Review - NFT Evening https://nftevening.com/learn/review/ Cryptocurrency, Blockchain, NFT News Sun, 18 May 2025 06:05:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 https://nftevening.com/wp-content/uploads/2024/05/cropped-favicon-32x32.png Review - NFT Evening https://nftevening.com/learn/review/ 32 32 LBank Referral Code 2025: 4UIUJ ($6,000 Sign-Up Bonus) https://nftevening.com/lbank-referral-code/?utm_source=rss&utm_medium=rss&utm_campaign=lbank-referral-code Sun, 11 May 2025 14:42:57 +0000 https://nftevening.com/?p=152501 Cryptocurrency exchanges play a crucial role in the digital currency world, and you should choose the best crypto exchange to start. A reliable exchange not only provides a smooth trading

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Cryptocurrency exchanges play a crucial role in the digital currency world, and you should choose the best crypto exchange to start. A reliable exchange not only provides a smooth trading experience but also offers welcome rewards and incentives to help you get more value from your trades. 

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 logo

Lbank Referral Code

$6,000 USDT Sign-Up Bonus

20% Off Trading Fees

Code Valid: May 2025

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.

Crypto Exchange LBank
Referral Code  4UIUJ
Sign Up Bonus 6,000 USDT newcomer bonus
Trading Fee Discount 20% rebate
KYC Required No

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.

LBank Bonus for Completing Newcomer Tasks

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.

Win up to 3,000 USDT with Futures Lucky Draw

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 logo

Lbank Referral Code

$6,000 USDT Sign-Up Bonus

20% Off Trading Fees

Code Valid: May 2025

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.

Create an LBank Account using Referral Code "4UIUJ"

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.

Deposit Funds and Start Trading

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 crypto 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 logo

Lbank Referral Code

$6,000 USDT Sign-Up Bonus

20% Off Trading Fees

Code Valid: May 2025

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.

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3Commas Review 2025: Pros & Cons, Features, Pricing, and More https://nftevening.com/3commas-review/?utm_source=rss&utm_medium=rss&utm_campaign=3commas-review Thu, 24 Apr 2025 09:31:10 +0000 https://nftevening.com/?p=151637 3Commas helps you trade coins like Bitcoin and Ethereum by using trading bots that work all day and night. You can connect it to popular exchanges like Binance or Coinbase

The post 3Commas Review 2025: Pros & Cons, Features, Pricing, and More appeared first on NFT Evening.

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3Commas helps you trade coins like Bitcoin and Ethereum by using trading bots that work all day and night. You can connect it to popular exchanges like Binance or Coinbase and manage everything in one place. It’s great for beginners and experienced traders because it has automatic trading options and tools for manual trades too. Plus, you can track your portfolio and test ideas with a demo account.

This 3Commas review guide will explain its features, types of trading bots, pricing, supported crypto exchanges, usability, and how to use it to automate your trades.

3commas.io

User Score

9.5

Promotion

Get a $10 Trading Bonus and Save Up to 40%

Sign Up & Start Trading Today

3Commas Review: Summary

Platform Type Crypto trading bot platform
Supported Exchanges Binance, Coinbase, KuCoin, Bybit, and 14+ others
Key Features DCA Bot, Grid Bot, Smart Trade, Signals Bot, TradingView Integrations
Automation 24/7 trading bots
Manual Trading Smart Trade (Stop Loss, Take Profit)
Portfolio Tracking Multi-exchange dashboard, analytics
Demo Account Yes
Pricing Free, $37/mo (Pro), $59/mo (Expert)
Payment Options Credit card, PayPal, Crypto (BTC, USDT)
Security Very High (Encrypted APIs, 2FA, IP whitelisting)
Customer Support 24/7 Help Center, tickets, Telegram
Supported Cryptos Depends on linked exchange pairs

What is 3Commas?

What is 3Commas?

3Commas is the best crypto trading bot platform that helps you trade digital coins like BTC and ETH. The platform is web-based and connects with popular exchanges like Binance, Coinbase, and KuCoin, so you can manage all your trades and portfolios in one place. 

3Commas is best for its automated trading bots. These bots are tools that trade for you based on rules you set. They work 24/7, so you don’t have to watch the market all the time. The platform offers different bots, like the DCA bot, which buys coins slowly to avoid big price swings, and the Grid bot, which makes money when prices bounce up and down. You can tweak these bots to fit your style or copy strategies from top traders.

It is more than just bots, though. 3Commas provides a SmartTrade feature for manual trading. This feature lets you set stop-loss and take-profit orders to protect your money or lock in gains. The platform is also excellent for tracking your portfolio. You can see how your coins are doing across multiple crypto trading platforms with clear graphs and stats.

The platform is user-friendly with a clean dashboard. You start by signing up, linking your exchange accounts with API keys, and picking a plan. 3Commas has a free version with basic tools, but paid plans—starting at $37 a month—unlock more features like extra bots and signals. It is safe too; your funds stay on the exchange, and 3Commas can’t withdraw them.

Pros

  • Easy Automation: You can set up bots to trade 24/7, saving you time. They follow your rules even when you’re not watching, which is great for busy schedules.
  • Demo Account: You get a free practice mode to test bots without losing real money.
  • Lots of Tools and Bots: Features like DCA Bot, Grid Bot, and Smart Trade give you options for different markets. You can pick what fits your style.
  • Exchange Support: It works with big top crypto exchanges like Binance and Coinbase. You can manage all your trades in one place.
  • Portfolio Tracking: You will see all your crypto holdings and profits clearly. It’s simple to check how you’re doing without extra work.
  • Signal Options: You can use expert signals from the Marketplace or TradingView to start your crypto trading.

Cons

  • Costs Money: The free plan is basic, and full features need a paid subscription—starting at $37 monthly which is costly for some users.
  • Learning Curve: Setting up bots can confuse beginners. You need to watch tutorials to get it right.
  • Signal Risks: Some Marketplace signals are bad, and you could lose cash if you pick a weak one. Research is key.

3Commas Key Features

Smart Trade Terminal

The Smart Trade Terminal is designed to enhance manual trading on cryptocurrency exchanges. It provides traders with advanced tools to execute strategies that surpass the basic market and limit orders typically offered by exchanges. This terminal integrates with multiple exchanges via API keys and allows users to manage trades across platforms from a single interface.

Key features include the ability to set simultaneous Stop Loss and Take Profit orders. Stop Loss protects against losses by automatically closing a trade if the price drops to a specified level, while Take Profit secures profits by closing the trade when a target price is reached. 

Advanced traders can also use Trailing Stop Loss and Trailing Take Profit, which adjust dynamically as the price moves, maximizing gains or minimizing losses without constant monitoring. 

Another notable option is Split Targets, which allows users to sell portions of their holdings at different price levels—e.g., selling 50% at $10,000 and 25% at $11,000—optimizing profit-taking in volatile markets.

The terminal also supports TradingView charts. You can place orders manually or adjust them by dragging them on the chart. Additional features like Smart Cover help recover losses by selling at a higher price and repurchasing at a lower one during market dips.

3Commas Smart Trade Terminal

Crypto Signals

Crypto Signals on 3Commas are actionable triggers that guide trading bots to buy or sell assets based on expert analysis or predefined conditions. These signals are taken from the 3Commas Marketplace. Here, signal providers offer subscription-based strategies. 

The platform also supports free signals, though paid options typically promise higher quality due to their detailed development using technical indicators like RSI or MACD.

Trading signals serve as the “deal start condition” for bots. For instance, a provider might analyze historical market data and current trends to signal a buy when Bitcoin dips below a support level. Now, you can connect your exchange accounts via API, subscribe to a signal provider, and configure a bot to act on these signals automatically. The Marketplace displays performance metrics—such as real profit/loss percentages from other users’ trades.

Some users report consistent profits with reputable signals like CQS Scalping, while others caution against unreliable providers. Signals vary in risk levels—categorized as Stable (top 20% by Sharpe ratio) or Risky—helping users align them with their risk tolerance.

Demo Trading Account

The Demo Trading Account is a risk-free environment provided by 3Commas to help users practice trading strategies without using real funds. It simulates trading on the Binance Spot exchange, offering a virtual portfolio to test bots, manual trades, or signal-based strategies. 

To use it, you need to create a 3Commas account and activate the demo mode and now this mode mirrors live market conditions. You can configure bots—like DCA or Grid—or experiment with Smart Trade settings, observing how these perform against real-time price movements. 

The demo account supports all features, including TradingView integration and signal testing. The demo environment also aids in understanding market volatility’s impact on bot performance. 

For example, a user might test a Grid Bot in a sideways market to see how it buys low and sells high. Results are tracked, providing insights into potential profitability. 

TradingView Signals

TradingView is a leading technical analysis platform that offers over 100 indicators and allows users to create custom strategies using Pine Script. 3Commas connects to these via webhooks and enables bots to execute trades based on user-defined alerts.

To set this up, you need to select “TradingView Custom Signals” as a bot’s start condition, configure a webhook URL in TradingView, and define alerts—e.g., buying when an RSI crosses below 30. The bot then acts on these signals, supporting both Spot and Futures trading across exchanges like Binance and Bybit. 

The integration supports multi-pair trading that monitors numerous assets for optimal opportunities. You can easily adjust order sizes, leverage, and safety orders.

Portfolio Management

Portfolio Management on 3Commas allows you to track your cryptocurrency holdings across multiple exchanges and wallets from one dashboard. You can link exchange accounts via API or add external wallet addresses and gain a consolidated view of your assets, profits, and losses in real-time

The interface displays detailed analytics, such as total portfolio value, individual asset performance, and historical trends. 3Commas bots can also rebalance your portfolios—e.g., maintaining a 70% crypto, 30% stablecoin split—by executing trades based on predefined rules.

Portfolio Management on 3Commas

Automated Trading With Bots

Signal Bot

The Signal Bot is a 3Commas tool that trades for you based on signals—tips from experts or tools telling you when to buy or sell. You must connect it to your exchange, pick a signal source, and let it run. Signals come from places like the 3Commas Marketplace or TradingView, where pros share their ideas. For example, a signal might say “Buy Ethereum now” if the price hits a certain point.

You have to set up the bot by choosing how much to trade and whether it’s for Spot or Futures markets. You can even decide if it does Long trades (buying low, selling high) or Short trades (selling high, buying low). You can tweak the bot too—like adding a Stop Loss to limit losses if the market crashes. It’s good for you if you trust others’ analysis but don’t want to trade manually.

DCA Bot

The DCA Bot uses Dollar-Cost Averaging to help you buy crypto smarter. DCA means you buy a little bit at a time, even if the price changes, to lower your risk.

Here’s how it works: if the price drops, the bot buys more at the lower price. If it keeps dropping, it buys again, spreading out your money. When the price goes up, it sells to make a profit. You can set a Take Profit target—like 3%—and a Stop Loss to protect yourself. You also pick how many extra buys it makes if the price falls, usually 3 to 5 times.

You can start it manually or use signals—like from TradingView—to tell it when to begin. It works on Spot trading and Futures trading, and you can adjust things like trade size or leverage.

DCA Bot

Grid Bot

The Grid Trading Bot is made for markets that don’t move much—called sideways markets. You set it up by picking a coin and a price range—like $50 to $60 for a token. The bot then places buy and sell orders in that range, like a grid. If the price hits $51, it buys; if it hits $53, it sells. It keeps doing this to make small profits over and over.

You decide how many orders it places—say, 10 buys and 10 sells—and how much money it uses. The tighter your grid, the more trades it makes, but you need enough cash to cover all the orders. It’s automatic, so you don’t have to watch it all the time. It works best on Spot trading mostly.

3Commas Pricing

3Commas has clear pricing plans to fit different traders’ needs. It offers three main plans: Free, Pro, and Expert. Each one gives you access to tools like trading bots and portfolio tracking, but the features grow as you move up the tiers.

  • Free Plan: The Free plan is exactly what it sounds like—zero cost. It is perfect for beginners who want to test the platform. You get basic portfolio tracking, one DCA bot (Dollar-Cost Averaging), one Grid bot, and access to 3 active smart trades. The platform limits you to one active deal at a time, though, so it’s not for high-volume traders. It is a solid way to start without spending a dime.
  • $37/month: The Pro plan costs $37 per month if you pay yearly, or $49 monthly if you prefer flexibility. It is a step up, giving you 50 active smart trades, 50 DCA bots, and 10 Grid bots. You also get SmartTrade tools for manual trading with stop-loss and take-profit options. 
  • $59/month: The Advanced plan is priced at $59 per month with an annual payment or $79 monthly otherwise. It is built for traders who want more power. You get unlimited 250 DCA and 50 Grid bots, plus access to signals bots for advanced strategies. It also offers unlimited smart trades.

3Commas Pricing

3Commas offers discounts if you pay yearly—up to 25% off compared to monthly billing. You can pay with credit cards, PayPal, or crypto like Bitcoin or USDT, but recurring payments aren’t available with crypto due to technical limits. 

The platform also has a referral program: share a link, and your friends get 10% off their subscription while you earn 40% of their fees as a bonus. You can use that bonus for your own subscription or withdraw it to a USDT wallet once it hits $50.

3commas.io

User Score

9.5

Promotion

Get a $10 Trading Bonus and Save Up to 40%

Sign Up & Start Trading Today

3Commas Customer Support

3Commas provides solid 24/7 customer support to keep traders on track. The main support hub is the Help Center on their website. It is packed with articles, FAQs, and guides on everything from setting up bots to fixing API issues. You can search for answers there anytime, and it’s super handy for quick fixes. 

The platform also has a ticket system—submit a request via email (support@3commas.io) or the site, and their team gets back to you. Most users say responses come within a few hours, though Expert plan users get priority, so they might see replies even faster.

3Commas is active on social media too. You can hit them up on Telegram, Twitter, or Facebook. Their Telegram group is especially lively, with staff and community members jumping in to help. It is more informal but works if you need a fast chat. The platform’s support team speaks English and Russian officially.

For bigger issues, like account security or payment glitches, the ticket system is your best bet. The platform doesn’t list a phone number, which some traders might miss, but the online options cover most bases. You also get a dedicated account manager if you’re on the Expert plan or a partner program. 

3Commas Supported Cryptocurrencies

3Commas supports a large range of cryptocurrencies, but it depends on the exchanges you connect. The platform itself doesn’t hold your coins or limit what you trade—it links to your exchange accounts via API keys and trades whatever those platforms offer.

The best crypto exchanges like Binance, Coinbase Pro, and KuCoin are on the list. Binance alone offers over 350 trading pairs, including majors like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), plus altcoins like Cardano (ADA) and Solana (SOL). Other exchanges like Bybit and OKX add futures trading, where you can use bots on BTC, ETH, and top altcoins with leverage. The platform also works with Gate.io, which has over 1,700 pairs. The platform lets you pick any pair your exchange supports for bots or manual trades.

3Commas Supported Exchanges

3Commas Design and Usability

3Commas is built to be easy on the eyes and simple to use, even if you’re new to trading. The platform’s design is clean and modern, with a web-based dashboard you can access from any browser. It also has mobile apps for iOS and Android, so you can trade on the go.

The dashboard is where it all happens. It is split into sections like Portfolio, Bots, SmartTrade, and Marketplace, all laid out on the left sidebar. You click what you need, and the main screen updates fast. The platform uses a dark theme by default, which is easy on the eyes, especially if you’re staring at charts all day. You can switch to light mode if that’s your vibe, though. Everything’s labeled clearly, so you won’t get lost.

Setting up is also easy for beginners. You just need to sign up with an email and link your crypto exchange accounts with API keys. The Bots section lets you create DCA or Grid bots with a few clicks and you can pick your pair, set your budget, and hit start. It is very straightforward, but advanced users can also use detailed settings like safety orders or trailing stops.

The mobile apps mirror the web version. You get the same layout, of course, just scaled down. You can check your entire portfolio, change bot settings, or place trades from your phone. It is very smooth and with no major bugs reported lately. The platform’s Portfolio tab shows your balances across multiple exchanges with graphs and stats and you can easily track your wins and losses.

3Commas Security: Is it Safe to Use?

The top 3Commas security measures are encrypted API keys, sign center protection, IP whitelisting, fast connect with OAuth, 2FA, Cloudflare partnership, API disabling after password reset, strong password recommendations, web application firewall, DDoS attack protection, and SSL/TLS encryption.

  • Encrypted API Keys: 3Commas uses encrypted API keys to link with your exchange accounts. This setup lets the platform place trades but blocks it from moving your funds or seeing your exchange password. It keeps your funds secure where they’re held on the exchange.
  • Sign Center Protection: The platform includes a Sign Center to store API keys safely. It’s a separate system that only signs trade requests when you approve them. This design stops hackers from snagging your keys even if they breach other parts of the platform.
  • IP Whitelisting: 3Commas supports IP whitelisting for extra security. You can set it so only specific IP addresses you trust can use your API keys. It prevents strangers from accessing your account from random locations.
  • Fast Connect with OAuth: Fast Connect is an option for exchanges like Binance and OKX. It links your account without you typing in API keys manually.
  • Two-factor authentication (2FA): 3Commas pushes you to enable two-factor authentication. You enter a code from your phone or app alongside your password to log in. It makes breaking into your account super tough for anyone without your device.
  • Cloudflare Partnership: 3Commas teams up with Cloudflare to strengthen its defenses. This service adds firewalls and shields against online attacks like DDoS. It keeps the platform stable and safe from threats trying to crash it.
  • API Disabling After Password Reset: The platform cuts off API connections if you reset your password. This stops any sneaky trades if someone messes with your account. It gives you time to fix things without risking your funds.
  • Strong Password Recommendations: 3Commas tells you to use strong, unique passwords for your account. A hard-to-guess password that’s not reused elsewhere lowers your hack risk. You can rely on a password manager to keep it safe and easy to remember.
  • Web Application Firewall: It uses a Web Application Firewall (WAF) to protect its platform. It filters out harmful traffic and blocks attacks aimed at exploiting website weaknesses.
  • DDoS Attack Protection: 3Commas has DDoS attack protection to keep services running smoothly. It stops attackers from overwhelming the platform with fake traffic. This ensures you can trade without interruptions from online floods.
  • SSL/TLS Encryption Between Visitors and Origin Servers: 3Commas applies SSL/TLS encryption for all connections between you and its servers. It scrambles data so no one can spy on your info during trades. The platform keeps your details private and secure every time you log in.

How to Use 3Commas?

Step 1: Create a 3Commas Account

First, you need to sign up for 3Commas. Go to their official website, 3commas.io, and click “Sign Up” at the top. You’ll see a form asking for your email and a password. Type in your email—like john@gmail.com—and pick a strong password with letters and numbers. 

Hit “Sign Up,” and they’ll send you a confirmation email. Open your inbox, find the email, and click the link to verify your account. Once verified, log in with your email and password. You now have a free Basic account, which lets you try some features.

Step 2: Connect Your Exchange

Next, you link 3Commas to your crypto exchange, like Binance or Coinbase. Log into 3Commas, click “My Exchanges” on the left, and then “Connect an Exchange.” 

Pick your exchange from the list—say, Binance—and you’ll need API keys. Go to Binance, login, and find “API Management” under your profile. Create a new key, name it “3Commas,” and enable trading but not withdrawals for safety. Copy the API Key and Secret Key. 

Back in 3Commas, paste these into the boxes and click “Connect.” It links up fast, letting your bot trade on your exchange account without giving 3Commas your money.

Step 3: Set Up a Trading Bot

Now, you pick and set up a bot. From the 3Commas dashboard, click “DCA Bot” or “Grid Bot” under the “Bots” section. Let’s say you choose DCA Bot. Click “Create Bot,” pick your exchange (like Binance), and select a trading pair—like BTC/USDT. 

Decide how much money to use, maybe $100, and set a Take Profit goal, like 3%. You can also add a Stop Loss at -5% to limit losses. Choose a signal to start—like a price drop—or start it manually. Hit “Create,” and your bot begins trading based on your rules. 

Step 4: Monitor and Adjust Your Trades

Finally, you keep an eye on your bot and tweak it. Go to the “Bots” tab to see your active bots. It shows your profits, losses, and trades in real-time. If your DCA Bot isn’t making money—like if the market’s flat—you can pause it by clicking “Disable.” Adjust settings—like raising Take Profit to 5%—and save changes. 

Use the “Portfolio” tab to check all your holdings across exchanges. You can also try the Demo Account to test new ideas without risk. This step keeps your trading smart and safe.

Alternatives to 3Commas Comparison

The best 3Commas alternatives are HassBot, Cryptohopper, and Bitsgap. Here is a quick 3Commas vs Cryptohopper, 3Commas vs Bitsgap, and 3Commas vs HassBot review:

3Commas HaasBot Cryptohopper Bitsgap
Automation DCA, Grid, Signal Trade Bot, Manual Scripts Copy Bot, DCA, Strategy Designer Grid, DCA, Combo Bot, Loop Bot
Cost $39/month $99/3 months $24/month $22/month
Exchange Support 14 21 13 15+
Demo Account Yes Yes Yes Yes
Signal Options Marketplace, TradingView Custom HaasScript Pro, DIY Basic
Portfolio Tracking Yes Yes Yes Yes

Conclusions

To sum up our 3Commas trading bot review, it makes crypto trading easier and smarter for you. You can use tools like the DCA Bot, Grid Bot, and Smart Trade and you can perform automated trading strategies and save time. It connects to your cryptocurrency exchanges, tracks your portfolio, and offers a demo account to practice safely. 

You’ll need to learn a bit to set it up, and paid plans start at $37 monthly for full features. It’s not a guaranteed money-maker and success depends on your strategy and the market. Overall, 3Commas is a great tool if you want control and automation in your trading journey.

3commas.io

User Score

9.5

Promotion

Get a $10 Trading Bonus and Save Up to 40%

Sign Up & Start Trading Today

FAQs

Is the 3Commas bot legit?

Yes, 3Commas bot is legit. It’s a real platform used by thousands since 2017, registered in Estonia, and partners with trusted exchanges like Binance. You need to connect it with API keys, and it doesn’t withdraw your digital assets—trades happen on your exchange account only. It’s safe if you use strong passwords and two-factor authentication. Our research shows it’s a solid company, not a fake one, so you can trust it works as promised.

Is 3Commas profitable?

3Commas bot trading can be profitable, but it’s not guaranteed. Profit depends on your strategy, market conditions, and settings. The DCA Bot or Grid Bot can make money, like 1-5% per trade, if you set them upright. Data from 3Commas’ Marketplace shows signal profits vary—some hit 20% monthly, others flop. You need to test and tweak your bots, not just turn them on.

Is 3Commas good for beginners?

Yes, it’s good for beginners with some effort. It has a Demo Account where you practice without real money, which helps you learn. The interface is simple, and Smart Trade makes manual trading easy. Tutorials and customer support are there, so you can figure it out. It’s not super hard, but you need to watch some videos or read guides to start.

Is 3Commas free?

No, 3Commas is not fully free, but it has a free tier. You get a Basic plan for free with limited stuff—like one DCA Bot, one Grid Bot, and Portfolio tracking. Full features, like more Signal Bots or more grids, need a paid plan, starting at $37 monthly with a yearly deal.

How much money can you make with a crypto bot?

You can make 0-20% monthly or even higher, but it varies a lot. Profits depend on your bot, market, and cash. A Grid Bot might earn 1-3% in a flat market, while a DCA Bot could hit 10% in a dip. 3Commas’ data says top signals reach 20%, but most average less. You won’t get rich quick—it’s not certain. Your strategy and timing matter more than the bot itself, so don’t expect millions without a solid plan.

How to connect 3Commas to Binance?

You can connect 3Commas to Binance using API keys. First, log into Binance, go to API Management, and create a key—give it a name and enable trading, but not withdrawals for safety. Copy the API key and Secret key. Then, in 3Commas, go to “My Exchanges,” click “Connect an exchange,” pick Binance, and paste those keys. Save it, and you’re linked.

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Phemex Review 2025: Is it a Safe & Legit Crypto Exchange? https://nftevening.com/phemex-review/?utm_source=rss&utm_medium=rss&utm_campaign=phemex-review Mon, 14 Apr 2025 06:54:26 +0000 https://nftevening.com/?p=150785 Cryptocurrency trading has grown fast over the past few years. More people are now looking for safe and easy platforms to buy, sell, and trade digital assets. With so many

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Cryptocurrency trading has grown fast over the past few years. More people are now looking for safe and easy platforms to buy, sell, and trade digital assets. With so many exchanges available, choosing the right one can be difficult. Traders want low fees, strong security, simple design, and fast transactions. Every exchange offers something different, so it’s important to compare key features before signing up.

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.

Phemex logo

Phemex Referral Code

Get $4800 Welcome Bonus

Code Valid: May 2025

Phemex Exchange Review: Summary

Founding Year 2019
Headquarters Singapore (operating under Phemex Technology Pte. Ltd.)
User Base 5 million users across 150 countries globally
Supported Cryptocurrencies 470+ cryptocurrencies, including BTC, ETH, USDT, and SOL
Trading Products spot trading, futures with 100x leverage, copy trading, staking, and P2P
Trading Fees 0.1% maker/taker
Fiat Currency Support 30+ fiat currencies like USD, EUR, BRL
Security Measures Cold storage, 2FA, passkeys, anti-phishing codes, proof of reserves
Restricted Countries US, UK, Canada, China, and others
Customer Support 24/7 live chat, email, and Help Center; no phone support

What Is Phemex?

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 Derivatives Trading

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.

Phemex Copy Trading

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.

Phemex Earn's Flexible Savings

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 Trading Bots

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.

Phemex logo

Phemex Referral Code

Get $4800 Welcome Bonus

Code Valid: May 2025

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:

VIP Level Last 30d spot trading vol. (USD) Maker Fee Taker Fee
VIP 0 [0.0000,800.00K) 0.1000% 0.1000%
VIP 1 [800.00K,1.80M) & API ≤ 20% 0.0900% 0.1000%
VIP 2 [1.80M,2.50M) & API ≤ 20% 0.0500% 0.0700%
VIP 3 [2.50M,4.50M) & API ≤ 20% 0.0450% 0.0650%
VIP 4 [4.50M,8.00M) & API ≤ 20% 0.0400% 0.0600%
VIP 5 [8.00M,15.00M) & API ≤ 20% 0.0350% 0.0550%

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 Mobile App

Phemex vs Other Crypto Exchanges

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

Phemex Bybit Coinbase Binance
Founded 2019 2018 2012 2017
Trading Products Spot, Futures, Copy Trading Spot, Futures, Options, Copy Trading, NFTs Spot, Derivatives (limited only) Spot, Futures, Options, Leveraged Tokens, NFTs, Margin Trading
Supported Cryptocurrencies 470+ 1600+ 250+ 400+
Maximum Leverage Up to 100x  Up to 100x Up to 10X Up to 125x
Spot Trading Fees Maker: 0.1%, Taker: 0.1% Maker: 0.1%, Taker: 0.1% Maker: 0.4%, Taker: 0.6% Maker: 0.1%, Taker: 0.1% (discounts with BNB)
Mobile App Yes Yes Yes Yes
User Interface Simple and user-friendly Advanced features with a user-friendly interface Beginner-friendly Advanced features with a user-friendly interface

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.

Phemex logo

Phemex Referral Code

Get $4800 Welcome Bonus

Code Valid: May 2025

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.

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Backpack Referral Code “nftebp”: Earn 10% Trading Fees https://nftevening.com/backpack-referral-code/?utm_source=rss&utm_medium=rss&utm_campaign=backpack-referral-code Wed, 02 Apr 2025 05:21:24 +0000 https://nftevening.com/?p=150061 Crypto trading is getting popular these days, and many people want a platform that is safe, easy to use, and gives good rewards. There are lots of crypto exchanges out

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

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Crypto trading is getting popular these days, and many people want a platform that is safe, easy to use, and gives good rewards. There are lots of crypto exchanges out there, but not all are the same, as some focus on security, others on low trading fees, or sign-up bonuses. Backpack Exchange is one that stands out due to low fees, safety, and advanced trading tools like futures contracts.

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 logo

Backpack Referral Code

-10% Trading Fees

Sign Up & Start Trading Today

Code Valid: May 2025

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 referral code nftebp
Referral Program Bonus 10% trading fee commission
KYC required Yes (Mandatory)

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.

Sign Up on Backpack Exchange using referral code

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 logo

Backpack Referral Code

-10% Trading Fees

Sign Up & Start Trading Today

Code Valid: May 2025

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 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 logo

Backpack Referral Code

-10% Trading Fees

Sign Up & Start Trading Today

Code Valid: May 2025

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.

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HTX Review 2025: Is it a Safe and Legit Exchange? https://nftevening.com/htx-review/?utm_source=rss&utm_medium=rss&utm_campaign=htx-review Wed, 26 Mar 2025 01:34:53 +0000 https://nftevening.com/?p=149533 HTX is one of the best crypto exchanges and ranks among the top 10 trading platforms in the world by trading volume. It is highly secure and provides advanced trading

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

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HTX is one of the best crypto exchanges and ranks among the top 10 trading platforms in the world by trading volume. It is highly secure and provides advanced trading tools for both beginners and experienced traders. But is it worth choosing for your trading needs? 

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 logo

HTX Referral Code

$1,500 USDT Sign Up Bonus

Sign Up & Start Trading Today

Code Valid: May 2025

HTX Exchange Review: At a Glance

Founded 2013
Original Name Huobi Global
Rebranded HTX (September 2023)
Headquarters Seychelles
Trading Options Spot, margin trading, perpetual futures contracts, copy trading, options trading, staking, trading bots, and more
Cryptocurrencies Supported 700+
Spot Trading Fee 0.2% (Maker & Taker)
Fee Discounts HT Token Holdings, Trading Volume
Max Leverage 200x (Perpetual Futures Contracts)
Daily Trading Volume $4 Billion+
Withdrawal Limit 0.06 BTC Daily (no KYC) and 200 BTC (basic KYC)
Security Features 2FA, Cold Storage, Multi-Sig Wallets, Anti-phishing code, withdrawal address whitelisting, PoR data, and more
Restricted Countries United States, China, the United Kingdom, Japan, and more

What is HTX (Formerly Huobi)?

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.

HTX perpetual futures contracts

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.

HTX Copy Trading

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 options trading

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 logo

HTX Referral Code

$1,500 USDT Sign Up Bonus

Sign Up & Start Trading Today

Code Valid: May 2025

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 Earn

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 Loans

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.

Verification Level Required Information 24-Hour Withdrawal Limit (BTC)
Level 1 (Basic) Personal data (first and last name, nationality, country of residence, date of birth) 5 BTC
Level 2 (Basic Verification) Photo of a government-issued ID (passport, driver’s license, or ID card) 200 BTC
Level 3 (Advanced Verification) Facial recognition and additional ID verification 3,000 BTC

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.

htx logo

HTX Referral Code

$1,500 USDT Sign Up Bonus

Sign Up & Start Trading Today

Code Valid: May 2025

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).

HTX Spot Trading Fees

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%.

HTX futures Fees

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 logo

HTX Referral Code

$1,500 USDT Sign Up Bonus

Sign Up & Start Trading Today

Code Valid: May 2025

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.

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HTX Referral Code: xa8wb223 ($1,500 USDT Sign-Up Bonus) https://nftevening.com/htx-referral-code/?utm_source=rss&utm_medium=rss&utm_campaign=htx-referral-code Wed, 26 Mar 2025 01:11:12 +0000 https://nftevening.com/?p=149525 The HTX invitation code xa8wb223 is your gateway to earning up to 1,500 USDT in sign-up bonuses on one of the top crypto exchanges. HTX is a trusted platform where

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

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The HTX invitation code xa8wb223 is your gateway to earning up to 1,500 USDT in sign-up bonuses on one of the top crypto exchanges. HTX is a trusted platform where millions trade cryptocurrencies like Bitcoin and Ethereum every day. This guide will cover what the HTX referral code is, how to use it, and everything else you need to get a free crypto sign-up bonus.

htx logo

HTX Referral Code

$1,500 USDT Sign Up Bonus

Sign Up & Start Trading Today

Code Valid: May 2025

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.

Crypto Exchange HTX (formerly Huobi)
Referral Code xa8wb223
Sign-Up Bonus Up to 1,500 USDT
Welcome Bonus Up to 900 USDT and mystery box
Trading Fees Rebate 20%
Tasks Deposit, trade spot, trade futures

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.

HTX Welcome bonus

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 Bonus for Limited-Time Challenges

htx logo

HTX Referral Code

$1,500 USDT Sign Up Bonus

Sign Up & Start Trading Today

Code Valid: May 2025

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.

Sign Up Using HTX Referral code

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.

KYC Verification

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.

Complete Deposit and Trade Volume

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 logo

HTX Referral Code

$1,500 USDT Sign Up Bonus

Sign Up & Start Trading Today

Code Valid: May 2025

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

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GRVT Referral Code “KCN216H’ and Sign-up Bonus https://nftevening.com/grvt-referral-code/?utm_source=rss&utm_medium=rss&utm_campaign=grvt-referral-code Sun, 23 Mar 2025 09:03:19 +0000 https://nftevening.com/?p=149344 Cryptocurrency exchanges are places where people buy and sell digital money like Bitcoin or Ethereum. These platforms often give bonuses to new users to make trading more fun and rewarding.

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Cryptocurrency exchanges are places where people buy and sell digital money like Bitcoin or Ethereum. These platforms often give bonuses to new users to make trading more fun and rewarding. GRVT is a new exchange that offers referral bonuses to new users who use our referral code KCN216H.

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 logo

GRVT Referral Code

Earn 10 points for GRVT Airdrop

Sign Up & Start Trading Today

Code Valid: May 2025

What is the GRVT Referral Code?

GRVT referral code  KCN216H
Sign-Up Bonus 10 points and mystery box
Referral program Yes (10 points per referred user)
Referral Link https://nftevening.com/recommends/grvt/

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 logo

GRVT Referral Code

Earn 10 points for GRVT Airdrop

Sign Up & Start Trading Today

Code Valid: May 2025

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.

Enter the GRVT referral code “KCN216H” during registration

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 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.

grvt logo

GRVT Referral Code

Earn 10 points for GRVT Airdrop

Sign Up & Start Trading Today

Code Valid: May 2025

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

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Hyperliquid Referral Code 2025: NFTE (4% Trading Fee Discount) https://nftevening.com/hyperliquid-referral-code/?utm_source=rss&utm_medium=rss&utm_campaign=hyperliquid-referral-code Thu, 13 Mar 2025 05:28:24 +0000 https://nftevening.com/?p=148446 Hyperliquid is a decentralized perpetual futures trading platform with low fees and instant order matching. The best Hyperliquid referral code is “NFTE” to get a 4% lifetime discount on trading

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Hyperliquid is a decentralized perpetual futures trading platform with low fees and instant order matching. The best Hyperliquid referral code is “NFTE” to get a 4% lifetime discount on trading fees.

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 logo

Hyperliquid Referral Code

4% Lifetime Discount on Trading Fees

Code Valid: May 2025

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 referral code NFTE
Referral link https://nftevening.com/recommends/hyperliquid/
Referral bonus 4% lifetime discount on trading fees
Referral program 10% commission on fees

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 logo

Hyperliquid Referral Code

4% Lifetime Discount on Trading Fees

Code Valid: May 2025

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.

Find and Use Hyperliquid Referral Code

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 logo

Hyperliquid Referral Code

4% Lifetime Discount on Trading Fees

Code Valid: May 2025

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.

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CEX.IO Referral Code and $250 Sign-Up Bonus 2025 https://nftevening.com/cex-io-referral-code/?utm_source=rss&utm_medium=rss&utm_campaign=cex-io-referral-code Tue, 18 Feb 2025 05:08:34 +0000 https://nftevening.com/?p=146441 CEX.IO offers a great way to save on trading fees and earn extra rewards through its referral program. Users who invite others to join can earn a 30% commission on

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CEX.IO offers a great way to save on trading fees and earn extra rewards through its referral program. Users who invite others to join can earn a 30% commission on the trading fees paid by their referrals. New users also benefit by signing up with a CEX.IO referral code, allowing them to receive up to 250 USDT in bonuses after completing simple steps like registration, deposit, and trading.

CEX.IO provides secure and reliable cryptocurrency trading services worldwide. Using a referral code helps traders reduce costs, earn passive income, and access exclusive promotions. This guide explains how to find and use a CEX.IO referral code, the available sign-up bonuses, and the important terms and conditions.

CEX.IO

User Score

9

CEX.IO Promotion

Get Sign Up Bonus

What is the CEX.io Referral Code?

CEX.io Referral Code Claim Sign-Up Bonus
Sign-Up Bonus 250 USDT welcome bonus
Minimum Deposit and Trade Required 20 USDT
KYC Required Yes

CEX.IO referral code is a unique promo code or referral link that you can share with others to invite them to join the platform or use as a new user to receive the welcome bonus. You can use our CEX.io referral link to get a 250 USDT sign-up bonus. The bonus will be credited to your trading fee balance. 

The breakdown of the bonus is as follows:

  • Registration: Sign up on CEX.IO’s Spot Trading platform to receive 50 USDT.
  • First Deposit: Make an initial deposit of at least 20 USDT to earn an additional 50 USDT.
  • First Trade: Execute your first trade of at least 20 USDT to gain an extra 150 USDT.

These bonuses are automatically credited upon completing each action. Please note that the bonus credited to your trading fee balance cannot be withdrawn and remains valid for 14 days from the date of accrual.

CEX.io Sign-Up Bonus and Rewards

CEX.IO offers attractive bonuses to enhance your trading experience. Here are different CEX.io referral bonuses:

Spot Trading Welcome Bonus: Up to 250 USDT

For newcomers to CEX.IO’s Spot Trading platform, there’s an opportunity to earn up to 250 USDT credited directly to your Trading Fee Balance. This bonus is structured to encourage new users to engage with the platform and is distributed as follows:

  • Upon registering on the Spot Trading platform, you receive a 50 USDT bonus.
  • After making your first deposit of at least 20 USDT or its equivalent, an additional 50 USDT is credited to your account.
  • By conducting your first trade of at least 20 USDT or its equivalent on Spot Trading, you earn an extra 150 USDT.

Margin Trading Bonus: Up to 1,000 USDT

CEX.IO also offers a substantial bonus for users venturing into Margin Trading for the first time. This promotion allows you to receive up to 1,000 USDT credited to your Margin Trading Fee Balance.

To participate:

Opt-In: Visit the designated landing page and opt into the promotion.

Execute Your First Margin Trade: Initiate your first margin trade with any amount. The volume of this trade will determine the bonus amount you receive.

The bonus structure is as follows:

  • Trade of Any Amount: Receive a 10 USDT bonus.
  • Trade Over 5,000 USD: Receive a 50 USDT bonus.
  • Trade Over 50,000 USD: Receive a 200 USDT bonus.
  • Trade Over 500,000 USD: Receive a 1,000 USDT bonus.

In margin trading, the actual size of your trade is larger than your initial investment due to leverage. For instance, with a 10x leverage, an initial investment of 1,000 USD allows you to control a position worth 10,000 USD. The bonus is credited directly to your Margin Trading Fee Balance and can only be used to cover margin trading fees.

CEX.io Referral Bonus Terms & Conditions

  1. Eligibility: This promotion is available to first-time participants on CEX.IO’s Spot Trading platform. Users must complete the specified actions to receive the corresponding bonuses.
  2. Bonus Crediting: Bonuses are credited automatically after completing the required actions and visiting the Spot Trading terminal. There may be delays due to technical reasons. If you haven’t received your bonus promptly, contact CEX.IO’s support team.
  3. Bonus Usage: The Trading Fee Balance can only be used to cover trading fees on Spot Trading. It cannot be withdrawn, transferred, or used for other purposes. Once the bonus is exhausted or expired, standard trading fees will apply, deducted from your main account balance.
  4. Expiration: Each bonus is valid for 14 days from the date it’s credited. Ensure you utilize the bonus within this period, as any unused portion will be forfeited after expiration.
  5. Program Modifications: CEX.IO reserves the right to change, suspend, or terminate the Welcome Bonus program at any time without prior notice.
CEX.IO

User Score

9

CEX.IO Promotion

Get Sign Up Bonus

How to Find and Use a CEX.io Referral Code

Step 1: Create an Account Using a CEX.IO Referral Link and Verify Your Identity

Create an Account Using a CEX.IO Referral Link and Verify Your Identity

First, go to the official website here. Click on the “Register” button at the top right corner of the page. Enter your email, create a password, and sign up.

After registration, you must verify your identity to use all features. Go to the verification section and upload a government-issued ID. Sometimes, you may need to provide proof of address. This step is important for security and to follow the platform’s rules. Without verification, you cannot deposit money or trade. The process usually takes a short time.

Step 2: Deposit at Least 20 USDT

Deposit at Least 20 USDT

You will see different ways to add funds, such as credit/debit cards, bank transfers, or crypto deposits. Choose a method and deposit at least 20 USD. If using a card, enter payment details and confirm. 

If sending crypto, copy the deposit address and send the funds from another wallet. Wait for the deposit to be processed. Once it appears in your balance, you are ready for the next step.

Step 3: Trade at Least 20 USDT

Now, find a trading pair that includes USD, such as BTC/USD. Click on it, and you will see a trading page. Choose if you want to buy or sell. Enter at least 20 USDT in the amount box. Check the order details and confirm the trade. 

The trade will be completed based on the market price or your selected price. After this trade, you may qualify for extra bonuses from CEX.IO. Your trading fee balance will be updated, and you can use the bonus to reduce trading costs.

CEX.io Referral and Affiliate Program

CEX.IO offers a Referral Program and an Affiliate Program that lets you earn by inviting others to the platform. When someone registers using your unique referral link and completes a trade, you receive 30% of their transaction fees

This reward is credited to your account after a compliance review, typically within 30 to 45 days. You can withdraw your earnings to your debit or credit card, bank account, or e-wallet

To join, you need to be a verified CEX.IO user. Once registered, you can generate and share your personal referral link. The program is free to join and has no limit on the number of people you can refer. CEX.IO provides promotional materials like banners and landing pages to help you attract referrals.

However, certain promotional methods are prohibited, such as spamming, creating fake accounts, and bidding on branded keywords. The program uses 30-day-old cookies to track referrals. This means that if someone clicks your link and registers within 30 days, you’ll receive the reward.

About CEX.io Exchange

CEX.IO is one of the best cryptocurrency exchanges that started in 2013. It began as a Bitcoin mining pool called GHash.IO. Over time, it changed into a platform where you can buy, sell, and trade various digital currencies. The exchange supports over 200 cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. 

You can access CEX.IO from many countries, but some places have restrictions. The platform offers different services like spot trading, margin trading with up to 10x leverage, and staking programs where you can earn rewards by holding certain cryptocurrencies. 

You can deposit and withdraw funds using credit or debit cards, bank transfers, and electronic wallets. CEX.IO has security measures like two-factor authentication and stores most user funds in offline wallets to protect them from online threats. The exchange is regulated and has licenses in various regions, including registration with FinCEN in the United States. It is also licensed and available in 30+ U.S. States.

For more detailed about this trading platform, check out our new 2025 CEX.IO review.

Final Thought

In a nutshell, the CEX.IO referral code gives you a chance to earn referral rewards by inviting others to the platform. When you share your referral link, you get 30% of the trading fees from your referrals. New users can also benefit by signing up with a CEX.io referral code and getting a 250 USDT Welcome Bonus after completing simple steps like the sign up process, depositing, and trading at least 20 USDT.

Using a referral code helps both the referrer and the new user by reducing trading costs and increasing rewards. CEX.IO also has additional promotions, such as a 1,000 USDT margin trading bonus, making it even more rewarding for active traders. However, terms and conditions apply, and bonuses must be used within 14 days. For more sign-up rewards, check out our guides on MEXC referral code and Binance referral code.

CEX.IO

User Score

9

CEX.IO Promotion

Get Sign Up Bonus

FAQs

Is CEX.io available in the USA?

CEX.IO operates in the USA, holding over 30 Money Transmitter Licenses across various states. However, due to regulatory constraints, services may not be available in all states. It’s essential to verify if your state is supported by consulting CEX.IO’s official resources.

Does CEX.io ask for ID verification?

Yes, CEX.IO requires ID verification for security and legal reasons. It helps prevent fraud, comply with regulations, and protect users. You must submit a government-issued ID, a selfie, and sometimes proof of address. 

Verification is needed to deposit, trade, and withdraw funds. Without verification, account features are limited. The process usually takes a few minutes to hours, depending on the volume of requests.

Where can I find a CEX.io referral code?

You can find a CEX.IO referral code from someone already using the platform. Referral codes are shared by existing users to invite others. You can also check CEX.IO’s official promotions, forums, or social media for referral links. 

If you already have an account, log in, go to the “Referral Program” section, and find your unique referral link. You can share this link with others to earn rewards. If you are signing up, ask a friend or search online for an active referral code.

What are the benefits of using a CEX.io referral code?

Using a CEX.IO referral code gives rewards to both the referrer and the new user. The referrer gets 30% of the trading fees from the referred user. This helps both users save money and makes more people join the platform. 

New users can also get a 250 USDT bonus. First, they get 50 USDT for signing up on Spot Trading. Then, they get another 50 USDT after making a first deposit of at least 20 USDT. Finally, they get 150 USDT after making a first trade of at least 20 USDT. The bonus goes to the Trading Fee Balance and expires in 14 days.

Are there any restrictions or limitations when using a CEX.io promo code?

Yes, CEX.IO promo codes have rules and limits. Some codes are for new users only, while others apply to existing users. Promo codes may have expiration dates, so they must be used before they expire. Some bonuses cannot be withdrawn and are only for covering trading fees. 

Also, users must meet certain conditions, such as a minimum deposit or trade amount, to activate a promo code. Not all countries or regions can use promo codes due to regulations. Always read the terms before using a promo code.

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CEX.IO Review 2025: Is It a Legit & Safe Exchange? https://nftevening.com/cex-io-review/?utm_source=rss&utm_medium=rss&utm_campaign=cex-io-review Tue, 18 Feb 2025 04:47:42 +0000 https://nftevening.com/?p=146433 CEX.IO is a well-known cryptocurrency exchange that has been around since the early days of crypto, evolving into a multifaceted platform offering buying and selling and more advanced features. In

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CEX.IO is a well-known cryptocurrency exchange that has been around since the early days of crypto, evolving into a multifaceted platform offering buying and selling and more advanced features.

In this in-depth CEX.IO review, we explore whether this regulated crypto exchange stands out from other leading exchanges by examining its supported countries, fee structure, security practices, and overall user experience. From compliance and licensing to deposit methods and customer service, we break down every aspect of the platform for you. By understanding the strengths and weaknesses of this platform, you can make an informed choice about where to entrust your digital assets.

CEX.IO

User Score

9

CEX.IO Promotion

Get Sign Up Bonus

What is CEX.IO?

What is CEX.io?

Source: CEX.IO

CEX.IO began as a cloud mining services provider and has since become a comprehensive crypto exchange offering both basic and advanced trading options. Headquartered in the United States, Lithuania, St.Kitts and Nevis, it has expanded its operations globally, though local regulations affect which services are available in each region. In addition to spot trading for assets like Bitcoin, Ethereum, and an expanding roster of altcoins, CEX.IO also has features such as savings and staking.

For convenience, CEX.IO supports various payment methods, including bank transfers, debit cards, and credit cards, making it easier to move money into the crypto space. The platform emphasizes regulatory compliance, holding licenses or registrations in some jurisdictions, which can foster trust among those wary of unregulated exchanges.

Despite its expanding range of offerings, the exchange claims to maintain straightforward navigation, aiming to help both newbies and seasoned traders find what they need. Overall, CEX.IO positions itself as a regulated, relatively secure environment where users can buy, sell, or simply hold digital assets.

Pros and Cons of CEX.IO

Pros Explained 

  • Regulated Environment: CEX.IO operates as a registered business in 160+ countries, which can offer peace of mind to those who prefer compliance and a level of oversight.
  • Multiple Payment Methods: Users often appreciate the flexibility of paying via bank transfer, debit card, or even credit card, allowing them to choose the route that best fits their financial habits.
  • User-Friendly Interface: The main website and mobile app cater to beginners with clear navigation and easy access to core functions like buying Bitcoin or Ethereum.
  • Advanced Trading Features: For those who want more than basic buys and sells, CEX.IO includes margin trading, a spot trading interface, and various professional tools.
  • Fiat and Crypto Diversity: CEX.IO supports an array of fiat currencies, along with many digital assets, which can simplify multi-currency handling under one account.

Cons Explained

  • Higher Fees for Some Services: Credit or debit card deposits can incur notable fees, making the cost of entry steeper than on some competing exchanges.
  • Limited Availability in Certain Regions: Regulations may restrict or complicate use in specific countries, limiting the platform’s global reach despite its broad marketing.
  • Basic Account Limitations: Lower tiers of verified accounts come with restrictions on deposit, withdrawal, and purchase limits, meaning advanced features or higher limits require deeper KYC verification.
  • Occasional Liquidity Gaps: Although CEX.IO has grown, some trading pairs may see less volume compared to top-tier global exchanges.

CEX.IO Review: Supported and Restricted Countries

CEX.IO aims to serve an international audience, providing fiat gateways in several currencies. That said, not all its services extend to every location.

Users across most of Europe, parts of Asia, and the Americas typically have access to spot trading, with margin trading sometimes restricted based on local regulations.

In some jurisdictions, CEX.IO may face limitations tied to money services business status or additional licensing. New Zealand, Australia, and the United States all enforce specific compliance guidelines that can limit advanced trading features, margin trading, or certain coin listings.

If you live in a region with stringent financial regulations, it is essential to verify directly with CEX.IO’s support center or contact the customer support team to see which services are currently authorized.

Cryptocurrencies Available on CEX.IO

CEX.IO supports many established coins, including Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH), and has gradually expanded into a variety of altcoins. Depending on your region and account level, you might see additional tokens such as Litecoin, Ripple (XRP), or even DeFi and NFT assets.

Listing updates happen intermittently, so it pays to keep an eye on CEX.IO’s announcements if you are hunting for newer or trending digital assets. While the platform does not typically host an exhaustive range like some high-volume global exchanges, it aims to balance quality and reliability.

Users who want more exotic tokens may need a specialized altcoin exchange, but CEX.IO’s selection covers the bases for most casual traders and mainstream portfolios. Regardless of which assets you choose, remember to factor in transaction fees, and if you plan to withdraw them to an external crypto wallet, check withdrawal costs as well.

CEX.IO Review: Key Features

CEX.IO packs a broad set of capabilities that go beyond basic spot trading. One highlighted area is margin trading, allowing more experienced users to access additional leverage when buying or selling crypto. This feature can introduce higher potential gains but also raises the risk of losses, so newcomers are advised to learn margin fundamentals before diving in.

The exchange also offers a mobile app for quick trades or portfolio checks on the go.

In the app, you can manage your balances, set custom price alerts, and execute spot trades. More advanced tools, like stop-limit orders, can also be accessed through the main interface. Additionally, CEX.IO hosts a referral program that rewards both invitees and existing users with fee discounts or other perks based on trading volume.

For businesses and institutional clients, specialized services such as corporate accounts and API integrations can provide a structured way to handle large orders or manage multiple sub-accounts under one umbrella.

Taken as a whole, these features position CEX.IO as more than a simple exchange, catering to a spectrum of participants ranging from casual investors to professional traders seeking deeper functionality.

CEX.IO

User Score

9

CEX.IO Promotion

Get Sign Up Bonus

CEX.IO Review: Fees

Fees on CEX.IO involve multiple components: maker-taker trading fees, deposit or withdrawal costs, and various other potential surcharges for specialized services. Understanding these breakdowns is essential for minimizing unexpected charges, especially if you frequently buy and sell crypto on the platform.

Maker-Taker Fees

CEX.IO applies a maker-taker schedule that decreases fees as your rolling 30-day trade volume grows. Taker and maker fees are the same. They start at 0.25% and can go down to 0.1% depending on 30-day trading volume.

Deposit and Withdrawal Fees

The attached images reveal a variety of deposit methods with distinct commissions and daily withdrawal limits. For example, Visa and Mastercard deposits typically incur a service charge between 0.49% and 4.99%, with daily deposit limits starting at 20 USD and potentially extending to unlimited amounts. Withdrawals to Visa can be performed up to 50,000 USD daily, although fees range from 0.49% to 4.99% plus any fixed service charge.

Bank wire transfers (SWIFT, SEPA, or local domestic wire) often apply modest flat fees such as 0.3% (with certain minimum thresholds of around 10 USD or 10 EUR), in addition to a set cost (like 2.99 USD).

Services like Skrill, NETELLER, or PayPal can also carry a roughly 3.99% fee per transaction. Exact deposit and withdrawal commission details vary by region, so verifying these before finalizing any move is highly recommended.

PayPal

Source: PayPal

Security: Is CEX.IO Safe?

CEX.IO implements a variety of mechanisms to protect user data and digital assets. Its track record does not reveal major hacks or security lapses, which can bolster confidence in storing moderate holdings on the platform. Still, it is good practice to always withdraw funds from larger balances to a personal wallet for better custody control. Overall, CEX.IO’s blend of compliance and technical defenses aims to offer a secure trading environment.

Compliance and Licensing

As a company with offices in the United States, Lithuania, St.Kitts and Nevis, CEX.IO adheres to local regulations for money service businesses. It also extends services in the U.S. under registrations that align with federal and certain state mandates. This regulated structure means that KYC identity checks and anti-money laundering protocols must be firmly followed.

On top of that, the platform has taken steps to acquire relevant licenses or approvals in multiple jurisdictions, signaling its intent to remain fully above board. By operating with recognized legal standing, CEX.IO can accommodate fiat deposits and ensure that consumer protection measures are in place.

Security Features

CEX.IO employs standard practices like two-factor authentication (2FA) for account logins, which helps deter unauthorized access. Large portions of user funds are reportedly stored offline in cold storage to reduce hacking risks.

The exchange also holds a PCI DSS certificate, applying stringent rules for processing payment card information. Another aspect of security is the platform’s routine monitoring of accounts for suspicious login patterns, automatic logouts, and other protective triggers.

Users can further tighten security by enabling withdrawal whitelists and restricting where and how much crypto funds can be sent. Though no setup is immune to threats, these features collectively indicate that CEX.IO takes user safety seriously.

CEX.IO Review: Trading Experience

CEX.IO provides a trading experience tailored to different user segments. The platform’s interface, orders, and extra services allow newcomers, active traders, and even businesses to access crypto in ways that match their requirements.

Everyone

Beginners with a personal account often value straightforward deposits, quick crypto purchases, and a clear interface. CEX.IO addresses these needs by highlighting a simple buy or sell option that accepts payment cards or bank transfers.

Once logged in, you can pick your preferred currency, choose a crypto asset, and finalize the purchase in just a few clicks. The dashboard displays balances and transaction histories in an easy-to-read format, reducing confusion for first-time buyers.

Additional educational content, such as basic trading tutorials or tips on account security, can help new entrants. Even if you do not plan to explore margin trading or advanced order types, the platform’s core functionality still offers enough support to handle basic crypto trading, acquisitions, and holdings.

Traders

More experienced participants may gravitate toward the advanced trading interface, which shows order books, price charts, and custom order features like limit and stop orders.

CEX.IO also includes margin trading, letting skilled individuals borrow funds to potentially enhance returns. The maker-taker fee structure, which can be reduced for active traders with higher volumes, rewards consistent trading.

Technical indicators and charting tools guide analysis, but it is worth noting that some other exchanges might provide even more specialized instruments. CEX.IO has near-zero spread across 300+ markets. Due to liquidity from the largest exchanges, CEX.IO offers one of the deepest liquidity in the industry.

Overall, the platform is robust enough to support day traders and short-term speculators without overwhelming them with unnecessary bells and whistles.

Businesses

Companies or corporate clients seeking to manage or expand their crypto strategy can opt for CEX.IO’s dedicated services, including a business account. This structure supports multiple sub-accounts for different departments or usage scenarios.

Merchants might also use the platform for payment solutions, although it is not as specialized as certain crypto payment gateways. Another plus for businesses is the thorough identity verification, which can satisfy internal compliance or external regulatory requirements.

If you intend to run high-volume transactions or handle treasury management in cryptocurrency assets, CEX.IO’s specialized team can assist with an expedited onboarding process and possibly tailor fee models, based on the total volume or frequency of trades.

How to Sign Up on CEX.IO?

1. Create an Account: Visit the official CEX.IO website or install their mobile app. You will need an email address and a strong password. A verification email usually follows to confirm your account creation.

Create an Account

Source: CEX.IO

2. Complete Basic Profile: Provide personal details, such as your country of residence and email address.

Provide personal details

Source: CEX.IO

3. Identity Verification: You must undergo KYC checks to use most features, including higher deposit limits and fiat withdrawals. Upload a valid ID (passport or driver’s license). CEX.IO will then process these documents, typically within a couple of business days.

Complete KYC

Source: CEX.IO

4. Set Security Options: Enabling two-factor authentication (2FA) is highly recommended to protect against unauthorized access.

5. Deposit Funds: Once verified, you can add money via bank transfer, card payment, or crypto transfer. Each deposit method might involve different fees or timescales.

Choose Deposit Methods

Source: CEX.IO

6. Begin Trading: After your account is funded, pick which coin to buy or sell from the trading interface. You can also explore margin trading or advanced order types once you feel confident.

CEX.IO Account Management and Verification

CEX.IO runs a structured verification process that unlocks varied account features as you move through higher levels. A basic account can initiate small buys or sells but has tight limitations on how much can be transacted or withdrawn.

By uploading an ID, photo, or proof of address, you move up to higher tiers. These tiers provide bigger transaction caps, more payment options, and access to functions such as margin trading.

Alongside the tier system, the platform offers a well-organized account management panel where you can monitor current holdings, track past orders, and examine deposit or withdrawal histories. This section also includes the ability to enable two-factor authentication or to whitelist addresses for withdrawals. If you are a frequent traveler or plan to access your account from different locations, keep in mind that CEX.IO’s security routines may flag unusual logins.

Business or institutional accounts require extra documentation, such as company registration papers and authorized signatories. This approach ensures that corporate funds and activity meet the same compliance standards as individual accounts.

CEX.IO Review: Customer Service

CEX.IO’s customer support typically includes email submissions and a ticketing system for resolving more complex problems. Some users also report success contacting the team via social media, such as Twitter, especially during higher-volume trading periods.

While there is not always live chat on the main interface, the site offers a help center filled with FAQs and guides. Response times to tickets can vary based on the nature of the question or current user load, but the typical turnaround is within 24–48 hours.

Whether you are locked out of your bank account due to a security alert or just have deposit questions, documenting your situation with account details can expedite resolution. Overall, the platform appears to maintain a decent reputation for addressing user inquiries and technical issues.

CEX.IO User Reviews & Satisfaction

CEX.IO generally garners mixed but largely positive feedback. Browsing the reviews, you’ll see a lot of users like the straightforward buy and sell options, which allow easy entry to Bitcoin and major altcoins.

Others like the variety of deposit methods, especially for those without direct bank transfer routes. On the flip side, some smaller traders criticize the more expensive card deposit fees.

Sites like Trustpilot show that many complaints focus on longer-than-expected KYC procedures, particularly during high-traffic periods. On the other hand, satisfied users often highlight responsive customer service and reliable uptime. The exchange received an overall rating of 3.9/5, with 78% of users giving it a full five stars.

In the end, experiences can vary based on factors like transaction size or user location. Because crypto markets move quickly, prospective users should factor in recent reviews and remember that short-term technical issues can influence sentiment.

CEX.IO vs Other Exchanges Comparison

Here’s a side-by-side rundown of how CEX.IO stacks up to some other major exchanges. 

CEX.IO Coinbase Binance Kraken
Trading Fees Tier-based; 0.25% start Beginner-friendly buy fees 0.5% Low 0.1% base, possible discounts with BNB Maker-taker; 0.16% maker, 0.26% taker
Supported Cryptos Moderate range; mainstream & some altcoins Mainstream focus with select altcoins Broad coverage with hundreds of tokens Good coverage; top coins & some altcoins
Payment Options Credit/debit cards, bank transfers, crypto Credit/debit cards, limited local bank P2P, credit/debit cards, stablecoins, local fiat Bank transfers, wire, crypto deposits
Key Features Deep liquidity, margin trading Easy interface, strong US brand Wide liquidity, futures, margin, staking Reputation for security, margin & staking

Against platforms like Coinbase, CEX.IO typically supports more advanced trading tools and margin features, although Coinbase is often lauded for top-tier user experience and brand recognition. While Coinbase has more streamlined interfaces for beginners, CEX.IO counters with more deposit methods, especially helpful in regions where direct bank transfers are limited.

Compared to Binance, CEX.IO may offer lower-volume markets, especially for exotic tokens. Binance also tends to boast broader coverage of altcoins and has robust liquidity. On the flip side, some traders prefer CEX.IO’s regulatory stance and simpler approach to identity verification. Regarding advanced capabilities like savings and staking, both platforms offer them, though Binance’s ecosystem is more extensive.

For those prioritizing thorough compliance or a user-friendly environment with integrated loans, CEX.IO can stand out, whereas large-scale altcoin enthusiasts or day traders might lean toward a platform with higher volumes and lower fees.

CEX.IO Review: Conclusions

CEX.IO presents a balanced offering, delivering a regulated environment, diverse payment channels, and a blend of beginner-friendly and advanced trading features. Although its fees can be higher for certain deposit methods and some altcoins may lack high trading volume, the platform remains appealing to those who value compliance and a moderate selection of cryptocurrency options.

Between margin trading and fiat gateways, it covers many bases without overwhelming newcomers. If you want a recognized service that adheres to KYC and financial guidelines, CEX.IO is worth considering, though more specialized or high-volume traders might favor bigger exchanges for deeper liquidity or lower costs.

CEX.IO

User Score

9

CEX.IO Promotion

Get Sign Up Bonus

CEX.IO Review: FAQs

Who is CEX.IO best for?

It suits users seeking regulated exchanges with multiple payment methods, moderate coin offerings, and features like margin trading or staking. Beginners and advanced traders can find useful tools under one roof.

Does CEX.IO report to the IRS?

Due to legal obligations, US-based customers may have relevant data shared with authorities. CEX.IO often must comply with local tax and AML laws, so users should stay updated on reporting guidelines.

Which country is CEX.IO from?

CEX.IO is headquartered in the United States, Lithuania, St.Kitts and Nevis. It also has operational reach in 160+ countries, though certain products and features may differ based on local regulations or licensing.

Is CEX.IO better than Coinbase?

That depends on your priorities. Coinbase caters strongly to newcomers with a user-friendly interface, while CEX.IO may offer broader payment methods and margin trading. Both provide reliable services.

Is CEX.IO legit, or is it a scam?

CEX.IO is a legitimate, long-standing platform known for compliance and robust security measures. Most negative feedback relates to fees or verification speed, not fraudulent behavior.

What are the best alternatives to CEX.IO?

Alternatives vary by location, but many look to Binance for large asset selection or Coinbase for strong brand recognition. Others might favor Kraken, Bybit, or Gemini, based on personal requirements.

The post CEX.IO Review 2025: Is It a Legit & Safe Exchange? appeared first on NFT Evening.

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Rabby vs MetaMask: Which is a Better Crypto Wallet? https://nftevening.com/rabby-vs-metamask/?utm_source=rss&utm_medium=rss&utm_campaign=rabby-vs-metamask Fri, 24 Jan 2025 11:43:51 +0000 https://nftevening.com/?p=145360 The right choice of cryptocurrency wallet is important to ensure the safe handling of your digital assets. Rabby Wallet and MetaMask are two popular wallets that offer unique features.  Rabby

The post Rabby vs MetaMask: Which is a Better Crypto Wallet? appeared first on NFT Evening.

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The right choice of cryptocurrency wallet is important to ensure the safe handling of your digital assets. Rabby Wallet and MetaMask are two popular wallets that offer unique features. 

Rabby supports more than 100 EVM-compatible chains, prioritizing safety with pre-transaction risk scanning. MetaMask, on the other hand, offers a user-friendly experience for Ethereum-based tokens and seamless integration with dApps. 

Both wallets support swapping tokens and using a hardware wallet but have different fees, blockchain support, and usability. This comparison of Rabby vs MetaMask will help you decide which wallet best suits your needs.

What is Rabby Wallet?

Rabby Wallet

Rabby Wallet is a free crypto wallet that helps you manage your cryptocurrencies. It works with Ethereum and over 100 other EVM chains. With Rabby Wallet, you can store, send, and receive digital assets. It also lets you connect to decentralized applications (dApps) easily. The wallet automatically selects the right blockchain for each dApp, so you don’t have to switch chains manually.

Rabby Wallet is highly secure. It previews each transaction before you approve it, helping you understand what will happen. The wallet also scans for risks and alerts you to potential problems. For added safety, it supports hardware wallet integration like Ledger and Trezor.

Rabby Wallet offers extra features like token swapping and gas top-ups. Token swapping lets you exchange one cryptocurrency for another directly within the wallet. Gas top-up allows you to buy gas tokens needed for transactions, even if you don’t have any in your wallet. You can use Rabby Wallet on desktop computers and Android devices.

Pros

  • Multi-chain support: Compatible with over 100 EVM chains
  • Pre-transaction risk scanning: Identifies potential security threats before confirmation
  • Hardware wallet integration: Supports devices like Ledger and Trezor
  • In-app token swapping: Allows direct exchanges within the wallet
  • Automatic chain selection: Simplifies user experience across multiple networks

Cons

  • No staking functions: Lacks built-in staking capabilities on EVM-based blockchains
  • High gas top-up fees: Minimum deposit of $20 for gas top-up (along with a $4 fee)

What is MetaMask?

MetaMask

MetaMask is another free digital cryptocurrency wallet for Ethereum-based tokens. You can use it as a browser extension or mobile app. It lets you store, send, and receive cryptocurrencies like Ethereum (ETH) and other ERC-20 tokens. MetaMask also connects you to decentralized applications (dApps) on the Ethereum blockchain. 

MetaMask is a self-custody wallet, meaning you control your private keys and data. It supports Ethereum and other networks that work with Ethereum’s Virtual Machine (EVM). MetaMask has several key features. It allows you to swap tokens directly within the wallet, using multiple decentralized exchanges to find the best rates. This service charges a fee of 0.875% per transaction.

You can also buy cryptocurrencies using various payment methods, including credit cards and MoonPay. Additionally, MetaMask supports non-fungible tokens (NFTs), letting you manage and trade these digital assets. MetaMask is open-source software, meaning its code is available for anyone to review. Read our detailed MetaMask review for more info.

Pros

  • User-friendly interface: Easy for beginners to navigate
  • Supports Ethereum-based tokens: Compatible with all ERC-20 tokens
  • Integrated token swapping: Allows in-app cryptocurrency exchanges
  • Open-source software: Code is publicly accessible for transparency
  • Hardware wallet integration: Compatible with devices like Ledger and Trezor

Cons

  • Limited to Ethereum ecosystem: Does not support non-Ethereum coins like Bitcoin
  • No desktop application: Available only as a browser extension and mobile app
  • Transaction fees: Swaps incur a service fee of 0.875%

Why do people switch from Metamask to Rabby?

People switch from Metamask to Rabby because it offers better features, safety, and ease of use for decentralized finance (DeFi). Rabby works with all DApps that support Metamask, so switching is simple. Rabby focuses on safety by giving warnings when approving tokens. It alerts you about new or suspicious contracts and shows a trust score for contracts. This helps you avoid scams or bad contracts.

Rabby's Risk Alert when approving tokens

It also shows you the results of a transaction before you approve it. This way, you can check the details and avoid mistakes. Managing multiple wallets is easier with Rabby because it has one address book for all your accounts, unlike Metamask. It also warns you and asks for a password if you send money to an unknown address.

Rabby has a great tool to check token approvals. It shows the trust score for a smart contract and lets you manage several tokens at once. It works perfectly with hardware wallets like Ledger and Keystone Pro, making it easy to use without extra steps or problems.

Rabby gives you the best token swap rates by comparing different platforms without adding extra fees. It also automatically detects your tokens and switches networks for DApps without you needing to do anything.

In short, Rabby is safer, easier, and cheaper than Metamask.

Conclusion: Which is better?

In a nutshell, Rabby and MetaMask are two of the best crypto wallets, but they cater to different preferences. Rabby Wallet is a multi-chain wallet that is enhanced with higher safety features and has automatic network selection. MetaMask is geared toward new users or users working more heavily in the Ethereum network with a friendly user interface.

Ultimately, whether to choose Rabby or MetaMask will be dependent upon what matters to you, like security, usability, or compatibility. Both wallets provide great, secure services, but if one needs safety or even saves some costs, then Rabby would better serve than MetaMask.

FAQs

Is there a wallet better than MetaMask?

MetaMask is a popular cryptocurrency wallet, but alternatives like Rabby Wallet have features that differ from the others. Rabby Wallet supports more than 100 EVM-compatible chains, thus being more compatible than others. 

It automatically selects the right blockchain for each dApp, which increases user convenience. Moreover, Rabby emphasizes crypto security by providing pre-transaction risk scanning and integration with hardware wallets.

Who owns the Rabby wallet?

Rabby Wallet is developed by DeBank. It has a team spearheaded by Tang Hongbo, Co-Founder and CEO, and Xu Yong, Founder. DeBank is a company known for its portfolio tracker within DeFi and has expanded its offerings with Rabby Wallet to improve the user experience in managing digital assets across more than one blockchain.

Is Rabby a good wallet?

Rabby Wallet is so far the safest wallet option for multiple blockchains, designed by DeBank. It provides support for over 100 EVM-compatible chains and features auto chain selection, pre-transaction risk scanning, and among others

Its open-source nature allows for community scrutiny, which makes it more open and secure. There have been complaints about occasional bugs for some users and does not offer certain features, such as staking functions or fiat purchases.

The post Rabby vs MetaMask: Which is a Better Crypto Wallet? appeared first on NFT Evening.

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Coinbase Referral Code 2025: Get $10 BTC Bonus https://nftevening.com/coinbase-referral-code/?utm_source=rss&utm_medium=rss&utm_campaign=coinbase-referral-code Thu, 09 Jan 2025 04:17:14 +0000 https://nftevening.com/?p=144605 Coinbase is one of the most popular trading platforms for buying and selling cryptocurrencies. It offers a simple way to start your crypto journey while earning rewards through its referral

The post Coinbase Referral Code 2025: Get $10 BTC Bonus appeared first on NFT Evening.

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Coinbase is one of the most popular trading platforms for buying and selling cryptocurrencies. It offers a simple way to start your crypto journey while earning rewards through its referral program. Using the Coinbase invitation code allows you to earn sign-up bonuses when registering, trading, or even depositing.

This is a guide to explain what a Coinbase referral code is, the benefits it gives, how it can be used, and how you can get the most from the referral rewards.

coinbase

User Score

9.8

Coinbase Promotion

Get Bonus Up to $600

What is Coinbase Referral Code?

A Coinbase referral code is a promo code provided by Coinbase to encourage users to invite others to the platform. When you refer someone using this code, both you and the referred person can receive a bonus once certain conditions are met.

You can use our Coinbase referral link to get a $10 BTC bonus. For you to qualify, you have to deposit at least $25 and trade $100 worth of crypto. Coinbase also offers free crypto rewards when you watch videos, take quizzes, and learn about cryptocurrencies. Note that you will need to go through KYC verification for you to get these benefits.

Coinbase Referral Code Referral link
Sign-up Bonus $10 BTC
Terms and Conditions Deposit $25 and trade $100
Extra Coinbase Bonuses Free crypto for learning about crypto and taking quizzes
KYC Required Yes (Mandatory)

Coinbase Sign-Up Bonus and Rewards

A sign-up bonus is a benefit given to newly registered users as an incentive to join the platform. Typically, this has to be through certain actions that qualify one to receive the bonus, such as making a deposit or a purchase. These incentives are designed to encourage new users to get started and explore what the platform offers.

Coinbase offers you a $10 bonus in BTC when you deposit at least $25 and trade $100 worth of cryptocurrency. For more rewards, you can also browse through several educational videos and take quizzes on learning about crypto.

Coinbase Referral Bonus Terms & Conditions

  • New Users Only: The referral program applies only to new users who are not already registered on Coinbase. They must use your referral link to sign up and complete the identity verification process.
  • Trade Requirement: Both you and the referred user will receive the bonus after the referred person completes a cryptocurrency trade of $100 or more within 180 days of registration.
  • Bonus Type: The bonus is provided in the same cryptocurrency or currency as the trade, such as Bitcoin, Ethereum, or USD.
  • Bonus Timeline: The referral bonus will be credited to your Coinbase account within four days of the qualifying trade.
  • Unlimited Invitations: There is no limit to the number of people you can refer, but the rewards and conditions may vary based on your country and the time of participation.
  • Program Changes: The amount of the bonus and other referral conditions can change depending on your region and Coinbase’s policies at the time.
  • Identity Verification: Both the referrer and the referred person must complete KYC verification to qualify for the bonus.
coinbase

User Score

9.8

Coinbase Promotion

Get Bonus Up to $600

How to Use Coinbase Referral Code?

Using a Coinbase referral code is an easy and rewarding way to start your crypto journey while earning a $10 Bitcoin bonus. Let me walk you through the steps so you can understand the process clearly and make the most of it.

Step 1: Create a Coinbase account

The first thing you need to do is create a Coinbase account. You must use our Coinbase referral code or coinbase referral link to qualify for the bonus. Go to the Coinbase website or download their app on your phone. 

Once there, click the “Sign Up” button to start. You’ll see a form asking for basic details like your full name, email address, and a secure password. Make sure all the information you provide is accurate because Coinbase uses it for security and verification later. 

After filling in the form, agree to their terms and privacy policy, and submit your details. Coinbase will send you a confirmation email to verify your email address. Open that email and click the link they provide to activate your account.

Create a Coinbase account

Step 2: Complete KYC verification

After this, there is a step that verifies the identity of an individual, and it is essential for the entire process. For security and following all regulations, Coinbase has very tight rules on how your account must be kept. The process is known as KYC, “Know Your Customer”.

Log in to your account, and you’ll find a section for verification. Here, Coinbase will ask for your date of birth, address, and, if you’re in the U.S., the last four digits of your Social Security Number. You’ll also need to upload a photo of a government-issued ID like a driver’s license or passport.

Ensure the picture is clear and easy to read, so there won’t be a delay. Generally, this takes a short period of time; most people are verified within minutes, but sometimes it may take hours.

Complete KYC verification

Step 3: Deposit $25 and trade $100

Now that your account is set up and verified, it’s time to add some money to your Coinbase account. Start by logging in and heading to the “Buy/Sell” section. Choose a payment method that suits you best. 

This could be a bank transfer, a debit card, or any other option Coinbase supports in your region. Make sure to deposit at least $25 because this is the minimum amount required to qualify for the referral bonus.

To claim the bonus, you need to trade cryptocurrencies worth $100. Don’t worry; this doesn’t have to be in one go. You can trade smaller amounts multiple times until you reach a total of $100. 

Explore the cryptocurrencies available on Coinbase, like Bitcoin, Ethereum, or others that interest you. Pick the ones you want, and make your trades. Once you’ve hit the $100 mark, you’re one step closer to earning your bonus.

Deposit $25 and trade $100

Step 4: Claim a $10 Bitcoin bonus voucher

After completing the trade requirement, Coinbase will automatically credit your $10 Bitcoin bonus to your account. It usually takes up to four days for the bonus to show up, so don’t worry if you don’t see it immediately. You can check your Bitcoin balance under your portfolio to confirm when it arrives.

Coinbase Referral and Affiliate Program

Coinbase has two ways of rewarding you to share the platform with others, namely the Referral Program and the Affiliate Program. Here’s how each one works:

Referral Program

You can invite your friends and family to join Coinbase through the Coinbase Referral Program. If they sign up using your unique referral link and if they go ahead to successfully complete a trade with at least $100 in cryptocurrency in 180 days, then both you and your friend will receive a $10 Bitcoin bonus.

Affiliate Program

If you run a website, blog, or maintain a large following on social media, the Coinbase Affiliate Program can be a very good fit. Once you’ve applied and received approval, you’ll have all the tools and resources to effectively promote Coinbase.

One of the great things about the Affiliate Program is that you receive compensation in your local currency, regardless of where you are based. Additionally, you will be paid 50% of trading fees generated by your referrals during the first three months after signing up. The best part is that payments are electronic, either via PayPal or a bank account, so you won’t have to deal with lengthy processes.

Coinbase Referral and Affiliate Program

About Coinbase Exchange

Coinbase is one of the best crypto exchanges where you can buy, sell, and manage cryptocurrencies like Bitcoin and Ethereum. It was created in 2012 by Brian Armstrong and Fred Ehrsam and is based in the United States. Today, it’s available in more than 100 countries, so you can use it almost anywhere.

When you use Coinbase, you get access to over 250 different cryptocurrencies. This means you’re not limited to just Bitcoin or Ethereum; you can explore a wide variety of digital coins and tokens. You can use it on your computer or through a mobile app, so it’s convenient to manage your investments anytime.

Coinbase is extremely secure. A majority of the funds are kept offline in secure cold storage. It is also legal in many places and has all licenses, including MSB, to give users another layer of confidence.

Now, let’s discuss fees. If you are a buyer or seller on Coinbase Advanced, the fee you get to pay is 0.4% if you are a maker (you create orders) and 0.6% if you are a taker (you fill existing orders). Fees are relatively higher than the Binance or Bybit exchanges, but the appeal lies in the same reliability and ease of use of the exchange.

Adding money to your Coinbase account is simple. You can use bank transfers, credit or debit cards, or even PayPal. For those who want more advanced tools, Coinbase offers something called Coinbase Advanced Trade. It’s a separate platform with lower fees for larger trades and features like detailed charts and market analysis. This is perfect if you’re a more experienced trader. 

Read our detailed Coinbase exchange review here.

coinbase

User Score

9.8

Coinbase Promotion

Get Bonus Up to $600

Final Thoughts

In a nutshell, using a Coinbase referral code is an easy and rewarding way to start your cryptocurrency journey. It’s a simple process to earn bonuses, like $10 in Bitcoin, just by meeting a few basic requirements. Now, within the few steps outlined above; namely, sign up, confirm your identity, deposit some funds, and trade a little crypto, you can easily claim your reward. 

You also make additional money from this as you share your referral link with others. Generally speaking, the Coinbase referral code provides a great opportunity for new and existing users to gain rewards in the process of investing in crypto.

FAQs

How do I get $200 from Coinbase?

To get $200 from Coinbase, you need to take part in their promotion, usually through the referral program or special offers like Coinbase referral code and referral link sign-up. 

In most cases, the bonus is obtained after you sign up by using a referral link from a friend; complete your identity verification, that is, your KYC; deposit a sum of money; and trade at least $100 in cryptocurrencies.

If you meet the requirements, Coinbase will give you a bonus, usually in Bitcoin or another crypto. Be sure to meet the terms of the promotion, such as the minimum deposit or trade, to qualify for the $200.

What to do if the Coinbase coupon doesn’t work?

If your Coinbase coupon is not working, first of all, ensure that you have met all the requirements for the offer. There are some coupons that require you to verify your identity, deposit a certain amount, or even trade a given amount.

If that is not the case, then contact Coinbase support for further assistance. Maybe you are trying a coupon that has already expired or the terms of the offer change. Always read the terms of the promotion to know when it expires and if it applies only in some regions.

Can I use several Coinbase coupons at once?

No, Coinbase only lets you have one coupon at a time under an account, but this could vary depending on the promotion. Most of the offers are usually for newly signed users, so you can use only one coupon for your first sign-up or transaction.

If you have more than one referral link or promotional code, you may not be able to stack them for a bigger bonus. However, some limited-time offers or special promotions might allow different rewards, so it’s always worth checking the details of each offer.

How fast do Coinbase promo codes expire?

Coinbase promo codes have a specified time limit of usually between several weeks and even months. However, it may vary according to the promotion for which you got the code.

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Crypto.com vs Coinbase: Which Exchange is Better? (2025) https://nftevening.com/crypto-com-vs-coinbase/?utm_source=rss&utm_medium=rss&utm_campaign=crypto-com-vs-coinbase Sun, 05 Jan 2025 13:32:34 +0000 https://nftevening.com/?p=144125 Choosing the right exchange in the crypto world is essential, and crypto investors looking for intuitive platforms, reliable payment methods, and robust security measures should know the critical differences in

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Choosing the right exchange in the crypto world is essential, and crypto investors looking for intuitive platforms, reliable payment methods, and robust security measures should know the critical differences in Crypto.com and Coinbase. Both crypto exchanges offer extensive features, global access, and industry-standard security measures, but their approaches differ in fees, supported assets, and user experience.

Coinbase offers a user-friendly interface but often comes with higher fees, especially on small trades. In contrast, Crypto.com offers lower fees and a broader range of cryptocurrencies. Crypto.com also has extra earning opportunities through staking rewards and Visa card perks.

Let’s break down what each exchange brings to the table.

Crypto.com vs Coinbase: Quick Comparison

Feature Coinbase Crypto.com
Founded 2012 2016
Supported Cryptocurrencies 246+ major coins including Bitcoin, Ethereum,… 350+ major cryptocurrencies and around 580 trading pairs
Trading Fees Higher fees, around 0.4% maker / 0.6% taker on standard trades, plus potential spreads and higher costs for credit/debit purchases Lower fees, with discounts available by staking CRO; maker/taker fees often start around 0.1%–0.4% and can decrease further with higher volumes
Staking Limited staking options, mostly via Coinbase Earn Flexible staking with multiple tokens, Visa card rewards, DeFi lending
User Interface Extremely beginner-friendly with a simple, intuitive layout Feature-rich and comprehensive, though potentially overwhelming for complete newcomers
Security Features Robust compliance, FDIC insurance on USD balances, and institutional-grade security with cold storage Industry-standard security measures, 2FA, cold storage, and insurance coverage
Payment Methods ACH, wire transfers, credit/debit cards, and bank transfers Credit/debit cards, bank transfers, and crypto deposits; some regions may have additional local payment options
Withdrawal Limits High limits for verified users (up to $100,000/day) Tiered limits depending on verification and staking levels; limits may increase as you move up loyalty tiers
Customer Support Primarily email support, a help center, and FAQs; response times may vary In-app chat support, FAQs, and email assistance; potentially faster responses and more direct help channels
Advanced Trading Features Coinbase Advanced Trade with more sophisticated tools Margin trading, DeFi integration, more complex order types, Visa card perks
Educational Resources Coinbase Learn with tutorials, articles, and quizzes for earning crypto while learning

Basic help guides and some articles, limited educational resources compared to Coinbase

Crypto.com vs. Coinbase: At a glance

When comparing Coinbase vs Crypto.com at a glance, it’s evident that both rank among the top cryptocurrency exchanges known for reliable and secure environments. Coinbase is often the best crypto app for beginners, thanks to its intuitive interface, extensive educational resources, and easy-to-navigate tools. It has built a strong reputation, offering FDIC insurance for USD balances and catering to users who value simple crypto purchases.

On the other hand, Crypto.com appeals to those seeking lower fees, more advanced trading options, and various ways to earn crypto through staking rewards and Visa card perks. It supports a broader selection of crypto assets and frequently runs promotions to attract new users. While Coinbase charges higher trading fees overall, it delivers a regulated experience backed by compliance with financial institutions.

Coinbase Overview

Coinbase

Coinbase is one of the most widely recognized cryptocurrency exchanges, known for its simple interface and strong reputation. It caters primarily to newer crypto investors, providing an intuitive mobile app. This platform emphasizes regulatory compliance, offering FDIC insurance on USD balances and working closely with financial institutions to ensure a secure environment.

Coinbase services are straightforward: users can easily buy, sell, and store popular cryptocurrencies. Additionally, Coinbase offers access to Coinbase Wallet, a separate app for managing private keys. Beyond basic trading, Coinbase Advanced Trade users gain access to more sophisticated tools and features.

While Coinbase’s fee structures can be higher compared to some competitors, it justifies these costs with reliability, brand recognition, and substantial educational resources that help guide most users through their crypto journey. As a result, many consider Coinbase a solid starting point for newcomers entering the crypto ecosystem.

coinbase

User Score

9.8

Coinbase Promotion

Get Bonus Up to $600

Crypto.com Overview

Crypto.com

Crypto.com is a rapidly growing exchange and financial services platform that caters to both beginners and experienced traders. Unlike some competitors, Crypto.com offers more than just trading and gives you Visa debit card options, staking rewards, and access to decentralized finance tools. Its focus on versatility attracts users looking to earn crypto, reduce fees, and enjoy various payment methods, including bank transfers and credit or debit card purchases.

The platform supports hundreds of crypto assets, often adding new coins faster than its competitors. Crypto.com’s fee structure is generally more competitive, especially for those who stake CRO tokens to lower fees. The CRO token is the native token of the Cronos blockchain developed by Crypto.com. For those who desire a single platform offering trading, earning, spending, and saving opportunities, Crypto.com delivers an all-in-one solution.

crypto.com

Promotion

Sign up to get US$50 worth of CRO bonus

Deposit & Start Trading Today on Crypto.com

Code Valid: May 2025

Crypto.com vs. Coinbase: Features

When it comes to features, Coinbase vs Crypto.com reveals distinct strengths. Coinbase prioritizes simplicity and educational resources. Its platform teaches beginners how to trade cryptocurrency confidently, and its user-friendly mobile app provides straightforward buying and selling.

Coinbase also offers advanced trading features through Coinbase Advanced Trade for users seeking greater control over their trades. Another plus: Coinbase integrates easily with its proprietary crypto wallet and provides insurance for USD balances.

Coinbase Advanced Trade

Crypto.com, on the other hand, has a much greater appeal to those who want more than just basic trading. Beyond offering trading volume discounts and the potential for lower fees, it provides earning opportunities through staking rewards and lending services.

Crypto.com users can apply for a Visa card to spend their crypto assets in the physical world and receive cashback rewards. This holistic approach brings crypto deeper into everyday life.

Crypto.com Lending

While Coinbase focuses on foundational stability and user education, Crypto.com pushes broader financial integration. Both platforms incorporate industry-standard security measures and multi-factor authentication, ensuring user funds remain safe.

Winner: Both platforms offer robust services, but Crypto.com provides a more comprehensive ecosystem with staking rewards, Visa cards, and DeFi access.

Crypto.com vs. Coinbase: Supported Cryptocurrencies

Crypto.com supports a larger array of coins (350+ cryptocurrencies), often adding niche or emerging projects earlier than Coinbase. This tends to attract more adventurous traders looking to diversify portfolios. However, exploring lesser-known tokens involves greater risk and research.

Coinbase offer over 246 cryptocurrencies, however, focuses on a careful selection of more well-known or established cryptos. This results in a regulated and more beginner-friendly trading environment. This appeals to users who are new to cryptocurrency exchanges, and who place a higher value on simplicity and regulatory alignment.

Winner: Coinbase lists a curated selection of major coins, but Crypto.com supports a wider range of assets, including many emerging projects.

Crypto.com vs. Coinbase: Security

Both Crypto.com and Coinbase emphasize security measures to protect user funds and data. Coinbase’s strong regulatory relationships and recognized brand instill trust, while Crypto.com matches industry standards and consistently upgrades its protocols.

Crypto.com also prioritizes security, storing user funds in cold storage and maintaining strong encryption standards. The platform also has insurance policies to protect users from theft, while encouraging 2FA and following industry best practices. While it may not have Coinbase’s established regulatory reputation, it is proactive in strengthening its position and adopting proven security measures.

Coinbase, a publicly traded company, is well-known for its robust compliance and regulatory stance. It employs cold storage for most user assets, multi-factor authentication, and continuous monitoring. On top of that, any USD balances held on Coinbase are FDIC-insured (Federal Deposit Insurance Corporation).

Coinbase, a publicly traded company, is well-known for its robust compliance and regulatory stance.

Winner: Both prioritize security with cold storage and strong compliance, but Coinbase’s long-standing regulatory relationships and FDIC insurance on USD balances offer added peace of mind.

Crypto.com vs. Coinbase: Fees

Fee structures often influence the choice between Crypto.com and Coinbase. Coinbase’s fees is higher compared to some rivals, including Crypto.com, especially on small trades. Users may encounter trading fees, withdrawal fees, and varying rates depending on the payment method. While transparent, these fees can add up, making Coinbase less appealing to cost-conscious traders. High-volume traders will also see additional fees.

Coinbase Advanced fees

Crypto.com, however, often offers lower fees in almost every case, particularly for users who stake CRO tokens. Staking can reduce trading costs and provide access to other benefits, like better exchange rates or higher cashback on Visa card purchases. This approach rewards more active or engaged community members.

Crypto.com also frequently runs promotions and discounts aimed at attracting new users. That said, transaction fees still vary based on trading volume, coin selection, and transaction type.

Crypto.com trading fees

Winner: Coinbase tends to charge higher transaction fees, while Crypto.com offers potentially lower costs, especially for users who stake CRO tokens.

Crypto.com vs. Coinbase: User Interface and Experience

Crypto.com’s interface is also polished, but it may feel slightly more complex due to its broader range of features. Newcomers could find the platform’s extensive menus and integrated services overwhelming at first.

Coinbase is renowned for its interface. It’s clean, intuitive, and accompanied by tutorials and educational materials. This simplicity helps most users gain confidence early in their crypto journey.

In short, if priority is an effortless, beginner-friendly experience, Coinbase may be the safer bet. If you’re willing to invest a little extra effort to explore advanced tools, diversified services, and a richer ecosystem, Crypto.com’s user experience will pay off eventually.

Winner: Coinbase provides an extremely user-friendly platform perfect for beginners, while Crypto.com’s interface, though polished, can feel more complex.

Crypto.com vs. Coinbase: Access

Both crypto exchanges are available around the world, although regional availability and available payment methods will differ from country to country. Mobile apps for Android and iOS devices are available for both, enabling on-the-go trading.

Coinbase is highly regulated and accessible in many countries, focusing on markets where it can ensure compliance with local authorities. Crypto.com also aims for a broad global presence, often supporting more currencies, bank transfer options, and credit card purchases.

Winner: Both are globally accessible, but Crypto.com often supports a wider variety of payment methods and more diverse features.

Crypto.com vs. Coinbase: Customer Support

Coinbase provides email support and an extensive help center with FAQs, troubleshooting guides, and educational resources. While responsive, their support channels may sometimes feel slow during peak demand.

On the other hand, Crypto.com offers in-app chat and email support, along with a resource library. Some users report faster response times through the in-app chat function.

Winner: Coinbase leans heavily on self-help resources and email, while Crypto.com provides in-app chat support and potentially faster responses.

Conclusion: Which is better?

Deciding on Coinbase vs. Crypto.com depends on personal priorities. Coinbase offers a user-friendly platform, a strong reputation, and extensive educational resources, making it ideal for beginners. However, its fees can be higher.

Crypto.com excels in offering lower fees, a more diverse selection of cryptocurrencies, and additional financial services like Visa cards and staking. Although its interface may be more complex for newcomers, experienced traders might appreciate its breadth of features.

FAQs

How much does crypto.com charge to sell?

Fees vary by trade volume, payment method, and CRO staking levels. You can also lower fees by leveling up your CRO staking.

Is Crypto.com shutting down?

There is no indication that Crypto.com is shutting down. It continues to operate, expand, and introduce new features regularly.

Is crypto.com trustworthy?

Yes, Crypto.com is considered trustworthy. It uses robust security measures, partners with reputable custodians, and complies with regulatory standards.

Does Crypto.com have high fees?

Generally, Crypto.com does not have high fees. With CRO staking and promotions, users can often achieve lower trading costs.

The post Crypto.com vs Coinbase: Which Exchange is Better? (2025) appeared first on NFT Evening.

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Nansen Review 2025: A Look at Features and Performance https://nftevening.com/nansen-review/?utm_source=rss&utm_medium=rss&utm_campaign=nansen-review Tue, 31 Dec 2024 15:39:15 +0000 https://nftevening.com/?p=144195 If trying to harness the billions upon billions of on-chain data points of your preferred blockchain network seems like a lot of work, there’s a platform for that, and this

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If trying to harness the billions upon billions of on-chain data points of your preferred blockchain network seems like a lot of work, there’s a platform for that, and this Nansen review will give you the critical information you need to use it effectively.

Nansen is aiming to be the go-to spot for intelligent data and deep analysis. The tools this platform provides can help you discover the next big tokens, track the “smart money” trades, and even explore the NFT ecosystem in detail you never thought possible. Let’s dig into the details.

Nansen

Nansen Subscription

Special Discount - 10% OFF

Code Valid: May 2025

What is Nansen?

Nansen is a cutting-edge blockchain data analysis platform that uses advanced artificial intelligence, or AI, to instantly and effectively transform raw data from crypto transactions into clear insights for crypto enthusiasts. The platform harvests massive amounts of on-chain data from multiple networks simultaneously, then transforms, organizes, and interprets it through user-friendly dashboards.

Launched with a focus on transparency, the service seeks to eliminate guesswork by labeling wallets, identifying high-value traders, and offering signals that highlight emerging opportunities.

Nansen also offers highly specialized tools like the Wallet Profiler, NFT Paradise, and Smart Money trackers. These features were designed to help you analyze every move the top traders make and see the corresponding changes in volume and price movement.

Together, these features also help you discover promising tokens before they hit mainstream attention, analyze how top traders operate, and see changes in volume or price movement. It doesn’t matter if you’re drawn to gaming projects, NFT market activity, or token analysis, Nansen has tools to help you streamline and simplify the whole process. The platform maintains a sharp focus on providing deep data coverage for traders seeking a competitive edge.

Nansen

How to Use Nansen?

Getting started with Nansen involves creating an account, picking a subscription tier, and connecting your preferred wallets or networks for analysis. Once inside, you’ll find dashboards that display detailed metrics on token movements, wallet labels, and transaction histories. If you’re curious about certain entities or projects, you can search by name, token symbol, or wallet address.

