries, making it the most liquid exchange globally. You can execute trades fast with minimal price slippage because of its massive user base and deep order books. The platform handles thousands of trading pairs, ensuring high liquidity even for obscure coins.

Binance.US trails far behind, with a trading volume of around $30 million per day. It caters to a smaller U.S. audience, and you might notice slower trades or wider spreads on less popular pairs due to lower liquidity. The exchange supports fewer assets, so it can’t match the depth of its global counterpart.

Winner: Binance, for its unmatched trading volume and liquidity.

Binance vs Binance US: Products & Services

Here are the top Binance Products & Services

• Spot Trading: Binance supports over 350 cryptocurrencies and 1,400+ trading pairs, including BTC, ETH, and altcoins like Solana. 
• Futures Trading: It offers perpetual and quarterly futures with up to 125x leverage on assets like BTC and ETH.
• Margin Trading: Binance lets you borrow funds with interest rates starting at 0.01% daily. You can access this for over 100 coins.
• Options Trading: It provides European-style options for BTC and ETH with flexible expiration dates.
• Crypto Staking: You can lock coins like ETH or BNB to earn 5-20% APR, depending on terms (30-120 days). It’s a passive income tool with over 300 supported assets.
• Savings Accounts: The Binance exchange platform offers flexible (withdraw anytime) or fixed (higher yield) savings for 50+ coins. You earn up to 10% APR, balancing liquidity and returns.
• P2P Marketplace: It enables direct crypto trades with users globally, supporting 50+ fiat currencies. It charges 0% fees for P2P trades.
• NFT Marketplace: Binance hosts NFT trading, minting, and auctions for digital assets. You engage with unique collectibles, a growing crypto niche.
• Crypto Loans: You can borrow against crypto collateral for 7-180 days, with rates from 2-10%. It’s a quick liquidity option without selling assets.
• Binance Visa Card: It converts crypto to fiat for spending at 60 million+ merchants worldwide. You get up to 8% cashback in BNB, blending crypto with daily use.
• Launchpad: Binance lets you invest in new token projects before public listing. You commit BNB for allocations, targeting early-stage gains.
• Smart Pool: It optimizes mining power across BTC, ETH, and other coins for higher returns. You join with minimal setup, aimed at miners.

Binance.US Products & Services

• Spot Trading: Binance.US offers 160+ cryptocurrencies and 324 trading pairs, like BTC/USD and ETH/USDT. You trade with higher fees (0.4% maker, 0.6% taker) unless on free Tier 0 pairs (BTC/USD).
• Staking: It supports staking for coins like ETH and ADA, yielding 2-10% APR with fewer options. 
• Crypto Swaps: Binance.US provides instant conversions between supported coins, like BTC to ETH. You can easily swap without order books.
• OTC Trading: It offers over-the-counter trades for large volumes (e.g., $10,000+). You get custom pricing, suited for institutional or high-net-worth users.

Winner: Binance has a comprehensive suite – spot, futures, margin, options, staking, savings, P2P, NFTs, loans, a card, Launchpad, and mining. Binance.US limits itself to spot trading, staking, swaps, and OTC.

Binance vs Binance US: Customer Support

Binance offers robust customer support for its global users. It provides 24/7 live chat, email support, and a detailed help center with guides. You can reach out in multiple languages, reflecting its 250 million users across 180+ countries. Response times are generally quick, often within hours, though peak times can slow things down. The platform has improved since early complaints, earning praise for responsiveness by 2025.

Binance.US provides similar options but with mixed results. It offers 24/7 live chat, email, and a support ticket system tailored to U.S. users. You might wait longer, sometimes for days, especially during verification delays. The exchange serves fewer people yet struggles with consistency. It lacks phone support, unlike some U.S. competitors like Kraken.

Winner: Binance, for faster and more reliable customer support compared to Binance.US.

Binance vs Binance US: User Interface

The international Binance platform delivers a versatile user interface for all levels. It offers a basic mode for beginners and an advanced mode with charting tools, like TradingView integration, for pros. You can trade over 350 coins across spot, margin, and futures markets, all on a clean, customizable dashboard. The mobile app mirrors this flexibility. It’s intuitive yet packed with features.

Binance.US simplifies things for U.S. users. It provides a streamlined interface with basic and advanced views, supporting 160 coins on spot trading only. You get similar charting tools but fewer options like futures or margin trading due to regulations.

The platform is user-friendly, with a mobile app rated well for ease, though some find it less dynamic than Binance’s. It suits beginners but may bore advanced traders.

Winner: Binance has a more advanced user interface, whereas Binance.US has a more basic version without any advanced tools due to regulatory compliance.

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Conclusion: Which Binance is better?

To compare Binance vs. Binance.US, the differences are clear across key areas. Binance dominates globally with over 350 cryptocurrencies, a $50 billion daily trading volume, and access in 180+ countries, making it ideal for diverse, high-volume traders. Its user interface is robust, its customer support is efficient, and its security is strong despite a 2022 hack, backed by a $1 billion SAFU fund. However, it’s unavailable in the U.S. due to regulatory bans.

Binance USA version caters to Americans in 34 states, offering 160 cryptocurrencies, a $30 million trading volume, and strict U.S. compliance. It provides a simpler interface and a clean security record but lags in liquidity and support responsiveness.

The global Binance platform excels in scale and variety, while Binance.US prioritizes legality and safety for U.S. users. For global reach and features, Binance wins; for U.S.-based trading, Binance.US is the only option. Your choice depends on location and priorities. You can also check out our other comparisons, like Binance vs OKX and Binance vs Bybit.

FAQs

Who can use Binance and Binance US?

Binance can be used by global users in over 180 countries, including Europe, Asia, and Africa, and offers trading futures, spot, margin, and options. Binance.US is only for U.S. traders in 34 states. The platform focuses on compliance and simplicity, limiting features like futures or margin trading for its American audience.

Is Binance.US legal in the USA?

Yes, Binance.US is legal in the USA and designed to comply with U.S. regulations. It operates under BAM Trading Services, a U.S.-based entity registered with the Financial Crimes Enforcement Network (FinCEN). The platform adheres to federal laws, including anti-money laundering (AML) and KYC requirements, ensuring users verify their identity with government-issued IDs. You can use it in 34 states.

Which Binance app to use in the US?

You should use the Binance.US app if you’re in the United States. It’s tailored for U.S. residents, available on iOS and Android, and supports trading 160 cryptocurrencies. The app complies with U.S. laws and requires KYC verification with a U.S. ID. You download it from the App Store or Google Play, log in with a Binance.US account, and trade legally in states like California or Florida, but not New York or Texas.

What is the difference between USD and USDT on Binance?

USD on Binance refers to the U.S. dollar, a fiat currency issued by the U.S. government. It’s used in limited trading pairs, like BTC/USD, where you trade cryptocurrencies directly against real dollars. You deposit USD via bank transfers, but availability is restricted due to regulatory hurdles. Binance rarely offers USD pairs globally, but Binance.US uses USD.

USDT, or Tether, is a stablecoin pegged 1:1 to the USD and issued by Tether Limited. It’s widely used on Binance, with over 350 trading pairs like BTC/USDT. You can trade it freely without bank involvement, as it’s a cryptocurrency stored in wallets. USDT maintains stability, with each token backed by dollar reserves, making it a popular proxy for USD on exchanges.

USD involves actual cash and stricter rules, while USDT mimics USD value within the crypto ecosystem. Binance favors USDT for its flexibility and volume.

Is Binance US shutting down?

No, Binance.US is not shutting down; it remains operational, serving millions of users across 34 U.S. states. The platform faced challenges, like a $4 billion fine tied to its parent company Binance’s legal issues, and paused USD withdrawals for some time due to SEC pressure. You can still trade crypto-to-crypto pairs, and it’s licensed by FinCEN, showing commitment to U.S. compliance.

The post Binance vs Binance US: What are the Key Differences? appeared first on NFT Evening.

This guide will cover what the Phemex invite code is, what the benefits of using an invitation code are, and a step-by-step guide on how to use the Phemex referral code.

What is Phemex Referral Code?

A Phemex referral code is an invite code shared with new users by existing users to onboard them on the platform with special welcome bonuses and discounts. It’s designed to reward both the new trader and the person who shared the code with bonuses like coupons or fee reductions.

The best Phemex referral code for 2025 is FR72P8. By using it, you’ll unlock a generous $4,800 welcome bonus and enjoy a 30% discount on trading fees, giving your crypto journey a solid head start.

Phemex Referral Code

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Phemex Sign-Up Bonus and Rewards

Here are the Phemex bonuses and rewards attached to our referral code:

• KYC Verification: Complete identity verification to earn a $10–1,200 USDT spot cashback voucher.
• First Deposit: Deposit at least 50 USDT to receive a $5–1,500 USDT spot cashback voucher.
• First Trade: Make a spot or contract trade of 100 USDT or more to get a $5–2,100 USDT cashback voucher or trading bonus.

A 30% reduction on trading fees applies to all transactions for new users who sign up with our Phemex referral code FR72P8. This discount enhances profitability, especially for day traders.

How to Use the Phemex Invitation Code?

Step 1: Create a Phemex Account with Our Invite Code

First, head over to the official Phemex website, and on the homepage, locate the “Sign Up” button. Click it to begin the registration process. You’ll be prompted to enter your email address and create a strong password.  At this stage, you’ll see an optional field labeled “Invitation Code.” This is where you will input the code FR72P8, which offers a $4,800 welcome bonus and a 30% trading fee discount. 

After filling in your details, agree to the terms of service and click “Create Account.” Phemex will send a verification email—open it, click the link, and your account will be active.

Step 2: Complete KYC Verification

Next, navigate to the “Account” section by clicking your profile icon in the top-right corner. Select “Identity Verification” from the dropdown menu. You’ll be asked to provide personal details like your full name, date of birth, and address, followed by uploading a government-issued ID (e.g., passport or driver’s license) and a selfie for facial verification. 

The process is straightforward and usually takes a few minutes to a couple of hours for approval. Completing KYC within 30 days of registration is key, as some rewards, like the cashback voucher worth up to $1,200, depend on it.

Step 3: Deposit and Trade Crypto

Now that your account is verified, it’s time to fund it and start trading. From the homepage, click “Assets” in the top navigation bar, then select “Deposit.” Choose your preferred cryptocurrency (e.g., USDT, BTC, or ETH) and copy the wallet address provided. 

Transfer at least 50 USDT (or equivalent) from an external wallet or exchange to this address. Go to the “Markets” tab, pick a trading pair (like BTC/USDT), and execute a spot and futures market trade worth at least 100 USDT. This action will unlock additional bonuses tied to your referral code. Be sure to complete these tasks within 30 days of signing up to stay eligible for the full reward package.

Step 4: Claim the Sign-Up Bonus

Finally, claim your rewards by visiting the Rewards Hub. Here, you’ll see a “Welcome Rewards” section listing tasks you’ve completed—like KYC, depositing, and crypto trading volume—along with their associated bonuses.

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Phemex Referral Program

The Phemex Referral Program offers a rewarding way for users to invite friends and earn referral benefits. When you sign up on Phemex, you’re given a unique referral code or link, which you can share with others. If someone uses your code to create an account and completes specific actions—like verifying their identity, depositing funds, or trading—you both reap the rewards. 

For the person inviting, there’s a chance to earn up to $9,000 in commissions based on the trading activity of those they’ve referred to, alongside a share of a $66,000 prize pool for top performers. New users, meanwhile, gain access to a welcome package that can reach $4,800 in bonuses.

Phemex Referral Bonus Terms & Conditions

Here are the Phemex referral code bonus terms and conditions:

• Invitees must register with our unique referral code; and creating duplicate accounts to exploit bonuses is forbidden and may result in permanent account suspension.
• New users need to finish tasks like identity verification, depositing funds, and trading within 30 days of registration to qualify for referral rewards.
• Referral bonuses, including trading credits and cashback vouchers, are restricted to trading use only and cannot be withdrawn, though any profits earned from them can be freely cashed out.
• Once conditions are met, rewards are credited within two hours—USDT cashback goes to your spot wallet, while trading bonuses are added to your contract trading account.
• Cashback vouchers remain valid for 14 to 30 days after issuance, and you must claim rewards within 30 days of eligibility, or they’ll expire.

About Phemex Crypto Exchange

Phemex is one of the best crypto exchanges that was launched in November 2019. Founders, ex-Morgan Stanley executives, started it in Singapore. The platform now supports more than 5 million active users across over 200 countries worldwide.

It provides access to over 470 cryptocurrency pairs, including popular options like Bitcoin and Ethereum. The exchange’s advanced technology handles up to 300,000 transactions every single second. Trading fees remain affordable at just 0.1% for spot market transactions. 

Let’s understand Phemex’s advanced trading features in detail below:

Key Features & Products

• Futures Trading: Phemex’s Futures Trading feature allows users to trade perpetual contracts with up to 100x leverage, covering assets like BTC, ETH, and XRP. You can speculate on price movements without owning the underlying crypto, using USDT or coin-margined contracts.
• Phemex Earn: Phemex Earn provides a way to generate passive income, offering up to 10% APY on 20+ cryptocurrencies like USDT, BTC, and ETH. You can choose between Flexible Savings, where funds remain withdrawable anytime, or Fixed Savings with terms up to 14 days for higher rates.
• Trading Bots: They automate trading strategies like the Futures Grid Bot, which executes buy/sell orders at preset price intervals. The platform also offers Spot Grid and DCA (Dollar-Cost Averaging) bots, free for all users post-KYC.
• Fiat-to-Crypto Convert: The Phemex platform lets users buy crypto like BTC, ETH, or USDT with over 80 fiat currencies (e.g., USD, EUR) via credit card or bank transfer. Purchases start at $10, processed through partners like Simplex or MoonPay, with funds hitting your wallet in minutes after KYC verification.
• P2P Trading: Phemex’s P2P Trading enables direct crypto trades between users in over 200 countries with 0% fee, supporting payments like bank transfers or digital wallets (e.g., PayPal).