Nansen’s interface focuses on clarity. You’ll see charts and tables highlighting key data points, plus filters for drilling down into exactly what you need. For example, you can track the performance of certain tokens over time or see where top traders are reallocating their funds. Features like NFT God Mode reveal deeper insights into collections, letting you quickly check mint dates, selling trends, and floor changes.

How to Use Nansen

How to follow Smart Money?

One of Nansen’s standout features is its ability to track “smart money,” a term for wallets believed to belong to highly successful traders, early investors, or influential entities. By examining these wallet labels, you can see how seasoned pros allocate funds, discover new tokens before they spike, or monitor large positions exiting certain markets. This level of transparency aims to separate noise from meaningful trends, giving you a data-driven perspective on where the crypto market may be heading.

When you open Nansen’s Smart Money dashboard, you’ll find a collection of labeled addresses with transaction histories, recent token swaps, and overall portfolio changes. You can check how often they move funds and whether they’re acquiring or selling specific assets. The platform’s system pinpoints top performers by analyzing historical performance and on-chain activity. For instance, if a well-known wallet suddenly buys into a lesser-known coin, Nansen’s alerts can signal a potential opportunity.

Follow Smart Money

By using the Smart Money tool, you’re essentially cloning research from high-conviction traders who invest with detailed market knowledge. It won’t guarantee success, but it can offer valuable clues for your own trading and investment decisions.

Portfolio

Nansen

Nansen Subscription

Special Discount - 10% OFF

Code Valid: May 2025

Nansen Products & Features

For those interested in on-chain money flows, Smart Alerts can notify you when specific wallets or tokens meet the criteria you set like a whale purchasing a new token. And if you want to track personal crypto performance, Nansen’s Portfolio dashboard consolidates your holdings across multiple chains, letting you see gains, losses, and asset allocations in one place.

Nansen Products & Features

The Wallet Profiler tool lets you examine individual addresses for transaction history, token balances, and movement patterns. Meanwhile, NFT Paradise offers an in-depth look at NFT collections, highlighting trading volume, floor prices, and trends that can guide buying or selling decisions. Another highlight is NFT God Mode, which digs even deeper into a project’s historical data and user engagement metrics.

Nansen Subscription Package

Free Plan

  • AI-powered Smart Search for on-chain data
  • Basic on-chain Signals on major market movements
  • Basic wallet and entity analytics to see holdings and activities
  • Basic token and NFT analytics to spot trends
  • Personalization features for a more customized experience
  • View multichain ecosystem performance across various crypto protocols
  • Manage up to 45+ EVM and non-EVM chains through Nansen Portfolio

Pioneer Plan – $99/month (Crypto Accepted)

  • Everything in Free, plus:
  • Nansen Labels for over 300 million addresses across 10+ chains
  • Deeper insights on Smart Money trades, trends, and portfolio moves
  • Enhanced on-chain Signals, including refined Signal filters
  • Advanced analytics on wallets, entities, labels, and segments
  • Expanded access to Token and NFT analytics
  • Further personalization features for optimized usage
  • Advanced table filtering by custom labels, segments, and Smart Money

Professional Plan – $999/month (Crypto Accepted)

  • Everything in Pioneer, plus:
  • Full access to every Nansen feature for comprehensive insights
  • Unlimited personalization to customize the Nansen experience
  • Institutional-grade research on key crypto trends and on-chain data
  • CSV data downloads for deeper analysis
  • Early access to newly released products and features
  • Dedicated Customer Success Manager for priority support
  • Multi-seat discounts are available for teams of five or more
  • Annual subscribers may join the Alpha Community for exclusive perks

Nansen Subscription Package

Is Nansen Legit & Worth it?

The platform’s transparent approach to labeling wallets and interpreting data has garnered a loyal user base among retail traders and professional investors alike. Many appreciate the depth of information, while others find new insights that would otherwise remain buried in raw blockchain records.

Whether Nansen is worth it ultimately depends on your trading and research style. If you value immediate signals on emerging tokens, real-time tracking of whales, or in-depth NFT market analysis, you may find it invaluable. If the cost itself might be a barrier, there are some Nansen promo codes out there that can help you cut your subscription cost by nearly a quarter.

Nansen

Nansen Subscription

Special Discount - 10% OFF

Code Valid: May 2025

FAQs

What is smart money?

Smart Money refers to wallet addresses identified as high-performing or influential investors, funds, and entities in the crypto space. Through deep analysis of their trading habits, Nansen helps you follow market movements and discover new opportunities often missed by casual observers.

What is Nansen 2?

Nansen 2 is an updated version of the platform, featuring enhanced dashboards, faster data processing, and refined wallet labeling. It aims to provide more detailed insights, covering additional chains and expanded features designed to boost user experience and data accuracy.

Nansen 2

How to get wallet labels?

Nansen’s system automatically assigns wallet labels based on on-chain behavior and transaction history. This means users don’t create these labels, they are created by the Wallet Profiler tool. If you have a subscription, you can use these labels to help you identify whales, exchanges, or other big players in the market.

Nansen Wallet Labels

Can I use Nansen for free?

While there is a free version of Nansen, it has relatively limited visibility and tracking capabilities and is more for getting the hang of how various features work, rather than ongoing free use. Get your feet wet with the free version, and when you’re ready, upgrade at a discount with a promo code for 10% off.

Nansen: Save 23% Promo Code

Nansen: Save 10% Promo Code

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Bybit vs MEXC 2025: Fees, Features, and Security Comparison https://nftevening.com/bybit-vs-mexc/?utm_source=rss&utm_medium=rss&utm_campaign=bybit-vs-mexc Sat, 21 Dec 2024 11:18:57 +0000 https://nftevening.com/?p=143425 The world of crypto trading is booming, drawing in millions of investors and traders globally. But for those just starting out, choosing the right trading platform can feel difficult. With

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The world of crypto trading is booming, drawing in millions of investors and traders globally. But for those just starting out, choosing the right trading platform can feel difficult. With so many options available, it’s important to weigh all factors like fees, security, supported coins, features, and how user-friendly the platform is.

In this guide, we will compare two popular cryptocurrency exchanges Bybit vs MEXC based on key trading features, fees, and overall trading experience to help you decide which platform suits your needs better. 

Bybit vs MEXC: Comparison Table

Feature Bybit MEXC
Best for Derivatives Trading No-KYC Trading
Founded 2018 2018
Leverage Up to 100x (Futures) Up to 200x (Futures)
Options Trading Yes (BTC & ETH)
Zero-Fee Trading No Yes (0% Maker Fee for Futures)
KYC Requirement Yes No (No-KYC trading available)
Trading Volume Higher trading volume, ranked 2nd globally Lower trading volume, ranked 10th globally
Liquidity Strong liquidity Slightly lower liquidity, especially for low-cap coins
Supported Cryptos 1,200+ coins 2,772+ coins
Spot Trading Fees 0.1% maker/taker 0.05% maker/taker
Futures Trading Fees 0.02% maker and 0.055% taker 0% maker and 0.02% taker
Futures Trading Yes, with up to 100x leverage Yes, with up to 200x leverage
Margin Trading Yes, 10x leverage
Copy Trading Yes Yes
P2P Trading Yes, with 100+ payment methods Yes, with fewer payment options
OTC Trading Yes, for large trades
Crypto Loans Yes Yes
Staking Yes, flexible and fixed options Yes, but less variety
NFT Marketplace Yes, available for trading
Mobile App Smooth experience Can be laggy during high trading activity
Security Rating (Certik) 85.58 (A Rating) 81.82 (A Rating)
Detailed Reviews Bybit review MEXC review

Bybit vs MEXC: Features

Bybit Standout Features

  1. Derivatives Trading: Bybit offers futures trading with up to 100x leverage. This allows you to trade large positions with small funds, giving you more profit opportunities. It supports perpetual futures contracts in USDT and USDC margined pairs for 100+ major cryptocurrencies, offering deep liquidity.
  2. Options Trading: Bybit also provides options trading for Bitcoin and Ethereum, a rare feature for crypto exchanges. Options let you hedge your trades or bet on price movements, making it a useful tool for advanced traders. MEXC does not support options contracts.
  3. Copy Trading: With copy trading, you can follow and replicate the strategies of experienced traders. This is perfect for beginners who want to learn or earn passively by trusting experts.
  4. P2P Trading: Bybit’s P2P platform supports over 100 local payment methods, including local bank transfers and digital e-wallets. You can trade crypto directly with others safely and at no extra fees.
  5. OTC Trading: The Over-The-Counter (OTC) desk helps users trade large amounts of crypto privately. This ensures there’s no impact on market prices, which is useful for institutional or high-net-worth traders.
  6. Crypto Loans: You can borrow crypto by offering your assets as collateral. This is handy for getting funds without needing to sell your holdings at low prices.
  7. Trading Bots: Bybit offers bots for automated trading based on pre-set strategies. These bots help execute trades 24/7, saving you time and optimizing profits.
  8. Staking: Bybit’s staking lets you earn passive rewards by locking your crypto. Flexible and fixed staking options allow you to choose based on your goals. It also offers liquidity mining through its Bybit DeFi wallet.
  9. Bybit Card: The Bybit Card converts crypto to fiat, allowing you to spend at over 90 million merchants worldwide. It is a debit card, making crypto practical for everyday use.
  10. NFT Marketplace: Bybit’s NFT Marketplace allows you to buy and sell digital collectibles and art. It supports various NFT projects, making it easy to explore the growing NFT market.

Note: Did you know that by using the Bybit referral code, you can unlock special bonuses when you sign up? You can enter our Bybit Referral Code below to enjoy up to 30,000 USDT in starter rewards and a 30% rebate on trading fees. Additionally, you also receive a welcome bonus of 20 USDT using the “80517” code.

bybit-logo-white

Bybit Referral Code

Earn Up to $30,050 Deposit Bonus

30% Trading Fee Discount

Code Valid: May 2025

MEXC Standout Features

  1. 200x Leverage Trading: MEXC offers up to 200x leverage on futures trading, one of the highest among crypto exchanges. If we compare, Bybit offers 100x leverage, and Binance and Bitget also offer up to 125x leverage.
  2. No-KYC Trading: MEXC allows users to trade without completing a Know Your Customer (KYC) process. This makes it easy to start trading quickly and ensures privacy for those who prefer not to share personal details. However, some features and withdrawal limits may require verification.
  3. Zero-Fee Futures Trading (0% Maker): MEXC offers zero maker fees on its futures market. This reduces trading costs significantly, especially for high-frequency and algorithmic (API) traders.
  4. Launchpad and Token Airdrops: MEXC’s Launchpad supports early-stage crypto projects, allowing users to invest before they become widely available. It also offers frequent token airdrops, giving users free crypto for participating in promotions or holding certain coins.
  5. Low-Cap and New Coin Support: MEXC is known for listing low-cap and newly launched cryptocurrencies. This makes it a go-to platform for traders seeking early opportunities in niche projects. However, trading lesser-known coins can carry higher risks due to volatility and low liquidity.
MEXC_square_logo-removebg-preview

MEXC Referral Code

Claim 8,000 USDT Sign-Up Bonus

Code Valid: May 2025

Bybit vs MEXC: Fees

Trading Fees

Bybit’s spot trading fees are quite competitive, with both maker and taker fees set at 0.1%. MEXC also has a very low fee structure, charging only 0.05% for both makers and takers. 

MEXC frequently hosts zero-fee trading events, making it a favorite for those seeking the lowest trading costs. It is known for offering some of the most affordable rates in the crypto industry, while Bybit becomes more cost-effective for traders handling high trading volumes.

Bybit trading fee rates

Regarding futures trading, MEXC provides an edge with a 0% fee for makers and just 0.020% for takers. Comparatively, Bybit charges 0.02% for makers and 0.055% for takers

This makes MEXC’s fees noticeably lower for futures trading. Both platforms provide additional benefits, including fee discounts and rewards, for VIP users based on their trading volume and account activity.

In addition to standard fees, Bybit and MEXC also have unique charges. Bybit includes funding fees for perpetual contracts, which depend on market conditions and your trading position. 

It also has liquidation fees for margin trading, though these are only applied in specific situations. MEXC similarly charges funding fees for futures contracts and provides discounts for high-frequency traders.

Deposit and Withdrawal Fees

For deposit fees, both platforms are on par. Neither Bybit nor MEXC charges fees for crypto deposits. However, if you deposit fiat currency, you may incur fees depending on the payment method. 

Bybit, for example, may include third-party service fees for fiat transactions. Similarly, MEXC follows the same approach, with the exact fee varying by the payment provider.

Withdrawal fees are another important factor. Again, MEXC generally has lower withdrawal fees compared to Bybit. For instance, withdrawing Bitcoin from MEXC costs 0.00003 BTC, while the same transaction on Bybit costs 0.00005 BTC. While the difference may seem small, it can add up for frequent traders. 

Both platforms display clear information about fees based on the specific cryptocurrency you are withdrawing, but MEXC’s slightly lower rates make it more appealing for some users.

Winner: MEXC offers lower fees for both spot trading and futures trading (0.05% vs. 0.1%), along with more affordable withdrawal costs for crypto network transactions.

Bybit vs MEXC: Supported Cryptocurrencies

Bybit offers over 1,200 coins and more than 1,600 trading pairs, focusing on popular crypto assets alongside emerging tokens. This makes it suitable for traders looking for a mix of major and mid-tier cryptocurrencies. 

On the other hand, MEXC leads with support for more than 2,772 coins and over 3,101 trading pairs. This makes it one of the platforms with the highest coin availability in the industry.

MEXC also frequently lists new and trending tokens earlier than many competitors. This is best for traders interested in niche or newly launched projects. Both platforms support major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), but MEXC provides better access to lesser-known tokens and experimental projects. This makes it an attractive option for altcoin investors.

Winner: MEXC offers more digital assets for traders with over 2,772 coins and 3,101 pairs, compared to Bybit’s 1,200 coins and 1,600 pairs.

Bybit vs MEXC: Security and Regulation

Both Bybit and MEXC are known for their strong security measures. Here is a quick safety overview:

  • Two-Factor Authentication (2FA): Both Bybit and MEXC implement 2FA, requiring users to authenticate with a secondary method during logins and withdrawals. You can either use SMS-based 2FA or Google Authenticator.
  • Anti-Phishing Code: You can set a unique anti-phishing code to ensure that official emails from both crypto exchanges are easily identifiable. This measure helps reduce phishing attempts and fraud.
  • Withdrawal Address Whitelist: Both platforms offer address whitelisting, allowing you to pre-approve specific crypto wallet addresses for fund withdrawals. This prevents unauthorized transfers even if an account is compromised.
  • Proof of Reserves (PoR): Bybit has over $18 billion in user assets, showcasing strong reserves according to DeFiLlama. MEXC, in comparison, holds around $1 billion, significantly lower.
  • Cold Storage: Both cryptocurrency exchanges store the majority of their funds in offline cold wallets, making them secure from online hacks. This method has been effective, as neither platform has reported any hacking incidents.

According to the cybersecurity agency Certik, MEXC has a safety score of 81.82 with an A rating, ranking it as the 10th safest crypto exchange among all platforms. On the other hand, Bybit performs slightly better with a safety score of 85.58 and an A rating, placing it among the top 6 safest crypto exchanges. 

These scores reflect the overall security practices, including measures like two-factor authentication, cold storage, and their response to security incidents.

In terms of regulations, Bybit holds a clear advantage. It operates under regulatory frameworks in multiple regions, including Georgia, the Netherlands, Kazakhstan, and Dubai, which enhances its credibility and aligns it with legal standards. 

On the other hand, MEXC is not regulated by any major financial authority, which may concern users who prioritize compliance and oversight.

Bybit vs MEXC: KYC Requirement

MEXC and Bybit have different approaches when it comes to KYC (Know Your Customer) requirements. 

Bybit requires users to complete certain levels of verification to unlock higher withdrawal limits and access specific features. It has two main KYC levels: Level 1 and Level 2

  • For Level 1, users need to provide identification documents and undergo facial recognition. Completing this allows a daily withdrawal limit of up to 1 million USDT with no cap on monthly withdrawals. 
  • Level 2 verification adds proof of residence, increasing the daily withdrawal limit to 2 million USDT while still maintaining no monthly limit. You can also increase your daily withdrawal limits by increasing your VIP tier.

MEXC, on the other hand, is widely recognized as a no-KYC crypto exchange, meaning users can trade without undergoing ID verification. For unverified accounts, users can withdraw up to 10 BTC per day

However, if users choose to verify their identity, higher limits are available. Basic KYC involves submitting personal details and an ID and raising the withdrawal cap to 80 BTC daily. Advanced verification adds facial recognition and increases the daily limit to 200 BTC, while institutional verification, which requires business documents, allows withdrawals of up to 400 BTC daily.

Winner: MEXC is best for those who value privacy and prefer trading without verification, while Bybit caters to users who prioritize higher limits and a more regulated experience.

Bybit vs MEXC: Deposits & Withdrawal methods

Bybit provides a broader range of fiat options. It supports deposits in over 60 fiat currencies and allows P2P transactions with more than 100 local payment methods

To buy crypto directly, popular deposit methods include SEPA transfers, Google Pay, and third-party services like MoonPay, Banxa, and Mercuryo. Bybit’s versatility makes it easier for users to convert fiat into crypto and vice versa.

MEXC only supports deposits in 3 fiat currencies: USD, EUR, and GBP. You can fund your account through methods such as credit/debit cards (Visa and Mastercard), SWIFT transfers, peer-to-peer (P2P) trading with local payment methods (like UPI and GPay), and third-party platforms like Banxa, Simplex, and Mercuryo. Plus, MEXC offers its Mastercard for payments. However, it does not support direct bank account transfers for fiat withdrawals.

Winner: Bybit is the winner in deposit and withdrawal options, as it supports over 60 fiat currencies and offers a wide range of payment methods.

Bybit vs MEXC: Trading Volume and Liquidity

According to CoinMarketCap, Bybit ranks 2nd in overall trading volume and liquidity, while MEXC holds the 10th position. Bybit records a spot trading volume exceeding $7.5 billion and has a liquidity score of 676, indicating strong market depth and efficient order execution. MEXC, with a spot trading volume of $4.5 billion, achieves a slightly higher liquidity score of 687. Both exchanges are good for crypto day trading.

Bybit ranks 2nd in overall trading volume and liquidity

However, MEXC’s large number of supported cryptocurrencies dilutes its liquidity, particularly in low-cap altcoins, where trading activity is less concentrated. Both platforms maintain high liquidity for popular tokens, but Bybit’s fewer yet more concentrated offerings ensure stronger liquidity across its listed markets.

Winner: Bybit has higher trading volume and liquidity than the MEXC exchange.

Bybit vs MEXC: User Experience and Customer Support

During our Bybit vs MEXC comparison, we found that Bybit offers a better user experience than MEXC due to its clean design and smooth performance. One of its best features is the Unified Trading Account, which lets you manage spot, futures, and options trading from one place. 

This makes it easier to handle your funds without moving them between wallets. Bybit’s platform runs fast and doesn’t lag, even during busy trading times. Its mobile app is just as smooth, making it reliable for on-the-go trading.

MEXC, while offering a wide range of features and trading pairs, has a more cluttered interface that may feel overwhelming for new users. Its interface is less organized, and the platform sometimes lags, especially when trading activity is high. This can be frustrating if you’re trying to execute trades quickly.

Both exchanges provide 24/7 customer support via live chat and email. Bybit, however, delivers quicker response times and more in-depth solutions, along with a well-organized help center that features tutorials and FAQs to assist traders at all levels.

Winner: Bybit offers a better user experience compared to MEXC.

Final Verdict: Which is Better?

To conclude our Bybit vs MEXC comparison, both exchanges offer impressive features, but they cater to slightly different types of users. Bybit stands out for its advanced tools like derivatives trading with up to 100x leverage, options trading, and a smooth user interface. It is ideal for experienced traders looking for a reliable platform with strong security measures. 

MEXC provides a wide selection of low-cap and new coins, higher leverage of up to 200x, and zero-fee futures trading, making it perfect for traders looking to explore early-stage cryptocurrencies. However, Bybit has a more polished user experience and better customer support. Both exchanges have strong security, but MEXC offers no-KYC trading, which appeals to privacy-conscious users.

FAQs

Is MEXC a reliable exchange?

MEXC is considered reliable by many crypto traders. It is ranked #10 among crypto exchanges on CoinMarketCap for liquidity and trading volume. The platform has robust security measures like 2FA, withdrawal whitelists, and cold storage for funds. MEXC has never been hacked, which adds to its trustworthiness. 

According to Certik, a leading blockchain security firm, MEXC has a safety score of 81.82 and an “A” rating. It also provides access to many new and low-cap coins, making it a popular choice for early adopters.

Are Bybit and MEXC available in the US?

Both Bybit and MEXC are not fully available in the United States due to regulatory restrictions. Bybit specifically prohibits US residents from using its platform, but some users access it via VPNs. 

MEXC also has limited access for US users and advises traders to check their local regulations before signing up. Despite their restrictions, both platforms remain popular globally and offer extensive features for non-US customers.

Is Bybit better than MEXC?

Bybit excels in derivatives, offering up to 100x leverage, and has features like options trading, copy trading, and a smooth user experience. It also supports over 60 fiat currencies for deposits. 

MEXC shines in its support for low-cap and new cryptocurrencies. It also offers high leverage (200x) and zero maker fees in futures trading. Bybit is better for advanced trading tools and a polished interface, while MEXC is ideal for discovering niche coins.

Can I buy crypto without KYC on Bybit and MEXC?

You cannot trade or deposit crypto on Bybit without completing KYC (Know Your Customer) verification. Bybit requires full verification before you can make deposits or trade. However, you can still withdraw up to 20,000 USDT per day without KYC. 

MEXC allows users to trade and withdraw up to 10 BTC daily without completing KYC. This makes MEXC more accessible for users who prefer not to share personal details.

The post Bybit vs MEXC 2025: Fees, Features, and Security Comparison appeared first on NFT Evening.

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MoonPay Review 2025: Is It Safe and Legit? https://nftevening.com/moonpay-review/?utm_source=rss&utm_medium=rss&utm_campaign=moonpay-review Fri, 20 Dec 2024 04:14:31 +0000 https://nftevening.com/?p=143672 If you’ve ever wondered, “Is MoonPay legit and safe?” or wanted a simple way to buy crypto, you’re in the right place. In this MoonPay review, we’ll break down everything

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If you’ve ever wondered, “Is MoonPay legit and safe?” or wanted a simple way to buy crypto, you’re in the right place. In this MoonPay review, we’ll break down everything you need to know about this popular platform.

MoonPay makes it easy for anyone to buy and sell cryptocurrencies or even NFTs using regular payment methods like credit cards or bank transfers. But with so many crypto platforms out there, you’re probably asking, “What makes MoonPay different?” or “Are the fees worth it?”

Don’t worry, we’ve got you covered. From how MoonPay works to its pros, cons, and fees, this guide will help you decide if it’s the right choice for your crypto journey.

Moonpay

User Score

9.7

Promotion

Buy, Sell & Swap Crypto on MoonPay Today

What is MoonPay?

What is MoonPay?

MoonPay is a fintech company that supports buying and selling cryptocurrencies and NFTs. Founded in 2019, it is now a major crypto platform in the Web3 ecosystem. MoonPay’s core offering is exchanging fiat currencies, like US dollars or Euros, for cryptocurrencies such as Bitcoin and Ethereum. It has an easy-to-use payment gateway that integrates with over 500 partners, including best crypto exchanges, crypto wallets, and NFT marketplaces.

The company offers “MoonPay Balance”. This lets you add money to your account and use it instantly to buy crypto. No fees for these purchases, and you can withdraw them back to your bank anytime. It’s flexible and hassle-free. The platform supports over 50 crypto assets, so there’s plenty of choice. The approval rates for transactions are also very high, meaning fewer delays.

Apart from crypto payment solutions, MoonPay also expanded into Web3 services. In 2022, it launched HyperMint, a platform for creating and managing NFTs, attracting brands like Puma and Universal. This positions MoonPay as more than a payment company.

Pros

  • Easy buy, sell, and swap 50+ cryptocurrencies
  • Accepts multiple payment methods, including credit cards, bank transfers, and local payment options
  • Advanced encryption (AES-256) and compliance with regulatory KYC standards
  • Integrates with wallets, exchanges, and NFT marketplaces like OpenSea
  • It offers a non-custodial MoonPay wallet to store BTC, ETH, SOL, or XRP

Cons

  • No advanced crypto trading tools like futures trading or margin trading

MoonPay Features & Security

  1. Buy, Sell, Swap, and Hold Crypto in MoonPay Wallet: MoonPay allows you to buy and sell cryptocurrencies and NFTs using fiat money. You can start by entering the amount and choosing your preferred digital asset. Payment options like credit cards, bank transfers, and mobile wallets make the process fast. Crypto or NFTs are sent to your wallet in minutes after the transaction is completed.
  2. Crypto Wallet and Exchange Integration: It integrates with popular cryptocurrency wallets and exchanges. Supported platforms include Trust Wallet, MetaMask, and exchanges like Bybit and OKX
  3. NFT Checkout: MoonPay’s NFT Checkout helps with buying and selling NFTs. You can purchase NFTs with a credit or debit card. This feature supports multiple blockchains, including Ethereum and Solana
  4. Multiple Payment Methods Supported: It offers various payment options like credit/debit cards, SEPA transfers, UK Faster Payments, Apple Pay, PayPal, Venmo, and Google Pay. It even supports localized methods like PIX in Brazil and YellowCard in Nigeria. This flexibility ensures you can choose the most convenient option for your transactions.
  5. Mobile App: The MoonPay mobile app provides a user-friendly way to buy and manage crypto and NFTs on your smartphone. Available for iOS and Android, the app supports over 50 cryptocurrencies and multiple blockchain networks. It’s designed with simplicity in mind. This features integration with Web3 dApps and NFT marketplaces. 
Moonpay

User Score

9.7

Promotion

Buy, Sell & Swap Crypto on MoonPay Today

MoonPay Fees

MoonPay’s fees depend on the payment method you choose and the currency you’re using. When buying crypto, using a credit or debit card comes with a fee of 4.5% of the transaction amount, but there’s a minimum charge of $3.99 (or its equivalent in euros or pounds)

On the other hand, bank transfers are cheaper, with only a 1% fee, though the same minimum charge of $3.99 applies

If you’re in Nigeria and using peer-to-peer (P2P) bank transfers, the fee is slightly higher at 1.5%. In Brazil, transactions in Brazilian Real (BRL) via PIX come with a fee of 2.95%.

For selling crypto, bank transfers in regions like the EU, UK, or US have a 1% fee, again with a $3.99 minimum. If you sell directly to a card, the fee jumps to 4.5%, with the same minimum threshold.

One important thing to keep in mind is the network fee. This isn’t something MoonPay controls; it’s a separate cost set by the blockchain.

How to Sign Up and Use MoonPay?

  1. Sign Up with Email: To start, simply sign in using your Google account or enter your email manually. MoonPay’s quick Google sign-in option makes the process easy, especially since many users already have Google accounts.
  2. Go to Dashboard: Once you’re signed in, you’ll land on the dashboard. It’s designed to be user-friendly, showing key information like crypto prices, conversion rates, and trending NFT collections.
  3. Choose Your Crypto (BTC or ETH): Now, choose the cryptocurrency you want to buy. MoonPay service supports over 50 digital assets. Enter how much you want to spend, and MoonPay will show the transaction fees. When you’re ready, click “Continue”.
  4. Complete KYC Measures: To comply with regulations, MoonPay requires you to verify your identity. You’ll need to provide your personal details and upload an ID document (like a driver’s license or passport). This step ensures secure and safe transactions.
  5. Select Payment Method and Finish Your Transaction: Finally, choose a payment method – credit/debit card, bank account transfer, or Apple Pay. MoonPay will show you the cost breakdown for each option. After completing the payment, enter your crypto wallet address, and MoonPay will send the crypto to your wallet, usually within minutes.

Read Full Guide: https://support.moonpay.com/customers/docs/what-is-moonpay

Is Moonpay legit?

Yes, MoonPay is a legitimate platform for buying and selling cryptocurrencies. It complies with regulatory standards like Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements. The platform uses advanced encryption technologies, such as AES-256 and Transport Layer Security (TLS).

Final Verdict

To wrap up this MoonPay review, it’s clear that the platform is a convenient option for buying and selling cryptocurrencies. You get features like multiple payment methods, mobile compatibility, a good customer support team, and a secure system with strict KYC and AML standards. 

While it may have some limitations like high fees, no crypto storage options, and no advanced tools, it remains beginner-friendly with quick transactions and easy navigation.

Moonpay

User Score

9.7

Promotion

Buy, Sell & Swap Crypto on MoonPay Today

FAQs

Is Moonpay right for me?

Yes, MoonPay is right for both beginners and experienced cryptocurrency users due to its user-friendly interface, support for all popular coins, and multiple payment methods. If you’re looking for a user-friendly platform to buy, sell, or swap crypto, MoonPay is a good fit. However, if you prioritize low transaction fees or want leverage trading features, you might want to explore alternatives like Binance or Bybit.

Can I use MoonPay on mobile?

Yes, MoonPay has a mobile app. It allows you to buy and sell cryptocurrencies directly from your phone. The app is available on both Android and iOS.

What is the best alternative for MoonPay?

Some of the best alternatives to MoonPay include crypto platforms like Binance, Coinbase, and Bybit. These exchanges often have lower fees, more advanced trading features like perpetual futures contracts, and a larger selection of cryptocurrencies.

Does MoonPay require KYC?

Yes, MoonPay requires KYC verification to comply with global financial regulations. This involves submitting personal information, including your ID, name, and address.

Is Moonpay safe to use?

Yes, MoonPay is safe to use as it implements multiple advanced security measures to protect user data and transactions. The platform uses AES-256 encryption. This is a high standard for securing sensitive information during storage and transmission. MoonPay also supports two-factor authentication (2FA). Plus, MoonPay complies with global regulatory standards, including Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, to prevent fraudulent activities.

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Coinbase Review 2025: Pros, Cons, Features and Safety https://nftevening.com/coinbase-review/?utm_source=rss&utm_medium=rss&utm_campaign=coinbase-review Thu, 12 Dec 2024 04:23:17 +0000 https://nftevening.com/?p=143137 Coinbase ranks #3 out of cryptocurrency exchanges in terms of trading volume. But is it the right exchange for you? Whether you’re just starting with Bitcoin or looking for advanced

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Coinbase ranks #3 out of cryptocurrency exchanges in terms of trading volume. But is it the right exchange for you? Whether you’re just starting with Bitcoin or looking for advanced trading options, this review will help you decide.

We’ll cover everything from security and fees to supported coins and crypto trading features. In this guide, you’ll learn exactly what makes Coinbase stand out – and where it falls short.

coinbase

User Score

9.8

Coinbase Promotion

Get Bonus Up to $600

Coinbase Exchange Review: Quick Summary

Platforms Coinbase Simple and Coinbase Advanced Trade
Headquarters Operates without a central headquarters (formerly based in San Francisco, California, USA)
Launched Date 2012
Regulatory License Registered with FinCEN in the U.S.
Spot Crypto Available 246+
Trading Fees Coinbase Basic: Up to 3.99% per trade

Coinbase Advanced: 0.4% maker and 0.6% taker fees

Fiat Currencies Supported Includes USD, EUR, GBP, and more in select regions
Payment Methods Bank transfers, debit/credit cards, PayPal, SEPA, SWIFT, Apple Pay, and Google Pay
Insurance $250,000 for cash balances
Customer Support Phone, e-mail, live chat, and Help Center resources.
Mobile App iOS and Android

What is Coinbase?

Coinbase official website

Coinbase is one of the top cryptocurrency exchange that started in 2012. It was created to make trading Bitcoin easy for everyone. Over time, it grew into one of the biggest crypto platforms in the U.S. Today, more than 110 million people from over 100 countries use Coinbase. It supports trading for 246+ cryptocurrencies, making it great for both beginners and advanced traders.

The company no longer has a headquarters because it has become a fully remote organization. Before this, its base was in San Francisco, California. Coinbase is registered with FinCEN in the U.S. and follows strict rules to comply with regulations in different countries. However, it is under investigations by the SEC for operating as an unregistered national securities exchange since June 2023.

Recently, Coinbase merged all accounts from Coinbase Pro into their “Advanced Trade” platform. This new platform offers more tools for trading, while still being user-friendly. It also has features like Coinbase Earn, where you can learn about new cryptocurrencies and get free tokens. dec

Pros

  • Simple and easy-to-use interface for beginners
  • Industry-leading encryption and security protocols
  • 246+ coins and tokens available for trading
  • Educational content through its Coinbase Earn program
  • Self-custody feature using Coinbase Wallet
  • Staking services on over 100+ crypto assets

Cons

  • Fees are higher compared to some other cryptocurrency exchanges
  • Many user report long wait times for customer support
  • Coinbase users have complained about sudden account holds or restrictions

Cryptocurrencies Available on Coinbase

Coinbase allows trading of over 246 cryptocurrencies, including a wide range of altcoins and newly launched tokens. The platform features coins from various sectors like metaverse, decentralized finance (DeFi), non-fungible tokens (NFTs), meme coins, artificial intelligence (AI), and RWAs.

The most popular cryptocurrencies available on Coinbase are:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • USD Coin(USDC)
  • Solana (SOL)
  • XRP (XRP)
  • Dogecoin (DOGE)
  • Cardano (ADA)
  • Toncoin (TON)

Investing Options: Ways to Invest with Coinbase

Coinbase provides several ways to invest in cryptocurrencies. One of the main ways to invest is through buying and selling 246+ cryptocurrencies. Coinbase supports a wide range of popular coins like Bitcoin, Ethereum, and Dogecoin. 

Coinbase also offers a staking feature. This means you can earn rewards by holding certain cryptocurrencies, like Ethereum or Solana, in your Coinbase account. The process helps support the network and in return, you get some extra coins as a reward.

For long-term investors, Coinbase makes it possible to integrate cryptocurrencies into retirement accounts, like IRAs. This allows you to hold and grow your crypto investments in a tax-advantaged account.

If you’re an institutional investor, Coinbase has a special service called Coinbase Prime. It provides advanced tools for large investors, including secure storage, trading, and staking options.

Coinbase Features

  • Coinbase Advanced: Coinbase Advanced (formerly Coinbase Pro) is for experienced traders. It offers over 550 trading pairs and advanced features like stop-limit orders, real-time market data, and charting tools powered by TradingView. The platform also provides lower trading fees compared to standard Coinbase and supports APIs for automated trading. It’s ideal for those who trade regularly or deal with large volumes
  • Coinbase One: Coinbase One is a subscription plan costing $29.99/month. It offers zero trading fees on transactions up to $10,000 each month and priority 24/7 phone support. The subscription also includes $1 million account insurance and boosted rewards for staking and USDC balances.
  • Coinbase Wallet: The Coinbase Wallet is a decentralized wallet that allows you to manage crypto, NFTs, and DeFi investments securely. It supports thousands of assets and includes advanced features like decentralized exchange (DEX) trading and DAO participation. Your private keys are secured with a 12-word recovery phrase.
  • Coinbase Prime: Coinbase Prime is for institutional clients, offering secure custody, advanced trade execution, and APIs for automation. It includes integrated features for trading and managing assets, tailored for large-scale operations. Prime supports businesses with compliance tools and advanced reporting.
  • Coinbase Commerce: Coinbase Commerce helps businesses accept cryptocurrencies like Bitcoin and Ethereum as payments. It allows instant crypto conversions to fiat currency, and no transaction fees are charged by Coinbase. The tool integrates easily with platforms like Shopify, making it a simple solution for e-commerce businesses.
  • Derivatives Exchange: Coinbase’s Derivatives Exchange focuses on crypto perpetual futures contracts. It offers up to 10x leverage on BTC and ETH.

Coinbase Fees

Trading Fees

For regular transactions, the Coinbase fees depend on how much you’re buying or selling. If your transaction is under $10, you pay $0.99. Between $10.01 and $25, the fee is $1.49. If you go above $200, they charge a percentage, which can be up to 3.99%.

Coinbase also adds something called a “spread fee”. The spread fee is usually about 0.5%, but it can change. So, what you see as the market price might not exactly match what you pay or get when you trade.

If you use Coinbase Advanced, the fee structure is a bit different. It’s better for high-volume traders. Instead of fixed fees, they have maker and taker fees. Makers add orders to the market, and takers take them off. The best thing here is that the more you trade, the less you pay in fees. Plus, there are no spread fees in this advanced setup.

Here are the full Coinbase Advanced fees:

30-Day Trading Volume Coinbase Taker Fee Coinbase Maker Fee
$0K-$10K 60bps 40bps
$10K-$50K 40bps 25bps
$50K-$100K 25bps 15bps
$100K-$1M 20bps 10bps
$1M-$15M 18bps 8bps
$15M-$75M 16bps 6bps
$75M-$250M 12bps 3bps
$250M-$400M 8bps 0bps

Deposit and Withdrawal Fees

Coinbase charges fees when you deposit or withdraw money, and these depend on the payment method you use.

Funding Method Deposit Fee Withdrawal Fee
Bank Transfer (ACH) Free Free
Wire Transfer $10 $25
SEPA Transfer €0.15 Free
SWIFT Free £1

For withdrawing in cryptocurrency, Coinbase doesn’t charge a fixed fee. Instead, you pay a network fee. This is a fee paid to miners or validators who help process your transaction on the blockchain. The amount depends on how busy the blockchain network is at the time. If you’re withdrawing during peak times, the fee could be higher.

coinbase

User Score

9.8

Coinbase Promotion

Get Bonus Up to $600

Customer Service

Coinbase provides several customer support options, but reviews indicate mixed experiences. Users can access support through email (support@coinbase.com), live chat, and a phone line (for Coinbase Card users or locking accounts).

There is also an extensive help center with FAQs, guides, and automated assistance. Premium services, such as Coinbase One, include 24/7 priority support.

However, Coinbase has faced criticism for its support. Many customers have complained about receiving automated responses instead of personalized solutions. According to reports, Coinbase had one of the highest complaint rates among exchanges, with over 1,000 cases reported to the Consumer Financial Protection Bureau during one year. Issues like long response times and limited ways to escalate problems have been common grievances.

Security

  • Public Company in the USA: Coinbase became the largest public crypto company in April 2021. This means it must share financial statements every quarter and get audited every year by an independent party, making its financial activities transparent and trustworthy.
  • Full 1:1 Asset Backing: The platform maintains a 1:1 reserve policy for customer assets. This means that the crypto you hold on Coinbase is always fully backed by real assets, and Coinbase does not use your crypto for any other financial activities.
  • Cold Storage for Maximum Protection: To protect against hacks, Coinbase stores 98% of all customer funds in cold storage. These funds are kept offline in encrypted hardware devices that are distributed across multiple vaults and locations.
  • Crime Insurance Coverage: Coinbase offers a crime insurance policy that covers customer assets up to $250,000 per individual, per bank. This insurance is backed by reputable institutions like JPMorgan Chase and Cross River Bank.
  • Licensed and Regulated Worldwide: Coinbase has licenses in the US for money transmission and is recognized by FinCEN. In Europe and the UK, it is authorized by the Financial Conduct Authority (FCA) to issue e-money and provide payment services.

For more info about its safety measures, check out our guide on Is Coinbase a safe crypto exchange.

Coinbase App Review

The Coinbase app is available for both Android and iOS devices. It has a simple design that makes buying and selling over 246 cryptocurrencies easy, even if you’re new to crypto. Features like price tracking and educational tools are built right into the app.

The app offers two-factor authentication, biometric logins, and offline storage for most funds, making it very safe for your assets. The app supports crypto staking for earning rewards and has a wallet integration for NFTs and DeFi trading. It even lets businesses use crypto payments through Coinbase Commerce.

Coinbase mobile app

Opening a Coinbase Account

  1. Create an Account: Go to the Coinbase website or download the app. Enter your email, set a strong password, and choose your country. After that, verify your email to complete the first step.
  2. Complete KYC (Know Your Customer): To keep your account safe, Coinbase needs your ID proof. Upload a government ID, like a passport or driver’s license, and maybe take a selfie. It usually takes a few minutes to verify.
  3. Deposit Funds: Add money to your account using a bank transfer, credit card, or even PayPal (in some countries). The minimum deposit is often just $10, making it easy to start.
  4. Start Buying Crypto: Use your funds to buy Bitcoin, Ethereum, or any other crypto on Coinbase. You can buy as little as $1 worth of crypto, so you don’t need a big budget to begin.

Payment Methods

Depositing or withdrawing money from Coinbase is easy because it supports several payment methods. First, you’ll need to link a payment option to your account. The most common choice is a bank account.

If you use ACH transfers, it’s available for both deposits and withdrawals, but it takes around 3 to 5 business days to process. For quick deposits, you can use a debit card. The money shows up in your Coinbase account instantly, but debit cards can’t be used for withdrawals. If you want speed for both deposits and withdrawals, PayPal is another good option. It works almost instantly, making it one of the fastest methods available.

For those outside the U.S., Coinbase offers several other payment methods:

  • Google Pay
  • Apple Pay (debit cards)
  • SWIFT
  • Faster Payments Transfer
  • SEPA Transfer
  • PayPal
  • iDeal

Customer Reviews & Satisfaction

Many users praise Coinbase for its clean and user-friendly interface. It provides multiple options for buying, selling, and storing a wide range of cryptocurrencies. The platform also integrates with the Coinbase Wallet and supports educational tools like Coinbase Earn, where users can learn and earn crypto​.

However, customer complaints frequently focus on high fees. For instance, purchasing crypto with a debit card can incur higher fees compared to another payment method. Security is another common concern, with some users reporting problems like account hacks, account freezes, or difficulties accessing their accounts during high trading volume times.

Users reporting difficulties accessing their accounts during high trading volume times.

For instance, a user reported being locked out of their account for over three months and, despite numerous attempts to resolve the issue, couldn’t get any assistance. They tried various methods, including multiple channels and even posting reviews, but nothing worked. Eventually, their review account was also blocked, adding to the frustration. Fortunately, they found assistance through a third party and were able to recover their funds.

Another user shared their frustration with Coinbase’s support structure, describing it as horrible”. After changing phones, they were locked out of their account and, despite having their ID verified twice and numerous emails and calls, they remained unable to regain access.

A different user highlighted the inadequacy of Coinbase’s email support, stating that they received the same two copy-pasted responses every time, which didn’t even address them by the correct name. Their account was at risk of being shut down, and they felt that Coinbase was committing fraud by blocking access”.

Similarly, a user reported being unable to access their account for over four months. Despite multiple attempts to resolve the issue, they were met with generic responses and no progress.

These accounts underscore recurring issues with Coinbase’s customer support, including difficulties in accessing accounts, receiving timely and effective assistance, and resolving problems satisfactorily. On Trustpilot, Coinbase has an average rating of 3.9 out of 5, indicating widespread dissatisfaction with customer service. Many traders have voiced frustration with the customer support system, which has been criticized for slow response times and lack of effective assistance during critical issues.

Coinbase vs. Other Exchanges

Kraken, Binance, and Crypto.com are the best Coinbase alternative crypto exchanges. Here is a quick comparison:

Coinbase Kraken Crypto.com Binance
Launched 2012 2013 2016 2017
Supported Coins 246+ 200+ 350+ 400+
Trading Fees 0.4% maker and 0.6% taker 0.25% maker and 0.4% taker 0.25% maker and 0.5% taker 0.1% maker/taker
Security High High High High
Trading Types Spot and derivatives (limited) Spot, futures, and margin trading Spot, derivatives, bots, debit cards, staking, and more Spot, derivatives, copy trading, P2P trading, margin, and more.
Leverage Trading Up to 10x Up to 50x Up to 50x Up to 125x
US Availability Yes Yes Yes Binance.US platform

Related: Coinbase vs Binance: Which is Better?

Overall Coinbase Rating

Features NFTEvening Rating (out of 5)
Trading Features 3
Trading Fees 2
Cryptocurrency selection 4
Accessibility 3.5
Security Measures 4.5
Ease of Use 4.5
Regulatory Compliance 5
Customer Service 3
Overall Score 3.7

Conclusion: Is Coinbase Worth It?

It’s clear that Coinbase is one of the best crypto apps for beginners in the U.S. The platform is super easy to use and supports over 246 cryptocurrencies for buying, selling, and trading. Coinbase is also very safe, using advanced security tools like two-factor authentication and cold storage to protect your assets. As a public company, it follows strict regulations, giving users extra trust.

However, Coinbase does have higher fees compared to some other platforms, like Binance, and might not be ideal for advanced traders. It’s a great choice if you want a simple, secure, and reliable way to start your crypto journey.

coinbase

User Score

9.8

Coinbase Promotion

Get Bonus Up to $600

Coinbase Review: FAQs

Is Coinbase safe and legit?

Coinbase is very safe and 100% legit. It is the largest public crypto company in the U.S. and has been around since 2012. Coinbase uses top security tools like two-factor authentication (2FA) and encryption to protect your account.

They are also regulated in the U.S., licensed as a money transmitter, and recognized by FinCEN. Your funds in Coinbase are held 1:1, meaning they don’t lend your money like banks do. In 2021, Coinbase became a public company listed on NASDAQ, which shows its trustworthiness.

How do I get my money out of Coinbase?

Withdrawing money from Coinbase is super easy. First, link your bank account or PayPal to Coinbase. Then, go to the “Assets” tab, choose the crypto or cash you want to withdraw, and hit the “Withdraw”

button. You can convert your crypto to cash if needed before transferring. Transfers to your bank account might take 1-3 business days, while PayPal is often instant. The minimum withdrawal amount is usually $10, and fees may apply depending on the method you use.

Is Coinbase FDIC Insured?

Yes, but only for cash balances. Coinbase stores your USD funds in FDIC-insured accounts, which means if the bank holding the funds fails, you’re covered up to $250,000 per person. However, this insurance does not apply to your crypto holdings.

Does Coinbase Report to IRS?

Coinbase reports to the IRS for U.S. customers when required. If you earn more than $600 from crypto rewards or make trades with profits, Coinbase sends a 1099 form to you and the IRS. They report your crypto activity to follow U.S. tax laws.

What is USDC on Coinbase?

USDC (USD Coin) is a type of cryptocurrency called a stablecoin. It’s always worth $1 because it is backed by real dollars in reserves. You can use USDC to send money, make purchases, or trade other cryptocurrencies. On Coinbase, you can buy, sell, and even earn rewards for holding USDC, sometimes as much as 4% interest per year.

What is the downside of Coinbase?

One downside is the fees, which can be higher than some other crypto platforms. For example, buying crypto with a debit card might cost up to 3.99% per transaction. Another issue is that Coinbase sometimes freezes accounts if there’s suspicious activity, which can be frustrating.

Also, the platform mainly focuses on beginners, so advanced traders might find it less flexible compared to exchanges like Binance. Lastly, while Coinbase is secure, your crypto isn’t FDIC-insured, which means there’s no government protection if the company faces issues.

Is Binance better than Coinbase?

Binance has lower crypto trading fees, often around 0.1%, making it better for frequent traders. It also offers more coins to trade – over 400 compared to Coinbase’s 246+. However, Coinbase is easier to use, especially for beginners, and is regulated in the U.S., which adds safety. Binance has had some regulatory issues in certain countries, so that’s something to consider.

If you’re new to crypto or prefer security and simplicity, Coinbase might be better, but for experienced and high-leverage traders who require advanced trading features, Binance could be the smarter choice..

The post Coinbase Review 2025: Pros, Cons, Features and Safety appeared first on NFT Evening.

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What is Hyperliquid? A Guide to the New Perpetuals DEX https://nftevening.com/what-is-hyperliquid/?utm_source=rss&utm_medium=rss&utm_campaign=what-is-hyperliquid Wed, 11 Dec 2024 06:54:30 +0000 https://nftevening.com/?p=143293 Hyperliquid exchange and the HYPE token are gaining exponentially more traction with each passing day, and now is the time to learn how this cutting-edge platform works so you can

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Hyperliquid exchange and the HYPE token are gaining exponentially more traction with each passing day, and now is the time to learn how this cutting-edge platform works so you can maximize your potential gains with the Hyperliquid (HYPE). As a native token within the Hyperliquid ecosystem, HYPE is designed to empower users, enhance trading performance, and drive community rewards.

In this review, we’ll dig into the features and security Hyperliquid boasts. We’ll help you learn what you need to know to develop the strategies to maximize your gains with HYPE. It just might be the future of decentralized trading.

hyperliquid logo

Hyperliquid Referral Code

4% Lifetime Discount on Trading Fees

Code Valid: May 2025

What is Hyperliquid?

Hyperliquid

Hyperliquid is a decentralized exchange (DEX) runs on its own Layer-1 blockchain, HyperEVM, which is designed for high performance and scalability. The platform focuses on providing a high-speed, low-fee trading experience for perpetual futures contracts, offering advanced features like scale orders and copy-trading.

Hyperliquid aims to bridge the gap between centralized and specifically decentralized exchanges, creating a hybrid model that leverages the best aspects of both worlds. It functions as a DEX, where transactions occur directly on the blockchain, eliminating the need for traditional intermediary. With a robust infrastructure and a vision to empower users, the exchange is setting new standards for performance and user engagement in the crypto space.

Hyperliquid touts itself as a next-generation platform designed to completely revolutionize how you interact with digital assets. Crafted from the ground up to provide simple, seamless one-click trading, Hyperliquid combines cutting-edge technology with a focus on real-time liquidity and precision. In short, it lets individual traders as well as institutional entities trade with speed and efficiency.

Who Created Hyperliquid?

Hyperliquid is created by Hyperliquid Labs. The platform was founded by Jeff Yan and Iliensinc, two Harvard classmates who lead the Hyperliquid team. 

Jeff Yan brings expertise from Hudson River Trading, where he worked on high-frequency trading systems, and later founded Chameleon Labs, a crypto market-making firm, in 2018. Iliensinc complements this with deep knowledge of blockchain technology.

How Does Hyperliquid Work? 

Hyperliquid is a decentralized perpetual futures contracts exchange (DEX) that works on its own Layer 1 blockchain that was designed for fast and efficient trading. The platform combines the speed of centralized exchanges with the transparency of decentralized systems. It uses a fully on-chain order book, which means every trade and order is recorded on the blockchain for all to see. Hyperliquid runs on a custom consensus mechanism called HyperBFT; this is a proof-of-stake system that ensures quick and secure transactions.

The exchange supports margin trading. It supports both cross-margin and isolated-margin modes. Cross-margin trading in crypto uses all available funds in a trader’s account as collateral to support multiple positions. Isolated margin trading, on the other hand, allocates a specific amount of funds to each position, so it limits risk to only that amount and protects the rest of the account from liquidation.

You can borrow funds and trade with leverage up to 50x on certain assets. Hyperliquid eliminates gas fees for trades and also uses smart contracts to automate trading processes like order matching and settlements.

Key Features of Hyperliquid

  • Custom Layer 1 Blockchain: Hyperliquid runs on its own Layer 1 blockchain with HyperBFT consensus. It processes up to 100,000 orders per second with near-instant finality.
  • On-Chain Order Book: Hyperliquid uses a transparent on-chain order book. Every trade and order is recorded on the blockchain for accuracy and fairness.
  • Zero Gas Fees: Hyperliquid charges no gas fees for trades. You only pay low maker (0.01%) and taker (0.035%) fees, saving costs.
  • High Leverage Trading: Hyperliquid offers up to 50x leverage on perpetual futures. You can trade over 130 assets with amplified potential returns.
  • One-Click Trading: Hyperliquid simplifies trading with one-click execution. Connect your wallet once and trade without repeated confirmations.

What Sets Hyperliquid Apart from Other DEXs?

Hyperliquid Unique Features

Hyperliquid stands out among decentralized exchanges (DEXs) because of its combination of speed, transparency, and user experience. While most DEXs use automated market makers (AMMs) with slower transactions and greater slippage, Hyperliquid is based on a completely on-chain order book. 

The platform has its own Layer 1 blockchain that processes as many as 100,000 orders per second, well above industry players such as dYdX and GMX, who usually operate on Layer 2 platforms such as Arbitrum or Avalanche.

The exchange cuts gas charges, an issue on most other decentralized exchanges, reducing the cost of trading. Hyperliquid provides the same user experience as leading centralized exchanges such as Binance, featuring one-click trades and no constant wallet confirmations. It holds more than 130 assets, far more than most perp DEXs, and provides leverage of up to 50x, comparable to centralized exchanges. 

The HyperBFT consensus guarantees sub-second finality on transactions, a feature that outpaces slow chains such as Ethereum. By refusing venture capital and returning profits to users, Hyperliquid values its community above those of many VC-backed DEXs.

What is Hyperliquid Used For?

Hyperliquid is a versatile platform designed to cater to a wide range of crypto trading needs. At its core, it serves as a hub for real-time trading, offering features like one-click order execution and an advanced order book. These tools allow you to trade seamlessly while minimizing slippage and maximizing efficiency.

The HYPE token plays a crucial role in Hyperliquid’s ecosystem. As the platform’s native token, it creates a mechanism for governance, allowing you to participate in decision-making processes that help shape the platform’s future. HYPE tokens are also used to incentivize trading activity and reward early adopters, ensuring a thriving and engaged community.

Beyond trading, Hyperliquid supports user-built applications that leverage its infrastructure. Developers can create decentralized applications, also known as dApps, and other tools that integrate with the Hyperliquid ecosystem, widening the horizons of its functionality even more. Community rewards and staking opportunities provide additional avenues for you to maximize value from the trading platform.

Order Types on Hyperliquid

  • Market Orders: Hyperliquid executes market orders instantly at the current market price. You use this when you want to buy or sell immediately without setting a specific price.
  • Limit Orders: You set the exact price you’re willing to trade at, giving you control over costs, though execution isn’t guaranteed if the market doesn’t reach your price.
  • Stop Market Orders: Hyperliquid triggers stop market orders as market orders when the price hits your selected stop price. Traders use these as stop-loss tools to limit losses or secure profits – for example, selling automatically if a position drops too low.
  • Stop Limit Orders: You specify both a stop price to trigger the order and a limit price for execution, offering precision but risking non-execution if the market moves past your limit.
  • Scale Orders: Hyperliquid allows scale orders, which break multiple limit orders into a defined price range. You set a range, and the platform spreads your orders across it, helping you enter or exit positions gradually as prices fluctuate.
  • TWAP Orders: Hyperliquid splits TWAP (Time-Weighted Average Price) orders into smaller suborders, executed every 30 seconds. You benefit from a maximum slippage of 3%, making this useful for large trades to reduce market impact and average out prices over time.

Hyperliquid Supported Tokens

Hyperliquid exchange supports over 130 tokens for trading, making it one of the most diverse perp DEXs. The exchange lists major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Avalanche (AVAX), and Sui (SUI), alongside stablecoins such as USDC and USDT. 

It also offers Wrapped Bitcoin (WBTC) and unique assets like a friend.tech index and LayerZero pre-launch futures, often listing them before other trading platforms.

hyperliquid logo

Hyperliquid Referral Code

4% Lifetime Discount on Trading Fees

Code Valid: May 2025

The HYPE Token and Hyperliquid Airdrop

The beating heart of the Hyperliquid ecosystem is the HYPE token, the native cryptocurrency of the platform. HYPE acts as the foundation for multiple aspects of the ecosystem, including governance, community rewards, and even liquidity incentives. By integrating HYPE into the platform, Hyperliquid ensures that users benefit from both trading opportunities and ecosystem-driven rewards.

As of the time of writing, HYPE token has reached some incredible milestones with both user engagement and trading volume. The Hyperliquid platform has attracted a substantial number of users, contributing to a cumulative trading volume that underscores its growing presence in the crypto market.

Hyperliquid Stats

At its launch, the HYPE token price was already $3.90, making the airdrop worth more than $1 billion. However, just 12 hours after the launch, the token price surged to $6.16. The value of the token continued to climb in the days following the airdrop. It hit a peak of $14.99 on December 7, 2024. The result of this growth is that the fully diluted valuation of HYPE is now over $12 billion, with a market capitalization of over $4 billion.

HYPE Tokenomics

Hyperliquid’s native token, HYPE, powers its ecosystem with a total supply of 1 billion tokens. The exchange launched HYPE via an airdrop to 94,000 users, distributing 310 million tokens (31% of supply).

The airdrop strategy aimed to help increase the circulating supply, while also creating a substantial genesis event to help draw in additional investors and foster a robust community base. The massive spike in value, post-airdrop, is a solid indicator that HYPE is maintaining strong market confidence.

HYPE offers utility through governance rights, letting holders vote on platform upgrades, and staking rewards, where users lock tokens to earn up to 55% APY while securing the network. You can also use HYPE to pay transaction fees or build decentralized apps (dApps). Hyperliquid also uses a burn mechanism, with 110,000 HYPE tokens burned.

The tokenomics break down as follows: 

  • 38.888% (388.88 million tokens) is reserved for future emissions and community rewards
  • 31% for the genesis distribution
  • 23.8% for core contributors (vesting until 2027-2028)
  • 6% for the Hyper Foundation budget
  • 0.3% for community grants
  • 0.012% for HIP-2 allocation
HYPE Token Distribution

Source: KuCoin

Trading Fees on Hyperliquid

Hyperliquid keeps the fee structure transparent for the benefit of the community at large. In June of 2023, when the mainnet exited its closed alpha, trading fees were introduced at a flat rate of 2.5 bps taker and 0.2 bps maker rebate. Referrers also received 10% of their referees’ taker fees. Unlike many platforms where fees primarily benefit insiders, Hyperliquid directs all fees to the community, specifically to the Hyperliquid Protocol and the HYPE assistance fund. This assistance fund holds a major portion of its total assets as HYPE token, which helps create an incentive where the community directly benefits from the growth and activity of the platform.

Hyperliquid fees are based on your 14-day trading volume. The fees are split into two types: taker fees and maker fees. Taker fees are what you pay when you buy or sell right away, taking liquidity from the market. Maker fees are for adding liquidity, like placing orders that wait to be filled. 

For regular users, Hyperliquid trading fees are 0.01% maker and 0.035% taker. If you trade more, like over $2 billion, the taker fee drops to 0.019% and you won’t pay any maker fee.

Hyperliquid fees structure

The liquid native asset on Hyperliquid is HYPE, which is super important for the platform. Most fees collected go to the community. They support things like the Hyperliquidity Provider (HLP) and an assistance fund, which holds a lot of HYPE to stay secure and liquid.

For deposit/withdrawal limits, Hyperliquid doesn’t have strict caps. There’s no deposit/withdrawal fee for USDC withdrawals from the L1, which is awesome because it keeps costs low. Deposits need some gas (ETH on Arbitrum), but trading itself is gas-free.

Is Hyperliquid Safe?

The Hyperliquid Stack

The Hyperliquid Network is secured with a Layer 1 or L1 architecture, which provides solid protection and reliable security for users and their assets. This Hyperliquid L1 security uses a decentralized network of validation nodes to ensure data integrity and ledger transparency. Through the use of its HyperBFT consensus, the potential for any single point of failure is eliminated, and the risk of attacks and breaches is dramatically reduced.
On top of the decentralized structure, Hyperliquid also implements advanced encryption measures to make sure that all sensitive information, like transaction records or specific wallet details, is always kept secure. There are even regular security audits to further harden the platform against potential vulnerabilities, proactively.
However, as a new protocol, Hyperliquid still raises some risks compared to reputable blockchains. The network currently depends on only 16 validators, making it more vulnerable to attacks.

Hyperliquid Vaults

Hyperliquid vaults are a feature that lets users team up and make money by following trading strategies. There are two main types: protocol vaults and user vaults

Protocol vaults, like the Hyperliquidity Provider (HLP), are run by the platform itself. HLP does stuff like market making and liquidations, earning a chunk of the trading fees. Anyone can deposit USDC into HLP and share its profits or losses, but you have to wait 4 days to withdraw. It’s fully owned by the community, so no one takes an extra cut, making it fair.

Then there are user vaults, managed by vault leaders. Anyone can become a vault leader by putting in at least 100 USDC and keeping 5% of the vault’s total value as their own stake. Vault leaders trade the money in the vault and get 10% of the profits as a reward. 

For example, if you deposit 100 USDC into a vault with 900 USDC already, you own 10%. If it grows to 2,000 USDC, you could withdraw 190 USDC—your 200 USDC share minus 10 USDC for the leader’s cut. 

Withdrawals take 1 day for user vaults, and there might be some slippage if positions need to close. Vault leaders can share their strategies with followers, kind of like copy trading, which is great for people who don’t want to trade themselves. You can check vault stats like APY and total deposits (TVL) on the Hyperliquid app to pick one that fits you.

Hyperliquid Vaults

How to Bridge to Hyperliquid?

  1. Set Up an EVM-Compatible Wallet: You need a wallet that works with the Ethereum Virtual Machine (EVM), such as MetaMask, Coinbase Wallet, or Rabby. Install your chosen wallet, create an account if necessary, and ensure it’s ready to connect to Arbitrum.
  2. Add Funds to Your Wallet on Arbitrum: Hyperliquid only accepts native Arbitrum USDC as collateral, not bridged USDC from Ethereum. Purchase USDC on an exchange like Coinbase, then transfer it to your wallet on the Arbitrum network. You also need a small amount of ETH (about $0.30 worth) in your wallet to cover Arbitrum gas fees.
  3. Connect Your Wallet to Hyperliquid: Visit Hyperliquid in your browser. Click the “Connect” button in the top right corner. Select your wallet from the list and approve the connection. This links your EVM wallet to the Hyperliquid platform securely.
  4. Initiate the Deposit via Hyperliquid Bridge: Navigate to the “Deposit” section on the Hyperliquid interface. Choose USDC as your asset, and enter the amount you want to bridge. The trading platform generates a unique deposit address for your transaction.
  5. Transfer USDC from Arbitrum to Hyperliquid: Open your wallet, select the Arbitrum network, and send your native Arbitrum USDC to the deposit address provided by Hyperliquid. Confirm the transaction, paying the small ETH gas fee. The Hyperliquid Bridge processes this instantly, and your funds appear in your Perpetuals account.
  6. Move Funds to Your Desired Account: Once deposited, your USDC lands in your Perpetuals account for trading. You can transfer it to your Spot account for other uses or stake it in the HLP Vault to earn yields (up to 24% annually) by selecting “Transfer” and choosing your destination.
hyperliquid logo

Hyperliquid Referral Code

4% Lifetime Discount on Trading Fees

Code Valid: May 2025

Challenges and Risks of Hyperliquid

Challenges

  • Fast Transactions: Up to 100,000 ops/sec with <1s finality on its L1 blockchain.
  • No Gas Fees: Zero-cost trading, unlike Ethereum-based DEXs.
  • On-Chain Order Book: Tighter spreads and less slippage than AMMs.
  • Non-Custodial: Users control funds, enhancing security and transparency.
  • Community-Focused: Fair $HYPE token airdrops, no VC control.

Risks

  • Less Decentralized: Only 16 validators, raising centralization risks.
  • Limited Assets: Few spot pairs, withdrawals mostly in USDC.
  • Regulatory Risk: No KYC, potential legal issues.
  • New Platform: Lacks long-term reliability testing.

Final Thoughts

Hyperliquid’s HYPE token has quickly established itself as a cornerstone of a thriving ecosystem, combining innovation, strong community engagement, and real-time trading capabilities. The security, decentralized operation, and highly impressive early milestones offer you a unique chance to explore the full potential of this token in the constantly evolving crypto space.

FAQs

Where can you buy Hyperliquid?

You can buy HYPE on Hyperliquid DEX and some centralized exchanges including KuCoin, Bitget or Gate.io. However, the token is not listed on many major crypto exchanges like Binance, Coinbase, making it unavailable to purchase or trade on these platforms.

Make sure that your trading platform supports HYPE before starting a purchase. Plus, always double-check token addresses to avoid getting scammed.

What is the market cap of HYPE?

As of March 23th, the current market capitalization for HYPE is $5.3B, which will change based on several factors, including the token value, daily trading volume, and more.

How does the price performance of Hyperliquid compare against other tokens?

Hyperliquid often outperforms its peers with strong growth and stability, despite oracle price fluctuations. Its innovative ecosystem and focus on liquidity make it a reasonably solid choice for investors in the competitive crypto market.

What is the all-time high and all-time low for Hyperliquid (HYPE)?

As of the time of writing, the all-time high for HYPE is $34.96 while its all-time low is $3.81, according to CoinGecko.

What is HYPE Staking?

HYPE staking is a process where you lock up HYPE tokens on Hyperliquid to support the network and earn rewards. In return, you can earn up to a 2.2% annual percentage yield (APY), paid in HYPE. Staking also gives you governance rights to vote on platform changes. You start by depositing HYPE into a staking pool via your wallet on hyperliquid.xyz.

How Do I Deposit on Hyperliquid?

You can deposit on Hyperliquid by bridging USDC from Arbitrum to the platform. Connect an EVM wallet like MetaMask to hyperliquid.xyz, click “Deposit,” and select USDC. Transfer native Arbitrum USDC from your wallet to Hyperliquid’s address – ensure you have ETH for gas fees.

How Do I Withdraw from Hyperliquid?

To withdraw from Hyperliquid, go to Hyperliquid official website, click “Withdraw,” and enter the USDC amount. Sselect “Withdraw from L1” to move funds from Hyperliquid’s blockchain, then “Claim” to send them to your Arbitrum wallet. You’ll pay a $1 fee for Arbitrum gas costs, and you need ETH in your wallet to complete the transaction. The process ensures security but requires both steps to finalize.

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Phantom Wallet Review 2025: Is it Safe & Worth it? https://nftevening.com/phantom-wallet-review/?utm_source=rss&utm_medium=rss&utm_campaign=phantom-wallet-review Sun, 08 Dec 2024 14:37:25 +0000 https://nftevening.com/?p=143082 Managing crypto can feel overwhelming, especially with so many options and safety concerns. What if one wallet could handle it all – your tokens, NFTs, and even staking rewards? Our

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Managing crypto can feel overwhelming, especially with so many options and safety concerns. What if one wallet could handle it all – your tokens, NFTs, and even staking rewards? Our Phantom Wallet review dives deep into why this cryptocurrency wallet stands out in 2025. You’ll find everything you need to decide if it’s worth your investment. Stick around to explore its features, security, and usability.

What is Phantom Wallet?

Phantom Wallet

Phantom Wallet is a popular non-custodial wallet designed to make managing your digital assets easy and safe. It started in 2021 and quickly became one of the best wallets, especially for Solana users. In 2024, Phantom is even better because it supports multiple blockchains like Solana, Bitcoin, Ethereum, and Polygon.

This wallet is user-friendly and great for both beginners and experienced crypto enthusiasts. You can manage your tokens, NFTs, and even trade within the app. Phantom’s multichain feature is super handy because you don’t need to switch networks manually. Everything is in one place, making it simple to use.

It includes features like human-readable transaction details, phishing protection, and spam removal tools for NFTs. It’s backed by a strong code audit from Kudelski Security, which is a trusted firm. Plus, it offers a bug bounty program to keep hackers in check. All this means you can feel confident about the safety of your funds.

Another thing people love about Phantom is its staking feature. You can stake Solana (SOL) to earn rewards while helping to secure the network. For mobile users, the app is smooth and connects to popular Solana platforms like Jupiter and Tensor.

Pros

  • Multichain support with Solana, Ethereum, and Polygon, making it versatile for various assets
  • Simple design suitable for beginners and advanced users
  • Lets users view, manage, and discover NFTs easily
  • Includes phishing protection, human-readable transactions, and spam removal tools
  • Allows staking SOL for rewards while contributing to network security

Cons

  • While multichain, it’s still not compatible with all blockchains like the BNB smart chain
  • Cannot connect with Ledger on Firefox web browser

Phantom Wallet Features

Multi-Chain Support

Phantom Wallet started as a Solana-exclusive wallet in 2021 but expanded to Ethereum and Polygon networks. Now, it’s a true multi-chain wallet, allowing users to manage tokens across all three blockchains without switching between multiple apps. 

This means you can interact with decentralized apps (DApps) and manage your crypto in one unified interface. Phantom also preparing Bitcoin and BRC-20 tokens. This multi-chain flexibility is a game-changer for users who want access to DeFi apps, NFTs, and staking opportunities across different ecosystems without hassle.

NFT Storage

For NFT enthusiasts, Phantom goes beyond basic storage. The wallet offers a visually appealing gallery where you can display, manage, and even burn unwanted NFTs. 

It supports all major NFT file formats, including videos and 3D models, and integrates with popular NFT marketplaces like Magic Eden and Solanart. You can even set your favorite NFTs as avatars for your wallet, making it personal and engaging.

Phantom ensures spam NFTs don’t clutter your collection. Its spam detection and removal tools, along with metadata insights (like floor prices and sales history), help users maintain an organized and valuable NFT collection.

Buy Crypto Easily with Credit Cards or Bank Transfers

Phantom makes buying crypto super simple. It connects with services like MoonPay and Coinbase Pay, which let you purchase popular cryptocurrencies like Solana (SOL), Ethereum (ETH), and Polygon (MATIC) straight from the wallet. You don’t need a separate app for this.

You can pay using a credit card, a debit card, or even a bank transfer. For example, if you want to buy Solana, just open the app, enter the amount, and make the payment. Your crypto gets added to your wallet within minutes. This feature is great for beginners who don’t know how to use top crypto exchanges like Binance or Bybit.

Swap Tokens Across Different Networks

Phantom Wallet also lets you trade tokens without needing to leave the app. With the built-in swap feature, you can exchange tokens across three major blockchains:

  • Solana (SOL)
  • Ethereum (ETH)
  • Polygon (MATIC)

Phantom uses liquidity from decentralized exchanges (DEXs) to give you the best rates possible. For example, if you want to swap USDC for USDT, you’ll get the most tokens for your money because Phantom looks at all DEXs to find the best price.

The app charges a flat swap fee of 0.85%, which is super low compared to other cryptocurrency wallets. It also supports popular tokens like RAY and DAI, so you have lots of options to choose from.

Earn Rewards by Staking Solana

With Phantom, you can stake Solana (SOL) and earn up to 9% annual percentage yield (APY). This means your crypto can grow even when you’re not trading.

Staking is easy:

  • Pick a validator from the app (a validator is like a node that helps keep the Solana network running).
  • Delegate your SOL tokens to this validator.

Phantom also shows detailed stats for each validator, so you can choose the one with low fees and high rewards. Plus, your staked tokens stay in your wallet, so it’s super safe.

Ledger Hardware Wallet Integration

For users who prioritize security, Phantom integrates seamlessly with Ledger hardware wallets like Ledger Nano X and Ledger Nano S Plus. This setup ensures your private keys stay offline, significantly reducing hacking risks. You can connect your Ledger to Phantom on browsers like Chrome and Brave, although Firefox support is not yet available.

Setting up Ledger integration is straightforward, but it requires enabling settings like “Allow Blind Signing” on your device. This extra layer of security makes Phantom a preferred choice for users managing large portfolios or sensitive transactions.

Phantom Wallet Fees

Phantom Wallet does not charge fees directly for creating an account or storing crypto assets. However, the transactions and other activities within the wallet may involve third-party or blockchain-related charges.

When you make transactions on the Solana blockchain through Phantom, you pay a small network fee. This is necessary for processing and securing transactions. This fee is usually very low compared to other blockchains like Ethereum. 

For instance, Solana network fees typically range around $0.0025 per transaction, making it an affordable option for users who perform frequent transactions. These fees go directly to the blockchain validators who confirm and secure the transactions.

Phantom’s in-app swapping feature is another convenient way to trade between tokens. When you use this feature, you pay a fee that includes the network fee and any associated costs from liquidity providers. The Phantom app charges a flat swap fee of 0.85%. The total cost depends on the liquidity pool and the tokens being swapped. 

Phantom Wallet also supports swapping Ethereum-based tokens, and in this case, the gas fees for the Ethereum network apply. Ethereum gas fees can vary widely depending on the network’s congestion. 

For example, during high demand, these fees can range from $10 to over $100 per transaction.

For buying crypto directly through Phantom using fiat (like USD), third-party providers such as MoonPay, Coinbase, or others handle the payment process

These providers charge their own processing fees, which can vary based on the payment method you use (e.g., credit card, bank transfer) and your location. These fees are displayed transparently during the purchase process.

How to Install and Set Up Phantom Wallet

Extension

Here is a simple guide to help you get started with the Phantom Wallet extension for your browser.

Step 1: Downloading Phantom Extension

First, open your web browser. Then, go to the official Phantom website, phantom.app. This website is safe and always has the latest version. Choose your browser from the options, like Chrome, Firefox, or Edge.

Next, follow the instructions on the extension store. Click “Add to Browser” or a similar button to install the extension. After it’s done installing, Phantom will open in a new tab. If it doesn’t open, you can find it by clicking the little puzzle icon in the top-right of your browser, where all your extensions are listed. You can pin Phantom so it’s always easy to see.

Step 2: Setting Up Your Wallet for the First Time

When Phantom opens, click on “Create New Wallet”. You’ll need to make a strong password. This password is for this browser only, so use something unique but easy for you to remember. Once you type your password, click “Continue”.

Step 2- Setting Up Your Wallet for the First Time

Now, Phantom will show you a very important thing called your Secret Recovery Phrase. This phrase has 12 random words and is like the key to your wallet. Write it down carefully and keep it safe. 

Do not share it with anyone, not even Phantom support. If someone gets your phrase, they can take your money. After writing it down, click “Continue” again.

Secret Recovery Phrase

Step 2 (Re): If You Already Have a Wallet

If you already have a Phantom wallet, you don’t need to make a new one. Instead, click “I Already Have a Wallet”. Type your Secret Recovery Phrase to bring back your old wallet. Once you do this, Phantom will ask you to make a new password. This password is just for the browser you’re using now.

Mobile

Want to use Phantom Wallet on your phone? It’s super easy to set up. Whether you’re using an iPhone or Android, here’s how to get started.

Step 1: Downloading Phantom for Mobile

Go to the official Phantom website, phantom.app, on your phone. Click the link to your app store (App Store for iPhone or Google Play for Android). This way, you’ll make sure you download the real Phantom app.

Once you find it, tap “Install”. After it finishes, open the app. You’ll see the Phantom welcome screen.

Step 2: Creating a New Wallet on Mobile

If this is your first time using Phantom, tap “Create New Wallet”. Phantom will ask if you want to enable biometric security. This means you can unlock your wallet with your fingerprint or face. It’s a great feature, so we recommend turning it on. Next, Phantom will show you your Secret Recovery Phrase. Follow similar desktop version steps. 

Phantom mobile also gives you handy notifications. Turn them on to see updates about your wallet, like when you get new crypto or NFTs. You can manage these alerts in Settings > Notifications anytime.

Step 2- Creating a New Wallet on Mobile

How to Swap and Buy Crypto on Phantom Wallet?

Here’s a step-by-step guide on how to swap and buy cryptocurrency, designed for both desktop and mobile Phantom Wallet users:

  1. Open Phantom Wallet: Start by opening your Phantom Wallet. On the desktop, ensure you have the browser extension installed and pinned for easy access. On mobile, launch the Phantom app from your device.
  2. Locate the Swap Feature: On the desktop, look for the Swap icon, which resembles a double-arrow symbol in the extension’s toolbar. On mobile, the Swap option is located at the bottom of the app screen.
  3. Choose the Tokens for Swap: Select the cryptocurrency you currently own and want to trade. Use the dropdown menu to pick your token (e.g., Solana or another supported token). Next, choose the token you want in return from the same dropdown list.
  4. Enter the Amount to Swap: Type in the quantity of the cryptocurrency you wish to swap. Phantom will display the estimated value of the new tokens you’ll receive and include any fees in the estimate.
  5. Review Transaction Details: Carefully check the exchange rate, fees, and total output of the transaction. Ensure all details are accurate to avoid errors.
  6. Confirm and Complete the Swap: Click the Confirm button to finalize your swap. The transaction will be processed on the blockchain, and the new tokens will appear in your wallet within a few moments.

Swap on Phantom Wallet

Note: To buy crypto on Phantom, choose the cryptocurrency, Phantom supports payment services like MoonPay and Coinbase. Select your preferred provider and proceed. If you’re using the service for the first time, you might need to set up an account or log in.

Phantom Wallet Security Measures

  • Scam Detection for Malicious Transactions: Phantom Wallet includes a robust scam detection system that analyzes transactions for signs of malicious activity. When you initiate a transaction, the wallet displays a clear summary, helping you understand exactly what you’re approving. If a transaction seems suspicious or originates from known scam sources, Phantom alerts you.
  • Open-Source Blocklist for Phishing Protection: Phantom maintains an open-source blocklist, regularly updated with input from the community. This list identifies and blocks access to phishing websites and other malicious platforms. By integrating this blocklist, the wallet ensures users avoid accidentally interacting with fraudulent links, spam NFTs, or other harmful content.
  • No Tracking of Personal Information: Phantom Wallet is built with privacy at its core. It does not collect or store any personally identifiable information (PII) about its users.
  • Code Audits by Kudelski Security: The wallet’s code undergoes rigorous audits by Kudelski Security, a globally recognized leader in cybersecurity. This firm is trusted by top technology companies to identify vulnerabilities and enhance software resilience
  • Bug Bounty Program for White-Hat Hackers: Phantom runs a bug bounty program that invites ethical hackers, also known as white-hat hackers, to test its systems for vulnerabilities. You can earn up to $50,000 in rewards.

Conclusion

In conclusion, Phantom Wallet offers a winning combination of features, security, and usability. Its multi-chain support, robust NFT capabilities, and user-friendly interface make it a strong contender in the crypto wallet space. Whether you’re staking SOL for rewards, showcasing NFTs, or simply holding assets, Phantom ensures a smooth and secure experience.

For users already invested in Solana, Ethereum, or Polygon ecosystems, Phantom is a no-brainer. Its rapid innovation and focus on security suggest it will continue to grow as a go-to wallet for Web3 users. If you’re considering upgrading your current wallet, Phantom is definitely worth a shot in 2024.

FAQs

Is Phantom Wallet safe to use?

Phantom is a secure wallet for managing your crypto and NFTs. It is a non-custodial wallet, meaning only you control your private keys and funds. The wallet implements several layers of security, including scam detection that flags suspicious transactions and malicious activity. Phantom also uses an open-source blocklist to protect users from phishing websites.

Plus, the wallet doesn’t collect any personal information, ensuring your privacy. It is regularly audited by Kudelski Security, a trusted software auditing firm. To further enhance safety, Phantom supports hardware wallets like Ledger Nano X, adding another layer of protection for your assets. 

Its code is continuously improved based on feedback and contributions from the developer community. Over 7 million users worldwide trust Phantom for its strong security practices and reliable customer support team, which is available 24/7.

Which wallet is best for Solana?

Phantom Wallet is often regarded as the best wallet for Solana due to its seamless user experience and extensive features. It was originally built specifically for the Solana blockchain and has been refined over years of development. 

Phantom makes it easy to store, swap, and stake Solana tokens while also managing Solana-based NFTs. The wallet’s integration with dApps (decentralized applications) on the Solana network is effortless, allowing users to explore various DeFi platforms and NFT marketplaces.

What are the available chains on Phantom?

Phantom Wallet supports four major blockchains: Solana, Ethereum, Bitcoin, and Polygon. This multichain functionality allows users to manage assets across these networks in one place without needing multiple wallets.

Is Phantom Wallet better than MetaMask?

Phantom stands out for its ease of use, focus on NFTs, and best-in-class features for Solana. If you primarily interact with the Solana blockchain, Phantom is the clear choice. It offers faster transaction speeds and lower fees compared to Ethereum-based transactions on MetaMask.

On the other hand, MetaMask is widely regarded as the go-to wallet for Ethereum and its ecosystem. It supports a broader range of Ethereum-based applications and tokens. However, Phantom has recently introduced Ethereum and Polygon support, making it a competitive option for users who engage with multiple chains.

Both wallets are secure and allow hardware wallet integration for added safety. Phantom is generally praised for its user-friendly interface and Solana NFT management capabilities, while MetaMask’s strength lies in its versatility across EVM-compatible chains like BNB smart chain, Aptos, Arbitrum, and more.

The post Phantom Wallet Review 2025: Is it Safe & Worth it? appeared first on NFT Evening.

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Nansen Referral Code 2025: “NFTevening” 10% Discount Code https://nftevening.com/nansen-promo-code/?utm_source=rss&utm_medium=rss&utm_campaign=nansen-promo-code Mon, 02 Dec 2024 15:59:05 +0000 https://nftevening.com/?p=142948 If you’re into crypto trading or investing, Nansen is a great tool to explore. It helps you see what’s happening in the blockchain world by tracking over 12 chains like

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If you’re into crypto trading or investing, Nansen is a great tool to explore. It helps you see what’s happening in the blockchain world by tracking over 12 chains like Ethereum and Solana.

With Nansen, you can follow the crypto wallets of smart investors, analyze NFTs, and find profitable tokens. In this guide, we’ll explain everything about the Nansen promo code, its features, pricing, and how to make the most of it.

What is Nansen Promo Code?

Nansen promo code (or Nansen referral code) is a special code that gives users a discount on Nansen’s subscription plans. These codes are designed to help both new and existing customers save money while accessing the platform’s advanced blockchain analytics.

For 2025, you can use the Nansen promo code “NFTevening” to get a 10% discount on any pricing plan, either pioneer or professional subscription. This code can be applied during checkout to reduce your subscription cost. Promo codes like these are often time-limited, so it’s a good idea to use them as soon as possible.

With the Nansen unique coupon code, you can save on features such as portfolio tracking, wallet monitoring, and real-time blockchain insights. These tools are essential for anyone looking to dive deep into cryptocurrency trends and investments.

Nansen

Nansen Subscription

Special Discount - 10% OFF

Code Valid: May 2025

Nansen Discount Code

The Nansen discount code for 2025 is “NFTevening” which offers a 10% reduction on subscription fees. This code applies to all pricing plans, including the $99/month Pioneer Plan and the $999/month Professional Plan. For instance, with the discount, the Pioneer Plan becomes approximately $76/month, while the VIP Plan drops to about $769/month.

To redeem the discount, simply copy the code and paste it into the “Apply Promo Code” box during checkout. After entering the code, the discounted amount will show instantly. Using this discount makes it easier to explore Nansen’s premium features, such as insights into 350M+ wallets and smart money tracking.

How to Use Nansen Promo Code?

Step 1: Sign Up on Nansen

First, you need to create an account on the Nansen platform. Go to the official Nansen website by typing nansen.ai into your browser. Once there, you’ll see the “Sign Up” button at the top right corner of the page. Click it, and it will take you to the registration form.

Here, you’ll need to fill in your details like email address and password. Make sure you use an email address you can access, as Nansen will send important updates and confirmations there. When you’re done, click on the “Sign Up” button. A confirmation email will be sent to your inbox. Open it and click the link inside to verify your email. Now your Nansen account is ready to use!

If you’re unsure about committing, Nansen also offers trial versions where you can explore its features for free. This is a good way to get started before subscribing to a paid plan.

sign up on nansen

Step 2: Launch the Nansen App

Once you’ve signed up, log in to your account by entering your email and password on the login page. This will take you to the Nansen dashboard. The dashboard is where all the action happens. It’s user-friendly and packed with features that help you analyze blockchain data.

When you first log in, take a few minutes to explore. You’ll notice sections like “Profiler”, “Signals”, and “Smart Money” These tools give you detailed information about tokens, wallets, and even NFT performance. Even with the free version, you can monitor tokens across 12 blockchains like Ethereum and Solana. It’s a good way to get familiar with the basics before upgrading to a paid plan.

Launch the Nansen App

Step 3: Check Nansen Pricing Plans

After exploring the free features, you might want to unlock more advanced tools. Go to “Account Settings” and click on “View Upgrade Options”.

Nansen offers three main pricing plans, each designed for different types of users.

  1. Lite Plan (Free): Nansen’s Free Plan lets you track tokens and wallets across 12 blockchains like Ethereum and Solana. You can monitor portfolios on over 50 protocols and access basic alerts and signals to follow market trends.
  2. Pioneer Plan ($99/month): It adds access to a massive database of 350 million labeled wallets. It helps you track top investors, analyze profits and losses, and offers advanced filters for customizing dashboards and tables.
  3. Professional Plan ($999/month): It provides full access to Nansen’s features. Subscribers get exclusive market research, membership in the Alpha community (annual plan only), a dedicated manager for support, and downloadable data files for in-depth analysis.

Check Nansen Pricing Plans

Step 4: Apply Referral Code

Now it’s time to use your Nansen referral code After selecting your desired plan, proceed to the payment page by clicking the “Upgrade” button. On this page, you’ll find a section that says “Apply Promo Code”. It’s usually located below the total price.

Carefully enter your referral code “NFTevening” into the box. Double-check to make sure there are no typos, as the code won’t work if it’s entered incorrectly. Once you’ve entered the code, click the “Apply” button. You’ll see the 10% discount immediately reflected in the total price.

Next, choose your payment method. Nansen accepts multiple options, including credit cards and some cryptocurrencies. Fill in your payment details and click “Pay Now” to complete the transaction. After that, your account will be upgraded, and you’ll have access to the features included in your chosen plan.

Apply Promo Code

Nansen

Nansen Subscription

Special Discount - 10% OFF

Code Valid: May 2025

Nansen Referral Program

Nansen referral program is an easy way to earn rewards while sharing their platform. When you refer someone to Nansen using your unique referral link, they get a discount on their subscription. At the same time, you earn a 10% commission for every new sign-up. The best part? You also keep earning from their subscription renewals, so it’s not just a one-time benefit. Payments are made in USDC.

To get started, you need to apply for the affiliate program and wait for approval. Once approved, Nansen gives you a referral link and referral code to share with your friends, on social media, or anywhere online. If someone subscribes through your Nansen referral code/link, you both benefit.

Nansen Overview

Nansen Overview

Nansen is an on-chain analytics platform that helps you track crypto trends, follow smart money, and make better investment decisions. It mixes blockchain data with a massive database of wallets to give you real-time insights about tokens, NFTs, and more.

One of Nansen’s coolest features is Smart Money tracking. It shows what top crypto whales and successful wallets buy, sell, or hold. For example, if a famous wallet is purchasing a token in bulk, you can track it and decide whether to invest. It also has a Market Overview, showing which projects are trending, their market cap, and 24-hour trading volumes. This makes it easy to figure out what’s hot in crypto.

Another useful feature is Smart Alerts. These alerts notify you in real-time when something important happens, like sudden token movements or big NFT trades. You can customize these alerts for specific wallets or transactions. Nansen works with multiple blockchains, like Ethereum, Binance Smart Chain, and Polygon. More networks are being added soon. With the NFT Paradise feature, you can track top NFT projects, their performance, and even profit leaderboards that show which wallets are making money​

Nansen’s Wallet Profiler lets you explore any wallet’s activity. Want to know what a whale is up to? This tool gives you details about its trades, tokens, and even interactions with decentralized apps (DApps). Another cool tool is the Token God Mode, which gives deep insights into a specific token, like its holders, transactions, and distribution

For professional users, Nansen offers advanced tools like the Nansen Query, which lets you customize dashboards and create workflows for deep data analysis. You can combine your own data with Nansen’s to gain insights that are perfect for your strategy.

Final Thought

In conclusion, using a Nansen Promo Code is the smartest way to save money while exploring one of the best blockchain analytics platforms. With the referral code “NFTevening”, you can enjoy a 10% discount on premium plans, making advanced features like portfolio tracking, smart money monitoring, AI signals and access to 350M+ labeled wallets more affordable.

This discount helps you unlock data from over 12 blockchains, including Ethereum and Solana and offers tools to track assets across 50+ protocols. Applying the code is simple: just sign up, choose a plan, and enter the code during checkout to activate your savings.

Nansen

Nansen Subscription

Special Discount - 10% OFF

Code Valid: May 2025

FAQs

Can I use multiple Nansen discount codes at once?

No, Nansen’s checkout system only allows one discount code to be applied per transaction. If you have multiple Nansen promo codes, you’ll need to choose the one with the highest discount or most benefits. Promo codes usually cannot be combined with other offers.

Does Nansen have a Black Friday sale?

Yes, Nansen often participates in Black Friday sales, offering significant discounts on its plans during this shopping season. Past offers have included reduced rates on the Pioneer and Professional plans or extra benefits for annual subscribers. Keep an eye on the Nansen website or their official social media channels for announcements about their Black Friday deals.

Where can I find Nansen coupons?

Nansen coupon codes can usually be found on the official Nansen website or through their email newsletters. You might also spot promo codes shared on their social media platforms, like Twitter or LinkedIn, especially during special promotions.

Third-party coupon websites also list Nansen discounts, but you should verify these codes for authenticity. Joining Nansen’s community on Discord or subscribing to their updates can also give you early access to exclusive deals.

My Nansen promo code didn’t work, what can I do?

If your Nansen promo code didn’t work, first ensure it was entered correctly without extra spaces or typos. Promo codes are case-sensitive, so it’s important to match the exact format provided. If the code is still invalid, check its expiration date or if it’s limited to specific plans.

Some codes are restricted to only new customers or first-time subscriptions only. If the issue persists, contact Nansen’s customer support via their Help Center or email. They can confirm whether the coupon code is still active or suggest other available discounts.

How many coupons is Nansen offering today?

The number of active coupons Nansen offers can vary depending on the season and ongoing promotions. Typically, they have 1-3 promo codes available at any given time, including general discounts or codes tied to events like Black Friday or New Year sales. To find out the exact number, check their website’s pricing page or trusted coupon platforms.

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15 Best Bitcoin & Crypto Casinos for March 2025 https://nftevening.com/best-crypto-casino/?utm_source=rss&utm_medium=rss&utm_campaign=best-crypto-casino Sun, 24 Nov 2024 11:50:37 +0000 https://nftevening.com/?p=142093 Crypto casinos are getting really big, like super big. The market size is expected at $70 billion by the end of 2024. That’s crazy, right? It seems like everyone is

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Crypto casinos are getting really big, like super big. The market size is expected at $70 billion by the end of 2024. That’s crazy, right? It seems like everyone is jumping into Bitcoin gambling sites and looking for the best Bitcoin casinos to try their luck. 

If you’re into gambling and want to use crypto, there are tons of options, from the safest and top crypto casinos to ones with huge bonus deals. There are many rewards like crypto casino deposit bonuses and free spins, that can help you win more. And if you’re into sports betting, there are some awesome casinos where you can bet on games and teams too. In this guide, we have reviewed the 15 best crypto casinos for gambling and sports betting, like TG Casino.

binance-logo-2

User Score

10

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

15 Top-Rated Crypto Casino Sites: Our Picks

We have reviewed and tested over 50+ crypto casino websites supporting multiple coins, various games, fair gameplay, and instant deposits and withdrawals

Here is our list of the top 15 best crypto casinos and websites for gambling:

  1. TG Casino: Excellent Mobile Experience Coupled with Welcome Package of 10 ETH
  2. BetPanda: Several Promotional Campaigns and up to 1 BTC in Rewards
  3. Instant Casino: Great Collection of Original Games and up to $8200 in Signup Bonuses
  4. BC Game: Maximum Number of Games with $1600 in Bonuses
  5. Betplay: The OG with a Welcome Package of 100% up to 5000 USDT
  6. Cryptorino: Best Demo Mode Access with Welcome Package up to 1 BTC
  7. CoinPoker: Great Site for Poker Lovers and Welcome Bonus of up to $30,000
  8. Wild.io: Comprehensive Collection of Games with up to $5000 in Welcome Offer
  9. Lucky Block: Finest Site for Crypto-Only Gambling with Up to $27,100 in Signup Bonuses
  10. Mega Dice: Brilliant Access to Crypto Gambling with One Bitcoin in Rewards
  11. WSM Casino: Extensive Gambling Experience with up to $25,000 in Sign Up Rewards
  12. Blockspins: Diverse Collection of Slot Titles with $1000 in Welcome Offers
  13. Shuffle: Access to Best-in-Class VIP Program and Big Assortment of Promo offers
  14. Jackbit: Access to Multiple Gambling Products with Wager-Free 100 Spins
  15. Metawin: Best Unique Gaming Experiences with Multiple Daily Rewards

Best Crypto Casinos Reviewed

1. TG Casino: Excellent Mobile Experience Coupled with Welcome Package of 10 ETH

TG Casino

TG Casino is a top choice for gamblers who want to experience the latest titles without making any compromises on the bonuses. As a result of being a crypto gambling destination, TG Casino can be generous with the bonuses that it provides to the customer.

Welcome Bonus and Other Campaigns

The generosity becomes apparent from the welcome package, which can go as high as 10 Ethereum once the initial deposit gets a 200% rakeback bonus. As and when the player goes about meeting the tall wagering requirement of 60X, the welcome package gets released into the account in a staggered manner. It is exhausting for players to meet the wagering requirements at many online casinos, but that is not the case with TG Casino.

Gaming Choices for Players

TG Casino also wins the battle among gaming destinations for the volume of games offered. In total, there are 5000+ gaming choices, and it makes a big difference to the kind of gaming that a player can experience on the site. You might be a fan of slots of a specific genre, but there is a high probability of finding that game at TG Casino. The same applies to fans of other gaming categories like live dealer titles, where it can be particularly difficult to provide a lot of variations.

Areas to Improve

Despite hosting several thousand gaming options, the user interface at TG Casino could do with some improvements. The players certainly appreciate the option of trying out games in demo mode, but the lack of filtering options causes a minor hindrance. Even though a search option is available, the presence of filtering from the lobby would have made a huge difference. The brand would also be better off providing more offers for existing players rather than diverting most of the rewards through the loyalty program.

Launched Date 2023
Sign-up Bonus and Rewards 200% welcome bonus up to 10 ETH + 50 Free Spins
Number of Games 5,000+
Minimum Deposit 0.0001 BTC

Top Cryptos Supported

  • Bitcoin
  • Ethereum
  • USD Coin (USDC)
  • Cardano
  • Tether USDT

2. BetPanda: Several Promotional Campaigns and up to 1 BTC in Rewards

BetPanda

Welcome Bonus and Other Campaigns

The welcome bonus from BetPanda is an impressive 200% up to 1 Bitcoin. Despite carrying a wagering requirement of 80X, this is an impressive welcome package. Interestingly, the players also have other promotional offers, like cashback offers for the casino and live casino segments. The players can get cashback to the tune of 10% and 5% respectively.

Gaming Choices for Players

Featuring more than 30 developers and 5000+ gaming options, BetPanda is a destination for every type of gaming activity. The frequency at which the site gets new gaming titles is very high. This means that players no longer have to wait for a long time from the launch of games to experience them on BetPanda. Due to the extensive support for cryptos, BetPanda is a great destination for anonymous play and provably fair titles.

Areas to Improve

One of the criticisms of BetPanda would be the availability of less responsible gambling tools. The site does not mention the availability of these responsible gambling tools, which are few in number.

Launched Date 2023
Sign-up Bonus and Rewards 200% welcome bonus up to 1 BTC
Number of Games 5,000+
Minimum Deposit Nil

Top Cryptos Supported

  • Bitcoin
  • Ethereum
  • Binance Coin
  • Cardano
  • Tether USDT

3. Instant Casino: Great Collection of Original Games and up to $8200 in Signup Bonuses

Instant Casino

Instant Casino is a brand that has made a recent foray into the crypto gambling segment. Featuring a license from the Government of the Autonomous Island of Anjouan, Instant Casino is capable of providing fast withdrawals and several attractive offers for its users. However, should players rely only on these parameters to choose this platform over the others?

Welcome Bonus and Other Campaigns

The welcome package from Instant Casino can be very interesting with players getting access to a regular match bonus and a cashback offer. This package gets split up as a 200% match bonus and a 10% cashback. The former carries a wagering requirement of 60X, whereas the latter does not require users to perform any wagering activities to release the funds. However, the cashback offer is only a 10% match of the losses suffered by the player in the preceding week. A player has ample time and opportunities to get more out of the bonuses section courtesy of elements like tournaments and boost offers.

Despite the availability of many options, Instant Casino’s biggest benefit compared to the competitors will be the presence of a 10% cashback offer. This cashback gets applied when players have suffered a loss in the previous week. A player will receive 10% of the loss without any wagering requirement.

Gaming Choices for Players

The categories of gaming available at Instant Casino are remarkable, as the site goes beyond the expectations of providing slots and live dealer titles. A player can even access an original set of titles like Mines, Plinko, Dice, Hi-Lo, and more. These original titles take up an exciting space compared to the large volume of gaming options that are common in the iGaming segment. The slots are an area where Instant Casino users are most likely to feel the similarities with other brands. The gaming options are from creators like Novomatic, NetEnt, Pragmatic Play, Evolution Gaming, and more. This creates a very competitive space.

Areas to Improve

Instant Casino does not yet offer a mobile app. Instead, players have to install a pseudo app by accessing the mobile site from the mobile browser. This is not the greatest solution, and the brand suffers as a result. It would also be immensely beneficial if Instant Casino were able to include filtering and sorting options in the gaming library. This is particularly crucial given the 3000+ options available across all segments.

Launched Date 2024
Sign-up Bonus and Rewards 200% welcome bonus up to $8,100 + 10% Cashback
Number of Games 3,000+
Minimum Deposit 0.0001 BTC

Top Cryptos Supported

  • Bitcoin

4. BC Game: Maximum Number of Games with $1600 in Bonuses

BC Game

BC Game is a brand that has several unique characteristics among other crypto gambling sites that have come about in the last few years.

Welcome Bonus and Other Campaigns

BC.Game is one of the few gambling destinations where players can see a welcome bonus provided for up to their fourth deposit. The total match percentage over the first four deposits would be 470%, followed by a combined maximum limit of $1600. The player would also receive 400 free spins as part of the package.

Gaming Choices for Players

The players need not stop with just these iconic games alone, as the coverage from the brand spreads into multiple segments. For example, there are well-optimized mobile games from Play’n GO, while Evolution Gaming delivers some of the finest live dealer titles around. Behind the encryption lies a gaming library where players can come across live casinos, table games, casual games, slot titles, and a lot more. It may not be easy to come across original titles at this destination, but BC Game features several classic titles that are a big win on the site.

Areas to Improve

The cluttered interface of BC Game is one of the few disadvantages, but it is a byproduct of having a huge array of products.

Launched Date 2017
Sign-up Bonus and Rewards 470% welcome bonus up to $1600 + 400 Free Spins
Number of Games 8,000+
Minimum Deposit 0.0001 mBTC

Top Cryptos Supported

  • Bitcoin
  • Dogecoin
  • Ethereum
  • USD Coin (USDC)
  • Cardano

5. Betplay: The OG with a Welcome Package of 100% up to 5000 USDT

Betplay

Featuring a Costa Rica license, BetPlay focuses all of its energy on four segments – slots, table games, jackpots, and live casino.

Welcome Bonus and Other Campaigns

The BetPlay bonus offer for new customers stands at an impressive 5000 USDT or the equivalent in other cryptos. The initial deposit from the player gets a 100% match. Depending on the player’s preference, it is possible to get the bonus in different cryptos. Due to the bonus carrying an 80x wagering requirement, a lot of effort is needed to convert the bonus into a withdrawable fund.

Gaming Choices for Players

The categories of gaming available at BetPlay are remarkable, as the site goes beyond the expectations of providing slots and live dealer titles. A player can even access an original set of titles like Mines, Plinko, Dice, Keno, and more. These original titles take up an exciting space compared to the large volume of gaming options that are common in the iGaming segment.

Areas to Improve

BetPlay only provides an app for access from iOS devices. Android users need to make use of the mobile site.

Launched Date 2020
Sign-up Bonus and Rewards 100% welcome bonus up to 5000 USDT
Number of Games 6,000+
Minimum Deposit 5 uBTC

Top Cryptos Supported

  • Bitcoin
  • Ethereum
  • Litecoin
  • Cardano
  • Tether USDT

6. Cryptorino: Best Demo Mode Access with Welcome Package up to 1 BTC

Cryptorino

A new entrant to the iGaming industry with its big support for cryptos, Cryptorino has been getting a lot of attention. Despite being a new entrant, the availability of a Costa Rica Gaming license gives Cryptorino a great deal of authority to operate in the segment.

Welcome Bonus and Other Campaigns

The welcome package at Cryptorino is worth up to 1 BTC after a 100% match. Meanwhile, the wagering requirement for this bonus stands at 80x. Apart from the welcome package, Cryptorino is one location where players can come across multiple types of offers. This will range from simple monthly tournaments to exclusive offers for a specific game category on a specific day. For example, the Weekend Tournament is a campaign for getting up to $7000 while only playing slot games.

Gaming Choices for Players

The seriousness given to game titles is apparent from the variety on offer. The players will also appreciate the availability of most titles in demo mode. This option to try out games may give an edge to the player. Beyond the strength of gameplay, Cryptorino has focused on making Game Shows and other categories enjoy a strong presence on the platform.

Areas to Improve

Cryptorino only provides an app for iOS devices. This leaves players who use Android phones and tablets in the lurch – even if the mobile app is good.

Launched Date 2023
Sign-up Bonus and Rewards 100% welcome bonus up to 1 BTC
Number of Games 6,000+
Minimum Deposit 0.0001 BTC

Top Cryptos Supported

  • Bitcoin
  • Ethereum
  • Shiba Inu
  • TRON
  • Ripple

7. CoinPoker: Great Site for Poker Lovers and Welcome Bonus of up to $30,000

CoinPoker

CoinPoker is definitely not among the latest options in this list of online gambling destinations. Founded in 2017, the brand has plenty of experience when it comes to dealing with the different requirements of players. Over the years, CoinPoker has evolved into an excellent platform, and an operational license from the Curacao Gaming Control Board gives a strong reason to consider this brand over the competitors.

Welcome Bonus and Other Campaigns

The welcome package remains an instrumental figure in attracting new players. The strength of bonus offers has not gone down at CoinPoker despite having been around for a while. A humongous welcome package worth up to $30,000 along with additional incentives like free spins and free bets are a big reason behind CoinPoker’s success. The strength of CoinPoker also extends into a number of other bonuses. If players want to get dedicated offers for slots and live dealer titles, they are in for a good treat at CoinPoker.

Gaming Choices for Players

The instant withdrawal and excellent set of bonus offers are not the only reason to sign up with CoinPoker. The brand can deliver more than 4000 gaming choices across the board. After having had humble beginnings, CoinPoker has certainly come a long way in the last few years. They have been able to push gaming options from the best developers in the world. It means hosting titles from the likes of NetEnt, Pragmatic Play, Evolution Gaming, and more.

One of the top elements of CoinPoker would be the spectacular variety on offer in the poker section. If players want to experience the best of poker in the region, they have access to CoinPoker with its rooms full of traffic throughout the day. There are also game variations with different entry limits.

Areas to Improve

Even though CoinPoker has very few areas where it can be improved, this is still not perfect. The site could do with some additions to the lobby experience. The lack of filtering options can make it difficult for fans of a specific type of game. For example, a player keen on classic slot games with three reels needs to filter through a large number of games in the library. They are able to land on a suitable game only after an extensive time spent.

Launched Date 2017
Sign-up Bonus and Rewards 200% welcome bonus up to $30,000 + 50 Free Spins
Number of Games 4,000+
Minimum Deposit 0.0001 BTC

Top Cryptos Supported

  • Bitcoin
  • Ethereum
  • CHP
  • Cardano
  • Tron

8. Wild.io: Comprehensive Collection of Games with up to $5000 in Welcome Offer

Wild.io

Wild.io is a premier destination that provides many crypto gambling opportunities while operating with a license from the Curacao Gaming Control Board.

Welcome Bonus and Other Campaigns

The welcome offer from Wild.io goes up to $5000 after a match of 120%. There are also 75 free spins that can be claimed by the user. Besides this welcome package, a player can look forward to a large number of bonuses like reload offers, monthly tournaments, free spin bonuses, and more. The overall welcome package stands at up to 350%, along with 200 free spins.

Gaming Choices for Players

Despite being a new option in the segment, Wild.io has made sure that the top gaming titles in almost every segment make their presence in the library. For this purpose, the brand has collaborated with all the top developers. This results in a gaming library that is enriched by more than 40+ developers. If a player was keen on slots, they would find all the top gaming choices from modern games with multiple bonus rounds to classic titles focusing most of their rewards in a single round.

Areas to Improve

Wild.io comes with a busy interface that can take a while to understand. Yet, this could be unavoidable given the sheer volume of gaming choices.

Launched Date 2022
Sign-up Bonus and Rewards 120% welcome bonus up to $5000 + 75 Free Spins
Number of Games 8,500+
Minimum Deposit 0.0001 BTC

Top Cryptos Supported

  • Litecoin
  • Bitcoin Cash
  • Ripple
  • Ethereum
  • Tether USDT

9. Lucky Block: Finest Site for Crypto-Only Gambling with Up to $27,100 in Signup Bonuses

Lucky Block

Lucky Block is a crypto-only casino that launched in 2022 and quickly made a name for itself. It stands out with its huge game library, offering more than 4,500 games, including popular slots, live dealer tables, and a variety of table games. Some popular slots include “Big Bass Splash” and “Bonanza”, while live dealer options include roulette, blackjack, baccarat, and even poker variations from top providers.

Welcome Bonus and Other Campaigns

New players get an impressive welcome offer: a 200% match on the first deposit, up to $27,100, plus 50 free spins. Unlike many platforms, Lucky Block’s welcome bonus is split into ten parts, making it easier to unlock. All you have to do is wager your deposit six times to release 10% of the bonus at a time. The platform is also planning to introduce a loyalty program soon, giving regular players more perks​. Since Lucky Block also manages to deliver promotional offers for specific segments like slots and live dealer titles, users are unlikely to complain even on this front.

Gaming Choices for Players

Lucky Block is also a sportsbook, with bets available on over 35 sports and esports markets, making it appealing for sports fans as well. Unique to this platform, users can even play games and manage accounts through the Telegram app, using WalletConnect for faster transactions and added security.

They also have their own token, LBLOCK, which can be used for deposits and withdrawals on the platform. For those new to crypto, Lucky Block even lets you buy Bitcoin directly on their site. Transactions are typically fast, often taking just minutes, with no additional fees apart from standard blockchain charges. If players decide to play with LBLOCK, they can enjoy additional rewards of 15% as cashback. Since the token is applicable in all segments of the Lucky Block casino, there is no trouble with usability.

Areas to Improve

Lucky Block appears to tick all the boxes with a VIP club, loyalty program, jackpot offers, and integration. The site, however, misses out on a few elements like a direct mobile app, which would have provided an optimized way for accessing the games. The amount of customization available in the game library is also minimal. It means a player has to work slightly harder to find their preferred type of titles. The availability of sorting and filtering options in the game library would have made things a lot easier.

Launched Date 2022
Sign-up Bonus and Rewards 200% welcome bonus up to $27,100 + 50 Free Spins
Number of Games 4,500+
Minimum Deposit 0.0001 BTC

Top Cryptos Supported

  • Bitcoin
  • Ethereum
  • USD Coin (USDC)
  • Cardano
  • Tether USDT

10. Mega Dice: Brilliant Access to Crypto Gambling with One Bitcoin in Rewards

Mega Dice

Mega Dice is a platform crypto gambling enthusiasts can expect to come across a large number of gaming options. Due to the wide scope of players that it attracts, Mega Dice needs to have all types of gaming options loaded into the library.

Welcome Bonus and Other Campaigns

The star of the show when it comes to Mega Dice would be the welcome package. For players who have just signed up on the site, the maximum bonus can go up to one bitcoin. Even though the crypto market tends to be very volatile, players can end up making up a sizable bonus just with this one offer alone. Despite having significant room at the upper end, Mega Dice does not have exorbitant requirements in the wagering segment. A player only has to meet 60 X wagering requirements before they are able to use any of the payment options and withdraw funds.

Apart from the welcome package, Mega Dice is one location where players can come across multiple types of offers. This will range from simple monthly tournaments to exclusive offers for a specific game category on a specific day. For example, the Mega Saturday Slots is the campaign for getting up to 2500 USDT while only playing slot games on Saturdays.

Gaming Choices for Players

Mega Dice has a collaboration with some of the best providers in the industry. Some of the top providers whose products are featured in Mega Dice will be NetEnt, Play’n GO, Evolution Gaming, Big Time Gaming, and more. If players are after iconic games like Starburst, Mega Dice would be the perfect choice. The players need not stop with just these iconic games alone, as the coverage from the brand spreads into multiple segments. For example, there are well-optimized mobile games from Play’n GO, while Evolution Gaming delivers some of the finest live dealer titles around.

Areas to Improve

Even though Mega Dice has a huge volume of gaming options, it does not excel in every regard. For example, a player does not get the advantage of dedicated mobile access. There is integration with Telegram through a dedicated chatbot, but it is not as good as having a dedicated mobile app.

Launched Date 2023
Sign-up Bonus and Rewards 200% welcome bonus up to 1 Bitcoin + 50 Free Spins
Number of Games 6,000+
Minimum Deposit 0.0001 BTC

Top Cryptos Supported

  • Bitcoin
  • Ethereum
  • DICE
  • Cardano
  • Tether USDT

11. WSM Casino: Extensive Gambling Experience with up to $25,000 in Sign Up Rewards

WSM Casino

WSM Casino, launched in October 2023, is a modern online gaming platform that offers a wide variety of casino games and betting options. Licensed in Curacao, it provides a safe and regulated environment for players. The casino features over 5,000 games, including an impressive selection of 3,500+ slots. Classic table games like poker, blackjack, and roulette are also available, along with a live dealer section for a more immersive experience.

Welcome Bonus and Other Campaigns

A standout feature is the casino’s sportsbook, covering 35+ markets. You can bet on popular sports, virtual sports, and even esports. The platform does not have a dedicated mobile app, but the mobile-friendly design ensures smooth gaming on smartphones and tablets.

For new players, WSM Casino offers an attractive welcome bonus of 200% up to $25,000. This generous offer is complemented by regular promotions and loyalty rewards for returning players, making it appealing for both beginners and seasoned gamblers. The casino also supports deposits and withdrawals in 13 cryptocurrencies. If you do not have crypto, you can easily buy it with your debit or credit card through the platform.

Gaming Choices for Players

Players can trust that their data is secure and that the games are fair. The platform uses encryption technology to protect user information. Customer support is available to assist with any questions or issues. They offer help through email and a support center with FAQs. Behind the encryption lies a gaming library where players can come across live casinos, table games, casual games, slot titles, and a lot more. It may not be easy to come across original titles at this destination, but WSM features several classic titles that are a big win on the site.

Areas to Improve

WSM has an update policy for its gaming library that is as good as any other brand in the segment. However, the user interface only makes it easy to find the new titles on the site. For someone who is digging deep to find a specific category or type of game, the game library is not the best around. A search functionality is offered but it happens to be quite basic. If WSM worked on these aspects, it would be a big boost.

Launched Date 2023
Sign-up Bonus and Rewards Get 200% deposit bonus up to $25,000 + 50 Free Spins + 10 Free Bets
Number of Games 5,000+
Minimum Deposit 0.0001 BTC

Top Cryptos Supported

  • Bitcoin
  • Ethereum
  • Dogecoin
  • Cardano
  • Bitcoin Cash
  • Tether

12. Blockspins: Diverse Collection of Slot Titles with $1000 in Welcome Offers

Blockspins

Blockspins comes with a Costa Rica license, and it is the latest name on the block.

Welcome Bonus and Other Campaigns

A new player at Blockspins will be eligible for up to $1000 after a 100% match. Apart from this welcome package, players can also be eligible for 10% cashback each week. Furthermore, there are premium VIP rewards when players qualify for this program based on their wagers.

Gaming Choices for Players

On the gaming front, Blockspins delivers a great package for someone who is a fan of slot titles. There are just over 1000 titles available on the site, but a staggering percentage of games can be seen in the slots category. Blockspins is very choosy about hosting games from different providers. The cautious approach is also reflected by the brand having just 30 developers on the site. Of course, prominent names like NetEnt, Evolution, and Play’n GO are featured as expected.

Areas to Improve

Blockspins provides an enormous concentration of slots and this results in a detrimental effect on players who want to experience live casinos or jackpots. There are just a few titles with a jackpot on board. These are numbers that can be improved to make Blockspins a much better gaming destination. However, this remains a top choice for someone who values slot titles more than other gaming options.

Launched Date 2024
Sign-up Bonus and Rewards 100% welcome bonus up to $1000
Number of Games 1,000+
Minimum Deposit Nil

Top Cryptos Supported

  • Bitcoin
  • Ethereum
  • Tron
  • Cardano
  • Tether USDT

13. Shuffle: Access to Best-in-Class VIP Program and Big Assortment of Promo offers

Shuffle

Licensed in Curacao, Shuffle provides a safe and regulated environment for players. The casino features over 3,000 games, including an impressive selection of 2,000+ slots.

Welcome Bonus and Other Campaigns

Shuffle comes with a long set of promotional offers designed to give players some degree of rewards on a weekly and monthly basis. The volume of weekly and monthly tournaments at Shuffle is extraordinary. Furthermore, the brand also offers a well-designed VIP program. The headline of a welcome bonus may be missing from Shuffle, but the brand certainly compensates in other regards.

Gaming Choices for Players

The slots are the staple of Shuffle, but an equal amount of importance is given to a handful of original titles and table games. Even the live dealer segment has been tastefully done, as players get the option of trying out games in demo mode before they can switch over to playing with real money. Featuring just over 100 different live dealer versions, Shuffle boasts a strong reason to consider this platform over the others.

Launched Date 2023
Sign-up Bonus and Rewards Nil
Number of Games 2,000+
Minimum Deposit 0.0001 BTC

Areas to Improve

The lack of a clear welcome package is a distinct difference on Shuffle. At a time when the online gambling segment relies heavily on the welcome package to enhance user engagement, this comes as a major difference.

Top Cryptos Supported

  • Bitcoin
  • Ethereum
  • USD Coin (USDC)
  • Cardano
  • Tether USDT

14. Jackbit: Access to Multiple Gambling Products with Wager-Free 100 Spins

Jackbit

Featuring a Curacao gaming license, Jackbit has made great strides in the last few years.

Welcome Bonus and Other Campaigns

This is a brand that attracts newcomers with a welcome bonus of 100 free spins. There may not be a match up bonus for newcomers, but these free spins come with no wagering requirements. The brand also comes out with a slew of tournaments, VIP programs, and cashback offers.

Gaming Choices for Players

After having had humble beginnings, Jackbit has certainly come a long way in the last few months. They have been able to push gaming options from the best developers in the world. It means hosting titles from the likes of Microgaming, Pragmatic Play, and more. The decision to use these developers results in a high-quality gaming experience.

Areas to Improve

For someone who is digging deep to find a specific category or type of game, the game library is not the best around. A search functionality is offered, but it happens to be quite basic. If Jackbit worked on these aspects, it would be a big boost.

Launched Date 2022
Sign-up Bonus and Rewards 100 Free Spins
Number of Games 6,000+
Minimum Deposit 0.0001 BTC

Top Cryptos Supported

  • Bitcoin
  • Ethereum
  • USD Coin (USDC)
  • Cardano
  • Tether USDT

15. Metawin: Best Unique Gaming Experiences with Multiple Daily Rewards

Metawin

Metawin is a global crypto platform that has received widespread acceptance and acclaim.

Welcome Bonus and Other Campaigns

Metawin is a unique proposition in several ways, and one of the first would be the absence of a welcome package. The brand does make up a lot through the availability of several offers and campaigns. For example, the Free Spins Friday package provides up to 20 free spins every week. The top campaigns would be the daily rewards promo worth up to $700,000 every month or the rakeback bonus capable of giving back 5% of the wager.

Gaming Choices for Players

The availability of gaming choices in big numbers makes it a strong choice for any type of entertainment. As with any other online gambling destination, slots take up a big chunk of the gaming products, but other categories also find favor at Metawin.

Areas to Improve

Metawin’s biggest improvement could take place in the design, which can be rather confusing and involves a little more navigation than required.

Launched Date 2022
Sign-up Bonus and Rewards Nil
Number of Games 4,000+
Minimum Deposit 0.0001 BTC

Top Cryptos Supported

  • Bitcoin
  • Ethereum
  • Solana
  • Cardano
  • Tether USDT

Best Crypto and Bitcoin Casinos Comparison

Casino Name Number of Games Minimum Deposit Welcome Bonus
TG Casino 5,000+ 0.0001 BTC 200% welcome bonus up to 10 ETH + 50 Free Spins
BetPanda 5,000+ N/A 200% welcome bonus up to 1 BTC
Instant Casino  3,000+ 0.0001 BTC 200% welcome bonus up to $8,100 + 10% Cashback
BC Game 8,000+ 0.0001 mBTC 470% welcome bonus up to $1600 + 400 Free Spins
BetPlay 6,000+ 5 uBTC 100% welcome bonus up to 5000 USDT
Cryptorino 6,000+ 0.0001 BTC 100% welcome bonus up to 1 BTC
CoinPoker 4,000+ 0.0001 BTC 200% welcome bonus up to $30,000 + 50 Free Spins
Wild.io 8,500+ 0.0001 BTC 120% welcome bonus up to $5000 + 75 Free Spins
Lucky Block 4,500+ 0.0001 BTC 200% welcome bonus up to $27,100 + 50 Free Spins
Mega Dice 6,000+ 0.0001 BTC 200% welcome bonus up to 1 Bitcoin + 50 Free Spins
WSM Casino 5,000+ 0.0001 BTC Get 200% deposit bonus up to $25,000 + 50 Free Spins + 10 Free Bets
Blockspins 1,000+ N/A 100% welcome bonus up to $1000
Shuffle 2,000+ 0.0001 BTC N/A
Jackbit 6,000+ 0.0001 BTC 100 Free Spins
Metawin 4,000+ 0.0001 BTC N/A

How to Choose the Best Bitcoin Casinos and Gambling Sites?

Choosing the best crypto casinos isn’t easy because there are so many out there. Some look good but might be scams, while others are safe but boring. 

So, here’s a quick guide to picking the best cryptocurrency casinos for you.

Supported Cryptocurrencies

Not every casino takes all types of crypto. Most accept Bitcoin (BTC), which is the most common. But lots of crypto casinos also take other popular coins like Ethereum (ETH), Litecoin (LTC), and sometimes Dogecoin (DOGE) or even stablecoins like Tether (USDT). 

If you have a favorite coin or want to switch between coins, check what each casino allows. The best casinos usually support a good variety, so you’re not stuck with just one coin.

Bonuses and Loyalty Programs

Bonuses are huge in crypto casinos! Almost all casinos offer bonuses like a welcome bonus for new players. For example, some sites might match your first deposit up to a certain percentage. 

Let’s say you deposit $100 worth of Bitcoin, and the casino has a 100% bonus – they’ll add another $100 to your account, giving you $200 to play. 

However, bonuses usually come with “wagering requirements”, which means you have to play a certain amount before you can cash out your bonus winnings.

Loyalty programs are also a big deal. If you play often, you can earn points or rewards that might get you cashback, special perks, or even VIP status. Top casinos often have great loyalty programs that make long-term playing more fun and rewarding.

Quick and Convenient Deposits and Withdrawals

Fast payments are a must for crypto casinos. Unlike traditional casinos, crypto transactions are generally fast. Deposits are usually instant, so you can start playing right away. Withdrawals depend on the casino’s policy. 

Some crypto casino websites process payouts in minutes, while others might take a few hours or even days. Look for casinos that process withdrawals quickly – some even offer instant withdrawals for certain cryptocurrencies. Also, check if there are fees on transactions. The best crypto casino sites keep fees low or cover them entirely.

Variety of Games and Providers

A good crypto casino should have lots of games. The best ones have everything from slots, table games like blackjack and roulette, to live dealer games and even sports betting

The casino’s game providers matter too. Big names like Microgaming, NetEnt, and Evolution Gaming make high-quality games that are fun and fair. If you like something specific, like poker or live dealer games, make sure the casino has those. The best cryptocurrency casino will offer a massive variety to keep you entertained.

Safety and Regulatory Compliance

When it comes to safety, this is super important with crypto casinos. The best casinos have licenses from places like Curacao or Malta. A license means the casino is checked by a government authority, so they follow rules that protect players. 

Also, look for casinos that use strong security features, like SSL encryption, which protects your info from hackers. Some even have “provably fair” games, meaning you can check game outcomes to make sure they’re fair. If a casino has a license and good security, you can trust it more.

Usability and Mobile Compatibility

A casino site should be easy to use. If the site is confusing or full of ads, it’s not a good experience. The best crypto casinos have a clean layout, where you can find games, bonuses, and account info easily. 

Mobile compatibility is another big thing. Many people play on their phones, so the casino’s mobile site or app should be smooth and not laggy. A good mobile experience means you can enjoy games on the go, which is awesome if you’re bored or waiting somewhere.

Reputation

Last but not least, reputation is super important. If a casino has a bad reputation, avoid it. Check online casino reviews to see what other players say. Look for crypto gambling sites with high ratings and positive feedback. 

If you see lots of complaints about scams or slow payments, it’s a red flag. The best crypto casinos are known for fair play, good customer support, and fast payouts.

What is Bitcoin Casino?

A Bitcoin casino is an online casino where you can use Bitcoin (BTC) and other cryptocurrencies to play games and place bets. Just like regular online casinos, Bitcoin casinos have all kinds of games – from slots and blackjack to live dealer games and even sports betting. But the main difference is that you use Bitcoin or other crypto coins, like Ethereum (ETH) and Litecoin (LTC), instead of traditional money.

The best thing about Bitcoin casinos is the speed of payments. Deposits are usually instant, and withdrawals are often much faster than with regular online casinos. Plus, since crypto doesn’t go through banks, you can play more privately, which is a big deal for many people.

Types of Bitcoin Casino Games

Since you’re playing with Bitcoin or other cryptocurrencies, you can play a huge variety of games and even bet on sports or eSports. Some games are pure luck, while others need skills or strategy. Here’s a quick look at the most popular types of games you’ll find in crypto casinos.

Casino Table Games and Slots

Table games and slots are the classics of any casino, including Bitcoin casinos. For table games, you’ll find favorites like blackjack, roulette, and baccarat. Blackjack is all about beating the dealer to 21, while in roulette, you bet on numbers or colors where the ball might land. Baccarat is a card game with simple rules, so it’s great if you’re new to casinos.

Slots are super popular because they’re easy and don’t need any special skills. In a Bitcoin casino, you’ll see hundreds of slot games with different themes, from ancient Egypt to fantasy worlds, and all sorts of bonus features. Some slots even have jackpots where you can win big if you’re lucky. 

Many Bitcoin and crypto casinos work with big game providers like NetEnt and Microgaming, so the graphics are awesome, and the gameplay is smooth.

Sports and eSports Gambling

Sports betting is huge, and crypto casinos make it easy to bet on your favorite sports using Bitcoin. Whether you’re into soccer, basketball, or tennis, you can find a range of games to bet on. 

You can place different kinds of bets, like who’ll win or lose, how many goals will be scored, and more.

But it’s not just traditional sports – eSports are also a big part of crypto casinos. eSports betting lets you bet on video games like CS, Dota 2, and League of Legends

Since eSports is growing fast, betting on these games has become super popular, especially with younger players. Many Bitcoin casinos have both sports and eSports options, so you can switch between them anytime you want.

Crash and Dice Gambling

In a Crash game, you watch a multiplier go up, and you have to cash out before it “crashes”. If you wait too long, the game crashes, and you lose your bet. But if you cash out in time, you win based on the multiplier. It’s a game of nerves – the higher the multiplier, the more you can win, but it could crash at any moment.

Dice games are super simple and very popular in Bitcoin casinos. You bet on a number range, then roll the dice to see if it lands in that range. The great thing about dice is you can choose your own risk level. For example, if you go for a small range, you have a better chance of winning but a smaller payout. If you go for a larger range, it’s riskier but with a bigger payout.

Poker

Poker is a classic casino game that needs both skill and strategy. In Bitcoin casinos, you can play different types of poker, like Texas Hold’em, Omaha, and Stud. The most popular is Texas Hold’em, where you get two private cards and try to make the best hand with five community cards. You play against other players, not the house, which makes it challenging and fun.

Many crypto casinos even have live poker tables, where you can play in real-time with a live dealer. This makes the game feel more realistic, and it’s a great way to test your poker skills against real people. Since it’s a strategy game, poker is popular among players who like a bit more control over their chances of winning.

Lottery

If you like games of pure luck, lotteries in Bitcoin casinos are super fun. You buy a ticket, pick numbers, and wait for the draw to see if you win. Some Bitcoin casinos have their own lottery games with prizes paid out in Bitcoin or other crypto, while others offer big international lotteries like Powerball.

Lotteries are great because even a small ticket could win a huge jackpot. Some casinos offer daily, weekly, or monthly draws, so you can choose how often you want to play. Plus, since it’s all online, you don’t even have to leave home – just buy a ticket and wait to see if you’re lucky.

How to Sign Up for a Crypto Casino?

Signing up and playing at a crypto casino is super easy! Here’s a step-by-step guide:

  1. Choose a Bitcoin Casino: First, pick a trusted and best Bitcoin casino. Look for sites with good reviews, a gaming license, and a variety of games. Make sure they accept BTC or other crypto you have, like ETH or USDT.
  2. Create an Account: Go to the casino’s homepage and click the “Sign Up” or “Register” button. Enter your email, username, and password. Some crypto casinos don’t even ask for much personal info, making it quicker.
  3. Deposit Bitcoin: After signing up, go to the “Deposit” section. The casino will give you a unique Bitcoin address to send funds to. Copy this address, go to your crypto wallet, and send the amount you want to play with. Deposits usually show up within minutes.
  4. Claim Bonuses (Optional): Many Bitcoin casinos offer welcome bonuses. Check the promotions page and activate any bonus you like before playing.
  5. Start Playing: Now, you’re ready to play! Pick a game, place your bets, and have fun.
  6. Withdraw Winnings: If you win, go to the “Withdraw” section, enter your wallet address, and request your payout. Bitcoin casinos usually process withdrawals quickly.

Why TG Casino and Other Top Crypto Casinos Are the Best Choice for Gamers

To wrap it up, the best crypto casinos like TG Casino are perfect for anyone wanting fast, secure, and fun gaming with crypto. They offer huge game selections, big welcome bonuses, and instant payouts, making them exciting options for crypto gamblers.

Each site has its own features and gaming experience – whether you want big bonuses or fast gameplay. Plus, with provably fair games and easy deposits, these casinos make online gambling super accessible and safe. Just remember to check your local laws to stay on the safe side.

FAQs

Which is the best crypto casino?

TG Casino, Instant Casino, and Lucky Block are the best crypto casinos for supporting varieties of cryptocurrencies, fair gameplay, and quick deposit and withdrawal process.

Is gambling with cryptocurrency legal?

Yes, crypto gambling is legal in many places, but it depends on the country. Some places allow crypto casinos fully, while others restrict or ban online gambling. Since cryptocurrency isn’t always regulated like traditional money, this can add some flexibility for users. However, each player needs to check local laws to ensure that crypto gambling is legal where they live.

Where can you buy crypto for online gambling?

You can buy crypto on major crypto exchanges like MEXC, Binance, or Bybit, which allow you to purchase Bitcoin, Ethereum, and other popular cryptos with bank transfers or credit cards. Some casinos like TG Casino also let players buy crypto directly through their platform using debit or credit cards, which can make it easier if you’re buying crypto specifically for gambling.

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Is online gambling with cryptocurrency safe?

Yes, crypto gambling can be safe if you play on licensed and well-reviewed sites. The best crypto casinos like TG Casino and Lucky Block use blockchain technology, which makes transactions secure and transparent. Many casinos also offer “provably fair” games, meaning you can verify the fairness of each game result. Still, only gamble on reputable platforms to avoid scams.

Are there any legal crypto casinos in the US?

Legal crypto casinos are limited in the U.S. due to federal and state gambling laws. Some states allow it, but others strictly prohibit online gambling, including crypto casinos. For U.S. players, it’s common to use a VPN to access crypto casinos if their state laws are strict.

Are crypto casinos licensed?

Yes, top crypto casino sites like Coinpoker, Lucky Block, and TG.Casino are often licensed in places like Curaçao, which is a common licensing jurisdiction for online casinos. A license means the casino meets certain security and fairness standards, but these licenses are often less strict than those in some other gambling-regulated areas like the UK.

What is the minimum deposit and withdrawal at a Bitcoin casino?

The minimum deposit and withdrawal vary by casino. For example, at Lucky Block, you can deposit and withdraw as little as 0.0001 BTC, which is great for beginners. Some casinos require a higher minimum, like TG.Casino, but it still keeps it accessible. Check each casino’s FAQ to confirm these limits, as they may vary based on the currency.

What is a provably fair game?

A provably fair game uses blockchain tech to prove that game results are random and not rigged. This is especially popular in crypto casinos, as it builds trust by letting players verify that each result is fair. Many crypto games on sites offer this feature, especially for simpler games like dice, so players can gamble with confidence that the outcome isn’t manipulated.

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eToro Review 2025: Pros, Cons, Features, and Safety https://nftevening.com/etoro-review/?utm_source=rss&utm_medium=rss&utm_campaign=etoro-review Fri, 15 Nov 2024 10:09:54 +0000 https://nftevening.com/?p=141963 iYou may have seen some of the ads for eToro and are now thinking, “Is eToro safe” or “Is it worth it?” Well, in this eToro review we are going

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iYou may have seen some of the ads for eToro and are now thinking, “Is eToro safe” or “Is it worth it?” Well, in this eToro review we are going to take a deep look at the things that set this platform apart.

eToro lies somewhere between a trading site and the social media of online brokerage, but unlike other social brokers with multiple traders, you can learn from or copy trades directly. eToro users often highlight the social trading elements and the unique fee structure, particularly the upfront payment model for crypto trades. But does that mean it’s right for you? In this review, we will take a look at eToro and what makes it unique along with its security features as well as an overview of its pros & cons.

eToro

User Score

10

Join For Welcome Rewards

$10 Welcome Bonus

eToro Overview: Quick Summary

Platform Name eToro
Founded 2007
Founders Yoni Assia, Ronen Assia, David Ring
Headquarters Israel
Primary Service Social trading and investment
Key Features CopyTrader, Smart Portfolios, demo trading
Asset Types Stocks and ETFs, Crypto, Forex, Commodities, CFDs (6,000+ assets)
Supported Cryptos 100+
User Base Over 30 million globally
Available Countries 140+
Regulation FinCEN (US), FCA (UK), CySEC (EU), ASIC (AU)
Minimum Deposit $10 (varies by region)
Mobile App Yes, iOS and Android
Fees on Stocks Commission-free
Crypto Trading Fee 1% per transaction
Withdrawal Fee $5 per transaction
Inactivity Fee $10 monthly (after 12 months)
Demo Account Yes, $100,000 virtual funds
Security Measures SSL, KYC, 2FA
Customer Support Live chat, email, Help Center

What is eToro?

 eToro

eToro, which launched in 2007, started as a social trading platform and has since grown into a global trading and investment hub. Founded by Yoni Assia, Ronen Assia, and David Ring in Tel Aviv as an international trading platform, the company opened its doors in the U.S. in 2019., the platform is regulated in major countries like the UK, USA, Cyprus, and Australia. It’s a favorite for its variety of investment options: ETFs, cryptocurrencies, forex, commodities, stock trading, and more – all in one account.

What really draws many to eToro is the “CopyTrader” feature, which lets you mimic other traders’ trade in real-time. If you’re a beginner or just want to test new investment strategy, this can give you a leg up without having to be an expert yourself. Plus, you can try out different investment methods risk-free using their demo account.

eToro fees are generally fair or should we say high in the case of crypto trading. For example, crypto trades come with a 1% fee, while stock and ETF trades are commission-free. And if you’re interested in crypto, eToro has over 100 coins to choose from, so there’s a decent variety. They even offer staking options for crypto, which means you can earn extra on certain coins by holding them over time.

Their mobile app is user-friendly and works smoothly for tracking portfolios, checking charts, or managing your trades on the go. There’s also a separate eToro Money wallet app that lets you hold crypto securely.

Types of Accounts

eToro offers a variety of account types to cater to the diverse needs of its users, ensuring that everyone from beginners to seasoned traders can find an account that suits their trading style.

  • Standard Account: The Standard Account is the most common and accessible option on the eToro platform. With a minimum deposit of $200, it provides access to all the features and tools available, making it ideal for most users. Whether you’re interested in stocks, ETFs, or cryptocurrencies, this account type offers a comprehensive trading experience.
  • VIP Account: Designed for high-volume traders, the VIP Account comes with additional perks such as personalized support, advanced trading tools, and increased leverage. This account type is perfect for those who require more sophisticated trading capabilities and a higher level of service.
  • Islamic Account: For Muslim traders, eToro offers an Islamic Account that adheres to Sharia law. This account type is swap-free, meaning no interest is charged or paid on overnight positions, making it compliant with Islamic finance principles.
  • Demo Account: The Demo Account is a fantastic way for new users to get acquainted with the trading platform. It comes with $100,000 in virtual money, allowing users to practice trading and test their strategies without any financial risk. This account type is also useful for experienced traders who want to experiment with new trading strategies.

Pros

  • Intuitive design, easy for beginners to trade and invest
  • Social trading allows users to copy successful traders’ portfolios
  • 6,0000+ assets such as stocks, crypto, forex, and commodities
  • Zero fees and commission on stocks
  • Operates under multiple regulatory bodies in the US, UK, and Australia
  • $100,000 demo trading account to test investment strategy

Cons

  • High non-trading fees such as charges for withdrawals and inactivity
  • A 1% crypto trading fee is higher compared to other exchanges
  • Limited in-depth analysis tools compared to competitors
  • Higher spreads on cryptocurrency trades
  • Many important features such as Margin trading are restricted for U.S. customers
  • eToro is is not available to U.S. citizens in American Samoa, Guam, Hawaii, Nevada, New York, Puerto Rico, and the U.S. Virgin Islands.
eToro

User Score

10

Join For Welcome Rewards

$10 Welcome Bonus

eToro Trading and Investing Services

Cryptocurrency Trading

eToro offers a straightforward approach to crypto trading and investing. They’ve got about 100 of the major cryptocurrencies, like Bitcoin and Ethereum. And since it’s mostly high-market-cap coins, there’s a bit more stability, which is nice if you’re looking to stick with well-known assets. But keep in mind, if you’re in the U.S., there might be fewer coins to choose from because of different regulations, so it’s worth checking what’s available in your region.

The eToro crypto portal also has a “Discover” feature that makes exploring the crypto market easy. You can browse through the day’s top gainers to catch up on coins performing well. Plus, there are filters so you can zero in on coins with a high market cap, so if you want to focus on stable, well-known assets, you can do that too.

And if you’re interested in seeing what experienced investors are up to, there are portfolios from pro traders that you can check out, which gives you an idea of how they’re building their crypto investments.

Top cryptocurrencies by market cap on eToro

Important Note*: Only cryptocurrency trading on eToro is provided by eToro USA LLC. This company is not a registered broker-dealer or a member of FINRA, and your cryptocurrency assets are not insured by the FDIC or SIPC.*

Crypto Staking

The staking options of eToro let you earn between 4% to 6% APY on crypto assets like Ethereum, Solana, Cardano, and Tron, but there’s a catch. The rewards vary by membership level, so if you’re a “Non-Club” member, you get to keep 45% of the rewards, while a “Diamond” member keeps 90%.

So, eToro takes a decent chunk of the rewards, which can be pretty high compared to crypto exchanges like Binance and OKX which don’t charge these fees.

Crypto Staking

And for eToro ME users, staking is limited to Cardano, Solana, and Ethereum only. Plus, for those in the U.K. who joined after February 8, 2022, as well as Germany and the U.S., eToro staking services aren’t available at all.

Stocks

With the eToro trading platform, you can start stock trading with as little as $10. This low entry makes it easy for beginners to dive in, and you can even buy fractional shares. So, even if a stock is pricey, you can still invest a small amount. And with over 4,500 stocks from big exchanges like New York and Hong Kong, there’s a lot to explore. You can pick stocks from industries like tech or healthcare, and see prices in real-time, so it feels like you’re right there trading on an exchange.

Stocks on eToro trading platform

But keep in mind that eToro isn’t a traditional exchange, so stock investors won’t be able to move your open stock positions to another broker later. That might feel restrictive if you’re used to more flexibility. Also, while most trades don’t have a commission, there are still some fees, like currency conversion charges for non-U.S. stocks.

CFD Trading

When you look at eToro for CFD trading, you see a lot of options. You can trade over 6,000 assets. This includes popular stocks, currencies, commodities, and indices.

You can apply leverage here. It means you can control a larger position with a smaller amount of money. For example, with leverage, you can open a $1,000 position with just $200. You can also go short. This is great if you think an asset’s price will drop. You can profit from falling prices.

Exchange-Traded Funds (ETFs)

eToro gives you access to more than 300 ETFs, which are types of funds that let you invest in various things, from stock indexes to specific assets like commodities.

  • Index ETFs: These ETFs aim to follow major market indexes, like the S&P 500, and give you a broad view of the stock market’s performance. By investing in these, you’re essentially betting on the general movement of the economy without picking individual stocks.
  • Dividend ETFs: These funds focus on stocks from companies that have a strong history of paying regular dividends.
  • Bond ETFs: These are lower-risk ETFs that invest in bonds, offering a steady return. Ideal if you’re looking for a stable income and want to avoid the higher ups and downs seen with stocks.
  • Commodity ETFs: With these, you can invest in raw materials like gold, oil, or silver without directly buying them. They help diversify your portfolio, especially if you’re looking to hedge against inflation or other market risks.

Exchange-Traded Funds (ETFs) on eToro

Indices

eToro’s indices let you invest in big-picture market trends instead of picking individual stocks. You’ll find popular indices like the S&P 500 and NASDAQ 100 here, meaning you can track big parts of the U.S. economy. On eToro, you actually trade Contracts for Difference (CFDs), so you’re betting on price changes without actually owning the assets.

Leverage is available if you want to start with smaller amounts but can still be risky – up to 20x on main indices for European clients, and even 100x for eToro Seychelles clients. 

What’s cool is that with CopyTrader, you can copy trades from experienced traders, letting you get familiar with index investing without feeling lost. Minimum trades start at $1,000, though leverage options make it accessible for lower budgets, and real-time data tools are built into eToro’s platform to keep you updated.

Forex Market

In the Forex market on eToro, you’ll find options to trade all major currencies, including the USD, EUR, and GBP, as well as a range of minor and exotic pairs. With Forex, you’re trading on the exchange rates between two currencies, aiming to benefit from fluctuations.

eToro’s leverage in Forex is significant – up to 30x for major pairs in Europe. Trading hours are nearly continuous since the global currency market operates 24/5, meaning you have flexibility with time zones and markets.

Market spreads, beginning at 1 pip, vary depending on the currency pair and market conditions, and you can set stop-loss or take-profit limits to manage risk automatically.

 Forex market on eToro

Commodities

On eToro, trading in commodities is all about getting exposure to raw materials prices without needing to own them. Basically, you’re trading contracts based on the price movements of things like oil, gold, wheat, and coffee.

Say, instead of owning barrels of oil, you invest based on how much oil prices go up or down.

With eToro, you can access more than 34 different commodities. They’ve got energy products like crude oil and natural gas, precious metals like silver and gold, and even agricultural commodities like wheat or cotton. Each commodity is influenced by unique factors. Energy, for example, often moves with global events, while wheat prices might swing with seasonal weather changes

Social & Copy Trading on eToro

It is a social platform where you witness trade from others, comment on, and in fact ideas from all over the globe. This is like a social network for traders, where you can see what others are putting their money on in terms of trading strategies. You can even track top traders and get notifications regarding their moves. It’s welcoming and accessible and doesn’t make you feel like you should be an expert.

eToro users often share insights and analyses, enhancing the social trading experience by providing valuable information and strategies.

If you want a more hands-off approach, eToro’s copy trading is made for you. Here, you don’t just follow people – you can actually copy their trades automatically. You choose a trader you like, maybe someone who has a high success rate or low-risk trades, and when they make a move, your account mirrors it. It’s like investing by watching someone more experienced without doing the work yourself. And you can start small; you don’t need thousands to join in.

There’s even a demo version for copy trading where you can use $100,000 virtual money. This helps you try it out, check if the trader you’re copying is a good fit, and get comfortable with the idea of investing through others.

Social & Copy Trading on eToro

eToro Smart Portfolios

eToro’s Smart Portfolios are like ready-made investment packages or bundles. These portfolios group together multiple assets, such as stocks or cryptocurrencies, based on specific themes or industries.

For example, there might be a portfolio focused on clean energy or big tech companies. Each portfolio is managed professionally by eToro, so you don’t have to pick stocks or worry about balancing it yourself.

You invest a single amount, say $500 or $1000, and that investment is automatically spread across all the assets in the portfolio. eToro offers many different Smart Portfolios, so you can pick one that matches your interests or goals, like lower-risk stocks or high-growth tech companies. They’re a good choice if you want a simpler, more hands-off way to invest in multiple assets.

eToro Smart Portfolios

eToro Features and Tools

eToro is packed with features and tools designed to enhance the trading experience for its users. Here are some of the standout features:

  • CopyTrader: One of eToro’s most popular features, CopyTrader allows users to replicate the trades of experienced investors. By browsing through a list of top traders, users can view their performance and copy their trades with just a few clicks. This copy trading feature is particularly beneficial for beginners looking to learn from seasoned traders.
  • Smart Portfolios: eToro’s Smart Portfolios offer a convenient way to invest in a diversified portfolio of assets, including cryptocurrencies, stocks and ETFs. Managed by eToro’s investment team, these portfolios are designed to align with specific investment themes or strategies, providing a hands-off approach to investing.
  • eToro Money Crypto Wallet: The eToro Money Crypto Wallet is a secure solution for storing, sending, and receiving cryptocurrencies. Available for both mobile and web users, this wallet ensures that your digital assets are protected with multiple layers of security.
  • Advanced Trading Tools: For those who prefer a more hands-on approach, eToro offers a range of advanced trading tools. These include technical indicators, charts, and risk management tools, all designed to help traders analyze the markets and make informed decisions.

eToro Fees and Commissions

Investment Type Fees
Account Opening Free
Account Management Free
Stock and ETFs No commission fees on trades. Spread fees apply based on market conditions.
Cryptoassets 1% fee on buy/sell transactions; 2% transfer fee to external wallet
CFDs Varying spread fees based on asset; overnight fees apply for leveraged and short positions
Withdrawals $5 per transaction (no fee for GBP and EUR accounts in some cases); minimum withdrawal amount is $30 for USD accounts
Inactivity Fee $10/month after 12 months of no account activity
Currency Conversions Conversion fees based on currency type and account level; GBP and EUR accounts may avoid conversion when trading in these currencies
Overnight Fees Apply to CFDs, depending on leverage and position size
CopyTrading No additional fees for copying traders, but the same spread and overnight fees apply as for manual trades

Account, Deposit, and Withdrawal Fees

To start, you won’t face any charges for opening an account, and eToro doesn’t impose a deposit fee, which makes it easy to start.

But if you decide to withdraw funds, you’ll be charged a flat $5 fee per transaction unless your account is in GBP or EUR, where some exceptions may apply.

For USD accounts, though, the fee is consistent regardless of the withdrawal amount, though eToro does set a minimum withdrawal threshold of $30 for USD.

Inactivity Fees

Another aspect to watch for is eToro’s inactivity fee. If you don’t log into your account for a continuous 12 months, eToro will deduct a $10 fee per month from your balance. This fee continues until you log back in or your account runs out of funds.

It’s essentially a charge for keeping your account open and your data available even if you aren’t actively using it, but you won’t be charged if you don’t have any funds available in the account.

Note: Currency conversion fees apply if you’re moving funds between currencies. eToro charges a conversion fee, and the rate varies depending on the type of conversion (like GBP to USD) and whether you’re in certain membership tiers within the eToro Club.

Trading Fees

For regular trading fees, eToro generally offers free stocks and ETF trading, which is a big draw for users. Unlike some brokers, eToro doesn’t charge a commission for buying or selling stocks in certain regions or account types.

They do, however, charge a spread, which is a slight difference between the buying and selling prices of assets. This spread is how eToro earns on trades, and it varies based on the asset being traded and market conditions.

eToro also charges a small percentage fee when trading crypto, set at 1% for each buy or sell transaction, with no additional hidden charges.

If you decide to transfer crypto from your eToro account to an external wallet, though, you’ll encounter a transfer fee of 2%, which reflects both the transaction and the costs of moving assets on blockchain networks.

When you open a leveraged position, like a CFD (Contract for Difference), or engage in short selling, there are additional fees associated with holding positions overnight. These fees depend on the value of the position and are essentially interest charges for maintaining leverage on your trades.

Check complete details about the eToro fee structure here.

How eToro Makes Money From You and For You?

eToro earns its income from you through fees tied to your trading activities. First, it charges a spread, the small difference between the buy and sell prices of an asset, like stocks or cryptocurrencies.

Second, it applies a $5 fee whenever you withdraw money from your account, covering the cost of moving your funds. Third, if you trade in a currency other than USD, like GBP or EUR, eToro adds a currency conversion fee. Fourth, if you don’t use your account for 12 months, eToro deducts a $10 monthly inactivity fee from your balance. Finally, when you keep trades open overnight or over weekends, it charges overnight fees, a kind of interest for lending you money to maintain those positions.

eToro also works to help you earn by giving you the tools to succeed in trading. Its CopyTrader feature lets you copy the moves of top investors automatically. Plus, commission-free stock trading means you keep more profits when you buy shares like Amazon or Netflix. The Learning Academy teaches you how to grow your wealth with updated lessons. It also offers crypto staking services to earn passive income.

eToro

User Score

10

Join For Welcome Rewards

$10 Welcome Bonus

eToro Payment Methods

Alright, so if you’re looking to deposit money into your eToro account, you’ve got several deposit methods to do it. Whether you prefer credit cards, e-wallets, or direct bank transfers, you can likely find a suitable method. However, note that the specific deposit options available to you will depend on your location, as eToro adapts its payment offerings to meet regional regulations.

For quick deposits, options like PayPal and credit/debit cards are popular choices due to their speed, while bank transfers offer a familiar and widely accessible option.

Popular payment methods available include:

  • Credit/Debit Cards
  • PayPal
  • Bank Transfer
  • Neteller
  • Skrill
  • Rapid Transfer
  • iDEAL
  • Klarna (Sofort Banking)

eToro Trustworthiness: Is eToro Safe?

eToro has several key security measures in place to help protect you and your investments. Here are some important points about how they keep your data and funds safe:

The eToro platform is licensed in major markets. In the U.S., it is registered with FinCEN and holds money-transmitter licenses in many states. They are also registered with the SEC, which helps to ensure they follow strict rules.

In the UK, eToro operates under the Financial Conduct Authority (FCA). In Europe, they fall under the Cyprus Securities and Exchange Commission (CySEC). Meanwhile, in Australia, eToro is regulated by the Australian Securities & Investments Commission (ASIC). This regulatory framework builds trust.

Regarding personal safety measures, eToro uses SSL encryption to secure your information when you access their platform. It also has a mandatory ID verification (KYC measures). Plus, the platform keeps user funds in segregated accounts separate from operational funds. This means that even in the unlikely event of insolvency, your funds remain accessible.

Another strong measure is two-factor authentication (2FA). You need both your password and a security code sent to your phone to log in. Regular audits happen to ensure these security features are effective.

Security Measures

eToro takes the security of its users’ accounts and funds very seriously, implementing several robust measures to ensure a safe trading environment:

  • Two-Factor Authentication (2FA): Adding an extra layer of security, 2FA requires users to enter a code sent to their mobile device or email address in addition to their password. This significantly reduces the risk of unauthorized access.
  • Encryption: eToro employs advanced encryption technology to protect user data and transactions. This ensures that all sensitive information is securely transmitted and stored.
  • Regulatory Compliance: eToro is regulated by top-tier financial authorities, including the Financial Conduct Authority (FCA) in the UK and the Securities and Exchange Commission (SEC) in the US. This regulatory oversight ensures that eToro adheres to strict standards of operation and provides a secure trading environment.
  • Secure Wallets: eToro’s wallets are designed with multiple layers of protection to prevent unauthorized access. This includes both the eToro Money Crypto Wallet and the platform’s internal wallets, ensuring that user funds are always secure.

eToro App Review

The eToro mobile app is available on both Android and iOS devices and mirrors the desktop experience closely, so users can easily switch between devices without feeling lost. eToro rated 4.3 out of 5 on the Apple App Store and 3.8 on the Google Play Store.

Instead of user interface, it’s designed with a simple layout. You can scroll through options and easily see what other traders are doing, thanks to features like CopyTrader. It’s easy to set up a watchlist and check prices in real-time across assets, including stocks, ETFs, and certain cryptos.

eToro mobile app

Customer Support and User Experience

eToro customer support includes live chat, email and a Help Center with FAQ’s and resources. The trading platform also offers chat and phone support via WhatsApp exclusively for eToro Club members. Members at the Silver level and above also have the option to call and speak directly with an account manager for personalized assistance.

Overall user experience is also good, the eToro app offers easy navigation and interaction. Despite this, a handful of users think the app’s basic approach ignores top features and advanced traders in need of powerful charting and customization may be disappointed.

On the other hand, a few users state that response times on chat could be improved, and some questions need more personalized support than what it offers. In summary, there are support paths, which are good for quick questions but seem lacking if you need your hand held. Also, some users report occasional app lags, especially during high-traffic times. For many, though, eToro’s trading app is a great blend of simplicity and functionality, meeting the needs of social and newer traders well​.

eToro Market Research

eToro provides detailed market research tools to help users make informed investment choices. It offers specific data for each asset, like Tesla shares. This includes historical performance, showing how the asset’s price has changed over time, and a company overview with key details such as the P/E ratio (price-to-earnings), revenue, and EPS (earnings per share). 

For example, users can see Tesla’s past price trends and financial stats to understand its value. The Charts section provides price data with over 70 technical indicators, such as moving averages, to analyze market trends. Additionally, the Research tab includes analysts’ opinions, with consensus ratings and price targets from experts. 

eToro also offers a News and Analysis page with updates on macroeconomic events, political changes, and company news, like earnings reports, which can affect prices.

Education – eToro’s Learning Academy

eToro’s Learning Academy educates you on trading and investing through clear, accessible resources. The Academy offers a variety of courses. You explore lessons on market basics, such as how stocks work, and advanced topics, like technical analysis. 

Each course uses videos, quizzes, and articles to explain concepts simply. For example, a beginner’s course teaches you how to read price charts, while an advanced lesson covers risk management strategies. The platform updates these materials regularly. 

You can also practice skills with a free demo account, which provides $100,000 in virtual funds to test strategies without risk. The Academy also hosts live webinars where experts share real-time market insights. You ask questions and gain practical knowledge during these sessions. 

eToro encourages you to learn from its community by connecting you with experienced traders through the “Popular Investor” program. This allows you to follow and copy successful trades while studying their methods. 

Account and Research Amenities

eToro’s account and research amenities include a trading dashboard, stock screener, and CopyTrader feature. It offers a Retail Account that supports stocks, cryptocurrencies, ETFs, and CFDs. You can explore assets via an intuitive dashboard, leveraging features like CopyTrader to mirror popular traders’ portfolios automatically.

Research Amenities  

  • Stock Screener: A basic tool filters stocks by criteria like market cap or sector; a volatility tracker highlights top movers.  
  • Charting: ProCharts provides line, bar, and candlestick charts, with features like Fibonacci retracement and multi-chart comparison. Trades can be placed from charts.  
  • Trading Idea Generators: CopyTrader (crypto-focused) lets users follow and replicate successful traders’ strategies.

eToro vs Other Crypto Trading Platforms

Feature eToro Binance Coinbase MEXC
Supported Assets Stocks, Crypto, ETFs, Indices, Forex, Commodities Crypto Crypto Crypto
Supported Cryptos 100+ 400+ 240+ 2,500+
Trading Features Buy/sell crypto, CFD trading Spot, futures, margin, options, trading bots Buy/sell crypto, 10x leverage spot, copy trading, 200x perpetual futures
Copy Trading Yes Yes No Yes
Staking Yes (limited options) Yes (various plans) Yes Yes
Crypto Fees 1% 0.1% maker/taker 0.4% maker and 0.6% taker 0% maker and 0.01% taker
KYC Mandatory Yes Yes Yes No (No-KYC trading)

How to Create an Account on eToro?

Here’s a step-by-step guide to creating an eToro account:

  1. Sign Up: First, head to eToro’s website and hit the “Sign Up” button. Fill out your info or link it with Google or Facebook if you want a quicker setup. After this, you’ll get a verification email – click to confirm, and you’re almost there.
  2. KYC Verification: Since eToro is a regulated platform, it needs a bit more info to verify who you are. You’ll upload a government ID and proof of address. This check helps keep the trading platform secure and might take a few minutes to a day.
  3. Deposit Funds: Once your account is verified, add funds. You can use credit/debit cards, PayPal, or bank transfers, depending on what’s available in your area. The minimum deposit usually starts around $10, but it varies by country.
  4. Buy Assets: Now, you’re ready to buy assets. Explore the platform to check out stocks, crypto, or ETFs. Once you pick one, decide how much you want to invest and make your purchase – eToro makes this easy, especially for beginners.
  5. Use eToro Money Crypto Wallet: If you’re buying crypto, you can move your digital assets to the eToro Money wallet, a separate app that keeps your crypto secure. This wallet also makes transferring crypto off the platform easier if you need it.

Conclusion

eToro is a good crypto trading platform for beginners and casual traders. It’s easy to use, and the CopyTrader feature lets you copy what other traders do. You can trade in different things like stocks, crypto, and commodities, so it’s easy to make a mixed portfolio.

However, there are some fees. There’s a 1% fee on crypto trades, withdrawal fees, and inactivity fees. These fees can reduce profits, especially for those who don’t trade often. Hence, eToro is simple and has social trading tools, but it’s best for people who are okay with these extra costs.

You can also check out our related guides on the best crypto exchanges in Australia and the best UK crypto exchanges.

FAQs

Is eToro good for beginners?

eToro is good for beginners. Its platform is designed with a straightforward, simple user interface. Features like “CopyTrader”, give beginners a practical entry point without requiring in-depth market knowledge. It also has an eToro Academy for learning materials.

The platform offers a demo account with $100,000 in virtual funds. It also has a variety of assets, including cryptocurrencies, stocks and ETFs, all within one account. However, beginners should be cautious of fees on cryptocurrency trades and inactivity, which are quite high.

Who is eToro best for?

eToro is best for casual traders and those interested in social or copy trading. It’s ideal for users who prefer a simple, intuitive platform and want exposure to various asset classes like stocks, ETFs, forex, and cryptocurrencies.

Moreover, for users interested in socially responsible investing, eToro’s Smart Portfolios offer themed investment options, such as clean energy. The platform is less suited for high-leverage crypto traders.

Can you make money with eToro?

It is possible to make money with eToro. You can profit from traditional stock and crypto trades. eToro also offers opportunities for earnings through crypto staking, where users can hold certain coins to earn passive income.

What’s the minimum deposit for eToro?

The minimum deposit for eToro varies by country and payment method. In the U.S. and Australia, the minimum deposit is $10 for most users, which makes it accessible to a wide range of investors. For most other countries, the required minimum deposit can be between $50 and $200, depending on the region and payment method.

Is eToro USA LLC available in the USA?

eToro is available in the USA and offered by eToro USA Securities Inc., but with some restrictions. U.S. users can trade crypto and stocks, but access to some asset classes, such as CFDs, is restricted due to regulatory reasons.

The platform is regulated in the U.S. and holds the necessary licenses to operate, providing American users with a safe and legitimate trading environment. However, the crypto offerings may be limited compared to other countries due to specific U.S. regulations.

Which is better, Binance or eToro?

Binance is known for its extensive cryptocurrency offerings, with 400+ coins available and lower transaction fees, making it popular among crypto enthusiasts. It also has more advanced trading tools like margin trading, options contracts, and trading bots.

On the other hand, eToro is a multi-asset platform that provides access to stocks, ETFs, and cryptocurrencies, which is suitable for users interested in diverse portfolios. It does not offer these advanced trading features like margin trading or automated bots.

Is eToro really free?

The eToro platform is partially free, but there are associated fees. The platform does not charge commissions on stock or ETF trades, which is appealing to many users. However, cryptocurrency trades incur a 1% spread fee, and there are additional fees for withdrawals and currency conversions. For instance, a $5 withdrawal fee applies for most transactions, and a $10 monthly inactivity fee kicks in after 12 months of account dormancy.

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Uphold Review 2025: Fees, Pros, Cons, & Safety https://nftevening.com/uphold-review/?utm_source=rss&utm_medium=rss&utm_campaign=uphold-review Mon, 11 Nov 2024 04:59:10 +0000 https://nftevening.com/?p=141740 In this Uphold review, we’ll dive into everything you need to know about using the Uphold app as a cryptocurrency exchange and more. If you’re wondering, is Uphold safe?, we’ll

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In this Uphold review, we’ll dive into everything you need to know about using the Uphold app as a cryptocurrency exchange and more. If you’re wondering, is Uphold safe?, we’ll cover the platform’s security measures and show you how it protects your assets. We’ll look at the pros and cons, fees, and explore why Uphold stands out by offering access to multiple asset classes, from crypto to metals and fiat currencies.

What is Uphold?

Uphold website

Uphold is a multi-asset trading digital platform, including cryptocurrencies, fiat currencies, and precious metals. With access to over 300 assets, it stands out with its “Anything-to-Anything” trading feature, allowing you to trade between any supported assets in one step. For example, you could trade BTC to XRP or other cryptocurrencies without converting to fiat first.

You can start with as little as $1, and there are no fees for deposits or withdrawals, which is great if you’re just getting into trading. Uphold is available in over 180 countries, making it easy to transfer funds globally. They also offer up to 13% APY on crypto staking.

Uphold puts a lot of emphasis on security. They’ve got certifications like SOC 2 and ISO 27001, which are good indicators of strong data protection. Importantly, they never lend out customer assets, so you don’t have to worry about your holding’s insolvency. Plus, they’re transparent, publishing their holdings and liabilities publicly.

Pros

  • Easily invest in stocks, fiat, and metals
  • Simple user interface, particularly helpful for beginners
  • Provides crypto staking with up to 13% annual returns
  • Most deposits and withdrawals are free, except for crypto network fees
  • High secure with regulatory licenses across the US and UK

Cons

  • Relatively high fees compared to competitors
  • Lacks advanced charting and analysis tools
  • Up to 34% fee applies to crypto staking rewards

Uphold Key Features Reviewed

Crypto Trading Platform

Uphold’s trading platform offers a wide variety, with over 300 crypto assets to choose from. It offers well-known cryptos like Bitcoin (BTC) and Ethereum (ETH) or many niche tokens, there’s a lot to explore. 

They support assets across various up-and-coming sectors like NFTs (Decentraland’s MANA), DeFi (Uniswap’s UNI), and even meme coins like Dogecoin (DOGE). There’s also exposure to the gamefi through tokens like Axie Infinity (AXS) and Real World Assets (RWAs).

Alongside crypto assets, the platform includes popular stablecoins – like USDC, USD Tether (USDT), and DAI – which are ideal for those who prefer to avoid market volatility but still want to trade digitally. 

Uphold's supported cryptocurrencies

What’s unique is that Uphold also supports 20 different national currencies and 3 precious metals (gold, silver, and platinum), offering a diverse portfolio under one roof. Thanks to its unique one-step trading feature, you can easily trade between any of these assets without needing to go through USD first. This setup lets you switch from Bitcoin to a precious metal like gold in one easy move, which is a rare convenience.

Uphold Vault

The Uphold Vault is designed for people who want full control and security over their digital assets. It operates with a “3-key” system that gives you, as the user, direct control and peace of mind. Here’s how it works:

  • Your Private Key is the main key that you manage, giving you primary control.
  • Vault Backup Key: If you lose your private key, the backup key is there to help, and Uphold can assist with recovery.
  • Uphold Key: This key, managed by Uphold, is used to co-sign your transactions and can also help replace lost keys if needed.

This layered approach ensures that if you lose access to one key, you don’t lose access to your assets completely. The Vault currently supports Bitcoin (BTC) and XRP, with plans to add more networks soon. The cost is either $4.99 monthly or $49.99 per year, making it accessible to users looking for long-term, secure asset storage.

Uphold Vault

USD Interest Account

Uphold’s USD Interest Account lets users earn up to 4.9% interest on USD holdings of $1,000 or more. Balances under $1,000 still earn 2%, which is competitive for a flexible account. There are no fees, no lock-ins, and deposits are insured up to $2.5 million through a network of FDIC-insured banks, so users can withdraw whenever they need without penalties.

This account is a good fit for those who want to earn a solid yield on their USD savings but don’t want the volatility that can come with crypto.

OTC Platform

Uphold’s Over-the-Counter (OTC) platform, known as Uphold Ascent, is aimed at high-volume traders and institutional clients who need to execute large trades smoothly and privately. 

When you make a big trade, it’s crucial to avoid affecting market prices and Uphold Ascent smartly routes orders to more than 30 different trading venues. These include centralized exchanges, decentralized platforms, Layer-2 networks, and rollups, providing deep liquidity access.

This setup not only minimizes the risk of slippage on large orders but also ensures efficient order fulfillment. Institutional and high-net-worth clients also receive personalized support.

Uphold Debit Card

The Uphold Debit Card makes it easy for you to spend your crypto anywhere Visa is accepted. With the card, you can choose which asset to spend on each transaction, so you have the flexibility to pick from your BTC, ETH, or USD balances as needed. 

Rewards sweeten the deal: you get 2% crypto-back on purchases made with digital assets and 1% cash-back on fiat transactions.

The card has no foreign transaction fees, which makes it a convenient option for international travelers looking to use crypto as part of their everyday spending without extra costs. The card bridges the gap between digital and traditional finance, letting users seamlessly bring their crypto into real-world purchases.

Uphold Debit Card

Uphold Fees & Commissions

Uphold’s fee structure is straightforward but varies across the platform’s trading, deposit, and withdrawal options. Here’s a detailed breakdown of what to expect in terms of costs when using Uphold’s services:

Trading Fees

Uphold does not charge direct commission fees for trades, but it does include a spread in each transaction based on the asset’s type and liquidity. For highly popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), the trading fee typically falls between 1.4% to 1.6%. These two assets are widely traded, so they benefit from a relatively lower spread.

For stablecoins – such as USD Coin (USDC) and USD Tether (USDT) – and major fiat currencies, the spread is notably lower, at approximately 0.25%. This is a cost-effective option for users looking to make quick transactions between stable assets without high fees.

Less liquid or niche altcoins have a higher trading spread. These assets can range from 1.9% to 2.95%, reflecting the additional effort and risk Uphold takes to maintain liquidity in these markets. Precious metals, like gold, silver, and platinum, fall into this same range, with spreads typically set between 1.9% and 2.95%.

Note: If you are looking for a zero-fee or minimal-fee exchange, check out our guide on the best no-fee crypto exchanges.

Deposit Fees

Uphold’s deposit fees vary based on the payment method and region, especially between the U.S., U.K., Europe, and Canada

For ACH deposits in the U.S., there are no fees, making it a convenient and cost-effective choice. However, ACH deposits are limited to $25,000 per day. For deposits via credit or debit card or through Apple Pay and Google Pay, the fee is set at 3.99% of the deposit amount. This applies globally, including for Canadian users, and is a standard rate in digital platforms to cover the cost of instant processing for card-based payments.

For users opting for wire transfers, Uphold applies a split fee structure: any wire transfer above $5,000 is processed for free, while transfers below this amount incur a $20 fee

In the U.K. and Europe, Faster Payments (FPS) and SEPA deposits are generally free. This makes bank transfer deposits a more affordable method in these regions compared to the 3.99% charged for card-based deposits.

You can check the complete Uphold deposit details along with the limits here.

Withdrawal Fees

Withdrawal fees on Uphold depend on the method and speed of withdrawal. In the U.S., standard ACH withdrawals to a bank account are free, but if you prefer an instant withdrawal, a 1.75% fee is applied, with a minimum charge of $1. This option is available for those who need funds faster than the typical 3-5 business days for ACH processing.

For debit card or Apple Pay withdrawals, users also pay a 1.75% fee, making it an affordable option for those looking to move money quickly. International withdrawals vary, but for card transactions, the fees usually fall between 1.75% and 2.75% depending on the region, helping cover the costs of cross-border transactions.

Crypto Withdrawal Fees

For those withdrawing crypto from Uphold to an external wallet, fees are based on blockchain network costs, which can vary depending on congestion. For Bitcoin withdrawals, there’s a fixed network fee of 0.0001 BTC, while Ethereum and other tokens have variable network fees. 

Smaller trades (typically under $500) may incur an extra $0.99 fixed fee on certain blockchains to cover network expenses. Some assets, such as XRP, are offered without network fees for smaller transactions, making it a cost-effective choice for smaller crypto transfers.

Here is a quick overview:

Withdrawal Network Asset/Token Fee
Bitcoin Cash Network BCH 0.0003 BCH
Bitcoin Network BTC 0.0001 BTC
Cardano Network ADA 1 ADA
DASH Network DASH 0.0003 DASH
Ethereum Network ETH, ERC-20 Tokens Network Fee

Is Uphold Safe? Security Measures Reviewed

Uphold takes security very seriously, emphasizing that it is central to its operations and essential for building user trust. They believe that transparency is key, allowing users to monitor their assets in real-time. To support this, Uphold publishes its assets and liabilities every 30 seconds, so customers can always see how their funds are being managed.

They utilize advanced encryption techniques to protect user data and transactions. Regular audits and penetration testing conducted by security professionals help identify and address any vulnerabilities. Uphold also ensures that all third-party providers are subject to strict due diligence checks, particularly those that handle sensitive information.

And, all employees undergo background checks and are required to participate in ongoing security and privacy training. Plus, Uphold has established a bug bounty program, which invites users to report any security vulnerabilities they find, with rewards offered for valid submissions.

For users, Uphold stresses the importance of practicing good security habits. They encourage using strong passwords and enabling two-factor authentication (2FA). There is also a mandatory KYC verification.

Certificates and Compliance

Uphold is also committed to regulatory compliance, adhering to multiple frameworks, including the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA). Plus, Uphold holds important certifications, such as  SOC 2 Type 2 and ISO 27001, which affirm their high standards in data security and operational excellence.

It is also fully committed to compliance as a FinCEN Registered Money Services Business (MSB) in the United States. Additionally, it acts as an Electronic Money Issuer (EMD) agent regulated by the Financial Conduct Authority (FCA) in the United Kingdom.

Customer Support and User Experience

On the positive side, many users appreciate Uphold’s intuitive interface, which simplifies trading across various asset classes, including cryptocurrencies and precious metals

The platform’s ability to facilitate trades seamlessly, combined with features like the AutoPilot for recurring purchases, makes it particularly attractive to beginners in the crypto space.

However, customer support experiences can vary. Some users have reported difficulty in getting timely assistance, especially during high-demand periods. While Uphold offers support through various channels – including live chat, email, and social media – there are accounts of long response times and insufficient help for complex issues. It also offers a Help Center with detailed FAQs.

Again, some Reddit users express frustration over getting automated replies instead of personalized help.

Some users have also raised concerns regarding account verifications and withdrawal processes. Instances of delays in withdrawal requests have been noted, leading to frustrations. Many Trustpilot ratings and reviews show that Uphold charges high spread and fees compared to other competitors like Coinbase and eToro.

Uphold's Customer Support

Uphold vs Other Crypto Exchanges

eToro, Coinbase, and Kraken are the best alternative cryptocurrency exchanges to Uphold. Here is a quick comparison between Uphold vs eToro vs Coinbase vs Kraken:

Feature Uphold eToro Coinbase Kraken
Crypto Availability 300+ coins ~100 coins 240+ coins 200+ coins
Trading Fees 1.4% – 1.6% ~1% 0.4% maker and 0.6% taker 0.25% maker and 0.4% taker
Supported Assets Crypto, stocks, metals, fiat Crypto, stocks, ETFs, indices, forex, commodities Crypto Crypto
Mobile App iOS, Android iOS, Android iOS, Android iOS, Android
Payment Methods Bank, card, Apple/Google Pay Bank, card, e-wallets Bank, card, PayPal Bank, card, crypto, Apple Pay
  Staking Yes Yes (very high commission) Yes Yes
  Best for Multi-asset investors Social trading Instant Buy/sell crypto Advanced crypto traders

How to Create an Account on Uphold?

Step 1: Create an Uphold Account

First, download the Uphold app from the App Store for iOS or the Google Play Store for Android. You can also visit the Uphold crypto exchange website directly on your computer.

Next, click on “Get Started”. You’ll need to enter your email address and create a password. Make sure to use a strong password to keep your account safe. Also, provide your country and citizenship details. You can also create a business account.

After that, check your email for a verification link. Click on it to confirm your account and get started.

Create an Uphold Account

Step 2: Complete KYC

Now it’s time to complete the KYC (Know Your Customer) process. Once logged in, go to your “profile” and look for the option to verify your identity. You’ll need to fill in some personal details like your name, date of birth, and home address.

Next, upload an ID. Choose a government-issued ID, such as a driver’s license or passport. It’s important to make sure that the photo is clear and easy to read. You may also have to take a selfie for verification. This helps Uphold confirm that the person opening the account is the same as the ID holder. 

Note: If you want to trade crypto without KYC, check out our guide on the best no-KYC crypto exchanges.

Verify your identity

Step 3: Deposit Funds on Uphold

After getting verified, go to the “Portfolios” section. Here, click on “Transact” to see your deposit options. Uphold offers several methods, including bank transfers, credit/debit cards, or even cryptocurrency deposits.

Then, choose your deposit method and follow the instructions. If you opt for a bank transfer, you’ll need to provide your banking details. Finally, wait for confirmation. After your deposit is processed, you’ll receive a message saying your funds are ready to use.

Deposit Funds on Uphold

Step 4: Buy Crypto on Uphold

When you’re ready to buy crypto, head to the “Markets” tab. You’ll find a list of cryptocurrencies available on Uphold, like Bitcoin and Ethereum.

Then, pick the asset you want to buy. Click on it to see more information about prices and market trends. Next, enter how much you want to purchase. Uphold will show you the equivalent amount in your local currency.

Lastly, confirm your purchase. Review all the details, including any fees, and click “Buy” to finish. You’ll get a confirmation message, and your new cryptocurrency will be in your wallet.

"Buy

Final Verdict

To conclude, this Uphold review shows that Uphold is a secure and versatile platform for trading crypto, metals, and fiat currencies. It’s beginner-friendly, with a straightforward interface that makes trading easy. The standout feature is “Anything-to-Anything” trading, which allows smooth swaps between asset types. Uphold supports a broad range of cryptocurrencies, offers competitive interest rates, and has strong security. 

However, trading fees for some assets are on the higher side, and advanced tools are limited. Hence, we can say that Uphold is a good choice for casual and multi-asset investors looking for a secure and flexible platform.

FAQs

Is Uphold available worldwide?

Yes, Uphold is available in over 180 countries. However, some regions may have restrictions due to local rules. It is currently not available in the Virgin Islands (U.S.), North Korea, China, and more. Check the full list of Uphold-restricted jurisdictions here

Are there any hidden fees on Uphold?

Uphold tries to be clear about its fees. There are no direct trading fees, but there is a spread, or small markup, on each transaction. 

For popular cryptos, the spread is usually between 1.4% and 1.6%. For less common assets, it can be up to 2.95%. ACH bank deposits and standard withdrawals are generally free, though instant withdrawals have a fee. Withdrawing crypto may also come with blockchain network fees.

What cryptocurrencies can you trade on Uphold?

Uphold offers a variety of over 300 cryptocurrencies. You can trade popular coins like Bitcoin (BTC) and Ethereum (ETH) or niche altcoins. The platform includes assets from sectors like DeFi, GameFi, and even meme coins.

Is Uphold user-friendly?

Uphold is easy to use, especially for beginners. Its layout is simple and helps you find what you need. The “Anything-to-Anything” feature lets you quickly switch between assets. This saves time and makes trading smoother. For new traders, Uphold’s design makes it easy to learn and explore. Resources on the platform offer helpful tips. There’s also the AutoPilot feature for setting up recurring purchases. This makes managing investments easier.

Does Uphold have a mobile app?

Uphold has a mobile app for iOS and Android. It allows you to manage your trades and assets on the go. The app is simple to use and includes most desktop features. You can buy, sell, and swap assets, check prices, and even set up recurring buys. For those who like mobile trading, the app offers flexibility. It also keeps you connected to your portfolio wherever you are.

Is Uphold available for US customers?

Yes, Uphold is available to users in the United States. It’s a popular option for U.S.-based crypto traders and investors. Uphold follows U.S. regulations as a FinCEN registered Money Services Business. U.S. customers can trade many assets, from crypto to metals and currencies. The platform also offers ACH bank transfers, which is convenient for U.S. users.

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Is Coinbase Safe & Trustworthy in 2025? https://nftevening.com/is-coinbase-safe/?utm_source=rss&utm_medium=rss&utm_campaign=is-coinbase-safe Tue, 05 Nov 2024 06:48:29 +0000 https://nftevening.com/?p=141670 If you’re wondering “Is Coinbase safe?”, it’s a fair question. With so many crypto exchanges out there, safety can be a big concern. Coinbase, one of the most popular platforms,

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If you’re wondering “Is Coinbase safe?”, it’s a fair question. With so many crypto exchanges out there, safety can be a big concern. Coinbase, one of the most popular platforms, uses a bunch of security features like 2FA, cold storage for most funds, and insurance for online wallets, which should help ease worries. 

But still, you might wonder, “Has Coinbase been hacked?” or “Is Coinbase a scam exchange” After all, like other exchanges, Coinbase has had its share of hacks and technical issues over the years. Let’s break down what Coinbase offers in security and whether it’s safe enough for you.

coinbase

User Score

9.8

Coinbase Promotion

Get Bonus Up to $600

About Coinbase

Coinbase homepage

Coinbase started back in 2012 and has since become one of the most popular platforms for buying and trading cryptocurrency. Originally, it was based in San Francisco, but now it operates without a central headquarters. You’ll find over 240 different cryptocurrencies to choose from including BTC and ETH.

For beginners, there’s Coinbase Simple – a super easy way to start trading, though it has higher fees. If you’re a more experienced trader, you might like Coinbase Advanced, which gives you lower fees and more advanced tools to understand and track the market better.

You’ll need to complete some verification steps to use Coinbase fully because it follows U.S. regulations. Once you’re set-up, you can add funds to your account in many ways – through bank transfers, debit cards, or even PayPal, which makes it easy if you’re in the U.S. or abroad. You can also withdraw funds using similar methods or by transferring to a crypto wallet.

On top of that, Coinbase has put a lot of emphasis on security; they use two-factor authentication, hold funds in cold storage (keeping them offline for extra safety), and even have insurance to cover certain losses.

Coinbase also stands out with its “Earn” program, where you can get a bit of crypto for free by learning about different coins. 

For those interested in holding crypto longer-term, they offer staking rewards on certain assets, which is a nice way to earn some extra value. Their Coinbase Wallet, which is self-custodial, gives you control over your own crypto, and you can use it to engage with decentralized finance, buy or sell NFTs, or even explore other exchanges. While the fees can be a little higher than some other platforms, a lot of people feel it’s worth it because of how simple and secure it is.

How Safe is Coinbase Exchange?

Coinbase has built a strong reputation in the crypto space, mainly because it takes user security and regulatory compliance so seriously. When you’re dealing with digital assets, having layers of protection matters, and Coinbase has several in place.

Robust Security Measures

  • Two-Factor Authentication (2FA): Security starts at login with Coinbase. You’re required to set up 2FA to add a second verification step each time you sign in. This could be through SMS, email verification, or security keys. For even stronger protection, Coinbase offers its “Security Prompt” via the mobile app.
  • Cold Storage for Most Funds: To keep your funds secure, Coinbase stores around 98% of user assets in offline cold storage. This reduces the risk of hacking because these assets aren’t connected to the internet.
  • Biometric and Device Verification: With the Coinbase app, you can add another layer of security by enabling biometric access (like fingerprint or Face ID) on your device. Plus, if you log in from a new device, Coinbase will prompt you to verify it.
  • Data Encryption: All your data and transactions on Coinbase are encrypted using industry-standard AES-256 encryption, along with TLS to protect your web traffic.
  • Insurance Coverage for Hot Wallets: Only a small percentage of Coinbase’s assets are stored online, in what’s known as “hot wallets”. These are insured to protect against theft, which offers a safety net if Coinbase itself were hacked. Just note, though, that this insurance doesn’t cover things like phishing attacks on your personal account, so you’ll still need to be cautious.
  • Around-the-Clock Monitoring and Security Audits: Coinbase has a dedicated team that monitors accounts for suspicious activity 24/7.

Robust Security Measures

Regulatory Compliance

In addition to its strong security, Coinbase adheres to a range of regulations worldwide.

  1. United States: Coinbase holds a BitLicense in New York, one of the toughest crypto licenses in the U.S. They’re also a registered Money Services Business (MSB) with FinCEN, which means they comply with strict federal anti-money laundering (AML) regulations.
  2. European Union: Coinbase has an e-money license from the Central Bank of Ireland. If you’re in the EU, this means Coinbase is legally compliant with EU regulations.
  3. United Kingdom: In the UK, Coinbase is regulated by the Financial Conduct Authority (FCA) and complies with AML laws. It is also among the best crypto exchanges in the UK.
  4. Canada: In Canada, Coinbase is registered as an MSB with FINTRAC. This makes sure that Coinbase is complying with Canadian AML laws, helping to keep your transactions secure from illicit activities.
  5. Australia: Coinbase holds a license from AUSTRAC in Australia, which mandates compliance with anti-money laundering and counter-terrorism financing laws. It is also among the top Australian crypto trading platforms.

Coinbase Security Incidents and Hacks

Coinbase has had a rough history with security breaches that have left many users frustrated and wary. 

Read this: over 6,000 users saw their funds stolen after hackers exploited a loophole in Coinbase’s SMS-based two-factor authentication (2FA). It wasn’t even a simple hack – these attackers needed to gain access to users’ personal emails, which they got through phishing scams. With those, they bypassed the 2FA security layer by getting the SMS codes directly through a flaw in Coinbase’s system and getting remote access to user accounts. And this was a major flaw because it was exactly the type of vulnerability users expect big exchanges to protect against.

Coinbase patched it after the fact, but only once the damage was done. For those who lost money, Coinbase promised reimbursement, but that didn’t calm everyone’s worries. Some users even reported that getting proper support or answers from Coinbase was nearly impossible at times, a complaint that’s echoed by many in the crypto community.

Coinbase has kept trying to beef up security, but not without more bumps along the way. In February 2023, another hacker group, Octopus, managed to get in. But this time user funds were safe.

Coinbase also recently faced complaints around “Account Recovery” failures where hackers could easily intercept codes. This led some to wonder if they should stop trusting Coinbase with their crypto assets.

Coinbase Technical Issues (Reported by Real Users)

Coinbase users are no strangers to technical issues, especially when cryptocurrency prices soar. 

“Recurring server crashes”

This is one of the most notorious problems. Whenever Bitcoin sees a price surge, there’s a good chance Coinbase will crash, leaving users frustrated. The platform has a history of failing to handle high traffic – like in early 2024 when Bitcoin’s price hike to $67,000 crashed the exchange, leaving users staring at zero balances in their accounts.

These issues often come just as users need to buy, sell, or check balances, making the timing particularly annoying. You’d think a company as big as Coinbase would be prepared for such traffic, but these outages are almost expected by now.

Transaction delays

Transaction delays are another headache. Users regularly report that deposits or withdrawals can take hours, sometimes longer. The platform had an incident in 2022 where U.S. customers were locked out of transactions for over five hours. 

Account closures and frozen assets

Then there are the issues with account closures and frozen assets. People have shared their experiences on forums like Reddit, detailing accounts closed without warning or explanation. Imagine logging in, only to find out that your account has been locked, with no clear way to access your money. 

Even worse, the customer support service team often provides little to no assistance. There are numerous stories of customers reaching out to Coinbase support, only to receive generic responses or none at all. The frustration here isn’t just the technical issues; it’s the lack of support and transparency that leaves users feeling helpless.

Coinbase’s response to these problems is usually the same: “a brief statement acknowledging the issue and a promise that their engineers are working on it”.

But for the users, these promises sound hollow, especially when the same issues keep happening during every bull market cycle. The recent outages in 2024 (during the Super Bowl ad) alone have caused uproar on social media, with people expressing disbelief that Coinbase still cannot manage its traffic. 

These issues aren’t new or isolated; they’re an ongoing struggle that, frankly, makes Coinbase hard to rely on in crucial moments. The issues extend beyond just server crashes; they affect users’ confidence, making them question whether Coinbase is worth the risk during high-stakes trading.

coinbase

User Score

9.8

Coinbase Promotion

Get Bonus Up to $600

How to Secure Your Coinbase Account?

To secure your Coinbase account:

  • Start with a strong, unique password and login credentials. Combine letters, numbers, and symbols, and avoid reusing them across sites. Updating it regularly helps keep it secure from breaches.
  • Enable two-factor authentication (2FA), but avoid SMS-based options due to SIM-swap risks. Choose Google Authenticator or a hardware key like YubiKey, as they’re more secure and difficult to bypass.
  • For larger amounts, consider the Coinbase Vault, which adds multiple verification steps for withdrawals, keeping your funds safer.
  • Always keep your Coinbase app updated. New updates often contain security fixes to protect you from newly discovered threats.
  • Stay vigilant for phishing emails. Verify email sources before clicking links or providing any information; Coinbase will never ask for your password or 2FA code.
  • Only send funds to known, trusted crypto wallets or addresses. Once funds are sent, reversing the transaction is typically impossible.
  • Never share your login details, including your password or 2FA code, even with Coinbase support. Scammers often impersonate support to steal this information.
  • Also, routinely review your account for unknown device logins and delete unfamiliar devices. These steps provide strong layers of protection to help secure your account.

Is Coinbase Wallet Safe?

Coinbase Wallet's security

Coinbase Wallet is generally safe due to its “self-custody” nature. So, you’re in control of your assets and your private keys. This means Coinbase itself can’t access or recover your funds for you if anything goes wrong. 

Instead of depending on a third party, you’re responsible for securing the wallet, using something called a recovery phrase or seed phrase. So, keeping this recovery phrase secure (written down, stored offline) is critical. If someone else gets a hold of it, they could access your funds, so it’s recommended to use encrypted backups for additional protection if needed.

Coinbase Wallet also has additional security features, such as support for biometric locks and a PIN to prevent unwanted access on mobile devices. The wallet can be set to auto-lock after a period of inactivity, and you can choose to manually lock it, just like you’d do with your phone. This locking feature means that even if you step away, your wallet’s contents remain protected. 

They’ve also implemented Multi-Party Computation (MPC) technology, which adds another layer of safety for your private keys by splitting key information. This ensures sensitive details aren’t stored in one place.

Since Coinbase Wallet is a non-custodial wallet, it’s separate from the main Coinbase app where you might buy or sell crypto. 

With the Wallet app, you’ll be able to store thousands of different tokens across multiple blockchains (Ethereum, Base, Polygon, Avalanche, etc.), while keeping full control of your private keys. And, because Coinbase Wallet has its own web browser extension, you can access your funds on both desktop and mobile, which adds convenience.

Conclusion: Is Coinbase Legit?

If you’re wondering “Is Coinbase safe and legit?”, the answer is generally yes, but with some caution. Coinbase provides several protective features, such as two-factor authentication, cold storage for most assets, biometric verification, and insurance for hot wallets. 

These measures make it a secure choice for many. However, past security flaws, including vulnerabilities in SMS-based 2FA, have caused some users to lose funds. 

Coinbase continues to strengthen its security protocols, yet technical issues and occasional account problems still worry some. Hence, while it is reliable for most, users should stay cautious and take extra steps to secure their Coinbase accounts.

FAQs

Is Coinbase safer than Binance?

Coinbase and Binance are the most trustworthy crypto exchanges, each with strong security, yet their approaches differ. Coinbase is the U.S.-based largest crypto exchange and follows strict regulations, which some users feel adds trust and protection. It requires verification, uses two-factor authentication, and stores 98% of funds offline in cold storage to minimize hacking risks. 

Binance also prioritizes security following similar measures but has faced regulatory issues in certain countries, raising questions about its safety for U.S. users. Coinbase insures its hot wallets, and Binance also has a $1 billion SAFU fund. So, while both are safe, Coinbase may have an edge in security due to compliance with users’ assets, specifically in the U.S.

Read our in-depth Coinbase vs Binance comparison article for more information.

What is the safest crypto exchange in the U.S.?

Coinbase ranks as one of the safest crypto exchanges in the U.S., mainly because it follows regulatory standards, including anti-money laundering laws. It holds licenses like New York’s BitLicense and is registered with FinCEN, which ensures transparency and legal oversight. Kraken and Crypto.com are also among the safest crypto trading platforms.

Is Coinbase safe for beginners?

Yes, Coinbase is a safe choice for beginners due to its easy-to-use interface, especially with its “Simple” trading option. The platform’s security feature includes two-factor authentication, biometric logins, and encrypted data, so beginners can start with confidence.

coinbase

User Score

9.8

Coinbase Promotion

Get Bonus Up to $600

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AlphaX Review 2025: The Best DEX For Leverage Traders https://nftevening.com/alphax-review/?utm_source=rss&utm_medium=rss&utm_campaign=alphax-review Tue, 05 Nov 2024 04:07:51 +0000 https://nftevening.com/?p=141659 In this AlphaX review, we dive into everything you need to know about this promising DEX platform. If you’re wondering, is AlphaX safe or is AlphaX trustworthy, you’ve come to

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In this AlphaX review, we dive into everything you need to know about this promising DEX platform. If you’re wondering, is AlphaX safe or is AlphaX trustworthy, you’ve come to the right place. It claims to offer secure, private, and efficient trading with advanced features designed for leverage traders. 

We’ll take a close look at what AlphaX offers, the safety of its platform, and whether its decentralized structure lives up to expectations.

What is AlphaX?

AlphaX is a decentralized exchange (DEX) that brings a unique mix of privacy, security, and powerful trading tools to the crypto derivatives trading space. The platform supports over 200 trading pairs. This includes major coins like Bitcoin and Ethereum as well as niche categories such as DeFi and meme coins.

Using self-custody wallets, AlphaX gives users direct control over their assets, so you don’t have to rely on third parties to keep your funds safe. Unlike most centralized exchanges, which often require personal information for verification (KYC), AlphaX is a completely no-KYC crypto exchange. All transactions are recorded on the blockchain, ensuring transparency and allowing for full accountability. A third-party audit by fuzz.land recently confirmed the platform’s robust security protocols.

AlphaX trading platform offers up to 125x leverage on perpetual futures. Trades are settled in Tether (USDT) instead of Bitcoin, which reduces the impact of market volatility. The fees are also low, with makers paying 0.02% and takers 0.05%, which keeps AlphaX competitive compared to other decentralized exchanges. Plus, with $1 million in market depth and minimal price slippage, the platform is ideal for high-volume traders.