Phemex Referral Code

Get $4800 Welcome Bonus

Code Valid: May 2025

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Final Thoughts

In a nutshell, Phemex referral codes unlock big rewards for new traders. Invite codes like FR72P8 give you a $4,800 welcome bonus and cut your trading fees by 30%. 

You need to sign up, use the code during registration, complete tasks like KYC and deposits, and complete basic trading tasks to claim it. Also, the friends you invite earn bonuses, too, while you pocket commissions up to $9,000. The process stays simple—grab your code, share it, and watch benefits roll in. For more welcome rewards, check out our guide on the MEXC referral code.

FAQs

Is Phemex allowed in the US?

No, Phemex does not allow users from the United States to trade on its platform. The exchange restricts access due to regulatory requirements.

What is the Phemex deposit bonus?

The Phemex deposit bonus rewards new users with up to $4,800 in USDT for completing tasks like depositing funds. For example, depositing at least 50 USDT earns a $5–1,500 spot cashback voucher.

Where will we find the referral code?

You will find your Phemex referral code in the “Invite Friends” section after signing up. Log in, click your profile, and navigate to the “Invite Friends” section to see your unique code or link. New users can also enter Phemex referral codes like FR72P8 during registration. It’s a simple process to share or apply.

Is a Phemex invitation code the same as a Phemex referral code or promo code?

Yes, a Phemex invitation code is the same as a referral code or promo code. Terms like FR72P8 serve the same purpose—unlocking bonuses like $4,800 and fee discounts during sign-up

Is KYC verification required to receive the Phemex bonus?

Yes, KYC verification is mandatory to receive the Phemex bonus. You must complete identity checks within 30 days of registration to claim rewards like the $4,800 welcome bonus.

How to withdraw Phemex bonus?

You cannot withdraw the Phemex bonus directly from your account. The referral bonuses, like the $4,800 USDT from code FR72P8, are for trading only. However, profits made from trading with the bonus can be withdrawn to your spot wallet.

The post Phemex Referral Code 2025: FR72P8 ($4,800 Welcome Bonus) appeared first on NFT Evening.

In this post, we’ll look at how this model grants users full control over private keys and custody of funds, minimizing counterparty risk. We’ll also see why DEX platforms can often provide lower fees and increased privacy, which appeals to both casual users and experienced traders.

What is a DEX?

A decentralized exchange, or DEX, is a cryptocurrency marketplace that relies on decentralized technology to execute trades without a middleman. Unlike centralized exchanges like Coinbase, which manage user funds in their wallets, a DEX leaves control of crypto assets in the user’s hands through self-custody. Transactions occur via smart contracts on public blockchains, making them secure, transparent, and tamper-resistant.

DEXs enable users to buy or sell digital assets around the clock, requiring only an internet connection. Fees often include network costs and platform-specific fees that help fund development or reward liquidity providers. DEXs are less prone to large-scale hacking events since there is no central wallet to target. They also reduce regulatory compliance burdens because they do not typically handle fiat directly, though this varies by region and platform design.

While decentralized exchanges offer permissionless access and minimize reliance on a central authority, they can face issues such as lower liquidity and more complex user interfaces. Despite these obstacles, DEXs remain a vital component of the expanding decentralized finance ecosystem, an immutable bulwark of the trustless, peer-to-peer ethos at the heart of crypto.

Top Decentralized Exchanges

Source: The Block

• Uniswap: A pioneering Ethereum-based AMM, enabling frictionless token swaps, deep liquidity, and user-friendly operations.
• Curve: Focused on stablecoins, featuring minimal slippage through specialized liquidity pools for pegged assets.
• PancakeSwap: Leading AMM on BNB Chain, offering yield farming, staking, and broad BEP-20 token support.
• Balancer: Provides customizable multi-token pools, letting users define weights and automate portfolio management strategies.
• Sushi: A community-driven DEX evolved from Uniswap, delivering yield farming, lending, and multi-chain expansions.
• Hyperliquid: A cutting-edge DEX built for ultra-fast trading and deep liquidity, Hyperliquid leverages advanced blockchain protocols to minimize latency and support high-frequency trading.

For more details, check out our best decentralized crypto exchanges review.

How Does a DEX Work?

Decentralized exchanges empower users to trade crypto directly from their wallets without intermediaries. Beyond the traditional order book model, modern DEXs integrate innovative features such as cross-chain bridges, lending protocols, and liquidity pools. 

Bridges facilitate the seamless transfer of digital assets between different blockchains, enabling interoperability and expanding market access. On the other hand, liquidity pools allow users to deposit tokens into shared pools, which are then used to facilitate trades; in return, liquidity providers earn a portion of the transaction fees.

These enhancements create a trustless and transparent ecosystem where transactions are recorded on a public ledger, and users maintain full custody of their funds. Let’s take a deeper look.

Order Book DEXs

Some decentralized platforms mirror traditional order books, matching buy and sell orders. Here, users submit limit orders specifying the desired price. If a corresponding sell (or buy) order is found, the trade happens automatically.

While this resembles centralized exchanges, the difference lies in custody: user funds stay in personal wallets rather than a central platform. Each order and cancellation requires an on-chain transaction, which can cause network congestion or increased trading fees, especially when activity is high.

Order book DEXs often face liquidity challenges if fewer users participate. Because the platform depends on matching buy-sell pairs, it may be harder to complete trades efficiently.

On the other hand, traders retain more control through limit orders and advanced features like stop-loss orders. This approach suits those who want a familiar trading process without relinquishing ownership of their assets.

Bridging

Bridging is the term for transferring assets from one blockchain to another so that tokens that are created on one chain can be traded, staked, or otherwise utilized on other chains. Since DEXs rely on a range of tradable assets, bridging is a critical function that facilitates exchanges on a large scale. It helps unite liquidity sources and unlock new markets and cuts out the need for centralized intermediaries. 

Cross-chain interoperability also makes DEXs much more versatile, by giving customers access to the key features, low fees, and deep liquidity of multiple crypto networks. By offering bridging, an exchange can dramatically expand the selection of assets available to its users, which translates to an edge over platforms where bridging isn’t an option.

Lending

Some DEXs also integrate decentralized finance products, like loans. DeFi lending protocols let you borrow or lend crypto assets directly through smart contracts. This approach eliminates any potential for centralized gatekeepers in the lending process, reducing lending fees and approval times. By staking your holdings, you can earn interest while borrowers secure their loans with on-chain collateral, for a trustless, transparent loan process. 

DeFi lending functionality not only provides crucial liquidity to the platform but also gives users a wider range of options for putting their assets to work for them. The expansion into lending will help cement DEXs as one of the financial hubs of the future, specifically for those with an eye toward decentralized governance. 

Enhanced Featureset DEXs

Many modern DEXs have grown past the conventional order book model and now support cross-chain bridges, enabling seamless asset transfers between different blockchains. This interoperability expands critical market access and lets users participate in diverse ecosystems from a single platform.

Overall, this creates a highly incentivized framework for liquidity provision, while also reducing slippage, enhancing the entire experience. Together, these features help craft a comprehensive DeFi platform that supports traditional trading styles while facilitating access to a massive array of financial services and capital efficiency.

Automated Market Makers (AMMs)

Automated market makers introduced a novel way of providing liquidity by using specialized smart contracts that create liquidity pools. In this model, liquidity providers deposit tokens into these pools and receive a share of trading fees whenever a swap occurs. Prices adjust based on each pool’s token ratio, eliminating the need for traditional order books.

Platforms like Uniswap, SushiSwap, and PancakeSwap gained popularity for their simplicity: users easily connect a wallet, select tokens to swap, and confirm transactions. AMMs excel at ensuring constant availability, though liquidity pool sizes can affect slippage and pricing accuracy. In return for contributing to the pool, liquidity providers earn rewards proportional to their stake in the pool. That said, they also risk impermanent loss if token values diverge significantly.

Despite these drawbacks, AMMs have propelled DeFi by lowering barriers to entry, supporting niche tokens, and expanding user access to on-chain trading.

Source: Shardeum

Pros and Cons of DEXs

Pros 

• Self-custody: Using a decentralized exchange enables users to maintain control over private keys, ensuring full ownership of their crypto assets. Unlike centralized exchanges, which custody user funds, DEXs execute trades while leaving tokens in users’ wallets until the transaction completes.
• Diversity: DEXs offer a vast array of digital assets that might not be listed on more traditional, centralized platforms. This allows for the inclusion of emerging tokens or smaller market cap projects that may not currently meet the listing criteria of a CEX.
• Reduce Hacking risks: Because decentralized exchanges work by distributing funds across user wallets rather than a central authority, large-scale hacks are less likely. No single wallet holds all user funds, mitigating counterparty risk.
• Anonymity: Many DEXs require only an internet connection and a compatible crypto wallet to start trading, with no lengthy identity verification. This allows permissionless access, supporting those seeking greater privacy.
• Trustless Transactions: By using smart contracts on public blockchains, DEX platforms can provide liquidity and execute trades without relying on intermediaries or payment processors. This trustless environment also reduces the need for anti-money laundering oversight, although regional rules may still apply.
• Utility in the developing world: Lower fees, no mandatory KYC, and an easily connectable DEX interface create opportunities for financial inclusion. Users in regions lacking robust banking infrastructure can trade cryptocurrencies directly, bypassing traditional barriers.

Cons 

• Scalability: Network congestion on popular DEXs can lead to high gas fees or delayed transactions, particularly on blockchains struggling with throughput. These limitations hamper user experience and future growth.
• User Interfaces and Experience: Navigating a DEX can feel daunting for newcomers, with complex order forms, liquidity pool mechanisms, or advanced features like limit orders. Home screen layouts and tutorials often lag behind more user-friendly centralized platforms.
• Liquidity: While some DEXs excel at market liquidity, many struggle if too few liquidity providers join the pool. Low liquidity means higher slippage and less favorable trade execution for large orders.
• Smart contract: DEXs rely on code that may contain vulnerabilities. Even though many popular DEXs undergo audits, unforeseen exploits can compromise user funds or disrupt the trading process.
• Riskier coins: Because listing on a DEX typically requires no centralized vetting, fraudulent or extremely volatile tokens can appear, exposing traders to higher risk.
• On and Off-Ramps: Converting fiat to crypto or vice versa often requires centralized exchanges (CEXs). As most DEXs lack direct trade fiat functionality, new users might need a CEX for deposits and withdrawals.

Centralized Exchanges (CEXs) vs. Decentralized Exchanges (DEXs)

How do DEX Fees Work?

DEX fees differ from CEXs in that they are not typically controlled by a central authority. Instead, costs can include network transaction fees known as gas, plus any platform-specific fees. While there are no standard withdrawal fees imposed by the platform (since user funds remain in user custody), on-chain actions like swapping or moving tokens to another wallet still incur blockchain fees. Fees may fluctuate due to market volatility, network congestion, or different governance decisions in the decentralized finance (DeFi) ecosystem.

The Future of DEXs and DeFi

Decentralized exchanges are poised to play a greater role in shaping the broader DeFi ecosystem. Advancements in blockchain technology could alleviate scaling concerns, allowing DEXs to handle more users and trade cryptocurrencies at minimal costs.

As regulatory frameworks evolve, some DEXs may integrate compliance tools while preserving user autonomy. With institutional interest rising, next-generation DEXs might adopt features like derivatives, futures contracts, or advanced analytics, attracting more sophisticated traders.

On top of that, the development of cross-chain solutions is likely to unify liquidity across multiple networks, creating a more seamless trading process.

Conclusion

By providing instant access to digital assets, preserving control through private keys, and encouraging community-driven liquidity provision, decentralized exchanges offer a glimpse of the potential of permissionless, trust-free, financial transactions. That said, there are still challenges to tackle related to liquidity, user experience, and regulatory compliance, which can be significant, especially for newcomers.

As technology evolves and more users embrace decentralized platforms, DEXs are poised for continuous growth. For those willing to conduct thorough research and manage risk appropriately, these exchanges open doors to innovative ways of engaging with crypto markets.

The post What Is DEX? A Beginner Guide to Decentralized Exchanges appeared first on NFT Evening.

This guide will cover what the Backpack referral code is, how it works, and why you should use our Backpack invite code “nftebp” during registration.

Backpack Referral Code

-10% Trading Fees

Sign Up & Start Trading Today

Code Valid: May 2025

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What is the Backpack Referral Code?

The Backpack Referral Code is a unique promo code given to registered users of Backpack Exchange to invite new people. It’s part of their referral program to grow the platform. When a new user signs up with a code and completes KYC, the referrer earns rewards. 

We recommend using our best Backpack referral code “nftebp” during registration. Just visit backpack.exchange, sign up, and enter “nftebp” in the referral field to get full platform access.

Backpack Bonus and Rewards

When you use our referral code “nftebp” to sign up and complete KYC, we earn 10% of your trading fees as a rebate, processed weekly and claimable for 24 months. 

But here’s the bonus: once you use our invite code, you also become eligible for airdrops based on platform campaigns. Plus, you can now invite others with your own Backpack referral code from backpack.exchange/referrals, earning 10% of their fees, too.

How to Find and Use a Backpack Referral Code?

Step 1. Locate a Referral Code: Ask a friend who uses Backpack Exchange for their unique referral code, or search online on platforms like X or crypto forums where users share codes. You can also use our Backpack referral code “nftebp” or referral link to sign up.

Step 2. Sign Up on Backpack Exchange: Visit backpack.exchange, click “Sign Up,” and enter your email and password. During registration, input the referral code in the designated field to link your account to the referrer.

Step 3. Complete KYC Verification: After signing up, submit your ID and proof of address for Know Your Customer (KYC) verification. This step is mandatory to activate the referral benefits and start trading.

Step 4. Start Trading: Once verified, deposit funds and begin trading. The referrer earns 10% of your trading fees while you enjoy full platform access—there’s no direct sign-up bonus for you as the new user.

Step 5. Get Your Own Code (Optional): After joining, go to backpack.exchange/referrals to find your own code. Share it with others to earn rewards yourself, following the same process.

Backpack Referral Code

-10% Trading Fees

Sign Up & Start Trading Today

Code Valid: May 2025

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Claim Reward Now!