Pros

  • Over 200 trading pairs with leverage options reaching up to 125x
  • Secure, anonymous trading without KYC requirements for added privacy
  • Quick and easy self-custody crypto wallet integration
  • No fees are charged for deposits, making it cost-effective to start trading
  • User-friendly mobile app available on Android and iOS for convenient

Cons

  • No crypto staking options
  • Only supports USDT and USDC for crypto deposits

Watch more at Meet AlphaX: A Cutting-Edge Decentralized Exchange

Supported Trading Pairs

AlphaX supports over 200 trading pairs. Below are some of the key trading pairs available:

  • BTC/USDT
  • ETH/USDT
  • SOL/USDT
  • NEIROETH/USDT
  • DOGE/USDT
  • SUI/USDT
  • APE/USDT
  • INJ/USDT
  • POPCAT/USDT
  • WIF/USDT

Supported Trading Pairs of AlphaX

AlphaX Fees

AlphaX’s fee structure is competitive. For perpetual futures, AlphaX charges a maker fee of 0.02% and a taker fee of 0.05%, making it appealing for both low- and high-frequency traders. These rates help AlphaX stand out among decentralized exchanges (DEXs), given that many centralized platforms have similar or higher fees.

There are no deposit fees for most assets on AlphaX, providing a cost-effective entry point for users. For withdrawals, though, fees are based on the blockchain’s network rate (gas fees), which can vary depending on congestion. This transparency around network fees lets traders anticipate their costs more accurately without unexpected platform fees.

AlphaX Security Measures: Is it Safe?

100% On-chain Trading

AlphaX operates with a fully on-chain trading model, meaning that all transactions are securely processed directly on the blockchain. This approach reduces the risk of hacks associated with centralized databases by ensuring complete transparency and traceability. 

Every trade on AlphaX is recorded on the blockchain, allowing users to verify each transaction independently. This transparency builds trust and removes the need for any third-party to control transaction data.

Self-custody Wallet Integration

AlphaX gives you full control over your funds by supporting self-custody wallets. This means you can manage your own private keys without having to depend on the platform to keep them secure. This approach aligns perfectly with the principles of decentralized finance (DeFi).

On mobile, users can register via email or MetaMask, while the web platform supports a broader range of options: email, MetaMask, OKX Wallet, and Trust Wallet

Leveraging “Privy technology” for email registration, AlphaX automatically generates a self-custody wallet address. This feature simplifies the process, as users are not required to manage their wallet details, delivering a seamless experience comparable to that of centralized exchanges. This simplicity and convenience are key aspects of the AlphaX platform.

Third-party Security Audit

To validate and strengthen its security framework, AlphaX undergoes regular audits by reputable third-party cybersecurity firms, such as fuzz.land.

These external audits rigorously test AlphaX’s systems and smart contracts, identifying and addressing potential vulnerabilities before they can impact users. Regular audits help ensure that AlphaX’s security protocols are up-to-date with industry standards.

Read a detailed overview of AlphaX security here.

AlphaX Review: Key Features Explained

125x Derivatives Trading

AlphaX stands out with its high 125x leverage for perpetual futures trading. This feature lets traders maximize potential profits even with a small starting capital. In practice, a 1% change in an asset’s price could lead to a 125% change in returns, amplifying gains on smaller market movements. 

For users looking to actively profit from short-term price fluctuations, this high leverage can be a game-changer. AlphaX also settles trades in USDT (a stablecoin), which helps users manage volatility risks better than platforms that use more fluctuating assets.

125x Derivatives Trading

No-KYC Trading

AlphaX values privacy and simplicity by offering a No-KYC (Know Your Customer) setup. You can start trading without going through long identity checks, which many other platforms require. This is ideal for traders who prioritize privacy and prefer quicker onboarding. 

The absence of KYC requirements makes AlphaX more accessible, especially in regions with limited access to leverage crypto services. Despite this approach, AlphaX ensures top-notch security, using self-custody wallets to keep user funds safe. With No-KYC, users maintain control over their assets and identities.

Advanced Order Types

AlphaX offers advanced trading tools that allow traders to manage risk automatically. The platform supports various order types, including stop-loss, take-profit, and trailing stops.

  • Limit Order: A limit order lets you set the exact price you want to pay to buy or sell an asset. The order only goes through if the market hits this price or better.
  • Trigger Order: A trigger order automatically places a buy or sell order when a certain price point is hit, known as the “trigger price”. It’s handy for fast-moving markets, where you want your trade to go through at the right moment without constant monitoring. Once triggered, it can execute either as a limit or market order.
  • Post-Only Order (Maker Order): With a post-only order, your trade will only add liquidity to the market rather than taking it. This type of order ensures that you’re acting as a “maker”, helping stabilize the market, and it usually has lower trading fees. The order won’t go through if it would immediately match with another, so it’s also great for maximizing cost efficiency.
  • Take Profit/Stop Loss (TP/SL): Take profit (TP) and stop-loss (SL) orders help you lock in profits and limit losses automatically. TP closes your trade once your target price is reached, while SL exits your position if the price hits a predetermined lower level. AlphaX now support three types of TP/SL options: Entire Position, Partial Position, and Trailing, offering greater flexibility in managing your trades.

Read more about AlphaX order types here.

Take Profit/Stop Loss - Advanced Order Type of AlphaX

Affiliate Program

The AlphaX affiliate program rewards users for bringing in new traders. Participants can earn up to 50% of the trading fees generated by referrals, making it an easy way to gain passive income. You can invite friends or followers if you are a content creator.

AlphaX also allows multi-level referrals: more users referred can mean a higher commission. Users can even share a portion of their earnings with their referrals, encouraging active community building.

Customer Support and User Experience

AlphaX provides a responsive and accessible customer support experience, making it easy for users to get assistance whenever they need it. Their online customer service is available from 8:00 pm to 4:00 am Monday through Friday and from 1:00 am to 9:00 am on weekends (UTC+8). This nightly availability helps cover key trading hours and serves users across multiple time zones. 

For any queries outside these hours, users can submit a support ticket through AlphaX’s Discord community, where the support team responds promptly to requests.

AlphaX is designed to be simple and user-friendly, yet still offers plenty of powerful tools. You’ll find everything laid out in an intuitive way, with organized menus that make it easy to find what you need. The platform’s one-click trading and real-time data displays make life easier for both beginners and experienced traders. If you’re on your computer or mobile app, the experience is the same: smooth and reliable.

Plus, AlphaX is pretty consistent. There’s 99.99% uptime, so you don’t have to worry about interruptions when you’re in the middle of a trade. The layout just feels natural and easy to navigate, reducing the usual hassles that come with trading. 

Altogether, AlphaX’s blend of a clean design and strong support really makes it a solid choice for anyone wanting a dependable, user-friendly trading platform. It is also highly competitive among many popular DEXes.

Comparison between popular DEXes

How to Start Trading on AlphaX DEX?

  1. Set Up Your Wallet: First off, AlphaX is a non-custodial platform, meaning you keep control of your funds through your own wallet. You can register easily with an email address, which will automatically create a self-custody wallet for you – no complex wallet setup is required. Or, if you prefer, connect a wallet like MetaMask, OKX Wallet, or WalletConnect. Fund it with USDT or USDC to cover trades, and remember to have a bit extra to cover gas fees if you’re using the Ethereum blockchain.
  2. Connect the Wallet to AlphaX: Now, head to the AlphaX website or open the app. Clickon “Connect Wallet”, pick your wallet provider, and confirm. This step links your wallet to AlphaX so that you can trade directly – keeping your funds secure and close to hand.
  3. Deposit USDT: You’ll need funds on AlphaX, so click on the “Deposit” button, enter the amount of USDT you want, and confirm through your wallet app. This is a quick step, just make sure you’ve got enough for the trades you’re planning.
  4. Start Trading: You can explore 200+ trading pairs and jump into leveraged trades. The interface keeps things straightforward, so placing trades is just a few taps away.

How to Start Trading on AlphaX DEX

Conclusion

In conclusion, this AlphaX review highlights the platform’s strengths in meeting modern traders’ needs for security, flexibility, and low fees. It offers a powerful and secure decentralized exchange platform for leverage traders, featuring 125x leverage, over 200 trading pairs, and low transaction fees. With a no-KYC policy and self-custody wallet support, AlphaX ensures privacy and asset control. 

Its fully on-chain model, complemented by regular security audits, provides transparency and reliability. For active traders seeking advanced tools in a user-friendly interface, AlphaX proves to be a standout choice in the DEX market.

FAQs: AlphaX DEX Review

Does AlphaX have a mobile app?

Yes, AlphaX offers a mobile app that’s available for both iOS and Android devices. You can find the app on the App Store and Google Play. The app mirrors the desktop experience, so whether you’re executing trades or checking market trends, you can do it all from your phone. Plus, with over 200 trading pairs and ultra-fast execution speeds, the app has everything you need to trade confidently.

 AlphaX's mobile app is available for both iOS and Android devices

What are AlphaX payment methods?

The AlphaX trading platform primarily accepts Tether (USDT) for deposits and withdrawals. This focus on crypto means you won’t have to deal with traditional payment methods like bank transfers or credit cards. Plus, there are plans to add USD Coin (USDC) support soon.

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BTCC Exchange Review 2025: Fees, Features, and Security https://nftevening.com/btcc-exchange-review/?utm_source=rss&utm_medium=rss&utm_campaign=btcc-exchange-review Mon, 28 Oct 2024 08:29:40 +0000 https://nftevening.com/?p=141496 As a new user, you might be wondering if BTCC is the right exchange for you. In this BTCC Exchange review, we’ll unpack everything you need to know, including whether

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As a new user, you might be wondering if BTCC is the right exchange for you. In this BTCC Exchange review, we’ll unpack everything you need to know, including whether BTCC is safe for beginners. With its intuitive design and a variety of advanced trading features, it has gained popularity among new and experienced traders alike. 

But with so many crypto platforms out there, how do you know if BTCC is the one for you? We’ll explore its security features, trading tools, and overall user experience to help you decide if it fits your trading style.

BTCC Review: Quick Summary

Website https://www.btcc.com/en-US
Founded 2011
Security 2FA, cold storage, 1:1 reserve funds, zero hacks
Trading Options Spot, perpetual futures contracts, copy trading, demo trading, instant crypto-to-crypto convert, tokenized stocks and commodities
Supported Cryptos 88 for spot; 300+ for futures
Leverage Up to 500x for futures
Demo Trading $100,000 virtual funds
Trading Fees As low as 0% maker and 0.01% taker for the futures market
KYC Compliance Yes, Mandatory
Regulation Licensed in the U.S., Canada, Europe

What is BTCC?

BTCC is one of the oldest and most trusted cryptocurrency exchanges globally, having been founded in 2011. Over the years, BTCC has built a strong reputation in the industry for its commitment to security and regulatory compliance, making it a preferred choice for many traders. With a presence in the US, Canada, and Europe, the platform is particularly suited for North American and European traders.

BTCC

User Score

9

BTCC Promotion

Welcome User Reward of 10,055 USDT

In addition to cryptocurrency trading, BTCC offers innovative features such as copy trading, perpetual futures, and tokenized stocks, which allow traders to gain exposure to non-crypto assets like gold, silver, and U.S. stocks. This variety of options makes BTCC suitable for both beginners and experienced traders looking for a safe and regulated platform.

In June 2024, BTCC celebrated its 13th anniversary, marking over a decade of innovation and growth in the cryptocurrency industry. This milestone reflects the platform’s commitment to security and user satisfaction, with zero security incidents reported since its establishment. This makes it one of the few crypto exchanges with such a track record, giving traders confidence in the safety of their funds.

BTCC milestones

BTCC Exchange Trading Features Explained

BTCC

User Score

9

BTCC Promotion

Welcome User Reward of 10,055 USDT

Spot Trading

Spot trading is one of the most common ways to trade cryptocurrencies. On BTCC, you can trade a variety of cryptocurrencies directly at market prices. The platform supports 88 different coins, including popular assets like Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Solana (SOL). Spot trading is ideal if you prefer to own the actual cryptocurrency instead of just speculating on its price.

For traders in the U.S. and Canada, BTCC makes it easy to deposit funds in USD and CAD. This allows you to trade easily without worrying about complex currency conversions or additional fees.

Futures Trading

The BTCC platform supports futures contracts on more than 300 cryptocurrencies, including popular pairs like BTC/USDT, ETH/USDT, and more. Traders can speculate on future price movements without owning the underlying assets, providing a versatile way to profit from both rising and falling markets.

One of BTCC’s key strengths is the flexibility it offers with leverage. You can trade futures contracts with leverage of up to 500x on specific assets in 5 popular pairs: BTC/USDT, ETH/USDT, DOGE/USDT, SOL/USDT, and XRP/USDT. For less aggressive strategies, the platform offers adjustable leverage of up to 50x for different contracts.

BTCC offers different types of futures contract settlement. These contracts can be settled in USDT (USDT-margined futures) or in the cryptocurrency itself (coin-margined futures), providing flexibility for different trading strategies.

To enhance user experience, BTCC features market, limit, and stop-loss orders, giving traders tools to optimize their entry and exit points. Stop-loss and take-profit features are particularly valuable for managing risk, automatically closing positions once certain thresholds are reached.

BTCC's Futures Trading Feature

Copy Trading

BTCC’s futures copy trading feature offers a simple yet powerful way to trade for those who don’t have the time or expertise to monitor markets closely. By selecting a top-performing trader, you can automatically replicate their trades in real-time. This means even if you’re new to trading or just too busy, you can benefit from the strategies of experienced traders without lifting a finger.

But copy trading isn’t just for beginners. If you’re an experienced trader and consistently profitable, you can apply to become a lead trader on BTCC. This comes with some attractive benefits, particularly in the form of profit sharing. 

As a lead trader, you can earn 10-15% of the profits generated by those who copy your trades, which is higher than most other platforms offer. The commission is based on your 30-day average assets under management (AUM), and the profits are settled daily, so you’ll see returns frequently.

One major perk of becoming a lead trader on BTCC is that the earlier you join, the better. Early lead traders have the chance to build their AUM faster and lock in higher commission rates over time. It’s a great way to monetize your trading skills while helping others succeed.

BTCC’s futures copy trading feature

Demo Trading

One of BTCC’s most user-friendly features is its demo trading option. This allows you to practice trading with $100,000 virtual funds without risking any real money. 

It’s an excellent way for beginners to get familiar with the platform, learn how to execute trades, and develop their strategies. The demo account mirrors real market conditions, giving you a realistic feel of how your strategies would perform.

Instant Crypto-to-Crypto Convert

BTCC offers a quick and easy way to convert one cryptocurrency into another. This feature is particularly useful if you want to rebalance your portfolio or capitalize on market opportunities without going through the more complicated process of spot trading.

For example, if you want to quickly swap Bitcoin for Ethereum without waiting for an ideal market order, the crypto-to-crypto convert tool allows you to do this instantly. This makes portfolio management more efficient and hassle-free.

Tokenized Stocks and Commodities

BTCC exchange has the best feature to blend the world of traditional finance with crypto by offering tokenized stocks and commodities. Basically, instead of buying actual shares of companies like Apple or Tesla, or owning physical gold or silver, you can leverage trade digital versions of them, known as “tokenized futures”, right on the BTCC platform. These tokens are tied directly to the price of the real asset—so, if Tesla’s stock goes up or down, the Tesla token follows suit.

What makes this really interesting is that you can trade these tokenized assets with leverage—up to 50x for stocks and up to 150x for commodities like gold and silver. This means you can potentially amplify your profits with a relatively small investment. And since these are perpetual contracts, you don’t have to worry about expiration dates—you can hold them for as long as you want.

But remember, you don’t actually own the stock or the gold, so you won’t get things like dividends from the companies. But for those who are more interested in price movements and making trades without the hassle of dealing with traditional stockbrokers, it’s a neat option. Plus, everything is settled in USDT (Tether), making the process fast and easy.

BTCC Exchange User Bonuses and Campaigns

BTCC is known for offering generous bonuses and running regular campaigns to reward both new and existing users. Let’s take a look at some of the standout promotions available in 2025.

BTCC

User Score

9

BTCC Promotion

Welcome User Reward of 10,055 USDT

  • New User Welcome Reward: As a new user, you can claim a welcome reward of up to 10,055 USDT. This bonus is distributed based on your initial deposits and trading volume, making it an attractive incentive for traders looking to get started on the platform.

New User Welcome Reward:

  • Copy Trading Bonuses: If you are trying out copy trading for the first time, BTCC offers a 50 USDT loss coverage on your first copy trade, available until October 30, 2024. This feature reduces the risk for new traders, allowing them to experiment with less fear of initial losses.

Copy Trading Bonuses

  • Referral Program: You can earn up to 35% commission on your referrals, plus up to 10,060 USDT in rebates per referral. This is a generous referral system that incentivizes you to invite friends or family to join the platform.

Referral Program

  • Weekly Giveaways: BTCC is active on social media, and they regularly host giveaways on platforms like Twitter (now called X). Following their official channels gives you the chance to participate in these promotions and win rewards.

Weekly Giveaways

BTCC Security Review: Why it’s the Safest Exchange?

When it comes to trading cryptocurrency, security is a top concern for many. At BTCC, they take this issue very seriously, and it shows. Since the platform’s inception in 2011, BTCC has proudly maintained a flawless security record with zero hacks or breaches. In an industry where security issues are not uncommon, this is a remarkable achievement.

So, what makes BTCC stand out in terms of security? For starters, the segregation of assets is a key practice. This means that your trading margins are kept in a trust account, separate from the company’s operating funds. By doing this, BTCC ensures that your assets remain protected and accessible, even if the exchange faces any financial challenges.

To take security a step further, BTCC stores user assets in a multi-signature cold wallet. This is a high-tech way of saying that your cryptocurrencies are kept offline and protected by multiple private keys. Moreover, BTCC follows a 1:1 PoR storage policy, which means that every user’s assets are fully backed. Plus, BTCC does not collateralize tokens for loans, which adds another layer of security against the risks associated with borrowing and lending.

But security doesn’t stop at asset protection. BTCC is also committed to money laundering prevention and ensuring proper identity authentication. They have strict Know Your Customer (KYC) protocols in place to verify the identities of their users. This not only helps to build a safer community but also keeps fraud at bay. Here are some KYC limits and benefits:

KYC limits and benefits

Is BTCC Licensed and Regulated?

Yes, BTCC is both licensed and regulated, which provides additional assurance to its traders. The exchange complies with all relevant regulations in the countries where it operates, including the U.S. and Canada. 

  1. USA: Licensed by the Financial Crimes Enforcement Network (FinCEN).
  2. Canada: Licensed by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
  3. Europe: Licensed by the Registrar of Legal Entities of Lithuania.

BTCC Exchange Fees

Trading Fees

For users at the VIP0 level, which includes traders with no estimated total value or trade volume, the fees are as follows:

  • Futures Trading: If you place a limit order that adds liquidity to the market (maker), the futures fee is as low as 0%. And, if you place an order that is filled immediately (taker), you will pay only 0.01% of your trade value. This is very low compared to other futures exchanges like Kraken, Binance, or Bybit.
  • Spot Trading: The spot trading fees for VIP0 are 0.3% for takers and 0.2% for makers. Similar to futures, this means that takers will pay a higher fee than makers, incentivizing traders to provide liquidity.

It’s worth noting that BTCC offers additional benefits for users who advance to higher VIP levels, including lower fees. However, the exact benefits will vary based on the specific VIP tier you achieve.

Trading Fees by VIP tier

Deposit and Withdrawal Fees

Depositing funds in USD and CAD is straightforward, with fees depending on the payment method you choose. Cryptocurrency deposits are free, which is a bonus for those moving funds from other wallets or exchanges. 

Withdrawal fees vary by cryptocurrency (standard gas fees only) but remain competitive, ensuring that you won’t be overcharged for moving your funds off the platform.

BTCC Trading Experience and Customer Satisfaction

In our experience, BTCC has proven to be a reliable and user-friendly platform. The exchange’s intuitive interface makes it easy for both beginners and experienced traders to navigate the various features and trading options. We found that the platform’s transaction speeds were fast, and its customer support was responsive, addressing any queries we had in a timely manner. It also has an easy-to-use mobile app for both Android and iOS devices.

One of the standout aspects of BTCC is its attention to security. Knowing that the platform has a spotless security record provided peace of mind when trading, especially when dealing with large sums. The various trading tools, including demo trading and copy trading, make it accessible to new traders while still offering advanced features like leverage trading for more experienced users. Customer satisfaction also seems high, with many traders praising the platform for its ease of use, security, and range of trading options.

How to Register and Trade with BTCC?

Here’s a quick guide to help you navigate the BTCC exchange registration and trading process.

BTCC

User Score

9

BTCC Promotion

Welcome User Reward of 10,055 USDT

Step 1. Create an Account: First, head over to the BTCC website or their app and click on the “Sign Up” button. All you need is your email address and a secure password. Once you fill that out, check your inbox for a verification email—just click the link inside to activate your account.

Create an Account

Step 2. Complete KYC: After your account is up and running, it’s time for the Know Your Customer (KYC) process. This step is all about keeping things secure and compliant. You’ll need to upload some ID, like a driver’s license or passport. Don’t worry; it’s a quick process, and you’ll get a confirmation email once your documents are verified.

Complete KYC

Step 3. Deposit Funds: Next, you can easily deposit funds into your account. BTCC offers a variety of payment methods, including bank transfers and credit cards. Just pick what works best for you, enter the amount, and follow the prompts to get your money into your trading account.

Deposit Funds

Step 4. Start Trading: You can choose from spot trading, futures, or even copy trading if you want to follow successful traders. Select the cryptocurrency you want to trade, decide on your order type, and hit that buy or sell button. The interface is user-friendly, making it easy to keep track of your trades and manage your portfolio.

Start Trading

Our Final Verdict

In conclusion, BTCC continues to stand out as one of the top cryptocurrency exchanges in 2025. Its robust security measures, diverse trading options, and competitive fees make it an attractive platform for traders of all levels. The platform’s presence in the U.S. and Canada, along with its support for fiat deposits in USD and CAD, further solidifies its position as a leading exchange for North American traders.

Whether you’re a beginner looking to test out demo trading or a seasoned trader interested in high-leverage futures, BTCC has something for everyone. With a commitment to regulatory compliance and security, BTCC is a reliable choice for traders looking for a trustworthy and feature-rich exchange.

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OKX NFT Marketplace Review: Create, Buy & Trade NFTs https://nftevening.com/okx-nft-marketplace/?utm_source=rss&utm_medium=rss&utm_campaign=okx-nft-marketplace Thu, 24 Oct 2024 08:08:17 +0000 https://nftevening.com/?p=141411 NFTs are becoming more than just art – they are investments, collectibles, and even gaming assets. With the NFT market expected to reach $230 billion by 2030, platforms like OKX

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NFTs are becoming more than just art – they are investments, collectibles, and even gaming assets. With the NFT market expected to reach $230 billion by 2030, platforms like OKX play a crucial role in shaping this growth. This OKX NFT Marketplace review covers the platform’s unique features, benefits, and how it stands out in the growing world of NFTs.

Key Takeaways:

  1. OKX NFT Marketplace allows you to explore, buy, sell, and mint NFTs across multiple blockchains with tools for tracking stats, analyzing trends, and accessing exclusive NFT drops.
  2. The marketplace features a wide variety of NFT collections, including popular ones like Bored Ape Yacht Club and CryptoPunks, alongside up-and-coming projects.
  3. OKX offers real-time NFT market data, helping users track trading volume, floor prices, and price trends, making data-driven decisions easier for NFT investors.

OKX NFT Marketplace Overview

OKX NFT Marketplace

OKX, originally known for its cryptocurrency exchange, has become a multi-functional platform. It has integrated an NFT marketplace that allows you to explore, buy, sell, and mint NFTs across multiple blockchains. It aims to be an all-in-one platform, offering features such as an NFT launchpad, statistics for market insights, and a collection of popular NFTs for enthusiasts.

The marketplace’s integration with various blockchains gives it an edge, as you can interact with NFTs on Ethereum, BNB Chain, Solana, Bitcoin, Ton, Immutable X, Aptos, and other blockchains. So, whether you’re an artist trying to mint your first NFT or a seasoned collector looking to grab the latest drops, OKX has created an easy-to-use platform that suits all levels.

Beyond just trading NFTs, OKX provides a set of tools designed to enhance your experience on the platform. For instance, the NFT stats feature allows you to analyze market trends, while the NFT Launchpad helps you gain early access to new and promising projects. You can also read our related guide on whether is OKX safe to use.

OKX NFT Platform Features Reviewed

Top Collections

The OKX NFT Marketplace is home to a wide range of collections from different genres, styles, and blockchain networks. These collections include everything from digital art, virtual real estate, and in-game assets to other types of NFTs, offering something for everyone. 

Some of the most prominent NFT collections featured on OKX include well-known Ethereum-based projects like Bored Ape Yacht Club and CryptoPunks, as well as BNB Chain-based NFTs such as Commonwealth Box.

Plus, OKX features up-and-coming collections that have yet to hit mainstream attention. This presents you with an opportunity to invest in NFTs before they grow in popularity. The variety in collections also ensures that NFTs of different price ranges are available, allowing collectors with different budgets to find something suitable.

Top Collections

Launchpad and NFT Drops

OKX’s Launchpad is one of the most exciting features, especially if you’re someone who likes being first in line for new projects. The Launchpad gives you access to brand-new NFT projects before they hit the public market. Think of it as a presale for NFTs.

So, what’s the benefit of using the Launchpad?

  • Early Access: You can participate in NFT launches before they are open to the general public. This gives you an advantage in securing rare or limited-edition NFTs.
  • Simplified Process: Creators can easily list their NFTs, and you can quickly purchase them using cryptocurrencies. The platform streamlines the process to make it as user-friendly as possible.
  • Verified Projects: OKX ensures that the projects listed on the Launchpad are verified, reducing the risk of scams.

If you love collecting rare or exclusive NFTs, you’ll want to keep an eye on OKX’s NFT Drops. These are time-limited releases of new NFTs, often in limited quantities, which can make them highly sought after. By participating in these drops, you can snag some rare digital assets before they sell out or go up in price on the secondary market.

OKX frequently collaborates with well-known artists and projects for these NFT drops, making it a great opportunity for collectors who want something unique. Plus, if you participate early, you might even score these NFTs at lower prices than what they might fetch later.

Allowlist and Airdrop

NFT Stats

One of the most useful tools on the OKX NFT Marketplace is the detailed stats feature. If you’re someone who prefers to make data-driven decisions, this feature is invaluable. The platform provides comprehensive stats that allow you to track various metrics such as:

  • Trading volume: The total amount of cryptocurrency traded for a particular NFT collection.
  • Floor price: The lowest price you can purchase an NFT from a particular collection.
  • Price trends: The historical price movement of NFTs within a collection, allowing you to gauge their market behavior.

The NFT Stats page is regularly updated and provides real-time data to ensure you are equipped with the latest information.

NFT Stats

How to Buy and Sell NFTs on OKX?

  1. Connect Wallet: The first thing you need to do is connect a wallet to the OKX NFT Marketplace. You can use popular options like MetaMask, Trust Wallet, or the built-in OKX Wallet. This wallet will store your NFTs and funds used for buying, selling, or minting NFTs.
  2. Deposit Funds or Import from Wallet: Once your wallet is connected, ensure you have cryptocurrency in it. You’ll need Ethereum (ETH), USDT, or other supported tokens to buy NFTs. If your wallet is already funded, you’re good to go. If not, you can purchase crypto through OKX’s exchange or transfer funds from another wallet.
  3. Browse NFT Collections: You can browse through various NFT collections, use filters for blockchain type, price, or popularity, and search for specific collections.
  4. Buy NFTs: When you find an NFT you like, you can either place a bid or click “Buy Now” if the price is fixed. The “Buy Now” option lets you purchase NFTs instantly, while bidding can sometimes help you score an NFT at a lower price.
  5. Selling NFTs: If you want to sell an NFT, just list it on the marketplace. You can choose to sell at a fixed price or auction it off. Once someone buys your NFT, the funds will be transferred to your crypto wallet in cryptocurrency.

OKX also offers a handy “watch-only” feature that allows you to track all transactions and NFT activity of any wallet, even if it isn’t connected. You just need to enter the public address of the wallet you want to monitor. This feature is perfect if you’re keeping an eye on a particular collection or tracking your investments across multiple wallets.

How to Mint NFTs on OKX?

To mint NFTs on OKX, the first step is to connect your wallet, which you’ve already done if you followed the buying/selling process. Once your wallet is linked, you’ll choose which blockchain to mint your NFT on. Popular options are Ethereum, Solana, and BNB Chain. 

After that, simply upload your digital file, whether it’s artwork, music, or any other digital content you want to turn into an NFT. You’ll then fill out the details, like the title and description, and set a price (either fixed or auction-style). Once you hit “Mint”, your NFT will be live on the marketplace, ready for others to discover and purchase. The process is quick and comes with low minting fees, making it easy for creators to get started.

Conclusion

To sum up our OKX NFT marketplace review, it has everything you need if you’re in the NFT niche. With its wide range of features like the NFT Launchpad, Drops, and market stats, it caters to both beginners and seasoned NFT traders.

What makes OKX stand out is its cross-chain functionality, easy-to-use interface, and affordable fees for minting and transactions. Whether you’re an artist wanting to mint your first NFT, or a collector looking for exclusive drops, OKX provides a seamless experience.

The post OKX NFT Marketplace Review: Create, Buy & Trade NFTs appeared first on NFT Evening.

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Is OKX Safe? OKX Exchange Security Overview 2025 https://nftevening.com/is-okx-safe/?utm_source=rss&utm_medium=rss&utm_campaign=is-okx-safe Mon, 21 Oct 2024 06:15:37 +0000 https://nftevening.com/?p=141333 When picking a cryptocurrency exchange, the first question on everyone’s mind is often: Is it safe & legit? Platforms like OKX must offer more than just a wide variety of

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When picking a cryptocurrency exchange, the first question on everyone’s mind is often: Is it safe & legit? Platforms like OKX must offer more than just a wide variety of cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) — users need reassurance that their assets will be secure. Trading volume and ease of use, such as having a mobile app and integrated wallet, are important features, but they don’t mean much if your funds aren’t protected.

So, is OKX safe and trustworthy? This is a critical point to consider. OKX has established itself as a reliable exchange with 50 million users worldwide, but like all crypto exchanges, users wonder about its track record: Does OKX face hacking issues? While no exchange is entirely immune to cyber threats, OKX takes security very seriously, with industry-standard protocols like two-factor authentication (2FA) and advanced encryption to protect user accounts.

In this overview, we’ll dive deeper into the security features OKX provides, addressing common concerns like whether is OKX prone to hacks, and giving you tips on how to protect your account while trading, buying, or selling crypto.

OKX Review 2024: Trading Features, Fees, and Security

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OKX Overview

OKX Exchange Overview

OKX is the best crypto exchange, with a lot more trading features beyond just buying and selling crypto. If you’re interested in diving into all things crypto, OKX covers pretty much everything you need, whether you’re a beginner or an experienced trader.

A Breakdown of What OKX Offers:

1. Trading Variety

They offer spot trading, futures, options, and perpetual swaps. Spot trading is pretty straightforward – you’re buying and selling crypto like Bitcoin (BTC) or Ethereum (ETH). But if you’re into advanced stuff, OKX gives you options of margin trading or using futures with up to 100x leverage. And they’ve got a ton of trading pairs—over 400 different crypto combinations like BTC/USDT or BTC/ETH to choose from.

2. Web3 Wallet

OKX goes beyond just a centralized exchange (CEX). Their OKX Wallet taps into the decentralized finance (DeFi) world. Think of this wallet as your key to interacting with the decentralized universe. It supports over 100 different blockchain networks and lets you access DApps (decentralized applications), buy and sell NFTs, and even participate in DeFi. If you’re into yield farming or staking, this wallet lets you jump in, and the fact that it’s multichain means you can move assets across different blockchains seamlessly.

3. NFT Marketplace

OKX has an NFT marketplace that stands out because of its zero-fee model on secondary sales. This is a big deal, especially if you’re into high-value NFTs (some selling for over $100,000). Most platforms take a percentage cut, but OKX lets you keep all of it.

4. Advanced Trading Tools

They’ve added simple but powerful tools like being able to use stop-loss or take-profit orders right on the charts. They even offer data indicators like open interest and traders’ long/short ratios, which help you keep track of market sentiment.

5. Copy Trading and Bots

If you’re not super experienced or just want to follow someone else’s strategy, OKX has copy trading. This lets you mirror the trades of top traders on the platform. They also offer automated trading bots, which can handle trades for you based on preset conditions.

6. Earn and DeFi

OKX’s Earn feature lets you make passive income by staking your crypto. You can lock up your coins in liquidity pools or participate in DeFi projects like lending and borrowing.

7. High Liquidity

If you’re trading large amounts, you won’t face much slippage. This is essential for traders who want to move big funds without affecting the market too much.

8. Competitive Trading Fees

It charges low trading fees of 0.08% maker and 0.1% taker fees on the spot market, which is lower than the industry standard of 0.1% maker/taker for other cryptocurrency exchanges.

Read our in-depth OKX review for more information.

OKX Review 2024: Trading Features, Fees, and Security

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Is OKX Safe? 10 Security Features Reviewed

95% Cold Storage

In simple terms, cold storage means keeping most of the user funds offline, away from potential online threats like hackers. At OKX, they store 95% of all funds in cold wallets, which aren’t connected to the internet. The reason for this is pretty straightforward: anything online is at risk. Whether it’s hackers, malware, or other digital threats, being online makes funds vulnerable.

But they don’t stop there. Even though cold storage is offline, there can still be threats from things like USB drives or external devices. These could carry malware, so OKX makes sure their cold wallets never come into contact with any of these devices.

OKX also limits how much cryptocurrency can be stored in a single cold wallet address. Each address can hold a maximum of 1,000 BTC, which helps spread out the risk. After the first withdrawal is made from an address, it can no longer receive any new deposits, adding yet another layer of safety.

Private Key Storage Mechanism

Another layer of security comes from how they handle private keys. These keys are created on an offline computer, and as soon as they’re made, they’re encrypted using something called Advanced Encryption Standard (AES). The original, unencrypted keys are then deleted, leaving only the encrypted version. 

The encrypted keys aren’t just left lying around, though. They’re turned into QR codes, which are printed and securely stored in bank vaults. And not just one vault—there are backup QR codes stored in different vaults in multiple countries. This way, if anything goes wrong at one location, the backup ensures that your funds are still safe and accessible.

To make things even more secure, OKX has a system where no single person has complete control over the cold wallet system. The password used to decrypt the private keys is split between two employees who live in different countries. These employees aren’t allowed to travel together or even be in the same vehicle. 

Why? To make sure that if something happens to one of them, the other is still around to maintain security. The employees who have access to the bank vaults where the QR codes are kept are different people entirely, so no one person can access everything.

Online Storage with Multi-Sig Mechanism

You know that quick access to some funds is needed for deposits and withdrawals, so OKX created a semi-offline system of hot wallets to make that happen securely. It uses a special semi-offline multi-sig system to handle transactions safely and quickly. 

What’s different here is that OKX doesn’t use typical internet protocols when processing transactions. Instead, they’ve built their own signature service that reduces the risk of cyber attacks, keeping your funds secure even during deposits and withdrawals.

A key part of this security system is how OKX handles private keys. These keys, which are essential for accessing your funds, are stored in the RAM of semi-offline servers instead of on permanent memory. This might sound technical, but it basically means that even if someone got physical access to the servers, they wouldn’t be able to steal the keys.

What’s also great about OKX’s multi-sig system is that no one person can control the funds. They create 3 private keys, each held by different employees in separate locations. To authorize any transaction, at least two of these keyholders must approve it, ensuring that no single person can act alone.

OKX Online Storage with Multi-Sig Mechanism

OKX Risk Shield

The OKX Risk Shield is like an insurance safety net for your assets on the platform. It’s a reserve fund that OKX sets aside from its own earnings, specifically to protect you in case something goes wrong, like a security breach or other unexpected events. 

This fund ensures that if there’s ever a problem, your assets are covered. It’s similar to Binance’s SAFU fund, which adds a layer of trust and security.

Anti-Phishing Code

OKX offers a smart feature called the anti-phishing code. It’s like adding a personal stamp to your emails from OKX, making it easy for you to know whether an email is genuinely from them or a fake. If you get an email that looks like it’s from OKX but the code isn’t there, you can instantly tell it’s not legit. 

This is incredibly useful because phishing scams are sneaky – they’re designed to trick you into giving up your account details or clicking harmful links. Having your own code is a simple and effective way to stay one step ahead of fraudsters.

Withdrawal Address Whitelisting

Imagine having a lock on where your funds can go—that’s essentially what withdrawal address whitelisting does for you. You choose which wallet addresses are allowed for withdrawals, and anything outside of that list is automatically blocked. This means that even if someone tries to hack your account, they can’t move your funds to any random wallet they control. 

It’s a powerful feature that gives you more control over your money and peace of mind knowing that it can only be sent to safe, pre-approved addresses. This makes your funds much harder to steal, even in the worst-case scenario.

Passkeys

OKX is raising the bar with passkeys, which are more secure than traditional passwords. Instead of typing in a password that could be guessed or stolen, passkeys use either your device or biometrics (like a fingerprint or facial recognition) to verify your identity. 

This makes it virtually impossible for hackers to access your account through the usual methods like phishing or password attacks. By embracing passkeys, OKX is ensuring your account remains secure without you having to remember a dozen different passwords. It’s a forward-thinking solution that really prioritizes your account security.

Two-factor Authentication (2FA)

Two-factor authentication (2FA) is one of the most effective ways to protect your OKX account. It requires two steps to verify your identity—usually your password and a code sent to your phone or generated by an app like Google Authenticator. This means that even if someone gets your password, they’ll still need the second factor to log in. 

OKX makes it easy to set up 2FA, and it’s highly recommended if you want that extra layer of security. It gives you peace of mind knowing your account is safe, even in the event of a password leak.

Two-factor Authentication (2FA)

Mandatory KYC

OKX enforces mandatory KYC, which means you need to verify your identity before accessing the full platform features. This process not only ensures compliance with global regulations but also protects against illegal activities like fraud or money laundering

Without KYC, you won’t be able to deposit, trade, and withdraw funds. But once you complete it, you can withdraw up to 500 BTC per day. The verification process is straightforward, and while some might find it tedious, it significantly enhances the security of the platform by making sure that all users are legitimate.

Proof of Reserve (PoR)

OKX understands that trust is key in the world of cryptocurrency. That’s why it has put a strong focus on its Proof of Reserve (PoR) system. This initiative allows you to easily verify that every dollar you deposit is backed by real digital assets. 

Right now, OKX holds over $19.4 billion in reserves, which includes some of the most popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and stablecoins such as Tether (USDT) and USD Coin (USDC). These assets are selected for their strong liquidity and market acceptance.

What’s even better is that OKX’s on-chain wallet holdings are public (Check on Defillama). You can see this for yourself, which gives you a level of transparency that’s hard to find elsewhere. 

The way the PoR works is pretty interesting. OKX uses a transparent Zero-Knowledge Proof algorithm called zk-STARK. This term means that OKX can prove and verify all the assets it holds on the exchange without revealing sensitive details. Essentially, this technology allows OKX to confirm its ownership of its on-chain wallet addresses while protecting the privacy of its users.

Hence, OKX verifies its reserve ratio by comparing the total assets in customer accounts with the total assets in its on-chain wallets.

OKX Exchange Proof of Reserve (PoR)

External Security Audits

OKX doesn’t just talk about security—it proves it through external security audits. The platform holds an ISO/IEC 27001 certification, which is an internationally recognized standard for top-tier information security management. 

Additionally, OKX is highly rated by CertiK with an “AA” score. CertiK is a company that specializes in blockchain security audits. These external audits ensure that OKX’s systems are constantly being reviewed for vulnerabilities, keeping everything secure and up to date. 

It’s one thing for a company to claim it’s secure, but having third-party verification through audits adds a layer of credibility that’s hard to ignore.

External Security Audits

OKX Web3 Wallet Safety Measures

You might be wondering is OKX wallet safe? The short answer is yes—it has a lot of solid safety features designed to keep your crypto secure. 

First, the OKX wallet is self-custodial, meaning you – not OKX – hold your private keys. This gives you full control over your crypto, which is a big deal because no one else can access your funds unless you share your private keys. The key phrase you create when setting up the wallet is crucial for recovering your assets if something goes wrong, so keep that safe!

One of the standout features of the OKX wallet is its use of MPC (Multi-Party Computation) technology. In simple terms, MPC makes it nearly impossible for hackers to steal your private keys.

Instead of storing the private key in one place, MPC splits the key into multiple parts and stores them separately. 

This way, no single entity has access to the complete key. Even if one part gets compromised, your wallet remains safe because the attacker would need access to all parts to steal your funds.

Another strong feature of the OKX wallet is that it supports multi-chain functionality. This means you can store, send, and receive assets across multiple blockchains all in one place. Whether it’s Ethereum, Bitcoin, or 100+ supported networks, you don’t need multiple crypto wallets for each blockchain. The wallet also allows for cross-chain swapping, which makes it easy to trade assets across different blockchains without having to leave the wallet or move assets to an exchange.

On top of that, OKX has integrated 2FA (Two-Factor Authentication) and offers biometric login options, such as fingerprint or face recognition, which are available when using the mobile app. This adds an extra layer of security when you access your wallet on the go.

OKX Mobile App Security

OKX app is available for both Android and iOS devices. When using OKX on your mobile device, security is a key focus, just like with its web version. One of the primary security features is biometric authentication, such as fingerprint or facial recognition.

The app also offers two-factor authentication (2FA), where you can link your account to Google Authenticator or receive SMS codes for extra security during login. It also includes anti-phishing codes. You can also whitelist withdrawal addresses.

OKX also uses end-to-end encryption for all data transmissions on the mobile app. Whether you’re trading, depositing, or withdrawing funds, your sensitive information is encrypted, making it harder for hackers to intercept or steal your data.

OKX Review 2024: Trading Features, Fees, and Security

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Top Safety Tips to Protect OKX Exchange

Here are some easy-to-follow safety tips to protect your OKX Exchange account:

  1. Two-Factor Authentication (2FA): You can use apps like Google Authenticator or receive SMS codes to add an extra layer of security. This will make it much harder for anyone to access your account, even if they know your password.
  2. Create a Strong, Unique Password: You should use a combination of upper and lowercase letters, numbers, and symbols. Make sure to change your password regularly and avoid using easily guessed information like birthdays.
  3. Be Cautious of Phishing Scams: Always check that any communication you receive is from OKX by using anti-phishing codes or by going directly to the official OKX website or app. Avoid clicking on links in emails that seem untrustworthy.
  4. Regularly Monitor Your Account Activity: You should regularly check your account activity for any unusual logins or transactions. OKX provides notifications for account activities, so make sure to review them to catch anything suspicious early.
  5. Use a Secure Internet Connection: You need to make sure that you are using a secure and private internet connection when logging into your OKX account. Avoid using public Wi-Fi networks, as these are more vulnerable to hackers.
  6. Always Log Out After Using Your Account: It is important to prevent others from accessing your account when you are finished using it, especially on shared or public devices. 
  7. Set Up Security Notifications: You should enable notifications for any important activities on your account, such as logins, withdrawals, or changes to your security settings. 

Final Verdict

So, is OKX safe? Absolutely! This active trading platform takes your security very seriously, with advanced features designed to keep your assets protected. With 95% of funds stored in cold wallets and robust measures like two-factor authentication, users can feel confident in their safety while trading.

 Plus, OKX has a solid track record, with no major hacking incidents to date. Their transparent Proof of Reserve system allows you to see that your funds are fully backed by real assets. Overall, if you’re looking for a secure place to trade cryptocurrencies, OKX is worth considering.

FAQs

Is OKX legit for beginners?

Yes, OKX is quite a legitimate crypto app for beginners, it provides an easy-to-navigate interface and helpful resources to get started. For new traders, OKX offers features like spot trading, which is straightforward, and educational materials to help understand crypto better.

Plus, the highly rate of mobile app making it simple for beginners to trade on the go. The platform also supports a wide range of payment options for easy deposits, and beginners can explore different products like OKX Earn, which allows you to generate passive income without advanced trading knowledge.

Is OKX regulated and licensed?

OKX operates under multiple regulatory frameworks globally. It holds a Virtual Asset Service Provider (VASP) license from the Seychelles Financial Services Authority (FSA) and has been granted a Minimal Viable Product (MVP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), allowing it to operate in the UAE. 

OKX also complies with regulatory standards in regions like Europe and Australia, making it a top pick for anyone looking for the best crypto exchange in Australia. This commitment underscores OKX’s dedication to operating within legal frameworks and ensuring a reliable platform for users.

Has OKX ever been hacked?

As of now, OKX has not been involved in any major hacking incidents, which reflects positively on its security measures. The platform emphasizes strong security protocols, including two-factor authentication (2FA), cold storage for funds, and regular Proof of Reserves audits.

Can I use OKX without KYC?

No, you cannot use OKX without completing the Know Your Customer (KYC) verification process. KYC is mandatory on OKX for all users to comply with global regulations on anti-money laundering (AML). You will need to submit identification documents like a passport or driver’s license to fully access trading features and withdrawal options.

Which offers better security, OKX or Binance?

When it comes to security, both OKX and Binance are solid choices, but they have some differences. Binance has a substantial Security Asset Fund for Users (SAFU), totaling $1 billion, which acts as a safety net for users. OKX, while also having a reserve fund, does not disclose the exact amount, which can leave some users curious. 

On the bright side, OKX has never suffered a major hacking incident, which adds to its credibility. In contrast, Binance faced a significant breach in 2019, where a hacker stole over 7,000 bitcoins, resulting in a loss of about $40 million.

How can I withdraw money from OKX?

You can withdraw money from OKX using various methods. The platform allows you to link a bank account or bank card for withdrawing fiat currencies. You can also use third-party payment processors like Apple Pay and MoonPay, depending on your region. OKX is expanding its fiat on- and off-ramp services to include more local currencies and banking options.

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OKX Wallet: Non-Custodial Multi-Chain Crypto Wallet https://nftevening.com/okx-wallet/?utm_source=rss&utm_medium=rss&utm_campaign=okx-wallet Wed, 16 Oct 2024 07:38:46 +0000 https://nftevening.com/?p=141187 Managing your digital assets across different blockchains can be overwhelming, especially with so many wallets and platforms to choose from. That’s where the OKX Wallet comes in. It simplifies everything

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Managing your digital assets across different blockchains can be overwhelming, especially with so many wallets and platforms to choose from. That’s where the OKX Wallet comes in. It simplifies everything by offering one wallet that supports over 100 blockchains, from DeFi to NFTs, all in one place.

In this guide, we will explore everything you need to know about the OKX Wallet. We’ll break down its key features, how to use it, and its security measures.

What is OKX Wallet?

What is OKX Wallet?

OKX Wallet is a self-custodial crypto wallet designed for secure, on-chain access to a wide variety of digital assets. As a non-custodial wallet, you retain complete control over your private keys, giving you full ownership of your assets. This multi-chain wallet supports over 100 blockchains and enables seamless interaction with DeFi, NFTs, and other Web3 applications.

The wallet is available as a mobile app on Android and iOS, a browser extension, and a web platform, making it easy to manage crypto assets across different devices.

Note: The OKX Wallet is directly connected to the OKX Exchange, allowing users to seamlessly transfer funds between the exchange and their decentralized wallet.

Make sure to read our in-depth OKX review for more information on the OKX crypto exchange.

Key Features of OKX Wallet

Here are some of the top features of the OKX crypto wallet:

  1. Multi-Chain Support: OKX Wallet connects to over 100 blockchains, including Ethereum, Solana, Bitcoin, and more. This allows you to swap, send, and receive a wide variety of tokens without needing multiple wallets.
  2. DEX and DeFi Integration: With integrated DEX (Decentralized Exchange) and DeFi (Decentralized Finance) aggregators, the wallet provides access to thousands of tokens and DeFi products. Users can swap tokens across different blockchains through OKX’s X Routing technology, which optimizes trades across multiple decentralized exchanges to get the best price.
  3. NFT Marketplace: It offers a zero-fee NFT marketplace, enabling you to buy, sell, and mint NFTs. The marketplace supports NFTs across major blockchains, giving creators and collectors more freedom and flexibility
  4. No Fees on Swaps or Bridging: In line with its mission of financial inclusion, OKX Wallet doesn’t charge any fees for token swaps or bridging between networks. Users only pay the network transaction fees associated with the blockchain they are using.

Key Features of OKX Wallet

How to Use OKX Wallet?

Setting up the OKX Wallet is straightforward and can be done in a few simple steps:

Step 1. Download OKX App or Browser Extension: First, download the OKX Wallet, which is available for multiple platforms including iOS, Android, and desktop. You can quickly install it on your preferred device.

Step 2. Create or Import a Wallet: When setting up your wallet, you can either create a new wallet or import an existing one using your seed phrase. This step is crucial to securing your assets.

Step 3. Secure Your Wallet: It’s essential to back up your seed phrase securely. Additionally, you can enhance security by enabling multi-factor authentication (MFA), which adds an extra layer of protection.

Step 4. Start Using the Wallet: Once your wallet is set up, you can begin exploring a wide range of features such as DeFi, NFTs, and other Web3 services across multiple blockchains. You can easily buy Bitcoin or other assets inside the wallet.

For more info, you can also read our guide on how to get a crypto wallet.

OKX Integrations with Web3 and Dapps

OKX Wallet is designed to easily integrate with the Web3 ecosystem, offering to access DApps across multiple blockchains. You can connect to popular DeFi platforms like Uniswap, Aave, and Compound to trade, lend, and earn crypto directly from your wallet. 

Plus, OKX Wallet provides easy access to NFT marketplaces, allowing you to discover, buy, and sell NFTs across different networks without needing to switch wallets. This level of integration ensures that you have all the tools needed for a complete Web3 experience in one place.

Conclusion

In conclusion, OKX Wallet stands out as one of the best crypto wallets, a secure, and user-friendly solution for managing assets across multiple blockchains. With its integration into DeFi, NFTs, and Web3, and backed by top-notch security, it is a solid option for anyone looking for a comprehensive non-custodial wallet.

FAQs

How does OKX wallet compare to MetaMask?

While both are non-custodial wallets, OKX Wallet supports more blockchains (over 100) including non-EVM networks, whereas MetaMask is focused mainly on Ethereum and EVM-compatible networks (layer 2 networks). OKX also offers no-fee token swaps and a built-in NFT marketplace, making it a more versatile option for users.

Is OKX wallet safe to use?

Yes, OKX Wallet is highly secure, featuring open-source code, multi-signature support, biometric 2FA, and partnerships with leading security firms like CertiK. These features have made OKX wallet one of the most secure wallets in the crypto space.

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Coinbase vs Binance 2025: Which Exchange is Better? https://nftevening.com/coinbase-vs-binance/?utm_source=rss&utm_medium=rss&utm_campaign=coinbase-vs-binance Mon, 14 Oct 2024 05:51:26 +0000 https://nftevening.com/?p=141136 According to CMC data, Coinbase and Binance are in the top 3 crypto exchanges based on trading volume and liquidity. Both platforms are popular, but they have important differences that

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According to CMC data, Coinbase and Binance are in the top 3 crypto exchanges based on trading volume and liquidity. Both platforms are popular, but they have important differences that can affect your trading experience.

This comparison article “Coinbase vs Binance” will explore key differences like fees, supported cryptocurrencies, security, and user experience. By looking at these aspects, you can decide which crypto exchange fits your needs best.

Coinbase vs Binance: Quick Comparison

Coinbase Binance
Founded 2012 2017
User Base Over 110 million verified users Over 230 million users
Supported Cryptocurrencies 240+ 400+
Trading Fees 0.4% maker and 0.6% taker 0.1% maker/taker
Futures Trading Leverage Up to 10x (selected users only) Up to 125x
Staking Flexible staking Flexible and fixed-term staking with higher APYs
User Interface Simple layout, easy-to-use platform Feature-rich, complex layout with advanced options
Security Features 98% of assets in cold storage; FDIC insurance Multi-factor authentication; $1 billion Secure Asset Fund
Payment Methods ACH, wire transfer, Credit/debit cards, bank transfers Crypto deposits, bank transfers, credit/debit cards
Withdrawal Limits $100,000 per day $8 Million for KYC-1 users
Customer Support 24/7 support via chat and email 24/7 support via chat, email, and extensive resources
Advanced Trading Features Limited; basic options like advanced charting Margin trading, futures, options, and automated bots
Educational Materials Coinbase Earn for learning and earning Binance Academy for tutorials and guides

Coinbase Overview

Coinbase website

Coinbase is one of the best crypto exchanges globally, founded in 2012 by Brian Armstrong and Fred Ehrsam. As a publicly traded company (COIN) since 2021, it offers significant transparency in its financials and operates with stringent regulatory oversight. Coinbase has more than 110 million verified users and operates in over 100 countries.

One of the key reasons traders trust Coinbase is its security. Your crypto is stored 1:1, meaning the company doesn’t lend or trade your assets without permission. They use top-tier security measures, like 2FA and cold storage, to protect users’ funds. The platform handles massive amounts of crypto. For example, in just one quarter, it facilitated $226 billion in average trading volume and held around $269 billion in customer assets.

Coinbase also offers services for advanced traders and institutions. Coinbase Advanced (previously Coinbase Pro), which has more in-depth trading features like real-time charts and advanced order types, caters to more experienced users. Plus, their institutional arm, Coinbase Prime, provides professional trading solutions for large investors. They’re focused on making crypto easy and secure for everyone, while also keeping up with regulations to ensure safe trading.

coinbase

User Score

9.8

Coinbase Promotion

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Binance Overview

Binance website

Binance, launched in 2017, is the world’s largest cryptocurrency exchange by trading volume. It serves over 230 million users globally across more than 180 countries. Binance offers a broad range of services, including trading over 400 cryptocurrencies like BTC, ETH, and its own token, BNB. Its daily trading volume regularly surpasses $30 billion.

The Binance exchange supports multiple types of trading, such as spot, margin, and perpetual futures contracts. It also offers an “Earn” platform, enabling users to generate passive income through staking, savings, and liquidity pools. You can stake various cryptocurrencies and earn interest or participate in “Launchpad” projects, which allow early access to new tokens.

Binance’s global expansion continues, with offices and registrations in countries like Italy, Spain, and Sweden, though it faces regulatory scrutiny in certain regions like the U.S. and Europe. Despite challenges, Binance remains dominant in the crypto trading market. You can read our in-depth Binance review to learn about its pros and cons.

binance-logo-2

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Coinbase vs Binance: Trading Fees

Binance Fees

When comparing fees, Binance stands out for its affordability, is one of the lowest fees crypto exchange in the market. Binance charges just 0.1% for spot trading, and its U.S.-based platform, Binance.US, offers zero-fee Bitcoin trading along with fees ranging from 0% to 0.6% for other assets.

Binance futures fees are highly competitive, with maker fees starting at 0.02% and taker fees at 0.05%. These rates can be further reduced based on a user’s VIP level or by paying with Binance’s native token, BNB. This makes it one of the lowest-cost options for futures trading. Here is the full Binance fee structure.

Binance fee structure

Coinbase Fees

In contrast, Coinbase’s fee structure is less transparent and generally higher. On its Coinbase Advanced platform, it charges 0.4% maker and 0.6% taker, which is quite high compared to Binance’s 0.1% maker/taker. The exchange also acknowledges that fees can vary largely based on trading volume.

Also, the Coinbase Simple platform has very high fees. Transaction fees are charged at different flat rates depending on the amount involved. For transactions up to $10, the fee is $0.99. For amounts between $10 and $25, the fee increases to $1.49. If the transaction amount is between $25 and $50, the fee is $1.99. For transactions ranging from $50 to $200, the fee is $2.99.

Winner: Binance charges lower trading fees compared to Coinbase (0.1% vs. 0.6%).

Coinbase vs Binance: Trading Features

Coinbase Standout Features

  • Derivatives Trading: Coinbase has recently entered the derivatives space but offers limited leverage, capped at 10x. This makes it less aggressive compared to Binance’s 125x leverage on futures.
  • Coinbase Wallet: Coinbase provides a secure, self-custody wallet for users who want to store their private keys independently. This wallet supports various cryptocurrencies and allows integration with decentralized apps (dApps).
  • Earn and Staking: Coinbase allows users to earn passive income through their staking platform and its Coinbase Earn program. Users can stake supported cryptocurrencies such as Ethereum or Solana to earn up to 7% APYs, and with Coinbase Earn, they can also learn about new crypto projects and get paid in small amounts of those tokens.
  • Coinbase Commerce: It is a feature designed for merchants to accept cryptocurrency payments. It integrates with popular e-commerce platforms and allows businesses to transact in crypto without needing deep technical expertise. This tool is part of Coinbase’s strategy to bridge crypto and traditional businesses.

Binance Standout Features

While Coinbase caters better to U.S. residents, Binance focuses on offering more features for international traders. Its main features are:

  • Futures Trading: Binance offers futures trading with leverage up to 125x, allowing traders to significantly amplify their positions. It supports various futures contracts, including USD-M (settled in stablecoins like USDT) and COIN-M (settled in cryptocurrencies). However, Binance.US does not support futures trading.
  • Margin and Options Market: In addition to futures, Binance provides margin trading with up to 5x leverage on cross and isolated margin modes, allowing users to borrow funds to trade larger positions. It also supports options trading for BTC and ETH.
  • Copy Trading: Binance allows users to mirror the trading strategies of successful traders through its copy trading feature. This is particularly useful for beginners or those without time for in-depth market analysis, as they can automatically replicate the trades of experienced professionals.
  • Automated Trading Bots: Binance offers built-in tools for automated trading. Users can set trading bots to execute pre-configured strategies around the clock. It supports Grid bots, arbitrage bots, and DCA bots.
  • Launchpad: Binance Launchpad enables users to participate in initial token offerings (ITOs) of new blockchain projects. This feature is popular among investors looking to gain early access to emerging cryptocurrencies. Binance has a history of launching successful projects that later gain significant value.
  • NFT Marketplace: It provides access to a wide range of digital collectibles and art, contributing to the growing NFT ecosystem. You can buy NFTs on the BNB smart chain network or the Ethereum network.

Coinbase vs Binance: Security and Regulatory Compliance

Coinbase is regulated by U.S. authorities and complies with laws such as the Bank Secrecy Act. It holds licenses in various states, including one from the New York Department of Financial Services (NYDFS), making it one of the more heavily regulated exchanges. It is also a publicly traded company and holds 1:1 customer funds.

The Coinbase exchange provides FDIC insurance for U.S. dollar deposits up to $250,000, and 98% of users’ crypto funds are stored in cold storage, keeping them safe from potential online threats. The mobile app is also secure with Biometric access.

Coinbase security

Binance, on the other hand, operates with less regulatory oversight, especially on its global platform. Binance.US is registered with the Financial Crimes Enforcement Network (FinCEN) in the U.S. and follows local compliance requirements.

However, Binance’s international arm does not have the same level of regulatory scrutiny. Still, Binance ensures security through features like multi-factor authentication (MFA), withdrawal whitelist, and AI-driven risk management. It also has a Secure Asset Fund for Users (SAFU), which holds a reserve of $1 billion to protect users in case of extreme events.

Here is the Binance SAFU on-chain wallet address: 0x4B16c5dE96EB2117bBE5fd171E4d203624B014aa

Also, in 2019, Binance suffered a significant hack in which 7,000 Bitcoin (worth about $40 million at the time) was stolen.

Binance security

Winner: Both Binance and Coinbase are highly secure crypto exchanges with advanced safety measures such as 2FA, cold storage, and insurance funds.

Coinbase vs Binance: Supported Cryptocurrencies

Binance has a wider selection of cryptocurrencies compared to many exchanges, offering more than 400 coins for global users and around 150 for U.S. users on Binance.US. In contrast, Coinbase supports over 240 cryptocurrencies, catering primarily to mainstream traders while still offering options for niche markets.

Binance is also best for niche market participants, such as DeFi (Decentralized Finance) tokens, NFT-related tokens, and other emerging assets, making it a popular choice for those interested in cutting-edge blockchain projects. This range gives Binance a significant advantage for users looking to explore newer, specialized markets. Coinbase, though more limited in its selection, provides a simpler, more regulated platform that appeals to beginners and those focused on well-established assets

Winner: Binance supports more cryptocurrencies for trading than Coinbase (400 vs. 240).

Coinbase vs Binance: Staking

Binance offers staking for over 60 cryptocurrencies, giving you a wide range of options. In contrast, Coinbase supports a few staking coins, including Ethereum (ETH) and Solana (SOL). Binance also charges zero fees, whereas Binance.us takes a 30% commission on staking rewards.

Coinbase, on the other hand, charges a much higher commission, taking 25% from Ethereum staking rewards and 35% from Solana. This results in lower net yields for users, with Ethereum staking on Coinbase providing around 2.23% APY and Solana offering about 7.05% APY. Binance.US, the American version of Binance, offers staking for 21 cryptocurrencies. 

However, Coinbase has faced regulatory issues in certain U.S. states. Retail customers in California, New Jersey, South Carolina, and Wisconsin cannot stake new assets through Coinbase due to state restrictions. 

Beyond staking, Binance provides many other earning products, such as yield farming, dual investment, and launchpool, allowing users to maximize returns. Coinbase lacks these additional earning options, making Binance a more versatile platform for passive income.

Winner: Binance offers high-staking APY and additional passive income features compared to Coinbase.

Coinbase vs Binance: Customer Support

Many users appreciate Coinbase for its user-friendly interface and efficient transactions. For instance, a reviewer on Capterra praised the platform, stating, “I love how easy it is to navigate through all your investments & you can buy, sell & trade, it’s very simple, & you can cash out quickly, same day payouts which I love even more”.

However, account freeze and customer support have been a point of contention. Some users report difficulties in accessing timely assistance. A Reddit user shared their frustration: “I have got at least 3 tickets total. They just keep giving me the runaround and closing unresolved tickets! That’s so foul”.

Coinbase offers support through various channels, including a comprehensive help center, email support, and a support phone number. Despite these options, some users find it challenging to receive prompt and effective assistance.

About Binance, users often commend it for its extensive range of cryptocurrencies and advanced trading features. One user on G2 noted, “The customer support is also really good, once my BTC was stuck in the peer-to-peer transaction and the customer support helped me in getting that back”. Binance provides customer support through live chat, email, and a help center.

Winner: Binance offers better customer support, whereas Coinbase users face account freezing and delayed customer support responses.

Coinbase vs Binance: User Interface & Experience

When comparing Coinbase and Binance in terms of user interface, the difference is largely about simplicity versus depth.

Coinbase offers a clean, user-friendly platform for beginners. It is designed to make buying, selling, and managing cryptocurrencies straightforward for new users. The platform’s layout is minimal, with easy navigation and clear instructions, making it ideal for those just entering the world of crypto. Its mobile app reflects the same simplicity, offering a seamless experience with intuitive features for trading and tracking your portfolio.

Coinbase simple interface

Binance, on the other hand, caters more to experienced traders with its advanced and feature-rich interface. While it offers a “Lite” mode for beginners, its main dashboard is packed with complex tools like advanced charts, trading pairs, and market data that might be overwhelming for a newcomer.

However, for seasoned traders, these advanced features – such as customizable charts, multiple order types, and access to margin and futures trading – offer far more control and insights than Coinbase.

Binance customized interface

Winner: Coinbase focuses on ease of use and is excellent for new users, while Binance provides depth and customization, making it the better choice for those looking for advanced trading capabilities.

Coinbase vs Binance: Tax

Coinbase provides tax reporting tools for U.S. customers, making it easier to manage crypto taxes. If you earn more than $600 through staking or rewards, Coinbase issues Form 1099-MISC and reports it to both you and the IRS. For futures trading, Coinbase provides Form 1099-B. 

The platform also offers gain/loss reports that summarize your taxable activities. These reports can be directly imported into tax software like TurboTax. You can also download your full transaction history, including all buys and sells, which helps in filing accurate tax returns or sharing data with a tax professional.

Binance offers a Tax Reporting Tool that helps calculate tax obligations and generate necessary reports. This tool supports up to 100,000 transactions and is free to use. Binance also allows integration with third-party tax software through API keys, enabling automatic synchronization of transaction data. 

Binance.US, the version for American users, issues Form 1099-MISC for earnings over $600 from activities like staking and referrals, reporting it to both you and the IRS.

Winner: Both Coinbase and Binance provide tax reporting tools.

Conclusion

In conclusion, both Coinbase and Binance cryptocurrency exchanges have specific features that cater to different sorts of traders. Coinbase is popular for its user-friendly interface and robust security measures, making it the best crypto app for beginners.

In contrast, Binance excels in terms of advanced trading features, lower transaction costs, and a greater number of supported cryptocurrencies, making it more appealing to experienced crypto investors. Finally, the decision between the two platforms is based on personal preferences, trading techniques, and desired features.

FAQs: Binance vs Coinbase

Can US citizens use Binance?

Yes, US citizens can use Binance through the Binance.US platform, which complies with local regulations. However, the available features and supported cryptocurrencies are more limited than those on the global Binance platform. Due to regulatory scrutiny, Binance.US does not offer certain services, such as futures trading, and only supports 150 coins and tokens for trading.

Which is bigger, Coinbase or Binance?

Binance is larger than Coinbase in terms of trading volume and user base. As the world’s largest cryptocurrency exchange, Binance serves over 230 million global traders and consistently reports daily trading volumes that exceed $30 billion.

In comparison, Coinbase has around 110 million verified users and handles a significantly lower trading volume (around $10 billion per day). However, Coinbase is known for its regulatory compliance and is publicly traded, which can enhance trust for certain users.

Is Binance the best platform?

Binance is renowned for its extensive range of cryptocurrencies, low trading fees, and advanced trading features, making it an excellent choice for experienced traders.

However, some users may find its interface overwhelming. Additionally, Binance faces regulatory challenges in various regions, which can impact its reliability. You should assess your requirements and consider factors like ease of use, security, and regulatory compliance when determining if Binance is the best fit for you.

Is Coinbase better than Binance?

Coinbase may be better suited for beginners due to its user-friendly interface and emphasis on security and regulatory compliance. It provides a straightforward experience for buying, selling, and managing cryptocurrencies, which is beneficial for new users. You can also buy crypto using bank transfers, ACH, credit, and debit cards.

However, it charges high trading fees. Conversely, Binance offers a more extensive selection of trading pairs and lower fees, making it attractive to seasoned traders.

The post Coinbase vs Binance 2025: Which Exchange is Better? appeared first on NFT Evening.

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Is Crypto.com Safe? Learn about its Security Measures https://nftevening.com/is-crypto-com-safe/?utm_source=rss&utm_medium=rss&utm_campaign=is-crypto-com-safe Sun, 13 Oct 2024 06:34:52 +0000 https://nftevening.com/?p=141074 When considering trading cryptocurrency, many people are looking for reliable platforms. Crypto.com is one of the safest crypto exchanges. But, is Crypto.com safe to use? This guide explores the security

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When considering trading cryptocurrency, many people are looking for reliable platforms. Crypto.com is one of the safest crypto exchanges. But, is Crypto.com safe to use? This guide explores the security measures, the risks involved, and what users can do to protect their investments at Crypto.com.

Key Takeaways:

  • The Crypto.com exchange is highly secure with safety measures such as 2FA, cold storage, anti-phishing code, withdrawal address whitelisting, and transparent PoR data.
  • Crypto.com provides FDIC insurance for U.S. users’ fiat balances, up to $250,000.
  • They offer a HackerOne Bug Bounty program to continuously strengthen their system by encouraging responsible vulnerability reporting.
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Crypto.com Exchange Overview

Crypto.com Exchange Overview

Crypto.com, founded in 2016, has rapidly grown into one of the largest crypto exchange platforms globally, with over 100 million users. The company has positioned itself as a leader in regulatory compliance, holding licenses across multiple jurisdictions, including the UK, Singapore, and France. This broad regulatory footprint is key to its commitment to user safety and trust. 

Crypto.com’s platform supports a wide range of services, including cryptocurrency trading, staking, and payments, and has expanded into sectors such as NFTs and decentralized finance (DeFi). Its daily trading volume often exceeds billions, with the platform processing significant spot and derivatives trades. It also offers margin trading with up to 5x leverage.

Crypto.com leads in decentralized finance (DeFi) by offering you access to services like yield farming, staking, and liquidity pools. Its native token, Cronos (CRO), plays a key role in these activities. When you hold CRO, you get benefits such as earning rewards and lower trading fees. Read our full Crypto.com review for more information.

Is Crypto.com Safe: 10 Security Measures

Yes, Crypto.com is one of the best crypto exchanges that employs a wide range of security measures to safeguard your funds and personal data. Thanks to a layered approach that includes everything from offline cold storage to advanced encryption protocols. 

Here’s a detailed look at the top 10 security measures that Crypto.com uses to ensure your peace of mind:

Cold Wallet Storage

One of the most crucial aspects of Crypto.com’s security strategy is its use of cold wallet storage for the majority of user funds. Keeping cold wallets offline and disconnected from the internet makes them much less susceptible to hacking attacks. In fact, over 90% of all user funds are stored in cold wallets, a standard practice among major cryptocurrency exchanges.

Hot wallets, which are used for day-to-day crypto transactions, only hold a minimal amount of assets necessary to maintain liquidity. This division between cold and hot wallets ensures that even if the hot wallet is compromised, the impact on user assets is minimal. 

The cold wallet strategy is reinforced by multi-signature wallet protocols, which require multiple approvals from different parties before any transaction can be made from these wallets. This minimizes the risk of internal fraud or unauthorized access.

Additionally, Crypto.com’s cold wallet storage is secured in institutional-grade vaults. These vaults are located in geographically dispersed locations to reduce the risk of a single point of failure. Even in a physical attack or a natural disaster, the distributed nature of these vaults ensures your funds remain secure.

Anti-Phishing Code Set Up

Phishing attacks are a major threat in crypto, where attackers often try to impersonate official platforms to steal user credentials. To counter this, Crypto.com offers the option to set up an anti-phishing code. This is a personalized code that appears in all legitimate emails from Crypto.com, allowing you to quickly identify whether an email is from the official platform or a phishing attempt.

In addition to the anti-phishing code, the platform’s email and communication protocols are secured using the latest Transport Layer Security (TLS) encryption standards. This ensures that all communications between the platform and your email are encrypted, reducing the risk of interception.

Manage & Set Up Anti-Phishing Code

Multi-Factor Authentication (2FA)

Multi-factor authentication (MFA) is another critical layer in Crypto.com’s security framework. By requiring at least two methods of verification – such as a password and a one-time code from an authentication app – MFA significantly reduces the chances of unauthorized access to your account.

Crypto.com goes beyond the standard MFA. It supports multiple forms of verification, including SMS-based codes, app-based authenticators like Google Authenticator, and even biometric verification through fingerprints or facial recognition. This guarantees that, even if your password is breached, an intruder cannot enter your account without the additional authentication method.

It’s also important to note that MFA is required for all sensitive actions on the platform, not just login attempts. This includes withdrawals, password changes, and the modification of key account settings. For additional protection, Crypto.com mandates MFA for the activation of API keys, which are used by more advanced users to automate trading or access their accounts programmatically.

Secure Software Development Life Cycle

Crypto.com integrates security from the very beginning of its software development process through a Secure Software Development Life Cycle (SDLC). This approach involves security audits and testing at every stage of development. 

Each new feature or update is peer-reviewed, and both static and dynamic source code analysis tools are used to catch potential vulnerabilities before they can be exploited.

The SDLC process is not limited to internal teams; external security firms are also involved in auditing Crypto.com’s codebase. For example, Kudelski Security, a globally recognized firm, regularly performs third-party security assessments. This ensures that Crypto.com’s security practices are up to date with the latest industry standards.

Moreover, the platform employs real-time monitoring tools that track network traffic and application behavior for any signs of anomalous activity. Any detected anomalies are flagged and addressed immediately, further reducing the risk of zero-day exploits or emerging threats.

Withdrawal Address Whitelisting

Crypto.com has strengthened its withdrawal security by introducing address whitelisting. This feature allows users to restrict withdrawals to specific, pre-approved wallet addresses. Here’s how it works:

  • You can pre-approve specific crypto withdrawal addresses like USDT (BEP20) address or Bitcoin (BTC network) in your account settings.
  • Funds can only be withdrawn to these whitelisted addresses.
  • Adding a new withdrawal address requires email verification and has a 24-hour waiting period.

This 24-hour cooling-off period provides extra security, ensuring that even if an attacker gains access to your account, they cannot instantly withdraw funds to their own wallet.

To further secure your assets, the platform also requires email verification for every withdrawal request. This means that you must confirm all transactions via email before transferring funds, adding one more safeguard to the process.

Proof of Reserves (PoR)

Proof of Reserves (PoR) System

Crypto.com uses a Proof of Reserves (PoR) system to ensure transparency regarding the platform’s financial stability. This system lets you confirm that your assets are fully backed by the platform’s reserves, addressing any concerns about the possibility of insolvency (similar to FTX).

The Proof of Reserves process is conducted by independent auditors from the Mazars Group, who regularly check and verify Crypto.com’s assets. They publish reports to confirm that the platform holds enough assets to match all customer balances. This guarantees that your funds are backed 1:1, and you can withdraw them at any time. 

To ensure all reserves are properly accounted for, cryptographic methods are used during the auditing process, which further increases transparency. A key part of this system is the use of Merkle Trees. A Merkle Tree is a structure that organizes large amounts of data, making it easier to verify and audit. In this case, it allows you to confirm that your individual assets are included in the total reserves without revealing any sensitive account information.

Here is the current fund reserve ratio by Crypto.com:

In-Scope Asset Reserve Ratio
BTC (Bitcoin) 102%
ETH (Ethereum) 101%
USDC (USD Coin) 102%
USDT (Tether) 106%
XRP (Ripple) 101%
DOGE (Dogecoin) 101%
SHIB (Shiba Inu) 102%
LINK (Chainlink) 101%
MANA (Decentraland) 102%

(Source: Mazars Group Audit)

User Funds Stored in Custodian Bank Accounts

When you hold fiat currencies on Crypto.com, your funds are kept in regulated custodian bank accounts, adding an extra layer of protection for your non-crypto assets. If you’re a U.S. resident, your money is placed with Community Federal Savings Bank or other FDIC-insured banks

This gives you coverage of up to $250,000 per depositor in case the bank fails. However, it’s important to understand that FDIC insurance only applies to your fiat balances. It doesn’t cover losses if Crypto.com itself fails or in cases of fraud or theft.

This setup ensures that, even if Crypto.com faces financial troubles, you have fiat currency security in place. For those outside the U.S., Crypto.com works with regulated institutions in different regions to comply with local financial rules.

24/7 Customer Support

If you have any security concerns, Crypto.com offers customer support 24/7 to help you right away. Whether you’re having trouble accessing your account, notice suspicious activity, or need help setting up extra security like MFA, the support team is always there to assist.

Crypto.com’s team is trained to handle security issues quickly, making sure any threats to your account are dealt with fast. This quick support is especially helpful during stressful times, like a market crash or account lockout, when fast help can really make a difference.

Certifications and Assessments

Crypto.com is among the most certified platforms in the cryptocurrency industry. It holds certifications for ISO/IEC 27001:2022, ISO/IEC 27701:2019, and PCI DSS v4.0 Level 1, which are internationally recognized standards for information security and data privacy management.

Furthermore, Crypto.com has achieved SOC 2 Type II compliance, demonstrating that it has controls in place to protect user data and ensure privacy.

Hacker One Bug Bounty

Crypto.com runs a HackerOne Bug Bounty Program, inviting ethical hackers from all over the world to find and report any weaknesses in the platform. By offering rewards for responsible reporting, Crypto.com makes sure even small security problems are fixed quickly before they can be taken advantage of by bad actors.

Here is a table showing the rewards offered in the program:

Risk Level Rewards
Low $200 – $500
Medium $500 – $5,000
High $5,000 – $30,000
Critical $30,000 – $80,000
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How to Stay Safe While Using Crypto.com?

Although Crypto.com provides numerous security measures, here are some additional tips to avoid crypto scams and further protect your account:

  • Enable Multi-Factor Authentication (MFA): Always enable Multi-Factor Authentication (MFA) on your account. You can use an authenticator app or SMS verification to receive a one-time code whenever you log in or perform sensitive actions.
  • Use Strong, Unique Passwords: Use a strong, unique password that combines letters, numbers, and symbols. Avoid common words or easily guessable information, such as your birthdate or name. 
  • Regularly Monitor Your Account Activity: Keep an eye on your account activity by checking your transaction history regularly. If you notice anything unusual, report it to Crypto.com’s customer support immediately. 
  • Beware of Phishing Attempts: Be vigilant about phishing attempts, as scammers often try to impersonate Crypto.com through fake emails or websites. Always double-check the URL before entering your credentials, and ensure that the site is secure (look for “https://” in the address). Crypto.com will never ask you for your password via email, so be cautious of any communication that requests sensitive information.
  • Keep Your Devices Secure: Keep your operating systems, antivirus software, and applications updated to protect against malware and other vulnerabilities. Avoid using public Wi-Fi networks to access your account. If you must use a public network, consider using a Virtual Private Network (VPN) to encrypt your internet connection and protect your data.
  • Consider Hardware Wallets for Long-Term Storage: If you plan to hold large amounts of cryptocurrency for an extended period, consider using a hardware wallet for storage. Hardware wallets store your private keys offline. 
  • Use the App’s Security Features: Features like address whitelisting for withdrawals add an extra layer of security, ensuring that only approved addresses can receive your funds. You can also set withdrawal limits to reduce the risk of losing large amounts in case of unauthorized access.

Final Thought: Is Crypto.com Safe in 2024?

In a nutshell, Crypto.com has invested heavily in security, offering a range of protective measures for its users. From cold wallet storage and multi-factor authentication to high-level certifications and external audits, the platform is committed to safeguarding your funds. Additionally, with their Account Protection Program (APP), eligible users have up to $250,000 in coverage for unauthorized transactions.

The platform also engages top-tier security auditors and partners with ethical hackers to continually assess its security posture. For 2024, Crypto.com appears to be one of the more secure and transparent cryptocurrency platforms, making it a good choice for anyone looking to buy, sell, or hold digital assets.

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FAQs

Is Crypto.com App Safe?

Yes, the Crypto.com app uses best-in-class security features like MFA, biometric authentication, and HSM (Hardware Security Module) for key management. Additionally, the app is regularly updated with security patches and improvements to address any vulnerabilities.

Is Crypto.com regulated and licensed?

Crypto.com is a well-regulated crypto trading platform across several jurisdictions. It holds an Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority (FCA), which allows it to offer e-money services in compliance with local regulations. 

In Singapore, it has a Major Payment Institution (MPI) license from the MAS. The platform is also registered as a Digital Asset Service Provider (DASP) in France under the Autorité des marchés financiers (AMF). 

Additionally, Crypto.com has received regulatory approvals in countries like Australia, South Korea, and Italy, ensuring compliance with their financial and anti-money laundering (AML) standards.

Has crypto.com ever been hacked?

Crypto.com has faced security challenges, with the most notable incident occurring in January 2022. During this breach, unauthorized withdrawals affected 483 Crypto.com users, totaling 4,836.26 ETH, 443.93 BTC, and approximately US$66,200 in other cryptocurrencies. In response, Crypto.com took immediate action to enhance its security measures and protect user funds. In response, the APP restores funds up to USD$250,000 for qualified users.

Which is better, Crypto.com or Coinbase for user safety?

When comparing Crypto.com and Coinbase in terms of user safety, both platforms take strong measures to protect users. Coinbase is highly regarded for its robust security protocols, including cold storage of 98% of assets, insurance against theft, and strong two-factor authentication (2FA). It is also one of the few exchanges publicly, providing greater transparency. 

Crypto.com, on the other hand, emphasizes security through features like hardware security modules (HSMs) and has obtained ISO/IEC 27701:2019 certification for privacy and security management. Both exchanges also offer insurance coverage.

Is crypto.com safe for beginners?

Crypto.com is considered a legitimate crypto app for beginners. It provides a user-friendly interface with a range of educational resources that can help newcomers navigate the crypto space.

With regulatory licenses in key jurisdictions and an easy-to-use mobile app, it supports users from basic crypto purchases to more advanced financial tools like staking and crypto debit cards. Additionally, its compliance with international security standards provides reassurance to new users about the safety of their funds.

Can I safely withdraw money from Crypto.com to a bank account?

Yes, you can safely withdraw money from Crypto.com to your bank account. The crypto exchange allows users to transfer funds by linking a bank account and initiating a withdrawal through the mobile app or web platform. The process is straightforward. The transfer time can vary depending on bank and location, usually a few hours to a couple of business days. You can also link your credit or debit card.

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BYDFi Review 2025: A Look at the Growing Crypto Exchange https://nftevening.com/bydfi-review/?utm_source=rss&utm_medium=rss&utm_campaign=bydfi-review Fri, 11 Oct 2024 12:35:12 +0000 https://nftevening.com/?p=141034 If you are looking for a crypto exchange with advanced features and easy-to-use trading tools, BYDFi might be the right choice. It is designed for both new and experienced traders.

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If you are looking for a crypto exchange with advanced features and easy-to-use trading tools, BYDFi might be the right choice. It is designed for both new and experienced traders. The platform also stands out by allowing trades without requiring KYC, giving you more privacy. In this BYDFi review, we will explore its key features, fees, and security.

What is BYDFi?

BYDFi

BYDFi, formerly known as BitYard, is a global cryptocurrency trading platform that has been serving investors since 2020. The rebranding to BYDFi in 2023 wasn’t just a cosmetic change; it represented a shift in the company’s vision and commitment to its users. 

The name BYDFi stands for “BUIDL Your Dream Finance”, incorporating the crypto community slang term “BUIDL” (a play on “build”) which encourages proactive participation in the cryptocurrency ecosystem.

The platform supports over 600 digital assets and allows you to trade with up to 200x leverage in derivatives trading. It also provides features like spot trading, P2P trading, bot trading, and perpetual futures.

BYDFi provides a welcome rewards program that allows new users to earn up to $2888 by completing certain tasks. These tasks include actions such as making a deposit, trading, and inviting friends.

BYDFi Key Features

BYDFi has many features for crypto traders:

  • Spot Trading: On BYDFi, you can trade over 600 different cryptocurrency pairs. This means you have a lot of choices when it comes to buying and selling crypto. If you’re looking for the next 100x GEM in crypto, having so many tokens for trading can be helpful.
  • Perpetual Futures: BYDFi offers over 200 perpetual futures contracts. These are split into two types: USDT-M and Coin-M. USDT-M futures use Tether (USDT) as the margin currency. This means all profits and losses are in USDT. Coin-M futures use the actual cryptocurrency as a margin. For example, in a BTC/USD Coin-M future, you’d use Bitcoin as a margin. BYDFi lets you use up to 200x leverage on these futures.
  • Automated Trading Tools: BYDFi offers several automated trading tools. These include grid trading bots for both spot and futures markets. Grid trading means when the price moves up or down, the bot automatically buys low and sells high within your set range. There’s also an Auto Investment Trading Bot. It can help you invest regularly (DCA) without having to watch the market all the time.
  • Demo Trading: If you’re new to trading or want to try out a new strategy, BYDFi gives you a demo account with 100,000 USDT. This is a virtual fund that you can use to practice trading without any risk. It’s a great way to learn how the platform works before you use real money.
  • Buying Crypto with Credit Cards: If you’re new to crypto, the platform makes it easy by letting you buy crypto with a credit card. This can be a quick way to get your first crypto using fiat currencies.

BYDFi Fees

Fees are an important part of choosing a crypto exchange. Nobody wants to pay more than they have to. Here’s how BYDFi’s fees stack up:

Types Fees
Spot Trading maker 0% / taker 0.3%
Perpetual Futures Trading 0.02% maker and 0.06% taker
Instant Crypto-to-Crypto Convert 0.1% – 0.15%.
Leveraged Tokens 0.2% (+ 0.03% management fees)
Funding Fees Up to 0.01% (every 8 hours)
Deposit Fees 0%
Withdrawal Fees Only network gas fees
  • For spot trading, the standard fee is between 0.1% – 0.3%. This is lower than many popular crypto exchanges like Coinbase. Also, if you’re a “maker” (someone who adds liquidity to the market), you might not have to pay any fees at all.
  • For futures trading, the maker fee is 0.02% and the taker fee is 0.06%. This is pretty competitive compared to other exchanges like Binance and Bybit.

BYDFi Trading Fees

There is also a funding fee for perpetual futures. These fees help keep the futures price close to the actual crypto price. The amount can change based on market conditions.

It’s worth noting that your fees can be lower if you’re a VIP user. The more you trade, the less you pay in fees. Check BYDFi VIP privileges here.

BYDFi Security: Is it Safe to Use?

Security is crucial in the cryptocurrency industry, and BYDFi has adopted many safeguards to secure users’ funds:

  • Cold Storage: The bulk of BYDFi’s digital assets are held in offline cold wallets, which greatly minimizes the danger of hacking.
  • Multi-Sig Approvals: BYDFi needs several parties to authorize transactions, which adds another degree of security.
  • Segregated Accounts: User digital assets are kept separate from BYDFi’s operational finances, guaranteeing that user funds are not jeopardized in the event of corporate financial difficulties.
  • Strict Withdrawal Whitelisting: Cold storage withdrawals are limited to pre-approved (whitelisted) addresses.
  • No hacking incidents: As of this writing, BYDFi has not had any large security breaches or hacks, which is a good indicator in a field where such occurrences are very common.

Payment Methods

BYDFi offers various payment methods, making it simple for users to deposit funds into their trading accounts. Users can use credit cards, debit cards, and bank transfers to add money, providing flexibility in how they choose to fund their accounts. It also supports third-party payment providers such as Apple Pay, Google Pay, Banxa, Transak, and Mercuryo.

Affiliate Program and Commission

BYDFi’s affiliate program is known as one of the best in the cryptocurrency world. It offers a revenue share of up to 70% for its partners, making it a top choice compared to other exchanges. One major benefit is that commissions are paid out in real-time, which means affiliates can get their earnings quickly.

The program allows affiliates to create up to 100 different referral links. This feature helps them target specific audiences and track how well their links perform. It is especially useful for influencers, content creators, and marketers who want to reach different groups through platforms like YouTube, Facebook, and Telegram. Additionally, BYDFi has a sub-affiliate system, where partners earn an extra 10% from the commissions of affiliates they recruit.

BYDFi Customer Service

Good customer support can make a big difference when you’re trading crypto. BYDFi offers support around the clock. You can reach out to them any time of day or night through live chat or email (cs@bydfi.com).

BYDFi also supports multiple languages. This is great if English isn’t your first language. You can get help in your own language, which can make solving problems much easier.

One thing that sets BYDFi apart is its focus on education. The BYDFi blog helps you learn different aspects of crypto trading. This can be really helpful if you’re just starting out or if you want to learn about new trading strategies.

BYDFi Customer Service

BYDFi Available Countries and KYC

BYDFi is a global platform, serving users from most countries without requiring a VPN. It is currently not available in China, Pakistan, Bangladesh, Kazakhstan, the United Kingdom, and Iran.

Also, BYDFi allows deposits, withdrawals, and trading without KYC (Know Your Customer) verification in many countries. This feature makes it a popular no-KYC crypto exchange that focuses on privacy and anonymity. However, KYC can still be necessary for higher withdrawal limits or certain features.

The daily withdrawal limit will vary depending on whether KYC is completed or not. Unverified users can withdraw up to 1.5 BTC per day, whereas KYC-verified users can withdraw up to 6 BTC per day.

BYDFi Available Countries and KYC

User Experience

BYDFi offers a great user experience with its easy-to-use platform and helpful features. The exchange is suitable for both new and experienced traders, making it simple for anyone to start trading cryptocurrencies.

New users find the registration process quick and straightforward and provides various trading options, such as spot trading and perpetual contracts. It also offers a demo account, which is valuable for practicing trading without any risk.

The mobile app adds convenience, allowing traders to check the market and make trades while on the go. BYDFi also has strong customer support, providing real-time help through live chat​.

BYDFi Competitors

BYDFi Coinbase Kraken Binance Crypto.com
Spot Fees 0.1 – 0.3% maker/taker 0.4% maker and 0.6% % 0.25% maker and 0.4% taker 0.1% maker/taker 0.15% maker and 0.3% taker
Trading Pairs 600+ 240+ 200+ 400+ 350+
Derivatives √ (limited)
Maximum Leverage 200x 10x 50x 125x 100x
Derivatives available in English Region × x
Free Demo Trading x x
Deposit and Withdraw without KYC × × × ×
Trade without KYC × × × ×

Is BYDFi Worth It?

Yes, BYDFi is a great choice for anyone looking to trade cryptocurrencies. It stands out among other exchanges because of its easy-to-use interface, low fees, and a variety of advanced trading features. With over 600 trading pairs available, you can easily diversify your portfolio. The platform also offers unique options like copy trading, which lets you follow successful traders, helping you learn and improve your trading skills.

The platform’s no KYC requirements make it more accessible, allowing you to trade with fewer barriers. In addition, BYDFi has a solid support system, with 24/7 customer service ready to help you with any questions or problems​. 

So, if you want a platform that offers advanced trading tools, lucrative sign-up rewards for new users, and a secure trading environment, BYDFi is definitely worth considering.

Final Thoughts

To wrap up this BYDFi review, it offers a wide range of trading options, from simple spot trading to high-leverage futures contracts. Its fees are competitive, and in many cases, lower than those of major competitors. One of BYDFi’s standout features is its accessibility. In many countries, users can start trading quickly without going through a lengthy KYC process. This, combined with its user-friendly interface and educational resources, makes it an attractive option for newcomers to the crypto world.

However, BYDFi isn’t just for beginners. Its advanced features like high-leverage trading and automated trading bots can appeal to experienced traders as well. The VIP system, which offers reduced fees for high-volume traders, adds another layer of appeal for advanced traders. Overall, it is the best crypto exchange for both beginners and experienced crypto investors.

The post BYDFi Review 2025: A Look at the Growing Crypto Exchange appeared first on NFT Evening.

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Gate.io Referral Code 2025: VLEWAV0NVQ ($6666 Sign-Up Bonus) https://nftevening.com/gate-io-referral-code/?utm_source=rss&utm_medium=rss&utm_campaign=gate-io-referral-code Thu, 10 Oct 2024 04:40:26 +0000 https://nftevening.com/?p=140967 Gate.io is a leading crypto exchange and trading platform that offers new users a sign-up bonus when they register with the invite code. In this guide, we’ll explore how to

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Gate.io is a leading crypto exchange and trading platform that offers new users a sign-up bonus when they register with the invite code. In this guide, we’ll explore how to use the Gate.io referral code “VLEWAV0NVQ” to unlock exciting rewards. We will walk you through the steps to claim these welcome bonuses and explain how the referral program works. You’ll also learn how to earn a referral bonus by inviting others to trade.

Gate.io

Promotion

Get $6666 Welcome Rewards NOW

Deposit & Start Trading Today on Gate.io

Code Valid: May 2025

What is Gate.io Referral Code?

Crypto Exchange Gate.io
Referral Code VLEWAV0NVQ
Sign-up Bonus $6,666 welcome bonus
Trading Fee Rebate Flat 30%
KYC Mandatory Yes

The Gate.io referral code “VLEWAV0NVQ is a special promo code designed for new users who want to benefit from the platform’s generous $6,666 sign-up bonus. By entering this invite code during the sign-up process, you become eligible for multiple rewards, including trading fee discounts, deposit bonuses, and special trading vouchers.

Gate.io Sign-up Bonus & Referral Benefits

When you sign up using the Gate.io referral code “VLEWAV0NVQ”, you unlock a range of bonuses tailored to boost your initial trading experience. Below is a breakdown of the referral rewards and how you can claim them:

  • $20 for Completing Identity Verification: After signing up and completing the KYC (Know Your Customer) identity verification process, you will receive a $20 reward. This is a one-time bonus provided to encourage new users to complete the necessary security measures on the platform.
  • $18 USDT Futures Voucher on First Deposit: When you make your first deposit of at least 20 USDT or equivalent, you will receive an $18 USDT Futures Voucher. This can be used to begin trading on Gate.io’s futures market, providing an opportunity to explore leveraged trading.
  • Win Up to $6,628 in Sign-Up Bonus: In addition to the initial rewards, Gate.io offers you the chance to win up to $6,628 in bonuses through various promotions tied to your trading volume. This includes rewards for both spot and futures trading, which we’ll discuss in more detail below.
Trading Volume Requirement Reward (Referral Bonus)
$500 Spot Volume $10
$20,500 Spot Volume $300
$5,020,500 Spot Volume $3,000
$6,000 Futures Volume $18
$126,000 Futures Volume $300
$10,126,000 Futures Volume $3,000

Gate.io Sign-up Bonus

Gate.io Referral Bonus Terms & Conditions

  • The Gate.io referral code “VLEWAV0NVQ” and associated bonuses are valid only for new users. Existing users cannot apply this code or claim sign-up bonuses.
  • New users who complete identity verification (KYC) within 15 days of signup can earn either $20 Points (valid for 1 day) or a $20 Futures Trading Fee Rebate Voucher (10% rebate rate, valid for 1 day after manual activation). The rewards are distributed randomly and can be viewed in the Rewards Hub under “My Rewards”.
  • The deposit bonus voucher must be activated within 3 days of being credited and is valid for 3 days after activation. Deposits made via P2P trade, third-party purchases, quick buys, fiat currency, and on-chain transfers count towards this reward. However, deposits made with gift coins or trial funds are excluded.
  • During the first 15 days after signing up, users can participate in beginner tasks.

You can visit the “Rewards Hub” page for more information.

Gate.io

Promotion

Get $6666 Welcome Rewards NOW

Deposit & Start Trading Today on Gate.io

Code Valid: May 2025

How to Use Gate.io Referral Code?

If you’re new, here’s a detailed step-by-step guide to using the Gate.io referral code “VLEWAV0NVQ” and claiming your bonuses. By following these steps carefully, you can unlock various rewards, including a sign-up bonus of up to $6,666.

Step 1: Register an account with a referral ID “VLEWAV0NVQ”

To get started, visit the official Gate.io website and click on the “Sign Up” button, which is located at the top right corner of the homepage. This will lead you to the registration page where you can create a new Gate account by entering your email, setting a strong password, and agreeing to the platform’s terms and conditions

During the registration process, there will be a field for entering a referral code. Input the Gate.io referral code “VLEWAV0NVQ” to ensure that you qualify for the sign-up bonuses and referral rewards.

Register an account with a referral ID

Step 2: Complete identity verification

After successfully registering, the next essential step is to complete the identity verification process, commonly known as KYC (Know Your Customer). Go to the profile sections and choose “Individual/Entity Verification”. 

The KYC process involves submitting a valid form of identification, such as a passport, national ID, or driver’s license. Ensure that the documents you submit are clear and up-to-date to avoid any processing delays.

Once verified, you will unlock your first reward: either $20 Points or a $20 Futures Trading Fee Rebate Voucher (with a 10% rebate rate). The type of reward is randomly distributed, and both options are valid for one day.

Complete identity verification

Step 3: Deposit funds

Once your identity has been verified, you can proceed to deposit funds into your Gate.io account. To do this, visit the “Assets” section and select the “Deposit” option. 

To qualify for the 18 USDT Futures Voucher, you need to deposit a minimum of 20 USDT or an equivalent amount in another supported cryptocurrency. 

Gate.io offers several deposit methods, including P2P trading, quick buying with fiat currencies, on-chain deposits, and fiat transfers through supported gateways like MoonPay, Banxa, and Simplex. However, deposits made using gift coins or trial funds do not count toward the bonus eligibility.

On the deposit page, you will see a variety of cryptocurrency options. You can choose the cryptocurrency you wish to deposit by either scrolling through the list or using the search bar to quickly find the coin. For example, if you want to deposit USDT, select it from the list.

After selecting the cryptocurrency, Gate.io will show you the deposit address and the network options available for that particular coin. Pay close attention to the network you choose—common options for USDT might include ERC-20, TRC-20, or BEP-20—as sending funds via the wrong network could result in loss of assets.

Deposit funds

Step 4: Start trading crypto

With your funds now available in your Gate.io account, you are ready to begin crypto trading. To access the trading interface, hover over the “Trade” section at the top of the homepage and select either “Spot” or “Futures”, depending on which market you want to trade in. For example, if you want to trade BTC/USDT, simply select it from the pair options.

Once you’ve selected your trading pair, the order book and price chart will be displayed. You can choose to place a limit order (where you set your desired price) or a market order (where the trade executes at the current market price). After setting the amount of cryptocurrency you want to buy or sell, click “Buy” or “Sell” to execute the trade.

Start Trading Crypto

Step 5: Claim Gate.io sign-up bonus

Once you have met the trading volume requirements, Gate.io will automatically credit the corresponding rewards to your account. You can find these rewards under the section titled “Rewards Hub”. 

Additionally, Gate.io will send you notifications when your bonuses are credited, so it’s important to regularly check your account for updates. Some rewards, such as Futures Vouchers, need to be activated within a certain time frame—usually within 3 days of being credited—after which they are valid for an additional three days. Bonuses like Points and Futures Fee Rebates may also have short validity periods, so it’s crucial to use them before they expire.

Claim Rewards Hub

Gate.io Referral and Affiliate Program

With the Gate.io Referral Program, you can easily earn commissions by inviting your friends to join the platform. When they sign up using your referral link, you can get up to 40% commission from their trading fees. The more your friends trade, the more you earn. It’s a simple way to make passive income while helping others get started in crypto.

The Affiliate Program is even more rewarding for those looking to take things further. As an affiliate, you can earn up to 80% commission on both spot and futures trading fees. This is ideal if you have a larger network or a platform to promote Gate.io. Affiliates can create tailored campaigns, track performance, and receive higher rewards based on their efforts.

About Gate.io Exchange

Gate.io Exchange Introduction

Gate.io is the best cryptocurrency exchange that has been operating since 2013. One of its most attractive features is the vast selection of cryptocurrencies it offers—more than 2,500. This includes well-known assets like Bitcoin and Ethereum, as well as a wide variety of altcoins.

The platform is also known for its advanced financial services. For beginners, you can engage in spot trading, and for more advanced traders, Gate.io offers futures trading with leverage of up to 125x. Additionally, margin trading is also available with leverage up to 10x, letting traders borrow funds.​ Gate.io also has its own native token, GateToken (GT)

Similar to how Binance uses BNB, GT provides several benefits for holders, such as reduced trading fees and access to exclusive events. Gate.io also is known for being a platform that hosts a leading Initial Exchange Offering (IEO), providing early access to promising blockchain projects for its users.

Beyond just trading, Gate.io offers opportunities for earning passive income. One of its features, Simple Earn, lets you earn interest on your idle crypto assets, with rates going as high as 10.52% APR. This makes it easy for users to grow their holdings without actively trading.

In terms of trading fees, Gate.io has a tiered fee structure. On the spot market, fees start at 0.1% for both makers and takers, but these can be reduced depending on your trading volume or how much GT you hold. For futures trading, the fees are even lower, starting at 0.02% for makers and 0.05% for takers

Gate.io

Promotion

Get $6666 Welcome Rewards NOW

Deposit & Start Trading Today on Gate.io

Code Valid: May 2025

Conclusion

In a nutshell, using the Gate.io referral code “VLEWAV0NVQ opens the door to a variety of bonuses and rewards for new users. From the $20 verification reward to the chance to win up to $6,666 in trading bonuses, the platform offers numerous incentives to start your trading journey. 

Additionally, the referral and affiliate programs provide ongoing opportunities to earn by inviting others to join Gate.io. Whether you’re new to cryptocurrency or an experienced trader, Gate.io’s robust platform and attractive rewards make it a compelling choice for crypto enthusiasts.

FAQs: Gate.io Invite Code

Is Gate.io safe?

Yes, Gate.io is a safe platform with strong security measures to protect your funds and personal information. The platform uses two-factor authentication (2FA), which adds extra security when logging in or making withdrawals. Most user funds are stored in cold wallets, keeping them offline and safe from hackers. Gate.io also uses SSL encryption to protect data shared on the platform.

In addition, Gate.io has a real-time monitoring system that detects suspicious activity, and it offers a withdrawal address whitelist to prevent unauthorized transactions. The platform undergoes regular security audits by third-party firms to ensure everything is up to the latest safety standards. With these security layers in place, Gate.io provides a reliable environment for trading.

How can I track my Gate.io referral rewards?

You can track your referral bonuses and rewards by logging into your Gate.io account and accessing the “Referral Program” section. There, you will find detailed information on the rewards earned from your referrals’ trading activity.

How many people can I invite with my Gate.io referral code?

There is no limit to the number of people you can invite using your referral code. The more people you refer, the more potential rewards you can earn based on their trading volume.

What are the benefits of Gate.io invite code?

Using the Gate.io invite code “VLEWAV0NVQ” offers several perks. You can get up to $6,666 in bonuses, depending on how much you trade and deposit. Plus, Gate.io offers tiered trading rewards, where you can earn $10 for trading $500 in spot markets and up to $3,000 for reaching higher volumes.

Can I use the Gate referral code if I already have an account?

No, the Gate io referral code “VLEWAV0NVQ is only valid for new users. If you already have an account, you will not be able to apply this invitation code.

What do Gate.io promo codes, coupon codes, and referral codes mean?

Promo codes, coupon codes, and referral codes on Gate.io offer various discounts, bonuses, and rewards. Referral codes allow you to invite new users to the platform and earn commissions from their trading activity. Promo and coupon codes usually offer temporary discounts or special bonuses on specific transactions.

The post Gate.io Referral Code 2025: VLEWAV0NVQ ($6666 Sign-Up Bonus) appeared first on NFT Evening.

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Gate.io Review 2025: Features, Fees, and Customer Safety https://nftevening.com/gateio-review/?utm_source=rss&utm_medium=rss&utm_campaign=gateio-review Tue, 08 Oct 2024 09:59:14 +0000 https://nftevening.com/?p=140911 If you want the best crypto exchanges for trading and investing, Gate.io might be on your radar. Launched in 2013, this platform has become a prominent player in the crypto

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If you want the best crypto exchanges for trading and investing, Gate.io might be on your radar. Launched in 2013, this platform has become a prominent player in the crypto market, known for its extensive selection of over 2,500 altcoins. This Gate.io review dives into its trading features, fee structure, user experience, and security measures to help you determine if it’s the right fit for your needs.

Gate.io

Promotion

Get $6666 Welcome Rewards NOW

Deposit & Start Trading Today on Gate.io

Code Valid: May 2025

Gate.io Review: At a Glance

Founded 2013
Headquarters Cayman Islands
Supported Cryptos 2,500+
Trading Fees 0.1% maker/taker for spot trading, 0.02% maker and 0.05% taker for futures trading
Withdrawal Fees Varies by crypto (gas fees only)
Security Features 2FA, cold storage, PoR, multi-sig wallets, security audits, and more
Mobile App Yes (iOS & Android)
Customer Support 24/7 live chat, email
KYC Requirement Yes
Leverage Up to 125x for perpetual futures contracts
Staking Options Flexible and fixed
Advanced Trading Features Copy trading, trading bots, API trading, P2P trading, and margin trading
Insurance Fund $100 million SAFU
Global Availability 100+ countries (not U.S.)
Our Overall Rating 4.3/5

What is Gate.io?

Gate.io website

Gate.io is one of the best crypto exchanges that launched in 2013. It offers you a platform to buy, sell, and trade digital assets, including Bitcoin, Ethereum, Solana, and many others. Over the years, Gate.io has grown significantly and now serves 17 million users globally.

In terms of market presence, Gate.io consistently ranks among the top 10 cryptocurrency exchanges by trading volume. It recorded a daily trading volume of over $4.95 billion, reflecting its strong liquidity and active user base. The platform operates under Gate Technology Inc. and is headquartered in the Cayman Islands

Gate.io is also committed to transparency, offering Proof of Reserves (PoR) to reassure users that their assets are fully backed. In addition, it has launched its own token, GateToken (GT), which provides users with benefits such as reduced trading fees. The platform also has an insurance fund called Gate.io SAFU, which is worth over $100 million currently.

The Gate.io exchange supports over 2,500 cryptocurrencies, making it one of the exchanges with the widest selection of altcoins. It also provides advanced trading features, such as margin trading, futures contracts, and staking services. Hence, we can say that Gate.io’s trading platform is designed for both beginner and advanced users, with a user-friendly interface and robust tools for technical analysis.

Pros

  • Access to over 2,500 digital currencies, allowing diverse trading options
  • It supports unique products like startup token sales and quantitative trading strategies
  • Multiple staking options for passive income, including flexible and locked staking
  • Advanced order types of high-volume traders
  • User-friendly mobile app for Android and iOS devices

Cons

  • Does not allow fiat currency withdrawals, making it difficult to cash out directly
  • Not available in regions like the USA due to regulatory restrictions
  • Mainly unregulated crypto trading compared to other exchanges like Binance and OKX
Gate.io

Promotion

Get $6666 Welcome Rewards NOW

Deposit & Start Trading Today on Gate.io

Code Valid: May 2025

Gate.io Fees Review

Trading Fees

Gate.io has a tiered fee structure based on users’ 30-day trading volume and their VIP level. The base trading fee for spot trading is 0.1% for both makers (those who provide liquidity) and takers (those who remove liquidity). This rate can be reduced by holding GateToken (GT) or by participating in the platform’s VIP program.

VIP Level 30-Day Trading Volume (USD) GT Rate (Maker / Taker) VIP Rate (Maker / Taker)
VIP 0 0 USD 0.09% / 0.09% 0.1% / 0.1%
VIP 1 60,000 USD 0.089% / 0.089% 0.099% / 0.099%
VIP 2 120,000 USD 0.088% / 0.088% 0.098% / 0.098%
VIP 3 240,000 USD 0.087% / 0.087% 0.097% / 0.097%
VIP 4 500,000 USD 0.086% / 0.086% 0.095% / 0.096%
VIP 5 1,000,000 USD 0.081% / 0.085% 0.09% / 0.095%

For futures trading, the taker fee starts at 0.05%, while the maker fee begins at 0.02%. Like spot trading, these fees are also reduced for VIP users. Plus, the platform offers a point system where 1 point equals 1 USDT in trading fee reduction. Points can be used in various trading scenarios, which can lead to low trading fees.

Trading fees on Gate.io

Deposit and Withdrawal Fees

Gate.io does not charge any deposit fees for cryptocurrencies, making it easier to fund your account. However, withdrawal fees differ based on the cryptocurrency being withdrawn. 

For example, withdrawing Bitcoin (BTC network) has a fee of 0.0001 BTC, while Ethereum (ERC-20) withdrawals are charged 0.002 ETH. These fees are regularly adjusted based on network conditions.

You can check out the full details of the Gate.io fee structure here.

Gate.io Key Features

Perpetual Futures Trading

Gate.io offers perpetual futures trading, a type of derivative contract that does not have an expiration date. This means you can hold a position indefinitely, unlike traditional futures contracts.

  1. USDT-Margined Contracts: These contracts use USDT (Tether) as the base currency for both margins and profits. Traders who prefer stablecoins will find this type easier to manage since the margin and profit are calculated in a stable, fiat-like cryptocurrency. Examples include BTC/USDT or ETH/USDT contracts, which are great for users who want to avoid using crypto for margin or profits.
  2. Inverse Contracts: Here, cryptocurrencies are used as both the margin and the unit for calculating profits or losses. For instance, in a BTC/USD contract, BTC is required to open a position, and profits are also paid out in BTC. This is ideal for those who already hold crypto and want to trade without converting their assets into a stablecoin.

In addition, leverage plays a big role in perpetual futures on Gate.io. Traders can borrow more than they deposit, allowing them to take larger positions. Gate.io currently supports 125x leverage for BTC and ETH contracts and 100x for lower-cap stablecoins.

Also, since perpetual contracts have no expiry, Gate.io uses funding rates to keep the contract price in line with the real market. Traders pay or receive this funding fee every 8 hours, depending on whether they hold a long or short position.

Perpetual Futures Trading

Advanced Order Types

Here’s a breakdown of the advanced order types offered by Gate.io:

  • TP/SL (Take Profit/Stop Loss): With a Take Profit order, you can lock in your gains once the price hits your desired target. Meanwhile, a Stop Loss helps limit your losses by automatically selling if the price falls to a set level. This combination is perfect for traders who want to reduce risk without having to constantly watch the market.
  • Iceberg Order: If you’re trading a large amount but don’t want to reveal the full size of your order, an Iceberg order breaks it down into smaller chunks. Only a small part of the order is visible to others at a time in the orderbook.
  • Reduce-only: This order type is all about minimizing risk. When you place a reduce-only order, it will only lower the size of your existing position. It won’t let you accidentally increase your exposure. So, if you’re in a trade and want to gradually exit, you can use reduce-only to make sure you don’t end up holding more than you intend to.
  • TWAP (Time-Weighted Average Price): TWAP is ideal when you want to spread out a large order over time, rather than executing it all at once. It helps you get an average price over a specific period, which can prevent your large order from causing sudden market swings.
  • Trailing Reversal Order: A trailing reversal order is like having an automatic strategy for catching market reversals. It follows the price as it moves, and if the market swings the other way by a set percentage, the order triggers.

Earn and Staking

Gate.io offers two types of staking options. With flexible staking, you can deposit your crypto and earn rewards, but you have the freedom to withdraw your funds at any time. This is ideal if you want to keep your funds accessible. 

On the other hand, fixed staking locks up your assets for a specific period (like 7, 14, or 30 days) in exchange for higher rewards. In flexible staking, you earn only 10-15% APY, whereas flexible staking offers over 100% APY.

Staking Coin List & APR

It also offers other crypto-earn products such as:

  • Dual Investment: It allows you to earn based on two different currencies, usually a crypto asset and a stablecoin (like BTC and USDT). Depending on the market’s movement, your payout will be in one of the two currencies.
  • Quant Fund: The Quant Fund is an automated trading tool that uses algorithms to manage your investments. This feature allows you to invest in strategies that are automatically adjusted based on market conditions. Quant funds can be designed to trade based on technical indicators or other market factors.
  • Crypto Loan: Gate.io’s crypto loan service allows users to borrow crypto by using their existing assets as collateral. If you own crypto but don’t want to sell it, you can take out a loan in stablecoins or other crypto assets, using your holdings to secure the loan. Once you repay the loan, you get your collateral back. This option is useful for those who need liquidity without wanting to sell their long-term investments.

Gate.io also offers an “Auto-Invest” feature. This is perfect for users who want to follow a dollar-cost averaging (DCA) strategy, where you invest small amounts over time instead of making large, one-time purchases. It’s a hands-off way to build your portfolio steadily.

Trading Bots

Here are the different types of crypto trading bots offered by the Gate.io exchange:

  • Spot and Futures Grid: These bots use a grid trading strategy. They place buy and sell orders at preset price intervals. The idea is to profit from market fluctuations by automatically buying low and selling high. The spot grid is suitable for long-only strategies, while the futures grid can be used in both rising and falling markets.
  • Smart Rebalance: This helps you manage a portfolio by adjusting asset ratios when prices fluctuate. You set a target allocation (e.g., 40% BTC, 60% ETH), and the bot automatically buys or sells to restore this balance. It’s perfect for those aiming to increase their holdings of specific coins rather than focusing on short-term gains.
  • Spot Martingale: This bot works well during downturns. It buys in increasing amounts as the price drops, which lowers the average purchase price. When the market rebounds, the bot sells all at once to make a profit. It’s useful for traders who believe prices will recover after a fall.
  • Spot-Futures Arbitrage: This strategy aims to profit from the price difference between spot and futures markets. The bot buys in the spot market and sells in the futures market, or vice versa.

Note: You can also create your own trading bot or copy other bots based on your trading strategy.

3 types of crypto trading bots offered by Gate.io

Copy Trading

Gate.io offers a copy trading service that allows users, especially beginners, to follow the trading strategies of more experienced traders. This feature is simple to use and beneficial for those who want to trade without extensive market knowledge. 

You can select a professional trader based on their past performance, such as their return on investment (ROI) or trading style. Once you choose a trader, the platform automatically replicates their trades in your account.

This method is time-efficient since you don’t need to actively monitor the market. You simply copy the trades of a successful trader. Gate.io’s copy trading platform tracks over $1.95 billion in value and highlights the top-performing traders on its leaderboard, making it easier to decide which trader to follow. 

Copy Trading

Deposits and Withdrawals Methods

Gate.io offers several deposit and withdrawal methods for users. For deposits, you can send cryptocurrencies to your Gate.io wallet using an on-chain deposit. Simply select a coin like Bitcoin or USDT, choose a supported network (e.g., ERC20, TRC20, or TON), and transfer it to the provided wallet address.

Fiat deposits aren’t directly supported, but you can buy crypto with a credit or debit card (Visa/Mastercard) or bank transfer via third-party services like Banxa or MoonPay, supporting currencies like USD, EUR, and GBP.

For withdrawals, you can send crypto to an external wallet via on-chain withdrawal by selecting the coin, network, and entering the recipient’s address. Again, fiat withdrawals aren’t directly supported; you must sell crypto for fiat via P2P trading or third-party services, then transfer to a bank account.

Gate.io Security: Is it Safe & Legit?

Gate.io is considered a secure and legitimate cryptocurrency exchange. The crypto exchange also employs blind IP logins to enhance user safety, a feature that helps mitigate risks following past security breaches. It uses advanced security features like multi-signature wallets, where asset transfers require multiple authorizations, which adds an extra layer of protection. It also uses cold storage for user fund storage.

For withdrawals, users must pass two levels of security checks (Google 2FA and SMS-based OTP), and any password changes lock withdrawals for 24 hours to prevent unauthorized access.

Gate.io also emphasizes transparency with its Proof of Reserves audit, ensuring users’ funds are fully backed and verifiable through third-party audits like those conducted by Armanino LLP. With these security measures in place, Gate.io has gained trust over its many years of operation since 2013.

Gate.io Hacks: Is it Trustworthy?

Gate.io has faced a few security issues. In November 2018, hackers used StatCounter, a third-party analytics tool on Gate.io’s site, to target Bitcoin withdrawals. They added malicious code to steal funds, but Gate.io removed the tool quickly after ESET researchers flagged it. No user funds were confirmed lost, and Gate.io strengthened its security. 

Crypto investigator ZachXBT claimed on X in 2022 that North Korean hackers stole $230 million from Gate.io in 2018, but they kept it secret. There’s no official proof or detailed evidence for this, so it remains unverified. Gate.io hasn’t commented directly on this accusation. 

Besides these, no major direct hacks of Gate.io’s systems have been widely reported. The exchange uses cold wallets, multi-factor authentication, and audits to stay secure. In 2021, they even refunded $2 million to users hit by a hack on a separate platform, PAID Network, showing support despite not being breached themselves.

Gate.io Account and Verification

Creating an account on Gate.io is your first step towards accessing a world of cryptocurrency trading. The process is straightforward and designed to ensure the security and integrity of the platform. Here’s how you can get started:

  1. Sign Up: Visit the Gate.io website and click on the “Sign Up” button. Enter your email address, create a strong password, and input a referral ID if you have one. Click “Sign Up” to proceed.
  2. Email Verification: Check your email for a verification link from Gate.io. Click on this link to verify your email address.
  3. Basic Verification: Log in to your new account and complete the basic verification steps by providing your name, date of birth, and country of residence.
  4. Advanced Verification: For enhanced security and higher withdrawal limits, upload a valid government-issued ID, such as a passport or driver’s license.

The verification process is typically quick, often taking just a few seconds to a few minutes. Once your verification is successful, you will receive a confirmation. You can also log in to Gate.io easily by scanning a QR code from the mobile app.

With your account set up and verification complete, you can dive into the various trading options available on Gate.io. Whether you’re interested in spot trading, futures or margin trading, the platform offers a comprehensive suite of tools to meet your trading needs.

How to Trade Crypto on Gate.io

To get started, you’ll need to deposit some funds into your account, which can be done via credit card, bank transfer, or by making an on-chain crypto deposit.

Step 1: Locate the ‘Buy Crypto’ Section

Once your Gate.io account is set up and verification is successful, head over to the Buy Crypto section. This can be found on the menu bar, typically near the platform’s logo on the website’s top left corner.

 'Buy Crypto' Section

Step 2: Select Your Payment Method

Gate.io offers various payment methods for purchasing cryptocurrencies. Options include debit card, credit card, SEPA, Google Pay, and Apple Pay. For this guide, we will use Gate.io’s Express feature, designed for a quick and seamless buying experience.

'Buy Crypto' Section

Step 3: Execute Your Purchase

After selecting your payment method, you’ll be directed to the relevant page. The Express interface is particularly user-friendly, facilitating faster crypto transactions. Choose the currency you wish to pay with, select the cryptocurrency you want to acquire, and finalize your payment details. Always double-check the exchange rate between your chosen currency and the cryptocurrency before completing the transaction.

Execute Your Purchase

Notably, Gate.io stands out by not charging deposit or buying fees, unlike many other crypto exchanges, allowing for cost-effective trading.

Gate.io Supported Cryptocurrencies

Gate.io offers one of the largest selections of cryptocurrencies on any exchange. You can trade over 2,500 different digital assets, including popular coins like Bitcoin (BTC), Ethereum (ETH), and altcoins such as Dogecoin (DOGE) and Shiba Inu (SHIB). It also lists newly launched tokens and supports various niche and DeFi projects.

Gate Token (GT)

Gate Token (GT) is the native cryptocurrency of Gate.io and its blockchain, GateChain. GT holders get trading fee discounts, VIP-level upgrades, and access to exclusive events like token sales. It’s also used to pay transaction fees on GateChain, stake for rewards, and participate in governance decisions.

GT’s total supply is capped at 300 million, with over 211 million burned, leaving about 89 million in circulation. This deflationary model, driven by Gate.io’s buyback-and-burn program, aims to increase scarcity and value. The price fluctuates with market trends and Gate.io’s performance, recently ranging around $20.

Gate Token (GT)

Is Gate.io App User-Friendly?

Gate.io’s mobile app is designed to be user-friendly. It features a clean trading interface with easy navigation, allowing you to trade and manage your assets effortlessly. 

The app supports a variety of functions, including live crypto market data, trading, staking, and more. Reviews highlight the app’s reliability and quick customer service, making it a convenient tool for managing cryptocurrency portfolios on the go. With support for iOS and Android devices, it ensures a smooth trading experience for traders worldwide.

Gate.io app

Customer Service and User Reviews

Gate.io offers responsive customer service through various channels like live chat, email, and social media. Its customer support is available 24/7, and the platform is praised for its quick responses and helpful assistance.  Many users report high satisfaction with the overall customer service experience, finding it reliable when facing issues related to trading, withdrawals, or technical glitches.

Gate.io has garnered a mix of user reviews and ratings over the years. On platforms like Trustpilot, it holds an average rating (2.8/5), indicating varied trading experiences. Additionally, Gate.io frequently runs interactive activities and offers guides to help you make the most of its features, which enhances the overall user experience. However, some feedback points to areas needing improvement, such as customer support responsiveness and the complexity of the KYC process.

Gate.io

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Gate.io vs Other Cryptocurrency Exchanges

MEXC and Binance are two of the most popular alternatives to the Gate.io crypto exchange. Here is the quick Gate.io vs MEXC and Gate.io vs Binance comparison:

Features Gate.io MEXC Binance
Launched Date 2013 2018 2017
Best for Spot and Futures Trading No-KYC altcoin trading High volume and liquidity
Solvent (PoR)
Maximum Leverage 125X 200x 125x
Web3 Ecosystem
Margin Trading
Options Trading
Supported Cryptos 2500+ 2800+ 400+
Trading Charges 0.% maker/taker 0% maker and 0.1% taker 0.1% maker/taker
US Availability Separate platform Binance US available
Native Token GT MX BNB

Final Verdict

In conclusion, this exchange review highlights a reputable and versatile global cryptocurrency exchange. With its extensive range of features, low trading fees, and robust security measures, it stands out as a strong option for both new and experienced traders.

Whether you are interested in trading Bitcoin, Ethereum, or lesser-known altcoins, Gate.io provides a comprehensive platform to meet user needs. However, it is restricted in certain countries such as the U.S., Canada, and the UK.

FAQs: Gate.io Exchange Review

Is Gate.io trustworthy?

Gate.io is considered a trustworthy cryptocurrency exchange by many in the crypto community. It has been operating since 2013 and consistently ranks among the top exchanges based on trust scores from reputable sources like CoinGecko

The platform emphasizes security, employing measures such as two-factor authentication and cold storage for most of its assets. Gate.io has also published its PoR data, which showcases its asset backing, reinforcing user confidence. However, it is not regulated by any major financial agency.

Does Gate.io require KYC?

Gate.io mandates users to complete a Know Your Customer (KYC) process to enhance security and comply with regulatory standards. The KYC procedure typically involves submitting identification documents, such as a government-issued ID, and verifying your identity.

Accounts that complete the KYC1 verification can withdraw a maximum of $2 million USDT per day, while those that successfully complete the KYC2 verification have an increased withdrawal limit of $5 million.

Is Gate.io available in the U.S.?

Gate.io is not available to users in the United States due to regulatory restrictions. However, you can still use its Web3 services in the U.S. For the U.S. traders, you can check out Coinbase or Kraken.

Which countries can use Gate.io?

Gate.io is available in 100+ countries, making it accessible to users worldwide. This exchange primarily targets regions with fewer regulatory restrictions. It is currently restricted to the United States of America, Mainland China, Canada, France, the UK, and more.

Can you transfer money from Gate.io to a bank account?

No, you cannot transfer money directly from Gate.io to a bank account. The platform does not support direct crypto-to-bank withdrawals. Instead, you are allowed to withdraw cryptocurrencies to an external wallet. 

Once the crypto is in your wallet, you can convert it into fiat currency using third-party services like MoonPay or Banxa. These services enable you to sell your cryptocurrency for fiat currencies, which can then be deposited into your bank account.

The post Gate.io Review 2025: Features, Fees, and Customer Safety appeared first on NFT Evening.

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Crypto.com Referral Code 2025: nftevening ($50 Sign-Up Bonus) https://nftevening.com/crypto-com-referral-code/?utm_source=rss&utm_medium=rss&utm_campaign=crypto-com-referral-code Tue, 08 Oct 2024 03:07:11 +0000 https://nftevening.com/?p=140900 The Crypto.com invite code helps new users get extra rewards when they join the platform. With this Crypto.com code of the day, people can easily start trading while earning welcome

The post Crypto.com Referral Code 2025: nftevening ($50 Sign-Up Bonus) appeared first on NFT Evening.

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The Crypto.com invite code helps new users get extra rewards when they join the platform. With this Crypto.com code of the day, people can easily start trading while earning welcome bonuses. 

This invitation code or promo code not only gives new users a chance to get rewards but also allows existing users to earn benefits by sharing the platform with their friends. In this guide, we will look at how the Crypto.com referral code works, how to use it, and what are the sign-up bonuses.

crypto.com

Promotion

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Code Valid: May 2025

What is Crypto.com Referral Code?

Crypto Exchange Crypto.com
Referral Code nftevening
Sign-up Bonus $50 worth of CRO tokens
Trading Fee Rebate Flat 20%
KYC Mandatory Yes

The Crypto.com referral code is a way for new users to earn extra rewards when joining the platform. For 2025, the Crypto.com invite code “nftevening” offers a $50 bonus to those who use it during the sign-up process. This bonus is credited in CRO tokens, which is the native cryptocurrency of the Crypto.com platform.

Using a referral code also benefits the person who shared it. Both the referrer and the new user can earn rewards, encouraging community growth. This system not only brings new users to the platform but also ensures that existing users are incentivized to promote Crypto.com.

Crypto.com Sign-Up Bonus and Rewards

When you use the Crypto.com referral code “nftevening”, you can unlock up to $50 in CRO rewards. However, this isn’t handed out all at once. To earn the full amount, you need to complete a series of tasks after signing up. These tasks are meant to familiarize you with the platform and ensure that you’re actively engaging with its features.

How the $50 Bonus Breaks Down:

  1. First Crypto Trade ($100 minimum): After signing up using our Crypto.com code of the day “nftevening”, you’ll need to make your first cryptocurrency trade with at least $100. Once this is done, you’ll receive $10 worth of CRO tokens. This task encourages new users to explore Crypto.com’s trading features and get accustomed to buying and selling crypto.
  2. Fiat Deposit and Crypto Trade ($50 minimum): The next step involves making a fiat deposit of at least $50. Once you’ve deposited, you must use the funds to make a crypto trade of the same amount ($50). This task unlocks $15 worth of CRO tokens. The aim here is to familiarize users with both fiat-to-crypto conversion and trading on the platform.
  3. Stake CRO for a Crypto.com Visa Card: The third task requires staking CRO to reserve a Crypto.com Visa Card at the Ruby Steel tier or higher. By completing this, you’ll earn $25 worth of CRO. Staking CRO gives you access to a variety of benefits, including cashback rewards, making it a key feature of Crypto.com.

These three tasks add up to $50 in rewards, and they must be completed within the first 30 days after sign-up. This structured approach ensures that new users become fully acquainted with the platform’s core features and services.

Crypto.com Referral Bonus Terms & Conditions

Like any promotional program, Crypto.com referral code rewards come with terms and conditions that participants must follow. These rules ensure fairness and prevent misuse of the referral program.

Key Conditions for the Referral Bonus:

  • New Users Only: The referral bonus is only available to new users who have not previously registered on Crypto.com.
  • KYC Verification: To receive the bonus, the new user must complete the Know Your Customer (KYC) verification process.
  • Task Completion within 30 Days: All tasks necessary to unlock the bonus must be completed within 30 days of signing up. This means you’ll need to trade, deposit fiat, and stake CRO within that period to qualify for the full $50 in rewards.
  • Eligible Regions: The referral bonus is only available to users in regions where Crypto.com’s referral program is active. For example, the Crypto.com referral code bonus is not available for users in the United Kingdom, Korea, and Turkey.
  • Reward Distribution: The Crypto.com referral bonus is distributed in CRO tokens, which are subject to Crypto.com exchange rates at the time of welcome bonus release.
crypto.com

Promotion

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Code Valid: May 2025

How to Use Crypto.com Referral code?

Step 1: Create a Crypto.com Account using Referral ID

To start, you need to create a new Crypto.com exchange account. The first thing you’ll want to do is either download the Crypto.com App from the App Store (for iOS users) or Google Play (for Android users). Once the app is downloaded and installed, open it and begin the account registration process.

At this point, there are two ways you can use the referral system: either via a Referral Link or by manually entering the Referral Code during sign-up. If you want to use a referral link, you can tap on that link, which will automatically take you to the sign-up page. From there, you’ll submit your email and create a password.

On the other hand, you can use Crypto.com referral code “nftevening”, you can input that directly into the app.

Create a Crypto.com Account using Referral ID

Step 2: Complete Identity Verification

Once your account is created, the next important step is completing KYC (Know Your Customer) verification. Crypto.com, like most reputable cryptocurrency platforms, requires this verification to comply with regulations and ensure the safety of its users.

The KYC process involves a few simple tasks: you’ll need to provide your phone number, confirm it via a code sent to you, and submit valid identification documents. These documents could include your passport, driver’s license, or any other government-issued ID, depending on your country of residence. 

After submitting these details, Crypto.com will review your information. Once approved, you’ll be fully verified, and your account will be ready for use.

Complete Identity Verification

Step 3: Deposit Fiat or Crypto

After verifying your identity, the next step is to deposit funds into your account. You have two options: you can either deposit fiat currency (such as USD, EUR, or GBP) or transfer existing cryptocurrency to your Crypto.com wallet. 

If you’re starting fresh and don’t already own cryptocurrency, depositing fiat is the easiest option. Crypto.com supports a variety of payment methods, including bank transfers and credit cards, depending on your location. After selecting your preferred deposit method, simply follow the instructions in the app to transfer your fiat currency into your Crypto.com account.

Depositing at least $50 worth of fiat is necessary to qualify for part of the referral bonus, so make sure you meet this threshold when funding your account.

Deposit Fiat or Crypto

Step 4: Start Crypto Trading

To qualify for the first part of the bonus, you’ll need to make a trade worth at least $100. This trade can be for any cryptocurrency available on Crypto.com, and the app offers 350+ crypto assets, from well-known coins like Bitcoin and Ethereum to lesser-known altcoins.

Trading is straightforward. Simply navigate to the “Trade” section of the app, select the cryptocurrency you wish to buy, and complete the transaction. You can also use the funds from your fiat deposit to make this trade if you haven’t transferred crypto from another platform. Remember, you also need to complete $50 worth of fiat-to-crypto conversion for an additional welcome bonus.

Start Crypto Trading

Step 5: Stake CRO and Claim Crypto.com Bonus

Once you’ve completed your first trade and deposited fiat or cryptocurrency, you’re almost done. The final task required to unlock the full bonus is staking CRO tokens for a Crypto.com Visa Card. This step unlocks an additional $25 in CRO tokens, bringing the total bonus to $50.

Crypto.com offers several Visa Card tiers, with each tier requiring a different amount of staked CRO. To qualify for the referral bonus, you’ll need to reserve at least the Ruby Steel Card, which requires a $400 worth of CRO stake. Staking CRO not only unlocks rewards but also grants you benefits like cashback and discounts on services like Spotify and Netflix, depending on the card tier you select.

Stake CRO and Claim Crypto.com Bonus

Crypto.com Referral and Affiliate Program

The Crypto.com referral program is designed for individuals who want to refer friends or family, while the affiliate program is tailored more for influencers, businesses, or those with a wider audience.

For each successful referral, your friend can receive up to $50 worth of CRO, while you can earn trading fee commissions and bonuses that could amount to as much as $2,000 in CRO over the course of 12 months. The rewards earned through the referral program will be deposited into the referrer’s CRO wallet.

Crypto.com Referral Program

On the other hand, Crypto.com’s affiliate program is geared towards individuals or organizations with a larger network or following, offering higher financial incentives for bringing in new users. For those who promote the Crypto.com App, affiliates can earn up to 1,050 USDC for every new user who signs up with their exclusive affiliate code. To qualify for the full reward, the new users must either buy or sell $500 worth of crypto within the first 30 days of registering.

Additionally, the affiliate program extends to the Crypto.com Exchange, where affiliates can earn up to 50% commissions on the referee’s net trading fees. These commissions last for the first 12 months after the new users sign up using the affiliate code. Referees themselves can benefit from the program as well, enjoying up to 20% reductions on their trading fees during that first year. There are no referral limits.

Crypto.com Affiliate Program

About Crypto.com Exchange

Crypto.com is an all-in-one cryptocurrency exchange offering a variety of advanced trading tools. It provides access to basic crypto-to-crypto trading, futures trading, margin trading, staking, DeFi wallet, NFT marketplace, and the Crypto.com Visa Card. It allows you to trade with up to 50x leverage on perpetual futures contracts and up to 5x leverage on margin trading.

Crypto.com supports 350+ cryptocurrencies, allowing you to trade, hold, and stake your assets with ease. Popular coins like BTC, ETH, and SOL are available alongside lesser-known altcoins. You can also deposit traditional currencies (fiat) and convert them into crypto. This feature is useful for users who are new to the crypto space and want an easy way to purchase their first coins.

The Crypto.com Visa Card offers cashback in CRO, which can be spent just like any other Visa card. The card comes in different tiers, each offering varying levels of cashback and perks like discounts on Netflix, Spotify, and airport lounges.

The platform uses two-factor authentication (2FA), along with other industry-standard security measures, to keep user accounts safe. It is also regulated in the United States and other multiple jurisdictions. Read our complete Crypto.com review for more information.

crypto.com

Promotion

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Conclusion

In conclusion, by using the Crypto.com exchange referral code “nftevening”, new users can unlock up to $50 in CRO tokens, with rewards tied to trading, depositing fiat, and staking CRO. This referral system creates a mutually beneficial relationship for both referrer and referee, making it easier for newcomers to engage with the platform’s features.

Additionally, the Crypto.com exchange platform offers a robust ecosystem of services, from trading to staking to spending with the Crypto.com Visa Card. If you’re new to cryptocurrency, this referral bonus is a great incentive to get started. If you’re an existing user, the referral program is an easy way to share your experience and earn additional rewards by inviting others. For more rewards, check our other guides on MEXC referral codes and Bitget referral codes.

FAQs

What is the best Crypto.com coupon code of the day?

The best referral code for Crypto.com is nftevening. By using this Crypto.com promo code, new users can unlock a $50 sign-up bonus after completing specific tasks such as depositing fiat, trading crypto, and staking CRO tokens.

How much is the referral code bonus?

The total Crypto.com referral bonus is $50, distributed in CRO tokens after the new user completes tasks like trading, depositing fiat, and staking CRO.

How can I claim my bonus?

To claim the bonus, sign up using the Crypto.com referral code nftevening, complete the KYC verification, and fulfill the required tasks (trade $100, deposit $50 worth of fiat, and stake CRO tokens) within 30 days.

Can I use multiple referral codes on Crypto.com?

No, you cannot use multiple referral codes on Crypto.com. The platform only allows one referral code to be applied during the sign-up process. Once you enter a referral code, it is locked in and cannot be changed or combined with other codes.

Do referral bonuses expire?

Yes, the tasks required to unlock the referral bonus must be completed within 30 days. If they are not completed within this period, the bonus will expire.

The post Crypto.com Referral Code 2025: nftevening ($50 Sign-Up Bonus) appeared first on NFT Evening.

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Crypto.com Review 2025: Is It a Safe & Legit Exchange? https://nftevening.com/crypto-com-review/?utm_source=rss&utm_medium=rss&utm_campaign=crypto-com-review Thu, 03 Oct 2024 08:27:52 +0000 https://nftevening.com/?p=140735 Crypto.com is recognized as one of the top cryptocurrency exchanges according to CoinMarketCap, thanks to its impressive trading volume, diverse features, and high liquidity. This trading platform provides many financial

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Crypto.com is recognized as one of the top cryptocurrency exchanges according to CoinMarketCap, thanks to its impressive trading volume, diverse features, and high liquidity. This trading platform provides many financial products, including a cryptocurrency exchange, DeFi and NFT services. In this Crypto.com review, you will learn the platform’s pros and cons, explore its various offerings, and find out whether it truly lives up to the hype.

crypto.com

Promotion

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Code Valid: May 2025

Crypto.com Review: At a glance

Founded 2016
Headquarters Singapore
Trading Features Crypto buy/sell, derivatives, margin, NFT marketplace, Crypto.com Visa card, staking, DeFi swap, and more
Fiat Currencies AUD, CAD, EUR, GBP, USD, USDC, BRL
Supported Assets Over 350 cryptocurrencies and 580 trading pairs
Native Token Cronos (CRO)
Trading Fees 0.15% for maker and 0.3% for taker fees
Leverage Up to 50x for derivatives and 5x for margin trading
Security Measures 2FA, cold storage, insurance fund, regulatory compliance, ISO/IEC 27001:2013, and more
KYC Mandatory Yes
Deposit and Withdrawal Methods Credit or Debit Card, Bank Transfer via SEPA, FPS, ACH, SWIFT, Apple Pay, Google Pay, and more third-party payment methods
Licenses FinCEN, ASIC, and other international authorities
Customer Support Email, live chat, and help center
Mobile App Both iOS and Android

What is Crypto.com?

Crypto.com Website

Crypto.com was founded in 2016 in Hong Kong and later established its headquarters in Singapore, growing into a global cryptocurrency platform offering trading, payments, and financial services. In 2021, Crypto.com made headlines by securing the naming rights to the Crypto.com Arena (formerly the Staples Center) in Los Angeles, marking one of the biggest sponsorship deals in sports history. It also gained significant mainstream attention with its high-profile marketing campaign featuring Matt Damon, promoting its slogan “Fortune Favors the Brave”.

The cryptocurrency exchange supports over 350 assets and offers multiple trading markets, including spot, margin, and crypto derivatives contracts. You can leverage up to 5x on margin trades and 50x on futures contracts. The trading platform features more than 580 trading pairs, including popular ones like BTC/USDT and ETH/CRO, enabling a wide range of transactions between various cryptocurrencies.

The exchange emphasizes security, holding the highest security certifications in the industry, such as ISO/IEC 27001:2013, and offering multi-factor authentication (MFA) and insurance on assets held in wallet storage. It also has the Crypto.com App, which has over 100 million users globally. To start trading, you must complete a registration process with KYC (Know Your Customer) verification.

Crypto.com Exchange offers competitive fees, starting at 0.15% per trade, with discounts available for high-volume traders and those staking CRO, the platform’s native token. It is also the best crypto staking platform with APYs up to 20% on crypto holdings. Available globally, it is accessible via desktop and mobile apps, making it suitable for both beginner and advanced traders.

Pros of Crypto.com

  • It supports more than 350 different digital assets for trading
  • Earn up to 20% APY on staked cryptocurrencies
  • Cold storage for 100% of user assets and has an insurance policy
  • It offers a complete ecosystem, including DeFi services, an NFT marketplace, and the ability to earn rewards
  • Crypto.com Visa cardholders can earn cashback in CRO tokens​
  • Trading bots for automated trading strategies

Cons of Crypto.com

  • Higher trading and withdrawal fees compared to exchanges like Binance and Bybit
  • Some features, such as margin trading, are unavailable to U.S. residents​
  • Lower leverage in the derivatives market compared to competitors
crypto.com

Promotion

Sign up to get US$50 worth of CRO bonus

Deposit & Start Trading Today on Crypto.com

Code Valid: May 2025

Cryptocurrencies Available on Crypto.com

Crypto.com offers about 350 cryptocurrencies and around 580 trading pairs. This range includes popular coins like BTC, ETH, and XRP, as well as stablecoins such as Tether (USDT) and USD Coin (USDC). The platform also supports many new and niche tokens.

You can find various crypto-to-stablecoin pairs, such as BTC/USDT, ETH/USDC, and XRP/USDT and crypto-to-crypto pairs, including BTC/ETH and DOT/BTC, providing flexibility for portfolio management.

For those exploring niche markets, Crypto.com offers tokens in specific sectors. This includes NFT tokens, metaverse coins for virtual worlds, and Real World Assets (RWAs) that connect traditional finance and blockchain. Plus, You can discover various DeFi tokens and tokens related to smart contracts like APT and SOL.

Crypto.com Features Review

Crypto.com App

The Crypto.com App is a mobile app available for both Android and iOS devices. It is a central tool for managing cryptocurrency. It allows you to trade all popular digital assets like BTC, SOL, MATIC, ADA, and ETH.

Purchases can be made using a linked bank account, debit, or credit card. The app also supports recurring buys, enabling you to automate cryptocurrency purchases at regular intervals.

Additional features include a fiat wallet for easy conversion between fiat currency and crypto and a price track function that helps you monitor market prices with real-time alerts. The app is also ideal for anyone looking to manage a diverse portfolio while also using crypto for payments and investments.

Crypto.com App

Derivatives and Margin Trading

For those interested in trading with advanced tools, derivatives, and margin trading are available on the Crypto.com Exchange.

Derivatives trading allows you to trade perpetual contracts with up to 50x leverage for BTC and ETH and 20x leverage for lower-cap altcoins like SOL, ADA, and CRO. Margin trading is available with up to 5x leverage. It helps you trade by borrowing funds from the cryptocurrency platform.

These tools come with high risk but can amplify returns for seasoned traders. The exchange also offers a variety of other order types, such as stop-loss, take-profit, and OCO limit orders to enhance trading strategies.

NFT Marketplace

Crypto.com NFTs are another important feature for traders. You can purchase, sell, and trade non-fungible tokens (NFTs) directly on the site.

You can find a diverse selection of digital art from well-known artists and brands. The marketplace also works with Crypto.com Pay. This means you can buy NFTs using cryptocurrencies such as CRO, Bitcoin, and Ethereum.

Additionally, NFTs can be maintained using the Crypto.com DeFi Wallet. This provides flexibility for users who participate in both the DeFi and digital art ecosystems.

Crypto.com NFT Marketplace

Crypto.com Card

The Crypto.com Visa Card offers a way to spend crypto in the real world. This prepaid card allows you to convert and spend cryptocurrency at over 60 million merchants worldwide that accept Visa.

Cashback rewards, known as CRO rebates, are offered on every purchase, with up to 5% back for users who stake CRO. The card also includes perks like airport lounge access, which scales based on the amount of CRO staked. This makes it an attractive option for those looking to seamlessly integrate cryptocurrency into their daily expenses.

The Crypto.com card comes in different forms with variable reward tiers and benefits. Check the given image below.

Crypto.com Card

DeFi Wallet

The Crypto.com DeFi Wallet is a non-custodial crypto wallet. It gives you full control over your cryptocurrency. Unlike the Crypto.com App, which manages your assets for you, the DeFi Wallet lets you hold your own private keys. This means you can securely manage your assets in a decentralized way, without relying on a central authority.

You can use the wallet for various decentralized finance (DeFi) activities like staking, swapping tokens, and lending across multiple blockchains. You can even swap tokens between different networks (cross-chain swaps), which makes managing multiple crypto assets easier.

Recently, the DeFi Wallet also added leveraged perpetual contracts. This feature lets you trade with up to 100x leverage, directly within the app.

Crypto.com Fees

Crypto.com offers competitive rates, especially for high-volume traders and those staking CRO tokens. On the exchange, trading fees begin at 0.15% maker and 0.3% taker fee per transaction, and users who stake CRO are eligible for additional savings. For the futures market, it charges 0.02% maker and 0.04% taker fees.

Here is a quick overview of Crypto.com spot trading fees for high-volume traders:

Level 30-Day Spot Trading Volume (USD) Maker Fee Taker Fee
Level 1 Less than $50,000 0.1500% 0.3000%
Level 2 $50,000 and above 0.1000% 0.2500%
Level 3 $250,000 and above 0.0800% 0.2000%
Level 4 $500,000 and above 0.0700% 0.1000%
Level 5 $1,000,000 and above 0.0650% 0.0690%
Level 6 $5,000,000 and above 0.0600% 0.0650%
Level 7 $10,000,000 and above 0.0000% 0.0500%

When transferring assets within the app ecosystem or depositing cryptocurrency, Crypto.com does not impose fees. When moving funds to external wallets, withdrawal fees do apply and they differ according to the coin and blockchain network.

For instance, the 0.0005 BTC cost for BTC withdrawals on the Bitcoin network can be high in comparison to certain other exchanges. Check the full Crypto.com fee details here.

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Crypto.com Security: Is It Safe?

In January 2022, Crypto.com experienced a security breach that resulted in the unauthorized withdrawal of approximately $35 million in Bitcoin and Ethereum from around 483 user accounts. The exchange initially described the incident as “suspicious activity” but later confirmed that hackers bypassed its two-factor authentication (2FA) security measures. In response, Crypto.com immediately paused withdrawals, required all users to reset their 2FA credentials, and implemented additional security measures, including a new multi-factor authentication system. The company later reimbursed all affected users and strengthened its security protocols to prevent future breaches, reaffirming its commitment to user protection.

Crypto.com has also taken stringent security practices to safeguard its users’ funds and data. A key component of their strategy is to keep all user digital currencies in cold storage, greatly reducing the danger of hacking.

Crypto.com also employs cutting-edge technology, such as hardware security modules (HSMs) and multi-signature keys. This means that even if one layer of security is breached, additional safeguards are in place to protect customer funds. Furthermore, the app has a $150 million insurance coverage that covers losses from theft, physical damage, and even certain third-party risks.

It also takes additional precautions with user accounts by offering two-factor authentication (2FA). The platform also incorporates real-time threat monitoring, continuously scanning for suspicious activities and potential vulnerabilities.

Is Crypto.com Legit?

On the regulatory side, Crypto.com operates under multiple international licenses. The trading platform has secured licenses and approvals in the United States, United Kingdom, Singapore, South Korea, Australia, Italy, Greece, Cyprus, Canada, Dubai, and more. In the United States, it is regulated by FinCEN (Financial Crimes Enforcement Network), and it holds licenses such as:

  • Dubai Virtual Assets Regulatory Authority
  • Electronic Money Institution (EMI) license in Europe
  • Australian Financial Services License (AFSL)
  • Class 3 VFA license by Malta Financial Services Authority (MFSA)
  • Digital Asset Service Provider in France

Customer Service and Trading Experience

The customer service is generally supportive and helpful. Support is available through email, live chat, and a help center. You can find answers to common questions in the help center. This makes it easy to solve simple issues quickly.

The trading experience on Crypto.com is also user-friendly. The app is easy to navigate. The layout is customizable and the platform offers features like spot trading and margin trading. Crypto.com also receives positive reviews from customers, with a 4.4/5 rating on the Play Store and a 4.6/5 rating on the App Store.

How to Open a Crypto.com Account

  1. Download the app and create an account: Check out the Apple App Store or Google Play Store. Download “Crypto.com” by searching for it. Select “Sign Up”. You’ll have to set a strong password and enter your email address.
  2. Complete the KYC: You now have to prove who you are. Enter your address, name, and birthdate. In addition, you must provide a selfie for verification along with an identity document, such as a passport or driver’s license.
  3. Deposit cryptocurrency or fiat currency: To fund your Crypto.com wallet, link your bank account or use a debit or credit card. Additionally, you can deposit cryptocurrency from other exchanges like OKX or Bybit.
  4. Start Trading Crypto: You can start trading cryptocurrencies as soon as your account has been funded and established. You can also explore variables like market trends and price charts to get more information before making a trade.

Watch detailed tutorial: Crypto.com Tutorial | Full Beginners Guide on How To Set Everything Up!

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Crypto.com vs. Other Crypto Exchanges

Binance, Coinbase, and Bybit are the three top alternatives to the Crypto.com exchange. Here is a quick comparison:

Feature Crypto.com Coinbase Binance Bybit
Best For Buy/sell and crypto rewards The U.S. Traders High-volume crypto traders Derivatives and day traders
Supported Coins 350+ 240+ 400+ 1200+
Trading Fees (maker/taker) 0.15%/0.3% 0.4%/0.6% (for Coinbase Pro) 0.1% 0.10%
Trading Volume Average High Very High High
Leverage Trading Yes Limited (only in select regions) Yes Yes
Maximum Leverage 50x Up to 5x 125x 100x
U.S. Availability Limited (not available in New York) Available in all states Separate Binance US platform Not available

Conclusion: Crypto.com Exchange Review

In a nutshell, this review reveals Crypto.com as a platform that stands out for its robust security features, advanced features, and user-friendly design. With support for over 350 cryptocurrencies and a commitment to regulatory compliance, Crypto.com is well-suited for both novice and experienced traders.

While there are some drawbacks, such as higher fees compared to competitors, the overall value it provides makes it a worthy consideration for anyone looking to engage in cryptocurrency trading.

FAQs

Is Crypto.com available in New York?

No, Crypto.com is not accessible in New York. It is the only state in the US where residents are unable to use the platform. The best crypto exchanges in New York are Coinbase and Gemini.

Who is Crypto.com good for?

Crypto.com is a good choice for traders who value security and regulatory compliance. The platform is licensed and offers high security for users. It is also suitable for NFT traders who want to buy and sell digital art and collectibles easily. Those interested in earning rewards can also benefit from staking.

Additionally, people who want to use cryptocurrency for daily transactions will find Crypto.com convenient, especially with the Crypto.com Visa card.

What are the benefits of CRO tokens?

CRO tokens provide several advantages for users. One main benefit is the ability to earn staking rewards, which allows holders to earn interest on their tokens.

Another advantage is that CRO tokens can be used to pay transaction fees on the Crypto.com platform, often at a lower rate than using other cryptocurrencies. Plus, users can access exclusive rewards and benefits when they hold CRO, such as higher cashback rewards on the Crypto.com Visa card. The token can also be traded on various exchanges, giving it good liquidity.

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

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Bybit vs Binance: Fees, Features, and Security Comparison https://nftevening.com/bybit-vs-binance/?utm_source=rss&utm_medium=rss&utm_campaign=bybit-vs-binance Tue, 24 Sep 2024 13:27:50 +0000 https://nftevening.com/?p=140463 Choosing between Bybit and Binance can be challenging for both new and experienced traders. These two leading and best crypto exchanges offer distinct trading features and benefits.  Bybit stands out

The post Bybit vs Binance: Fees, Features, and Security Comparison appeared first on NFT Evening.

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Choosing between Bybit and Binance can be challenging for both new and experienced traders. These two leading and best crypto exchanges offer distinct trading features and benefits. 

Bybit stands out for its focus on derivatives trading and advanced copy trading tools, while Binance shines with its high trading volume. In this guide, we will explore the key differences between Bybit vs Binance, comparing fees, trading volumes, security features, and coin offerings.

Bybit vs Binance: Quick Comparison Table

Feature Bybit Binance
Founded 2018 2017
Best for Derivatives trading High-volume spot and futures trading
Futures Market USDT, USDC, and inverse perpetuals USDC, USDT, and Coin-M perpetual contacts
Supported Cryptocurrencies 1200+ 400+
Leverage Up to 100x (on derivatives) Up to 125x (on derivatives)
Fees 0.1% (spot trading), 0.02%/0.055% (futures) 0.1% (spot trading), 0.02%/0.05% (futures)
P2P Trading Yes Yes (Extensive)
Fee Discounts Based on trading volume Discounts with BNB and VIP tiers
Withdrawal Limits $100,000 USDT/daily $8 million USDT per day
Regulatory Licenses VARA in Dubai and Cyprus Lithuania, Poland, Australia, France, and more
Security High Very High ($1 billion SAFU fund)

What is Bybit?

Bybit

Bybit is a cryptocurrency derivatives trading platform that began in 2018. It quickly became well-known for providing a wide range of trading services, including spot and leverage trading. The platform is used by millions (over 40 million) of traders worldwide and supports over 1200 different cryptocurrencies like Bitcoin and Ethereum. It allows you to buy, sell, and trade these assets easily.

Trading using leverage is Bybit’s main selling point. To trade cryptocurrencies, you can borrow money up to 100x your initial investment. Even though there are greater risks involved, advanced traders will find this particularly appealing. Bybit also provides a service called “Bybit Earn”, which allows you to earn interest from your cryptocurrency holdings without having to trade.

Bybit also provides advanced tools for security, including two-factor authentication and offline (cold) storage of digital currencies. These measures are aimed at protecting users’ funds. However, it is important to note that Bybit is restricted in some countries, including the U.S., due to regulatory issues.

Bybit Pros

  • 100x leveraged trading on popular assets like BTC and ETH
  • 1200+ supported coins and tokens
  • Competitive trading fees with discounts for high-volume traders
  • Web3 features include a wallet and in-built DeFi swap
  • Options trading supported for experienced traders

Bybit Cons

  • Not available for the U.S. citizens
  • Limited fiat deposit and withdrawal methods
  • Some newly listed assets have low liquidity

Note: You can enter our Bybit referral code “80517” below during sign-up to receive up to 30,000 USDT in starter rewards and a welcome bonus of 20 USDT.

bybit-logo-white

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What is Binance?

Binance

Binance is the best crypto exchange for providing high trading volume and liquidity. It has over 225 million registered users, showcasing its popularity among crypto users. It is also the best crypto exchange for day trading due to its high liquidity. Numerous advanced trading features, including spot trading, futures trading, margin trading, launchpad, NFT marketplace, and staking, contribute to its popularity. BNB Chain (formerly Binance smart chain) is the name of Binance’s proprietary blockchain.

It supports 40 different fiat currencies and offers services in 100+ countries. Binance also provides peer-to-peer trading options as more users choose to trade directly with each other. Binance’s passive income service, called Binance Earn, offers over 100% APY on some digital assets.

Despite facing legal and regulatory challenges in countries like the United States, Binance has continued to grow. The company invested heavily in improving its compliance measures to ensure it meets regulations worldwide. It is highly secure with a $1 billion SAFU insurance fund.

In addition to its main exchange functions, Binance has expanded into Web3 technologies. This includes launching tools like self-custodial wallets, which give users more control over their crypto assets. Check out our full Binance review for detailed information.

Binance Pros

  • Highest trading volume among the crypto exchanges
  • Zero price slippage while trading
  • 125x leverage for perpetual futures contracts
  • Copy trading and automated bots for beginners
  • Binance Pay for merchants and crypto payments

Binance Cons

  • Separate Binance.us platform for U.S. users with fewer features
  • Legal issues with multiple jurisdictions
  • Only supports popular and high-cap altcoins
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Bybit Fees vs Binance Fees

Bybit Trading Fees

The spot trading fee on Bybit for non-VIP users is set at 0.1% for both makers and takers. However, the platform provides lower fees for traders who qualify for higher VIP levels, determined by their asset holdings or trading volume over the past 30 days.

Tier Asset Value 30-Day Spot Trading Volume Maker Fees Taker Fees
VIP 0 0.1% 0.1%
VIP 1 ≥ 100K ≥ 1M 0.0675% 0.08%
VIP 2 ≥ 250K ≥ 2.5M 0.065% 0.0775%
VIP 3 ≥ 200K ≥ 5M 0.0625% 0.075%
VIP 4 ≥ 1M ≥ 10M 0.05% 0.06%

Bybit’s fiat-to-crypto trading pairs (such as USDT/EUR) have their own fee structure. For regular users, the fees begin at 0.15% for maker orders and 0.2% for taker orders. Additionally, there are trading fee rebates tied to VIP levels for these pairs.

For example, a VIP 3 user with less than $100,000 in monthly spot trading volume would be charged 0.0750% for taker orders and 0.0625% for maker orders under VIP 3 rates.

You can view the complete list of Bybit’s fees on the official site.

Similar to spot trading, Bybit’s futures trading fees are also divided into maker and taker fees. The base rates for futures trading are 0.02% for makers and 0.055% for takers. However, the exact fee a user pays is influenced by their VIP status, with those in higher tiers paying lower fees.

bybit trading fees

It’s worth noting that Bybit may also charge a settlement fee of 0.05% for all futures contracts when they expire.

In addition, Bybit charges fees for USDC options contracts. These fees are structured competitively, with the lowest rate starting at 0.02% for both maker and taker orders.

Binance Trading Fees

Similar to Bybit, Binance is one of the crypto exchanges with lowest fees. For spot trading, the standard fee is 0.10%. Users can reduce these fees by using BNB to pay, receiving a discount of around 25%. Higher VIP levels offer even lower fees.

VIP Level 30-Day Trade Volume (USD) BNB Balance Maker Fee Taker Fee
0 < 25 BNB 0.10% 0.10%
1 ≥ 1M ≥ 25 BNB 0.09% 0.10%
2 ≥ 5M ≥ 100 BNB 0.08% 0.10%
3 ≥ 20M ≥ 250 BNB 0.042% 0.06%
4 ≥ 100M ≥ 500 BNB 0.042% 0.054%
5 ≥ 150M ≥ 1000 BNB 0.036% 0.048%
6 ≥ 400M ≥ 1700 BNB 0.030% 0.042%
7 ≥ 800M ≥ 3000 BNB 0.024% 0.036%
8 ≥ 2000M ≥ 4500 BNB 0.018% 0.03%
9 ≥ 4000M ≥ 5500 BNB 0.012% 0.024%

Futures trading fees on Binance are generally lower than spot trading fees and are also tiered by VIP level. The starting fee for futures trading is 0.02% for makers and 0.05% for takers. Like spot trading, those with higher VIP status benefit from reduced fees. Check the full Binance fee structure here.

binance trading fees

In options trading, Binance typically applies a flat fee per contract. Currently, the exchange charges a fee of 0.03% of the contract’s notional value, which is competitive compared to other crypto platforms.

Winner: Bybit and Binance have similar spot trading fees for regular users. However, Binance has lower futures taker fees (0.05% vs. 0.055%) compared to Bybit. But, Bybit has lower options trading fees (0.02% vs. 0.03%).

Deposit and Withdrawal Fees

For cryptocurrency deposits, Binance and Bybit typically don’t impose deposit fees. However, fees may be incurred from the network or blockchain itself.

For withdrawal fees, Binance generally offers better rates. The exact withdrawal fee depends on the cryptocurrency being withdrawn, and Binance tends to have lower withdrawal fees for popular coins like Bitcoin and Ethereum. 

For example, Binance charges a 0.0001 BTC fee for Bitcoin withdrawals, while Bybit’s Bitcoin withdrawal fee is 0.0005 BTC, which is very high. Similarly, Binance’s withdrawal fees for Ethereum are lower than Bybit’s. However, crypto withdrawal fees can be influenced by the blockchain’s network congestion.

Winner: Both exchanges have zero deposit fees. However, Binance has lower crypto withdrawal fees than Bybit.

Bybit vs Binance: Deposit and Withdrawal Methods

Bybit and Binance both provide a large range of deposit payment options to meet the needs of various user bases. Popular payment networks like Visa and Mastercard are among these choices, along with wire transfers, Google Pay, Apple Pay, and electronic fund transfers. There are also third-party providers like Banxa, Xanpool, MoonPay, and Mercuryo.

Also, Bybit supports over 300 payment methods on its P2P marketplace, whereas Binance claims to offer over 800 different local payment methods like UPI, PayPal, or even cash.

Bybit vs Binance: Trading Features and Tools

Leverage Trading

leverage trading

Bybit and Binance are popular leverage trading platforms. Both platforms provide futures trading, allowing traders to speculate on the future price of cryptocurrencies with borrowed funds. 

Bybit offers leverage up to 100x for major cryptocurrencies and 75x for other altcoins. Binance, on the other hand, provides even higher leverage, with up to 125x for Bitcoin (BTC) and Ethereum (ETH), and 100x for lower market cap altcoins.

Both crypto exchanges offer three main types of perpetual contracts: USDT perpetuals, USDC perpetuals, and inverse perpetuals.

  1. USDT perpetuals: They use Tether (USDT) as the settlement currency. These contracts allow traders to go long or short on various cryptocurrencies while maintaining their positions in USDT. This type of contract is popular due to the stability of USDT and its widespread use in the crypto market.
  2. USDC perpetuals: Similar to USDT perpetuals, they use USD Coin (USDC) for settlement. These contracts provide an alternative stablecoin option for traders who prefer USDC over USDT. USDC perpetuals offer the same functionality as their USDT counterparts but with a different settlement currency.
  3. Inverse perpetuals: These contracts are settled in the base cryptocurrency of the pair being traded. For instance, if you are trading a BTC perpetual contract, your profits or losses will be settled in BTC. Inverse perpetuals are more appealing to traders who prefer to hold their assets in cryptocurrencies rather than stablecoins.

Bybit and Binance also offer margin trading options. In margin trading, you borrow funds to increase your potential profits. Both platforms provide two margin modes: cross-margin and isolated margin

  • Cross margin allows you to share the margin balance across all open positions. This means if one position starts to lose money, the system will automatically use the available balance from your other positions to prevent liquidation. While this can reduce the risk of liquidation, it also puts your entire portfolio at risk.
  • Isolated margin, in contrast, isolates the margin for each individual position. If the position moves against you, only the margin allocated to that particular trade is at risk. The advantage here is that even if one position is liquidated, it won’t affect your other trades. 

Both Bybit and Binance offer up to 5x leverage on margin trading for these modes. Apart from futures and margin trading, both Bybit and Binance provide access to options markets

Winner: Binance offers high leverage compared to Bybit (125x vs. 100x in the futures market).

Advanced Order Types

Bybit and Binance both offer advanced order types beyond the standard market and limit orders. Here are the Bybit order types:

  • Chase Limit Order: This order adjusts its limit price as the market price moves. It keeps your order close to the current price without needing constant updates. This way, you can follow price changes without manually changing your order.
  • Conditional Order: A conditional order executes only when certain conditions are met, like reaching a specific price. It allows you to set up predefined triggers, so you don’t need to monitor the market constantly to enter or exit a trade.
  • TWAP (Time-Weighted Average Price): TWAP divides a large order into smaller portions over time to minimize market impact. It helps you get an average price over a set period without causing sudden price changes in the market.
  • Iceberg Order: An iceberg order hides most of your order while only a small portion is visible in the order book. It allows you to place large trades without showing the full size, reducing the chance of price shifts because of large orders.
  • Scaled Order: This trading strategy allows you to divide your position among many price points. Doing this can diversify your risk and keep your order from being executed at one price point.

Bybit Advanced Orders

Binance also offers similar order types for leverage traders:

  • TWAP (Time-Weighted Average Price)
  • Scaled order
  • Conditional order
  • Trailing Stop: When the market advances in your favor, a trailing stop order automatically modifies your stop loss. This lets you hedge against unexpected declines while locking in earnings.
  • Post Only: The post-only order ensures that your order is added to the market as a maker order, meaning it adds liquidity. If it would match an existing order, it won’t execute. This helps you avoid taker fees and ensures that your order doesn’t reduce market liquidity.

Binance Advanced Orders

Trading Bots

Bybit trading bots are:

  • Spot and Futures Grid Bot: Bybit’s grid bot regularly places buy and sell orders within a predetermined price range. It takes advantage of changes in the market by purchasing low and selling high. For example, if you set the bot to trade between $10,000 and $12,000, it will continue to place trades within that range, aiming to profit from price movements.
  • DCA (Dollar-Cost Averaging) Bot: The DCA bot allows you to invest steadily over time by buying at regular intervals, which spreads your investment across different prices. This approach helps to minimize the risk of investing at a single high price. For instance, you could set the bot to purchase $100 worth of BTC weekly.
  • Futures Rebalancing Bot: This bot is designed to balance your futures portfolio by managing both long and short positions.

Bybit Trading Bots

Binance trading bots are:

  • Arbitrage Bot: Binance’s arbitrage bot looks for price differences across various markets to generate profit. It buys in one market where prices are lower and sells in another where prices are higher, capturing small but consistent gains.
  • Rebalancing Bot: The rebalancing bot on Binance automatically adjusts your asset allocation to maintain a target ratio. If one asset’s price rises and shifts your portfolio balance, the bot will sell a portion of that asset and redistribute it to maintain the desired allocation.
  • Auto-Invest Bot: It enables you to build a long-term investment strategy by making scheduled purchases. It’s a hands-off approach similar to DCA, where the bot buys crypto on a regular schedule.
  • Futures TWAP Bot: The bot helps you break large trades into smaller ones over time to get an average price. This prevents a large trade from significantly impacting the market and allows you to get a fair execution price on your orders.
  • Futures VP (Volume Participation) Bot: The VP bot executes your trades in proportion to the trading volume in the market. It adjusts your order size based on market activity, helping to align your trades with current liquidity and ensuring that your orders don’t overwhelm the market. This is available on API trading only.

Binance Trading Bots

Winner: Binance offers more trading bots than Bybit, including Arbitrage, TWAP, and Auto-Invest features.

Copy Trading

The ability to replicate the trading tactics of seasoned traders through copy trading is best for beginners. In 2021, Bybit introduced its copy trading service, which lets you mimic the trades done by more knowledgeable traders. 

Based on their past performance, you can choose traders, and once you do, your account will automatically execute each transaction they make. Bybit has a 10% profit share fee for successful trades, and you can opt out of a trader’s strategy whenever necessary.

On the other hand, Binance has recently started offering copy trading features. It is not as popular and vast as Bybit. However, through third-party API integrations or strategies, you can automate trading strategies on Binance. Binance instead focuses more on trading bots and automated tools.

Leveraged Tokens

Leveraged tokens are an innovative way to trade with leverage without the risk of liquidation. Bybit and Binance offer leveraged tokens, which are simplified tools to gain leveraged exposure to crypto without managing collateral or risking liquidation. 

These tokens typically offer 2x or 3x leverage, meaning that you can amplify your profits (or losses) by two or three times. For instance, you could buy a 3x BTC token, which increases exposure to Bitcoin’s price by threefold.

With over 20 leveraged tokens available on both exchanges, including BTCUP, BTCDOWN, and ETHUP, you can easily gain leveraged exposure to the most popular cryptocurrencies. These tokens also allow you to enjoy the benefits of leverage without worrying about margin calls.

Staking and Earn Services

In terms of earning opportunities through staking, Binance has an extensive offering, supporting more than 100 staking assets, including Ethereum 2.0, Solana, and more. 

Binance’s “Simple Earn” feature offers flexible and locked staking options, allowing you to earn interest on your crypto assets. Flexible staking offers lower yields but higher liquidity, while locked staking can provide yields of up to 20% or more, depending on the asset and duration. For example, staking Polkadot (DOT) on Binance can yield up to 14.79% annually.

Binance Staking and Earn Services

Bybit is also the best crypto staking platform, but in a more limited fashion compared to Binance. You can stake major cryptocurrencies such as Bitcoin and Ethereum and many newly listed coins and tokens. 

Bybit’s Earn products include flexible savings, DeFi staking, and dual investment, though their range of supported assets is not as extensive as Binance. Despite this, Bybit frequently offers promotional rates on popular coins, giving you a chance to earn competitive interest on your holdings.

Bybit Staking and Earn Services

NFT Marketplace

NFT markets are provided by both exchanges, but Binance’s well-established infrastructure gives it the edge. The Binance NFT Marketplace was introduced in 2021 and facilitates the purchase, sale, and creation of NFTs. Digital art, virtual real estate, and in-game items are just a few of the many NFTs that it supports. 

Binance has become a major participant in the NFT market by hosting unique collections from well-known artists. Its smooth interaction with Ethereum and the BNB Smart Chain facilitates the transfer of assets between different ecosystems.

Bybit NFTs, on the other hand, entered the marketplace slightly later. While smaller, Bybit’s NFT platform offers a curated selection of NFTs, focusing mainly on exclusive and limited-edition collections. 

Bybit’s integration is user-friendly, and like Binance, it supports the purchase and sale of NFTs through crypto wallets connected to the platform. However, the range of available assets is narrower than Binance’s.

Launchpad

The Launchpad feature on both exchanges allows you to participate in new token offerings before they are widely available. Binance’s Launchpad is renowned for its large number of successful token sales, including major projects like Axie Infinity (AXS) and Polygon (MATIC). Binance users can stake Binance Coin (BNB) to receive tokens.

Bybit’s Launchpad also offers access to new and emerging projects but on a smaller scale. Bybit allows you to stake assets like BIT or USDT to qualify for new token offerings. 

Bybit has introduced several successful projects, such as ApeX Protocol (APEX) and others, although its range is not as broad as Binance. However, Bybit’s Launchpad is well-regarded for its transparency and simplicity, making it accessible even for beginners.

Bybit vs Binance: Supported Cryptocurrencies

Binance, with its support for around 400 coins, primarily focuses on well-established tokens that have a high market capitalization. This makes it a suitable choice for those who prefer trading or investing in well-known, widely recognized cryptocurrencies. It supports trading pairs like BTC/USDT, BTC/USDC, and BTC/ETH.

On the other hand, Bybit supports an impressive selection of about 1,200 coins, including many new and emerging tokens. This platform provides coverage across various popular niches such as DeFi tokens, NFT tokens, smart contracts, metaverse, and GameFi. For users interested in exploring a broader range of cryptocurrencies and newer altcoins, Bybit offers a more diverse and expansive selection.

So, if your interest lies in trading major, high-market-cap tokens, Binance is the better option. However, if you are looking for a platform with a wide array of new and niche tokens across different sectors, Bybit stands out as the preferable choice.

Winner: Bybit supports more cryptocurrencies than Binance (1200 vs. 400 coins and tokens).

Bybit vs Binance: Security and Regulatory Compliance

Both Bybit and Binance prioritize security and put in place several safeguards to keep customers safe. To protect customer money, both exchanges use cold wallet storage and two-factor authentication (2FA). Additionally, both systems examine Proof of Reserves to make sure that client assets are backed 1:1.

Some popular security measures are:

  • 2FA
  • Withdrawal address whitelisting
  • Anti-phishing code
  • Maximum withdrawal amount restrictions
  • Passkeys
  • Fund password

Binance further enhances security with its SAFU (Secure Asset Fund for Users), a $1 billion insurance fund that compensates users in case of losses due to security breaches. Bybit, while also highly secure, lacks a similar fund. 

Additionally, Binance was once hacked in 2019 but compensated users fully. Bybit, on the other hand, has not faced any significant breaches to date.

Bybit Licenses

Here are the two Bybit regulatory licenses. It is generally operating without any license in many countries.

  • Granted an in-principal license as a Virtual Asset Service Provider in Dubai
  • Regulated by the authorities in Cyprus

Binance Licenses

Binance is highly regulated compared to Bybit and it holds multiple licenses:

  • Digital Asset Service Provider (DASP) by the Autorité des Marchés Financiers (AMF) in France
  • Virtual Asset Service Provider (VASP) registration by Legal Entities of the Republic of Lithuania
  • VASP by the Bank of Spain
  • A Category 4 license as a Crypto-Asset  Service Provider (CASP) by the Central Bank of Bahrain
  • Digital Currency Exchange (DCE) provider registration by the Australian Transaction Reports and Analysis Centre (AUSTRAC)

Check the full list of Binance licenses here.

Winner: Both exchanges have high security with multiple safety measures, but Binance is more regulated and licensed in multiple jurisdictions compared to Bybit.

Bybit vs Binance: User Experience and Interface

Both Bybit and Binance offer feature-rich platforms, though the vast array of options can overwhelm beginners. The interfaces of both platforms are quite similar, with intuitive navigation menus for sections like trading, buying crypto, derivatives, and earning. 

While both platforms are not the easiest for beginners, users report that Bybit’s interface is slightly more streamlined, particularly for derivatives trading. However, Binance’s greater range of products, such as staking, NFTs, and advanced trading options, may appeal more to experienced users.

In terms of execution speed, Bybit’s API integration is often praised for its quick data updates, which may benefit high-frequency traders. 

Winner: Both crypto trading platforms provide a comparable user experience, but Binance’s broader feature set may be slightly harder to navigate for newcomers.

Bybit and Binance: Mobile App Comparison

Both Bybit and Binance provide robust mobile apps on iOS and Android, enabling users to trade, purchase cryptocurrencies, and monitor their portfolios conveniently. 

Binance’s app is particularly popular, earning high ratings on both Google Play (4.6 stars) and the Apple App Store (4.6 stars). The app mirrors most features available on the web platform, such as staking and NFT transactions.

Similarly, Bybit’s app is also available on Android and iOS devices. It is intuitive and efficient, especially favored by traders in derivatives markets, as it offers real-time updates and essential trading tools. 

While Bybit’s app is well-suited for trading-focused users, Binance’s broader range of services, including savings and lending options, may attract those seeking additional financial products.

Bybit vs Binance: Customer Support and Service

When it comes to customer support, both platforms provide various channels such as live chat, email, and help centers with extensive FAQs. Binance offers 24/7 live support in multiple languages, which gives it an edge in terms of availability and global reach. However, user feedback suggests that Binance’s support can sometimes be slow due to the high volume of users.

Bybit, despite having a smaller user base, is known for quick and responsive customer service, especially through its live chat feature. Both exchanges also maintain active communities on platforms like Telegram and Twitter, which serve as additional support channels.

Conclusion: Which is Better?

To summarize our comparison of Bybit vs Binance, both are top performers in the cryptocurrency exchange sector. Bybit is suited for experienced traders who specialize in derivatives trading. 

Binance, on the other hand, provides a broader range of services, including NFTs, staking products, Binance Pay, and a launchpad for new projects. It is better suited for those who seek access to a wider range of financial products. 

If you want a broader selection of services and high-volume crypto trading without price slippage, Binance is the superior option. For individuals who specialize in derivatives, Bybit may be a better option.

FAQs

Is Bybit Better Than Binance?

Bybit is ideal for traders who focus on derivatives trading and leverage. It offers advanced tools and a simple interface, which makes it appealing to more experienced traders. Bybit also supports over 1200 digital assets including any new projects, which is better for portfolio diversification. It is also better in terms of a copy trading portal.

Binance, however, provides a much broader range of services and offers high trading volume and liquidity. If you are looking for an all-in-one platform with many options, Binance could be better for you. But if you are primarily a derivatives trader, Bybit might suit your needs more. Both platforms are good, but one may fit your trading style better than the other.

Which Exchange is Safer to Use, Binance or Bybit?

Binance has a more extensive security infrastructure, as it is a larger platform with more services. It uses two-factor authentication (2FA), and anti-phishing codes, and offers a Secure Asset Fund for Users (SAFU) to cover losses in case of a hack. 

Bybit also offers 2FA and has implemented cold storage for most of its users’ funds. While both platforms have solid security records, Binance has experienced security breaches in the past but compensated its users. Bybit has not faced any significant breaches to date. 

Both exchanges are generally safe, but Binance’s larger user base might make it more prone to attacks, while Bybit offers a more focused but smaller-scale security approach.

What are the Differences and Similarities Between Bybit and Binance?

Bybit and Binance differ in several ways, starting with their focus. Bybit is mainly a derivatives platform, while Binance offers better services in spot trading, staking, and savings products. About supported cryptocurrencies, Binance supports over 1200 crypto tokens, whereas Binance offers only 400 popular crypto assets.

Binance offers more financial services beyond just trading, like Binance Pay, a high-volume OTC market for institutional traders, and decentralized finance (DeFi) products. 

In terms of similarities, both platforms support futures trading, offer leverage, and have strong security features. They also provide access to mobile apps and advanced trading tools like charting software.

How Do the Fees Compare Between Bybit and Binance?

Bybit charges a flat 0.1% for spot trading and 0.02% making and 0.055% taker for futures trading with discounts available for high-volume traders. 

Binance also offers low fees, starting at 0.1% for spot trading and 0.02%/0.05% for futures, which can go lower if you hold Binance Coin (BNB) or use it to pay for fees. Binance offers tiered discounts based on trading volume, making it cheaper for high-volume traders.

Which Exchange Has Better Liquidity and Trading Volume?

According to CoinMarketCap data, Binance has far better liquidity and trade volume than Bybit. Binance is one of the world’s largest exchanges, with over $50 billion in trading activity. This means that users have a better chance of finding buyers and sellers at any time. 

Bybit, while still providing good liquidity, particularly in its derivatives market, cannot compete with Binance’s large trading volume. Its trade volume is from $10 to $15 billion each day. For individuals who trade in large sums or regularly, Binance’s strong liquidity is a significant benefit.

Which Exchange is Better for Spot Trading?

When it comes to spot trading, Binance is the clear winner. It offers high trading volume, popular coins, and has deep liquidity pools, which make it easy to trade without significant price slippage. Binance also provides multiple trading pairs, advanced charting tools, and a user-friendly interface for both beginners and experienced traders.

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Binance vs OKX 2025: Which Exchange is Right for You? https://nftevening.com/binance-vs-okx/?utm_source=rss&utm_medium=rss&utm_campaign=binance-vs-okx Sun, 22 Sep 2024 05:30:31 +0000 https://nftevening.com/?p=140398 Binance and OKX are two of the biggest names in the cryptocurrency world, both offering a wide range of services and features to facilitate every type of trader. In 2025, these

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Binance and OKX are two of the biggest names in the cryptocurrency world, both offering a wide range of services and features to facilitate every type of trader. In 2025, these platforms continue to not only dominate a major portion of the crypto exchange space, but they are actively attracting new traders. Both platforms are leading advancements within the crypto industry, including innovative features, competitive fees, and efforts in regulatory compliance that impact trader experiences and the overall market landscape. They are known for their comprehensive set of services and products, proven track record in the industry, and top-of-the-line security measures.

For every crypto trader or investor, regardless of experience level, deciding which platform suits one’s needs can be a challenging task, especially when it comes to two like Binance and OKX, both of which have their own unique strengths. This article will dig deep and compare the two exchanges, Binance vs OKX, in great detail to provide you with a comprehensive guide and help you decide which platform suits your needs better.

Comparison: Binance vs OKX

Feature Binance OKX
Launched 2017 2017
Number of Cryptos Supported 400+ 300+
Trading Volume (24h) $11,066,716,713 $1,302,948,755
Spot Trading Fees 0.1% maker & 0.1% taker 0.08% maker & 0.1% taker
Futures Trading Fees 0.02% maker & 0.05% taker 0.02% marker & 0.05% taker
Fiat Supported EUR, GBP, AUD, and 8 more USD, SAR, AUD, and 43 more
Platforms Supported Web, mobile app, desktop app Web, mobile app, desktop app
Staking and Earning Yes Yes
NFT Marketplace Yes Yes
User Protection Fund Yes No
KYC Required Yes Yes
Web3 Wallet Yes Yes

Binance Overview Binance Exchange

Founded in 2017 by Changpeng Zhao (commonly known as CZ), Binance became the largest cryptocurrency exchange in the world within less than 180 days of its launch and has maintained its spot on the top since then. Initially launched as a crypto-to-crypto trading platform, Binance quickly expanded its offerings to include a wide range of services such as spot trading, futures trading, staking, and decentralized finance (DeFi) solutions. The exchange initially started in China but moved its headquarters to other jurisdictions due to regulatory concerns, most notably setting up operations in Malta and other crypto-friendly locations.

Binance’s rise to dominance can be attributed to its user-centric approach, offering a highly scalable platform capable of processing hundreds and thousands of transactions per second. The introduction of Binance Coin (BNB), its native cryptocurrency, has also been a key factor in driving its success. BNB is used to lower trading fees on the platform, participate in token sales on Binance Launchpad, and as a medium of exchange in the Binance Smart Chain ecosystem. Binance adheres to the Virtual Financial Asset Act as part of its commitment to regulatory compliance.

Over the years, Binance has expanded its ecosystem significantly, offering a diverse range of products like Binance Academy, Binance Labs (a venture capital arm), Binance Launchpad (for token offerings), and Binance Wallet. Its commitment to innovation and adaptability has helped it maintain its position as a leader in the crypto space despite facing regulatory challenges in various countries.

With a global user base and an ever-growing list of supported cryptocurrencies, Binance remains a go-to crypto exchange for both retail and institutional investors in 2024. The platform continues to evolve, offering advanced features while maintaining an easy-to-use interface, making it accessible to users of all experience levels.

Binance Pros

  • Binance offers a massive selection of cryptocurrencies for trading, over 400+, giving more opportunities to diversify your portfolio.
  • Binance is one of the lowest fees crypto exchanges in the industry, with further discounts available through holding BNB tokens and increasing trading volume.
  • Binance has a wide range of staking and earning products, including locked staking, flexible staking, and DeFi staking for generating passive income.
  • Binance Smart Chain (BSC) is a popular blockchain with fast transactions and low fees, supporting a thriving DeFi ecosystem with projects like PancakeSwap.
  • With a large user base and global recognition, Binance is a well-established exchange. It has multi-layered security measures, including 2FA, address whitelisting, and cold storage for user funds.

Binance Cons

  • Binance’s extensive features can be overwhelming for beginners, making it less user-friendly compared to some competitors.
  • Binance operates in a decentralized manner, facing regulatory challenges in various regions, which can impact users in certain jurisdictions.
binance-logo-2

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OKX Overview

OKX Exchange

OKX, originally launched as OKEx in 2017, is one of the leading cryptocurrency exchanges in the world. It was founded by Star Xu and is a subsidiary of the OK Group, a global blockchain technology and service provider. Like Binance, OKX was established with a focus on delivering trading services to cryptocurrency users. The platform has its main headquarters in Seychelles but also has offices in Dubai, Turkey, Hong Kong, Silicon Valley, Singapore, and Australia.

OKX has built a strong reputation by offering a wide range of financial services, including spot and futures trading, staking, margin trading, and DeFi services. One of the key factors that contributed to its growth is its deep liquidity, especially in futures and perpetual swaps, making it a favorite among more experienced traders looking to engage in derivatives trading. Another standout feature of OKX is its emphasis on decentralization and Web3 capabilities. In recent years, OKX introduced its OKX Wallet, a non-custodial crypto wallet, as part of its effort to cater to the growing interest in DeFi and NFTs. This wallet allows users to manage their crypto assets across various blockchain networks, further integrating decentralized applications (DApps) and NFT marketplaces.

In 2022, the exchange rebranded from OKEx to OKX, reflecting its broader focus beyond traditional centralized exchange offerings to include more Web3, DeFi, and NFT-based products. With a commitment to innovation, OKX has introduced features like copy trading, staking, and highly customizable trading bots, making it a versatile platform for traders at different levels.

OKX has continued to expand its global presence, offering support for a vast range of cryptocurrencies and fiat pairs. As of 2024, OKX is the third-largest cryptocurrency exchange in the world by spot trading volume. The following sections will provide a detailed comparison of okx vs binance to help users decide which platform suits their needs better.

OKX Review 2024: Trading Features, Fees, and Security

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Trading Options

When evaluating cryptocurrency exchanges, one of the most critical aspects to consider is the range of trading options they offer. Both Binance and OKX are known for providing a wide variety of trading features for different levels of experience, from beginner spot traders to advanced users looking to engage in futures and margin trading. 

1. Spot Trading

Binance’s spot trading platform is one of the largest in the world, offering a vast selection of trading pairs—over 1200. Binance’s spot trading platform is highly liquid, providing traders with fast order execution and minimal slippage. It also supports advanced features like limit orders, market orders, stop-limit orders, trailing stop orders, and OCO (One Cancels the Other) orders, allowing users to manage their trades efficiently. Additionally, Binance offers a “Convert” feature for beginners, enabling them to easily swap one crypto for another without navigating the order book. It’s also important to mention that with deep liquidity pools, even large trades on Binance can be executed without significantly affecting the market price. 

OKX is also a formidable player in the spot trading space, offering over 550 trading pairs. Like Binance, OKX provides various order types, including limit, market, stop-limit, and trailing stop orders. OKX’s platform is known for its highly customizable user interface, allowing traders to personalize their trading experience by adjusting charts, technical indicators, basic and advanced trading tools to match their needs. While OKX may have a slightly smaller selection of cryptocurrencies compared to Binance, it compensates with high liquidity in its spot trading markets, particularly for popular assets like Bitcoin, Ethereum, and stablecoins. 

2. Future Trading

Binance Futures is one of the largest and most liquid futures trading platforms globally. It offers a comprehensive selection of perpetual and quarterly futures contracts for over 350 pairs. The platform provides up to 125x leverage on certain pairs, allowing traders to significantly increase their market exposure. Binance Futures also features advanced risk management tools, such as isolated and cross-margin modes, which allow traders to manage their leveraged positions with precision. The platform provides a comprehensive tutorial and mock trading environment for those new to futures trading, making it easier for beginners to understand and navigate the complexities of leveraged trading.

OKX offers perpetual swaps and futures contracts for a wide variety of cryptocurrencies, providing up to 125x leverage on certain trading pairs, similar to Binance. OKX is well-known for its deep liquidity in futures markets, particularly for major assets like Bitcoin and Ethereum. Like its competitor, OKX also provides its risk management system, which includes isolated and cross-margin options, along with a highly flexible funding mechanism for perpetual swaps. One key difference between Binance and OKX in futures trading is the user interface. While both platforms are sophisticated, OKX’s interface is often praised for its customization options, allowing traders to tweak the layout, chart settings, and data display according to their preferences.

3. P2P Trading

Binance’s P2P trading platform is one of the most popular in the cryptocurrency space, known for its wide reach and support for multiple payment methods. With Binance P2P, users can trade directly with other individuals, choosing from a variety of payment methods like bank transfers, PayPal, mobile wallets, and various other payment platforms varying geographically. The platform supports numerous fiat currencies, making it convenient for users worldwide to participate in crypto trades. Binance also allows users to post their own ads, set custom prices and terms for trades, and provide greater flexibility for those who want to buy or sell large amounts of crypto at specific rates.

OKX also provides a well-established P2P trading platform with many similar features to Binance. OKX P2P allows users to trade cryptocurrencies like Bitcoin, Ethereum, and stablecoins directly with other individuals, supporting a variety of local payment methods depending on the user’s region. Like Binance, OKX also offers an escrow service that holds funds until the transaction is completed, protecting both buyers and sellers from fraud. While Binance may have a slight edge in terms of global recognition and liquidity, OKX’s P2P platform is equally secure and provides a seamless experience for those looking to engage in direct crypto trading. 

4. Margin Trading

Margin trading is a powerful tool that allows traders to borrow funds to increase their trading position, amplifying potential gains (and losses). Both Binance and OKX offer margin trading features, making them attractive platforms for more experienced traders looking to leverage their positions.

Both platforms, Binance and OKX, allow users to choose between cross-margin and isolated-margin accounts. In cross-margin mode, the trader’s entire account balance is at risk if the position moves unfavorably, while isolated-margin mode allows traders to limit their risk by confining losses to a specific margin account. Both platforms support up to 10x leverage for certain trading pairs, providing traders with significant buying power. 

While OKX has an interest rate of up to 15%, in the case of Binance, it changes every hour based on market conditions. Moreover, both platforms offer margin calculators to enable users to estimate their potential profit or loss better.

5. OTC Trading

Over-the-counter (OTC) trading is a service designed for traders who want to execute large cryptocurrency transactions without causing significant price fluctuations in the market. OTC desks allow users to trade directly with counterparties, ensuring discretion and minimizing the impact on the open market order book. Both Binance and OKX offer OTC trading services targeted at institutional traders and high-net-worth individuals seeking privacy and liquidity for large trades.

Both exchanges allow users to execute trades directly with their respective OTC teams, offering personalized service, competitive pricing, and access to deep liquidity pools. Binance and OKX are both popular options for institutional investors, hedge funds, and high-volume traders who want to avoid slippage and market exposure associated with regular exchange trading.

Nonetheless, it’s necessary to mention that Binance has a slightly better and more established OTC trading desk, which is one of the most trusted and widely used services for large-scale transactions. It supports up to 800 different options. 

6. Copy Trading

Copy trading allows users, especially beginners or those who lack the time to develop their own strategies, to automatically replicate the trades of more experienced traders. This feature is designed to democratize access to trading success by enabling less experienced users to leverage the expertise of professionals.

Binance currently does not offer a native copy trading feature directly integrated into its main platform. However, users can access copy trading services through third-party platforms that are connected to Binance via API. These third-party services allow users to follow and copy professional traders’ strategies on Binance. The setup process typically involves connecting a Binance account to a third-party copy trading platform, selecting a trader to follow, and then automating the replication of that trader’s moves.

OKX, on the other hand, is one of the best copy trading crypto exchanges with a fully integrated copy trading feature directly on its platform, making it more accessible and easier to use. OKX’s copy trading system allows users to browse and select from a list of professional traders who publicly share their trading performance, strategies, and risk levels. Users can choose a trader based on factors like success rate, trading volume, and risk management and then automatically copy their trades in real-time. Users are required to share 8%-13% of profits made from copy trading with lead traders.

7. Automated Trading Bots

With advancements in AI and trading algorithms, automated trading bots are getting increasingly popular. These bots allow users to automate their trading strategies by executing trades based on pre-set rules and algorithms, eliminating the need for constant monitoring of the market.

Binance provides a number of native automated trading bots as well as supports third-party services like 3Commas and Cryptohopper, connected via API. These bots allow users to automate trading strategies such as grid trading, arbitrage, and dollar-cost averaging. While Binance offers extensive flexibility, it requires technical knowledge to set up the bots or connect to external platforms. Users benefit from features like customizable parameters and round-the-clock trading.

OKX is also a popular option for any crypto investor looking for a reliable exchange with a good variety of automated trading bots. Users can access pre-built strategies like grid trading and arbitrage directly from the interface, making it easier for beginners. OKX’s bots are customizable, with settings for grid range, order volume, and more. The platform is user-friendly and offers mobile support for bot trading, enabling seamless automation without requiring third-party services.

Trading Fees

When comparing cryptocurrency exchanges, trading fees play a crucial role in determining the cost-effectiveness of a platform, especially for frequent traders. 

Binance

Binance uses a tiered fee structure, with the base trading fee starting at 0.10% for spot trading. This makes Binance one of the more cost-effective crypto exchanges, especially for new or casual traders. Binance’s fee structure follows a maker-taker model, where makers (those who add liquidity by placing limit orders) often pay lower fees than takers (those who remove liquidity by executing market orders). For spot trading, both makers and takers pay 0.10% in fees at the lowest tier (VIP 0).