Backpack Referral Program

The Backpack Referral Program allows registered users on Backpack Exchange to earn rewards by inviting new users. When you share your unique referral code, you earn 10% of the trading fees generated by each KYC-verified user who signs up using your code. 

Note: Starting March 28, 2025, the default referral rate dropped from 30% to 10%. For higher rewards, the Affiliate Program offers additional points for active referrers based on trading volume.

Referral Bonus Terms & Conditions

• Eligibility: You must be a registered Backpack Exchange member with a unique referral code. Only KYC-verified users you refer qualify you for rewards.
• Reward Structure: You earn 10% of the trading fees generated by each referred user who signs up with your code and completes KYC. 
• Claim Period: Referral rebates are available to claim for 24 months after eligibility. Claims are processed weekly, not instantly.
• VIP5 Exception: Referrals who reach the VIP5 fee tier do not generate rebates for you, as per the program rules.
• No Retroactive Referrals: You cannot earn rebates for users who completed KYC without using your code initially.
• Affiliate Bonus: Through the Affiliate Program, you can earn 1 point for every 4 points your referrals generate, on top of the 10% rebate, if approved after applying.

About Backpack Exchange

Backpack is a centralized cryptocurrency exchange (CEX) that has become a popular choice for traders around the world. It was launched in 2023 under the leadership of Armani Ferrante, who is also the founder of Coral, a crypto infrastructure company. This exchange is built to work smoothly with the Solana blockchain, but it also supports other chains like Ethereum, Optimism, and Polygon.

It has a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA). This means it follows strict rules for transparency, investor safety, and audits. It operates in many places like the Middle East, Asia, and some U.S. states, but not in countries like North Korea, Iran, or Canada yet.

Backpack offers spot trading and futures trading right now, with plans for margin trading soon. It uses Multi-Party Computation (MPC) and Zero-Knowledge Proof (ZKP) for secure transactions. Trading is also fast because of low latency order execution, and users can keep control of their assets with the self-custody option. There is also a reward system—points based on trading volume. The more you trade, the more points you earn, which can give benefits like airdrops. Fees on Backpack Exchange are low and competitive. The maker fee is 0.08%, and the taker fee is 0.1%. Here is our in-depth guide on the Backpack exchange for more info.

Backpack Referral Code

-10% Trading Fees

Sign Up & Start Trading Today

Code Valid: May 2025

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Claim Reward Now!

Final Thoughts

To wrap up, Backpack Exchange is a good choice for people who like crypto. It’s safe, has low fees, and offers a nice referral program. When you use our code “nftebp”, you join a trusted platform that follows Dubai’s VARA rules. 

This code helps us earn 10% of your trading fees, and you can get airdrops too. After signing up, you can also invite others with your own code and earn rewards. It’s simple to start—use “nftebp”, finish KYC, and trade easily with Backpack’s wallet or tools.

The post Backpack Referral Code “nftebp”: Earn 10% Trading Fees appeared first on NFT Evening.

This HTX review will cover what HTX (Huobi) is, what its trading fees and features are, and whether it is a safe and legit crypto exchange for buying cryptocurrencies.

HTX Referral Code

$1,500 USDT Sign Up Bonus

Sign Up & Start Trading Today

Code Valid: May 2025

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HTX Exchange Review: At a Glance

What is HTX (Formerly Huobi)?

HTX is a leading global cryptocurrency exchange founded in 2013 by Leon Li, originally named Huobi Global, and rebranded to HTX in 2023 to mark its 10th anniversary. Based in Seychelles, it serves over 45 million users across 160+ countries, offering a robust platform for trading, investing, and learning about digital assets. You can trade over 700 cryptocurrencies. 

The exchange supports spot trading, futures with up to 200x leverage, and margin trading at 5x leverage. The platform offers diverse financial products through HTX Earn, such as Flexible and Fixed staking, Shark Fin, Dual Investment, and On-chain Staking, letting you earn passive income on idle assets. The user interface is intuitive on desktop and mobile, offering advanced charting tools and social trading features.

HTX operates under strict regulatory compliance with licenses in Lithuania (Virtual Currency Exchange Operator), Dubai (FMP License via VARA), and the British Virgin Islands (SIBA Investment Business License). However, it restricts services in countries like the United States, mainland China, Russia, Iran, and the UK due to local regulations.

Pros of HTX

• Wide Range of Cryptocurrencies: HTX offers over 700 cryptocurrencies, including major coins like Bitcoin and Ethereum, as well as a vast selection of altcoins.
• Advanced Trading Features: The platform provides tools like margin trading, futures contracts with up to 200x leverage, and copy trading.
• High Liquidity: HTX consistently ranks among the top exchanges for trading volume and this ensures quick order execution with minimal price slippage.
• Strong Security Measures: HTX employs robust security practices, including two-factor authentication, cold storage for most funds, PoR data, and SSL encryption.
• Passive Income Options: You can stake your ideal crypto assets or participate in programs like Dual Investment and SharkFin to earn interest.

Cons of HTX

• Restricted Access in Some Regions: HTX is unavailable in countries like the United States, China, and Japan due to regulatory restrictions.
• Higher Trading Fees: Base trading fees start at 0.2% for both makers and takers, which is higher than some competitors (generally 0.1% on Binance and Bybit) unless discounted with HTX token holdings.

HTX Trading Features Explained

Futures Trading

HTX futures trading lets you trade contracts based on the future price of digital currencies like BTC or ETH. It allows you to make money by predicting if the price will go up or down. Here, you don’t own the actual cryptocurrency; instead, you’re betting on its price movement.

HTX offers various futures contracts based on duration and settlement type. Two key categories are USDT-M (USDT-Margined) and Coin-M (Coin-Margined) futures.

• USDT-M Futures: These contracts use USDT (Tether), a stablecoin pegged to the U.S. dollar, as the margin and settlement currency. You deposit USDT to trade, and profits or losses come back in USDT. They’re easier to understand because your gains or losses stay in a stable value, not a fluctuating cryptocurrency.
• Coin-M Futures: These use the cryptocurrency itself (like BTC or ETH) as the margin and settlement currency. For instance, in a BTC-margined contract, you put up BTC, and if you win, you get more BTC.

Order Types

HTX provides several order types to help you control how and when your trades happen. Each one fits different strategies:

• Limit Order: You set a specific price and amount to buy or sell. The trade only happens if the market hits your price. It’s great for getting a good deal but might not fill if the price doesn’t reach your target.
• Trigger Order: You need to pick a trigger price, and when the market hits it, your pre-set buy or sell order activates. It’s useful for setting up automatic trades, like stopping a loss if the price drops too far.
• Trailing Stop Order: You must set an activation price and a callback rate. The order triggers when the price moves in your favor and then pulls back by your set rate. It helps lock in profits during big price swings.

HTX offers leverage from 1x (no borrowing) up to 200x for perpetual futures contracts. However, 200x leverage is only available for BTC and ETH pairs, and other altcoins get up to 125x leverage.

Margin Trading

HTX margin trading is a way for users to borrow funds from the HTX platform to trade cryptocurrencies with more buying power than they have in their accounts. The borrowed funds act like a loan, and you must repay them with interest later.

You can use a maximum of 5x leverage in margin trading. HTX margin trading has two main modes that decide how your money (margin) is used to cover your trades. These modes affect how much risk you take:

• Cross Margin Mode: This mode uses all the money in your account as a safety net for all your trades. If one trade loses money, the system can pull funds from your other profits or unused cash to keep it going.
• Isolated Margin Mode: This mode limits the money for each trade to what you put in for that specific contract. If a trade goes bad, you only lose what you assigned to it, not your whole account. It’s safer but needs more planning since you split your funds.

You can switch between these modes on the trading page, even while holding positions, as long as no open orders are pending.

Trading Bots

HTX trading bots are automated tools that help you trade cryptocurrencies. They work 24/7 to buy and sell assets based on rules you set, so you don’t have to watch the market all the time. It supports a popular type called the “Grid Trading Bot.” This bot sets up a range of prices and places buy and sell orders within that range. It buys low and sells high repeatedly to make small profits as the price moves. 

HTX trading bots are secure because they use your account through an API (a safe connection), but they don’t hold your money – the funds stay in your HTX account. You stay in control and can stop the bot anytime.

Copy Trading

HTX copy trading lets you automatically copy the trades of experienced traders. You need to pick a skilled trader, follow their moves, and your account mirrors their trades. The lead trader earns a share of your profits as a reward, while you keep the rest.

Here’s how it works in simple terms: You must browse from a list of lead traders and check their stats, like how much profit they’ve made or how many people follow them. You choose one you like, set how much money you want to use, and hit “Follow”. After that, HTX copies every trade the lead trader makes – like buying or selling Bitcoin – into your account. You can stop following anytime, but while you’re in, their wins or losses become yours too.

HTX copy trading is great because it saves time and uses expert skills. You don’t need to watch the market all day – your chosen trader does the work. The lead trader takes 10-25% of your profits (they set the rate), so you share the wins.

Options Trading

HTX options trading allows you to buy or sell an asset at a set price within a specific time without owning the asset itself. The HTX exchange offers two main styles: American and European options. American options let you cash out anytime before the deadline, giving you flexibility. European options only settle at the end, which can be cheaper but less flexible.

Here’s how it works step-by-step:

• You choose an option type: HTX offers “call” options (betting the price goes up) and “put” options (betting it goes down).
• You set the terms: You pick the crypto (like BTC/USDT), the strike price, and how long the contract lasts—sometimes minutes, sometimes months.
• The system sets a premium: This is the fee you pay to buy the contract, based on the current market.
• You win or lose: If the price hits your target before time’s up, you profit. If not, you lose the premium.

HTX Launchpool

HTX Launchpool is a feature that lets users earn rewards by staking their $HTX tokens. It is a way for people to lock up their tokens for a set time and get new tokens from upcoming projects as a reward. The HTX platform uses this to help new blockchain projects get funding while giving users a chance to earn extra income. You simply lock your $HTX tokens on the platform, and during that time, you earn these new tokens based on how much you stake.

HTX Referral Code

$1,500 USDT Sign Up Bonus

Sign Up & Start Trading Today

Code Valid: May 2025

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HTX Earn

HTX allows users to generate passive income on their digital assets through multiple structured products. Its Earn program provides tailored options like Flexible, Fixed, Shark Fin, ETH 2.0, Staking, Dual Investment, and On-chain Staking to meet diverse investment needs.

• Flexible and Fixed Staking: HTX Earn’s Flexible product lets you deposit and withdraw assets anytime, earning daily rewards while keeping liquidity intact. The Fixed product offers higher returns for locking assets until a set redemption date, though early withdrawal forfeits all rewards. You can pick from over 100 popular cryptocurrencies, such as PEPE and BOME, to gain stable returns on idle assets. Currently, it offers 10% APY on USDT and 6% APY on ETH.
• Shark Fin: HTX’s Shark Fin product guarantees no principal loss and provides a basic return, with potential APYs ranging from 5.5% to 35% over 3-7 days. It thrives in any market condition, offering higher yields if price predictions align within a set range, like 6% to 36% for BTC between $30,000 and $33,000.
• ETH 2.0: HTX ETH 2.0 introduces one-click staking for Ethereum’s proof-of-stake upgrade, distributing BETH (a 1:1 staking certificate) without slashing risks. Staked ETH remains locked in a smart contract until the Shanghai upgrade allows gradual withdrawals.
• Staking: HTX Staking enables you to lock Proof-of-Stake (PoS) coins like SOL and ADA and earn high rewards by validating blockchain transactions. You can also check our detailed guide on the best crypto staking platforms.
• Dual Investment: Dual Investment targets advanced users by mixing stablecoins and cryptocurrencies for better yields tied to market prices at maturity. You must pick a target price and date for assets like BTC or ETH and receive either currency based on the outcome.
• On-chain Staking: On-chain Staking on HTX supports non-custodial staking with top-tier projects like DOT and ETH 2.0 through institutional-grade systems. You can keep control of your assets while earning rewards via blockchain validation with HTX’s dependable node support.

HTX Loans

HTX Loans is a service that enables you to borrow cryptocurrency by using your existing digital assets as collateral. You must complete Know Your Customer (KYC) verification on your HTX account before you can begin. After that, you select a cryptocurrency to borrow—such as USDT, BTC, or ETH—and choose a collateral asset like BTC, ETH, USDT, or HTX’s native token, HTX. 

You can opt for a Flexible term, which lets you repay at any time, or fixed terms of 7 days, 30 days, 45 days, or 90 days. Interest accrues hourly at rates around 0.0005%. 

You repay the loan manually, but if the loan-to-value (LTV) ratio—calculated as your borrowed amount divided by your collateral’s value—reaches approximately 80%, HTX may liquidate your collateral. Your collateral remains locked until you fully repay the loan, though you face no penalty for paying it off early. HTX also supports OTC loans to institutional traders.

Recently, HTX reported a daily borrowing volume of $100 million, reflecting strong demand for this service. This option works well if you need liquidity without selling your assets.

HTX Learn

HTX Learn is a free educational platform designed to teach you the fundamentals of cryptocurrency and blockchain technology. You can explore concise lessons and take quizzes that make learning engaging and interactive. 

For instance, the “Crypto Loans Basics” quiz explains borrowing options like USDT or ETH and how the LTV ratio functions, rewarding you with small amounts—such as 0.04 USDT or 0.5 HTX—upon completion. The platform targets beginners and verified account holders, offering lessons on topics like staking benefits or securing your crypto wallet in straightforward language. 

Some courses highlight HTX-specific perks, such as the 1% cashback on peer-to-peer (P2P) trades. You need a verified HTX account to participate, and any rewards you earn are credited directly to your wallet. This service is ideal if you are new to cryptocurrency or want to sharpen your skills while collecting minor crypto bonuses.

Deposits and Withdrawals at HTX

Deposits and Withdrawals Limits

The minimum deposit amount varies by cryptocurrency and network. Depositing Bitcoin requires only a small threshold to cover network costs, but HTX does not specify a universal minimum, leaving it flexible. Fiat deposits, such as USD or EUR via bank transfer minimums depend on the payment method (e.g., $10-$50 typically).

Withdrawal limits differ based on verification status. Unverified users, without Know Your Customer (KYC) completion, can withdraw up to 0.06 BTC per day. For verified users who complete KYC, the limit rises significantly to 200 BTC daily.

Deposits and Withdrawals Methods

HTX withdrawal methods include Bank Transfer (SEPA), Bank Transfer (SWIFT), Credit/Debit Card (Visa), Credit/Debit Card (Mastercard), PayPal, Skrill, Neteller, AdvCash, Payeer, Perfect Money, WebMoney, Revolut, Payoneer, and P2P Trading. You can also withdraw cryptocurrency through network transactions.

Cryptocurrencies Available on HTX

HTX gives you access to over 700 cryptocurrencies, making it a top choice for variety. You can trade big names like Bitcoin (BTC), Ethereum (ETH), and USDT, as well as popular altcoins such as Dogecoin (DOGE), Shiba Inu (SHIB), Solana (SOL), and Cardano (ADA). 

The platform also features its native token, HTX, which you can use to lower trading fees or stake for rewards. If you’re into newer projects, HTX lists tokens like PEPE and BOME too.

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HTX Exchange Supported/Restricted Countries

HTX serves you in over 160 countries, including places like France, Australia, and Germany. You get support in 15 languages—think English, Spanish, or Russian—and can deposit over 100 fiat currencies for convenience. 

That said, some countries are off-limits due to regulations. If you’re in the United States, mainland China, Japan, Iran, or North Korea, you can’t use HTX because of legal restrictions or sanctions. Other no-go zones include Taiwan, Israel, Iraq, Bolivia, Pakistan, Spain, the UK, and New Zealand for derivatives trading.

HTX Fees

Below is a detailed breakdown of all HTX fees, covering trading fees, deposit and withdrawal fees, and additional charges for specialized services like futures and margin trading.

Trading Fees

For spot trading, HTX employs a maker-taker fee model, which is common among cryptocurrency exchanges. Makers, who add liquidity to the order book by placing limit orders that aren’t immediately filled, typically pay lower fees than takers, who remove liquidity by executing market orders or limit orders that fill instantly.

The base fee for both makers and takers starts at 0.2% of the trade value. This applies to all crypto-to-crypto trading pairs and is calculated based on the total transaction amount. However, HTX offers a tiered fee structure that reduces these rates for users with higher 30-day trading volumes or those holding HTX tokens (HTX).

The trading fees for margin trades align with the spot trading fee structure, starting at 0.2% for both makers and takers. However, margin trading introduces an additional cost: interest on the borrowed funds. Interest rates are calculated hourly and vary depending on the cryptocurrency being borrowed.

For coin-margined futures, the standard maker fee is 0.02%, and the taker fee is 0.05%. USDT-margined swaps follow a similar model but with high taker fees, with maker fees at 0.02% and taker fees at 0.06%.

Deposit and Withdrawal Fees

HTX does not charge a deposit fee. However, you should be aware of network fees (also known as mining or gas fees), which are paid to the blockchain network. For fiat deposits, such as through third-party payment methods like PayPal or bank cards, HTX itself doesn’t impose a direct fee, but the payment provider may charge processing fees, which depend on the method and currency (e.g., USD, EUR, GBP).

Withdrawals do incur fees, and HTX has shifted to a dynamic fee model to account for cryptocurrency price volatility and network costs. Rather than a fixed amount, the withdrawal fee is calculated daily based on the blockchain network’s fee divided by the previous day’s average price of the cryptocurrency.

HTX Security

HTX is a secure crypto exchange with multiple safety measures in place. Here is a quick overview of its security features:

• Two-Factor Authentication (2FA): You can set it up using Google Authenticator or SMS, which generates a unique code you must enter alongside your password when logging in or withdrawing funds. This ensures that even if someone gets your password, they cannot access your account without the second code.
• Merkle Tree Proof of Reserves (PoR): HTX uses the Merkle Tree Proof of Reserves to prove it holds enough assets to cover all your deposits. You can verify this through monthly reports showing reserve ratios, like 101% for BTC and 100% for ETH.
• Cold Storage for Assets: HTX stores most of your cryptocurrency in cold wallets, which are offline and safe from online hackers. Only a small portion stays in hot wallets for daily trading needs.
• Multi-Signature Wallets: HTX employs multi-signature wallets, meaning multiple keys are needed to authorize transactions. You benefit from this because it prevents any single person or hacker from moving funds without additional approvals.
• Anti-Phishing Codes: You can create a unique anti-phishing code in HTX’s security settings to spot real emails from the platform. Every legitimate HTX email will include your code, so you can tell if a message is fake if it’s missing. This helps you avoid scams where fraudsters pretend to be HTX to steal your details.
• Blacklisted Address Monitoring: HTX tracks and blocks risky addresses linked to scams or illegal activity. In January 2025 alone, it added 189 new blacklisted addresses and stopped deposits from reaching the platform. This keeps your trading environment clean and shields you from tainted funds.
• Regular Security Audits: HTX conducts frequent security checks to find and fix weaknesses in its system. These audits ensure the platform stays ahead of new threats and keeps your data and assets safe. 

HTX Licenses and Regulatory Status

HTX also holds several licenses to ensure legal operations across various regions. In Lithuania, it has the Deposit Virtual Currency Wallet Operator and Virtual Currency Exchange Operator Registration. Dubai granted HTX Initial Approval of a Full Market Product (FMP) License through VARA. The British Virgin Islands issued the SIBA Investment Business License for Custody and Operation of Investment Exchange. Additionally, it offers payment and remittance services in South America.

User Interface and Experience

HTX offers you a clean trading interface on both desktop and mobile. The desktop version suits active traders with tools like detailed charts, technical indicators, and trading bots. You’ll find it easy to jump between spot trading, futures, or HTX Earn features like staking once you log in. 

The mobile app is available for iOS and Android and keeps things simpler for trading anywhere, adding social features like following crypto experts or joining chats. You can stay updated with trending topics right on the app’s home screen. Navigation feels intuitive, but if you’re new, the many options might take a moment to grasp.

Customer Support

HTX provides you with 24/7 customer support mainly through email at support@htx.com. You won’t get a live chat or phone help, which might feel limited compared to some competitors. Responses can come within hours, but during busy times, you might wait longer. 

After logging in, you can submit questions via the “Support” tab about account issues, withdrawals, or KYC hiccups. HTX also offers a solid FAQ and knowledge base on their site, answering basics like resetting 2FA or checking fees without delay. 

If you’re stuck, we suggest pinging them on X, though it’s not official. You’ll find multilingual help in languages like English or French if you’re in a supported region. Start with the self-help tools online and email if needed.

Conclusion

In a nutshell, HTX is the best exchange for crypto traders, packing in everything from spot trading to futures with hefty withdrawal caps—3,000 BTC if you’re fully verified—and a bunch of ways to deposit and withdraw funds, like SEPA, SWIFT, or even P2P deals. Its decade-long track record, strong security measures like 2FA and cold storage, and no major hacks enhance its reliability.

However, drawbacks include its inaccessibility in the US due to regulatory restrictions, high trading fees, and withdrawal fees that can fluctuate with network costs, and a lower 0.06 BTC daily limit for unverified accounts, which may frustrate some.

HTX Referral Code

$1,500 USDT Sign Up Bonus

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FAQs

Is HTX safe to use?

Yes, HTX is generally safe to use, thanks to its robust security measures and long-standing reputation. Founded in 2013, HTX (formerly Huobi) has operated for over a decade without a major security breach, showcasing its reliability. The platform employs two-factor authentication (2FA), cold storage for most user funds, and multi-signature wallets to protect assets.

Can I use HTX in the US?

No, you cannot legally use HTX in the US due to regulatory restrictions. It does not hold the necessary licenses to operate fully in the United States. Here, crypto exchanges must comply with strict federal and state regulations, including registration with the Financial Crimes Enforcement Network (FinCEN). 

While HTX once had a US presence through Huobi US, it ceased operations in 2019 due to compliance challenges. The platform’s terms of service now exclude US residents, and attempting to access it via VPN violates those terms, risking account suspension.

What is the withdrawal limit on HTX without KYC?

The withdrawal limit on HTX without KYC is 0.06 BTC per day for unverified accounts. HTX allows users to sign up and trade without identity verification, but this comes with restrictions to comply with anti-money laundering (AML) policies.

How does HTX work?

HTX works as a centralized cryptocurrency exchange where users trade, buy, and sell digital assets like Bitcoin and Ethereum. You start by creating an account, optionally completing KYC for full access, and depositing funds—either crypto or fiat via supported methods like bank cards. 

The platform offers spot trading for direct asset swaps, margin trading with borrowed funds (up to 5x leverage), and futures trading with up to 200x leverage for amplified positions. HTX calculates fees dynamically (e.g., 0.2% for spot trades, reducible with HTX tokens) and processes withdrawals to external wallets, charging network-based fees.

Is HTX legal in the UK?

No, HTX is not legal to use in the UK. Once, The FCA also issued a warning against HTX (and Huobi Global), stating that the firm is not authorized to promote financial services in the UK.

The post HTX Review 2025: Is it a Safe and Legit Exchange? appeared first on NFT Evening.

HTX Referral Code

$1,500 USDT Sign Up Bonus

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Code Valid: May 2025

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What is the HTX Referral Code?

The HTX referral code is a special promo code you enter when creating an account on the HTX exchange. The best HTX referral code is “xa8wb223” to get a free 1,500 USDT sign-up bonus and a 20% trading fee discount.

HTX uses these invite codes to grow its community. They encourage existing users to invite new people by offering rewards to both. You simply go to the HTX website, click “Sign Up,” and enter “xa8wb223” in the referral code field. After that, you start earning bonuses by completing tasks like depositing or trading.

HTX Bonus and Rewards

HTX offers a variety of bonuses when you use the referral code “xa8wb223“. You can earn up to 1,500 USDT by doing simple activities after signing up. These rewards come in steps, and each task has its own prize. Here’s how it works in detail:

1. Welcome Bonus (Up to $900 USDT)

• Sign-Up Bonus: You earn up to 200 USDT just for signing up with “xa8wb223.” It ranges from 1 to 200 USDT, depending on luck or conditions set by HTX.
• First Deposit Bonus: You get up to 200 USDT when you deposit at least 10 USDT. The reward varies between 0.5 and 300 USDT.
• First Spot Trade: You earn up to 300 USDT by making a spot trade of at least 10 USDT. Spot trading means buying and selling crypto directly.
• First Futures Trade: You receive up to 200 USDT for a futures trade of at least 100 USDT. Futures trading lets you bet on future prices. HTX supports up to 200x leverage in perpetual futures contracts.

2. Limited-Time Bonus (Up to $600 USDT)

• Single Futures Deposit: You gain up to 200 USDT by depositing 100 USDT or more into your futures account.
• Cumulative Spot Trading: You earn 198 USDT if your total spot trades reach 100,000 USDT within 30 days.
• Cumulative Futures Trading: You get 2 USDT if your total futures trades hit 1,000 USDT, plus 200 USDT when reaching 1,000,000 USDT futures trades within 30 days.

HTX Referral Code

$1,500 USDT Sign Up Bonus

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Code Valid: May 2025

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How to Find and Use HTX Referral Code?

Step 1: Create an HTX Account Using Referral Code

The first step is creating an HTX account with the referral code “xa8wb223”. You begin by visiting the official HTX website. The homepage has a “Sign Up” button – click it to start. You then enter your email address or phone number and create a strong password. The registration form includes a field labeled “Referral Code (Optional)”. This is where you type “xa8wb223” exactly as shown.

After filling in your details, HTX sends a verification code to your email or phone. You enter this code to confirm your account. Once done, you’re officially signed up. Using the xa8wb223 invite code ensures you qualify for the sign-up bonuses.

Step 2: Complete KYC Verification

HTX requires this to verify your identity and keep the platform secure. You start by logging into your new account. The dashboard has a “KYC L1” option under the profile icon. Click it to proceed. You need to provide your full name, date of birth, and address.

Next, you upload a photo of a government-issued ID, like a passport or driver’s license. HTX also asks for a selfie holding your ID to confirm it’s you. The process is straightforward and usually takes 10-15 minutes. HTX reviews your documents within 24 hours, and you get a confirmation email when approved.

Step 3: Complete Deposit and Trade Volume

The third step is making a deposit and hitting trade volume targets. You begin by going to the “Assets” section of your HTX account. Select “Deposit” and choose a cryptocurrency like USDT. HTX generates a wallet address – copy it and send at least 100 USDT from another wallet or exchange. The deposit arrives in your account within minutes, depending on the blockchain.

After depositing, you move to trading. The spot trading section lets you trade 10 USDT to earn up to 200 USDT in bonuses. You can buy Bitcoin or Ethereum, and then sell it back. For futures, you transfer 100 USDT to your futures account and trade it to earn up to 200 USDT. Larger goals, like 100,000 USDT in spot trades or 1,000,000 USDT in futures, unlock 200 USDT each. You have 30 days to finish these tasks.

Step 4: Claim HTX Sign-Up Bonus

The final step is claiming your HTX sign-up bonus. HTX tracks your progress automatically after you use “xa8wb223.” You check your rewards in the “Rewards Hub” section of the app or website. Each completed task – sign-up, deposit, spot trade, futures trade – credits 0.5 to 200 USDT to your account. The total can reach 1,500 USDT if you hit all targets.

HTX Referral Program

The HTX referral program lets you earn rewards by inviting friends. You get a unique referral link or code after signing up. You need to share your referral code with others, and when they join and trade, you earn rewards. HTX gives you a 30% commission on their trading fees for life. Plus, you and your friend can win Mystery Boxes worth up to 1,500 USDT each.

Here’s how it works:

• You share your referral code or link.
• Your friend signs up and logs into the HTX app within 14 days.
• You get a Mystery Box if they log in.
• You both earn two more Mystery Boxes each if they trade 200 USDT in spot or 300 USDT in futures within 14 days.