However, these fees can be reduced by holding a certain number of BNB tokens and increasing your monthly trading volume. Paying the trading fees using BNB also provides users with an additional 25% off of their fees. This brings the effective fee down to 0.075% for both makers and takers. For the highest tier users on Binance, the standard maker fee goes as low as 0.012%, whereas for takers, it’s 0.024%. Again, if paid using BNB tokens, these charges can be further decreased to 0.009% and 0.018%, respectively. This trading fee model makes Binance one of the best crypto exchanges with low spot trading costs. 

For futures trading, Binance’s fees are even lower. The base fee starts at 0.02% for makers and 0.05% for takers. Futures traders can also enjoy discounts by holding BNB, and the VIP system further reduces fees for high-volume traders. Binance’s low futures trading fees are one of its major selling points for more experienced traders who engage in derivatives trading regularly. The highest tier futures traders enjoy zero fees on maker orders and have to pay only 0.017% for taker orders.

OKX

OKX also uses a tiered fee structure for spot and futures trading, with fees based on trading volume and asset holdings. Like Binance, OKX operates on a maker-taker model. At the lowest tier (VIP 0), spot trading fees are set at 0.08% for makers and 0.10% for takers, which makes OKX slightly cheaper for makers but on par with Binance for takers, as far as regular users go. This exchange also offers multiple methods to reduce trading cost. Similar to Binance, OKX has a VIP tier system that offers progressively lower fees for users who meet certain trading volume thresholds. 

To achieve the highest tier, i.e., VIP 8, the user must have a trading volume of more than $5,000,000,000 in the past 30 days. Traders in this tier don’t have to pay any maker fees, rather, for every order that adds liquidity, they receive a rebate of 0.005%. As for takers, they have to pay a small fee of only 0.015%.

When it comes to futures trading, the standard charges for using OKX are the same as Binance, i.e., 0.02% for makers and 0.05% for takers. However, just like spot trading, OKX futures traders can also reduce these charges by reaching higher tiers. But to reach the maximum futures trading tier, users are required to have a much larger $20,000,000,000 monthly trading volume, which then offers -0.005% and 0.015% fees for makers and takers, respectively. 

Staking and Earning

Over the recent few years, users have come to expect additional earning and passive income opportunities from the crypto exchange of their choice. As a result, staking and earning rewards have become essential features for cryptocurrency investors looking to maximize their holdings. Being two of the biggest platforms in the market as well as having an extensive Web3 ecosystem, both Binance and OKX offer a variety of staking and earning options.

Binance

Binance offers a comprehensive array of earning opportunities, ranging from traditional staking to more advanced yield-generating options. One of the key features of Binance’s ecosystem is Locked Staking, where users can lock up their crypto holdings for a fixed period (ranging from 7 to 120 days or more) in exchange for attractive rewards. Binance supports a wide variety of cryptocurrencies for staking, including Ethereum, Solana, Polkadot, and Cardano, giving users the flexibility to choose based on their portfolios. In addition, the exchange offers Flexible Staking for users who prefer more liquidity. With flexible staking, users can stake assets while still retaining the ability to withdraw their funds at any time, albeit often with slightly lower reward rates compared to locked staking.

Another popular option on Binance is Binance Earn, which combines various yield-generating products into a single platform. Users can explore features like DeFi Staking, Savings Accounts, and Dual Investment – a product designed to generate returns from volatile assets through options trading. Binance Earn is user-friendly and provides detailed information on potential yields and risks, making it suitable for both beginners and experienced investors.

OKX

The staking and earning platform offered by OKX is also quite extensive and provides several options for users to generate passive income from their crypto holdings. One of the standout features of OKX is OKX Earn, which aggregates various earning opportunities, including staking, savings, and lending products, similar to Binance Earn. 

Moreover, OKX also provides both Flexible Staking and Locked Staking options, allowing users to choose based on their liquidity needs. OKX’s staking products support a wide range of cryptocurrencies, including popular assets like Bitcoin and Ethereum, along with several altcoins. The staking interface is simple and user-friendly, providing transparent information on lock-up periods, expected yields, and redemption times. 

One key focus by the OKX exchange in this area is DeFi Yield Farming. Through OKX Earn, users can participate in DeFi protocols to earn high yields by lending or providing liquidity to various DeFi platforms. This feature is integrated seamlessly within the OKX ecosystem, allowing users to interact with DApps without leaving the platform.

For new users to the platform, OKX also offers a program called Savings Starter through which users can earn up to 30% APR for 3 days. It’s available for eligible first-time Earn users and can be subscribed only once. The crypto tokens supported in this program include USDT, BTC, and ETH. 

DeFi Ecosystem and Web3 Wallet

Both Binance and OKX are deeply involved in the DeFi and Web3 space, offering users blockchain solutions and wallets that allow them to interact with DApps, manage assets, and explore the growing decentralized internet. Each platform has developed its own blockchain ecosystem, enabling users to participate in DeFi activities, staking, liquidity provision, and more.

Binance

Binance Smart Chain (BSC), now rebranded as BNB Chain is Binance’s native blockchain designed to facilitate smart contracts and decentralized applications. It is highly scalable, supporting fast transactions at lower fees compared to Ethereum, which has made it one of the most popular chains for DeFi projects. As a result, BNB has become the fourth-largest cryptocurrency project in terms of trading volume. It is home to popular DeFi projects like PancakeSwap, Venus, and Beefy Finance. PancakeSwap is one of the largest decentralized exchanges (DEX) and is built on the Binance Smart Chain (BSC). The DEX is known for its low fees, fast transactions, and user-friendly interface. Launched in 2020, it offers services like swapping tokens, yield farming, and staking through liquidity pools. 

Furthermore, Binance allows users to engage in decentralized staking, lending, and yield farming directly through the main platform, but users can also access these services externally via their Web3-compatible wallet. Binance provides its own non-custodial wallet called Trust Wallet, which is widely integrated with BNB Chain and Ethereum, allowing users to manage multiple assets across 100+ blockchain networks.

Trust Wallet is easy to use and supports a wide range of DApps, making it a central tool for users interacting with the Binance ecosystem. Through Trust Wallet, users can access decentralized exchanges, staking pools, and NFT marketplaces. Binance also integrates Web3 features into its ecosystem, allowing seamless access to DeFi services directly from the Binance app through  the Binance Earn DeFi staking feature, simplifying user engagement with decentralized protocols.

OKX

OKX’s native blockchain, OKT Chain (OKTC), while offering lower transaction fees and faster speeds similar to Binance’s BNB Chain, is significantly smaller in terms of ecosystem and user base. Built on Cosmos, OKTC is EVM-compatible (Ethereum Virtual Machine), allowing developers to easily migrate and deploy Ethereum-based DApps on the OKX blockchain. While BNB Chain is one of the most popular and widely used blockchain networks, OKTC has a much smaller network of DApps and a far lower user engagement, making it less prominent in the DeFi landscape.

OKX offers its users a native Web3 wallet that is non-custodial and fully integrated with the OKX ecosystem. The OKX Wallet supports multi-chain capabilities, meaning users can manage assets across 80+ blockchains, including Ethereum, BNB Chain, Solana, and Polygon, among others. The wallet is built into the OKX app, allowing users to easily switch between centralized trading and decentralized finance, creating a seamless user experience. OKX’s wallet is well-suited for DeFi users, offering direct access to DApps, DeFi protocols, and NFT marketplaces within the wallet interface.

Users also need to note that after the underwhelming performance and consistently low activity on the OKTC, the OKX company has started working on their next blockchain which is supposed to be more efficient. 

Supported Crypto and Assets

One of the most crucial factors for traders choosing a cryptocurrency exchange is the range of supported tokens and assets. 

Binance

Binance stands out as one of the largest exchanges in terms of asset diversity, supporting over 400+ cryptocurrencies. These range from well-established coins like Bitcoin, Ethereum, and Binance Coin to a variety of altcoins and emerging tokens. Binance continuously lists new assets, providing traders with opportunities to access newer projects. In addition to cryptocurrencies, Binance supports stablecoins like USDT, USDC, and BUSD, giving users options to hedge against market volatility. Binance’s wide selection of tokens appeals to all types of traders, from casual retail investors to institutions. The platform also supports multiple trading pairs across different markets, including spot, margin, and futures trading. 

The exchange also offers a vibrant NFT marketplace where users can buy, sell, and mint non-fungible tokens (NFTs). Binance’s NFT marketplace supports a variety of NFTs, including art, gaming items, and collectibles. Its user-friendly interface and low fees make it an attractive option for those looking to explore the NFT space.

Binance’s large asset pool makes it ideal for users who want access to more obscure or niche tokens that may not be available on other exchanges. This diversity allows traders to explore a wide range of investment opportunities across multiple sectors, from DeFi and gaming to layer-2 solutions and metaverse tokens.

OKX

OKX also offers an impressive selection of over 300+ cryptocurrencies for trading. Like Binance, it supports all major assets, including Bitcoin, Ethereum, Solana, and other leading tokens. OKX also supports a wide range of DeFi tokens, stablecoins like USDT and USDC, and altcoins that are growing in popularity.

Although OKX supports fewer tokens than Binance, it still provides ample choices for most traders, particularly those focused on major and mid-cap tokens. OKX is known for carefully curating its asset list, focusing on offering projects with strong utility or innovative blockchain solutions. The platform is also proactive in listing new and promising tokens, though at a slightly slower pace than Binance.

OKX also boasts its own NFT marketplace, offering users a place to trade and mint NFTs. The marketplace is integrated with the OKX Wallet, allowing users to easily manage their assets across multiple blockchain networks. The NFT marketplace supports a growing range of digital art, gaming assets, and other NFT types, with a focus on user-friendly features and accessibility.

Deposit and Withdrawal

When comparing Binance and OKX in terms of deposit and withdrawal options, both platforms offer a variety of methods, but they differ in some aspects, like fees, supported currencies, and overall user experience.

Binance

Binance supports a wide range of deposit methods, including crypto deposits and fiat deposits via bank account transfers, credit/debit cards, and third-party payment services like Simplex and Banxa. Crypto deposits on Binance are free, but fiat deposits may incur fees depending on the payment method and region. Binance supports about 11 fiat currencies, including GBP, EUR, AUD, TRY, and more, which is less compared to many competitors.

Withdrawal on Binance is straightforward, but fees vary depending on the cryptocurrency or fiat currency being withdrawn. For fiat withdrawals, users can typically choose between bank transfers or card withdrawals, though fees may apply based on the selected method. Binance’s global presence ensures support for many regional payment methods, enhancing accessibility.

OKX

OKX also offers multiple deposit methods, including crypto deposits, fiat deposits via bank transfer, and credit/debit cards. However, the platform provides a much broader range of fiat options, supporting over 40 fiat currencies. This makes OKX more accessible to users in different regions. Crypto deposits on OKX are free, and the platform also provides support for fiat deposits through payment processors such as Simplex and MoonPay.

For withdrawals, OKX has competitive crypto withdrawal fees, and fiat withdrawals can be made through wire transfers, bank cards, and other third-party services. OKX’s withdrawal fees are generally transparent, and the platform offers an intuitive user interface, making it easy for users to manage their deposits and withdrawals effectively.

User Experience and Interface

Neither Binance nor OKX is particularly beginner-friendly, as both platforms are designed for more experienced users, offering advanced features and trading products. The sheer volume of options may initially overwhelm newcomers. However, both exchanges provide simplified features like “one-click” trading, and tasks like buying crypto or depositing fiat are easy to manage once you familiarize yourself with the interface.

In terms of layout and navigation, both Binance and OKX are quite similar, using dropdown menus for easy access to different sections. While Binance is functionally on par, OKX stands out for its aesthetically pleasing design, which some users may prefer. That said, after spending time with either platform, users find them both to be highly functional, with all essential trading features easily accessible.

For trading itself, both platforms cater to traders of all skill levels, from beginners to professionals. They both integrate with TradingView, giving users access to the most popular and advanced charting tools, and they support a variety of order types. These platforms offer high-level trading functionality with depth charts and order book panels, making them suitable for any trading style, whether for retail, skilled, or institutional traders.

Overall, neither Binance nor OKX takes a clear win in terms of ease of use. Both platforms are best-in-class in their offerings, but users who prefer aesthetics may lean toward OKX. However, with practice, either platform can serve traders well, offering the tools and functions necessary for success at any skill level.

Mobile App

Both Binance and OKX offer mobile apps that cater to users on the go, but they differ slightly in complexity and user base. The Binance mobile app has over 100 million downloads on Google Play Store, with more than 2.31 million reviews, achieving an impressive 4.5-star rating. However, the app’s extensive features and advanced trading tools make it better suited for intermediate and advanced traders, as beginners may find the interface complex.

On the other hand, the OKX mobile app has over 10 million downloads and more than 700k reviews, also boasting a 4.5-star rating. While it offers a similarly feature-rich experience, OKX’s app is generally regarded as slightly more user-friendly, with a cleaner design. This makes it more accessible for newer users, though both apps are highly functional once users become accustomed to their interfaces.

Ultimately, both Binance and OKX mobile apps provide all the essential trading features, and the choice between them may depend on whether users prioritize Binance’s broader ecosystem or OKX’s simpler layout. Both offer advanced tools for experienced traders, but OKX might appeal more to those looking for a less overwhelming mobile experience.

Safety and Security

Security of funds and user data is probably one of the most important factors that every individual trader needs to consider when choosing a crypto exchange to use. With the high value of assets involved, robust security measures are essential to protect user funds and prevent hacks or breaches that could result in significant financial losses.

Binance

Binance employs a robust security system to protect its users. Key features include two-factor authentication (2FA) for account access, device management, and address whitelisting to restrict withdrawals to approved addresses. The platform uses advanced encryption to detect suspicious activities and prevent fraud. Binance’s Secure Asset Fund for Users (SAFU) serves as an emergency reserve to cover unexpected losses, and the majority of user funds are kept in cold storage for added protection. Regular security audits further enhance Binance’s overall safety protocols.

OKX

OKX also takes a multi-layered approach to security measures. Users are protected by 2FA and have access to anti-phishing codes, which provide additional safeguards against email fraud. Most user assets are stored in cold wallets, reducing the risk of online attacks. Additionally, OKX implements Proof-of-Reserves (PoR), a transparency measure that ensures user assets are backed 1:1 by actual reserves, further boosting trust and security.

Regulations

The regulatory framework surrounding cryptocurrency exchanges plays a crucial role in determining the legality and security of their operations. Both exchanges must navigate complex regulatory environments across various regions, adhering to local laws while ensuring global compliance.

Binance

Binance operates under various regulatory frameworks across the globe, but its regulatory status can be complex due to its decentralized operations. Binance does not have a fixed global headquarters, which has led to scrutiny from multiple financial authorities. Over the years, Binance has faced regulatory challenges in regions like the United States, the UK, and Japan, and it has had to adjust its services accordingly, such as restricting certain derivatives trading options in these jurisdictions.

To comply with regulations, Binance has introduced Know Your Customer (KYC) procedures and Anti-Money Laundering (AML) measures, ensuring that users provide identity verification before accessing most of its services. In some regions, Binance has created separate entities to operate under local licenses. For instance, Binance.US operates as an independent entity regulated in the United States, complying with local financial laws. Despite the complexities, Binance has made continuous efforts to enhance regulatory compliance, focusing on working with governments to ensure legal adherence.

OKX

OKX, like Binance, operates in several countries and is subject to varying regulatory requirements. OKX is headquartered in Seychelles – a crypto-friendly jurisdiction – which gives it some flexibility in its global operations. Nevertheless, the exchange also faces regional regulatory scrutiny, particularly as it expands into larger markets. OKX enforces strict KYC and AML protocols to align with regulatory expectations and ensure compliance with local laws.

In some countries, OKX’s services are restricted or modified to comply with local financial regulations. For instance, OKX has limits on services in certain countries where crypto trading is heavily regulated or restricted. OKX also regularly updates its regulatory compliance policies to meet changing legal frameworks and engages with regulators to ensure it adheres to evolving crypto laws.

Customer Support and Resources

Both Binance and OKX offer robust customer support and resources to help users navigate their platforms effectively. Binance provides a comprehensive help center filled with tutorials, videos, and articles on various topics, including trading strategies, trading bots, and the use of advanced trading tools. This extensive library of resources ensures that users, whether beginners or experienced traders, can find the information they need to make informed decisions.

In addition to its help center, Binance offers 24/7 customer support through multiple channels, including live chat, email, and phone. This round-the-clock support ensures that users can get assistance whenever they need it, regardless of their time zone. Binance also has an active community on social media platforms, where users can connect with other traders, share insights, and get support from the community.

Similarly, OKX provides a well-structured help center with guides, tutorials, and FAQs to assist users in understanding the platform’s features and functionalities. OKX also offers 24/7 customer support through live chat and email, ensuring that users can get timely help with any issues they encounter. The exchange’s active presence on social media platforms allows users to engage with the community, share experiences, and seek advice from fellow traders.

Both Binance and OKX prioritize customer support and provide extensive resources to ensure a smooth and informed trading experience for their users.

Unique Features and Ecosystems

Binance and OKX each have unique features and ecosystems that distinguish them from other crypto exchanges, catering to different aspects of the crypto industry.

Binance is renowned for its focus on innovation and its extensive ecosystem of products and services. One of its standout features is Binance Launchpad, which allows users to participate in initial coin offerings (ICOs) and token sales. This platform has been instrumental in helping new blockchain projects gain visibility and funding. Additionally, Binance’s Smart Chain, now rebranded as BNB Chain, facilitates fast and low-cost transactions, making it a popular choice for DeFi projects and decentralized applications (DApps).

Binance’s ecosystem also includes a variety of other services, such as Binance Academy for educational content, Binance Labs for venture capital investments, and Binance Wallet for secure storage of crypto assets. These features collectively create a comprehensive ecosystem that supports users at every stage of their crypto journey.

On the other hand, OKX has carved out a niche with its strong focus on trading bots and DeFi integration. The OKX Wallet is a non-custodial, multi-chain wallet that supports a wide range of blockchain networks, allowing users to manage their crypto assets seamlessly. OKX Earn is another notable feature, offering users various earning opportunities, including staking, savings, and lending products.

OKX also has its own unique platform called OKX Jumpstart, which helps users discover and invest in new and high-quality blockchain projects. This feature is similar to Binance Launchpad but with a focus on providing early access to promising projects within the OKX ecosystem.

Both exchanges offer robust ecosystems with unique features that cater to different aspects of the crypto industry. Whether you are looking for innovative investment opportunities, advanced trading tools, or comprehensive DeFi integration, both Binance and OKX have something to offer.

How to Choose a Crypto Exchange for Yourself?

When choosing a crypto exchange, several factors need to be considered based on your trading style and preferences. Security is paramount—check for features like two-factor authentication, cold storage, and insurance funds. Both Binance and OKX offer robust security measures, but Binance’s SAFU fund and OKX’s Proof-of-Reserves add an extra layer of assurance.

Supported Assets

Supported assets are another key factor. Binance supports over 400 cryptocurrencies, while OKX supports 300+, so if you’re seeking niche tokens, Binance might have the edge. However, OKX’s multi-chain wallet and better aesthetics may appeal to users who prioritize user experience.

Trading Fees

Fees are also crucial. Binance and OKX both offer competitive trading fees, but Binance tends to offer better discounts for users who hold its BNB token, while OKX provides similar benefits through its OKB token.

Regulations

Regulations are equally crucial. Depending on your country of residence, certain exchanges might be more regulated or restricted. For example, Binance has established Binance.US to comply with U.S. regulations, while OKX adjusts its services depending on local laws. Always ensure that the platform you choose is compliant with the regulatory environment of your region to avoid complications.

Ease of Use

Lastly, consider the platform’s ease of use. Both exchanges can be complex for beginners, but OKX’s cleaner design is often favored for simplicity. If you’re a beginner, the mobile app experience should also be evaluated; Binance’s app has more downloads but is known to be more complex, whereas OKX’s app is praised for its simplicity.

Ultimately, your choice between Binance vs OKX will depend on your needs — whether it’s deeper asset variety, lower fees, a better user interface, or something else. If you are still confused between these two exchanges, make sure to read our detailed Binance review and OKX review.

Conclusion

Choosing the best crypto exchange is a crucial decision for any trader or investor and can play a significant role in the success of your crypto journey. Whether you opt for Binance or OKX, it’s essential to thoroughly evaluate every single factor of both exchanges before deciding on one. The Binance vs OKX debate ultimately depends on your specific needs and trading goals. Be sure to conduct thorough research and stay informed about the latest regulations in your region. Caution is key in the cryptocurrency space, so make an informed choice to ensure your assets are secure and your trading experience is optimal.

Frequently Asked Questions

Can I use Binance and OKX in the United States?

Binance operates as Binance.US in the United States, while OKX is not available to U.S. residents.

Which is better for beginners, Binance vs OKX?

Both platforms are a little complex for beginners, but OKX’s simpler layout may be more beginner-friendly. Moreover, both platforms offer educational content for new users.

Is Binance cheaper in trading fees than OKX?

Both exchanges have competitive fee models. However, OKX’s spot trading fees for makers (0.08%) is less than that of Binance (0.1%). As for takers, both platforms charge an equal fee of 0.1%. 

Is Binance safe?

Yes, Binance uses advanced security features like 2FA and has a SAFU fund for user protection.

What is OKX wallet?

OKX Wallet is a non-custodial, multi-chain wallet for managing crypto and accessing DApps.

How do I deposit funds in Binance?

You can deposit funds on Binance via crypto transfers or fiat through bank transfers and credit/debit cards. The platform also supports multiple e-payment services, depending on the geographical location.

The post Binance vs OKX 2025: Which Exchange is Right for You? appeared first on NFT Evening.

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BingX Referral Code 2025: WYMSQV ($7,700+ USDT SignUp Bonus) https://nftevening.com/bingx-referral-code/?utm_source=rss&utm_medium=rss&utm_campaign=bingx-referral-code Wed, 24 Jul 2024 08:15:18 +0000 https://nftevening.com/?p=139329 Looking to get some bonus crypto and discounts on your trades? Then a BingX referral code is your key to unlocking sweet rewards. These referral codes act like coupons, giving

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Looking to get some bonus crypto and discounts on your trades? Then a BingX referral code is your key to unlocking sweet rewards. These referral codes act like coupons, giving you access to welcome bonuses, trading fee rebates, and even the chance to snag thousands of dollars in USDT rewards. 

This guide dives deep into BingX referral codes, explaining how to find them, what benefits they offer, and how to use them to maximize your crypto trading experience.

Bingx logo

Promotion

Get 7,700 USDT Welcome Gift

Deposit & Trade This Month

Code Valid: May 2025

What is BingX Referral Code?

Crypto Exchange BingX
Referral Code WYMSQV
Signup Bonus or Referral Bonus Up to 7,700+ USDT
Welcome Bonus 30 USDT in mystery box
Trading Fees Discount 20%
BingX Referral Program and Affiliate Program Yes
BingX Referral Link https://nftevening.com/recommends/bingx/

A BingX referral code is a unique invite code or promo code to incentivize new users to sign up and trade on the platform. When new users use a referral code during sign-up, they receive various benefits, and the person who referred them will also earn rewards in the form of trading fee commissions.

By using our best BingX referral code “WYMSQV” when signing up for the exchange, new users can access several perks. One of the main benefits is a signup bonus of up to 7,700 USDT. Plus, you can enjoy a 20% discount on trading fees, making transactions more cost-effective. Moreover, new users who use the BingX invite code “WYMSQV” are eligible for a welcome bonus, which comes in the form of a mystery box containing up to 30 USDT.

BingX Sign-Up Bonus and Rewards

By using the BingX referral code “WYMSQV” during sign-up, beginners can enjoy several benefits:

  • Sign-Up Bonus: You can receive up to 7,700 USDT as a sign-up bonus. This bonus is designed to encourage new traders to explore the platform and start trading.
  • Trading Fees Discount: You will get a 20% discount on trading fees. This discount helps you save money on your transactions, making trading more affordable.
  • Welcome Bonus: New users are eligible for a welcome bonus of up to 30 USDT in the form of a mystery box. This bonus is an added incentive to start using BingX for trading.

BingX Sign Up Bonus and Rewards

New User Rewards (Up to 1,500+ USDT)

You will also receive some extra bonus after completing your exchange registration, depositing funds, and competing first trade:

  • Sign-Up Bonus: Receive 5 – 30 USDT Mystery Box when you sign up.
  • KYC Bonus: Receive 5-500 USDT Mystery Box after completing advanced identity verification
  • First Deposit Bonus: Earn 1-500 USDT Mystery Box with your first deposit.
  • First Trade Bonus: Get up to 800 USDT with your first trade. This will include a 500 USDT mystery box for trading with a 200 USDT worth of crypto airdrop and a 200 USDT subsidy.

ByBit Sign-Up Bonus for New Users

Futures Trading Rewards (Up to 6,200+ USDT)

Based on your total futures trading volume, you can also claim the BingX exclusive bonus worth up to 6,200+ USDT in token vouchers. However, you need to completed advanced verification and trade for 2 consecutive days within 21 days of registering. Here is the breakdown of how you can earn up to 6,200+ USDT rewards:

Futures Trading Volume Reward (USDT in Token Voucher)
5,000 USDT 3 USDT
30,000 USDT 5 USDT 
80,000 USDT 8 USDT
200,000 USDT 10 USDT
1,000,000 USDT 25 USDT
5,000,000 USDT 100 USDT
10,000,000 USDT 200 USDT
30,000,000 USDT 800 USDT
100,000,000 USDT 5,000 USDT

How to Use BingX Referral Code “WYMSQV”?

Step 1: Create a BingX Exchange Account

Bingx logo

Promotion

Get 7,700 USDT Welcome Gift

Deposit & Trade This Month

Code Valid: May 2025

Start your cryptocurrency trading on BingX by creating an account. Head over to their official website and locate the “Sign Up” button. Clicking this button will initiate the registration process. BingX offers the flexibility to register using either your email address or phone number. Choose your preferred method and enter the corresponding information in the designated field.

Next, create a strong password that incorporates a combination of uppercase and lowercase letters, numbers, and symbols. Now, enter the BingX referral code “WYMSQV” in this referral code field to ensure you receive the associated referral rewards.

Once you’ve filled in all the required information, proceed by clicking the “Sign Up” button positioned at the bottom of the registration form. BingX will then send a verification code to your email address or phone number, depending on your chosen registration method. Be sure to check your email inbox or SMS messages for this code. 

Finally, enter the received verification code in the designated field to complete the sign-up process and unlock your BingX account.

Step 1: Create a BingX Exchange Account

Step 2: Verify Identity for Extra Security

Verifying your identity on BingX is crucial after creating your account. Start with your profile section. This is typically accessed by clicking your avatar or username in the top right corner. Within your profile, find the option labeled “Identity Verification”. Clicking this will initiate the verification process.

BingX will require some personal details, including your full name, date of birth, and residential address. The next step involves uploading a clear picture of a government-issued ID, such as a passport or driver’s license. Ensure the photo is well-lit and captures all details clearly. 

It will also request an additional selfie or a photo of you holding your ID to verify document authenticity. Once you submit the documents, the verification process will begin. This usually takes some time, ranging from a few hours to a couple of days.

Bybit Advanced KYC

Step 3: Deposit Funds

After logging in, navigate to the “Assets” section typically found at the top menu on BingX. Here, you’ll encounter various options to fund account. For depositing cryptocurrency directly, choose “Deposit” and select your desired coin. BingX will present a unique wallet address specific to that cryptocurrency. Copy this address and use it to transfer funds from your external wallet.

Step 3: Deposit Funds

If opting for a Peer-to-Peer (P2P) deposit, head to the “P2P Trading” tab within the “Buy Crypto” section. Select your preferred deposit currency and payment method, which could be bank transfer or other available options. Follow the on-screen instructions to finalize the P2P transaction.

Buy Crypto on BingX P2P Trading

For bank transfers, choose the dedicated “Fiat Deposit” option. Select your preferred currency and enter the amount you wish to deposit. Follow the provided instructions to complete the bank transfer. 

Remember, a minimum deposit of 100 USDT is required to qualify for the referral bonus. Once the deposit is complete, the funds should appear in your BingX account within a short time.

Step 4: Start Crypto Futures Trading

Head over to the “Markets” or “Futures” section on the BingX website. This section displays a list of available trading pairs like BTC/USDT, ETH/USDT, etc. Pick one that sparks your interest and click on it to access the trading interface. Here, you’ll find price charts, order books, and past trading activity.

To initiate a trade, enter the desired amount. Keep in mind that a minimum trading volume of 500 USDT is necessary to qualify for the referral bonus. BingX offers leverage up to 125x, allowing you to trade larger positions with a smaller capital commitment. 

Input your preferred leverage level and execute your trade by clicking “Open Long” or “Open Short” according to your prediction. Keep a close eye on your trade and close it when you reach your target profit or stop-loss level.

Trading Crypto on BingX Futures

Step 5: Claim Rewards

After the initial deposit, you can now claim your rewards. Go to the “Rewards Hub” section on the BingX website. In the “Advanced Zone” section, you should see an option to claim your  bonus, based on your deposit and cumulative trading volume.

Click on it and follow the instructions to claim your rewards. The rewards will be credited to your account, and you can use them for further trading (but cannot withdraw).

Earn BingX Rewards with Regular Tasks

BingX Referral Program and Affiliate Program

The BingX referral and affiliate programs are designed to reward users for bringing new participants to the platform. The referral program allows you to earn income by inviting friends to join the trading platform. When your friends sign up and start trading using your referral link, you receive 10% of their trading fee. This is a simple way to earn extra income by sharing your unique referral link with your network.

The BingX affiliate program boasts the potential to earn up to 50% commission. As a BingX affiliate, you’ll have the opportunity to promote the platform to a wider audience and receive competitive commissions for your efforts.

This program equips you for success by providing a comprehensive suite of marketing materials and dedicated support from the BingX team. You can closely monitor your performance and earnings through a user-friendly affiliate dashboard that delivers in-depth analytics and valuable insights.

For added flexibility, BingX guarantees prompt payouts in a variety of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), allowing you to choose how you receive your commissions.

BingX Referral Bonus Terms & Conditions

  • You can deposit using on-chain deposits, P2P trading, or bank deposits.
  • Sign up for the event and meet the requirements within 7 days to qualify for rewards. You will receive only the highest reward level you qualify for; rewards are not cumulative.
  • Do not make any withdrawals, including P2P selling, internal transfers, or sending rewards. Otherwise, you will lose your eligibility. 
  • Rewards are issued within 20 days of registration and must be claimed manually on the New Users Rewards page before they expire.
  • You must meet both the deposit and trading volume requirements to receive the reward.
  • These may change over time. The tasks and rewards available at the time of your participation are the ones that apply.
  • BingX will disqualify users who attempt to cheat. It has the final say in the interpretation of these rules.

Bingx logo

Promotion

Get 7,700 USDT Welcome Gift

Deposit & Trade This Month

Code Valid: May 2025

About BingX Exchange

Established in 2018, BingX has become a global trading platform catering to over 10 million users worldwide. It stands out for its diverse trading options, user-centric design, and commitment to security.

BingX offers a comprehensive suite of trading products, including spot trading, derivatives, copy trading services, and grid trading. This caters to various trading styles, whether you’re a seasoned pro or just starting out. It supports over 750 cryptocurrencies for trading and investing.

One of BingX’s highlights is its emphasis on social trading. Their Copy Trade Pro feature allows users to copy the trades of experienced traders in real-time. This empowers beginners to leverage expert insights and potentially improve their own trading results.

Plus, BingX focuses on user experience with a streamlined registration process and a wealth of educational resources through BingX Academy. This makes the platform accessible to a global audience, regardless of their prior cryptocurrency trading experience. BingX’s commitment extends to regulatory compliance in various regions, including the European Union and Australia. This ensures a secure and reliable trading environment for all users.

About BingX Exchange

BingX Fees

  • Spot Trading Fees: BingX charges a flat fee of 0.10% for both makers and takers. Discounts are available for VIP users based on their trading volume. 
  • Futures Trading Fees: The fees for futures trading on BingX differ between standard futures and perpetual futures. For perpetual futures, the maker fee is 0.02% and the taker fee is 0.05%. For standard futures, it charges 0.045% per trade.
  • Deposit and Withdrawal Fees: BingX does not charge fees for deposits. However, there are fees associated with withdrawals, and these fees depend on the specific cryptocurrency and its network being withdrawn. For example, the withdrawal fee for Bitcoin (BTC network) is typically around 0.000296 BTC.

Here is the full BingX fee structure.

Conclusion

In a nutshell, the BingX trading platform offers a range of benefits for new users through its referral program. By using a BingX referral code like “WYMSQV” during sign-up, users can get a sign-up bonus, trading fee discount, and welcome bonus. 

The platform also prioritizes security with KYC verification and provides various trading options, making it suitable for both beginners and experienced traders. With its commitment to transparency and global regulatory licenses, BingX stands out as a trusted cryptocurrency exchange for millions of traders worldwide. For more rewards on other crypto exchanges, check out our other guides on the KuCoin referral code and MEXC referral code.

BingX Invite Code: FAQs

Is BingX Safe & Trusted Exchange?

BingX is a safe and trusted cryptocurrency exchange with over 10 million global crypto traders. The exchange utilizes robust security measures like 2FA authentication, withdrawal address whitelisting, fund password, anti-phishing code, and AI-powered KYC verification. 

Furthermore, BingX demonstrates its commitment to transparency through 100% proof-of-reserves, verified by the globally recognized Mazars auditing firm. The exchange also collaborates with leading cybersecurity organizations and has successfully passed security audits by CertiK.

What is the referral reward for BingX?

When you use a BingX referral code during sign-up, you can enjoy several rewards. New users who enter a BingX invitation code “WYMSQV” can receive a sign-up bonus of up to 7,700 USDT. 

Additionally, there is a 20% discount on trading fees, which helps save money on each transaction. You can also get a welcome bonus, which comes as a mystery box containing up to 30 USDT. These rewards aim to make your trading experience on BingX more beneficial right from the start.

How do I add a referral code to BingX?

To add a referral code to BingX, you need to enter it during the registration process. While signing up, you will see a field labeled “Referral Code (Optional)”. Here, you can enter the referral code “WYMSQV” to receive the associated signup bonuses.

Does BingX require KYC?

BingX doesn’t require KYC for users to access basic features. This means you can start using BingX and even withdraw up to 50,000 USDT daily without going through the KYC process. However, if you’re looking to unlock higher withdrawal limits, completing KYC verification bumps that number up to a significant 5 million USDT per day.

How do I share my BingX invite code?

To share your BingX invite code, go to the “Invite to Earn” section on the BingX app or website. You’ll find your unique referral code there. Simply copy it and share it with your friends via email, social media, or messaging apps. When your friends sign up for BingX using your code, you can earn rewards or bonuses as part of the referral program.

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BingX Review 2025: Fees, Security, Pros & Cons https://nftevening.com/bingx-review/?utm_source=rss&utm_medium=rss&utm_campaign=bingx-review Wed, 24 Jul 2024 08:03:17 +0000 https://nftevening.com/?p=139323 Thinking about buying Bitcoin or other cryptocurrencies? You’ll need a safe and easy platform to trade them, and that’s where crypto exchanges come in. In this guide, we’ll give you

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Thinking about buying Bitcoin or other cryptocurrencies? You’ll need a safe and easy platform to trade them, and that’s where crypto exchanges come in. In this guide, we’ll give you a complete BingX review, breaking down what it offers, how it works, and if it’s a good fit for you, especially if you’re new to the crypto world.

Bingx logo

User Score

9.7

Promotion

Get 7700+ USDT Welcome Gift

Deposit & Trade This Month

BingX Review: At a Glance

Features BingX
Founded 2018
Headquarters Singapore
Founders Josh Lu
Best For Crypto Copy Trading
Trading Features Spot, futures, copy, grid trading bots, staking, and P2P market
Supported Coins 750+ tokens and 830 trading pairs
Fees
  • 0.1% maker/taker for spot
  • 0.02% maker and 0.05% taker for futures
Maximum Leverage 125x
Licenses Europe and Australia
Security 2FA, anti-phishing code, PoR data, insurance fund, SSL
Customer support Email, help center, and live chat
Mobile App Android and iOS

What is BingX?

BingX is a leading cryptocurrency exchange known for various trading services to over 20 million traders around the world. Founded in 2018, this trading platform offers spot trading, derivatives, copy trading, and grid trading, making it suitable for both new and experienced cryptocurrency traders.

BingX exchange

The exchange operates globally, with branches in Asia, Oceania, Europe, and South America. It is registered and regulated in 150+ countries, including the European Union and Australia, ensuring compliance with local financial regulations. This global reach and regulatory compliance make BingX a reliable platform for trading cryptocurrencies.

Unfortunately, BingX is restricted in some countries including the United States, United Kingdom, Canada due to strict regulatory requirements for crypto exchanges. This means that traders in these regions are not officially permitted to trade crypto on BingX. While users in some regions may access certain services through a VPN, doing so may violate BingX’s terms of service and local regulations.

The platform security and transparency is emphasized. It has a 100% Proof of Reserves, verified by global auditing firms like Mazars, ensuring that all user assets are fully backed and secure. Additionally, BingX has passed security audits by CertiK, a leading security-focused ranking platform.

Pros of BingX

  • A clean and intuitive interface, making it easy for new traders to trade crypto
  • The diverse selection of 750+ cryptocurrencies allows for portfolio diversification
  • Competitive fees for new users and low fees for large-volume traders
  • Advanced trading features like derivative market, copy trading, and automated trading bots
  • Easy to use BingX app for Android and iOS devices

Cons of BingX

  • Margin trading is not available compared to other exchanges like OKX
  • Limited payment methods for fiat currency deposits and withdrawals
  • Not available in the several countries and regions

Key Features of BingX Exchange

Futures and Spot Trading

BingX’s spot market supports over 750 cryptocurrencies, allowing users to directly buy and sell digital assets at the current market price. This is perfect if you want to acquire crypto for immediate holding.

BingX’s Spot trading offers two conveniences:

  • Quick Buy and Sell: Execute trades swiftly at the prevailing market price. You can also perform this part with fiat currencies.
  • Zero-fee Crypto Conversion: Instantly convert between 100+ cryptocurrencies without incurring any fees. This is a great way to diversify your crypto portfolio without worrying about additional charges.

BingX's spot trading platform

The trading platform provides two types of futures trading:

  1. Standard Futures: These contracts have a set expiry date. You agree to buy or sell a specific crypto asset at a predetermined price on that date.
  2. Perpetual Futures (USDT-M and Coin-M): Unlike standard futures, perpetual contracts have no expiry. You can hold them indefinitely and leverage them for potentially amplified returns. BingX offers perpetual futures with two margin modes: USDT-margined (USDT-M) and Coin-margined (Coin-M). USDT-M uses Tether (USDT) as the collateral, while Coin-M uses the specific cryptocurrency of the contract (e.g., BTC-M for Bitcoin futures).

Also, BingX offers high leverage, reaching a maximum of 125x, allowing traders to control a larger position with a smaller amount of capital.

BingX's futures trading platform

BingX offers two margin modes for managing your trades:

  1. Cross Margin: This mode utilizes your entire account balance as collateral for all open positions. While it allows for potentially bigger profits, a loss in one position can lead to a margin call and liquidation of your entire portfolio across all open positions.
  2. Isolated Margin: Here, you allocate a specific amount of margin for each individual position. This limits the risk associated with a single trade and prevents a domino effect of liquidations across your holdings.

BingX Order Types

While BingX offers standard market orders (buying/selling at the best available price) and limit orders (buying/selling at a predetermined price), they also provide advanced order types for more strategic trading:

  • Take Profit (TP)/Stop Loss (SL): These automated orders help you lock in profits or minimize losses. A TP order automatically sells your position when it reaches a specific profit target, while an SL order automatically sells your position to limit potential losses if the price falls below a set point.
  • Trailing Stop: It automatically adjusts your stop-loss price as the market moves favorably. For example, with a trailing stop set at 5% below the current market price, if the price increases by 2%, your stop-loss price will also rise by 2% to lock in profits.
  • Post-Only Orders: These orders only get fulfilled if they add liquidity to the order book. This can be useful for ensuring your order doesn’t accidentally take away liquidity from the market and result in extreme price slippage.
  • Trigger Orders: These orders execute when the market price reaches a specified trigger price (set by you). This is useful for entering trades at specific market conditions.

BingX Copy Trading Feature

The BingX platform offers a copy trading platform that lets you replicate the trades of experienced traders automatically. This service is available for both futures and spot markets. The platform supports over 17,000 professional elite traders and has executed 600 million copy trading orders so far.

Copy trading on BingX is simple. You select an elite trader whose trades you want to copy. Once selected, any trades the elite trader makes are automatically replicated in your account. There is a copy trading feature called “copy by position”, which ensures you cannot allocate more than a trader’s percentage of their portfolio to a trade, effectively managing risk. It also provides detailed statistics about traders, including their earnings, number of open positions, and risk ratings, helping you make proper decisions about whom to follow.

BingX Copy Trading Feature

BingX Wealth

BingX Wealth is a feature offered by the BingX crypto exchange that allows you to earn passive income on your crypto holdings. It’s designed to be user-friendly and caters to different investment styles, whether you prioritize safety or aim for growth.

BingX Wealth includes two main components: Simple Earn and Shark Fin.

Simple Earn

Simple Earn is a sub-feature that provides two options for earning on your crypto: Fixed Earn and Flexible Earn.

  1. With Fixed-Term savings, you can choose between 7-day and 90-day durations, offering predictable returns with competitive Annual Percentage Yields (APYs). Typically, the longer the maturity period, the higher the interest rate you can earn. For example, you can earn up to 2% APR on BTC with a 90-day lockup period.
  2. Flexible Earn offers more flexibility for your investments. You can subscribe and redeem your crypto holdings at any time. While the interest rates on Flexible Earn might be slightly lower compared to Fixed Earn, it gives you the freedom to access your crypto whenever you need it. For example, BingX offers up to 10% APY on USDT with flexible terms.

Simple Earn

Shark Fin

Shark Fin is another structured product designed to offer higher returns based on accurate market predictions. It allows you to earn yields based on your predictions of the price movements of BTC (Bitcoin) or ETH (Ethereum).

If you anticipate a market rise, you can choose a Bullish Shark Fin, which optimizes yields when the market increases. Conversely, if you predict a market decline, you can opt for a Bearish Shark Fin, which provides higher returns if the market remains within preset limits.

Shark Fin

Automated Grid trading

BingX Grid Trading automates your cryptocurrency trading strategy, letting you buy low and sell high without constantly watching the market. They offer three main Grid Trading options:

  1. Spot Grid: This is a great option for new traders. Imagine you set a price range of $10k to $20k for Bitcoin (BTC) with a total investment of $100. BingX will automatically divide your $100 into smaller buy orders throughout that price range. So, if the price of Bitcoin drops to $15k, BingX will automatically buy some BTC. Then, if the price rebounds to $18k, BingX will sell some of that BTC for a profit. This captures small price movements and aims to profit from market volatility.
  2. Futures Grid: This is similar to the Spot Grid but is used for futures trading with leverage.
  3. Spot Infinity Grid: This advanced option is designed for extended periods of sideways market movement. Let’s say, you set up a Spot Infinity Grid for a cryptocurrency like LTC. The grid continues to buy more Litecoin if the price drops and sells portions if the price rises, without any upper or lower limit. This helps accumulate more Litecoin over time while also profiting from price swings.

Automated Grid trading

BingX Supported Cryptocurrencies and Trading Pairs

The exchange supports over 750 different cryptocurrencies to trade, along with 830+ different trading pairs. This means you can trade popular coins like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), as well as many other low-cap altcoins and newly listed projects.

To make things even more convenient, BingX uses stablecoins like USDT, USDC, and DAI in a lot of their trading pairs. The exchange also supports a comprehensive range of cryptocurrencies in different crypto sectors, including those associated with:

  • Metaverse
  • Non-Fungible Tokens (NFTs)
  • DeFi
  • Play-to-Earn (GameFi)
  • Smart Contracts
  • Layer 1 and Layer 2 blockchain solutions
  • RWAs

And more.

Bingx logo

User Score

9.7

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BingX Security Measures: Is It Safe & Legit?

BingX understands that the security of your cryptocurrency is a top priority. That’s why they’ve implemented a robust set of features to keep your assets and data safe. Here’s a breakdown of these features:

  • Two-Factor Authentication (2FA): You can either use Google Authenticator or an SMS code. This code changes all the time, making it super tough for hackers to crack. 2FA is a must-have for keeping your account secure.
  • Proof of Reserves (PoR): This transparency ensures that the exchange holds sufficient reserves and is financially stable. Your asset holdings have been verified by authoritative auditors like Mazars. You can check the Merkle Tree, which the exchange publishes on the 1st and 15th of each month.
  • Fund Password: It’s different from your login password and is required whenever you want to withdraw or move your crypto. Even if someone hacks your account, they won’t be able to touch your funds without this special password.
  • Whitelist Your Withdrawal Addresses: You can only withdraw funds to addresses on this list, preventing unauthorized withdrawals and keeping your crypto secure.
  • Anti-Phishing Code: BingX gives you a personal anti-phishing code that appears in all their real emails. This code helps you tell the difference between real emails from BingX and fake ones from phishers.
  • Encrypted Connections: The exchange uses SSL encryption, a technical way of saying they scramble the information you send between your browser and their servers.

Proof of Reserves (PoR)

BingX Regulatory Compliance (Licenses)

BingX holds several licenses and regulatory approvals to ensure compliance with financial and legal standards. Here are the key licenses:

  1. Registered with AUSTRAC, the Australian government agency responsible for preventing money laundering and terrorism financing
  2. It is registered as a Money Services Business (MSB) with FinCEN, a bureau of the U.S. Department of the Treasury.
  3. BingX is registered with FINTRAC, Canada’s financial intelligence unit responsible for monitoring financial transactions
  4. A license from the FCIS, the regulatory body in Lithuania that oversees financial transactions to combat money laundering and financial crimes.

BingX Fees Review

Spot Trading Fees

BingX uses a maker-taker fee model for spot trading. Makers are users who add liquidity to the order book by placing limit orders. Takers are users who remove liquidity from the order book by fulfilling existing orders. BingX rewards makers with a slight discount compared to takers.

For most major cryptocurrency pairs, like BTC/USDT and ETH/USDT, BingX charges a 0.1% fee for both makers and takers. This means for every $100 trade, you’d pay a $0.10 fee. However, The fees might vary slightly for specific pairs due to different liquidity levels and trading volumes.

Spot Trading Fees

Futures Trading Fees

As discussed above, there are two types of futures trading on the platform: Perpetual Futures and Standard Futures. The fee structure differs for each type:

Perpetual Futures Trading Fees:

  • Maker Fee: 0.02%
  • Taker Fee: 0.05%

Standard Futures Fees is 0.045%

These fees apply when closing a position in standard futures trades. Perpetual futures trading fees are charged for both opening and closing positions.

Futures Trading Fees

Deposit & Withdrawal Fees

The good news is that BingX doesn’t charge any deposit fees. You can transfer your crypto to your BingX account without any deductions. However, there might be a minimum deposit requirement depending on the cryptocurrency. Make sure to check before transferring to avoid delays.

BingX charges a flat fee for each withdrawal, which varies depending on the specific cryptocurrency. This fee covers the cost of processing the transaction on the blockchain network. Since network conditions can change, withdrawal fees can fluctuate.

You can check the full BingX fee structure here.

BingX Deposit & Withdrawal Fees

VIP Trading Fees Discount

The BingX platform offers a VIP program that provides discounted fees based on the user’s trading volume and other criteria. The discounts apply to both spot and futures fees.

VIP Level 30-Day Spot Trading Volume (USDT) Maker Fee (Spot) Taker Fee (Spot) 30-Day Futurest Volume (USDT) Maker Fee (Perpetual Futures) Taker Fee (Perpetual Futures)
VIP 1 ≥ 1,000,000 0.035% 0.06% ≥ 10,000,000 0.014% 0.04%
VIP 2 ≥ 2,000,000 0.02% 0.05% ≥ 20,000,000 0.012% 0.0375%
VIP 3 ≥ 4,000,000 0.015% 0.045% ≥ 50,000,000 0.01% 0.035%
VIP 4 ≥ 6,000,000 0.0125% 0.0375% ≥ 100,000,000 0.008% 0.0315%
VIP 5 ≥ 8,000,000 0.01% 0.0325% ≥ 200,000,000 0.006% 0.03%

BingX also offers a Supreme VIP level designed for VIP users with extremely high trading volumes. For futures contract traders, you must have over 600 million in volume, which results in a 0% maker fee and 0.028% taker fee.

BingX Trading Account and Minimum Deposit

BingX offers several account types to cater to different trading needs, including a Demo Account for practice and VIP tiers that provide additional benefits based on trading volume and asset balance. This tiered structure ensures that both new and high-volume traders can find a trading account type that suits their requirements.

To open an account on BingX, users need to make a minimum deposit, which can be as low as 0.001 BTC or 1 USD/USDT. This low entry barrier makes BingX accessible to a wide range of traders. Additionally, BingX does not impose fees for depositing funds, although specific payment systems might charge their own fees. The minimum trade amount is set at 10 USD, allowing for flexibility in trading decisions.

BingX also supports deposits in various fiat currencies, facilitating cryptocurrency trading for users across different regions. This inclusivity ensures that traders from diverse backgrounds can easily fund their accounts and start trading.

How to Get Started with BingX?

Bingx logo

User Score

9.7

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Step 1: Creating a BingX Account

Navigate to the BingX website and head over to the top-right corner of the homepage. You’ll find a button labeled “Sign Up” – click on it to begin the registration process.

The platform offers multiple sign-up options: email, phone number, or even your Google account. Once you’ve filled in your details, click “Sign Up”. As a security measure, you’ll need to solve a simple puzzle. After completing the puzzle, a six-digit verification code will be sent to your email address. Enter this code on the website to finalize your registration.

Step 1: Creating an Account

Step 2: Verifying Identity

On your BingX dashboard, locate the “Identity Verification” section. Here, you’ll need to provide some personal details like your full name, date of birth, and current address.

Additionally, BingX will require a scan of a government-issued ID, such as a passport or driver’s license, for verification purposes. Be sure to follow the on-screen instructions diligently. While the verification process might take a brief period to finalize, BingX will notify you as soon as it’s complete.

Step 2: Verifying Identity

Step 3: Depositing Funds

You can start depositing funds into your account. Head over to the “Deposits” button in the “Assets” section, where you’ll be presented with a variety of deposit options encompassing both cryptocurrencies and fiat currencies.

For depositing cryptocurrency, choose the specific coin you want to transfer. BingX will then provide a unique deposit address specifically for your account. This address acts as the destination for your crypto funds; carefully transfer them from your wallet to this address to complete the deposit process.

Step 3: Depositing Funds

Step 4: Start Trading Crypto

Head over to the “Markets” section on the main menu. This is where you’ll find a comprehensive list of cryptocurrencies available for trading. To initiate a trade, simply click on the specific cryptocurrency that piques your interest. This will whisk you away to a dedicated trading page featuring a live chart that visually depicts the price fluctuations of your chosen coin.

Now, look towards the right side of your screen where you will see buy and sell options. For new traders, a market order is the recommended approach, as it executes your trade at the current market price. Alternatively, you can opt for a limit order. Simply enter the amount you wish to trade and click the corresponding “Buy” button to set your trade in motion.

Step 4: Start Trading Crypto

BingX KYC

BingX offers a secure and compliant trading environment through its tiered KYC (Know Your Customer) verification system. There are Basic and Advanced levels, each with distinct benefits.

Verification Status Daily Deposit Limit Monthly Deposit Limit 24h Max. Withdrawal P2P Launchpad
Unverified ❌ ❌ 20,000 USDT ❌ ❌
Basic KYC 5,000 USDT 50,000 USDT 20,000 USDT ❌ ❌
Advanced KYC Unlimited Unlimited 5,000,000 USDT ✅ ✅

Key Advantages of KYC Verification

  • Enhanced Security: KYC helps protect your account and assets by ensuring only verified users can trade, reducing fraud and illegal activity risks. In case of account theft or loss, your verified KYC details can help quickly restore access and increase the chances of recovering assets. KYC also ensures BingX complies with regulations, creating a safe and transparent platform.
  • Access to Full Services: After KYC verification, you can enjoy:
  • Full Trading Experience: Advanced KYC users gain access to all BingX products, including P2P trading.
    • Exclusive Events: Join special airdrop events and earn rewards with Advanced KYC.
    • Quick Buy: Easily deposit or withdraw cryptocurrencies for better fund management.
    • Wealth Products: Advanced KYC users can subscribe to BingX Wealth products and explore investment opportunities.

KYC Verification

BingX Customer Support and User Reviews

BingX offers a few different ways to get help with your account or trading questions, including Help Center, Email and Live Chat on BingX website.

Customer Reviews of BingX seem a bit of a mixed bag with positive and negative ratings. Some users online say they’ve had great experiences and found BingX user-friendly and efficient. Others have reported facing trouble reaching support or getting their issues resolved.

Looking at user ratings of 2.3/5 on TrustPilot, BingX gets generally positive marks for its easy-to-use interface and educational resources, but some users mention limited features compared to other crypto trading platforms and a desire for more payment methods.

BingX Competitor Comparison

Features BingX Bitget KuCoin
Best For Copy Trading Copy Trading and DeFi Services Derivatives Trading
Tradable Assets 750+ 800+ 700+
Fees 0.1% maker/taker 0.1% maker/ taker 0.1% maker/taker
Derivatives Trading Yes Yes Yes
Maximum Leverage 125x 125x on BTC and 100x on altcoins 125x
Copy Trading Yes Yes
P2P Trading Yes Yes Yes
Earn Services Simple Earn and shark fin Fixed/flexible savings, BGB staking, structured products like dual investment, shark fin, and range sniper KCS staking, fixed and flexible savings, snowball, crypto lending
DeFi Wallet Yes
Launchpad Yes Yes (Spotlight)
Security Very High Very High High

For detailed information on these BingX alternatives, you can read our full Bitget review and KuCoin review.

Final Thoughts

Our review highlights that BingX is a good fit for both new and experienced cryptocurrency traders because it’s safe and easy to use. They have many different ways to trade crypto, like spot trading, futures, grid and copy trading. Plus, BingX keeps your funds safe with things like 2FA and proof of reserves. They also follow the rules set by governments in many areas.

However, BingX might not be perfect for everyone. There could be fewer ways to deposit fiat currencies in your country or it might not be available where you live like USA. It also does not offer margin trading and lending services.

Bingx logo

User Score

9.7

Promotion

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Deposit & Trade This Month

BingX Exchange Review: FAQs

Does Bingx require KYC?

BingX generally requires KYC (Know Your Customer) for most of its features including deposits and withdrawals, as well as trading and earning features. But you can still trade on BingX without completing the full KYC process as it provides different verification options. However, unverified users will have some limitations like $50,000 daily withdrawal limits and no fiat deposits through P2P trading. By completing identity verification, you can increase your withdrawal limits to 5,000,000 USDT.

Is BingX a reliable exchange?

BingX is a reliable and user-friendly cryptocurrency exchange, making it a good choice for many traders. It also offers a wide range of trading options, including spot trading, futures trading, copy trading, and grid trading, catering to both experienced and new traders.

The platform is known for its competitive fees, a vast selection of over 750 cryptocurrencies, and robust security measures. However, it’s important to weigh the pros and cons based on your specific needs, as some users might find limitations in payment methods or availability in certain regions.

Which country made the BingX Exchange?

BingX was founded in Singapore in 2018. Since then, it has expanded its operations globally, with branches in various regions including Asia, Oceania, Europe, and South America.

Is BingX trusted?

BingX is a secure exchange trusted by over 20 million traders around the world. It prioritizes security and transparency, implementing measures such as 100% Proof of Reserves and undergoing regular audits by reputable firms like Mazars and CertiK.

The platform also employs two-factor authentication (2FA), encrypted connections, and withdrawal whitelist features to enhance user security. Its regulatory compliance in multiple jurisdictions including the EU and Australia further supports its credibility as a trustworthy platform for cryptocurrency trading.

Does BingX support demo trading?

Yes, BingX offers a demo trading feature for the crypto derivatives market only. This allows users to practice trading without risking real money, making it an excellent tool for new traders to learn trading or for experienced traders to test strategies.

Is BingX available in USA?

BingX is not available for US residents due to complex regulatory compliance. However, traders in America can still use BingX US Limited, which was registered as a Money Services Business (MSB) with FinCEN, to conduct certain financial activities, including spot, derivatives and copy trading, but with restrictions in some jurisdictions.

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Binance Review 2025: Is It a Legit and Trustworthy Exchange? https://nftevening.com/binance-review/?utm_source=rss&utm_medium=rss&utm_campaign=binance-review Thu, 27 Jun 2024 16:59:06 +0000 https://nftevening.com/?p=138837 Binance Exchange Review: At a Glance Founded 2017 Founder Changpeng Zhao (CZ) and Yi He Trading Features Spot trading Margin trading Derivatives trading (Futures and Options) Copy trading P2P trading

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BINANCE

4.8
 
Learn More

On BINANCE's Website

Binance, founded in 2017 by Changpeng Zhao, has been the largest global cryptocurrency exchange with 250M+ users and approximately $14B in daily trading volume. The platform offers a wide array of trading options and low fees, supporting 500+ cryptocurrencies and 30+ fiat currencies, but unfortunately faces some regulatory issues in some jurisdictions.

Pros

  • Highest trading volume and liquidity in the crypto market
  • Low trading fees and a 25% discount for BNB holders
  • Advanced trading features like leverage trading and copy trading
  • User-friendly “Simple” mode for beginners to buy crypto
  • Earn passive income on idle assets with Binance staking
  • Direct transactions with 30 fiat currencies

Cons

  • Limited fiat-off-ramp methods in certain countries
  • Not available in some countries (e.g. The U.S., U.K., Canada)

Binance Exchange Review: At a Glance

Founded 2017
Founder Changpeng Zhao (CZ) and Yi He
Trading Features
  • Spot trading
  • Margin trading
  • Derivatives trading (Futures and Options)
  • Copy trading
  • P2P trading
  • Trading bots
Supported Assets 500+ coins and 1300+ trading pairs
Native Token BNB (Binance Coin)
Supported Fiat 30+ fiat currencies (USD, EUR, GBP, and more)
Spot Trading Fees 0.1% Maker/taker
Futures Trading Fees 0.02% maker and 0.05% taker
Security Features 2FA, Cold Storage, SAFU Fund, Address Whitelisting, Anti-Phishing Code, end-to-end encryption
Mobile App Binance app is available for both iOS and Android
Earn Products Staking, Dual Investment, Crypto Loans, Mining
Payment Methods Bank transfers, Credit/Debit cards, P2P trading, and third-party services (e.g. PayPal, Apple Pay)
Decentralized Exchange Yes
Launchpad Yes, for new token launches
Customer Support 24/7 via chat and email
binance-logo-2

Binance Referral Code

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Code Valid: May 2025

What is Binance?

Binance is a popular global cryptocurrency exchange, known for its extensive range of services and high trading volumes. Co-founded by Changpeng Zhao (CZ) and and Yi He in 2017, the platform allows you to trade, deposit, withdraw, stake and convert cryptocurrencies. Binance has a user base of over 250 million crypto traders from more than 180 countries, and an $76 billion daily trading volume, according to CoinMarketCap.

Binance, though initially founded in China, established its headquarters in Japan shortly thereafter. This relocation was due to regulatory restrictions on cryptocurrency businesses within China. It subsequently expanded its operations to Taiwan and then Malta, seeking jurisdictions with more favorable regulatory environments for cryptocurrency exchanges.

Binance Products & Features

The platform supports trading in over 500 cryptocurrencies, including popular cryptocurrency assets like Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). It supports more than 30 fiat currencies, including USD, EUR, AUD, allowing users to easily deposit and trade via debit or credit cards, bank transfers, and P2P payments. It is also known for its user-centric approach, with a strong emphasis on security and regulatory compliance.

Pros of Binance

  • Highest trading volume and liquidity in the crypto industry
  • Low trading fees and a 25% discount for BNB holders
  • Advanced trading features like leverage trading and copy trading
  • Earn passive income with Binance staking, multiple Earn features for both new and advanced traders
  • Wide range of cryptocurrencies and trading pairs, Direct transactions with 30 fiat currencies
  • Robust security using CCSS, cold wallets, 2FA, end-to-end encryption and a Secured Asset Fund for Users (SAFU)
  • Offers its own IEO Launchpad for early-stage projects

Cons of Binance

  • Limited fiat-off-ramp methods in certain countries
  • Not available in some countries, including the USA, the UK, Canada, Singapore, Japan, Netherlands, and Nigeria.

Binance Fees

Spot trading Fees

Spot fees on Binance apply to transactions involving buying or selling cryptocurrencies at current market prices. These fees vary based on the user’s VIP level, which is determined by their 30-day trading volume and Binance Coin (BNB) balance.

The base fee for spot trading starts at 0.10% for both makers (those who provide liquidity) and takers (those who take liquidity). Using BNB to pay for low fees, typically around 25% discount. Higher VIP levels enjoy progressively low fees.

Here’s a breakdown of the spot fees by VIP level:

Spot & Margin Trading Fees

Futures Trading Fees

The fees for futures trading are generally lower than spot trading fees and are also tiered based on the user’s VIP level. The base fee for futures trading starts at 0.02% for makers and 0.05% for takers. Similar to spot trading, higher VIP levels enjoy lower fees.

Futures Fees

Options Trading Fees

The Binance fees for options trading are typically a flat rate per contract. Currently, Binance charges a flat fee of 0.02% of the notional value of the contract, which is competitive compared to other centralized exchanges.

Deposit & Withdrawal Fees

There is no transaction fees for crypto deposits on Binance, but withdrawal fees vary based on the cryptocurrency and its netork. Binance adjusts these fees according to network congestion and transaction costs.

For example, Bitcoin (BTC) withdrawals typically have a fee of 0.00012 BTC, while Ethereum (ETH) withdrawals have a fee of 0.0016 ETH.

Here’s how withdrawal fees vary for some popular cryptocurrencies:

Cryptocurrency Network Withdrawal Fee
Bitcoin (BTC) BTC 0.00012 BTC
Ethereum (ETH) ERC20 0.0016 ETH
Tether (USDT) ERC20 7 USDT
Binance Coin (BNB) BEP20 0.0006 BNB
Ripple (XRP) XRP 0.2 XRP

Check out the full Binance fees structure.

binance-logo-2

Binance Referral Code

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Code Valid: May 2025

Binance Security: Is Binance Safe?

Binance is currently one of the most secure crypto trading platforms. Although it has experienced some data breaches and hack attacks, the exchange continues improving its security measures and regulatory compliance. Binance uses SSL encryption for all transactions, cold wallet storage, and even has a $1 billion insurance fund to keep your assets safe.

Here’s a breakdown of the main security features Binance employs to ensure a secure trading environment:

  • Two-factor authentication (2FA): Binance offers several options for two-factor authentication, which adds an extra layer of security to your account. Options include Google Authenticator, SMS-based 2FA, and Binance’s own Authenticator. This additional step ensures that even if someone has your password, they cannot access your account without the second factor.
  • Know Your Customer (KYC): The KYC process is a mandatory identity verification procedure. You are required to submit government-issued identification documents. This helps Binance verify user identities, preventing fraudulent activities and ensuring compliance with global regulations.
  • Secure Asset Fund for Users (SAFU): To protect Binance users in case of security breaches, Binance has established the Secure Asset Fund for Users (SAFU). This emergency fund, valued at $1 billion, acts as a financial safety net. If user funds are compromised due to a security breach, the SAFU fund is used to compensate affected users.
  • Anti-Phishing Code: This code appears in all official emails, helping Binance users to easily identify legitimate communications and avoid phishing attempts.
  • Withdrawal Whitelist: You can set up a whitelist of trusted addresses for cryptocurrency withdrawals. This means that withdrawals can only be made to pre-approved addresses, reducing the risk of unauthorized transactions.
  • Advanced Risk Control and Monitoring: The platform employs machine learning algorithms to detect unusual login patterns and transaction behaviors. This real-time monitoring helps identify and mitigate potential threats quickly.
  • Facial Recognition Technology: Binance employs an optional facial recognition technology for critical actions like withdrawals and password changes. This ensures that the person performing these actions is the legitimate account holder, adding an extra layer of security.
  • Bug Bounty Program: Binance encourages external security experts to identify and report vulnerabilities through its bug bounty program. Participants are rewarded for their efforts, which helps Binance continuously improve its security measures.
  • Cold Storage of Assets: A significant portion of Binance’s cryptocurrency holdings are stored in cold wallets, which are offline. This reduces the risk of large-scale hacks as these wallets are not connected to the internet.

Binance Features and Products

Futures and Derivatives

Binance Futures allows you to speculate on the future price of cryptocurrencies without owning the underlying assets. It offers two types of contracts: USD-M (USDT or USDC margined) and COIN-M (crypto margined).

USD-M contracts are settled in stablecoins like USDT or USDC, providing a stable value basis, while COIN-M contracts are settled in the cryptocurrency itself, like Bitcoin or Ethereum, adding an additional layer of risk and potential reward due to the volatility of the settlement asset.

Binance supports perpetual and quarterly futures contracts. Perpetual contracts do not have an expiration date, allowing you to hold positions indefinitely, while quarterly contracts have fixed expiration dates, such as every three months. This provides opportunities to capitalize on longer-term trends or events.

Here are some key insights to consider about Binance futures:

  • Leverage: It allows high leverage up to 125x, enabling you to take larger positions with a smaller capital investment.
  • Multiple Order Types: It supports various order types, including limit, market, stop-limit, stop-market, trailing stop, post only, limit TP/SL, market TP/SL, and TWAP orders.
  • Risk Management Tools: Binance offers features like stop-loss, take-profit orders, and a futures calculator to manage risk effectively.

Futures and Derivatives

Also, Binance offers options trading. This allows you to speculate on the future price movements of cryptocurrencies without directly owning them. By using options contracts, you can bet on whether the price will go up (call option) or down (put option) within a certain timeframe. It offers European-style options contracts, which can only be exercised at expiry.

Margin Trading

Binance has a Margin Trading feature that allows you to borrow funds to increase your trading position, offering leverage of up to 10x. It provides both cross-margin and isolated-margin trading.

Here are some key points to consider:

  • Cross Margin vs. Isolated Margin: Cross margin uses the entire margin balance to avoid liquidation, whereas isolated margin limits the risk to the margin assigned to a specific position.
  • Leverage: You can trade with 5x leverage, enhancing potential gains.
  • Borrowing and Repayment: Borrow funds directly from Binance and repay them as per the required interest rates and terms. Interest rates are calculated hourly.

Copy Trading

Binance Copy Trading lets you copy the strategies of experienced traders, called Lead Traders, in both Spot and Futures markets.

It offers detailed profiles of each Lead Trader including their performance, PnL, strategies, risk tolerance, and trading history. This transparency helps you choose a Lead Trader that aligns with your investment goals and risk appetite.

When you copy a trader, a share of your profits, up to 10%, is paid to them, creating an incentive alignment between you and the Lead Trader. This feature simplifies trading for new users and offers a potential passive income stream for experienced traders.

Copy Trading

Binance Trading Bots

Binance offers several crypto trading bots to automate trading strategies, including Grid, Arbitrage, Rebalancing, and TWAP bots. Here is a quick overview of Binance bots:

  • Grid Trading Bot: Executes buy and sell orders at preset intervals within a specific price range, ideal for capturing profits in a volatile market. It offers grid trading for both the spot and futures markets.
  • Arbitrage Bot: An arbitrage bot exploits price differences between different markets or trading pairs. It buys low on one market and sells high on another, pocketing the profit before the price gap closes.
  • Rebalancing Bot: A rebalancing bot monitors your crypto portfolio and automatically buys or sells assets to maintain your desired allocation. This helps you stick to your long-term investment strategy and manage risk by keeping your portfolio balanced.
  • TWAP (Time-Weighted Average Price) Bot: It will split your total order into smaller chunks and buy them steadily throughout your chosen timeframe. This aims to achieve an average price between the highest and lowest points during that period, reducing the impact of volatility on your overall purchase price.

Binance Trading Bots

Binance Earn Services

Binance Earn provides a suite of financial products designed to generate passive income on your cryptocurrency holdings. Here’s a breakdown of the products:

  • Flexible Savings: Earn interest on your crypto with the advantage of withdrawing your funds at any time. This offers a balance between convenience and potential returns.
  • Locked Savings: Commit your crypto for a fixed term (7, 14, or 30 days typically) to earn higher interest rates compared to Flexible Savings. This rewards users willing to lock up their holdings for a set period.
  • Dual Investment: Invest in two cryptocurrencies simultaneously (e.g., BTC-USDT) and earn returns based on the asset with better performance over a predetermined timeframe. This allows you to potentially benefit from price movements in either direction. You can choose between Bullish and Bearish.
  • Mining Pool: Participate in Binance’s mining pools to earn rewards by contributing your crypto’s computational power to validate transactions on a Proof-of-Stake blockchain. This eliminates the need for individual mining equipment.
  • Crypto Loans: Borrow cash or stablecoins by using your crypto as collateral. This provides liquidity without selling your holdings, allowing you to leverage your crypto for other opportunities while retaining ownership.

Binance Earn Services

Binance P2P Trading

Binance P2P Trading allows you to buy and sell cryptocurrencies directly with other users, facilitated by an escrow service. It also has zero fees on P2P trades.

The escrow service ensures that transactions are secure and fair by holding the seller’s crypto until the buyer confirms the payment. This process reduces the risk of fraud, making Peer-to-peer trading a safe and reliable option for acquiring or liquidating crypto assets.

Additionally, Binance P2P supports over 100 fiat currencies and 800+ local payment methods, including bank transfers and online wallets like Google Pay, UPI, Banxa, etc., providing flexibility and convenience for traders worldwide.

Binance Launchpad

Binance Launchpad is designed to help promising blockchain projects raise capital and gain traction. It acts as a launchpad for new cryptocurrencies and tokens by providing them with access to Binance’s large user base and resources.

Here’s how it works:

  • Project teams apply to list their tokens on Binance Launchpad.
  • Binance reviews the applications and selects projects with strong potential.
  • Selected projects go through a multi-stage launch process.
  • Binance users can participate in the launch process through BNB or FDUSD staking and acquire tokens of the new project.

There have been 93 projects launched on Binance Launchpad so far. This platform has become a popular way for new crypto projects to gain exposure and liquidity, while also offering users the opportunity to invest in promising early-stage ventures.

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Binance Referral Code

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Code Valid: May 2025

Leveraged Tokens

Binance Leveraged Tokens (BLVTs) are an interesting experiment that offers leveraged exposure to cryptocurrencies without directly using margin trading. Unlike margin trading where you borrow funds to amplify gains (and losses), BLVTs are a type of derivative product that aims to deliver magnified returns based on the underlying asset’s price movement.

BLVTs came in two flavors: BULL (UP) and BEAR (DOWN). Bull BLVTs aimed to amplify gains when the underlying crypto’s price increased, while Bear BLVTs aimed to profit from price decreases. The leverage ratio isn’t fixed but targeted in a range, say between 1.25x and 4x.

Imagine there’s a BLVT named BTCUP that targets 3x leverage on Bitcoin’s price. If the price of Bitcoin goes up by 5%, BTCUP would ideally aim to deliver a 15% increase (3 times the underlying movement). Conversely, a BLVT named BTCDOWN targeting 3x leverage would aim for a 15% gain if Bitcoin’s price dropped by 5%.

Leveraged Tokens

BNB Chain

Binance BNB Chain is a powerful blockchain, combining two previously separate chains: Binance Chain and Binance Smart Chain (BSC). This fusion creates a robust ecosystem specifically designed to fuel decentralized applications (DApps) and smart contracts.

The true strength of BNB Chain lies in its ability to attract developers and users. Here’s why:

  • DApps: Over 538 DApps have already been built on the BNB chain, showcasing the chain’s suitability for creating innovative decentralized applications in various sectors like AI, metaverse, gaming, and more.
  • Speedy and Affordable: Transactions on BNB Chain are known for their impressive speed and remarkably lower fees compared to other major blockchains. This makes it a cost-effective and efficient crypto exchange for both developers and users.
  • Rewards: Holders can stake their BNB tokens to participate in governing the network. This staking process not only contributes to the security of the chain but also rewards users with incentives for their participation, further driving decentralization.

Binance NFT Marketplace

Binance NFT Marketplace has become a popular destination for trading non-fungible tokens (NFTs). Unlike traditional marketplaces limited to a single blockchain, it allows you to buy, sell, and trade NFTs across multiple chains, including the popular BNB Chain and Ethereum.

The platform provides user-friendly tools for creators to mint and sell their NFTs, with transparent minting fees. This accessibility encourages a wide range of artists and creators to participate in the growing NFT ecosystem, expanding the variety and volume of NFTs available for collectors and traders.

Binance NFT Marketplace

Binance Pay

Binance Pay cuts out the middleman for cryptocurrency transactions. Imagine a system for sending, receiving, and even spending cryptocurrencies, that works anywhere in the world and doesn’t charge any fees. That’s the core functionality of Binance Pay.

Beyond the basics, Binance Pay boasts a wide range of features. You can choose from over 200 different cryptocurrencies, including major players like Bitcoin and Ethereum, to carry out transactions. This flexibility caters to users with diverse crypto holdings. Transactions themself are borderless, meaning you can send and receive crypto from anyone around the globe without restrictions.

The benefits extend to businesses as well. By integrating Binance Pay, merchants can open their doors to a whole new customer base: crypto users. This not only expands their payment method but also attracts a tech-savvy demographic.

Binance Wallet (Web3)

The Binance Web3 Wallet is a simple and secure tool within its app. It helps you enter the decentralized web, also known as Web3, without the usual hassles of crypto wallets.

You don’t need to worry about keeping a seed phrase. Instead, it uses an MPC technology that splits your private key into three parts stored in different places, like your device and cloud storage. This keeps your assets safer by reducing the risk of losing them.

The crypto wallet is designed to give you full control over your assets. It’s a self-custody wallet, meaning only you have access to it. If you lose access, Binance can’t help you recover it, so it’s important to back up your wallet and keep your recovery details safe.

Cryptocurrencies Available on Binance

Binance offers 500+ different coins including coins from various niches such as AI, metaverse, real-world assets (RWAs), gaming, DeFi. Some major cryptocurrencies that the exchange supports are:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Binance Coin (BNB)
  • Cardano (ADA)
  • Solana (SOL)
  • Polkadot (DOT)
  • Chainlink (LINK)
  • Avalanche (AVAX)
  • Shiba Inu (SHIB)
  • Polygon (MATIC)

The exchange also supports over 1,300 trading pairs in Spot Trading, Perpetuals and Futures markets, which includes BTC/USDT, BTC/FDUSD, ETH/USDT, USDC/USDT, XRP/USDT, and more.

Supported and Restricted Countries

Binance is available to crypto traders in 180 countries including Australia, UAE, China, New Zealand, India, South Africa, Brazil and most European countries. The global exchange currently holds regulatory licenses to fully function in 21 countries, and has adapted its services to local laws in Vietnam, Nigeria, Singapore, and more.

Due to lawsuits and regulatory challenges in some regions, Binance exchange is restricted in several countries, including the United States, the United Kingdom, Canada, Singapore, Japan, Netherlands, and Nigeria. However, residents in the United States can still use Binance.US, which is specifically designed to comply with U.S. laws and regulations.

Customer Support

To address user inquiries and concerns, Binance offers various customer support channels including a 24/7 Live Chat, Support Ticket System for more complex issues, FAQ Center, and Social Media platforms like Twitter and Telegram.

While Binance offers multiple avenues for customer support, user experiences seem to vary. The live chat function appears to be the most popular choice, but wait times and the effectiveness of communication can be inconsistent. The Binance mobile app receives a 4.6/5 rating on Google Play Store and the same 4.6/5 on the App Store.

Trading Experience

Binance platform offers a variety of trading options and assets. The most basic option is “Convert”, where users simply choose their cryptocurrencies and execute the trade without charts, order books, or fees.

For more experienced users, Binance offers the “Classic” trading platform. The trading interface might seem complex at first, but it displays charts, order books (showing buy and sell orders), and your trade history. Don’t worry, Binance also offers tutorials and guides to help you navigate it.

You can place different order types to control how your trade gets executed.  A “market order” buys or sells at the current market price, while a “limit order” allows you to specify the price you’re willing to buy or sell at. It also has a mobile version for both Android and iOS devices. The Binance app provides a user-friendly trading interface with real-time charting and various order types for trading.

Binance vs Other Crypto Exchanges

Bybit and Coinbase are the best Binance alternatives to consider. Here is a quick comparison:

Features Binance Bybit Coinbase
Founded 2017 2018 2012
Best for High-volume traders Derivatives trading US traders
Supported Cryptos 500+ 1,200+ 241+
Trading Products Spot, futures, margin, copy, options, bots, P2P, and bots Spot, futures, margin, options, copy, P2P, and bots Spot and Futures (only for qualified crypto traders)
Maximum Leverage 125x 100x 10x
Trading Fees 0.1% maker and taker 0.1% maker/taker 0.4% maker and 0.6% taker
Funding Methods Bank transfer, debit/credit cards, Google Pay, Apple Pay Debit cards, credit cards, in-person cash payments, and 300+ more. ACH, SWIFT, SEPA, and Wire transfer
PoR (Solvent) Yes Yes Yes

For more details, read our in-depth Binance vs. Bybit and Binance vs. Coinbase review to choose the right exchange that suits your trading needs.

How to Trade Crypto on Binance?

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Binance Referral Code

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Code Valid: May 2025

Step 1: Create a Binance Account

To create a Binance account, first visit the official Binance website. On the homepage, you will find a “Sign Up” button in the top right corner. Click on this button to start the registration process.

Provide your email address and click “Next”. Now, create a strong password. Make sure your password is unique and secure. You can also enter our Binance referral code “QH6V74V5” to get a signup bonus and fee discount. After entering these details, click on the “Create Account” button.

Binance will send a verification email to the email address you provided. Open this email and click on the verification link to confirm your email address.

Step 1: Create a Binance Account

Step 2: KYC Verification

Then, begin Know Your Customer (KYC) verification by clicking the “Profile” icon in the top right corner of the account page. Select “Account” from the dropdown menu and click “Identification”. Start by providing your personal details like name, date of birth, and address. You will need to upload a clear photo of a government-issued ID (passport, driver’s license, or ID card).

There is also Advanced verification, which may require additional documents like income proof. This is optional, but recommended if you plan on trading large volumes.

Step 2: KYC Verification

Step 3: Deposit Funds

If you already own cryptocurrency, depositing it directly into your Binance wallet is an option. Go to the “Deposit” button. Choose “Deposit Crypto” to see a list of supported cryptocurrencies. Find the one you want to deposit.

Binance will provide a unique deposit address specific to that cryptocurrency. Copy this address and use it as the recipient address when transferring funds from your external wallet. Double-check both the address and the network you select to avoid losing your funds.

Step 3: Deposit Funds

For those who prefer fiat currency like dollar deposits, Binance offers several deposit options like bank transfers and credit/debit cards. Go to the “Deposit” button and this time choose “Bank Deposit”. You’ll see various deposit methods, including bank transfer (SWIFT or SEPA) and credit/debit cards.

Select your preferred method and follow the on-screen instructions. Bank transfers require your bank details and initiating a transfer from your bank account. This can take a few days depending on your bank. Credit/debit card deposits involve entering your card details and completing the transaction, usually instant but with potentially higher fees.

Binance offers several deposit options like bank accounts and credit/debit cards

Step 4: Start Trading Crypto

Binance’s services encompass various cryptocurrency investing and trading opportunities. Navigate to the “Trade” dropdown menu at the top. For a beginner-friendly experience, choose “Spot”. On the left side, you’ll find the crypto pairs listed. To trade crypto Bitcoin (BTC) for Ethereum (ETH), for instance, locate the BTC/ETH trading pair.

The center of the page displays the price chart alongside the order book, which shows buy and sell orders from other users. Below this is the order entry section. When placing a trade, you can choose between Market, Limit, and Stop-Limit orders.

Enter the desired trade amount and price (if using Limit or Stop-Limit). Double-check your order details before clicking “Buy” or “Sell” to confirm the trade.

Step 4: Start Trading Crypto

Final Verdict: Is Binance the right exchange for you?

Our review highlights that Binance has become a leading cryptocurrency exchange in the world. It offers a variety of services beyond just trading, including copy trading, margin, and futures contracts. Features like Binance NFT, Charity, and Academy cater to a broad audience.

Binance plarform is also known for its high trading volume, competitive fees, and user-friendly platform. For both beginners and experienced traders, it offers opportunities to earn passive income or engage in advanced strategies. Whether you’re interested in trading, staking, or NFTs, Binance supports a comprehensive platform for cryptocurrency enthusiasts around the world.

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Binance Referral Code

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Code Valid: May 2025

Binance Exchange Review: FAQs

Is Binance legit & trustworthy?

Binance is a trusted cryptocurrency exchange with over 250 million registered users over 180 countries. The platform has proved its long-lasting reputation through strong security measures such as two-factor authentication, data encryption and cold storage to protect user funds.

What is the withdrawal limit on Binance??

The withdrawal limit on Binance varies depending on the user’s level of verification. With basic verification, you can withdraw up to 8 million USD per day with a 50,000 USD fiat limit. Advanced verification offers even higher limits, depending on the region and regulatory compliance.

Can you make money with Binance?

You can make money with Binance by trading cryptocurrencies, staking, and using Binance Earn for interest. It also offers futures and options trading for advanced users. Binance referral programs provide additional earning opportunities.

Is Binance better than Coinbase?

Binance offers low trading fees and more cryptocurrencies, suitable for experienced traders. It is more user-friendly, making it ideal for new users. On the other hand, Coinbase has stricter regulatory compliance, especially in the US.

Can US citizens use the Binance platform?

Binance has a separate platform for US users called Binance.US. This platform complies with US regulations and offers a limited selection of cryptocurrencies for trading. But the main Binance platform is not available to US residents due to regulatory restrictions. Binance.US has fewer features compared to the main platform but still offers a good variety of trading.

The post Binance Review 2025: Is It a Legit and Trustworthy Exchange? appeared first on NFT Evening.

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Bybit Referral Code 2025: 80517 – $30,050 USDT Sign-Up Bonus https://nftevening.com/bybit-referral-code/?utm_source=rss&utm_medium=rss&utm_campaign=bybit-referral-code Thu, 27 Jun 2024 16:30:54 +0000 https://nftevening.com/?p=138833 Did you know that by using the Bybit referral code, you can unlock special bonuses when you sign up? This referral bonus allows you to earn money by simply entering

The post Bybit Referral Code 2025: 80517 – $30,050 USDT Sign-Up Bonus appeared first on NFT Evening.

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Did you know that by using the Bybit referral code, you can unlock special bonuses when you sign up? This referral bonus allows you to earn money by simply entering the right code during registration. In this article, we’ll explore how to get the best Bybit referral code. We’ll also tell you about some of the other benefits of using a coupon code.

bybit-logo-white

Bybit Referral Code

Earn Up to $30,050 Deposit Bonus

30% Trading Fee Discount

Code Valid: May 2025

What is Bybit Referral Code?

Crypto Exchange Bybit
Referral Code 80517
Referral Link https://nftevening.com/recommends/bybit/
Signup Bonus or Referral Bonus Up to 30,000 USDT in starter rewards
Welcome Bonus 50 USDT
Trading Fees Rebate 30%

Bybit is a platform where you can trade cryptocurrencies like BTC and ETH. Bybit referral code, also known as invite or invitation code, is a special promo code that you can use when signing up for this cryptocurrency exchange. A referral code is given by an existing user of Bybit to new users. The existing user also benefits when someone uses their code. It is a way to encourage more people to join the crypto trading platform.

By signing up with the Bybit referral code “80517”, you can unlock up to 30,000 USDT in starter rewards and enjoy up to a 30% rebate on trading fees. You will also receive a welcome bonus of 20 USDT using this invite code.

bybit-logo-white

Bybit Referral Code

Earn Up to $30,050 Deposit Bonus

30% Trading Fee Discount

Code Valid: May 2025

Bybit Sign-Up & Deposit Bonuses

Bybit offers a comprehensive sign-up bonus program, which can go up to $30,050. By using our Bybit code of the day, you can unlock these bonus rewards based on your deposit and trading activity.

Bybit Sign-Up & Deposit Bonuses

Here is a detailed breakdown of how you can earn these Bybit bonuses:

  • First, if you deposit $500 and trade $5000, you will get a 50 USDT bonus. This is a small bonus to start with. This is how the reward continues with higher trading volume and higher deposits.
  • Finally, the maximum bonus of $30,000 is given if you deposit $250,000 and trade $150 million. This is the highest bonus available.
Criteria Bonus
Deposit $500 & Trade $5000 50 USDT Bonus
Deposit $3,000 & Trade $10,000 100 USDT Bonus
Deposit $10,000 & Trade $100,000 350 USDT Bonus
Deposit $50,000 & Trade $1,5M 800 USDT Bonus
Deposit $100,000 & Trade $20M 5,000 USDT Bonus
Deposit $125,000 & Trade $50M 8,800 USDT Bonus
Deposit $150,000 & Trade $75M 15,000 USDT Bonus
Deposit $250,000 & Trade $150M 30,000 USDT Bonus

How to Use Bybit Referral Code?

To retrieve the Bybit promo code “80517” and claim a $30,000 USDT deposit bonus and a $20 USDT welcome bonus, follow these steps:

bybit-logo-white

Bybit Referral Code

Earn Up to $30,050 Deposit Bonus

30% Trading Fee Discount

Code Valid: May 2025

Step 1: Creating a Bybit Account

First, go to the Bybit website or download the Bybit app. Once you are on the Bybit homepage or app, locate and click on the “Sign Up” button.

On the registration page, you will enter your email address. Next, create a strong password containing upper and lower-case letters, numbers, and special characters.

Now, you will see a field labeled “Referral Code”. This field is optional, but to claim the bonuses, you must enter Bybit referral code 80517” in this field. This code is necessary to activate the referral bonuses. Make sure you enter it correctly.

Then, read through the terms of service to understand the rules and regulations of using Bybit. Once you have read and agreed to the terms of service, click the “Get My Welcome Gifts” button to create your account. It will send a verification email to the address you provided. Open the email and click the verification link inside.

How to put referral code in Bybit

Step 2: KYC Verification 

Typically, you will be asked to upload a clear photo of a government-issued ID, such as a passport or driver’s license. In addition, you may need to take a selfie while holding your ID to prove that you are the person in the ID photo.

Submit the required documents and wait for Bybit to review them. Once your identity is verified, you will receive a notification, and your account will be fully activated.

Step 2: KYC Verification 

Step 3: Deposit Cryptocurrencies or Fiat currencies

After verifying your identity, you need to deposit funds into your account. There are several ways to deposit funds on Bybit. You can deposit cryptocurrency directly from an external wallet.

To do this, go to the “Assets” section in your account and click on “Deposit”. Select the cryptocurrency you want to deposit, such as Bitcoin (BTC) or Ethereum (ETH). Bybit will provide you with a unique deposit address. Copy this address and use it to transfer funds from your external wallet.

Tip: Your deposit and withdrawal network must be the same.

You can deposit cryptocurrency directly from an external wallet. 

Another method to deposit funds is through the “One-Click Buy” option. This feature allows you to purchase cryptocurrency using a credit card or other payment methods. To use this option, go to the “Buy Crypto” section and select “One-Click Buy”. Choose the amount of cryptocurrency you want to buy and follow the on-screen instructions to complete the purchase. This method is quick and convenient.

Another method to deposit funds is through the “One-Click Buy” option

You can also deposit funds through “P2P” (peer-to-peer) trading. P2P trading allows you to buy cryptocurrency directly from other users. To use this method, go to the “Buy Crypto” section and select “P2P Trading”. Choose the cryptocurrency and the amount you want to buy. Browse the list of available sellers and select one that meets your requirements. Follow the instructions to complete the transaction. P2P trading is a zero-fee option and it supports 60+ fiat currencies and 100+ local payment methods.

You can also deposit funds through “P2P” (peer-to-peer) trading.

Step 4: Trade Crypto in the Futures Market

Once you have deposited funds into your Bybit platform, you can start trading. To qualify for the bonuses, you need to engage in futures trading.

Go to the “Derivatives” section and select “Perpetual Futures”. Choose the cryptocurrency pair you want to trade like BTC/USDT or ETH/USDT. Set your leverage. Bybit offers up to 100x leverage.

Bybit provides various tools and charts to help you analyze the market and make informed decisions. Enter the amount you want to trade and select your order type, such as a market order or limit order.

Step 4: Trade Crypto in the Futures Market

Step 5: Claim a 30,000 Sign Up Bonus

After you have traded a sufficient volume, you can claim your bonuses. Go to the Bybit “Rewards Hub” section in your account. Here, you will see a list of available bonuses based on your trading data.

Click on each bonus to claim it. The $50 USDT welcome bonus for new users will be available if you meet the trading requirements. Follow the on-screen instructions to claim each bonus.

Bybit Rewards Hub

Bybit Referral & Affiliate Program

bybit-logo-white

Bybit Referral Code

Earn Up to $30,050 Deposit Bonus

30% Trading Fee Discount

Code Valid: May 2025

Bybit exchange offers a comprehensive referral program that rewards you for inviting friends to join and use the platform.

Here is a detailed overview of the referral program:

  • Sign Up and Referral Link: To start, sign up for the referral program on the Bybit website. After registering, you receive a unique referral link that you can share with your friends.
  • Invite Friends: Share your referral link with friends. When they sign up using your link and start trading on Bybit, you both can earn rewards.
  • General Referral Rewards: When your friends join Bybit using your referral link, you can earn up to $1,032 USDT in rewards. Your friends can also receive rewards. This amount is split across different activities they complete on Bybit.
  • Commission: You can earn a 30% commission from the trading fees generated by your referred friends. This commission is ongoing and depends on how much your friends trade.
  • Copy Trading Rewards: Bybit offers up to 665 USDT in rewards for referrals who engage in social trading. It allows users to copy the trades of experienced traders, potentially earning rewards from their successes.
  • Bybit Card Referral: You can earn up to 20 USDT for every successful Bybit Card application made through your referral. This reward is given per application, providing an extra incentive for promoting the Card.

How to get bybit referral code

Bybit referral bonus terms and conditions

  • This offer is only for new users who register for a Bybit account using this affiliate link or Bybit referral code “80517”.
  • For rewards of 5,000 USDT and above, only taker volume trades count.
  • Users must sign up through an affiliate link and make the required deposits and trades to get rewards in Bybit’s “Rewards Hub”.
  • Deposit rewards will be sent to eligible users’ Rewards Hub after a 3-day risk-monitoring period. Users need to manually claim their rewards from the Rewards Hub.
  • If a user withdraws any part of their deposit within three days after the 14-day deposit period, they will be disqualified.
  • Users must meet the deposit and trading requirements within 14 days of getting the task in their Rewards Hub to qualify for the reward. Deposits made after this period will not count.
  • Net deposits will be calculated as follows: Total Deposits in Eligible Assets (including purchased assets) minus any amount withdrawn during the event period. Deposits include Crypto Deposits, One-Click Buy, and P2P Trading.
  • Only Derivatives trades count towards trading volume. Fiat deposits and Spot trades do not count.
  • Bybit bonuses can only be used for Perpetual and Futures contracts, not Spot trades.
  • Bybit can disqualify any user who engages in dishonest or abusive activities during the campaign, such as creating multiple accounts to get extra rewards or any other fraudulent actions.

Where to Find Bybit Promo Code?

To obtain your own Bybit promo code, follow these simple steps:

  • Visit the Bybit official homepage and Log in to your account.
  • Click on the “More” button on the top bar and Choose “Referral Program”.
  • Select the “Invite Friend” button, and you will see your referral information.
  • Copy your referral code and link to share with your friends to get more rewards.

The steps are similar for both Bybit Website (using PC or Desktop) or Bybit App (iOS or Android App).

About Bybit Crypto Exchange

Bybit exchange is a marketplace where you can buy and sell digital currencies, like Bitcoin and Ethereum. It started in March 2018 and is known for its easy-to-use interface and advanced features for traders like leveraged trading, margin trading, and crypto copy trading.

Bybit allows you to trade 1200+ popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and EOS. You can even borrow money to trade more (called leverage). The crypto exchange also supports many earning services such as staking and crypto loans.

About Bybit Exchange

You can check out our full Bybit review for more information.

Bybit Fees

  • Spot Trading Fees: It depends on whether you’re a VIP user or not. VIP users get lower fees based on their 30-day trading volume. Non-VIP users pay a standard 0.10% fee for both taker and maker orders.
  • Futures Trading Fees: The fee structure is identical to spot trading, with VIP tiers getting lower fees. For perpetual and futures contracts, it charges 0.02% maker fees and 0.055% taker fees.
  • Deposit and Withdrawal Fees: Bybit itself doesn’t charge fees for depositing crypto or transferring funds between internal accounts. You might incur fees depending on the payment method you use for fiat deposits and withdrawals. These fees are charged by the service provider, not Bybit. There are also gas fees for crypto withdrawals.

Here is the full fee structure of Bybit crypto exchange.

Conclusion

Bybit offers excellent incentives for new users who sign up with a referral code. By using the code “80517”, you can access up to 30,050 USDT in Bybit bonus and a 30% trading fee rebate. The process to claim these deposit bonuses is straightforward: sign up, complete KYC verification, deposit funds, and start trading.

Bybit’s referral program also offers great rewards for inviting friends. It’s a trusted and user-friendly platform with robust security measures. Whether you’re a beginner or an experienced trader, Bybit provides valuable rewards and a seamless trading experience.

bybit-logo-white

Bybit Referral Code

Earn Up to $30,050 Deposit Bonus

30% Trading Fee Discount

Code Valid: May 2025

FAQs

Is Bybit safe and trusted?