HTX Referral Bonus Terms & Conditions

The HTX referral bonus has rules you must follow to get your rewards. These terms ensure fairness and clarity. Here are the key points:

• You must use “xa8wb223” when signing up to qualify.
• All tasks (deposit, trades, etc.) must be completed within 30 days of signing up.
• Rewards vary (e.g., 0.5-200 USDT) based on HTX’s system or luck.
• Mystery Boxes require your friend to log in and trade within 14 days.
• HTX can change or cancel the program anytime without notice.

About HTX Crypto Exchange

HTX is a global crypto exchange founded in 2013 by Leon Li, originally named Huobi Global. It is based in Seychelles and serves over 45 million registered users across more than 160 countries. The exchange rebranded to HTX in 2023, reflecting its connection to Huobi, TRON, and its trading focus. 

The platform supports over 700 cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and its native HTX token. It offers various trading options, including spot trading, futures with up to 200x leverage, margin trading with 5x leverage, and trading bots. HTX processes a daily trading volume exceeding $4 billion. It also provides additional services like staking, crypto loans, and a peer-to-peer (P2P) marketplace for fiat-to-crypto trades in currencies like USD and EUR. The platform’s fees start at 0.2% for spot trading, with discounts for higher volumes.

HTX stores 98% of user funds in multi-signature cold wallets and conducts regular Proof of Reserves audits to ensure assets are fully backed. The exchange has licenses in regions like Lithuania, Dubai, and the British Virgin Islands. However, it restricts services in certain countries, including the United States, mainland China, and Singapore, due to regulatory reasons.

HTX Referral Code

$1,500 USDT Sign Up Bonus

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Code Valid: May 2025

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Final Thoughts

The HTX referral code “xa8wb223” is a fantastic way to earn rewards and start crypto trading. It gives you up to 1,500 USDT in bonuses for simple tasks like signing up, depositing, and trading. You also get to join a trusted platform with millions of users. The referral program adds more value by letting you earn from friends’ trades. 

HTX is secure, user-friendly, and packed with features, making it a top choice for crypto fans. For more sign-up rewards, check out our other guide on the Bybit referral code and Binance referral code. 

The post HTX Referral Code: xa8wb223 ($1,500 USDT Sign-Up Bonus) appeared first on NFT Evening.

You must understand the differences between the two types of crypto exchanges before you start trading. Both have their pros and cons. In this guide, we will be comparing CEX vs DEX to explore which is better for you.

What are Centralized Exchanges (CEX)?

Centralized Exchanges, commonly called CEXs, are online platforms where individuals can purchase, sell, or trade cryptocurrencies such as Bitcoin and Ethereum. These are managed by a single company or organization that oversees all operations, including your funds, trading activities, and security measures. 

To use a CEX, you create an account, deposit your money or cryptocurrency, and perform trades through their system. It’s similar to a traditional bank or stock market but designed for digital currencies. The company takes care of technical details, like connecting buyers with sellers, and stores your assets in its own wallets until you decide to withdraw. 

The best centralized crypto exchanges are Binance, Coinbase, MEXC, Bybit, Bitget, and Kraken.

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Advantages of CEXs

• Simple to operate: They have straightforward designs, making it easy for new users to start trading.  
• Quick transactions: Trades happen fast, so you don’t wait long to buy or sell.  
• Wide variety of choices: Many cryptocurrencies and trading pairs are available to pick from.  
• Support for users: If something goes wrong, customer service is there to assist you.  
• High trading volume: Lots of people buying and selling, which makes trades smoother and faster.  
• Additional benefits: Some offer extras like staking, lending, or earning interest on your holdings.

Disadvantages of CEXs

• Risk of hacks: They can be attacked by hackers, like the recent $1.4B Bybit hack, putting your funds in danger of being lost.  
• Limited control: You don’t fully manage your cryptocurrency; the exchange keeps it for you.  
• Higher costs: Fees for trading, depositing, or withdrawing can add up and feel expensive.  
• Less privacy: They often require personal details like ID, so your identity isn’t hidden.

What are Decentralized Exchanges (DEX)?

Decentralized Exchanges, or DEXs, let people trade cryptocurrencies directly. There’s no need for a middleman, like a bank. DEXs run on blockchain technology, which keeps transactions secure and transparent. They use smart contracts – self-running programs – to manage trades automatically. 

This ensures fairness and openness. Users keep control of their funds in their digital wallets instead of giving them to the exchange. DEXs have gained popularity for their privacy, security, and freedom from centralized control.

The best centralized crypto exchanges are Uniswap, PancakeSwap, Jupiter, and Raydium.

Advantages of DEXs

• User Control: You control the funds in your wallet. This cuts the risk of loss if the platform fails. You gain full ownership and peace of mind.
• Privacy: DEXs don’t ask for personal details. Your identity remains safe, which is great for those who want to stay anonymous.
• Security: There’s no central point to hack. This means your money is less likely to be stolen. Blockchain technology makes it hard for attackers to interfere.
• No Middleman: Trades happen directly between users. This eliminates fees and delays from third parties. It keeps transactions fast and cost-effective.
• Global Access: Anyone with internet can use a DEX, no matter where they are. It’s open to everyone without restrictions.

Disadvantages of DEXs

• Complexity: DEXs can be tough for beginners. Managing wallets and understanding blockchain adds technical steps. It’s not as easy as using regular crypto exchanges.
• Limited Features: They often lack tools like advanced trading options and customer support. Centralized platforms provide these, which can frustrate experienced traders.
• Lower Speed: Transaction speed relies on the blockchain, which can be slower than centralized systems. Delays may occur during busy times.
• Liquidity Issues: Some DEXs have fewer users. This makes it harder to find a trading partner. It can lead to poor prices or slow trades.

Key Differences Between CEX and DEX

Controlling entity or system

CEXs are governed by a single company or organization, holding full control over operations, including setting rules and managing infrastructure. This central authority enables quick decision-making but poses risks if the company fails, such as hacks or bankruptcy. Examples include Coinbase and Gemini, where the company can freeze accounts or change policies.

DEXs, conversely, use smart contracts on blockchains with no central entity. Governance is often through community votes or predefined code, offering autonomy and censorship resistance, aligning with blockchain’s decentralized ethos. However, resolving disputes can be challenging without a central authority, requiring community consensus or smart contract updates.

Custody of assets

In CEXs, users deposit funds into the exchange’s wallet, giving the exchange custody. This convenience, with high liquidity, was evident in past hacks like Mt. Gox, where 850,000 Bitcoins were lost. Users must trust the exchange’s security measures, such as cold storage.

DEXs let users retain control via their crypto wallets, connecting for trades via smart contracts. This reduces the risk of exchange failure but shifts security to users, with no recovery if private keys are lost.

Liquidity and concentration risk

CEXs offer high liquidity through centralized order books, attracting many traders and ensuring easy large trades without price impact. 

DEXs have lower liquidity because they rely on user pools, or AMMs, to distribute risk. While slippage can occur for big trades, it reduces concentration risk, with no single point of failure for user funds, though smart contracts can be vulnerable.

Range of crypto offerings

CEXs list a wide range of trading pairs, including major and minor coins, with quick listings after due diligence. This diversity appeals to traders seeking varied crypto assets supported by regulatory compliance.

Blockchain-limited DEXs, such as Ethereum’s ERC-20 tokens, provide a more limited selection, yet many new coins have already made their debut on CEXes. Some, like cross-chain DEXs, expand, but offerings remain restricted compared to CEXs, focusing on blockchain compatibility.

Supported Fiat currencies

CEXs allow fiat deposits and withdrawals, like USD or EUR, easing entry for new users using bank accounts or cards. DEXs focus on crypto-to-crypto trades, not supporting fiat, requiring users to first acquire crypto, aligning with decentralization.

Usability and accessibility

CEXs are user-friendly, have intuitive interfaces and support, are suitable for beginners, and involve KYC for security. Mobile apps and tools cater to diverse needs, enhancing accessibility.

DEXs require wallets and blockchain knowledge, with gas fees, which improves it for tech-savvy users. Despite their steeper learning curve, DEXs appeal to those who value control, making them less beginner-friendly.

KYC and privacy

CEXs require KYC for AML compliance, reducing privacy by collecting data and enhancing security but exposing users. This aligns with regulations but limits anonymity.

DEXs skip KYC, offering anonymity and aligning with privacy goals but lacking oversight and potentially being used for illicit activities, a concern noted by regulatory bodies.

Security

CEXs are common victims of hacks since they hold substantial sums of users’ funds in centralized wallets. If a CEX is hacked, users can lose their assets. DEXs minimize this threat since users store their funds in individual wallets. Nevertheless, they depend on smart contracts, which can be prone to bugs or exploits.

Trading Fees

CEXs tend to have higher fees since they offer services such as order matching, customer service, and fiat processing. They charge differently depending on the platform. DEXs tend to have lower trading fees, but they charge blockchain transaction fees (gas fees), which are expensive when the network is congested.

Operational Transparency

CEXs are private entities, so they do not necessarily have transparent inner workings. Their users have to hope that they are being fair with funds and trades. 

DEXs are completely transparent, as all trades happen on the blockchain. This feature provides the ability for anyone to audit trades and liquidity at any point.

Transaction Speeds

CEXs execute trades rapidly since they employ centralized servers to match and process orders. DEXs are based on blockchain transactions, which can be slower as a result of network traffic and block confirmation times. This makes CEXs ideal for high-speed trading, with DEXs potentially experiencing latency.

Adoption Rate

CEXs are more mainstream and are used by retail as well as institutional investors. They provide a traditional experience that is familiar to the users. 

DEXs are increasing in usage but are still less mainstream because they are complex in nature and do not support fiat. With DeFi growing, more users migrate toward DEXs for better control and anonymity.

Conclusion

Your requirements will ultimately determine whether you choose a DEX or a CEX. If you desire ease of use, high liquidity, and fiat support, then a CEX is preferable. It is simpler to use and provides quicker transactions. You will, however, have to trust the platform with your money and data.

If you like to have total control of your assets and enjoy privacy, a DEX is a better option. It is more secure and transparent but is technically demanding. Both options have pros and cons. Knowing these differences will enable you to determine which platform is best suited for your trading style and security needs.

FAQs

Which is better, CEX or DEX?

It depends on what you need. CEXs, like Binance, are better if you’re new to crypto. They’re easy to use, have lots of coins, and let you use USD or EUR to buy crypto. 

DEXs, like Uniswap, are good if you want control and privacy. You keep your funds in your cryptocurrency wallet, and no one asks for your ID. But they’re harder to use, are specific to a single blockchain mostly, and need some tech skills. If you like simple and fast, go with CEX. If you care about freedom and safety from big companies, pick DEX.

Is Coinbase a DEX or CEX?

Coinbase is a CEX, or a centralized exchange. It’s run by a company that controls everything – your trades, your funds, and the rules. You sign up, give your ID, and deposit money into their wallet. They make trading easy and fast, with lots of coins and fiat options like USD.

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Is it cheaper to buy on a DEX or CEX?

It’s not always clear-cut. CEXs, like Binance, charge higher fees – usually 0.1% to 1% per trade – because they run the platform and offer customer support services.  

DEXs, like SushiSwap, often have lower fees, sometimes just network costs, like Ethereum gas fees. But you need to pay gas fees, and this can get expensive when the network is busy, sometimes more than CEX fees. If you trade small amounts, DEX might be cheaper when gas is low. For big trades, CEX could save money because of steady fees and better liquidity.

What is a CEX wallet?

A CEX wallet is where your crypto is stored when you use a centralized exchange, like Kraken or Coinbase. When you deposit money or coins, the exchange keeps them in their CEX wallet, not yours. You don’t get a private key – you just see your balance on their platform.

Is Binance a DEX or CEX?

Binance is a CEX (Centralized Exchange). It is managed by a company, requires KYC verification, holds users’ funds in exchange wallets, and offers high liquidity. Binance also has a DEX version called Binance DEX, but the main platform operates as a centralized exchange.

The post CEX Vs DEX: Which Is The Better Crypto Exchange? appeared first on NFT Evening.

In this guide, we will give you the GRVT referral code to get airdrop points, explain how to use it, and walk you through the steps to maximize your rewards on this innovative platform.

GRVT Referral Code

Earn 10 points for GRVT Airdrop

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Code Valid: May 2025

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What is the GRVT Referral Code?

The best GRVT referral code is “KCN216H” to earn 10 airdrop points and a chance to win a zkSync Mystery Box as a sign-up bonus when you use this code. The platform is built on zkSync, ensuring secure, self-custody trading with zero counterparty risk. 

You enter the referral code during the sign-up process on the GRVT website. The platform confirms your eligibility for bonuses once you complete registration and meet basic requirements, like email verification. This system is designed to be simple, so even beginners can use it.

GRVT Bonus and Rewards

GRVT offers clear referral bonuses when you sign up with the referral code “KCN216H.” You get 10 ecosystem points immediately after registering with this code. These points contribute to future rewards, like airdrops of GRVT tokens. The exchange also gives you a chance to win a zkSync Mystery Box, which contains additional perks tied to the zkSync ecosystem.

The platform also allocates ZK tokens to the early users who join the open beta testnet. This bonus is separate from the referral rewards but shows GRVT’s focus on early adopters. You earn extra points by trading on the platform or inviting friends. 

For example, each friend you refer earns you more points, increasing your share of the airdrop. GRVT sets aside 20% of its token supply for the Genesis airdrop, with tokens released at the Token Generation Event (TGE) and monthly thereafter.

How to Find and Use a GRVT Referral Code?

The easiest place to find a GRVT referral code is the GRVT website (grvt.io), where the exchange sometimes lists active codes. You can also check GRVT’s official social media accounts. Or you can simply use our GRVT referral code KCN216H.

GRVT Referral Code

Earn 10 points for GRVT Airdrop

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Code Valid: May 2025

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Step 1: Visit the GRVT sign-up page to begin the process

The platform directs you to grvt.io/exchange/sign-up, where you access the registration form. You need a valid email address to proceed. The exchange keeps this step simple so you won’t face complicated barriers.

Step 2: Enter the GRVT referral code “KCN216H” during registration

The sign-up form includes a field labeled “Referral Code”. You must type the “KCN216H” invitation code exactly as shown, ensuring no extra spaces or errors. This code links your account to the referrer and unlocks bonuses like 10 ecosystem points. You submit the form after filling in your email and creating a password, then wait for a verification email.

Step 3: Complete email verification and KYC to activate rewards

GRVT sends you an email with a confirmation link. You click it to verify your account, then log in to finish the Know Your Customer (KYC) steps, like uploading an ID. The exchange requires this to ensure compliance and security. Once approved, you will see your 10 points credited and a chance to win a zkSync Mystery Box reflected in your dashboard.

Step 4: Track your rewards and explore further benefits

The platform provides a rewards dashboard after sign-up. You check it to confirm your points and Mystery Box entry. You can also generate your referral code to share, earning more points as friends join.

GRVT Referral Program

GRVT runs a referral program to encourage users to invite others. You sign up with the code “KCN216H” and receive your own unique referral code to share. The exchange rewards you with 10 points for each friend who joins using your code. Your friends also get 10 points, creating a win-win situation. The more people you invite, the more points you earn. Also,

• You receive 1 point for each USDT traded by someone you directly invite, provided they trade at least 100 USDT.
• You earn 1 point for every 10 USDT traded by someone invited by your direct invite if their trading reaches 100 USDT or more.

GRVT Referral Bonus Terms & Conditions

• You must use a valid GRVT referral code, like “KCN216H,” during sign-up to qualify for referral bonuses.
• The exchange credits your 10 points after you verify your email, complete KYC, and complete the trade.
• You earn airdrop rewards only if you join during the open beta or mainnet phase.
• The platform enforces compliance with local laws and accurate KYC details for eligibility.
• GRVT does not guarantee Mystery Box contents, and rewards may be capped if allocations are reached.

About GRVT Crypto Exchange

GRVT is a hybrid derivatives exchange launched by a team backed by Matter Labs, the creators of zkSync. It combines traditional finance tools with blockchain security. The exchange operates on zkSync Era, a layer-2 solution that reduces fees and speeds up transactions. GRVT secures $3.3 billion in monthly committed volume from market makers like Ampersan, IMC, Galaxy Trading, and Flow Traders.

The platform is the world’s first fully licensed DeFi exchange that prioritizes user safety and compliance. It offers 100% self-custody and eliminates counterparty risk, a common issue in centralized platforms. GRVT supports wallets like MetaMask, Ledger, WalletConnect, Coinbase Wallet, and its own GRVT Wallet, which uses an email-based setup for beginners.

You can trade crypto derivatives with 50x leverage now, and there are further plans to add money market funds, forex, and commodities later. The exchange provides low-cost trading with zero gas fees and deep liquidity. GRVT allows cross-margining and partial liquidation to manage risk effectively.GRVT has raised significant funding and focuses on a user-first approach. The exchange is still in its early stages, with an open beta testnet running as of today.

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Final Verdict

GRVT is the best DeFi exchange with a CEX like interface that bridges traditional finance and blockchain. The GRVT referral code “KCN216H” gives you an easy way to start with 10 points and a Mystery Box chance. You benefit from a secure, regulated platform that prioritizes self-custody and simplicity.

You should sign up today to take advantage of these bonuses. The platform is growing fast, and early users can get extra bonuses and airdrop points. You must use our GRVT invite code “KCN216H” now to earn points and join the next era of finance. For more rewards, you can also check out our other guide on the MEXC referral code bonus. 

The post GRVT Referral Code “KCN216H’ and Sign-up Bonus appeared first on NFT Evening.

This guide will explore what the Hyperliquid referral code is, its benefits, and how to use it to get rewards and trading fee rebates.

Hyperliquid Referral Code

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Code Valid: May 2025

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What is Hyperliquid Referral Code?

Hyperliquid referral code is a unique promo code, like “NFTE”, that you can use when signing up on the Hyperliquid platform. It gives you a 4% discount on trading fees for life, meaning every trade you make costs less forever. 

The exchange uses these codes to reward users and grow its community. You benefit by saving money, while the person who shared the code might earn a small bonus from your trading activity.

Hyperliquid Bonus and Rewards

Hyperliquid offers solid rewards through its referral system. You get a 4% lifetime discount on trading fees when you use the referral code “NFTE”.

If you refer someone, you earn 10% of their trading fees for their first $1 billion in volume, minus any discounts they get. It’s a win-win: you save, and referrers earn. Hyperliquid keeps it fair and straightforward, so everyone benefits.

Hyperliquid Referral Code

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Code Valid: May 2025

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How to Find and Use Hyperliquid Referral Code?

1. Find a referral code easily: You can use the “NFTE”, which we are sharing here, or get one from a friend on the platform. The official site (app.hyperliquid.xyz) also gives you referral codes after you hit $10,000 in trading volume.
2. Visit the signup link: You go to app.hyperliquid.xyz/join/NFTE to start the process with the code “NFTE” ready to apply.
3. Connect your wallet: The platform asks you to link a Web3 wallet, like MetaMask or Coinbase Wallet, for quick access.
4. Sign up and activate the code: You register, and “NFTE” automatically gives you a 4% lifetime discount on trading fees.
5. Deposit USDC to trade: You add funds via the Arbitrum network—no KYC needed—and start trading fast.
6. Check your discount: You can now confirm that the 4% fee reduction is active on your dashboard and save from your first trade.

Hyperliquid Referral & Affiliate Program

The Hyperliquid referral program allows you to share the referral link with others and earn rewards like 10% of their trading fees for their first $1 billion in volume. The platform lets you create your own referral code once you’ve traded $10,000.

You can share your link on X, with friends, or in trading groups. The more people you refer, the more you earn, especially if they’re active traders. Your code is permanent, so pick a good one – you can’t change it later.

Hyperliquid Referral Bonus Terms & Conditions

• You receive a 4% fee discount with a referral code. The discount applies to your trading fees when you use the code “NFTE,” but it’s limited to your first $25 million in trading volume.
• Referrers earn 10% of your fees. The person who referred you gets 10% of your trading fees, adjusted for your discount, up to your first $1 billion in volume.
• Discounts don’t apply to vaults or sub-accounts. The platform treats these as separate entities, so your 4% savings only work on your main account trades.
• You need $10,000 in volume to create a code. The exchange requires you to trade this amount before you can generate your referral code.

What is Hyperliquid Exchange?

Hyperliquid is a top-tier, decentralized perpetual futures exchange. It runs on its Layer 1 blockchain, delivering trades in under 1 second with low gas fees. The platform offers up to 50x leverage and supports over 110 assets like BTC, ETH, SOL, and SUI. The exchange handles over $1 billion in daily volume.

You control your funds with no intermediaries, and there’s no KYC required – just connect your wallet and go. The platform charges low taker fees of 0.035% and 0.01% maker fees. You also get advanced tools like stop-loss orders and customizable margins, all on-chain.

Read our in-depth guide to learn what Hyperliquid is and how it works.

Hyperliquid Referral Code

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Final Thought

Hyperliquid stands out as the top decentralized futures exchange, and our exclusive Hyperliquid promo code “NFTE” adds even more value. You save 4% on fees for life. The platform stands out with its speed, low costs, and high leverage, all wrapped in a secure, decentralized package. You can jump in easily with a quick sign-up process, use the code, and start trading digital assets with referral rewards from day one.

The post Hyperliquid Referral Code 2025: NFTE (4% Trading Fee Discount) appeared first on NFT Evening.

In this guide, we’ll explain what a CEX is, trace its origins, and outline the pros and cons of using one. Unlike peer-to-peer or decentralized platforms, CEXs handle transactions on behalf of users, verifying identities and storing funds in their own wallets.

What is a CEX?

A centralized exchange (CEX) is a platform where individuals can trade digital assets like Bitcoin or Ethereum using services provided by a central authority. Instead of interacting directly on a blockchain, users rely on the exchange’s internal order books and matching engine.

This structure usually translates to faster transactions and a smoother user experience, aided by features such as fiat currency deposits, automated trade matching, and technical analysis tools. Also, most CEXs follow strict anti-money laundering (AML) and know-your-customer (KYC) procedures, requiring photo IDs or personal data to meet regulatory obligations.

Top Centralized Cryptocurrency Exchanges

Several well-known centralized exchanges lead the market, and they also tend to be the best crypto exchanges out there, all things considered.

Binance stands out for its huge variety of trading pairs, high liquidity, and competitive fees.

User Score

10

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Coinbase appeals to beginners with its polished interface and wide brand recognition, while Kraken emphasizes strong security and an extensive global presence.

History of Centralized Exchanges

Centralized exchanges trace their origins to the early days of Bitcoin, when online forums and OTC trades gradually gave way to official trading sites, like Mt. Gox. Though centralization wasn’t without its hiccups, and Mt. Gox in particular, was the victim of one of the largest crypto thefts in history.

Regulatory scrutiny eventually increased, prompting exchanges to refine their compliance strategies and security measures. Over time, advanced order types, margin trading, and global liquidity pools became standard on major CEXs.

Key Features of Centralized Exchanges

• Custodial Wallets: Users store assets in the exchange’s internal wallets, simplifying transactions but shifting responsibility for security to the platform.
• KYC Processes: Exchanges require personal documents and identity checks, aligning with anti-money laundering rules in many regions.
• Single Governing Entity: A centralized team or company operates the service, maintaining order books, deposit systems, and user interfaces.
• Varied Trading Pairs: Centralized exchanges typically list multiple trading pairs, including crypto-to-fiat and crypto-to-crypto, supporting broader liquidity.
• Advanced Order Types: Tools like limit orders, stop losses, and margin trading often come standard, catering to seasoned traders.
• Customer Support: Many CEXs feature 24/7 help desks, ticket systems, or live chats for resolving issues and queries.

Centralized vs. Decentralized Crypto Exchanges

Centralized Exchanges

CEXs operate under a single entity, storing user funds and managing trades off-chain. Users enjoy straightforward deposit methods, advanced trading tools, and robust liquidity pools.

Decentralized Exchanges

Unlike centralized exchanges, DEXs rely on smart contracts for peer-to-peer trading, letting users retain custody of their private keys. While DEXs offer higher autonomy and fewer entry barriers, they can suffer from lower liquidity and slower transaction times.

Pros & Cons of Centralized Exchanges

Pros of Centralized Exchanges

• User-Friendly Interface: Clear dashboards and charts simplify trading for beginners.
• High Liquidity: Large user bases yield robust order books and fast matching.
• Advanced Tools: Many CEXs offer margin trading, stop-limit orders, and staking.
• Customer Support: Teams often provide 24/7 help for account or transaction issues.

Cons of Centralized Exchanges

• Custody Risk: Users sacrifice direct control over private keys.
• Security Breaches: High-profile hacks can target centralized platforms.
• Regulatory Constraints: Strict KYC rules or geographic restrictions might apply.

Considerations to Use a Centralized Exchange Securely

• Enable 2FA: Always add two-factor authentication for login and withdrawals.
• Limit On-Exchange Funds: Store large balances in personal wallets, reducing exposure if a breach occurs.
• Check URLs and Apps: Confirm official domain names or app sources to avoid phishing.
• Keep Software Updated: Maintain the latest OS and antivirus for safer access.
• Know Withdrawal Policies: Understand minimum thresholds, potential fees, and any cooldown periods.

Conclusion: Should you use CEXs?

Centralized exchanges remain popular for their convenience, liquidity, and beginner-friendly features. Users who value straightforward deposits and curated trading options often turn to a reputable CEX. Still, relinquishing private key control poses risks. Balance the advantages of easy access against security concerns, and if needed, keep only minimal funds on the platform.

FAQs

What is an example of a centralized exchange?

Binance, Coinbase, and Kraken are major examples. Each operates under a central entity that handles order books and custody.

What is the difference between centralized and decentralized exchange?

Centralized exchanges hold users’ assets and manage trades internally, while decentralized exchanges let users maintain custody and buy and sell them via peer-to-peer contracts.

Is Coinbase a centralized exchange?

Yes. Coinbase is a well-known US-based CEX that stores user assets, requires KYC, and manages trades via a central order system.

Is Robinhood a centralized exchange?

Robinhood, though not a pure crypto exchange, follows a central model where user funds are controlled by the company’s brokerage structure.

What are the top centralized crypto exchanges?

Platforms like Binance, Coinbase, Kraken, and KuCoin consistently rank as top CEXs, each for crypto assets with sizable liquidity and diverse features.

The post What is a Centralized Exchange (CEX)? appeared first on NFT Evening.

This guide will help you choose the best crypto exchange in Nigeria, considering factors like security, fees, volume, and ease of use. We will also address local regulations, how to register for an exchange, and what to look for when selecting a platform. Whether you are a first-time Bitcoin buyer or an advanced trader seeking margin features, you need to find the right trading platform to start trading confidently.

List of the Best Crypto Exchanges in Nigeria

1. Binance: Overall best crypto exchange in Nigeria
2. Bybit: Best derivatives trading platform 
3. Bitget: Best crypto copy trading platform in Nigeria
4. Coinbase: Best crypto exchange for beginners
5. Luno: Regulated Crypto Exchange in Nigeria
6. Quidax: Best Nigerian exchange with direct NGN support
7. Kraken: Safest crypto exchange in Nigeria
8. KuCoin: Best P2P trading platform for Nigerian traders

Comparison of Best Nigerian Crypto Exchanges

Top 8 Crypto Exchanges in Nigeria – Detailed Reviewed

1. Binance – Best Crypto Exchange in Nigeria 

Source: Binance.com

Binance ranks among the largest and best crypto exchanges globally. It also remains a key choice in Nigeria for several reasons. First, it offers a robust P2P marketplace that allows Nigerian traders to buy and sell various digital assets directly from each other using local payment channels like bank transfers or mobile money. Binance’s spot market lists hundreds of tokens, with high liquidity that reduces slippage on large orders.

The exchange adopts a tier-based fee schedule, typically starting from 0.1% per trade, but advanced users can lower these costs by staking BNB tokens or meeting higher trading volumes. Binance also features advanced trading tools, futures markets, and staking opportunities, which can appeal to more experienced individuals seeking to diversify trading strategies.