Yes, Bybit is a safe and trusted crypto exchange platform. The exchange uses cold storage to keep the majority of users’ funds offline. It also uses Google Authenticator as a 2FA. Bybit also has a multi-signature wallet system. This means that multiple keys are needed to access the funds, adding an extra layer of security.

Furthermore, Bybit conducts regular security audits. These audits are performed by third-party firms to ensure the platform remains secure. The exchange has transparent PoR data available on-chain.

What is the best Bybit code of the day?

The best Bybit referral code is “80517”. When using this referral code during sign-up, you can receive up to 30,000 USDT in starter rewards. There is also a welcome bonus of 50 USDT when you sign up using the referral code. Additionally, you can get a 30% trading fee rebate.

How to get Bybit 30k bonus?

To get the 30k referral bonus on Bybit, you need to sign up using Bybit promo code “80517”. To get the maximum bonus, you need to complete all deposit tasks. The maximum bonus of 30,000 USDT is given if you deposit 250,000 USDT and trade 150 million USDT. This is the highest bonus available on Bybit, making it very rewarding for active traders.

How much does Bybit pay per referral?

You can earn up to 1,717 USDT per user by joining the Bybit referral program. Invite friends to join using your link and earn up to $1,032 USDT after signing up and completing certain tasks. You’ll also get a 30% commission on their trading fees. Earn up to 665 USDT for copy traders and 20 USDT for each successful Bybit Card application through your referral link.

The post Bybit Referral Code 2025: 80517 – $30,050 USDT Sign-Up Bonus appeared first on NFT Evening.

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Bybit Review 2025: Is It a Safe & Legit Exchange? https://nftevening.com/bybit-review/?utm_source=rss&utm_medium=rss&utm_campaign=bybit-review Thu, 27 Jun 2024 16:00:03 +0000 https://nftevening.com/?p=138830 Thinking about buying Bitcoin or other cryptocurrencies? You’ll need a safe and user-friendly crypto platform to trade them. The Bybit exchange is one of the popular options with over 20

The post Bybit Review 2025: Is It a Safe & Legit Exchange? appeared first on NFT Evening.

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Thinking about buying Bitcoin or other cryptocurrencies? You’ll need a safe and user-friendly crypto platform to trade them. The Bybit exchange is one of the popular options with over 20 million registered users. In this Bybit review, we’ll break down Bybit fees, features, and if it’s the right crypto trading platform for you, even if you’re new to the crypto market.

bybit-logo-white

User Score

9.7

#Super6Bybit

$1.2M Prize Pool Awaits

Build, Transform, Supercharge bbSOL!

Bybit Review: Quick Summary

Type Cryptocurrency derivatives exchange and leverage trading platform
Founded 2018
Headquarters Dubai
Available Countries 160+ countries
Supported Coins 1219+ assets and trading pairs
Average Trading Volume Over $10 billion
Trading Features Spot, Margin Trading, Perpetual Futures, Trading Bots, Copy Trading, Demo Trading, P2P Trading, etc.
Licenses
  • Virtual Asset Service Provider in Dubai
  • Regulated by authorities in Cyprus
Funding Methods Visa and Mastercard, Wire Transfer, third-party payment providers like MoonPay and Mercuryo
Trading Fees
  • Spot: 0.1% maker/taker
  • Futures: 0.02% maker and 0.055% taker
  • Options: 0.02% maker/taker

VIP users can get various fee discounts

Deposit and Withdrawal Zero fees depend on the network
Staking and Earn Products Bybit Savings, Crypto loans, Dual Investment, Shark Fin, and Launchpool
Security Measures 2FA, cold storage, PoR data, anti-phishing code, withdrawal address whitelisting, SSL, mandatory KYC, and more
Customer Service Live chat, support forum, support ticket system
Mobile App Yes (Android and iOS)

What is Bybit?

Bybit is a global cryptocurrency exchange established in 2018. The exchange is headquartered in Dubai, UAE since its 2022 move from Singapore, operates through its British Virgin Islands-registered company, Bybit Fintech Limited. Bybit has received “in-principle” approval as a Virtual Asset Service Provider in Dubai, working towards full compliance with the Virtual Assets Regulatory Authority. The crypto platform is also regulated by authorities in Cyprus.

Bybit offers a comprehensive trading platform for both beginners and experienced traders. The platform has an extensive list of 1219+ spot cryptocurrencies and 60+ fiat currencies available for trading. While Bybit itself doesn’t have a native token, it uses the MANTLE token for the ecosystem’s utility and functionality. Bybit caters to seamless trading experience by offering various products. You can engage in derivatives trading through perpetual and futures contracts and for those seeking more defined risk profiles, Bybit also offers options contracts.

What is Bybit?

Bybit is committed to maintaining the highest standards of regulatory compliance, ensuring a safe and secure trading environment for its users. To comply with global regulations, Bybit requires all users to complete KYC (Know Your Customer) and AML (Anti-Money Laundering) verification.

The platform offers a straightforward trading interface and educational resources to help new traders navigate the world of cryptocurrency trading. Additionally, Bybit utilizes multi-signature wallets for added security and maintains an insurance fund to provide a safety net in unforeseen circumstances.

Pros of Bybit

  • Over 1219 tradable digital assets including many altcoins and new projects
  • It claimed 99.99% system uptime, perfect for high-frequency traders relying on minimal downtime
  • Up to 125x leverage on popular coins like BTC and ETH
  • Competitive trading fees aligned with the industry average
  • Handle up to 100,000 transactions per second with zero price slippage
  • 24/7 customer support, available through multiple channels

Cons of Bybit

  • Not available in the U.S., the United Kingdom, Canada, and more
  • Limited fiat-off-ramp options
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User Score

9.7

#Super6Bybit

$1.2M Prize Pool Awaits

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Bybit Fees

Bybit Spot Trading Fees

The crypto platform employs a tiered fee structure for spot trading, distinguishing between market makers and takers.

Market makers, who add liquidity to the order book by placing limit orders, are incentivized with lower fees compared to market takers, who remove liquidity by fulfilling existing orders. 

The Bybit spot trading fee for non-VIP users is 0.1% for both makers and takers. However, it offers progressively lower fees for Bybit users who achieve higher VIP tiers based on your asset balance or last 30-day trading volume.

Tier Asset Value 30-Day Spot Trading Volume Maker Fees Taker Fees
VIP 0 0.1% 0.1%
VIP 1 ≥ 100K ≥ 1M 0.0675% 0.08%
VIP 2 ≥ 250K ≥ 2.5M 0.065% 0.0775%
VIP 3 ≥ 200K ≥ 5M 0.0625% 0.075%
VIP 4 ≥ 1M ≥ 10M 0.05% 0.06%

Bybit’s fiat-crypto trading pairs (like USDT/EUR) have specific fee structures. For regular users, it starts with 0.15% maker fees and 0.2% taker fees. These fiat-to-crypto pairs also have specific trading fee rebates based on VIP levels.

For instance, a VIP 3 user with a monthly spot trading volume below $100,000 would enjoy the VIP 3 rates: 0.0750% for taker orders and 0.0625% for maker orders.

Please check out the full Bybit spot and fiat-to-crypto pairs fees here.

Bybit Institutional Services Fees

There are also Bybit institutional services fees. For the Spot Market, the PRO-1 tier applies to those with a trading volume between 6 to 8 million USD. The taker fee is 0.04%, and the maker fee is 0.015%.

The PRO-2 tier applies to those with a trading volume between 8 to 10 million USD. The taker fee is 0.035%, and the maker fee is 0.0125%.

Bybit Futures Trading Fees

Similar to spot trading fees, Bybit’s futures fee structure also incorporates two key components: a maker fee and a taker fee. The base futures fees start with 0.02% maker and 0.055% taker. Notably, the specific fee rate applicable to a user’s account depends on their VIP level, with higher VIP tiers enjoying progressively lower fees.

It’s important to remember that Bybit may charge a separate settlement fee of 0.05% on all futures contracts upon expiration.

Tier Asset Value 30-Day Futures Trading Volume Maker Fees Taker Fees
VIP 0 0.02% 0.055%
VIP 1 ≥ 100K ≥ 10M 0.018% 0.04%
VIP 2 ≥ 250K ≥ 25M 0.016% 0.0375%
VIP 3 ≥ 200K ≥ 50M 0.014% 0.035%
VIP 4 ≥ 1M ≥ 100M 0.012% 0.032%

Plus, Bybit also charges USDC options contract fees. The fees are designed to be competitive, offering a minimum rate as low as 0.02% for both maker and taker orders.

Deposit and Withdrawal Fees

Bybit offers a competitive structure for deposits and withdrawals. There are no fees incurred for internal transfers between Bybit accounts or for on-chain cryptocurrency deposits. However, for fiat deposits and withdrawals, it relies on third-party payment processors, and any associated fees will be determined by the chosen currency and payment method. These fees are transparently displayed during the order placement process.

Similarly, Bybit charges a fixed withdrawal fee for on-chain withdrawals of cryptocurrency. The specific fee amount depends on the chosen digital asset and blockchain network. It is important to note that this withdrawal fee is a network fee (or gas fees) levied by the blockchain itself.

For example, BTC and ETH may have higher withdrawal fees due to network congestion, whereas smaller coins like Solana and AVAX have lower fees. This network fee depends on the underlying tech behind the crypto projects.

Additionally, Bybit’s VIP program offers exclusive fee discounts to its members to minimize their trading costs. The platform employs a tiered discount structure based on the user’s 30-day trading volume, account balance, and 30-day net borrowing. This incentivizes active trading and rewards users for their engagement on the trading platform.

Bybit Payment Methods: Deposit/Withdrawal Options

Bybit exchange provides several options for depositing and withdrawing funds, catering to both crypto and fiat users. For crypto deposits, users can transfer assets from external wallets to their Bybit account, with no deposit fees. Each cryptocurrency has a specific minimum deposit amount, and certain coins like XRP and EOS require special deposit memos to ensure smooth transfers.

For those preferring fiat deposits, Bybit offers a solution through third-party payment providers such as Banxa, Xanpool, MoonPay, and Mercuryo.

You can purchase cryptocurrencies using credit cards like Visa or Mastercard, as well as through Google Pay and Apple Pay. Additionally, SEPA bank transfers are available for European users, allowing them to deposit euros into their Bybit accounts. Bybit doesn’t charge any fees for fiat deposits, but third-party payment providers may apply transaction fees based on their rates

Withdrawals on Bybit are primarily handled through crypto transfers. Users can transfer their funds to external wallets, though there is a fixed withdrawal fee that varies based on the cryptocurrency and network. Fiat withdrawals are not directly supported, but users can sell their crypto through Bybit’s P2P marketplace or third-party providers to convert it back into fiat.

Withdrawal Limits

There are withdrawal limits on the Bybit platform. The limits depend on your VIP level and the type of KYC verification completed.

Unverified users or those with basic email verification can withdraw up to 20,000 USDT daily and 100,000 USDT monthly. They cannot deposit funds and trade on the exchange.

Completing Individual KYC Level 1 significantly increases the daily limit to 1 million USDT, while Level 2 verification allows for even higher daily withdrawals of 2 million USDT. Business KYC offers the most significant allowance, with a daily limit of 4 million USDT.

Here is the full overview:

Tier Non-KYC users KYC users
VIP 0 Daily withdrawal limit ≤ 20K USDT

Monthly withdrawal limit ≤ 100K USDT

Daily limit  ≤ 1M USDT
VIP 1 Daily limit  ≤ 6M USDT
VIP 2 Daily limit  ≤ 8M USDT
VIP 3 Daily limit  ≤ 10M USDT

Bybit Supported Cryptocurrencies

Bybit supports a vast array of coins and tokens. The platform has a selection of 1219 different cryptocurrencies. This extensive variety includes not only popular cryptocurrencies but also many lesser-known and niche-based coins.

Among these, you will find coins related to Artificial Intelligence (AI), Layer 1 and Layer 2 solutions, Real-World Assets (RWAs), Metaverse projects, Non-Fungible Tokens (NFTs), GameFi, and more. Each category serves a unique purpose and appeals to different segments of the crypto community.

Here are some popular coins and tokens supported by Bybit:

Bybit Trading Platform and Products Reviewed

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User Score

9.7

#Super6Bybit

$1.2M Prize Pool Awaits

Build, Transform, Supercharge bbSOL!

Derivatives Trading

Derivatives Trading

The derivatives market deals in financial contracts whose value is derived from an underlying asset, like a stock, commodity, or in Bybit’s case, cryptocurrency. Bybit offers a robust platform for trading derivatives.

A popular derivatives product is “Futures Trading”. This involves an agreement to buy or sell a specific asset at a predetermined price on a future date. There are two main types of futures contracts offered on Bybit: Perpetual and Traditional Futures.

Perpetual Futures

These are essentially futures contracts without a fixed expiry date. They are designed to mimic the behavior of the underlying asset but remain open indefinitely. Traders can hold perpetual contracts for as long as they choose, with funding adjustments occurring periodically to maintain price parity with the underlying asset.

On Bybit, there are 387 perpetual contracts available for trading. These contracts allow you to speculate on the price of various cryptocurrencies with up to 125x leverage. There are three types of perpetual contracts on Bybit:

  • USDT-settled contracts: These contracts are settled in Tether (USDT), a stablecoin pegged to the US dollar. This allows traders to avoid price fluctuations associated with other cryptocurrencies while still speculating on the underlying crypto asset. (Example: BTC/USDT – This contract allows you to speculate on the future price of Bitcoin, settled in USDT).
  • USDC-settled contracts: These contracts use USDC (USD Coin) for settlement. An example would be an ETH/USDC contract, where you use USDC to trade Ethereum.
  • Coin-settled contracts: The contracts are settled in the underlying cryptocurrency itself. This offers a more traditional trading experience but exposes traders to price fluctuations of both the underlying asset and the settlement currency (Example: BTC/ETH – contract would use Bitcoin to trade Ethereum).

Perpetual Futures

Traditional Futures

Unlike perpetual contracts, traditional futures have a set expiry date. Bybit offers these contracts with weekly, monthly, and quarterly expirations, allowing traders to speculate on price movements within a defined timeframe. They come in two types: USDC-settled contracts and Coin-settled contracts

Bybit Order Types

On Bybit, various order types are available to enhance trading strategies beyond basic market and limit orders. Here are some advanced order types:

  • Chase Limit Order: This order type automatically adjusts the limit price to chase the best available price within a specified range. It’s ideal for capturing profitable entry points in a volatile market.
  • OCO Order (One-Cancels-the-Other): This pairs two conditional orders, a stop-loss and a take-profit order. When one order is filled, the other is automatically canceled, safeguarding your position from excessive losses while locking in profits.
  • TWAP (Time-Weighted Average Price): It spreads out a large order into smaller ones over a specified period, aiming to achieve the average price over time.
  • Iceberg Order: This order hides the true order size by breaking it into smaller visible orders. Only a small portion of the total order is shown in the order book, which is useful for large trades to avoid significant market impact.
  • Scaled Order: You can place multiple limit orders at different price levels. It helps in executing a strategy that involves buying or selling at various prices. The approach aims to improve order execution by mitigating the impact of sudden market movements.
  • Webhook Signal Trading: Bybit’s innovative webhook functionality allows traders to integrate automated trading strategies with external platforms like “TradingView”. This enables algorithmic trading based on pre-defined parameters and signals.

Options Contracts

Options contracts grant you the right, but not the obligation, to buy (call option) or sell (put option) a specific digital asset at a preset price (strike price) by a certain expiry date.

While Bybit doesn’t offer options on every cryptocurrency available for futures trading, they currently support options contracts for three major cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Similar to USDC-settled perpetual contracts, Bybit options are also settled in USDC.

Options Contracts

Margin Trading

Bybit offers spot margin trading, where you can borrow funds from the cryptocurrency exchange to invest in coins, with up to 5x leverage. By providing crypto assets as collateral, you can borrow additional funds from Bybit. These borrowed funds can then be used to open positions exceeding your current account balance. You also need to pay the hourly interest rates.

It allows you to take long positions (buying an asset with the expectation its price will increase) or short positions (selling a borrowed asset with the expectation its price will decrease) on various cryptocurrencies.

Bybit employs a concept known as Maintenance Margin Ratio (MMR). This ratio represents the minimum equity value a trader must maintain relative to their total borrowed position. If the value of a leveraged position falls below the MMR due to adverse market movements, the exchange will initiate a partial or full liquidation to ensure the platform recovers the borrowed funds.

Bybit Copy Trading

Bybit copy trading operates on a follower-master trader structure. Master traders, recognized for their expertise and successful strategies, can share their trades with followers. Followers, on the other hand, can elect to replicate the actions of these master traders within their own accounts.

Bybit’s copy trading platform prioritizes transparency, allowing followers to easily evaluate master traders’ performance before committing funds. Followers are granted access to historical data like:

  • 7-day, 30-day, and 90-day ROI
  • Win rate
  • Stability Index
  • AUM
  • Master’s PnL
  • Followers PnL
  • Avg. PnL per Trade
  • ROI Volatility
  • Profit-to-Loss Ratio

And more!

Bybit Copy Trading

The platform incorporates a profit-sharing mechanism, incentivizing both parties. Master traders are rewarded with a portion of the profits generated by their followers. This can be up to 15% of copier profit.

Instant Convert

Bybit’s “Convert” feature offers a cost-effective solution for cryptocurrency traders seeking to exchange their digital assets. This functionality allows you to swiftly convert between various cryptocurrencies supported on their Bybit Spot, Funding, Derivatives, Inverse Derivatives, or Unified Trading Accounts, all without incurring any transaction fees.

It supports both crypto-to-crypto conversion and fiat-to-crypto conversion. You can easily convert USDT to BTC or BTC to EUR without conversion fees.

Instant Convert

Zero Fees P2P Trading

Bybit’s P2P trading platform facilitates a direct peer-to-peer (P2P) marketplace for you to buy and sell cryptocurrencies using your local fiat currency. This system eliminates the middleman, allowing you to negotiate and agree upon the exchange rate directly with your counterparty. Bybit steps in to ensure a secure and transparent transaction process through a well-established “escrow system”.

Here’s how it works:

Bybit boasts an extensive selection of over 60 fiat currencies and a staggering 570+ payment methods, catering to your diverse global needs. 

Some of the popular P2P payment methods are:

  • Wise
  • Revolut
  • Bank Transfer
  • AirTM
  • Apple Pay
  • SEPA

And even physical cash payments.

When you place an order, whether buying or selling, Bybit securely holds the designated cryptocurrency in escrow. This essentially means Bybit acts as a trusted custodian, ensuring the crypto remains inaccessible until you fulfill your payment obligation.

For you as a buyer, the process is streamlined. You browse advertisements posted by sellers, selecting one that offers the desired cryptocurrency, price, and payment method.

Once you confirm the order details, Bybit locks the corresponding amount of cryptocurrency in escrow. You then proceed to make the payment directly to the seller using the chosen payment method. After the seller confirms receipt of the full payment, Bybit releases the cryptocurrency from escrow and transfers it to your Bybit wallet. Sellers enjoy a similar level of security.

In the Bybit P2P market, only 4 cryptocurrencies are supported:

  • BTC
  • ETH
  • USDT
  • USDC

Zero Fees P2P Trading

One-Click Buy

One-Click Buy supports an extensive selection of over 65 fiat currencies and 100+ coins and tokens. This includes major global denominations like USD, EUR, INR, and GBP.

In terms of payment methods, Bybit offers a multitude of options to cater to individual preferences and regional availability. Users can leverage traditional channels like bank transfers, with support for networks such as SEPA and FPS, ensuring smooth and familiar transactions.

Alternatively, for those seeking more immediate purchases, credit and debit cards from Visa and Mastercard are accepted. Bybit also integrates with third-party payment processors.

One-Click Buy

Institutional Trading (OTC Marketplace)

Bybit offers a robust institutional service suite designed to the specific needs of professional investors and hedge funds. This program prioritizes features that enhance efficiency, security, and control over large-scale cryptocurrency transactions.

By integrating directly with Bybit’s deep order book, institutions can leverage superior liquidity with good market depth, ensuring a fair trading environment of even the most sizable trades with minimal market impact.

The platform includes Over-The-Counter (OTC) trading. This facilitates large block trades directly between Bybit and the institution, ensuring complete confidentiality and bypassing the public order book.

Additionally, Bybit’s Institutional program removes pre-set trading limits, allowing institutions to customize order sizes to their specific requirements. You can perform up to $10M worth single trade. There is also “Pre-market trading”. It is tailored for trading new tokens before their official listing.

Automated Trading Bots

Bybit trading bots are software programs designed to execute buy and sell orders according to predetermined trading strategies.

The primary types of crypto trading bots available on Bybit include the spot grid, futures grid, futures martingale, and DCA bots.

  • Spot Grid: This strategy involves placing a series of buy and sell orders at specific price intervals within a defined range. As the price fluctuates within this range, the bot automatically executes trades, buying at lower prices and selling at higher prices.
  • Futures Grid: Similar to the spot grid, the futures grid bot operates with leverage.
  • Futures Martingale: The martingale approach involves doubling down on losing bets with the assumption that the price will eventually reverse and recoup previous losses.
  • DCA (Dollar-Cost Averaging): It is a conservative strategy that involves regularly investing a fixed amount of money into a particular asset, regardless of its price.

Automated Trading Bots

Bybit ETP (Leveraged Tokens)

Bybit Exchange-Traded Product (ETP) allows you to gain higher profits from price movements without needing to manage leverage manually.

For example, you believe the price of Bitcoin (BTC) will go up. Bybit’s Leveraged Tokens, like BTC3L, can magnify your potential gains. BTC3L is a token designed to mimic a 3x rise in the price of Bitcoin. So, if Bitcoin increases by 10%, BTC3L should theoretically increase by 30%. This amplification can lead to bigger profits if your prediction is correct.

Bybit’s ETPs have a concept called Net Asset Value (NAV). It represents the theoretical value of the token based on the underlying perpetual contracts. The NAV should ideally move in line with the price of the underlying asset.

Bybit Spot X Review

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User Score

9.7

#Super6Bybit

$1.2M Prize Pool Awaits

Build, Transform, Supercharge bbSOL!

Bybit Spot X is a user-friendly platform designed to help you participate in new cryptocurrency projects. It acts as a central hub, bringing together all of Bybit’s latest Spot listings through various engaging events.

  • ByStarter: This program gives you a head start on participating in innovative Web3 projects. ByStarter can connect you with the cutting-edge developments in this crypto market.
  • Launchpad: Ever wished you could get in on the ground floor of a promising new cryptocurrency? Launchpad allows you to do just that. It provides early access to new tokens before they are widely available.
  • ByVotes: Bybit empowers you to influence which projects get listed on the platform. Through ByVotes, you can cast your vote for the cryptocurrencies you’d like to see Bybit offer.
  • Launchpool: It allows you to stake your existing cryptocurrency and receive rewards in the form of new tokens being launched on the platform.

Bybit Spot X Review

Bybit Earn Products Explained

Bybit Earn is a service that helps you make money with your crypto HODLings. It offers several ways to grow your earnings. Here is a simple explanation of each product:

  • Bybit Savings: This is the core product, allowing users to earn interest on their cryptocurrencies.
  • Fixed/Flexible Staking: With Fixed Staking, you lock your crypto for a set time and earn a fixed interest rate. You cannot withdraw your crypto until the period ends, but this option usually gives you higher rewards. With Flexible Staking, you can withdraw your crypto anytime and earn a variable interest rate. You can earn up to 10% APR with flexible savings.
  • Dual Asset: allows you to earn from two different assets. You deposit one asset and earn interest based on the performance of two assets.
  • Liquidity Mining: This involves providing liquidity to decentralized exchanges (DEXs) and earning rewards in the form of tokens.
  • Double-Win: This product offers the potential for higher returns but also carries higher risk.
  • Wealth Management: aenables users to stake their crypto assets and earn interest through professional investment tools and a variety of portfolios.

Bybit Earn Products

Bybit Web3 Platform

With the Bybit Web3 portal, you can buy, sell, and trade over 10,000 different cryptocurrencies on more than 20 blockchains. It also offers Initial DEX Offerings (IDO) so you can get in on the ground floor of promising ventures.

Bybit Web3 isn’t just about buying and selling. You can also earn rewards. Participate in airdrop events to win free crypto or stake your assets (on-chain staking) to earn up to 30% annual percentage yield (APY).

It also has a user-friendly NFT platform. Here, you can explore and browse thousands of unique digital collectibles built on the Ethereum blockchain, all from one convenient location. They’re even working on adding more blockchains like Bitcoin (BTC) and Solana (SOL) in the future, giving you an even wider variety to choose from.

Is Bybit a Safe Crypto Exchange?

Bybit takes its security very seriously, employing multiple layers of protection to ensure that users’ funds and data remain safe. Here are some important security steps:

Bybit Exhange Security

  • Login Security: Bybit uses strong login protocols that include human-computer checks, two-factor authentication (2FA), and hardware authentication options. It allows the use of physical security keys like YubiKey for even more protection.
  • Triple Layer Asset Protection: It stores user funds offline in secure cold wallets. The crypto platform also utilizes a multi-signature system, requiring multiple approvals for any fund movement, further enhancing security. It uses a combination of multi-signature, Trusted Execution Environment (TEE), and Threshold Signature Schemes (TSS).
  • Anti-phishing code: The exchange combats phishing emails by including unique anti-phishing codes in all legitimate Bybit emails. If an email claiming to be from Bybit lacks this code, it’s likely a phishing attempt designed to steal your login credentials.
  • Withdrawal address whitelisting: A security feature that allows you to pre-approve specific cryptocurrency addresses for receiving withdrawals. Any attempt to withdraw funds to an unapproved address will be blocked.
  • Proof-of-Reserves (PoR): These independent audits verify that Bybit actually holds the cryptocurrency it claims to have in reserve. According to on-chain data, it currently holds over $9 billion in user assets.

Also, one of the main strategies Bybit uses is cold storage, where nearly all user assets are stored offline, making them less vulnerable to hacking attempts. Only a small amount of funds are held in hot wallets to process daily transactions, while the majority remain air-gapped.

To further protect assets, Bybit utilizes multi-signature (multi-sig) wallets. This means that multiple approvals are required before funds can be moved, making it impossible for a single individual or hacker to access and transfer funds without proper authorization from different parties.

Bybit uses SSL-encrypted communication, protecting any data transferred between users and the exchange. Regular certified security audits are also conducted by third-party firms, which have rated Bybit’s security framework highly. In fact, Bybit has received an AA security rating from CER, a testament to its commitment to maintaining a secure trading environment.

Bybit Security Rating

Bybit Insurance Fund

Bybit has created an Insurance Fund as a safeguard for traders, particularly those engaging in leveraged futures trading, where significant risk is involved. This fund acts as a buffer to prevent users from losing more than their initial investment when their trades go against them, helping to cover losses beyond a user’s margin. This is particularly valuable during times of high market volatility when price swings can lead to rapid liquidations.

The way this works is that when a trader’s position is liquidated, and their remaining margin cannot cover the loss, Bybit’s insurance fund steps in to cover the difference. This prevents traders from having a negative balance, ensuring they do not owe more than they originally invested. This also stabilizes the overall platform, reducing the risk of widespread issues.

Funds for this insurance pool are collected from the fees that come from liquidations. Bybit aims to keep the insurance fund well-capitalized to handle large market swings. In extreme scenarios, when the insurance fund is not enough to cover all losses, Bybit implements auto-deleveraging (ADL), where the platform automatically reduces the most profitable traders’ positions to cover the losses of others.

Bybit Insurance Fund

Bybit KYC Requirements

Bybit offers higher security and withdrawal limits (as discussed above) through a step-by-step Know Your Customer (KYC) verification process.

The system uses different ways to check your identity. Bybit asks for official papers like government IDs, proof of where you live (bank statements or utility bills), and facial recognition scans. Basically, the more information you give, the more you can withdraw.

The table below shows the different KYC verification levels on Bybit:

KYC Level User Action Document Verification Limits
Level 0 Sign up Daily ≤ 20,000 USDT, Monthly ≤ 100,000 USDT
Level 1 Upload ID/Passport & Facial Scan ID authenticity & facial recognition Daily ≤ 1,000,000 USDT, No Monthly Limit
Level 2 Proof of Residency Proof of address (bank statement or utility bill) Daily ≤ 2,000,000 USDT, No Monthly Limit

Bybit Mobile App and User Experience

Bybit app offers a user-friendly and feature-rich platform for buying, selling, and trading cryptocurrencies on the go. The app offers easy access to Spot and Derivatives markets.

The mobile app also allows for seamless deposits and transfers using multiple cryptocurrencies and even fiat currencies. The app also integrates with Bybit Web3, enabling you to interact with the decentralized finance (DeFi) ecosystem, including accessing DeFi applications (dApps) and non-fungible tokens (NFTs).

The Bybit app is available for both Android and iOS devices. It receives some good user ratings with 4.6/5 on the Play Store and 4.7/5 on the App Store.

Is the Bybit Mobile App Available?

One of the key features that traders appreciate is the access to advanced charting tools. This allows users to conduct technical analysis directly from their phones, which is essential for those who need to make decisions quickly while away from their desktops. With these tools, you can monitor price movements, apply indicators, and study trends all within the mobile interface, without losing functionality.

The app also excels in order management. Whether you’re dealing with Spot trading or Derivatives, it allows you to open, monitor, modify, or close positions easily. This is crucial in a fast-moving market like crypto, where prices can change rapidly, and timely actions are necessary. The app’s responsive design ensures that you can make changes on the fly without delays.

The overall user experience is enhanced by a simple and clean user interface, making it easy for traders of all levels to navigate. Whether you’re a beginner or an experienced trader, the app’s design helps you perform even complex tasks without feeling overwhelmed. The layout is intuitive, and actions like checking your portfolio, placing orders, or adjusting settings are straightforward. This ease of use is one of the reasons why many users leave positive feedback.

Bybit Customer Support & User Reviews

The derivatives exchange offers customer support to its users through multiple channels, aiming to assist 24/7. The Help Center serves as a self-service knowledge base. It includes a comprehensive collection of articles, FAQs, and guides covering various topics related to the platform, trading functionalities, account management, and security.

For real-time assistance, Bybit offers a live chat feature. This allows you to connect directly with a customer support representative and have your questions addressed conversationally. The live chat functionality is accessible from the Bybit website

Bybit also provides a support ticket system. You can submit a detailed request outlining your issue and any relevant information. This option is suitable for complex inquiries that require a more thorough investigation or specific documentation. You can also email your queries to support@bybit.com.

bybit-logo-white

User Score

9.7

#Super6Bybit

$1.2M Prize Pool Awaits

Build, Transform, Supercharge bbSOL!

Bybit Restricted Countries

Although Bybit operates in over 160 countries, the platform is notably restricted in certain regions due to regulatory constraints. The United States is one of the key countries where Bybit is not accessible, largely because of the strict financial regulations and compliance requirements imposed by U.S. authorities.

This restriction also applies to other countries such as the United Kingdom and Canada, where similar regulatory challenges exist. Despite these limitations, Bybit continues to expand its presence in compliant regions, such as Dubai and Cyprus, where it functions as a regulated Virtual Asset Service Provider.

How to get Started with Bybit?

Step 1: Creating an Account

To begin your journey with Bybit, the first step is creating an account. This process is quick and hassle-free. Simply visit the Bybit website and click on the “Sign Up” button. You’ll be prompted to provide basic information such as your email address and password. Once completed, your account will be created, granting you access to the platform.

Step 1: Creating an Account

Step 2: Completing KYC

After creating your account, the next step is to complete the KYC process. Go to the profile section and click on “Account & Security”. Now, click on “identity verification”. To complete KYC, you’ll need to provide valid identification documents such as a passport or driver’s license.

Step 2: Completing KYC (Know Your Customer)

Step 3: Depositing Funds

Bybit supports various cryptocurrencies for deposit, including Bitcoin, Ethereum, and more. To deposit funds, navigate to the “Assets” section of the platform and select “Deposit”. You’ll be provided with a unique deposit address for the cryptocurrency of your choice.

Simply transfer the desired amount of funds to this address, and your account balance will be updated accordingly. You can also deposit currencies like USD, EUR, and INR through P2P trading or the one-click buy section (as discussed above).

Step 3: Depositing Funds

Step 4: Trading Crypto on Bybit

To initiate a trade, navigate to the “Markets” section of the platform and select the trading pair you wish to trade. You can choose from a variety of trading pairs, including BTC/USD, ETH/USD, and more.

Enter the desired trade details, such as the amount and price, and confirm your trade. The exchange provides real-time market data and advanced trading tools to help you.

Step 4: Trading Crypto

Bybit Alternatives: Bybit vs Other Exchanges

Some of the best Bybit alternative cryptocurrency exchanges are Binance and MEXC.

Features Bybit MEXC Binance
Launched Date 2018 2018 2017
Best for Derivatives trading No-KYC altcoin trading High volume and liquidity
Trading Features Spot, futures, margin, options, copy trading, bots, and more Futures and Spot trading Spot, futures, margin, copy trading, bots, and more
Staking Services
Solvent (PoR)
Maximum Leverage 125x 200x 125x
Web3 Ecosystem
Supported coins 1219+ 2300+ 381+
Trading fees 0.1% maker/taker 0% maker and 0.1% taker 0.1% maker/taker
US presence Separate platform Binance U.S. available

If you looking for other exchanges, you can also check out our detailed guide on OKX review and Bitget review.

Bybit Review: Final Thoughts

To conclude our review, Bybit is one of the most legitimate trading platforms to buy and sell digital cryptocurrencies for both new and advanced traders. They have many different supported cryptocurrencies to choose from and a variety of trading instruments, including leverage trading, spot, and futures contracts.

While regulatory restrictions limit access for some countries like the United States and Canada, Bybit prioritizes security with stringent measures like multi-layer asset protection and regular audits, instilling trust among its users. Overall, the Bybit exchange is a good choice for people who want to buy and sell digital assets easily and safely.

bybit-logo-white

User Score

9.7

#Super6Bybit

$1.2M Prize Pool Awaits

Build, Transform, Supercharge bbSOL!

Bybit Exchange Review: FAQs

Who is the CEO of Bybit?

Bybit is led by Ben Zhou, who co-founded the company and currently serves as its CEO. Prior to Bybit, Zhou’s experience lies in the traditional finance sector. Between 2010 and 2017, he held the position of Chinese General Manager at XM, a company specializing in foreign exchange and CFD trading.

Can I trust Bybit with my cryptocurrency holdings?

Yes, you can trust Bybit with your crypto holdings. Bybit takes user security seriously and employs various measures to safeguard your account and assets.

These measures include strong login protocols, multi-layer asset protection, anti-phishing codes, withdrawal address whitelisting, and regular Proof-of-Reserves audits to verify the cryptocurrency reserves held by the exchange.

Are US citizens allowed to trade on Bybit?

US citizens are not allowed to trade on Bybit. It is not available in the United States due to regulatory restrictions. However, you can still use Bybit Web3 services as a US customer.

Does Bybit offer leverage trading?

Yes, Bybit offers leverage trading. Users can trade with leverage of up to 125x on popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). It offers a comprehensive leverage trading market including perpetual futures and margin trading.

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Zoomex Review 2025: Safety, Fees, Pros & Cons https://nftevening.com/zoomex-review/?utm_source=rss&utm_medium=rss&utm_campaign=zoomex-review Mon, 24 Jun 2024 02:54:57 +0000 https://nftevening.com/?p=138764 The cryptocurrency market continues to evolve rapidly, with new exchanges emerging all the time. One such platform is Zoomex, established in 2021 to provide a user-friendly and secure environment for

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The cryptocurrency market continues to evolve rapidly, with new exchanges emerging all the time. One such platform is Zoomex, established in 2021 to provide a user-friendly and secure environment for crypto trading. 

Dive into our comprehensive Zoomex review, where we delve into the platform’s cutting-edge trading features, robust security measures, and transparent fee structure. We’ll also examine its potential advantages and limitations, providing you with all the insights needed to determine if this exchange is the perfect fit for your trading needs.

Zoomex Exchange Overview

Zoomex is a popular derivatives trading platform launched in 2021. It aims to deliver a smooth trading experience and strong security protocols. The platform is designed for both beginners and seasoned traders, offering a variety of advanced charting and trading tools.

It supports over 300 perpetual contracts and has a significant user base with 2 million registered users from 30 countries. The platform handles a large trading volume, with over $5 billion traded in the last 24 hours (at the time of writing).

Zoomex Exchange Overview

One of the key features of Zoomex is its high-speed trading interface, which has a latency of less than 10 milliseconds, ensuring a fast and efficient trading experience. The platform offers various services, including spot trading, derivatives trading, and decentralized exchange options. You can also participate in copy trading and use the mobile app for trading on the go.

Pros of Zoomex

  • No KYC trading, without requiring personal information
  • Trading fees are customizable based on the user, which other exchanges do not offer
  • They provide customer support around the clock, which can help resolve any issues
  • Fast and convenient deposit and withdrawal services for various cryptocurrencies
  • Unlike some exchanges, Zoomex does not issue its own tokens, avoiding potential conflicts of interest

Cons of Zoomex

  • Limited fiat currency deposit channels
  • Some advanced trading features like margin trading and options trading are not available
  • Does not support automated trading bots and staking services

Zoomex Features: Why Choose Zoomex?

Advanced Derivatives Market

Zoomex Exchange offers a robust derivatives market designed for various trading strategies. This market includes different types of contracts, such as USDT perpetual and inverse perpetual contracts.

  • USDT perpetual contracts are settled in USDT, a stablecoin pegged to the US dollar. These contracts enable traders to go long or short without an expiration date.
  • Inverse perpetual contracts are settled in the underlying cryptocurrency, such as Bitcoin or Ethereum, rather than in a stablecoin. This means that profits and losses are realized in the cryptocurrency itself.

To trade derivatives, it also offers two margin modes: cross margin and isolated margin.

  1. In cross-margin mode, all available balance in the trader’s account is shared among all open positions to prevent liquidation.
  2. In isolated margin mode, the margin is limited to the amount allocated to each position. If the position is at risk of liquidation, only the isolated margin is at risk, protecting the rest of the trader’s funds. So, if you are a beginner, we recommend starting with an isolated mode to reduce exposure and risk. 

 Zoomex offers up to 300 futures contracts. This gives traders many different trading options. Traders can use leverage up to 150x.

Advanced Derivatives Market

Copy Trading

Zoomex’s copy trading feature lets you copy the trades of expert traders, called master traders. This helps beginners make profits without having to know a lot about trading. How it works: when you choose a master trader to follow, your account will automatically copy their trades in real-time. This means no trading knowledge is required.

Some of the benefits are:

  • Transparency: You can see detailed information about master traders, such as their past performance and trading strategies. This helps you choose the right trader to follow.
  • Hands-Free Trading: You don’t need to constantly watch the market or manage your trades.
  • Earnings: Master traders can earn up to 3,000 USDT in monthly bonuses based on their trading success and follower count, on top of their own trading profits.
  • Profit Sharing: If you become a master trader, you get up to 10% of the profits generated from your followers’ trades.

Copy Trading

No KYC Required

Zoomex is a popular no-KYC crypto exchange. This means you can trade without completing ID verification, which simplifies and speeds up the process of getting started. This feature enables you to remain anonymous while still accessing the platform’s comprehensive trading tools and features.

On Zoomex, you can withdraw up to 100 BTC without KYC verification. If you want to withdraw more than 100 BTC a day, you’ll need to complete your KYC verification. Completing KYC verification increases your daily withdrawal limit to 200 BTC.

High Security Measures

Zoomex prioritizes the safety of its users’ assets through several strong security measures. One of the main security features is the use of multi-signature (multi-sig) wallets for both cold and hot storage. This system requires multiple approvals for a transaction, making it harder for unauthorized access. You can also set up 2FA using Google Authenticator.

Plus, Zoomex uses advanced security protocols to ensure platform integrity. Continuous monitoring and real-time data analysis help detect and respond to suspicious activity quickly. The platform is designed to provide high liquidity and reliable pricing, even in volatile markets, ensuring zero price slippage.

The crypto exchange also offers 24/7 multilingual customer support to help users with any security issues. This constant support ensures users can get help whenever needed, increasing the platform’s reliability and security.

High Security Measures

Diverse Events and Generous Rewards

Zoomex hosts a variety of events and offers numerous bonus rewards for its users.

It offers a significant signup bonus for new users, which can go up to $45,115. This bonus is available when new users create an account, make their first deposit, and start trading. The specific rewards are tiered based on the amount deposited and the trading activities undertaken by the user.

For instance, depositing $500 can make you eligible for a $10 reward. Plus, the Zoomex Task Center allows you to complete simple tasks to claim exclusive rewards. These tasks include activities like logging in daily, making trades with high trading volume, or participating in community events. Rewards from the Task Center can include trading bonuses and fee discounts.

Diverse Events and Generous Rewards

Switch between Centralized and Decentralized Exchange

Zoomex offers both centralized (CEX) and decentralized (DEX) exchange services. You can switch between both exchanges with a simple toggle button. 

The decentralized side of Zoomex allows you to engage in anonymous, intermediary-free transactions via smart contracts. This ensures privacy and control over assets, as transactions are directly managed on the Ethereum blockchain without a central authority. You can read more about Zoomex DEX here

Zoomex Fees & VIP Benefits

For regular users, Zoomex charges some of the lowest transaction fees in the industry, with trading fees of 0.02% maker and 0.06% taker. For VIP members, Zoomex provides even more significant fee reductions and exclusive benefits. The VIP program is structured across five levels, each offering progressively larger discounts and additional perks. 

To qualify for VIP status, you need to meet certain trading volume thresholds within 30 days. Here’s a breakdown of the benefits at different VIP levels:

  • VIP1: For users with a 30-day trading volume of at least $5 million, the maker fee is 0.020% and the taker fee is reduced to 0.036% (a 40% discount).
  • VIP2: With a trading volume of $10 million, the taker fee drops further to 0.033% (a 45% discount).
  • VIP3: At $30 million, users enjoy a 50% discount on both maker (0.01%) and taker (0.03%) fees.
  • VIP4: For $50 million in trading volume, the maker fee is reduced by 70% to 0.006% and the taker fee by 55% to 0.027%.
  • VIP5: The highest level, requiring $100 million in trading volume, offers a 90% discount on maker fees (0.002%) and a 60% discount on taker fees (0.024%).

Zoomex Fees & VIP Benefits

In addition to fee discounts, VIP members can earn monthly bonuses based on their trading volumes, ranging from $100 for VIP1 to $1,500 for VIP5. Moreover, they benefit from an annualized interest rate of 4.8% on their deposits, with specific minimum asset requirements for each level.

Zoomex’s VIP members also enjoy exclusive privileges such as personalized customer support, higher withdrawal limits, and access to a priority service for deposits and withdrawals. Check full Zoomex VIP benefits here.

Zoomex Review: Final Thoughts

To sum up our Zoomex review, it is a popular crypto asset trading platform. It particularly suits those interested in spot trading, futures trading, and no-KYC trading. Their focus on security with features like multi-signature cold wallets is also a positive point to consider. 

However, the lack of advanced trading tools like margin trading, options trading, and staking services is a simple drawback.

Disclaimer: The content is provided by Zoomex in collaboration with the NFTevening team to highlight the features and benefits of the Zoomex exchange.

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KuCoin Referral Code 2025: QBA87S79 ($11,000 USDT Sign-Up Bonus) https://nftevening.com/kucoin-referral-code/?utm_source=rss&utm_medium=rss&utm_campaign=kucoin-referral-code Thu, 30 May 2024 16:14:37 +0000 https://nftevening.com/?p=138353 If you’re new to KuCoin, it’s a popular trading platform for buying and selling cryptocurrencies. But what’s all the buzz about referral codes? Simply put, they’re your ticket to earning

The post KuCoin Referral Code 2025: QBA87S79 ($11,000 USDT Sign-Up Bonus) appeared first on NFT Evening.

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If you’re new to KuCoin, it’s a popular trading platform for buying and selling cryptocurrencies. But what’s all the buzz about referral codes? Simply put, they’re your ticket to earning signup rewards when you invite friends to join the KuCoin exchange. In this guide, we’ll explore what KuCoin referral code is, how it works, and how you can benefit.

Kucoin logo

KuCoin Referral Code

Bonus up to $11,000 USDT

Get 20% Lifetime Discount on Trading Fee

Code Valid: May 2025

What is the KuCoin Referral Code?

Crypto Exchange

KuCoin

Referral Code

QBA87S79

Signup Bonus or Referral Bonus

Up to 10,500 USDT in the futures bonus

Welcome Bonus

Up to 500 USDT (400 USDT coupons + 100 USDT reward)

Trading Fees Discount

20%

Mystery Box

Yes

Referral Program and Affiliate Program

Yes

KuCoin Referral Link

https://nftevening.com/recommends/kucoin/

A KuCoin referral code is a special invitation code that you can use to invite others to join the KuCoin cryptocurrency exchange. When someone uses your referral code to sign up, both you and the new user get rewards.

The best KuCoin referral code is “QBA87S79” which offers several benefits. When you use this invite code to sign up, you can receive a signup bonus of up to 10,500 USDT in the form of a futures bonus. Additionally, you will enjoy a trading fee rebate of 20%, making trading more cost-effective.

New users who sign up with this KuCoin promo code “QBA87S79” also get a welcome bonus. This welcome bonus includes a 400 USDT in coupons & vouchers and 100 USDT rewards, adding up to a total of 500 USDT. You will also get a mystery box with additional rewards.

KuCoin Referral Bonus & Signup Rewards

To get the KuCoin signup bonus, you need to complete certain tasks involving deposits and trade volumes. Here’s how it works:

  • For a 100 USDT bonus, make a net deposit of 100 USDT and reach a trading volume of 1,000 USDT.
  • For a 400 USDT bonus, make a net deposit of 1,000 USDT and achieve a trading volume of 10,000 USDT.
  • For a 800 USDT bonus, make a net deposit 5,000 USDT and reach a trading volume of 30,000 USDT.
  • For a 1,500 USDT bonus, make a net deposit 10,000 USDT and reach a trading volume of 50,000 USDT.
  • For the maximum bonus of 8,000 USDT, deposit 100,000 USDT and reach a trading volume of 200,000 USDT.

KuCoin also offers additional rewards for newcomers and high-volume traders. Newcomers can enjoy an APR of 100% for seven days, with additional rewards of up to 2,500 USDT for high-volume trading.

  • For new users, there is an exclusive 7-day APR of 1,000%, plus an extra up to a 18 USDT futures trial funds. The subscription limit for this offer is between 1 to 100 USDT.
  • For high-asset holders, there is a 35-day APR of 5%, plus an extra up to 2,500 USDT futures trial funds. The subscription limit for this offer ranges from 10,000 to 500,000 USDT.

KuCoin SignUp Bonus 2025

How to Use KuCoin Referral Code “QBA87S79

Kucoin logo

KuCoin Referral Code

Bonus up to $11,000 USDT

Get 20% Lifetime Discount on Trading Fee

Code Valid: May 2025

Step 1: Create a KuCoin Account and Verify Identity

Join KuCoin by visiting the KuCoin website. Look for the “Sign Up” button at the top right corner of the homepage. You can also use our direct referral link. Click it, and you will see a registration form. Enter your email address and create a strong password. You must also enter the referral code “QBA87S79” in the designated field.

After filling in the details, click the “Create Account and Claim Reward” button to proceed. You will receive a verification email from KuCoin. Open the email and click the verification link. This will activate your account.

Sign Up with Kucoin Referral Code

To verify your identity, click on your profile and select “Identity Verification” from the dropdown menu. You will be asked to provide personal information, such as your full name, date of birth, and address. You must also upload a photo of a government-issued ID, such as a passport or driver’s license. Follow the instructions to complete the process. Verification may take some time, so be patient.

Verify Identity

Step 2: Deposit Funds

After verifying your identity, you can deposit funds into your KuCoin account. To do this, go to the “Assets” tab at the bottom of the page and select “Deposit.” Choose the cryptocurrency you want to deposit from the list. KuCoin supports a wide range of cryptocurrencies, so you have many options. After selecting the cryptocurrency, you will see a deposit address. Copy this address and use it to transfer funds from your external wallet to your KuCoin account.

Deposit Funds

You can also deposit fiat currencies like USD, EUR, GBP, and more by using P2P trading or credit and debit cards. You can also use third-party payment providers like Simplex, Banxa, and more.

Choose a payment method

Step 3: Start Trading and Buy Crypto

Go to the “Markets” tab. Here, you will see a list of available trading pairs. KuCoin offers 900+ coins, so you can trade various cryptocurrencies. Select the trading pair you are interested in. For example, if you want to trade Bitcoin for Tether, choose the BTC/USDT pair.

After selecting a trading pair, you will be directed to the trading page. On this page, you will see the order book, price chart, and trade history. To make a trade, use the order form on the right side of the page. There are different types of orders you can place, such as limit orders and market orders.

Enter the amount you want to trade and click the “Buy” button. Market orders are executed immediately.

Start Trading and Buy Crypto

Step 4: Claim a 500 USDT Welcome Bonus

Go to the “Rewards Hub” section. Now, you can claim your first up to 500 USDT welcome bonus, which you get based on the following terms and conditions:

  • Sign Up: 0.01 to 20 USDT
  • KYC: 0.01 to 20 USDT
  • First Deposit: 0.01 to 20 USDT
  • First Trade: 0.01 to 20 USDT
  • Advanced Trade: 0.01 to 20 USDT
  • 400 USDT in Coupons & Vouchers

KuCoin Welcome Bonus

About KuCoin Exchange

KuCoin is a cryptocurrency exchange that has carved a niche for itself since its inception in 2017. Based in Seychelles, it quickly gained traction due to its wide array of trading services like spot trading, futures trading, margin trading, P2P trading, and leveraged tokens. By early 2024, it had amassed over 40 million registered users globally, reflecting its significant presence in the crypto world.

KuCoin Exchange Services

The exchange supports more than 900 cryptocurrencies. The platform’s trading volume is impressive, often exceeding $1.9 billion in daily transactions. KuCoin’s native token, KCS (KuCoin Shares), plays a pivotal role in its ecosystem. Holders of KCS benefit from reduced trading fees and higher staking rewards.

KuCoin’s trading fees are competitively structured. The base trading fee is 0.1% maker/taker, which can be reduced further with a 20% discount by using KCS for fee payment or by achieving higher trading tiers based on 30-day trading volume. Security is a cornerstone of KuCoin’s operations. The platform employs industry-leading security protocols, including cold storage wallets, multi-factor authentication, and encryption techniques to protect user assets.

Through its KuCoin Earn program, you can participate in staking and lending activities to earn passive income on your crypto holdings. KuCoin trading bots also provide opportunities for automated trading strategies.

KuCoin’s user interface is designed to be intuitive and user-friendly, catering to both beginners and experienced traders. The platform is accessible via web and mobile app, ensuring you can trade on the go. Additionally, KuCoin provides comprehensive customer support, available 24/7, and an extensive knowledge base to assist users with any issues or inquiries.

Conclusion

KuCoin stands out as a top choice for both new and experienced users for trading crypto. By using the referral code “QBA87S79” during sign-up, you can unlock substantial rewards and benefits, including a generous welcome bonus, trading fee discounts, and a futures bonus.

With its wide range of supported cryptocurrencies, advanced security measures, and user-friendly interface, KuCoin offers a comprehensive trading experience. For more rewards, you can also check out our OKX referral code and Bitget referral code guides.

Kucoin logo

KuCoin Referral Code

Bonus up to $11,000 USDT

Get 20% Lifetime Discount on Trading Fee

Code Valid: May 2025

KuCoin Invite Code: FAQs

What is the referral code for KuCoin?

The KuCoin referral code is “QBA87S79”. By entering this invite code, you and the person who referred you can receive various rewards, including 10,500 USDT futures bonuses, 20% trading fee discounts, and 500 USDT welcome bonuses.

How much is the KuCoin referral bonus?

The KuCoin referral bonus can be quite substantial. When you use the referral code “QBA87S79” to sign up, you can earn up to 8,200 USDT as a futures bonus. Additionally, you receive a 20% discount on trading fees and a welcome bonus of 700 USDT, which includes a 200 USDT fee coupon and 500 USDT in rewards. These bonuses are designed to make your trading experience more profitable and cost-effective.

How do I claim my KuCoin welcome bonus?

To claim your KuCoin welcome bonus, first, sign up using the KuCoin referral code “QBA87S79”. After creating and verifying your account, deposit funds into your KuCoin account and trade crypto. Complete tasks like making your first deposit and executing your first trade. By doing so, you can unlock different parts of the welcome bonus, which can total up to 700 USDT. Check the “Rewards” section on KuCoin to claim these bonuses once you meet the required conditions.

Can I make money with KuCoin?

Yes, you can make money with KuCoin in several ways. Besides earning from crypto trading, it offers additional earning opportunities. You can participate in staking and lending activities through “KuCoin Earn” to generate passive income. The platform also provides trading bots for automated trading strategies, which can optimize your trades. By leveraging these features along with the bonuses and discounts from the referral code “QBA87S79”, you can enhance your earning potential.

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KuCoin Review 2025: Fees, Safety, Pros & Cons https://nftevening.com/kucoin-review/?utm_source=rss&utm_medium=rss&utm_campaign=kucoin-review Thu, 30 May 2024 04:10:55 +0000 https://nftevening.com/?p=138351 In the crypto market, there are many trading platforms to buy and sell cryptocurrencies. One of the notable names is the KuCoin crypto exchange. This KuCoin review will explain what

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In the crypto market, there are many trading platforms to buy and sell cryptocurrencies. One of the notable names is the KuCoin crypto exchange. This KuCoin review will explain what it is, how it works, and what it’s good for, all in easy-to-understand words.

KuCoin Exchange Review – At a Glance

Launched Date 2017
Headquarters Seychelles
Available Assets 900+ tokens and 1300+ trading pairs
Trading Features Spot, futures, margin, trading, bots, leveraged tokens, staking services, API trading, P2P trading
Trading Fees
  • 0.1% maker/taker for spot
  • 0.02% maker and 0.06% taker for futures
Earn Services Savings, snowball, shark fin, dual investment, lending, and more
Trading Bots Spot & Futures Grid, Rebalance, martingale, DCA
Security 2FA, cold storage, SSL encryption, address whitelisting, PoR, security audits
US availability No
KuCoin Mobile App Android and iOS
Kucoin logo

User Score

9.3

Promotion

Bonus up to $11,000 USDT

Get 20% Lifetime Cashback on Every Trade

What is KuCoin?

KuCoin is a well-known cryptocurrency exchange that began operations in September 2017. Headquartered in Seychelles, it has grown rapidly, now serving over 40 million KuCoin users in more than 200 countries. Despite its large user base, it is not regulated by any national licensing bodies but operates legally as a Digital Asset Exchange under Seychelles law.

The exchange provides a wide range of advanced trading options. You can engage in spot trading, margin trading, futures trading, and trading leveraged tokens. The cryptocurrency exchange supports approximately 900 cryptocurrencies, including BTC, ETH, and its native KCS tokens.

 KuCoin Products & Services

The platform is designed to be accessible, with a user-friendly interface available on both the website and mobile app, supporting multiple languages. This makes it easier for users around the world to trade cryptocurrencies. However, while some features are beginner-friendly, KuCoin is best suited for experienced and advanced traders.

KuCoin’s financial performance is also robust, with an average daily trading volume of approximately $1 billion USD. This significant volume reflects the platform’s liquidity and high trading activity. The matching engine is also super fast, with low latency and minimal price slippage.

Pros of KuCoin

  • The exchange offers a massive variety of over 900 cryptocurrencies, including many up-and-coming altcoins
  • Competitive fee structure with 20% discounts for holding its native token – KuCoin Shares (KCS) Token
  • Offers various ways to earn interest on your crypto holdings through staking, lending, and flexible earning
  • Automate your trading strategies with built-in bots
  • The user-friendly mobile app allows for convenient crypto management

Cons of KuCoin

  • Primarily crypto-to-crypto exchange, with limited fiat-off-ramp (withdrawal)
  • Copy trading is not available
  • Not available for the US crypto traders
  • Receives poor user reviews on customer service, withdrawal & deposit process.

KuCoin Fees

Spot Trading Fees

On KuCoin, the standard spot trading fees start at 0.1% for both makers and takers.

  • Makers add liquidity to the market by placing limit orders. These orders sit on the order book until they are matched by a taker. Makers generally benefit from lower fees compared to takers.
  • Takers remove liquidity from the market by fulfilling existing orders. Takers usually pay a higher fee than makers.

Furthermore, KuCoin operates a VIP program, providing additional benefits and lower fees for high-volume traders. The VIP tiers are based on trading volume and KCS holdings, offering incremental benefits as you progress through the levels.

This is ideal for institutional traders or individuals trading large amounts of cryptocurrency. The discount can be as high as 20% when paying fees using KCS.

VIP Level KCS Held Spot Trading Volume (USDT, 30 Days) Maker Fee Taker Fee 24h Withdrawal Limit (USDT)
LV0 0.100% 0.100% 1,000,000
LV1 ≥ 1,000 ≥ 3,000,000 0.090% 0.100% 3,000,000
LV2 ≥ 10,000 ≥ 6,000,000 0.075% 0.090% 3,000,000
LV3 ≥ 20,000 ≥ 13,000,000 0.065% 0.085% 5,000,000
LV4 ≥ 30,000 ≥ 35,000,000 0.045% 0.065% 5,000,000
LV5 ≥ 40,000 ≥ 55,000,000 0.035% 0.055% 10,000,000

Futures Fees

KuCoin also offers competitive fees for futures trading, which are based on a tiered system similar to their spot trading fees. The base rate starts at 0.02% makers and 0.06% takers.

VIP Level 30-Day Futures Trading Volume (USDT) Maker Fee Taker Fee
VIP 0 0.02% 0.06%
VIP 1 ≥ 5,000,000 0.018% 0.06%
VIP 2 ≥ 8,000,000 0.015% 0.06%
VIP 3 ≥ 16,000,000 0.010% 0.06%
VIP 4 ≥ 40,000,000 0.008% 0.053%
VIP 5 ≥ 60,000,000 0.006% 0.048%

You can check the full KuCoin fee structure here.

Deposit & Withdrawal Fees

Deposits on KuCoin are generally free. This means you can transfer your crypto assets to your KuCoin account without any cost. Withdrawal fees on KuCoin vary depending on the cryptocurrency and network. Here are some examples:

  • Bitcoin (BTC network): The fee is 0.0005 BTC.
  • Ethereum (ERC20): The fee is 0.005 ETH.
  • Tether (USDT): The fee depends on the network used. For instance, withdrawing USDT via the ERC20 network costs 10 USDT, while using the TRC20 network costs 1 USDT.

KuCoin also supports internal transfers between accounts. These transfers are free of charge and can be completed by providing the recipient’s KuCoin email, phone number, or UID.

Minimum Deposit and Withdrawal Times

The amount of the minimum deposit can differ depending on the type of cryptocurrency and its network. Here’s a breakdown of some of the most popular ones:

Bitcoin (BTC network) 0.0006 BTC
Ethereum (ERC20) 0.01 ETH
USDT (TRC20) 3 USDT
Solana 0.02 SOL
Dogecoin 40 DOGE
XRP 30 XRP

KuCoin’s deposit and withdrawal times also vary based on the type of transaction and the network used. For cryptocurrency deposits, the processing time depends on the blockchain network’s confirmation times.

Typically, cryptocurrency deposits are credited after a few confirmations on the network, which can take anywhere from a few minutes to several hours depending on network congestion and the specific cryptocurrency.

Kucoin logo

User Score

9.3

Promotion

Bonus up to $11,000 USDT

Get 20% Lifetime Cashback on Every Trade

Supported Cryptocurrencies

KuCoin offers trading for a vast amount of cryptocurrencies, over 900 tokens and 1300+ trading pairs. This includes a wide variety of tokens from well-established categories like AI, Metaverse, and DeFi, to more niche areas like Real World Assets (RWAs). They also cater to both popular and lesser-known tokens, including many low-cap coins.

Security: Is Kucoin a Safe Platform?

In 2020, KuCoin experienced a significant security breach where $280 million worth of cryptocurrency was stolen. Despite the magnitude of the hack, KuCoin managed to recover 84% of the stolen assets and also ensuring that their losses were covered by utilizing its insurance fund.

Additionally, KuCoin prioritizes the saftey of its users through multiple robust measures and strategic partnerships:

  • Offline User Fund Storage: This strategy ensures that the majority of user funds are kept in multisig cold wallets, which are offline and thus protected from online threats.
  • Real-Time Monitoring: The exchange features a 24/7 risk monitoring system that constantly checks for suspicious activities. It also offers a bug bounty program.
  • Two-Factor Authentication (2FA): Kucoin users are encouraged to enable 2FA for an additional layer of security. You can use Google Authenticator for added security.

There are some other popular security measures like:

  • Withdrawal address whitelisting
  • Anti-phishing code
  • Fund Password
  • Mandatory AML & CFT Policies

Plus, KuCoin provides transparency through monthly Proof of Reserves audits using the Merkle Tree technique. This allows Kucoin users to verify that the platform holds sufficient reserves to cover all user balances.

Additionally, the exchange partners with leading security firms like PCI DSS and CyberSource to enhance their security infrastructure. However, KuCoin does not hold any major regulatory license in major crypto hubs. This is a significant drawback.

KuCoin Features & Products

Derivatives Trading

KuCoin’s derivatives market includes futures trading, allowing you to trade on the future price of an asset. KuCoin offers over 300 different futures contracts. These contracts let you bet on whether the price of an asset will go up or down (Long or Short).

You can use leverage up to 125x. This means you can control a large position with a small amount of money. For example, with 125x leverage, you can trade $1,250 with only $10 of your own money.

There are two types of futures on KuCoin: USDT-margined and Coin-margined.

  • In USDT-margined futures, you use USDT as collateral. Profits and losses are also in USDT. For example, if you trade a BTC/USDT contract, your earnings will be in USDT.
  • In coin-margined futures, you use a specific cryptocurrency to trade. Profits and losses are in the same cryptocurrency. For example, if you trade a BTC/USD contract using BTC, your earnings will be in BTC.

KuCoin also offers margin trading. This type of trading lets you borrow money to trade larger amounts. On KuCoin, you can use up to 10x leverage for margin trading.

KuCoin Order Types

KuCoin supports advanced order types besides limit and market orders. These help you manage your trades better.

  • Stop-Limit and Stop-Market Orders: These help you enter or exit trades when the price reaches a specific point. Stop-limit orders give you more control over the execution price, while stop-market orders prioritize getting filled quickly.
  • Trailing Stop: A trailing stop order moves with the market price. It helps you lock in profits by selling when the price drops by a certain amount.
  • OCO (One Cancels the Other): OCO orders combine two orders. If one order is triggered, the other is canceled. For example, you can set a take-profit order and a stop-loss order at the same time.
  • TWAP (Time-Weighted Average Price): This order type tries to buy or sell your desired amount of cryptocurrency at an average price over a set time period. Like spreading out your purchase throughout the day to get a better overall price.

Leveraged Tokens

Leveraged tokens are another product of KuCoin. They let you trade with leverage without worrying about margin or liquidation. Leveraged tokens represent a basket of futures positions.

For example, BTC3L is a leveraged token that gives you 3 times the profit or loss of Bitcoin. If Bitcoin’s price goes up by 1%, BTC3L goes up by 3%. These tokens are easy to trade like regular tokens. However, they are meant for short-term trading.

Leveraged Tokens of KuCoin

Instant Crypto-to-Crypto Convert

The KuCoin “Convert” feature is a simple and convenient tool that allows you to quickly swap one cryptocurrency for another without the need for complex trading. This means that you don’t have to wait for an order to be filled, as you might on the spot market, and there is zero price slippage. The “Convert” feature typically doesn’t charge trading fees. This makes it a cost-effective way to swap your assets.

KuCoin “Convert” feature

KuCoin Earn

KuCoin Earn is a service that allows you to earn interest on your cryptocurrency holdings. It has many ways to earn. Here is a simple overview of each method:

1. Flexible Savings

This is the simplest and safest option. You deposit your crypto into a KuCoin savings account and earn a small amount of interest over time. There’s usually no lock-in period, so you can withdraw your crypto anytime you need it. Currently, it is offering 6.68% APR on USDT.

2. Fixed Staking

This is another way to earn interest on your crypto. With staking, you lock up your crypto for a certain period (like a fixed deposit at a bank) and earn a higher interest rate. The longer you lock up your crypto, the higher the interest rate you’ll typically get.

3. Dual Investment

It is a way to earn money based on future crypto prices. You deposit one crypto and agree to convert it to another if the price reaches a set level by a certain date. You deposit 1 BTC and choose to convert it to USDT if the price of BTC reaches $60,000 in a month. If the price hits $60,000, your 1 BTC is converted to $60,000 USDT. If not, you still earn interest on your BTC.

4. Shark Fin

This is a way to earn money with a guaranteed minimum return and a chance for higher returns based on price movement. You deposit USDT in Shark Fin and set a range. If the price of Bitcoin stays within a set range during maturity, you earn a higher return. If the price goes out of range, you still get a guaranteed return, but it is lower.

5. Crypto Lending Pro

This is like loaning out your crypto to others and earning interest on the loan. You lend 1 ETH at a 10% interest rate for 30 days. After 30 days, you get back 1.083 ETH (1 ETH + 10% annualized interest for 30 days).

6. Spotlight

It is a way to invest in new crypto projects before they are listed on the exchange. You buy the token at a low price before it becomes available to everyone. If the token’s price goes up after it is listed, you can sell it for a profit.

KuCoin Earn

KuCoin Trading Bot Review

KuCoin trading bots are like programmed assistants that can handle your cryptocurrency trades on autopilot. Instead of constantly monitoring charts and making decisions, you can set up a bot with specific instructions and let it do the work.

The exchange offers a variety of bots suited for different strategies, so let’s break down what each one does:

  • Spot Grid and Futures Grid: You set a price range, and the bot will automatically place buy and sell orders at intervals within that range. It works well in volatile markets where prices fluctuate up and down.
  • Spot Martingale: It uses a strategy where it doubles the investment after each loss, hoping to recover losses with one profitable trade. For example, you buy $100 of ETH at $1,000. If the price falls to $500, the bot might buy $200 worth of ETH, averaging your cost per ETH.
  • Auto Rebalance: This bot helps you maintain a desired allocation of cryptocurrencies in your portfolio. Imagine you want to hold 60% BTC and 40% ETH. Over time, price movements can change this balance.
  • Infinity Grid: This is an advanced version of the Spot Grid, where the grid has no upper or lower limits. The bot keeps placing buy and sell orders at progressively higher and lower prices as the market fluctuates.
  • DCA (Dollar-Cost Averaging): This strategy is about consistently buying a fixed amount of cryptocurrency at regular intervals, regardless of the price. The KuCoin DCA bot automates this process.

KuCoin Bot

KuCoin Shares (KCS) – Kucoin Token

KCS is the native token of the KuCoin exchange. It allows users to enjoy various benefits and rewards on the exchange. One of the main attractions of holding KCS is the ability to earn passive income. KuCoin shares a portion of its trading fee revenue with KCS holders. This means you can earn daily rewards just by staking KCS in your account.

KCS holders also get up to 20% discounts on trading fees. The more KCS you hold, the bigger the discount you receive. This makes trading cheaper for frequent users of the exchange. Plus, holders often get early access to new token sales and special events. This can provide opportunities to invest in new projects before they become widely available.

According to Coingecko, the current market capitalization of KCS is roughly $985.4 million. The total supply of KCS is capped at 143.3 million tokens. As of now, there are approximately 95.8 million KCS in circulation. This supply is gradually being reduced through a buyback and burn program initiated by KuCoin.

The market capitalization of KCS (Source: Coingecko)

What KuCoin Can Do to Improve?

U.S. License

To improve its presence and trustworthiness, KuCoin should prioritize obtaining a U.S. license. This move would significantly expand its market by allowing it to operate legally within the United States. Currently, KuCoin is restricted from U.S. customers due to regulatory issues.

Complying with U.S. regulations would involve rigorous Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures. It would not only gain access to a larger user base but also increase its credibility and security standards, aligning itself with major competitors who already operate in the U.S. market like Coinbase and Kraken.

Beginner-Friendly Features

KuCoin does not offer some beginner-friendly features like “copy trading”. This feature is almost available on all other crypto exchanges like Binance, BybitMEXC, and OKX.

Crypto copy trading involves automatically copying the trades of experienced traders in the cryptocurrency market. As a beginner, you can replicate the trades of chosen traders in real-time. This strategy allows new users traders to benefit from the expertise of others, potentially improving their investment returns.

KuCoin App Review

KuCoin offers a mobile app for both iOS and Android devices. It lets you trade cryptocurrencies on the go. It supports all the features of the desktop version like spot trading, derivatives trading, P2P marketplace, and instantly buying crypto using fiat currencies.

The interface is designed for ease of use. You can monitor your crypto portfolio value at a glance and navigate buying, selling, and trading with a few taps only.

KuCoin Mobile App

Customer Service & Support

KuCoin’s Help Center is a great place to start for many common questions. It’s available 24/7 and packed with helpful articles, FAQs (Frequently Asked Questions), and guides on using the platform.

If you can’t find what you need in the Help Center, the KuCoin exchange offers online chat on its support page. For more complex issues, you can try contacting KuCoin via email. This might be a good option if you need to provide detailed information or documentation about your problem.

Customer Satisfaction

KuCoin has received mixed feedback regarding customer satisfaction. The mobile app receives a 4.4/5 rating on the Play Store. Kucoin users have praised the platform’s features and ease of use, its diverse range of cryptocurrencies, and lower fees compared to some other crypto exchanges.

However, Trustpilot ratings on KuCoin customer support are mostly negative with a 79% negative score. Some traders have had trouble getting help from customer service and found it hard to trade some coins that aren’t very popular due to low liquidity. Additionally, several KuCoin users also report issues with the deposit & withdrawal process, even possible market manipulation that results in financial losses.

KuCoin vs Other Crypto Exchanges

Bybit and Binance are the two best alternatives to the KuCoin exchange. Here is a quick comparison:

Features KuCoin Bybit Binance
Best For Beginners and Experienced Traders Derivatives Trading High-Volume Crypto Traders
Supported Coins and Tokens 900+ 1200+ 380+
Trading Fees
  • 0.1% maker/taker for spot
  • 0.02% maker and 0.06% taker for futures
  • 0.1% maker/taker for spot
  • 0.02% maker and 0.055% taker for futures
  • 0.1% maker/taker for spot trading
  • 0.02% maker and 0.05% taker for futures
Leverage Trading Yes Yes Yes
Maximum Futures Leverage 125x 100x 125x
Earn & Staking Services Yes Yes Yes
Automated Trading Grid, Rebalance, martingale, DCA Martingale, Grid, DCA Arbitrage, Grid, Smart Algo
Security High High High
Licenses Dubai and Cyprus Multiple licenses in Europe and Asia
Kucoin logo

User Score

9.3

Promotion

Bonus up to $11,000 USDT

Get 20% Lifetime Cashback on Every Trade

How to Open a KuCoin Account and Buy Crypto?

Step 1: Create an Account

Visit the official KuCoin website and click “Sign Up” in the top right corner. Choose your preferred method, email or phone number, and create a strong password. Remember to check your inbox/phone for a verification code to activate your account.

Create an Account

Step 2: Verify your account – KYC Verification

For added protection, navigate to your account settings and enable two-factor authentication (2FA) using Google Authenticator. This adds an extra login step to deter unauthorized access. You also need to verify your identity by providing ID proof (driving license or national ID card) and a selfie.

KYC Verification

Step 3: Add a Payment Method

Choose your preferred payment method by using a credit/debit card (availability varies by region), fiat deposits, and much more. Follow the on-screen instructions to complete your purchase.

Buy Crypto on KuCoin

Step 4: Start Trading Crypto on KuCoin

Once your funds arrive, head to the “Markets” section. Here, you’ll find a vast selection of cryptocurrencies. Search for your desired crypto, choose a trading pair (e.g., BTC/USDT), and explore the order types (buy/sell, limit/market). Once you’re comfortable, place your trade.

Trading Crypto on KuCoin

KuCoin Account Management

KuCoin offers a user-friendly account management system designed to provide seamless control over your trading experience. Users can easily access key features such as security settings, transaction history, and asset management through the dashboard. KuCoin prioritizes account security with tools like two-factor authentication (2FA), anti-phishing codes, and withdrawal whitelists. Additionally, users can manage API keys for trading automatedly, set up sub-accounts for streamlined portfolio management, and customize notification preferences to stay updated on market changes and account activity.

KuCoin Review: Conclusion

Our KuCoin review highlights that it is a versatile and user-friendly cryptocurrency exchange, suitable for both experienced and novice users. With its extensive range of cryptocurrencies, competitive fee structure, and robust security measures, it offers a reliable platform for trading digital assets.

While it excels in many areas, such as advanced trading tools and earning opportunities, the lack of regulation in major markets like United States and limited fiat deposits might be a drawback for some users.

Kucoin logo

User Score

9.3

Promotion

Bonus up to $11,000 USDT

Get 20% Lifetime Cashback on Every Trade

KuCoin Review: FAQs

Is KuCoin a legitimate and reliable exchange?

KuCoin is a legitimate and reliable cryptocurrency exchange with over 30 million users across more than 200 countries. Despite not being regulated by major national licensing bodies, it operates legally under Seychelles law as a Digital Asset Exchange. The platform employs robust security measures, such as offline fund storage, real-time risk monitoring, and two-factor authentication, which help protect users’ assets and personal information.

Does KuCoin require KYC?

KuCoin has a mandatory KYC verification. You can not deposit and start trading crypto without identity verification. However, you can withdraw only up to 30,000 USDT without KYC.

Which is better: Binance or KuCoin?

KuCoin is known for listing a large number of emerging altcoins and provides advanced trading tools, such as leveraged tokens and a variety of trading bots. On the other hand, Binance has a wider range of features, including copy trading and a more extensive fiat-to-crypto gateway. Also, Binance is highly regulated with multiple licenses globally, making it a suitable choice for users in regions where regulatory compliance is critical.

The post KuCoin Review 2025: Fees, Safety, Pros & Cons appeared first on NFT Evening.

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Binance Referral Code 2025: QH6V74V5 (100 USDT Signup Bonus) https://nftevening.com/binance-referral-code/?utm_source=rss&utm_medium=rss&utm_campaign=binance-referral-code Wed, 29 May 2024 16:59:10 +0000 https://nftevening.com/?p=138331 Thinking about buying Bitcoin, Ethereum, or other cryptocurrencies? Binance is a popular exchange to do just that. But did you know you can save money on trading fees? Here’s where

The post Binance Referral Code 2025: QH6V74V5 (100 USDT Signup Bonus) appeared first on NFT Evening.

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Thinking about buying Bitcoin, Ethereum, or other cryptocurrencies? Binance is a popular exchange to do just that. But did you know you can save money on trading fees? Here’s where the Binance referral code comes in.

These codes are like coupons for your crypto trades. By using one when you sign up, you can unlock discounts on fees and extra signup bonuses. In this guide, we’ll explain what the Binance referral code is, its benefits, and how to use it.

binance-logo-2

Binance Referral Code

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Code Valid: May 2025

What is a Binance Referral Code?

Binance referral code (recently changed to Binance referral ID) is a unique promo code used to invite others to join the Binance crypto exchange platform. When someone signs up using your referral code, both you and the person who signs up receive rewards.

If you use Binance referral code “QH6V74V5’ while signing up, you will receive a free $100 USDT signup bonus. Additionally, you will enjoy a 20% discount on trading fees for all your transactions on Binance.

Exchange

Binance

Referral Code/ID

QH6V74V5

Sign up Bonus

$100 worth of USDT

Extra Rewards

Exclusive events and trading competitions

Trading Fees Rebate

Up to 20% discount

KYC Mandatory

Yes

Types of Binance Referral

  1. Standard Referral: This is the most common type of referral code. It typically offers a fixed signup bonus (like the $100 USDT mentioned earlier) and a discount on trading fees.
  2. Lite Referral: These codes are tied to specific promotional events Binance runs. They offer unique rewards like the chance to win a small amount of cryptocurrency (like the current offer of 0.003 BTC for free) for both you and your friend. These codes are usually active for a limited time and have specific requirements for participation.

Binance offers 2 typer of referral code: Standard Referral and Lite Referral

Benefits of Using a Binance Referral ID “QH6V74V5

Signing up for a Binance account with a referral code “QH6V74V5” unlocks a treasure trove of benefits that can significantly enhance your cryptocurrency trading experience. Let’s delve into the key advantages you gain by using a Binance referral ID “QH6V74V5”:

  • Percentage-Based Trading Fees Rebates: One of the most attractive benefits is the reduction in trading fees. By using a Binance referral code “QH6V74V5”, you can potentially enjoy a lifetime discount of up to 20% on every trade you make on the Binance platform. This translates to significant savings, especially for frequent traders. Additionally, you might come bundled with an extra 20 USDT trading fee rebate voucher, further sweetening the deal.
  • Signup or Welcome Bonus: Binance provides attractive sign-up bonuses to incentivize new users. By using the referral code “QH6V74V5” during registration, you can become eligible for a 100 USDT welcome bonus. The reward will be distributed in three forms: KYC bonus, deposit bonus, and trading bonus. Completing Know Your Customer (KYC) verification on Binance unlocks a bonus of 20 USDT. You will receive 30 USDT for your first deposit and an extra 50 USDT for your first trade. In total, using an invitation code during signup can potentially grant you up to 100 USDT in bonus funds, giving your crypto trading journey a head start.
  • Event-Based Bonuses: Binance frequently runs promotional events offering additional bonuses and rewards. These events can provide cashback vouchers, free crypto giveaways, or other benefits. While the specific offers may change, using a referral code can ensure you’re eligible to participate in these events and potentially earn extra rewards alongside the standard benefits.

How to Use a Binance Referral Code?

binance-logo-2

Binance Referral Code

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Code Valid: May 2025

Step 1: Create an account using the referral code “QH6V74V5

Go to the Binance website. Once the homepage loads, locate and click on the “Sign Up” button, usually found in the upper right corner of the screen. You’ll be directed to the registration page. You’ll see fields prompting you to enter your email address and create a password. Input your email address and choose a strong password that you’ll remember easily.

Here comes the crucial step! You’ll find a box labeled “Referral ID (Optional)”. This is where you should enter the referral code “QH6V74V5” to ensure you receive signup bonuses. You can also use our referral link to automatically fill out the code.

After entering the referral code, review the Binance Terms of Service and Privacy Policy, then check the box to confirm your agreement.

Create a Binance account

Step 2: Verify your identity (KYC)

After successfully creating your account, it’s time to complete the Know Your Customer (KYC) verification process. KYC helps ensure the security and legitimacy of your account by confirming your identity.

To start the KYC process, go to your profile section and click “Account” and choose “Verification”. Binance will guide you through the steps required to verify your identity, which typically include providing personal information and uploading documents such as a government-issued ID (e.g., passport or driver’s license) and proof of address.

Once you’ve submitted all the required information and documents, Binance will review your application. Verification times may vary depending on the volume of requests, but you’ll receive a notification once your account has been successfully verified.

After completing this step, you will receive 20 USDT as a signup bonus.

Verify your identity (KYC)

Step 3: Deposit funds

With your account created and verified, you’re now ready to deposit funds into your Binance account. In the wallet section, you’ll see different options for depositing funds, including cryptocurrencies and fiat currencies. Alternatively, you can also use the “Buy Crypto” section in the menu bar.

Generally, you have 3 options to deposit fiat currency:

  • P2P Trading
  • Credit/Debit cards
  • Instant buy using third-party payment providers

Once you’ve initiated the deposit, it may take some time for the funds to be credited to your Binance wallet, depending on the payment method and processing times.

Now, you will also become eligible for an extra 30 USDT bonus.

Deposit funds

Step 4: Start trading

Navigate to the “Markets” section of the Binance website, where you’ll find various trading pairs and markets.

Choose the cryptocurrency you want to trade and select the trading pair you wish to trade it against. For example, if you want to trade Bitcoin for Ethereum, you would select the BTC/ETH trading pair. Or you can use a stablecoin pair like BTC/USDT.

Once you’ve selected the trading pair, you’ll be taken to the trading interface, where you can place buy and sell orders. When placing a trade, you can choose between market orders, limit orders, and other advanced order types. Enter the desired amount and price for your trade, then review and confirm your order.

Thats all! Now you are eligible for another 50 USDT sign-up bonus.

Start trading crypto

What to Do if the Invitation Code Doesn’t Work?

If you’re trying to use a Binance referral code but it’s not working, there could be a few reasons behind it.

  • Only new users allowed: Referral codes are meant to incentivize new users to join Binance. If you already have a Binance account, you won’t be eligible for the referral bonus.
  • Only one referral code allowed: Each Binance account can only benefit from one referral code. If you previously entered a different code during signup, the new code won’t work.
  • Check typos: These codes are case-sensitive and can be tricky to type accurately. A simple typo could be the reason the code isn’t working.
  • Are you eligible: The code might have specific requirements or limitations. For instance, the code could be for new users from a certain region only, or it might have an expiration date.

Binance Referral and Affiliate Program

binance-logo-2

Binance Referral Code

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Code Valid: May 2025

You can invite friends with the Binance referral program and earn a commission. You just need to create your own referral code and share it with friends and followers.

The key benefit of the program is earning commissions on the trades your referrals make. Binance offers commissions on various trading activities on its platform, including spot trading, futures trading, and even participation in Binance Pool (their crypto staking service). This means you can potentially earn a steady stream of income as long as your referrals continue to trade on Binance.

Note: Currently, you can earn up to 40% commission as a standard referral and 50% commission as an affiliate member.

Here are some conditions and extra benefits you will receive as an affiliate partner:

Minimum Requirements

5000+ followers on social media or 500+ members in a trading community

Spot Commission

Up to 50%

Futures Commission

30%

Binance Pool Commission

30%

Bonus Package

Share up to a $600 new user sign-up bonus package with your community

The Binance referral and affiliate program goes beyond just commissions. Binance provides its affiliates with a range of resources to help them promote the platform. This includes marketing materials, tutorials, and even access to a dedicated account manager who can offer guidance and support.

For content creators who actively promote Binance through high-quality content like videos or articles, there’s an exclusive content program. This program allows creators to earn additional bonuses of up to 3,000 BUSD per month. You can also earn up to an extra $72,000 bonus based on your referrals futures trading fees and volume.

About Binance Exchange

Founded in 2017, Binance is the world’s largest cryptocurrency exchange by trading volume. It has a huge selection of over 500 coins and tokens, including popular ones like BTC, ETH, and SOL, and many less well-known ones. This gives users a lot of choices when it comes to investing in digital assets. Here are the services offered by Binance:

  • Spot and Futures Trading: The spot trading is a basic form of trading cryptocurrencies, whereas futures trading is a more advanced service with up to 125x leverage. You will find different types like USD-M and Coin-M futures contracts.
  • Margin Trading: This means borrowing funds from the exchange to amplify your trading position. On Binance, you can borrow up to 5 times your initial collateral.
  • Staking & Earn: This service lets users earn interest on their cryptocurrency holdings. Different cryptocurrencies offer varying interest rates. Binance has both fixed and flexible staking options.
  • P2P Trading: This stands for peer-to-peer trading and allows users to trade cryptocurrencies to fiat currencies directly with each other. Binance acts as a middleman and ensures a secure trading environment using an escrow security system. Here, you will find 100+ fiat currencies and 800+ payment methods.
  • NFT Marketplace: Non-fungible tokens (NFTs) are digital assets that represent ownership of unique items. Binance’s NFT marketplace allows users to buy, sell, and trade NFTs. This can be a great place to find rare digital collectibles or artwork. It is powered by the BNB chain.
  • Binance Visa Card: The card allows users to spend their cryptocurrencies directly at millions of merchants around the world.
  • Binance Charity: This is a philanthropic arm of Binance that supports various charitable causes around the world.

And many more!

Binance Services

Binance Fees and BNB Discounts

Binance charges fees for various trading activities. For spot trading, it charges 0.1% maker/taker fees. The higher your trading volume (total amount bought/sold within a 30-day period), the lower your fees become.

Binance rewards active users with VIP statuses. VIPs enjoy progressively lower trading fees compared to regular users. There are different ways to qualify for VIP status, such as high trading volume or holding a certain amount of Binance Coin (BNB).

User Level

30-Day Volume

BNB Holdings

Maker/Taker

Regular User

0.1%/0.1%

VIP 1

≥ 10,00,000 USD

≥ 25 BNB

0.09%/0.1%

VIP 2

≥ 50,00,000 USD

≥ 100 BNB

0.08%/0.1%

VIP 3

≥ 2,00,00,000 USD

≥ 250 BNB

0.042%/0.06%

Binance also offers a 25% discount on trading fees if you choose to pay them using BNB. You can also get a 20% discount if you use our referral code “QH6V74V5”.

For futures trading, Binance charges 0.02% maker and 0.06% maker fees. Check the full fee structure here.

Is Binance Safe & Legit?

Binance is a generally well-regarded cryptocurrency exchange with a strong reputation for security. They implement a number of measures to safeguard user assets, including storing the vast majority of funds in offline “cold storage” wallets. This significantly reduces the risk of theft from hackers.

Additionally, Binance has a Secure Asset Fund for Users (SAFU), an insurance fund that could potentially reimburse users in the event of a major security breach. The exchange also acquires major licenses:

  1. Binance France SAS has been granted registration as a Digital Asset Service Provider (DASP).
  2. Binance Italy S.R.L. has been granted a Digital Asset Service Provider (DASP) registration by the Organismo Agenti e Mediatori (OAM).
  3. Bifinity UAB (formerly called Binance UAB) has been granted a Virtual Asset Service Provider (VASP) registration by the Registry of Legal Entities of the Republic of Lithuania.
  4. Binance Spain has been granted registration as a Virtual Asset Services Provider by the Bank of Spain.

And many more licenses across the world. Check the full licenses list.

binance-logo-2

Binance Referral Code

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Code Valid: May 2025

Conclusion

In conclusion, using the Binance referral code “QH6V74V5” brings a world of benefits to your cryptocurrency journey. With this code, you unlock exciting rewards like a $100 USDT signup bonus, up to 20% discount on trading fees, and access to exclusive events.

By following simple steps, you can maximize your gains and enjoy seamless trading on one of the world’s largest cryptocurrency exchanges. So why wait? Join Binance today with code “QH6V74V5” and begin your cryptocurrency journey with an advantage.

FAQs

Is it safe to use a Binance invite code?

Yes, using a Binance invite code during signing up is 100% safe. However, they can be lying to you about bonuses and fee rebates. So, only use referral codes obtained from trusted sources.

What is the Binance futures referral code?

A Binance futures referral code is a code that gives you a discount on trading fees and other benefits when you sign up for a Binance Futures account. If you use a code “QH6V74V5” during signup, you can get up to a 20% discount on futures fees, plus extra futures trading coupons, although these can’t be withdrawn, but profits can be.

How do I get a referral code for Binance?

There are a few ways to get a Binance referral code. If you know someone like a friend or family who already uses Binance, they can easily share their invite code with you. You can also find referral codes shared by existing users on various platforms, including Google search, social media, forums, and community groups.

The Binance website also offers a dedicated referral program section. Here, you can generate your own unique referral code to share with others. Binance also occasionally offers new referral codes as part of promotions or through partnerships. Keep an eye on their official channels for these opportunities.

Can I use multiple Binance referral codes?

No, you cannot use multiple referral codes during your Binance account registration. The system will only recognize the first code used during signup. However, there are ways to maximize your benefits. When presented with multiple codes, select the one offering the benefits most relevant to your trading style. This could be a code with the highest discount on trading fees or the one with the most attractive sign-up bonus.

What is the 20% fee discount referral code for Binance?

The 20% fee discount referral code for Binance is “QH6V74V5”. This discount applies to the standard trading fees associated with buying and selling cryptocurrencies on the Binance platform.

However, if you use different code other than ours “QH6V74V5”. It’s important to note that not all referral codes offer a 20% discount. The specific percentage may vary depending on the code itself. Binance has a tiered fee structure based on your 30-day trading volume. The referral code discount applies on top of this existing structure. Some referral codes with a 20% discount may have a limited validity period also.

Can I use a referral code to get a discount on margin trading fees?

No, referral codes offer discounts on standard spot trading fees, they typically do not apply to margin trading fees. Margin trading carries variable interest rates and has a separate fee structure.

What is the validity of the Binance referral code?

The validity of a Binance referral code may vary depending on the promotion or campaign associated with it. Some referral codes may have a specific expiration date (like lite referral code), after which they can no longer be used to claim rewards or benefits. Others may have indefinite validity (like standard referral code “QH6V74V5”), allowing users to use them at any time to receive associated bonuses or discounts.

How to get a 100 USDT Bonus on Binance?

Binance often offers sign-up bonuses in stages. Completing KYC verification grants you 20 USDT, while making a first deposit could unlock another 30 USDT. Finally, completing your first trade could result in a 50 USDT bonus. Combining these stages can reach the 100 USDT mark.

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OKX Referral Code “12554491” and Sign Up Bonus for 2025 https://nftevening.com/okx-referral-code/?utm_source=rss&utm_medium=rss&utm_campaign=okx-referral-code Wed, 22 May 2024 16:59:31 +0000 https://nftevening.com/?p=138206 Signing up on a crypto exchange with a referral code is a smart way to get the most rewards and referral bonuses. With the potential for a sign-up bonus, mystery

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Signing up on a crypto exchange with a referral code is a smart way to get the most rewards and referral bonuses. With the potential for a sign-up bonus, mystery boxes, and trading fee rebates, you’ll have more resources to explore the exciting world of cryptocurrency.

If you are registering on the OKX exchange, using an OKX referral code “12554491” can unlock exclusive benefits. In this guide, we’ll unveil OKX referral codes, and show you how to use them to jumpstart your crypto journey with rewards.

OKX Review 2024: Trading Features, Fees, and Security

OKX Referral Code

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

Deposit & Trade This Month

Code Valid: May 2025

What is the OKX Referral Code and Bonus?

OKX referral codes are special promo codes that new users can use when they sign up for an OKX account. These codes give new users special benefits and bonuses. By entering a referral code during registration, users can receive rewards such as sign-up bonuses, reduced trading fees, and other promotional offers.

The best OKX referral code is “12554491”, which offers a sign-up bonus of up to 10,000 USDT. This mystery box can contain up to $50 worth of USDT or Bitcoin. You can also enjoy a 30% reduction in trading fees.

Crypto Exchange

OKX

Referral Code

12554491

Signup Bonus or Referral Bonus

Up to 10,000 USDT

Mystery Box

Free $50 worth of Bitcoin (BTC)

Trading Fees Rebate

30%

OKX Review 2024: Trading Features, Fees, and Security

User Score

10

Starter Exclusive

Get $60,000 in rewards

Deposit & Trade This Month

OKX sign up bonus rewards

When you sign up for OKX, enter the invite code “12554491” in the referral code field. This code gives you a special referral bonus:

  • Sign-Up Bonus: Just for using the referral code, you’ll be eligible for a signup bonus of up to 10,000 USDT. This bonus is like a gift to help you start your crypto trading adventure. You need to complete tasks in the “Reward Center” to receive this bonus.
  • Mystery Box: OKX also offers Mystery Boxes that contain surprises. These boxes can hold up to $50 worth of USDT or Bitcoin (BTC). It’s a free Bitcoin in your box. You can receive up to two mystery boxes.
  • Trading Fee Rebate: On top of everything else, you can also get a trading fee rebate of 30%. This means you’ll pay less in fees when you buy and sell crypto on OKX. It’s like getting a discount for using the platform.

How to Use OKX Referral Code “12554491”?

This guide will walk you through the process of signing up on OKX, entering the referral code, and starting your trading journey:

Step 1: Visit the OKX App and enter the referral code

Begin by navigating to the official OKX website or mobile app available for both Android and iOS devices. You can visit the website by typing “OKX” into your preferred search engine or by directly using our referral link. Once you are on the OKX homepage, locate the “Sign Up” button, usually positioned at the top right corner of the page. Click on this button to initiate the registration process.

Now, you need to provide your basic information. This includes your email address and a secure password. Ensure that your password is strong to protect your account. As part of the registration form, there is a field labeled “Referral Code (optional)”. Here, you will enter our exclusive OKX referral code 12554491. This step is crucial as it unlocks the special bonuses and benefits associated with the code.

Proceed to complete the registration by agreeing to the terms and conditions and verifying your email address. OKX will send a verification link to the email you provided. Click on this link to verify your account.

Create an OKX account with the referral code

Step 2: Identity Verification

Verifying your identity (KYC) is mandatory to receive referral bonuses and rewards. Go to your profile section and choose “verification”.

  • Basic Verification: Provide your full name, date of birth, country of residence, and government-issued ID. Submit this information to complete the basic verification.
  • Advanced Verification: Upload a photo ID (passport, driver’s license, or other government-issued ID depending on your country) and a selfie. Follow the on-screen instructions to ensure your documents are clear and readable.

The verification process may take some time. Once approved, you will receive a notification confirming your verification status.

Identity Verification

Step 3: Make Your First Deposit

To start trading, you need to deposit funds into your OKX account. Navigate to the “Deposit” section, which can be found under the “Assets” menu. OKX supports a wide range of deposit options, including various cryptocurrencies and fiat currencies.

The OKX app also offers various payment methods, such as bank transfer, credit card (in some regions), or peer-to-peer (P2P) trading. Choose the option that best suits you.

Make Your First Deposit

Step 4: Start Trading and Claim Referral Bonuses

Once your account is funded, familiarize yourself with the OKX interface. The main screen displays various cryptocurrencies and their current market prices. Locate the “Markets” section to browse different crypto pairs (e.g., BTC/USDT, ETH/USDT). Choose the crypto pair you’d like to trade and click “Trade”.

Start Trading and Claim Referral Bonuses

You’ll see two main options: “Buy” and “Sell”. Decide if you want to purchase the cryptocurrency (Buy) or sell an existing holding (Sell).