When it comes to security, Binance implements two-factor authentication, withdrawal address whitelisting, and a dedicated insurance fund known as SAFU. However, some Nigerian users find the verification process lengthy and must navigate occasional regulatory hurdles.

Pros

• Largest crypto exchange by trading volume
• Low fees (starts at ~0.1%)
• Huge selection of cryptocurrencies
• Robust security

Cons

• Regulatory scrutiny in some regions
• Can be overwhelming for beginners
• Limited fiat deposit methods in Nigeria

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2. Bybit – Best Derivatives Trading Platform 

Source: Bybit.com

Bybit attracts crypto traders largely for its futures and derivatives offerings, but it has grown to include spot trading, staking, and other functionalities. Nigerian users who enjoy short-term speculation or hedging strategies might benefit from the platform’s quick matching engine and numerous order types.

While Bybit does not always provide direct naira deposit channels, many Nigerian traders utilize peer-to-peer transfers or stablecoins to bridge the currency gap. Bybit’s fee model often rewards active participants, with maker fees possibly dipping below taker fees if your 30-day volume is substantial. For security, Bybit mandates identity verification at higher tiers, uses offline cold storage for a large portion of user funds, and enforces multiple layers of withdrawal protection.

Bybit stands out among Nigerian traders who prize extensive derivatives options, relatively low fees, and an interface streamlined for higher-volume trading.

Pros

• No KYC required for basic trading
• Competitive trading fees
• Strong futures and derivatives market
• Fast order execution and deep liquidity

Cons

• Limited fiat on-ramp options for Nigerian users
• Not beginner-friendly due to advanced trading tools

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3. Bitget – Best Copy Trading Platform in Nigeria

Source: Bitget.com

Bitget has rapidly gained recognition for its derivatives market, including futures and options, as well as its growing spot trading segment. For Nigerian traders who enjoy advanced financial products, Bitget offers a quick and stable trading interface, with leverage options on many major cryptocurrencies. Even though direct naira deposits are limited, users can top up accounts via stablecoins or international payment channels, and then exchange them for BTC, ETH, and a roster of altcoins.

Beyond standard spot and futures, Bitget also has advanced trading features and copy trading, which lets newcomers shadow the moves of more experienced investors. This function can shorten the learning curve for individuals new to sophisticated strategies. Occasionally, promotions or volume-based discounts can reduce these rates further.

Security-wise, Bitget enforces measures such as cold storage of funds, withdrawal address whitelisting, and mandatory two-factor authentication for high-volume activities. Overall, Bitget stands out for traders who prioritize derivatives and would like an interface supportive of automated strategies, although direct NGN deposit features remain less comprehensive than on some competitor exchanges.

Pros

• Low trading fees
• Social copy trading feature for beginners
• Supports a variety of altcoins
• Strong security features

Cons

• Lower liquidity compared to Binance and Bybit
• Limited fiat deposit options for Nigerians

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4. Coinbase – Best Crypto Exchange for Beginners

Source: Coinbase.com

Coinbase is known worldwide for its friendly user interface, making it a favorite trading platform among beginners. Nigerian traders can sign up for an account and purchase mainstream coins like Bitcoin, Ethereum, and selected altcoins. However, the main challenge often lies in funding methods, as Coinbase does not always provide direct naira deposit options. Instead, many Nigerians rely on credit cards, stablecoins, or alternative cross-border channels.

Coinbase’s advantage is the streamlined interface, which clearly shows balances, transaction histories, and easy buy/sell buttons. The simplicity helps first-time crypto users overcome intimidation by complicated market data. On fees, Coinbase can be pricier than some competitors, especially when using cards to buy and sell crypto. Trading on Coinbase Advanced reduces costs slightly, but it requires shifting funds to that environment.

Security is one of Coinbase’s strong suits, featuring offline cold storage for most user assets, robust 2FA, and more. Overall, Coinbase suits Nigerian newcomers who don’t mind alternative deposit paths and prioritize a polished, no-frills experience.

Pros

• Beginner-friendly interface
• Highly regulated and trusted exchange
• Strong security features and insurance for digital assets
• Easy fiat deposit and withdrawal options

Cons

• Comparatively high fees
• Limited selection of altcoins compared to other exchanges
• Not ideal for advanced traders

User Score

9.8

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5. Luno – Regulated Crypto Exchange in Nigeria

Source: Luno.com

Luno stands out as a long-standing platform that focuses on emerging markets, including Nigeria. From its inception, Luno has offered a user-friendly interface geared toward people transitioning from traditional finance to digital assets. Nigerian traders can often deposit and withdraw naira directly through bank transfers or local payment solutions, making this a convenient exchange in a market where fiat on-ramps can be tricky.

While the range of coins is somewhat limited, typically including Bitcoin, Ethereum, and a handful of select altcoins, Luno’s objective is to provide a stable environment rather than chase the latest hype tokens. The exchange keeps fees transparent, with a straightforward structure for spot trades. Many appreciate Luno’s built-in wallet, though high-volume traders or those demanding advanced charting might wish for more extensive trading tools.

Customer support is among Luno’s biggest selling points, with local staff handling common deposit or withdrawal issues that arise in Nigeria’s banking context. Security-wise, Luno employs cold storage, 2FA, and systematic risk checks to protect user assets. Although it may lack the advanced features found on global giants, Luno’s reliability, direct fiat acceptance, and straightforward design make it a go-to for newcomers as well as intermediate crypto enthusiasts in Nigeria.

Pros

• Easy-to-use platform for Nigerian traders
• Supports direct Naira deposits and withdrawals
• Offers savings accounts for crypto assets

Cons

• Limited number of supported cryptocurrencies
• Higher trading fees compared to other global exchanges

6. Quidax – Best Nigerian exchange with direct NGN support

Source: Quidax.com

Quidax bills itself as an African-focused exchange, deliberately streamlining processes such as naira deposits and withdrawals. Quidax’s interface caters to those who prefer direct buy and sell features, but it also accommodates limit orders for more seasoned traders. Popular coins like BTC, ETH, and stablecoins are well-supported, although the range of altcoins remains moderate compared to massive global platforms.

Fees on Quidax are competitive, particularly for standard spot trading. Deposits via bank transfer or similar local payment services often carry minimal or no fees, making it easier for Nigerians to move money in and out. P2P transactions can be part of the Quidax experience as well, though the main allure lies in the official integration with regional banking networks.

Quidax enforces KYC requirements in compliance with anti-money laundering protocols and uses both cold storage and 2FA for user accounts. While it is not as well-known globally, Quidax shows that localized approaches can offer better user experiences for a niche like the Nigerian market. This localized perspective is likely its strongest differentiator.

Pros

• Specifically designed for African crypto traders
• Supports direct Naira deposits and withdrawals
• User-friendly interface

Cons

• Limited crypto selection
• Smaller liquidity compared to global exchanges

7. Kraken – Safest Crypto Exchange in Nigeria

Source: Kraken.com

Kraken has long established itself as one of the most security-minded and regulation-conscious exchanges on the market. One potential drawback for Nigerians is that Kraken does not always offer direct support for naira deposits, and this availability fluctuates somewhat unpredictably. Users often resort to converting NGN into a major currency like USD or EUR through third-party methods, then funding their Kraken account.

Once the funds arrive, they can trade on Kraken’s relatively low-fee structure, which uses a maker-taker model starting around 0.16 percent for makers and 0.26 percent for takers. Kraken’s reputation for strong security includes features like two-factor authentication, withdrawal address locks, and its own proof-of-reserve transparency.

While users from Nigeria may have to jump through a few extra hoops for fiat deposits, the platform’s stability, liquidity, and advanced tools make it worthwhile for committed traders who prize reliability.

Pros

• One of the oldest and most reputable exchanges
• High security and regulatory compliance
• Low trading fees

Cons

• Complex interface for beginners
• Limited fiat deposit options for Naira

User Score

9.8

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8. KuCoin – Best P2P trading platform for Nigerians

Source: Kucoin.com

KuCoin is one of the top P2P trading platforms in Nigeria. It offers both spot trading and derivative products like futures and leveraged tokens. Nigerians often turn to KuCoin for its trading features and broad variety of altcoins, including many lower-market-cap projects not found on mainstream exchanges. The interface strikes a balance between newcomer accessibility and deeper functionalities such as limit, stop, and margin trades for more sophisticated users.

KuCoin operates a P2P market with multiple stablecoin ramps. Fees tend to be tier-based, with maker and taker fees typically starting at 0.1%. Regular promotions or staking opportunities can further reduce costs. Security includes a combination of cold storage, multiple authentication layers, and specialized anti-phishing tools.

The platform’s customer support has improved over time but may still rely largely on ticket-based systems. Overall, KuCoin suits those seeking broader token exposure and flexible trading options, but fiat currency conversions in Nigeria’s banking environment may require some creativity.

Pros

• Massive selection of cryptocurrencies
• No mandatory KYC for small transactions
• Offers futures, staking, and lending services

Cons

• Not fully regulated in some jurisdictions
• Limited fiat deposit options for Nigerian traders

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How to Choose a Nigerian Crypto Exchange?

Finding the best crypto exchange in Nigeria requires balancing fees, coin availability, security, and local regulations. You might put a higher value on certain features than others: some value a wide selection of altcoins, while others need easy naira deposits. Take a look at the key elements to weigh.

Trading Fees

Start by looking at the platform’s fee structure. Is it a maker-taker model that rewards adding liquidity, or does it charge a flat rate on each trade? Keep an eye out for hidden extras, such as deposit costs or crypto withdrawal fees.

High-frequency traders should look for tiered discounts that reduce overhead, while occasional buyers may prioritize convenience over marginal fee differences.

Available Cryptocurrencies

If you only plan on holding major assets like Bitcoin or Ethereum, nearly any exchange will do. However, if you want exposure to niche altcoins or DeFi tokens, stick to an exchange listing a wide range of coins. Some platforms focus on mainstream cryptos, while others specialize in new or less-known tokens. The more pairs you have access to, the easier it becomes to diversify or seize market opportunities.

Payment Methods

Nigerian traders often deal with strict banking rules, so verifying deposit and withdrawal options is essential. Platforms like Luno or Quidax may allow direct NGN bank transfers, while others rely on P2P transactions or stablecoin deposits.

Credit card and e-wallet integrations can also be handy, but watch out for high surcharges. Confirm processing times, daily limits, and whether the exchange charges extra for specific payment methods to avoid surprises when funding your account.

Security measures

Security stands paramount in the crypto space. Look for 2FA, cold storage of funds, and robust account activity logs that spot suspicious behavior. Exchanges like Kraken emphasize advanced security protocols, while others offer insurance pools for user assets. Check if the exchange provides the option to whitelist withdrawal addresses, which provides an additional layer of defense.

Accessibility

Make sure the platform’s interface suits your trading preferences—some sites present simpler buy/sell buttons, while others feature sophisticated dashboards full of real-time data. Also, test whether the exchange has a mobile app if you want to trade on the go.

On top of that, consider whether the website or app runs smoothly on your devices and internet connection. High-latency or unresponsive interfaces can mean missed opportunities, especially if you plan on rapidly adjusting orders.

Liquidity of Crypto Assets

Liquidity impacts how quickly and at what price you can buy or sell. Exchanges with deep liquidity generally have tighter spreads, reducing the cost of trading. A less liquid platform might subject you to slippage on larger trades or slow order execution.

Liquidity also correlates with trading volume: the higher the volume, the more predictable the order book. Review daily volume stats for your chosen tokens before executing big buys or sells.

Support

Customer service can be vital if deposits get stuck or your account faces a security flag. Check whether an exchange offers live chat, email, or phone support and whether they post average response times. Some platforms maintain community forums or social media channels that can accelerate problem-solving.

Be wary of those with a history of unresponsive or unhelpful support, as resolving issues under time pressure can be crucial in the fast-moving crypto market.

User Interface

A cluttered layout might deter newcomers, while advanced traders often need robust charting packages or multiple order types. Inspect screenshots or sample the exchange’s demo (if available).

If you struggle to locate essential functions like deposit pages or trade execution, that confusion might cost you real money in the future. A good user interface should strike a balance: enough depth for complex tasks but not so busy that it intimidates less experienced traders.

Regulatory compliance

With Nigeria’s evolving stance on digital assets, it is wise to pick an exchange that respects local and international guidelines. Compliant platforms request thorough KYC checks and cooperate with financial authorities, enhancing trust. Although compliance can involve additional steps—like identity verification—it also helps safeguard user funds and clarifies the exchange’s legitimacy.

Confirm whether the platform can handle NGN deposits legally, or if it uses P2P or third-party partners to circumvent restrictions.

Types of Crypto Exchanges

Not all exchanges are built the same, and Nigerian users may find one type more appealing than another. Centralized exchanges (CEXs) typically operate under a company that manages order books, user accounts, and often custody of funds.

On the other hand, decentralized exchanges (DEXs) run using smart contracts rather than centralized servers. Users retain control of their private keys, which reduces hacking risks but can introduce complex interfaces.

Peer-to-peer exchanges are another type, letting buyers and sellers negotiate trades directly, sometimes with escrow services. Many Nigerians use P2P platform to deposit naira without the bank friction that arises from direct transactions.

How to Buy Crypto & Bitcoin in Nigeria

1. Choose a Cryptocurrency Exchange: Identify an exchange that suits your needs by checking fees, coin availability, and deposit options for Nigerian traders.
2. Register & Verify Your Account: Create an account by submitting an email address or phone number and setting a strong password. Most exchanges require KYC, asking for an ID document and, in some cases, a selfie or proof of address. This verification can unlock higher deposit or withdrawal limits.
3. Secure the Account: Enable features like 2FA to protect your login better. Some platforms also allow address whitelists for withdrawals.
4. Deposit Funds: Transfer local currency through bank or P2P channels, or deposit crypto from an external wallet.

Nigerian Crypto Regulations

Nigeria’s approach to cryptocurrency has evolved over time, often reflecting the Central Bank of Nigeria’s desire to maintain financial stability. In early 2021, the central bank reiterated a directive to local banks to avoid facilitating direct crypto transactions.

Since then, many major exchanges have relied on P2P solutions or alternative methods to allow Nigerians to fund cryptocurrency trading accounts. Despite these constraints, the crypto ecosystem continues to grow, largely driven by individuals looking to bypass inflation, partake in international markets, or send remittances efficiently.

The regulatory environment in 2025 is still subject to ongoing discussions. Lawmakers and financial authorities seek to balance consumer protection with the pursuit of innovation. Officially, banks may be hesitant to clear direct naira-to-crypto deposits, so you often find that regulated exchanges either use P2P channels or stablecoin conversions.

Although not strictly illegal, cryptos in general remain in a somewhat gray area for some banking processes. That said, the local tech community and high youth adoption rates could encourage more relaxed guidelines eventually.

Can You Use Nigerian Debit or Credit Cards to Buy Crypto?

This option can be limited, largely due to central bank policies. Some international exchanges allow card payments, but they might be processed as foreign transactions or flagged by local banks. Many Nigerian traders prefer P2P marketplaces, where a buyer can transfer NGN to a seller’s bank account. If you do attempt a card deposit, confirm the exchange’s policy and any associated fees, since they may be higher than local alternatives.

How is Crypto Taxed in Nigeria?

Nigeria has no fully developed crypto tax framework, but general business or capital gains principles can apply. If you realize profits from trading or digital asset investments, you might owe taxes on that income. Federal and state authorities vary in enforcement, and many individuals remain unclear on precise guidelines. To avoid surprises, keep detailed records of trades, deposits, and withdrawals. Seeking counsel from an accountant or closely monitoring announcements from policy-makers is wise.

Conclusion

Finding the best crypto exchange in Nigeria centers on identifying which platform meets your priorities: straightforward NGN deposits, robust security, a large coin selection, or advanced derivatives. Despite the regulatory hurdles, a variety of choices exist, from local players like Luno or Quidax to global giants like Binance or Bybit.

Be sure to verify deposit methods, user protections, and any fee structures before taking the plunge. That way, you’ll be in the best possible position to make informed choices about your next crypto move.

FAQs

Is cryptocurrency legal in Nigeria?

Crypto trading itself is not outright banned, though local banks face restrictions on direct transactions. Most Nigerians use P2P platforms or stablecoins to manage fiat on-ramps.

Are There Bitcoin ATMs in Nigeria?

Bitcoin ATMs are rare in Nigeria, making them one of the rarer ways to buy Bitcoin. A few exist in major cities, but most activity occurs through exchanges or P2P markets, given local banking limitations on crypto transactions.

Can i use Coinbase in Nigeria?

Coinbase exchange is not listed as available in Nigeria due to regulatory issues and regional restrictions. This means that Nigerians might have limited access to its features, such as buying, selling with fiat currency (Naira) or direct NGN deposits/withdrawals through the platform.

Which crypto wallet is best for Nigeria?

Wallet choice depends on your desired functionality, but there are some recommended crypto wallets. Offline hardware wallets like Ledger remain highly secure, while user-friendly mobile wallets such as Trust Wallet or MetaMask also see wide adoption.

Which crypto app has p2p in Nigeria?

Binance, KuCoin, and some local platforms like Luno or Quidax feature P2P marketplaces. These P2P platforms let users trade crypto to fund accounts or buy crypto by exchanging fiat directly with other traders.

How Can I Buy Bitcoin in Nigeria?

To buy crypto and Bitcoin in Nigeria, you need to register on an exchange supporting Nigerian deposits, complete KYC, and deposit NGN via bank transfer, P2P, or a stablecoin route. Then, place a buy order for BTC or another cryptocurrency that you like in the spot or P2P section.

The post 8 Best Crypto Exchanges in Nigeria for 2025 appeared first on NFT Evening.

Here, we’ll dig into the best crypto exchanges available in NZ, so you can find the right one for your needs. We’re going to look at their pros and cons, along with a brief rundown of regulatory considerations. By the end, you will be prepared to pick an exchange that offers seamless trading, reliable customer support, and compliance with New Zealand’s financial rules.

List of the Best Crypto Exchanges in New Zealand

1. MEXC: Best for variety of altcoins and specialized trading pairs.
2. Bybit: Best for advanced derivatives trading and competitive fee structures.
3. Binance: Best for global liquidity and wide range of assets.
4. Swyftx: Best for bridging fiat on-ramps with easy local NZD deposits.
5. Coinbase: Best for beginners, with accessible interface and trusted brand.
6. Independent Reserve: Best for regulated compliance and local users.
7. Easy Crypto: Best for streamlined trading without overwhelming trading options.
8. Crypto.com: Best for integrated products such as Visa cards, staking, and NFT marketplace.

Comparison of Best Crypto Exchanges in NZ

Comparing one crypto platform to another can get confusing fast. So to help, we’ve done the legwork and dropped a table below, comparing key features among the eight exchanges discussed, focusing on factors such as fees, deposit methods, supported cryptos, and user-friendliness. This snapshot can help narrow down your choices based on what matters most to you.

Top 8 Crypto Exchanges in New Zealand – Detailed Reviewed

1. MEXC

Source: Mexc.com

MEXC is a globally recognized crypto trading platform known for its deep selection of altcoins and tokens, often listing them earlier than many competitors. This broad availability attracts enthusiasts who aim to diversify beyond mainstream assets like Bitcoin and Ethereum.

MEXC also supports margin and futures markets, making it suitable for traders looking for more complex strategies. Despite its sophisticated offerings, new users can navigate the exchange with a clear layout, allowing them to buy and sell digital currency without feeling overwhelmed.

While MEXC has not been specifically built for New Zealand dollars, Kiwi traders can deposit funds through several payment methods or crypto transfers. Certain on-ramp services, such as third-party providers, may charge extra fees, so it is wise to compare costs.

As with many international exchanges, MEXC complies with basic KYC and anti-money laundering requirements, meaning you must verify your identity for large transactions or withdrawals. The platform also includes features like staking, a robust reward center, and frequent promotional events that can benefit active traders.

MEXC places a strong emphasis on security, implementing two-factor authentication and strict account monitoring to guard against suspicious activities. That said, it is always recommended to store large holdings in a separate wallet you control. Overall, MEXC offers Kiwi traders a vast range of trading pairs and advanced tools, appealing to both curious newcomers and those seeking high-volume altcoin trading.

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2. Bybit

Source: Bybit.com

Bybit has gained traction among traders for its derivative products, leveraged contracts, and competitive fee schedule. Although it began largely as a derivatives-focused exchange, Bybit has broadened its offerings to include spot trading, staking, and various other crypto services.

Because it can handle large volumes of futures and margin trades, Bybit is especially appealing to advanced traders who want to pursue short-term speculation or hedge existing positions. The exchange’s sleek interface displays real-time order books, advanced charting, and other data that experienced traders often seek.

Kiwi users looking to deposit New Zealand dollars may need to rely on wire transfers or convert to stablecoins first. Bybit’s deposit and withdrawal fees vary, and the platform sometimes runs promotions that waive certain costs.

While Bybit historically required minimal KYC, it has gradually implemented stricter identity checks in compliance with evolving regulations. This can be a positive step toward building user trust, but it also means Kiwi investors must be prepared to complete some personal verification before fully accessing higher-tier features.

One of Bybit’s standout aspects is its emphasis on fast matching engines and minimal downtime. That reliability is crucial, especially for anyone trading high-leverage contracts. Bybit also offers insurance funds to help manage risks from massive liquidations. Traders, however, should remain cautious and fully grasp the risks of leveraged products. For those who understand derivatives, Bybit can be an appealing choice for buying, selling, or managing crypto.

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3. Binance

Source: Binance.com

Binance is a worldwide leader in cryptocurrency trading, boasting one of the highest daily trading volumes and extensive offerings across spot, futures, margin, and staking. It is a favorite for many traders seeking access to hundreds of assets, including exotic altcoins.

The platform’s interface can be tailored to user experience levels, with a streamlined mode for newcomers and an advanced mode for professional traders. Several built-in tools, such as charting, real-time market data, and order types, help traders execute strategies effectively.

For New Zealanders, Binance offers flexible deposit and withdrawal methods, though direct New Zealand dollar support may be limited at times. Often, users will deposit another fiat currency or stablecoins, and then begin trading. Binance includes perks like Binance Earn, an area to stake or lend crypto for passive income.

On top of that, the exchange has launched its own blockchain solutions (BNB Chain) and a vast ecosystem that covers NFTs, gaming, and more, which can be a draw for enthusiasts wanting an all-in-one crypto hub.

While Binance is recognized for its competitive fee structure and liquidity, it continues to face compliance challenges in certain jurisdictions. As a result, the platform has introduced region-specific versions, each with varying KYC steps and permissible features. Security remains a major focus, supported by measures like two-factor authentication and a SAFU (Secure Asset Fund for Users) that covers losses in extreme scenarios.

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4. Swyftx

Source: Swyftx.com

Swyftx is an Australia-based exchange that offers friendly services to New Zealand customers. It offers a smooth way to buy, sell, and trade crypto with NZD support. The platform’s straightforward user interface caters to newcomers by presenting a simplified dashboard and clear real-time price charts.

Swyftx also aggregates liquidity from multiple exchanges in the background, sometimes resulting in more favorable rates. Because the platform prioritizes ease of use, depositing with local bank transfers or even PayID (through its Australian roots) can be convenient.

While Swyftx may not list as many altcoins as some global giants, it covers the most popular assets, including Bitcoin, Ethereum, and various other leading cryptos. Trading fees are generally competitive, set at a low percentage per trade, and displayed transparently. There is also a demo mode that lets you practice trading with virtual funds, which can be an appealing feature for people still learning the ropes.

Swyftx enforces KYC checks that align with Australian and New Zealand regulations, so you will need to provide identity documents before you can fully transact. Customer support has garnered positive reviews for offering quick solutions via email or chat. For local investors who prioritize easy bank transfers and minimal complexities, Swyftx stands out as a handy solution. Still, more advanced traders may prefer an exchange with expanded markets or derivative products.

5. Coinbase

Source: Coinbase.com

Coinbase is among the most recognized names in the global crypto market, with a user-friendly interface that appeals to newcomers. Although it caters primarily to U.S. clients, Kiwi investors can often deposit funds via credit card or certain wire transfer options.

The platform supports many of the top cryptocurrencies, including Bitcoin, Ethereum, and a rotating selection of altcoins. For everyday trades, Coinbase’s straightforward interface can be a valuable plus, while Coinbase Advanced Trade offers lower trading fees and advanced tools for more active users.

One potential downside is that fiat deposits or withdrawals may require extra steps for New Zealanders, sometimes resulting in higher fees compared to exchanges that offer direct NZD support. On the positive side, Coinbase is known for strong security measures, such as offline cold storage for most client funds and two-factor authentication at login. The exchange also maintains insurance coverage for digital assets in the event of hacking or operational errors.

Another perk is Coinbase’s educational content and earned rewards program, which pays small crypto amounts for learning about new tokens. These features can help novices expand their holdings while broadening their crypto knowledge. Overall, Coinbase’s ease of use and dependable security infrastructure make it a top choice for those fine with potentially converting NZD to other currencies first.

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6. Independent Reserve

Source: Independentreserve.com

Independent Reserve is an Australian-based exchange that welcomes New Zealand customers and provides direct NZD deposit options. It targets users who value regulatory compliance and transparent operations. The platform supports a balanced range of cryptocurrencies, focusing mostly on high-demand assets such as Bitcoin, Ether, and leading altcoins. Users can deposit via bank transfers, though processing times vary. Independent Reserve also enables recurring buy orders for those who prefer dollar-cost averaging strategies.

Known for its robust security and insurance coverage on some client assets, Independent Reserve has earned a reputation as a reliable trading spot for individuals who prefer a more traditional finance feel. Trading fees are tiered by volume, so higher-volume traders enjoy reduced rates, while occasional investors pay a modest transaction percentage. Unlike some global platforms, Independent Reserve’s customer support remains tailored to local markets, offering timely help for questions about NZD transfers or account verification.

Because it heavily adheres to compliance requirements, new users must pass through KYC checks and provide proof of identity and address. This process is standard in most advanced crypto markets but may surprise those accustomed to less formal signups. Overall, Independent Reserve suits those who appreciate a regulated environment, direct fiat on-ramps, and a no-frills platform centered on mainstream crypto assets.

7. Easy Crypto

Source: Easycrypto.com

Easy Crypto stands out for offering a direct, simple buying and selling experience, especially suited to newcomers in New Zealand. Unlike centralized exchanges with order books and trading pairs, Easy Crypto acts more like a brokerage.

Users pick a coin, define how much to spend or receive, and then settle the transaction. This convenience means Kiwi traders can purchase Bitcoin or Ethereum with bank transfers or certain payment methods without dealing with complex charts or order matching.

Easy Crypto’s interface also lists real-time rates for numerous cryptos, giving full cost transparency before you commit. The platform is well-regarded for shipping coins directly to your external wallet address, allowing you to maintain custody of your digital assets. Still, advanced traders might miss out on features like margin trading, staking, or more specialized markets. Easy Crypto focuses on simplicity over complexity, which can be a clear benefit if you just want to build a small portfolio.

Customers praise Easy Crypto’s fast and responsive customer service, along with its local presence in New Zealand. Because all accounts must pass identity verification under anti-money laundering laws, be prepared to provide ID documents. Once cleared, the overall checkout feels like a typical online transaction, delivering an easy user experience. As a result, Easy Crypto is often recommended to newcomers seeking a straightforward path into digital assets.

8. Crypto.com

Source: Crypto.com

Crypto.com offers a one-stop shop approach to crypto, combining spot trading, staking, an NFT marketplace, and even Visa cards that let you spend digital funds in everyday life. Because it covers such a broad ecosystem, the platform can attract those who want more than just buying and selling. Although it is not based in New Zealand, Kiwi users typically access it through bank card deposits or wire transfers. Fees vary by method, so verifying any extra costs is wise.