OKX offers various order types to suit your trading strategy. Two popular ones are market order and limit order.

  • Market Order: Execute your trade immediately at the best available market price.
  • Limit Order: Set a specific price at which you want to buy or sell your crypto. This order will only be filled if the market price reaches your set limit.

Buy Crypto

With your account funded and traded, you can now explore the bonuses unlocked by the referral code 12554491. To qualify for the bonus, you’ll need to make a single transaction of at least $50 worth of any cryptocurrency that they accept.

Now, go to the “Rewards Center” section. The bonuses may include up to 10,000 USDT in sign-up rewards, a mystery box containing up to $50 worth of USDT or Bitcoin, and up to a 50% rebate on trading fees. These incentives provide a great start for your trading activities.

OKX Bonus Terms and Conditions

  1. Time Limits and Box Expiry: The OKX welcome bonus includes a mystery box reward. This box has coins inside up to $50, but there’s a catch. You only have 30 days to open it after you get it. If you forget, the box (and its treats) will expire.
  2. Delays and Reaching Out: Sometimes, there might be a delay, and your mystery box takes up to 48 hours to appear. Don’t worry! If it’s been longer than 48 hours, you can contact OKX customer service for help.
  3. Fair Play and Account Security: OKX wants to keep things fair for everyone. They can stop people from joining the program if they suspect someone is cheating to get extra mystery boxes. They can also take action on accounts involved in suspicious activity, like freezing or suspending them. Finally, only main accounts can participate; sub-accounts are not eligible.

OKX Referral Program and Affiliate Program

OKX Review 2024: Trading Features, Fees, and Security

OKX Referral Code

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

Deposit & Trade This Month

Code Valid: May 2025

OKX offers both a Referral Program and an Affiliate Program, providing distinct ways to earn rewards by promoting their platform. The Referral Program is a simple way to earn rewards by inviting friends. When someone joins the exchange with your referral link, you both will receive a $50 worth of mystery box.

The OKX Affiliate Program is designed for individuals or businesses who want to promote the trading platform to a wider audience. It offers a more comprehensive set of tools and benefits compared to the Referral Program.

  • Higher commission rates: You can potentially earn up to 50% of your referrals’ trading fees.
  • Customizable campaigns: Create targeted campaigns with specific referral links and commission rates for different audiences.
  • Marketing materials: OKX provides a variety of marketing materials, such as banners and landing pages, to help you promote their platform.

How do I get an OKX referral code?

  • Log in to your OKX account. Navigate to the “Referral” section. This can usually be found under the “More” menu.
  • Click on the “Referral” or “Affiliate” section.
  • You will find the option to generate your unique referral code or referral link. Click on this option, and the system will create a personalized code or link that you can share with others.

You can share it with friends, family, or your network via social media, email, or any other preferred communication method. When someone uses your referral code to sign up and trade on OKX, you will earn rewards based on the referral program’s terms and conditions. The exchange also provides a dashboard where you can track the activity of your referrals and see the rewards you have earned.

The “Referral” section on OKX website

About OKX Exchange

Established in 2017, OKX has become a prominent player in the cryptocurrency exchange market. It caters to a global audience of over 50 million users, offering a platform to buy, sell, and trade over 331 digital currencies and 553+ trading pairs. Here, you can find popular digital assets like Bitcoin and Ethereum, alongside a wide range of popular altcoins like SOL, MATIC, ADA, XRP, ATOM, AVAX, and SAND.

Beyond OKX CEX, the OKX Wallet is a non-custodial platform for managing digital assets like cryptocurrencies and NFTs. The wallet supports many blockchains, including popular ones like Ethereum, BNB smart chain, and OKT chain. It also connects to the OKX DEX for trading cryptocurrencies and the OKX NFT Marketplace for buying, selling, and creating NFTs. Additionally, the OKX Wallet serves as a gateway to various decentralized applications (DApps).

OKX Mobile App

Some of the popular OKX trading features are:

  • Futures Trading: Enables trading perpetual contracts and perpetual swaps, allowing speculation on future crypto prices with high leverage of up to 100x. OKX supports USDT-margined, USDC-margined, and crypto-margined trading pairs.
  • Margin Trading: Borrow funds to increase your buying power for potential increased gains (or losses). Leverage is offered up to 10x on BTC and ETH and 50x on other altcoins.
  • Copy Trading: Mirror the trading strategies of experienced investors on the platform. This can be a good option for beginners or those seeking to automate their trades.
  • P2P Trading: Trade cryptocurrencies directly with other users. OKX supports over 100 fiat currencies and 900 local payment methods for convenient transactions.
  • Trading Bots: Automate your trading strategy by setting rules for buying and selling crypto based on market conditions. It supports grid, DCA, and arbitrage bots.
  • Earn and Staking: Earn interest on your crypto holdings through various options. OKX offers fixed and flexible staking terms, on-chain earning opportunities, and structured products.
  • Jumpstart: Participate in launching new crypto projects and earn new token airdrops by providing liquidity on the OKX platform.
  • Crypto Loans: Borrow cryptocurrencies using your existing digital assets as collateral. Interest rates are calculated hourly.

You can read our full OKX review for a detailed guide on the exchange.

OKX Fees

OKX employs a tiered fee structure based on your 30-day trading volume and OKB holdings across your main and sub-accounts. These tiers are recalculated daily.

For spot trading, at the standard tier, the maker fee is 0.08% and the taker fee is 0.1%. This is below the industry average of 0.1% maker/taker and very low compared to exchanges like Coinbase.

Here are the OKX futures trading fees:

  • Perpetual Futures: The standard maker fee is 0.02%, while the standard taker fee is 0.05%. Fees are settled in the traded cryptocurrency.
  • Options Contracts: The fees for options contracts also depend on whether you are a maker or taker with 30-day trading volume discounts. The standard maker fee is 0.02%, and the taker fee is 0.03%.

Use the OKX invite code “12554491” to get a 30% discount on your spot and futures trading fees.

OKX Review 2024: Trading Features, Fees, and Security

OKX Referral Code

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

Deposit & Trade This Month

Code Valid: May 2025

Conclusion

In a nutshell, using the OKX referral code “12554491” when signing up for an account on the OKX exchange is a smart move. This code provides new users with several exclusive benefits, including a $10,000 USDT sign-up bonus, mystery boxes worth 50 USDT, and up to a 30% trading fee discount.

By following the steps outlined in this guide, you can easily claim these rewards and begin your cryptocurrency journey on a strong footing.

If you are looking for more signup rewards on other crypto exchanges, you can check out our MEXC referral code bonuses.

FAQs

Is OKX trusted?

Yes, OKX is a trusted and legitimate crypto exchange. The platform prioritizes the safety of data and assets. Cold wallets are used for offline storage, reducing risk compared to online wallets. Multiple backups and bank vaults enhance protection. Online wallets, although riskier, are also secured through essential measures.

OKX maintains an asset risk reserve fund, allocating a portion of earnings to safeguard user assets from crypto security risks. Two-factor authentication is mandatory, offering either SMS notifications or Google Authenticator. For secure deposits and withdrawals, OKX uses semi-offline multi-signature mechanisms. Private keys are stored in RAM instead of permanent memory, adding another layer of security.

What is the referral code for OKX mystery box?

The referral code for the OKX mystery box is “12554491.” By using this code when signing up, you can unlock various bonuses and benefits, including the chance to receive a mystery box. This box may contain up to $50 worth of USDT or Bitcoin.

How can I get a free Bitcoin bonus on OKX?

To get a free Bitcoin bonus on OKX, you need to sign up using the referral code “12554491.” After entering this code during registration, you will be eligible for the OKX sign-up bonuses, including mystery boxes. These boxes contain free Bitcoin rewards. Ensure you complete the necessary tasks in the OKX Reward Center to claim your bonuses.

How do I claim my OKX App mystery box?

To claim your OKX app mystery box, follow these steps: Sign up for an OKX account using the referral code “12554491”. Complete the identity verification process (KYC). Make your first deposit of at least $50 worth of any accepted cryptocurrency. Go to the “Reward Center” on your OKX account. Locate and open your mystery box to reveal your rewards.

Is there an expiration date for the OKX App referral code?

There is no expiry date for the OKX app referral codes, but there is a 30-day expiration date for the OKX mystery boxes and sign-up rewards. You need to claim the boxes within 30 days, or else they will expire.

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Bitget Referral Code 2025: udxm ($6,200 Sign-Up Bonus) https://nftevening.com/bitget-referral-code/?utm_source=rss&utm_medium=rss&utm_campaign=bitget-referral-code Wed, 22 May 2024 16:00:18 +0000 https://nftevening.com/?p=138198 Are you looking for a Bitget referral code? You are in the right place. Bitget is a popular crypto trading platform. You can trade many types of cryptocurrency here and

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Are you looking for a Bitget referral code? You are in the right place. Bitget is a popular crypto trading platform. You can trade many types of cryptocurrency here and using a referral code can benefit you. It can be discounts or bonuses. This guide will give you the best Bitget invite code, what amazing rewards you can expect, and the simple steps to activate your earning potential.

bitget-token-new-bgb-logo

Bitget Referral Code

Get $6,200 USDT Bonus

Deposit & Trade This Month

Code Valid: May 2025

What is a Bitget Referral Code?

Crypto Exchange

Bitget

Referral Code

udxm

Signup Bonus or Referral Bonus

Up to 6,200 USDT

Mystery Box

Worth 500 USDT

Trading Fees Rebate

20%

bitget-token-new-bgb-logo

User Score

9.4

Exclusive Trading Event

Get $6,200 Sign-Up Bonus

Deposit & Trade This Month

Bitget referral code is a special promo code that gives you bonuses when you sign up for a new Bitget account. It’s like a coupon code for new users. When you use a referral code during signup, you can get rewards like a sign-up bonus, discounts on trading fees, or even mystery boxes with surprise rewards inside.

The best Bitget referral code “udxm” gives you a sign-up bonus of 6,200 USDT, a mystery box worth 500 USDT, and a 20% discount on trading fees.

Bitget Sign-up Bonus Rewards

1. Referral Bonus for Valid Trading Volume of 500 USDT

When you sign up for Bitget using the referral code “udxm” and trade crypto worth over 500 USDT, you receive great rewards. You get 15 USDT in trading credits and a Mystery Box. This Mystery Box can have rewards worth up to 500 USDT.

You can also invite friends to join Bitget and earn more rewards. Here’s how it works:

  • Invite a Friend: Use your unique referral link to invite a friend.
  • Friend Signs Up: Your friend signs up using your referral link.
  • Friend Trades 500 USDT: Once your friend trades 500 USDT or more, you both earn rewards.
  • Receive Rewards: Both you and your friend get 15 USDT in trading credits.
  • Mystery Box: Both of you receive a Mystery Box with rewards worth up to 500 USDT.

2. Referral Bonus for Valid Trading Volume of 25,000 USDT

For larger trades, Bitget offers even bigger sign-up rewards. If you trade 25,000 USDT or more, you get another referral bonus. This includes another 15 USDT in trading credits and a more valuable Mystery Box. This Mystery Box can have rewards worth up to 1,000 USDT.

Bitget offers sign-up rewards

3. New User Rewards

You can register on the exchange to claim a welcome pack of 1,000 USDT. You will also receive points, which can be further converted into USDT coupons:

  • Identity verification: Complete identity verification to get 100 Points
  • First-time deposit: Make an initial deposit of 50 USDT or more to get 200 points.
  • First trade: Make your first trade of at least 50 USDT to get 500 points.
  • Trading challenge: The higher your total 7-day transaction amount, the more rewards you receive (capped at 500 points)
  • Assets challenge: The higher your net assets, the more points you receive (capped at 500 points).

How to Use Bitget Referral Code “udxm

bitget-token-new-bgb-logo

Bitget Referral Code

Get $6,200 USDT Bonus

Deposit & Trade This Month

Code Valid: May 2025

Using the Bitget referral code “udxm” is a simple process that allows you to unlock various bonuses and rewards. Here is a step-by-step guide on how to sign up, verify your identity, deposit funds, trade crypto, and claim your sign-up bonus.

Step 1: Create a Bitget Account

First, go to the Bitget website or download their mobile app. You’ll see a button that says “Sign Up”, on the main page. Now choose how you want to register: by email address or phone number.

Then make a strong password and enter the invite code “udxm” where it asks for a referral code. This code will get you a signup bonus, so don’t forget it.

Next, agree to Bitget’s terms and conditions and their privacy policy. Finally, click “Create Account” to finish registering. They will send you a confirmation email or text message, depending on what you choose. Just follow the instructions in the message to verify your account and you’re good to go.

How to add referral code in bitget

Step 2: Identity Verification

To unlock the full potential of your Bitget account and access more features, you’ll need to verify your identity. This is a standard process on most cryptocurrency platforms and helps prevent fraud.

  • Locate the “Identity Verification” section within your Bitget profile settings.
  • Prepare the required documents, which typically include a government-issued photo ID (passport, driver’s license) and a proof of address document (utility bill, bank statement).
  • Follow the on-screen instructions to upload clear photos or scans of your documents.
  • Bitget will review your documents. This process usually takes within 60 minutes, but it can sometimes take longer depending on the verification volume.
  • Once your identity is verified, you’ll receive a notification from Bitget.

Identity Verification

Step 3: Deposit Fiat or Crypto

Before you can start trading cryptocurrencies, you’ll need to fund your Bitget account. First, find the “Deposit” section. It’s in your account wallet area.

Then, choose how you want to deposit your money. Bitget lets you deposit using regular money (like US dollars or Euros) or cryptocurrencies (like Bitcoin or Ethereum). Follow the specific instructions for your chosen deposit method. This might involve copying an address for crypto deposits or entering your debit card details for fiat currency deposits. You can also perform P2P trading.

Finally, after you start your deposit, it might take a little while for the money to show up in your Bitget account. The processing time depends on how you deposited the funds.

Deposit Fiat or Crypto

Step 4: Trade Crypto

  • Navigate to the “Markets” section on Bitget. Here, you’ll find a list of tradable cryptocurrencies.
  • Choose the cryptocurrency pair you want to trade. For example, BTC/USDT (Bitcoin paired with Tether).
  • Familiarize yourself with the order types available on Bitget. Common options include market orders (buying or selling at the current market price) and limit orders (setting a specific price for your trade).
  • Enter the amount of cryptocurrency you want to buy or sell.
  • Review your order details carefully before confirming your trade.
  • Once you confirm, your order will be placed on the market and executed based on your chosen order type.

Trade Crypto

Step 5: Claim Signup Bonuses

Remember the referral code “udxm you used during signup. Here’s where it can potentially benefit you. Go to the “Rewards” section and complete all the required tasks like depositing at least $50 USDT and performing KYC verification. The more you trade, the more rewards will be unlocked.

Claim Signup Bonuses

Bitget Referral Bonus Terms and Conditions

Bitget’s referral bonuses come with specific terms and conditions. Here are the key points:

  • Eligibility: Only new users who sign up using a valid referral code are eligible for the bonuses.
  • Trading Requirements: To earn the referral bonuses, users must meet certain trading volume requirements. For instance, trading 500 USDT or more unlocks initial rewards.
  • Bonus Distribution: Bonuses are distributed as trading credits and mystery boxes, which can contain various rewards.
  • Friend Referral: You can earn additional rewards by referring friends to Bitget. Both you and your referred friends must meet the trading requirements to receive the bonuses.
  • Expiration: Referral bonuses might have an expiration date, so it’s important to meet the trading requirements promptly.

Bitget Referral Program and Affiliate Program

Bitget offers two ways to earn rewards by inviting friends to trade crypto: Referral Program and Affiliate Program. Both are easy to get started with.

The Referral Program is open to everyone. Simply share your referral link with friends. Once your friend signs up, verifies their ID, deposits money, and starts trading, you both get rewards. These rewards can be trading bonuses and Mystery Boxes that might contain up to 6,200 USDT in total value.

The Affiliate Program is designed for people who already have an audience, like social media followers or website visitors. You’ll need to apply to become a Bitget affiliate. If approved, you’ll get a unique affiliate link to share with your audience. You’ll earn a commission (up to 50% rebate) on the trading fees your referrals pay when they trade on Bitget.

How do I get a Bitget referral code?

Getting a Bitget referral code is a straightforward process. In the “refer a friend” section, you will find an option to generate your unique referral code or referral link. This code or link is what you will share with others to invite them to join Bitget.

Copy your referral code or link and share it with friends, family, or on social media. You can share it via email, text, or any other communication platform.

About Bitget Exchange

Established in 2018, Bitget is a leading cryptocurrency exchange and Web3 company headquartered in Singapore, has emerged as a prominent platform for trading crypto derivatives and copy trading.

Registered as a Virtual Asset Service Provider (VASP) in Poland and Lithuania, Bitget caters to a global audience of over 25 million users by supporting over 750 cryptocurrencies and more than 900 trading pairs, along with multiple fiat currencies like USD, EUR, and more for seamless transactions.

Bitget offers a comprehensive suite of services for crypto traders. This includes spot trading for the direct buying and selling of cryptocurrencies, futures trading with 125x leverage for speculating on future cryptocurrency prices through contracts, and margin trading for amplified gains by leveraging borrowed funds.

A unique feature of Bitget is its copy trading service. This allows novice traders to replicate the strategies of successful, experienced traders and potentially benefit from their expertise. Additionally, Bitget offers AI-powered trading bots to automate trading strategies for users seeking a more streamlined approach.

Bitget copy trading service

Security remains paramount for Bitget. To safeguard user assets, the platform implements a robust $424 million Protection Fund that acts as insurance in the event of security breaches. Furthermore, Bitget prioritizes transparency by providing monthly proof of reserves (PoR), guaranteeing that user deposits are adequately backed by sufficient assets.

For high-volume traders or those with substantial asset holdings, Bitget offers a VIP Trading Club with exclusive benefits. VIP members enjoy reduced trading fees, dedicated account management for personalized support, and access to special investment opportunities.

Bitget also provides a user-friendly mobile app available on both iOS and Android devices, empowering users to trade cryptocurrencies conveniently from anywhere. To facilitate deposits and withdrawals, Bitget offers a variety of payment options, including credit cards, bank transfers, third-party payments, and various e-wallets.

You can read our full Bitget review for more information.

What are Bitget fees?

Bitget implements a fee structure encompassing various services such as trading, deposits, and withdrawals.

  1. Spot Trading Fees: When engaging in spot trading on Bitget, both makers and takers incur a uniform fee of 0.1% per transaction. However, utilizing BGB tokens to settle these fees reduces the cost by 20%, resulting in a fee of 0.08%.
  2. Futures Trading Fees: Similar to spot trading fees, futures trading on Bitget also employs a tiered fee structure. Makers are charged a preferential fee of 0.02% per trade, while takers are subject to a higher fee of 0.06%.
  3. Deposit Fees: Bitget offers a zero-fee policy for cryptocurrency deposits.
  4. Withdrawal Fees: Unlike deposit fees, withdrawal fees on Bitget are variable and depend on the specific cryptocurrency being withdrawn. These gas fees are dynamically adjusted based on network conditions.

You can check the full Bitget fees here.

Bitget Spot Trading Fees

Conclusion

In a nutshell, using the Bitget referral code “udxm” during account creation grants new users access to a significant welcome bonus. This bonus can reach up to 6,200 USDT in value. Additionally, a mystery box containing up to 500 USDT and a 20% discount on trading charges are included.

Bitget offers a comprehensive suite of trading options, including futures trading, margin trading, and P2P trading. By registering with this invite code and fulfilling specific tasks, users have the potential to maximize their rewards. Furthermore, Bitget maintains a referral and affiliate program, enabling users to earn additional benefits by inviting friends or promoting the platform.

bitget-token-new-bgb-logo

Bitget Referral Code

Get $6,200 USDT Bonus

Deposit & Trade This Month

Code Valid: May 2025

FAQs

What is the Bitget invitation code?

The Bitget invitation code, also known as the Bitget referral code, is a special code that new users can use during the registration process to unlock additional rewards. Our Bitget invitation code is “udxm” to grab a 6,200 USDT welcome bonus and an additional 20% trading fee rebate.

How to get a bonus on Bitget?

There are two ways to get bonuses on Bitget: using a referral code during signup and completing specific trading tasks.

  1. Referral Code “udxm: Bitget offers referral codes that grant both new users and the referrer bonus rewards. The referral code “udxm” provides new users with a welcome package worth up to 6,200 USDT, trading fee discounts of up to 20%, and even mystery boxes containing additional futures trading bonuses.
  2. Trading Task: Bitget frequently runs promotions that incentivize new users to trade on the platform. By completing specific trading tasks, such as reaching a certain trading volume within a set timeframe, both the new user and the person who referred them can earn additional bonuses.

How safe is Bitget?

Bitget uses strong security measures. It has two-factor authentication (2FA). It also uses cold storage for most funds. This helps keep your money safe. It is committed to safety with a $424 million Protection Fund and a total reserve ratio of 175%. It is also registered as a Virtual Asset Service Provider (VASP) in several jurisdictions, including Poland and Lithuania.

How to get 1000 USDT from Bitget?

To get 1000 USDT from Bitget, you must participate in the welcome pack promotion, complete the new user tasks, and accumulate points which can be converted into USDT coupons.

The post Bitget Referral Code 2025: udxm ($6,200 Sign-Up Bonus) appeared first on NFT Evening.

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Bitget Review 2025: Is It a Safe & Legit Crypto Exchange? https://nftevening.com/bitget-review/?utm_source=rss&utm_medium=rss&utm_campaign=bitget-review Mon, 13 May 2024 16:59:51 +0000 https://nftevening.com/?p=137955 Bitget is listed among the top-tier exchanges in terms of futures trading volume and liquidity, according to CoinMarketCap. If you’re also seeking a crypto trading platform with comprehensive features, you should

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Bitget is listed among the top-tier exchanges in terms of futures trading volume and liquidity, according to CoinMarketCap. If you’re also seeking a crypto trading platform with comprehensive features, you should definitely check it out. In this Bitget review, we will cover its pros and cons, fees, security measures, and trading features.

bitget-token-new-bgb-logo

User Score

9.4

Exclusive Trading Event

Get $6,200 Sign-Up Bonus

Deposit & Trade This Month

Bitget Exchange Summary

Types Cryptocurrency Exchange
Year Founded 2018
Founder Sandra Lou
Supported Countries 150+ (including the United Kingdom, Australia, Italy, South Korea, Japan, Germany, and Russia)
Number of Supported Cryptocurrencies 800+ crypto tokens and 900+ trading pairs
Types of Trading Spot Trading, Margin Trading, Futures Trading, Copy Trading, P2P Trading, Demo Trading, etc.
Fiat Currencies Supported 140+ (USD, EUR, BRL, INR, GBP, etc.)
Deposit Methods Bank transfer, Debit/Credit card, Visa and Mastercard, Cryptocurrency, Apple Pay, Google Pay, etc.
Trading Fees
  • Spot: 0.1% maker/ taker
  • Futures: 0.02% maker and 0.06% taker
Deposit and Withdrawal Fees No
Staking Options Fixed/flexible savings, BGB staking, structured products like dual investment, SharkFin, and Range Sniper
NFT Marketplace Yes
DeFi Features Bitget Wallet, DApps, and Swaps
Security Measures 2FA, cold storage, protection fund, PoR data, anti-phishing code, address whitelisting, and more
Customer Support Channels Live chat, email, support ticket system
Mobile App Android and iOS

What is Bitget?

Founded in 2018, Bitget is a global crypto exchange with over 100 million registered users worldwide in over 150 countries, including the United Kingdom, Australia, Italy, and Russia. It has over $20 billion daily trading volume and has become the largest copy trading platform. While copy trading is its core feature, Bitget offers a comprehensive suite of services for various crypto needs. You can buy and sell over 800 popular cryptocurrencies, including BTC, ETH, USDT, USDC, BGB, and many more, through spot and futures trading.

About Bitget

The story of Bitget begins in 2015 when a team with a traditional finance background, led by founders Sandra Lou and Gracy Chen, became intrigued by blockchain technology after exploring the Bitcoin whitepaper. This fascination with crypto’s potential led to the official founding of Bitget in 2018.

Since then, the platform has partnered with prominent figures like footballer Lionel Messi and organizations like Juventus Football Club to enhance brand recognition and attract new users. Bitget is recognized for its robust and flexible trading platforms that cater to both novice and experienced traders. 

For those looking for more automated trading solutions, Bitget provides AI-powered trading bots. They can execute trades based on pre-defined parameters. Additionally, the platform features a Launchpool and Launchpad. This allows access to new and exciting cryptocurrency projects.

About security, the platform has a $350 million emergency insurance reserve. Additionally, Bitget publishes monthly Merkle Tree proofs, platform reserve audits, and reserve ratios to promote transparency.

Pros of Bitget

  • Over 800 coins and tokens available for trading including many new altcoins
  • It includes options like staking, launchpad participation, and savings products, providing ways to potentially grow your holdings passively
  • Robust copy trading platform with over 130,000 elite traders
  • It supported over 140+ fiat currencies for easy deposits and withdrawals
  • Advanced order types for experienced traders like trailing stop-loss and iceberg orders

Cons of Bitget

  • Bitget is restricted in certain regions like the United States, Canada (Alberta), Netherlands, Hong Kong, Singapore and Cuba.
  • Advanced trading features like high leverage and margin trading can be daunting for beginners

Bitget Crypto Trading Features Explained

Bitget Spot Trading

The platform supports a spot market for the instant buying and selling of cryptocurrencies. This market has over 800 digital assets for trading and 900+ trading pairs. Currently, the Bitget spot market offers three different types of trading pairs:

  1. Stablecoin pairs (USDT or USDC): In this, cryptocurrencies can be bought with stablecoins. For example, you will find BTC/USDT, ETH/USDC, and SOL/USDC pairs.
  2. Cryptocurrency Pairing (BTC or ETH): This type of trading involves pairing different cryptocurrencies, like Bitcoin (BTC) or Ethereum (ETH) for direct exchange. Crypto traders can buy BTC with ETH or vice versa. You will find trading pairs like BTC/ETH, SOL/BTC, ATOM/BTC, etc. This allows for a wide range of trading strategies based on the fluctuating values of these cryptocurrencies.
  3. Fiat pairs (EUR, USD, and more): Fiat pairs enable users to trade cryptocurrencies directly with traditional fiat currencies like Euro (EUR) and US dollars (USD). This offers easy entry into the cryptocurrency market for users who prefer to use their local currency. Withdrawals must be made to a bank account previously used for deposits, ensuring a secure and streamlined process.

Trading strategies

Plus, Bitget offers various order types to suit different trading strategies:

  • Market Order: This is the simplest order type. You instruct Bitget to execute your trade immediately at the best available market price. It prioritizes speed over price, ensuring your order fills quickly.
  • Limit Order: Here, you specify the target price at which you want to buy or sell a coin. Your order remains pending until the market price reaches your set price. This offers more control over the execution price but potentially delays the trade. For instance, the current BTC price is $65,000, but if you want to buy it at $60,000, then you can place this order.
  • OCO Order (One-Cancels-the-Other): This advanced order type combines two orders – a limit buy and a limit sell – placed simultaneously. If one order gets filled, the other gets automatically canceled. This helps manage potential losses by setting both entry and exit points for your trade.
  • Trigger Order: A trigger order becomes active only when a specific price condition is met. For instance, you can set a buy order to trigger if the price rises above a certain level (let’s say 20%). This is useful for automating entries and exits based on price movements.
  • Take Profit (TP)/Stop Loss (SL): These are conditional orders placed alongside your main order to automatically lock in profits or minimize losses. A TP order sells your coin when it reaches a desired profit level, while an SL order automatically sells your coin if the price falls below a set limit.
  • Trailing Stop: It automatically adjusts your stop-loss price as the market price moves favorably. For example, with a trailing stop set at 10% below the market price, the stop price automatically rises as the market price increases, but it remains fixed if the price falls. This helps lock in profits while offering some protection against price drops.

Bitget's Spot Trading

Bitget Futures Trading

Bitget lets you trade futures contracts, which are essentially agreements to buy or sell a cryptocurrency at a specific price in the future. This allows you to speculate on whether the price of a cryptocurrency will go up or down. Bitget offers up to 125x leverage for futures trading.

This means you can take a larger position than your initial investment. This can magnify your potential profits if the market moves in your favor (or losses too).

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Here’s the breakdown of the leverage offered by Bitget:

  • Bitcoin (BTC): Up to 125x leverage
  • Ethereum (ETH): Up to 100x leverage
  • Other cryptocurrencies like SOL, MATIC, ADA, DOGE, etc. (Altcoins): Up to 50x leverage

On top of that, Bitget boasts a wide selection of over 200 different futures contracts. Now, let’s discuss about different types of futures markets available on Bitget:

  1. USDT-M Futures: These are perpetual futures contracts settled in Tether (USDT), a stablecoin pegged to the US dollar. They have no expiry date, so you can hold them for as long as you want.
  2. Coin-M Perpetual Futures: Similar to USDT-M, these contracts also have no expiry. However, the settlement currency is the underlying cryptocurrency itself (e.g., BTC for Bitcoin futures).
  3. Coin-M Settled Futures: These futures contracts have a set expiry date. You’ll receive or deliver the underlying cryptocurrency upon contract expiration.
  4. USDC-M Futures: Similar to USDT-M futures, these are perpetual contracts settled in USD Coin (USDC), another popular stablecoin.

Futures Products of Bitget

Bitget Margin Trading

Bitget also offers margin trading. This lets you trade cryptocurrencies with borrowed funds from the exchange. Imagine it like this: you put up a smaller amount of your own money (called margin) as collateral, and Bitget lends you the rest to trade with.

There are two main types of margin trading on Bitget: Isolated Margin and Cross Margin

  • Isolated margin keeps your borrowed funds separate for each trade. So, if the price of one cryptocurrency you bet on goes down, it won’t affect the funds you borrowed for other trades. This can help limit losses but also means you might need to adjust your margin for each trade.
  • Cross margin, on the other hand, treats all your positions as one big pot. Any funds you borrow can be used for any of your trades. This can be useful if you want to manage your margin across different cryptocurrencies, but be careful! If the total value of your crypto holdings dips below a certain level (maintenance margin), Bitget might force you to sell some of your crypto to pay back the loan (liquidation).

The amount of borrowed funds you can get with margin trading depends on the type of margin you choose and the specific cryptocurrency you’re trading.

Generally, Bitget allows leverage of up to 3 times for cross margin and 10 times for isolated margin.

The margin requirement on Bitget for opening a new position is calculated as follows: Opening margin = (Notional value/Leverage) + Estimated opening fees

When opening a position with a margin, you’ll need to consider the initial margin. Imagine you want to buy $1000 worth of cryptocurrency with 10x leverage. In this case, the initial margin would be around $100 (calculated as $1000 divided by 10, plus any opening fees). So, you’d put up $100 of your own money and borrow the remaining $900 from Bitget.

Here’s a breakdown of some key terms you’ll encounter in Bitget’s margin trading:

Initial Margin

This is the minimum amount of your own crypto assets you need to deposit to open a position. It’s like a security deposit that shows you have some “skin in the game”.

Maintenance Margin

The minimum amount of funds (including your initial margin) that you need to maintain your position open. If the value of your holdings falls below this level (due to price drops), you’ll get a margin call.

Variation Margin

If the value of your position goes against you, Bitget might require you to add more funds (variation margin) to keep your maintenance margin level healthy.

Available Margin

This is the amount of money you have left in your margin account that you can use to open new positions. It’s your initial deposit minus the current value of your open positions.

Risk Margin

A buffer amount set by Bitget to help prevent liquidation. It’s the difference between the maintenance margin and the initial margin.

Bitget's margin trading

Bitget OTC Market

OTC stands for “Over-the-Counter”. It’s a peer-to-peer transaction model for high-volume traders or institutional traders. Let’s say, you want to buy or sell a lot of crypto. Regular exchanges might not handle big orders smoothly and resulting in price slippage. Bitget OTC market lets you negotiate transactions directly with other traders, ensuring you get the best deal without causing market chaos.

Bitget also offers a “Pre-Market” feature for OTC traders. Here, you can buy a large chunk of tokens of newly listed projects before they enter the market. This is for the “Whales”.

Bitget Convert

Bitget has a feature called “Convert” that lets you easily swap one type of cryptocurrency for another. The best part? Using Bitget Convert is completely free. There are no hidden charges or extra fees to worry about. Plus, you can swap any amount you want, as long as it’s at least ten cents (USD) worth of crypto.

Convert feature of Bitget

Bitget P2P Trading

Bitget offers a P2P trading platform where you can buy and sell cryptocurrencies directly with other users. One of the biggest advantages of Bitget P2P is that there are zero fees for using the platform. Please note that payment providers may charge fees.

Bitget currently supports over 140 fiat currencies on its P2 market along with over 100+ payment methods. It also offers 6 cryptocurrencies for P2P trading.

  • USDT
  • USDC
  • BTC
  • ETH
  • BGB
  • DAI

For security, Bitget uses an escrow system to protect both buyers and sellers. Here’s how it works: When you place an order to buy crypto, Bitget actually holds the seller’s crypto until you confirm that you’ve paid them. Once you confirm the payment, Bitget releases the crypto to you. This way, you can be sure you’ll get the crypto you’re buying, and the seller can be sure they’ll get paid.

Bitget Copy Trading

Bitget is highly popular for its “copy trading” platform. It’s like copying the trades of other experienced traders. The Bitget copy trading portal has a pool of over 130,000 experienced traders, called “elite traders”. These professional traders have a proven track record and their trading activity is transparent. You, the “follower”, can browse through these traders and pick the ones whose performance you find impressive.

Bitget makes it easy to choose by showing you performance metrics on their copy trading portal. You can see a trader’s profit or loss (PnL), return on investment (ROI), AUM, copiers PnL, and other stats.

With over 650,000 followers using the platform, Bitget has facilitated a total realized PnL (profit and loss) of over $430,000,000. That’s a lot of money earned by people following the trades of experienced investors.

Once you’ve chosen a crypto trader to copy, you can also set specific parameters for your investment. You can choose which cryptocurrencies to follow the trader in, how much money to allocate, and even set take profit (TP) and stop loss (SL) prices.

Bitget currently has three types of copy trading markets: spot, futures, and bot copy trading.

Please note that you may need to share up to 15% of your profits with your “elite trader”. Regular trading fees also apply to each trade.

Bitget's Copy Trading

Bitget Trading Bots

Bitget offers a variety of trading bots that can automate your cryptocurrency trading strategies. These bots allow you to trade 24/7 without needing to constantly monitor the market. Here are the different types of Bitget bots:

Basic Bots

  • Spot Grid Bot: Imagine you set buy and sell orders at specific prices, like rungs on a ladder. This bot automatically places those orders for you, aiming to buy low and sell high as the price goes up and down.
  • Futures Grid Bot: Similar to the Spot Grid Bot, but for futures contracts, which allow you to leverage your trades.
  • Spot Position Grid Bot: This bot is designed for volatile markets. It automatically places buy orders at regular intervals as the price goes down, aiming to buy more coins at a lower price, and then sell them when the price rises again.
  • Futures Position Grid Bot: This bot works similarly to the Spot Position Grid Bot but for futures contracts.
  • Spot Auto-Invest: The bot is great for those who want to invest in crypto regularly but don’t want to constantly check prices. You set up a fixed amount to invest at specific intervals (let’s say $100 every Monday), and the bot takes care of buying the coins for you.

Advanced Bots

  • Spot Martingale Bot: It bot follows the idea of “buying the dip”. It places small buy orders as the price goes down, averaging out your buying cost, with the expectation that the price will eventually rebound.
  • Spot CTA Bot: This bot uses short-term trading strategies to try and profit from market movements in various cryptocurrencies. These works based on signals from external technical indicators
  • Futures Quant Bot: This bot is for the most technical traders. It allows you to build your own trading models based on large amounts of market data.
  • Futures Signal Bot: This bot lets you connect your Bitget account with TradingView, a popular charting platform. You can then copy trading signals from other crypto traders or create your own and have the bot execute them automatically.

Bitget's Trading Bots

Bitget Quanto Swap Contracts

Bitget Quanto Swap Contracts is a standout feature that allows users to trade cryptocurrencies on margin using various crypto assets as collateral. This innovative feature enables traders to retain the charges for the conversion of coins to coins and collect profits earned from the higher value of coins. With Bitget Quanto Swap Contracts, users can leverage their existing crypto holdings to trade a variety of crypto trading pairs, providing a flexible and efficient way to manage their portfolios.

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Bitget Earn Products Reviewed

Savings

Like other major exchanges, Bitget offers a “Savings” feature that lets you earn interest on your cryptocurrency holdings. It currently supports over 200 different cryptocurrencies that you can earn interest on. There are two main ways to use Bitget Savings: Flexible Savings and Fixed Savings.

Flexible Savings is like a regular savings account – you can deposit and withdraw your crypto holdings at any time. This is a good option if you need quick access to your crypto, but the interest rates you earn will be a bit lower. With Flexible Savings, you can earn up to 2% APR on BTC, 3% APR on ETH, and 2.6% on SOL.

Fixed Savings is more like a fixed deposit at a bank. You choose a specific term (like 30 days or 90 days) for your deposit and lock in a higher interest rate for that period. The downside is that you can’t withdraw your crypto until the term is over. Currently, you can earn 7.2% APR on USDT.

Staking

Bitget Staking offers another way to earn passive income on your crypto holdings, but it’s a bit different from Savings. Here are some of the options available:

  • BGB Staking: This lets you earn rewards by staking a Bitget token, BGB. By holding BGB, you get access to exclusive benefits on the Bitget platform, on top of earning staking rewards. It’s like getting rewarded for being a loyal Bitget user. Currently, it is offering 2% APY with zero fee withdrawals.
  • Shark Fin: This is a short-term staking product with high APYs (annual percentage yields) but limited spots. You can earn a guaranteed APR of up to 7% on popular coins like BTC or ETH but for a limited time.
  • Dual Investment: This lets you stake two different cryptocurrencies at the same time like BTC and USDT.
  • Range Sniper: This is a unique staking option where you speculate on the price movement of a cryptocurrency within a specific range. You can choose a bullish (price going up) or bearish (price going down) Range Sniper. If your prediction is correct and the price lands within the range, you earn a high-interest rate. However, if the price goes outside the range, you’ll still earn some interest, but it will be lower.

Bitget Staking

Crypto Loans

Bitget Loans lets you borrow cryptocurrency using your existing crypto holdings as collateral. There are flexible hourly interest rates. At present, you can borrow USDT at a 15% interest rate for 30 days. For BTC, the interest rate is only 1.9%.

Launchpad and Lanchpool

The trading platform offers three ways to get involved with new crypto projects:

  1. Launchpad: Participate in Initial Exchange Offerings (IEOs) to buy new tokens early, potentially at a discount.
  2. Launchpool: Stake your existing crypto like BGB to earn rewards in new tokens. There are a total of 67 projects launched so far with a total staked value of $2.1 billion.
  3. PoolX: Similar to Launchpool, but you will win a random airdrop with approximate APR.

Bitget Launchpool

Bitget Web3 Ecosystem Reviewed

Bitget Wallet

This is a non-custodial DeFi wallet for your crypto storage. It connects you to over 100 different blockchains. This means you can store and trade a huge variety of digital currencies, more than 250,000 in fact. The wallet is available is available in 168+ countries with 16 million registered users.

The Wallet also makes it easy to swap between different cryptocurrencies. With Bitget Swap, they use “intelligent DEX liquidity aggregation” to find the best rates for your swaps. It also has cross-chain swaps.

But this Wallet isn’t just about coins and tokens. It’s also your key to exploring the exciting world of Decentralized Applications (DApps). You can discover over 20,000 DApps, from cutting-edge financial tools like staking and DeFi to fun and interactive games in the Metaverse.

Bitget NFT

Bitget also offers a marketplace for everything related to NFTs (Non-Fungible Tokens). Most NFT marketplaces like OpenSea limit you to a few blockchains.

But, Bitget boasts support for the most popular blockchains including Ethereum, Polygon, BNB Chain, Arbitrum, and Optimism. This gives you more flexibility and choice when buying, selling, or storing your NFTs.

Bitget NFT Marketplace

Bitget Fees

Bitget charges different fees depending on the type of trading you do and whether you’re a regular user or have a special VIP status. Here’s a breakdown of the main trading fees you’ll encounter:

Spot Trading Fees

There are two types of spot trading fees: maker and taker.

  • Maker fee: This means adding liquidity to the market by placing an order that doesn’t immediately get fulfilled. Regular users pay a 0.10% maker fee.
  • Taker fee: This is the fee you pay for taking liquidity out of the market by placing an order that gets filled right away. Regular users also pay a 0.10% taker fee.

Note: These fees can be reduced by 20% if you use Bitget’s own token, BGB, to pay the fee.

User Level Trading Volume Maker Fee Taker Fee
Regular User 0.1% 0.1%
VIP 1 >1,000,000> 0.04% 0.06%
VIP 2 >2,000,000 0.025% 0.05%
VIP 3 >3,000,000 0.02% 0.045%
VIP 4 >5,000,000 0.015% 0.04%
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9.4

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Futures Trading Fees

Regular users pay a flat fee of 0.02% for maker orders and 0.06% for taker orders on all three account types (USDT-M, Coin-M, and USDC-M). Similar to spot trading, futures trading fees can be reduced with a 30-day trading volume.

Margin Interest Rates

If you borrow funds from Bitget to trade with more than you have on deposit, you’ll be charged interest on the loan. Regular users don’t get any discount on the interest rate, which is currently 0.005% per day (or 1.825% annually) for BTC.

Margin Interest Rates

Deposit and Withdrawal Fees

Bitget exchange generally doesn’t charge fees for depositing cryptocurrencies. However, for withdrawing crypto, there may be fees associated fees vary depending on the specific coin or token. These fees are network fees (also called gas fees) and can be changed based on market conditions.

For example, at present, the withdrawal fee for BTC is 0.00025 BTC, and Ethereum (ERC20) is 0.002 ETH, which is pretty high.

To explore more about Bitget fees, you can check the full fee structure here.

Withdrawal Limits

User Level No-KYC KYC Level 1 or Level 2
Regular User Daily withdrawal limit: 20,000 USDT;

Monthly withdrawal limit: 100,000 USDT

3 million USDT
V1 6 million USDT
V2 8 million USDT
V3 10 million USDT
V4 12 million USDT

Bitget Payment Methods

On its P2P market, the platform supports more than 100 payment methods. But, for direct deposits and withdrawals, it has only a few options:

  • Visa and Master Card (Credit/Debit cards)
  • Apple Pay
  • Google Pay
  • Bank Transfer (selected countries only)
  • Third-Party payment processors like Banxa and Mercuryo

Security: Is Bitget Safe?

Bitget offers various features to keep your cryptocurrency safe, making it a secure platform for trading. Here’s a breakdown of some robust security measures:

  • Two-Factor Authentication (2FA): This adds an extra layer of security by requiring a code from your phone or app (like Google Authenticator) in addition to your password. Even if someone guesses your password, they can’t log in without the code.
  • Proof of Reserves (PoR): Bitget’s Proof of Reserves is a cryptographic method that assures customers that their funds are available for withdrawal at any time. The exchange’s solvency data is transparent and publicly available, giving users confidence in the exchange’s ability to safeguard their assets. According to Defillama, it currently holds $2.175 billion in total user assets.

  • Secure Encryption: The trading platform uses strong encryption technology like SSL to encrypt your information when it travels between your device and the Bitget servers. This makes it very difficult for hackers to steal your data.

  • Anti-Phishing Code & Withdrawal Address Whitelist: Phishing scams try to trick you into giving away your login details. Bitget can help avoid these by generating a unique code for each email. Traders can also whitelist trusted withdrawal addresses to prevent accidentally sending their funds to the wrong place.

  • Cold Storage: Most of Bitget’s user funds are stored offline in cold storage, which means they’re not connected to the internet. This makes it much harder for hackers to steal.
  • Insurance Fund: Bitget has a $350 million insurance fund to cover losses in case of a security breach. While this doesn’t guarantee to get user assets back, it offers some additional peace of mind.
  • Mandatory KYC (Know Your Customer):  Bitget requires users to verify their identity with documents like passports or IDs. This helps prevent fraud and money laundering.

Supported Cryptocurrencies on Bitget

The trading platform supports a massive selection of over 800 cryptocurrencies and 900 trading pairs, giving you access to a vast marketplace for trading. This includes a comprehensive range of popular coins, numerous new altcoins, and tokens spanning various areas like DeFi, Metaverse, AI, and Real World Assets (RWAs).

Here’s a glimpse into what coins you’ll find on Bitget:

Bitget Mobile App

Bitget boasts a highly-rated mobile app that allows you to buy, sell, and trade cryptocurrencies anywhere, anytime. The Bitget app is available for both iOS and Android devices.

The mobile platform has a clean and intuitive interface for a good trading experience. The main screen gives you a quick snapshot of the market, displaying the prices of major cryptocurrencies. Buying and selling crypto is made simple with clear buttons and easy-to-follow instructions. Even if you’re new to crypto trading, the app’s design makes it straightforward to navigate.

For more experienced traders, you can access advanced charts and technical indicators to analyze the market. Bitget app also allows you to set stop-loss and take-profit orders, which helps you manage your risk and lock in profits.

Bitget app

Customer Service

Bitget offers a few different ways to get help when you need it. The first option is their FAQ section. This is a comprehensive database of answers to frequently asked questions. Here you can find solutions to common issues or gain clarification on specific features of the platform.

If you can’t find your answer in the FAQ, you can also submit a support ticket.  This option allows for detailed explanations of the issue and personalized assistance from Bitget customer support team.

Finally, for those who prefer immediate interaction, Bitget offers 24/7 live chat support. This real-time communication channel connects users directly with a customer support team representative who can address their concerns promptly.

Bitget Restricted Countries

Bitget is available in more than 100 countries. However, it is not available in countries like the U.S. and Singapore. Here is the list of specific restricted countries:

  • United States
  • Afghanistan
  • Canada (Alberta)
  • Central African Republic
  • Hong Kong
  • Iran
  • North Korea
  • Netherlands
  • Singapore

Bitget vs. Other Major Exchanges

OKX and Bybit are the top alternatives to Bitget trading platform Here is the quick comparsion:

Features Bitget OKX Bybit
Founded 2018 2017 2018
Best For Copy trading DeFi ecosystem Derivatives trading
Non-custodial Wallet Yes Yes Yes
Supported coins 800+ 327+ 1,167+
Spot Trading fees 0.1% Maker/Taker 0.08% maker and 0.1% taker 0.1% maker/taker
Staking Services Yes Yes Yes
US Availability Limited (only Bitget Wallet) Limited (OKCoin operates) No availability
Governance token BGB OKB BIT

You can also read our full OKX and Bybit review for more information about these crypto exchanges.

How to Sign Up and Use Bitget Exchange?

Step 1: Create your Bitget account

First, head over to the Bitget website. In the top right corner, you’ll see a “Sign Up” button. Click on that button and choose how you want to create your account. You can use your email address or your phone number. Next, create a strong password to keep your account safe.

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There might be a spot for a referral code, but you can skip that part if you don’t have one. Before you finish signing up, make sure you agree to Bitget’s terms of service and privacy policy. Finally, Bitget will send a verification code to your email or phone number. Enter that code to complete your account creation.

 Sign up for Bitget account

Step 2: Verify Identity

Go to your profile section and click “Identity Verification”. You’ll usually need to provide some photos of your government ID and a selfie. The process can take up to 60 minutes.

Verify Identity

Step 3: Deposit Funds

Now, go to the “Wallet’ section and choose “Deposit”. Here you can choose to deposit either crypto or fiat currency. Simply follow the instructions depending on your payment method. You will see details information about the minimum deposit amount, the number of confirmations necessary, and other general information.

Deposit Funds

Step 4: Trade Crypto

With your funds deposited, you’re finally ready to start trading crypto! Head over to the “Trade” tab on Bitget. Here, you can choose the specific cryptocurrencies you want to trade with each other. For example, you might trade Bitcoin (BTC) for Tether (USDT). Next, pick the kind of trade you want to make. Bitget offers different options, but you can start with a simple “market order”.

Finally, enter the amount of crypto you want to trade and double-check everything looks right. Once you’re happy, click “Buy” to start trading. You can also explore different markets like spot, margin and futures markets.

Trade Crypto on Bitget's different markets

Final Verdict

In this review, we’ve explored the trading fees, features, pros, and cons of the Bitget crypto exchange. It offers a user-friendly interface, a wide variety of cryptocurrencies, and competitive fees. Features like copy trading and staking can be helpful tools for new investors, while advanced options for margin and future trading cater to experienced traders.

However, unavailability in certain jurisdictions like the US, Singapore, and Canada can be a major drawback for users from these countries. Additionally, you won’t find some advanced features like trading options on it.

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User Score

9.4

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Bitget Exchange Review: FAQs

Which country owns Bitget?

Bitget is a global company and doesn’t belong to any single country. It was founded in Singapore in 2018, but it operates worldwide.

Is Bitget legal in the US?

Bitget isn’t available to traders living in the United States due to regulatory restrictions there. U.S. financial authorities, including the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), have strict rules and licensing requirements for crypto exchanges.

However, if you are residents in the United States, you can still use Bitget’s self-custody wallet for trading cryptocurrencies. You can also consider looking for other platforms that comply with U.S. regulations, such as Coinbase or Binance.US.

What country is Bitget based in?

Bitget is a centralized cryptocurrency exchange (CEX) registered in Seychelles. However, it has been expanding its presence globally with licenses in other regions, such as being registered as a Virtual Asset Service Provider (VASP) in Poland and Lithuania, and as a Bitcoin Service Provider in El Salvador.

Is Bitget good for beginners?

Bitget can be a good option for beginners for a few reasons. First, both their web and mobile platform is designed to be easy to use, even for people new to crypto. They also offer educational resources to help you learn the ropes through Bitget Academy. Plus, trading options like “copy trading” lets you copy the trades of experienced users, which can be a great way to learn by example. You can also use its “demo trading” feature to learn the basics without real money.

Can I withdraw from Bitget without KYC?

You can withdraw up to 20,000 USDT per day or 100,000 USDT per month, but you can not deposit funds without ID verification. There will also be some related withdrawal fees vary depending on specific coin.

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

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Referral Link https://nftevening.com/recommends/mexc/
Sign-up Bonus Up to 8,000 USDT
Trading Fees Rebate Up to 50%

MEXC_square_logo-removebg-preview

User Score

9.5

Promotion

8,000 USDT Sign-Up Bonus

-10% Trading Fees

The MEXC referral code is a unique identifier that allows you to invite others to join the MEXC crypto exchange. It is also called invite/invitation code, coupon code or promo code. When someone uses your referral code during their registration process, both you and the person who signs up using your code receive benefits.

By using MEXC referral code “mexc-1Jc9c” and completing some tasks, you can get a sign-up bonus of up to $8,000 USDT. Using this referral code can also grant you a trading fee discount of up to 50% on the MEXC spot and futures trading. Plus, MEXC occasionally hosts special events where you can trade certain cryptocurrencies with zero fees.

Sign-up Bonuses on MEXC Referral Code “mexc-1Jc9c

MEXC offers 8,000 USDT when you sign up using the referral code “mexc-1Jc9c“. This bonus is distributed in three main types of rewards that you can claim: New User Exclusive, Futures Trading Tasks, and Identity Verification.

1. New User Exclusive

  • New users who sign up via referral code will receive a 20 USDT welcome bonus after the account registration process.
  • If you download the MEXC app, you can also receive a 5 USDT bonus after the first login.
Sign Up Bonus

MEXC Sign Up Bonus

For a limited time, you can receive additional rewards, making your experience even more rewarding. You can earn up to 5 USDT by completing the following tasks on MEXC:

  • Deposit 300 USDT
  • Maintain this deposit amount for 3 consecutive days
  • Accumulate futures trading volume ≥ 300 USDT

Furthermore, you can earn 3 USDT Copy Trade bonus by accumulating a total copy trading volume ≥ 100 USDT.

Additionally, if you reach specific net deposit and trading volume within the specified timeframe, you can earn double rewards up to 3,000 USDT. For example, if you accumulate futures trading volume ≥ 5,000 USDT and deposit 500 USDT within 3 days, you can receive a 10 USDT reward. That means if you want more rewards, you need to deposit more funds and maintain a higher trading volume.

Timed Task Bonus & Timed Double Reward

MEXC Timed Bonus

2. Futures Trading Tasks 

By experiencing specific features of futures trading, you can earn instant rewards. Here’s a breakdown of the advanced tasks and the trading rewards associated with them:

  • Using the “Flash Close” feature for the first time gives you a 3 USDT reward.
  • Similarly, placing your first Take Profit (TP) or Stop Loss (SL) order also earns you a 3 USDT reward.

Futures Trading Bonus

  • Applying leverage of at least 21x and accumulating a futures trading volume of at least 50,000 USDT within the period can earn you a 30 USDT reward.
  • If you complete a cumulative futures trading volume of at least 6,000,000 USDT, you can receive a random reward ranging from 10 to 500 USDT.
  • Additionally, if you achieve a cumulative futures trading volume of at least 50,000,000 USDT, you are entitled to a fixed reward of 1,000 USDT.

Advanced Task bonus

3. KYC (5 USDT Bonus Per Referral)

When you refer others to MEXC, you can earn a 5 USDT reward for each individual who completes the required tasks. To be eligible for the reward, your referrals must complete Know Your Customer (KYC) verification and accumulate a futures trading volume of at least 10,000 USDT. The more successful referrals you make, the more rewards you can earn.

This also means that if you sign up using our MEXC invitation code “mexc-1Jc9c”, you will be eligible for a 5 USDT bonus.

KYC Bonus

MEXC_square_logo-removebg-preview

MEXC Referral Code

Claim 8,000 USDT Sign-Up Bonus

Code Valid: May 2025

How to Use a MEXC Referral Code?

Step 1: Create a MEXC account with a referral code

To start using the MEXC referral code “mexc-1Jc9c”, you need to go through the sign up process. Creating an account is simple and straightforward. You can do this by visiting the official MEXC website and locating the “Sign Up” button.

After clicking on the “Sign Up” button, you will be directed to a registration form where you’ll need to provide some basic information such as your email address and a password. Now, you need to enter the MEXC referral code “mexc-1Jc9c” in the field “Referral Code (Optional)”. You can also automatically fill referral code section by using this MEXC referral link.

Once you’ve filled out all the required fields, click on the “Sign Up” button to proceed. And, verify your email account using a verification code.

How to add referral code in MEXC

Step 2: Verify Your Identity (Mandatory)

Once you’ve successfully registered an account, the next step is to complete the KYC (Know Your Customer) verification process. KYC verification is a standard procedure in the crypto industry to verify the identity of users and comply with regulatory requirements. This step is mandatory to receive a 8,000 USDT sign-up bonus and up to 50% trading fee discount.

To verify KYC on MEXC, go to the “Profile” section of your dashboard. Look for the option “Identification” to verify your identity and follow the instructions provided.

You may be asked to provide some personal information and documents such as a government-issued ID (passport, driver’s license, or ID card) and proof of address (utility bill or bank statement). Make sure to provide accurate information and high-quality images of your documents to avoid any delays in the verification process.

MEXC offers two types of KYC with variable withdrawal limits: Primary KYC and Advanced KYC.

Verify Your Identity

Step 3: Complete Tasks and Earn Signup Bonuses

Once your KYC verification is complete, you can start exploring the platform and participating in various tasks to earn rewards. Go to Events > Futures > Get $8000

As discussed above, these tasks include activities such as futures trading, transferring crypto from spot to futures account, or referring friends to join the platform using your referral code. You can find your unique referral code in the “Referral” section of your account dashboard.

That’s it! By following the steps outlined above, you can easily get started on MEXC and take advantage of the MEXC invitation code “mexc-1Jc9c” benefits.

MEXC 8,000 USDT bonus

MEXC Affiliate Program

Apart from the standard MEXC referral program, it also offers an affiliate program that allows you to earn referral rewards in the form of trading fee commissions by referring new users to their cryptocurrency exchange platform.

You can earn up to 70% in referral rebates on the trading fees generated by the users you refer. This means you get a cut of the fees whenever someone you refer buys or sells crypto on MEXC.

The program goes a step further by offering an additional 40% commission on the trading fees of users you refer who themselves become MEXC affiliates (sub-affiliates). This creates a potential second layer of earnings for you.

About MEXC Exchange

MEXC is a popular altcoin crypto exchange platform

MEXC is a popular altcoin crypto exchange platform known for its vast selection of over 2300 crypto tokens and 2800 trading pairs including BTC, ETH, SAND, DOT, ATOM, LINK, BONK, and many more. Launched in 2018, the exchange has grown to serve over 10 million users worldwide.

One of the biggest advantages of the MEXC exchange is its low trading fees. It offers a maker-taker trading fees model, which rewards users who add liquidity to the market (makers) with 0% fees in both the spot and futures markets. It also offers features like:

  • Spot trading: This is the most common type of crypto trading, where you buy and sell cryptocurrencies at the current market price. MEXC stands out for its extensive selection of altcoins, with over 2300 coins supported – far more than many other trading platforms like OKX and Binance. This makes it a great choice for traders looking to explore new crypto projects.
  • Futures trading: For experienced traders, MEXC offers futures contracts. This allows for leveraged trading, where you can increase your trade size by borrowing funds from the exchange. MEXC offers a high leverage ratio of up to 200x. It also boasts a wide range of over 300 futures contracts, giving you flexibility in your trading strategies.
  • Copy trading: This feature allows you to automatically copy the trades of experienced traders on the platform. This is like following their lead. It’s a good way to learn from them and maybe make money without having to be a crypto expert yourself.
  • P2P trading: Here, you can directly buy and sell cryptocurrencies with other users using fiat currencies. This gives you more control over the transaction price and payment methods. MEXC supports transactions in 3 fiat currencies and 4 cryptocurrencies (USDT, USDC, BTC, and ETH) on its P2P marketplace.
MEXC_square_logo-removebg-preview

MEXC Referral Code

Claim 8,000 USDT Sign-Up Bonus

Code Valid: May 2025

Conclusion

To sum up, using the MEXC referral code “mexc-1Jc9c” brings exciting benefits for both you and your friends. By inviting others to join MEXC, you unlock opportunities for hefty rewards, including a generous signup bonus of up to $8,000 USDT and significant trading fee discounts of up to 50%.

These rewards are attainable through various tasks like completing KYC verification and engaging in futures trading activities. Remember, the bonuses are time-sensitive, so it’s essential to act promptly to claim and utilize them.

FAQs

Is it safe to use a MEXC referral code?

Yes, using a MEXC referral code is safe. Referral codes are distributed by MEXC users to encourage new users to join the platform. Using a valid referral code won’t harm your account and can potentially grant you deposit bonuses or discounts. However, if you use someone’s referral code, your trading volume data may be shared with them for commission purposes.

Can I use multiple MEXC referral codes?

No, you cannot use multiple MEXC referral codes during signup. The system will only recognize the first code entered. So, it’s important to choose a code that offers the benefits you’re looking for.

How long do MEXC referral bonuses last?

The MEXC referral bonus you receive is only valid for 15 days. If you don’t use the sign-up bonus within 15 days of getting it, it will be automatically taken away. However, the profits generated using this referral bonus will be credited to your MEXC account.

Does MEXC have a sign up bonus?

Yes, MEXC offers a sign-up bonus for new users who register using a referral code “mexc-1Jc9c”. The bonus amount can be up to $8,000 in USDT, which is intended for leverage trading on the platform. The exact bonus amount may depend on the initial deposit and trading volume of the new user, as discussed above.

Where can I find a MEXC invite code?

There are a few ways to find a MEXC referral code. If you have friends or family who already use MEXC, they can share their referral code with you. You can also look for invite codes on online crypto communities, Google searches, and social media platforms. You can also locate your own invite code in your profile under the “Referral” section.

The post MEXC Referral Code 2025: mexc-1Jc9c (8,000 USDT Signup Bonus) appeared first on NFT Evening.

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MEXC Review 2025: Is This Crypto Exchange Safe & Legit? https://nftevening.com/mexc-review/?utm_source=rss&utm_medium=rss&utm_campaign=mexc-review Fri, 10 May 2024 16:59:27 +0000 https://nftevening.com/?p=137867 According to CoinMarketCap, MEXC is among the top 10 crypto exchanges. It has a daily trading volume of over $3 billion, making it the best choice for new traders. In this

The post MEXC Review 2025: Is This Crypto Exchange Safe & Legit? appeared first on NFT Evening.

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MEXC

4.9
 
Learn More

On MEXC's Website

MEXC Exchange, established in 2018, has rapidly grown into a key player in digital currency trading. Serving over 10 million customers across more than 170 countries, it provides a wide range of trading options including regular buying and selling, perpetual futures contracts, copy trading, and staking rewards.

You can trade more than 2,900 different crypto assets across 3,000+ trading pairs, making MEXC one of the most varied platforms for altcoin enthusiasts. The exchange is well-known for quickly adding new tokens to its listings, often being one of the first to offer trading for up-and-coming digital currencies. MEXC takes security seriously, using advanced wallet technology and regular safety checks to keep user funds protected.

The platform is easy to use for both newcomers and experienced traders alike. Holders of MX, the exchange’s own token, enjoy perks like lower trading costs and special access to new token sales. For those who prefer trading on their phones, MEXC offers mobile apps for both Android and iPhone users. With round-the-clock customer help and support for 18 different languages, MEXC continues to be the top exchange.

Fees and Availability
MEXC does not charge maker fees for the spot market. The taker fees are also only 0.05%. For futures trading, the fees are lower, starting at 0% for makers and 0.01% for takers. You can cut these fees in half if you pay with MX tokens. Here is the full MEXC fee structure with VIP privileges.

MEXC works in over 170 countries around the world, but you can’t use it in the United States, Canada, and a few other places. However, it is also a no-KYC crypto exchange, therefore you can still use it. But it’s against the terms and conditions.

Pros

  • 2,900+ tradable digital assets including many altcoins
  • Zero-fee cryptocurrency spot trading
  • 200x leverage trading for advanced traders
  • An easy-to-use platform for all skill levels
  • Solid security measures with no major breaches so far

Cons

  • Does not support direct fiat-to-bank withdrawals in most countries
  • Only supports 3 fiat currencies for P2P trading
  • No-KYC trading can be a security risk

According to CoinMarketCap, MEXC is among the top 10 crypto exchanges. It has a daily trading volume of over $3 billion, making it the best choice for new traders. In this MEXC review, we’ll cover everything from its extensive coin selection and low fees to its security measures and user interface. By the end of this review, you’ll have a clear view of what MEXC brings to the table and whether it is a good exchange for you.

MEXC Exchange Review: Quick Summary

Types Crypto trading platform
Year Founded 2018
Supported Countries 170+ (Australia, Japan, Philippines, Brazil, South Africa, Russia and more)
Supported Coins 2900+ assets and 2800+ trading pairs
Trading Tools Spot Trading, Perpetual Futures, Copy Trading, Demo Trading, P2P Trading, etc.
Payment Methods Bank transfer, Credit/Debit card, SEPA, Cryptocurrency, Third-party payment providers like MoonPay and Mercuryo.
Trading Fees
  • Spot: 0% maker and 0.05% taker
  • Futures: 0% maker and 0.02% taker
Earn Products Savings, Crypto loans, and Kickstarter
Security Measures 2FA, cold storage, PoR data, anti-phishing code, withdrawal address whitelisting, and more
Restricted Countries North Korea, Cuba, Sudan, Syria, Iran, Crimea, Mainland China, Indonesia, Singapore, Venezuela, the United States, the United Kingdom and Canada
Customer Service Live chat, support forum, support ticket system
Mobile App Android and iOS
MEXC_square_logo-removebg-preview

User Score

9.5

Promotion

8,000 USDT Sign-Up Bonus

-10% Trading Fees

What Is MEXC?

MEXC, formerly known as MXC Exchange, is a global crypto trading exchange that allows you to buy, sell, and trade digital assets. Founded in 2018, it has grown rapidly to serve over 10 million users in more than 170 countries and regions worldwide. Within a year, the exchange captured 5% of the global crypto exchange trading market. Their success continued in 2021 when they won “Best Crypto Exchange Asia” at the Dubai Crypto Expo. The company has not publicly disclosed its founders yet, but it has established itself as a major player in the cryptocurrency market.

MEXC exchange

MEXC is super fast! Their high performance trading engine, built by banking professionals, can handle 1.4 million transactions every second. This means smooth trading with no delays, even during busy times.

The exchange offers a wide range of services to its users. These include spot trading, futures trading, P2P trading, and copy trading. For those interested in a more diversified portfolio, MEXC features staking and earning services, a launchpad for new projects, and demo trading beginners. Developers can also leverage MEXC’s API to integrate data into their own applications.

MEXC is known for its zero trading fees events. These are time-based special events. Currently, it is offering 0% spot maker and 0% futures maker fees. The exchange is easy to use, even for beginners, thanks to its clear and simple interface. Security is also a top priority. They keep most user funds in offline storage (cold storage) and follow strict international security rules to keep your crypto safe.

Pros of MEXC

  • Futures makers can enjoy zero fees and takers as low as 0.02%, well below the industry average
  • Over 2900+ coins and tokens including many new altcoins available for trading
  • Earn passive income on crypto with yields up to 100% APY
  • Enjoy up to 200x leverage on certain perpetual contracts
  • IEOs on MEXC Launchpad have seen returns exceeding 500%.
  • MEXC offers exceptional liquidity for futures trading, meaning faster order execution and tighter spreads.

Cons of MEXC

  • It is best for crypto-to-crypto trading only and you can’t easily buy crypto with many local fiat currencies.
  • MEXC does not provide services or features in certain regions including the United States, the United Kingdom and Canada.
  • No Web3 features like DeFi services and NFT marketplace

Trading Features of MEXC Exchange

Spot Trading

MEXC offers a spot trading platform where you can buy and sell a wide variety of cryptocurrencies instantly. They have a ton of choices, with over 2900 different digital currencies and even more ways to trade them (over 2800 trading pairs).

The exchange supports different types of trading pairs. This includes stablecoin-to-crypto pairs and crypto-to-crypto pairs. For example, you can trade BTC/USDT, BTC/USDC, BTC/ETH, and BTC/TUSD.

When it comes to buying and selling these cryptocurrencies, MEXC provides you with a variety of order types to suit your trading strategies. Here are a few of the most common ones:

  • Limit Order: This lets you specify the target price you want to buy or sell a cryptocurrency at. Your order will only be executed if the market price reaches your chosen price point.
  • Market Order: This is the simplest way to buy or sell. You simply tell MEXC how much of a cryptocurrency you want to buy or sell, and the platform executes your order at the best available market price at that moment.
  • Stop-Limit Order: This combines elements of both limit and stop-loss orders. You set a “stop price” that triggers the order to become a limit order if the market price reaches that point. This is useful for managing risk. For instance, you might have some Ethereum (ETH) and want to sell it automatically if the price drops below a certain level. With a stop-limit order, you set your stop price and a limit price to ensure you don’t sell for too high.
  • One Cancels the Other (OCO): This is a more advanced option for experienced traders. You set two orders at the same time, a “stop-loss” order to sell if the price goes down too much, and a “take-profit” order to sell if the price goes up to a certain point. Whichever order gets filled first, the other one gets canceled automatically.

MEXC also has a bunch of technical indicators to help you decide what to buy and sell. These include popular tools like K-lines, moving averages, and MACD. These tools help you see trends in prices.

The exchange even integrates with TradingView, an advanced charting platform used by many experts. This lets you use even more advanced tools to analyze the market in more detail.

Spot Trading

Perpetual Futures Trading

MEXC has a platform for trading futures contracts . It’s different from buying and selling crypto right now. In futures trading, you agree to buy or sell a certain amount of cryptocurrency at a fixed price on a specific date in the future.

The MEXC exchange offers more than 300 futures contracts. These contracts come with leverage of up to 200x, which means you can control a much larger position than your initial investment.

There are two main types of futures contracts on MEXC: USDT-Margined Perpetual Futures and Coin-Margined Perpetual Futures.

  • USDT-Margined Perpetual Futures are settled in Tether (USDT), which is tied to the US dollar. When the contract ends, you get or pay USDT based on the price.
  • Coin-Margined Perpetual Futures are settled in the actual cryptocurrency. So, if you have a long position on a Bitcoin contract, you get BTC when you close the position.

Remember, instead of traditional futures, MEXC offers perpetual contracts, which do not have expiration dates.

MEXC goes beyond the basic order types available in the spot market and offers advanced order types to give you more control over your trades.

  • Trailing stop orders: These automatically follow the price of a crypto. If the price goes up, your order increases too, locking in those gains. But if it goes down, the order triggers a sell to limit your losses.
  • Trigger orders: With these orders, you tell MEXC exactly what price to watch for, and your buy or sell order only activates when that price is reached.
  • Post-only orders: You put in an order to buy or sell at a certain price, but it only goes through if there’s someone else willing to trade at that price. It’s a way to add liquidity to the market without getting stuck with a trade you didn’t quite want. This means it reduces the risk of price slippage while buying.

MEXC platform lets you choose between two margin modes for your futures trades. Isolated margin mode uses only a certain amount of your wallet balance for each position. This means gains or losses from one position don’t affect your others. Cross-margin mode uses your whole portfolio wallet balance for all your positions. This can be more efficient, but it also has a bigger risk of losing everything if the market goes against you.

MEXC Offers Futures Trading up to 200x Leverage

MEXC Futures M-Day

Futures-M Day is a MEXC event that encourages users to participate in futures trading with reduced fees and a chance to win bonus rewards. Here’s what makes Futures-M Day exciting:

  • Lower trading fees: MEXC reduces the taker fee, which is a fee charged for taking liquidity from the order book, to a mere 0.02%.
  • Lucky draw chance: By trading more USDT-M futures contracts, you get more entries into a lucky draw. This draw offers prizes like futures bonuses, which can be used as an additional margin for your trades. Basically, you get more money to trade with and any profits you make are yours to keep.
  • Extra prize pool: As a thank you to users, MEXC throws in an extra pool of prizes on top of the regular lucky draw. Currently, it is offering a 74,200 USDT prize pool.

MEXC Futures M-Day

Demo Trading

MEXC platform offers a “Demo Trading” feature specifically designed for new or inexperienced futures traders. It allows you to try out different trading strategies and get familiar with the MEXC platform without risking any of your own money.

Here’s how it works: MEXC provides you with a virtual starting balance of up to 50,000 USDT (Tether) in their simulated trading environment. This lets you experiment with buying and selling crypto futures contracts just like you would in the real market.

The key difference is that these are simulated funds, so any wins or losses you experience won’t affect your actual wallet.

The Demo Trading platform mimics the look and feel of the real MEXC futures market. You’ll see live market data, charts, and order types, allowing you to practice placing buy and sell orders.

MEXC_square_logo-removebg-preview

User Score

9.5

Promotion

8,000 USDT Sign-Up Bonus

-10% Trading Fees

Copy Trading

MEXC is also a popular crypto copy trading platform. This sounds complicated, but it’s a way for you to make money by following the trades of experienced traders.

There are two sides to MEXC copy trading. You can be a “follower” who copies other traders, or you can be a “lead trader” whose trades are copied by others.

To be a follower, you simply pick a lead trader you like based on their performance and history. MEXC lets you see things like their 7-day ROI (Return on Investment), 7-day PNL (Profit and Loss), 7-day Win Rate, Total ROI, Total PNL, and Total Win Rate. This information helps you decide who to follow.

Once you pick a trader to follow, you allocate some of your digital assets like USDT to them. Whenever the trader makes a trade, MEXC automatically copies that trade for you using your allocated funds. However, there is a commission. You need to pay up to 15% of your profits to your lead traders, plus regular trading fees.

Copy Trading

Quick Buy/Sell (MEXC Express)

MEXC Express offers a fast and convenient way for users to buy cryptocurrency using familiar payment methods like SEPA, credit and debit cards, and third-party payment providers like MoonPay, Mercuryo, Simplex, and more.

Remember, MEXC acts as a marketplace connecting you with these third-party providers. They handle the actual buying process. So, they have different fees and minimum and maximum buying limits depending on your country.

P2P Trading

MEXC offers a P2P trading service where you can directly buy and sell cryptocurrency with other users, using your local currency. This means you’re trading directly with another person, instead of the exchange itself. So, there are zero fees.

The exchange currently allows trading with 3 fiat currencies: Vietnamese Dong (VND), Russian Ruble (RUB), and South Korean Won (KRW). There are more than 30 different payment methods supported. This gives you flexibility to choose a payment method that’s convenient for you, like bank transfers or e-wallets.

Currently, MEXC supports only 4 cryptocurrencies on its P2P marketplace: USDT, USDC, BTC, and ETH. For added security, IT uses a system called “Escrow”. This means that when you place a P2P order, your crypto is held by MEXC until you confirm that you’ve received the payment from the other user. Once you confirm, the crypto is released to the buyer. This escrow system helps to protect both buyers and sellers from fraud.

P2P Trading

MEXC Staking & Earn Services

MEXC Savings and Loans

The platform provides you with options for fixed and flexible staking, as well as crypto loans. You can lend out your cryptocurrency holdings and earn interest on them. This is similar to putting money in a savings account.

  • Flexible staking allows you to earn rewards while maintaining the flexibility to withdraw your funds at any time.
  • With fixed staking, you commit your funds for a specific period in exchange for higher rewards, but you can’t access them until the staking period ends. It offers 30-day, 60-day, and 120-day fixed staking options.

You can earn up to 50% APR on some tokens. Currently, it is offering 1.8% on BTC, 4.8% on ETH, and 8.8% APR on USDT.

There’s also a crypto loan option. Here, you can borrow cryptocurrency from MEXC using your existing crypto holdings as collateral. If you can’t repay the loan, MEXC might take your collateral.

MEXC calculates the interest every day based on the actual length of your loan. Even borrowing for less than a day counts as a full 1-day for interest.

One important thing to note is that you can’t repay your loan partially. You can only make a full repayment, and you have to wait at least 30 days after borrowing before you can do that. This might be a drawback compared to other exchanges like OKX and Bitget.

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Kickstarter and Launchpad

Launchpad is a launching pad for promising crypto startups. MEXC carefully selects these projects after a thorough review process. This means you can be reasonably confident that the projects on Launchpad are not scams and have strong potential for growth. Launchpad helps these new projects gain recognition and funding, while you get the opportunity to be among the first investors.

Kickstarter is a bit different. Here, you need to hold MX tokens to receive new project airdrops. The platform also offers up to a 100% APR on MX holdings. You need to hold at least 1,000 MX tokens for a 30-day duration.

MEXC Mastercard

MEXC Mastercard is a prepaid card issued by MEXC. This card allows you to spend your cryptocurrency holdings for everyday purchases just like a regular debit card.

There are some things to keep in mind when using the MEXC Mastercard:

  • There is a small fee of 1% every time you add money (top-up) to your card from your MEXC account.
  • A single purchase cannot be more than 3,000 USDT, and you cannot spend more than 30,000 USDT in a month. The total amount you can keep loaded on the card at any given time is also capped at 100,000 USDT.
  • Transaction fees depend on where you use the card. There are no fees if you use it within the European Economic Area (EEA), which includes most European countries. However, if you use it outside the EEA, there is a 2% fee, with a minimum charge of 0.60 EUR per transaction.
MEXC_square_logo-removebg-preview

User Score

9.5

Promotion

8,000 USDT Sign-Up Bonus

-10% Trading Fees

MEXC Referral & Affiliate Program

MEXC offers a referral program and an affiliate program to earn rewards by inviting others to the platform. The Referral Program is a great way to get started. There’s no application process involved, so anyone with a MEXC account can participate. All you need to do is share your unique referral link with your friends.

The exact amount of commission you receive depends on how many MX Tokens you hold in your account. If you don’t hold any MX Tokens, you’ll still earn a respectable 30% commission. Holding between 5,000 and 20,000 MX Tokens increases your commission from 30% to 70%. The best part is that you’ll continue to earn commissions on your referrals’ trading activity for a whopping 1080 days (3 years) from the date they signed up.

The MEXC Affiliate Program is designed for individuals who have a larger audience, such as bloggers, social media influencers, or website owners. To become an affiliate, you’ll need to submit a formal application through the MEXC Affiliate Portal.

Once MEXC reviews your application and approves it, you’ll gain access to a unique referral link and a range of exclusive benefits. Compared to the Referral Program, affiliates can earn significantly higher commission rates, potentially starting to 50%.

MEXC Referral & Affiliate Program

MEXC API

MEXC offers a powerful API (Application Programming Interface) for users who want to automate their crypto trading strategies. This essentially allows external applications to interact with your MEXC account, enabling functions like placing orders, managing holdings, and accessing market data. If you are looking to use trading bots like 3Commas and Cryptohopper, API is required.

MEXC API is well-documented, with a comprehensive guide available on their website. The guide details each API endpoint (specific function) along with parameters and response formats. This makes it easier for developers to understand and integrate the API into their apps.

MEXC Fees & Trading Costs

MEXC offers competitive trading fees for both spot and futures trading, making it an attractive option for many traders. Let’s break down the different types of fees you’ll encounter on MEXC.

Trading Fees

MEXC has a two-tier fee structure for both spot and futures trading, depending on whether your order adds liquidity (maker) or removes liquidity (taker) from the market.

  • Spot Trading Fees: MEXC is the lowest fees crypto exchange in the industry. In fact, there are currently 0% fees for makers and 0.05% for takers on all spot trading pairs. This is a promotional offer that may change in the future. Generally, it has a 0.05% maker/taker fee structure.
  • Futures Trading Fees: Makers enjoy a 0% maker fee, whereas takers incur a 0.02% taker fee.

For more discounts on trading fees depending on your trading volume, you can check their VIP rates.

Deposit and Withdrawal Fees

MEXC typically does not charge any fees for depositing cryptocurrencies. But, there might be additional network fees depending on the specific cryptocurrency you’re depositing. These fees are not charged by MEXC but by the technology behind the cryptocurrency itself (blockchain). The cost of these fees can vary depending on how busy the blockchain network is.

Withdrawal fees also depend on the chosen cryptocurrency. MEXC offers a clear fee structure, and you can easily find the exact withdrawal fee for each cryptocurrency directly on the withdrawal page.

Here is the general overview of MEXC withdrawal fees:

Coin Network Fees
USDT TRC-20 1 USDT
Ethereum ERC-20 0.001 ETH
Bitcoin BTC 0.00015 BTC
Polkadot Polkadot 0.1 DOT

What are the minimum deposit and withdrawal limits?

MEXC has limits in place for both fiat transactions and crypto withdrawals.

  • Fiat SEPA Sell Limit: You can sell up to 1,000 EUR worth of cryptocurrency per transaction per day using SEPA, a European payment system.
  • Credit/Debit Card Deposit Limits: You can deposit a maximum of 1,250 USD, 2,000 EUR, or 1,750 GBP in a single transaction using your credit or debit card.
  • Crypto Limits: MEXC lets you withdraw varying amounts depending on your account verification level. With a basic verification (Primary KYC), you can withdraw up to 80 Bitcoin (BTC). If your account is fully verified (Advanced KYC), the limit goes up to 200 BTC. And for institutional accounts, the maximum withdrawal limit is even higher, at 400 BTC.

How Many Cryptocurrencies Does MEXC Support?

MEXC Global supports a staggering number of cryptocurrencies, boasting over 2900 coins and 2800 trading pairs. This includes all the popular high market-cap coins you’d expect, like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

The platform also caters to those interested in exploring new coins by providing access to a wide range of low-cap coins. But that’s not all. They go beyond established categories, offering tokens in various niche sectors including Artificial Intelligence (AI), Real World Assets (RWAs), Decentralized Finance (DeFi), and the Metaverse.

Here are just a few examples of the niche tokens you can find on MEXC:

  • OCEAN
  • Chainlink (LINK)
  • Aave (AAVE)
  • Decentraland (MANA)
  • The Sandbox (SAND)
  • Filecoin (FIL)
  • Cosmos (ATOM)
  • Algorand (ALGO)
  • XRP
  • Polkadot (DOT)

MEXC Security & Regulations

MEXC has implemented a variety of security features:

  • Two-Factor Authentication (2FA): To add an extra layer of security, MEXC offers 2FA. This requires a second verification code when logging in, in addition to your password. You can choose between email verification and the Google Authenticator app.
  • Cold Storage: It keeps most of its users’ cryptocurrency in offline storage. These wallets are not connected to the internet, making them highly resistant to hacking attempts. Only a small portion of funds is kept online for day-to-day operations.
  • Encryption: MEXC uses two types of encryption: SSL (Secure Sockets Layer) and AES-256 (Advanced Encryption Standard). These industry-standard protocols ensure secure communication between your device and MEXC’s servers.
  • Phishing Protection: The exchange offers an anti-phishing code feature. You can set a unique code that will be included in legitimate emails from MEXC. This allows you to verify if an email claiming to be from MEXC is real or a phishing attempt.
  • Withdrawal Whitelisting: It allows you to restrict withdrawals to only pre-approved addresses. With this enabled, any address you try to withdraw to for the first time will be blocked until you manually add it to the whitelist, giving you extra protection against unauthorized withdrawals.
  • Penetration testing: MEXC regularly goes through tests that try to find weaknesses in their system, like how hackers might try to attack.
  • Bug bounty program: They offer rewards to anyone who can find and report bugs in their system, which helps them fix vulnerabilities before they can be exploited.

Note: MEXC does not hold a license in any jurisdiction. MEXC’s Estonian financial license is no longer valid. While it previously operated with this license, it has since been revoked by Estonian authorities over money laundering charges.

Customer Support

MEXC’s Help Center serves as your first line of defense. Accessible 24/7, the support team offers a wealth of information and step-by-step guides on a wide range of topics. From downloading and setting up the exchange to understanding different trading options and managing your account security, the Help Center equips you with all the knowledge.

For quick and straightforward inquiries, MEXC offers a convenient chatbot. This AI-powered assistant can answer your basic questions and provide instant solutions to common issues.

If the chatbot doesn’t have the answer you’re looking for, or you prefer speaking to a real person, MEXC also offers live chat support. While wait times may vary, it allows you to connect directly with a representative who can address your concerns and provide personalized assistance. Plus, you can also submit a support request and contact them through Telegram.

However, MEXC has mixed customer reviews with only a 1.3/5 rating on Trustpilot. It also has an average rating of 3.7/5 on both the Google Play Store and the App Store.

MEXC Mobile App

The MEXC app allows you to buy, sell, and trade cryptocurrencies conveniently from your smartphone. It is available for both Android and iOS devices.

Designed with user-friendliness in mind, the app has a clear and intuitive interface that caters to both beginners and experienced traders. It has all the features of the desktop version like trading, depositing and withdrawing funds, staking, and more. You can also set up price alerts and receive push notifications.

MEXC Mobile App

Alternatives to MEXC

OKX and Binance are the two best alternatives to the MEXC exchange. MEXC is known for trading altcoins without needing to do KYC, OKX is good for DeFi and Web3 stuff, and Binance has high volume and liquidity.

Supported coins differ among the platforms, with MEXC supporting over 2300 coins, while OKX and Binance have very low numbers, 327 and 381 respectively. When it comes to leverage, MEXC offers up to 200x, OKX offers up to 100x, and Binance offers up to 125x. Also, only OKX and Binance offer margin and options trading, with MEXC not providing these services.

Here is the full comparison:

Features MEXC OKX Binance
Founded 2018 2017 2017
Best for No-KYC altcoin trading DeFi and Web3 ecosystem High volume and liquidity
Solvent (PoR)
Maximum Leverage 200x 100x 125x
Web3 Ecosystem
Margin Trading
Options Trading
Supported coins 2900+ 327+ 381+
Trading fees 0% maker and 0.05% taker 0.08% maker and 0.1% taker 0.1% maker/taker
US presence Limited (OKCoin operates) Separate platform Binance US available
Native token MX OKB BNB
MEXC_square_logo-removebg-preview

User Score

9.5

Promotion

8,000 USDT Sign-Up Bonus

-10% Trading Fees

How Do I Get Started With MEXC?

Step 1: Create an MEXC Account

First things first, you’ll need a MEXC account. Head over to the MEXC website and click on “Sign Up” in the top right corner. The signup process is quick and straightforward. Choose your preferred method of registration – email or mobile number.  Create a strong password and remember to keep it safe. Now agree to the terms and conditions and click “Create an Account”.

Step 1: Create an MEXC Account

Step 2: Verify Your Identity (KYC)

MEXC, like many cryptocurrency exchanges, requires Know Your Customer (KYC) verification. This helps prevent fraud and ensures a safe trading environment for everyone. The KYC process typically involves submitting government-issued identification documents and a selfie.

Go to your profile section and choose “Verification”. Now, you have two options: Primary KYC or Advanced KYC. Click whichever suits your needs. Verification may take up to 24 hours.

Step 2: Verify Your Identity (KYC)

Step 3: Deposit Fiat Currency or Crypto

With your account set up and verified, it’s time to fund it. MEXC offers various deposit methods depending on your region. You can find a detailed list of supported deposit methods under the “Buy Crypto” section on the MEXC website. Some common options include bank transfers, credit/debit card purchases (where available), and peer-to-peer (P2P) trading.

If you already own cryptocurrency on another exchange or wallet, you can transfer it to your MEXC account. Here’s how:

  • Go to the “Wallet” section on your MEXC exchange.
  • Click “Deposit” and select the specific crypto asset you want to transfer.
  • The MEXC crypto exchange will generate a unique deposit address for that particular cryptocurrency. This address acts like your bank account number but for crypto.
  • Now, Copy the deposit address carefully.
  • Go to your other exchange or wallet where your cryptocurrency currently resides and find the withdrawal section for that specific cryptocurrency.
  • Paste the deposit address you copied from MEXC into the withdrawal address field on your other platform.
  • Double-check the address for accuracy before initiating the transfer. The network must be the same on both platforms.
  • Once confirmed, the cryptocurrency will be transferred from your other platform to your MEXC account. The transaction might take a few minutes to complete, depending on the blockchain network.

Step 3: Deposit Fiat Currency or Crypto

Step 4: Start Trading Crypto

Now that your MEXC account is primed and ready, it is time to buy crypto. On the MEXC website, navigate to the “Markets” section. Within the trading interface, you’ll see a list of tradable cryptocurrencies. These are typically displayed in pairs, like BTC/USDT (Bitcoin/Tether). The first currency listed (e.g., BTC) represents what you’re buying, and the second currency (e.g., USDT) represents what you’re paying with.

Once you’ve chosen your crypto pair, Click on “Trade”. Once you’ve selected your order type (Market or Limit), enter the amount of cryptocurrency you want to buy. Double-check all the details of your order (price, amount) before confirming the transaction.

Step 4: Start Trading Crypto

Conclusion: Is MEXC Right for You?

Our MEXC review highlights that the exchange is a compelling option for cryptocurrency traders, particularly those looking to invest in new altcoins and low-fee trading. Its massive library of tradable assets, including over 3,000 altcoins and 300 futures contracts, caters to a diverse range of trading interests.

However, MEXC exchange isn’t without limitations. While KYC verification is optional, it restricts withdrawal limits for unverified accounts. Additionally, the lack of fiat on-ramping options can be a barrier for beginners. It also does not offer features like a dedicated margin trading portal and crypto options trading.

MEXC_square_logo-removebg-preview

User Score

9.5

Promotion

8,000 USDT Sign-Up Bonus

-10% Trading Fees

MEXC Review: FAQs

Is MEXC safe to use?

Yes, MEXC seems to be a fairly secure platform overall. The exchange has received an AA rating on security from an independent assessor, with a score of over 86%. This indicates a good level of protection for your funds. They also employ various security measures like cold storage, 2FA, transparent PoR data, and more.

Does MEXC offer fiat-to-crypto trading?

MEXC does not directly support fiat-to-crypto trading. It only supports crypto-to-crypto trading. You will only find stablecoins pairs and BTC and ETH pairs, like BTC/USDT, ETH/USDT, and more.

Does MEXC require KYC verification?

MEXC uses a tiered system for KYC verification. While KYC isn’t mandatory to start using the exchange, it unlocks more features and increases your withdrawal limits. For unverified users, you can still buy, sell, and trade crypto, but you’ll have a 10 BTC daily withdrawal limit. You can also complete Primary and Advanced KYC verifications with increased withdrawal limits of 80 BTC and 200 BTC respectively.

Is MEXC available in the US?

MEXC global exchange is not currently available to residents of the United States. It is not registered with any US financial regulators due to regulatory restrictions. If you are based in the US, you can still use MEXC as a source of market information, but won’t be able to use its full trading services. You can also consider alternative cryptocurrency exchanges that are legally compliant and available to US traders, such as Kraken.

Can I withdraw from MEXC to my bank account?

MEXC does not currently support direct withdrawals to your bank account. This means you cannot transfer your crypto holdings directly into your fiat bank account. You can either transfer your cryptocurrency from MEXC to another exchange that supports fiat withdrawals like Coinbase. Or, You can use the MEXC P2P platform to sell your cryptocurrency to other users who are willing to pay with fiat currency.

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OKX Review 2025: Fees, Features, Security, Pros & Cons https://nftevening.com/okx-review/?utm_source=rss&utm_medium=rss&utm_campaign=okx-review Thu, 25 Apr 2024 03:32:10 +0000 https://nftevening.com/?p=137133 According to CoinMarketCap data, OKX ranks fourth among the best crypto exchanges in terms of trading volume and liquidity. Therefore, if you are looking for a crypto trading platform that

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According to CoinMarketCap data, OKX ranks fourth among the best crypto exchanges in terms of trading volume and liquidity. Therefore, if you are looking for a crypto trading platform that offers futures and spot trading with good liquidity, it might be your choice. Our OKX review will cover its pros and cons, security measures, fees, customer support service, and whether it suits your needs.

OKX Review 2024: Trading Features, Fees, and Security

User Score

10

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OKX Review: Quick Summary

Types Crypto trading platform
Headquarters Globally (offices in UAE, Hong Kong, Singapore, Silicon Valley, and the Bahamas)
Year Founded 2017
Founder Star Xu
Supported Countries 100+ (including Australia, Hong Kong, UAE, Brazil, Singapore, Netherlands, South Africa)
Number of Supported Cryptocurrencies 327 crypto tokens and 533 trading pairs
Types of Trading Spot Trading, Margin Trading, Futures, Options, Copy Trading, P2P Trading, etc.
Fiat Currencies Supported USD, EUR, GBP, etc.
Payment Options Bank transfer, credit/debit card, cryptocurrency, third-party payment providers like Apple Pay
Trading Fees
  • Spot: 0.08% maker and 0.1% taker
  • Futures: 0.02% maker and 0.05% taker
  • Options: 0.02% maker and 0.03% taker
Staking Options Fixed/flexible staking, on-chain DeFi staking, structured products like dual investment and snowball
NFT Marketplace Available for 10+ blockchains
Security Measures 2FA, cold storage, insurance funds, PoR data, anti-phishing code, address whitelisting, and more
Customer Support Channels Live chat, email, support ticket system
Mobile App Android and iOS
OKX Review 2024: Trading Features, Fees, and Security

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What is OKX?

OKX, formerly OKEx exchange, is a global crypto trading platform known for its high-trading volume, deep liquidity, and ease of use.  Founded in 2017 by Star Xu, the company was initially known as OKEx, but rebranded to OKX in 2022. It maintain a global presence in over 100 countries with offices in major hubs like the United Arab Emirates (UAE), Hong Kong, Singapore, Silicon Valley, and the Bahamas. OKX exchange services are offered by its Seychelles-incorporated and Bahamas-registered entities.

What is OKX?

The crypto exchange has an impressive selection of over 327 supported digital assets and 533 trading pairs, with popular options like Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Tether (USDT), and many more. You can easily buy and sell these digital assets with over 100+ fiat currencies and 900+ local payment methods supported worldwide.

For experienced and high volume traders, you can employ advanced strategies using OKX’s derivatives offerings. These include traditional futures, perpetual contracts, and options contracts. It also provides ways to earn passive income on your crypto holdings. This includes staking, savings products, and other yield-generating opportunities like crypto loans.

About OKX’s Web3 portal, it has an integrated OKX wallet, a non-custodial multi-chain wallet that supports 70+ blockchain networks. It also connects to over 400 decentralized applications (DApps) and NFT marketplaces to explore the Web3 ecosystem.

Pros of OKX Exchange

1. High-security measures

The app employs mandatory KYC (Know Your Customer) security measures, which help to verify user identities and protect against fraud. This process ensures that all users are legitimate, enhancing the safety of funds and personal information.

2. Different account modes

OKX offers Lite, Web3, and Pro modes, allowing you to customize your experience. The Lite mode is designed for beginners, with basic buy/sell features. The Pro mode is for advanced traders who require more detailed charts and data to make informed decisions. Lastly, the Web3 mode provides access to decentralized finance (DeFi) and non-fungible tokens (NFTs).

3. Web3 Wallet

The wallet is a useful tool for those interested in DeFi. It helps to participate in decentralized exchanges, lending, and borrowing without leaving the platform. The OKX Web3 wallet also supports NFTs, making it an all-in-one solution for users who want to manage both cryptocurrencies and NFTs in one place.

4. Advanced Trading Features

It offers advanced trading options that make the platform stand out from competitors. These include margin and options trading, as well as futures contracts. Plus, OKX offers detailed charting tools and real-time data, allowing you to analyze the market in depth before making decisions.

5. Buying Crypto with a Card

By allowing you to link your credit or debit cards, OKX eliminates much of the hassle associated with crypto purchases, which can be intimidating for first-time buyers.

6. Low trading Fees

OKX is known for its low fees (0.08% maker and 0.01% taker), which is a major draw for traders looking to minimize costs. The platform offers some of the most competitive trading fees in the industry, particularly for high-volume traders.

7. Wide Range of Cryptocurrencies Supported

It supports 327 crypto tokens and 533 trading pairs, allowing you to trade a variety of digital assets, from popular ones like Bitcoin and Ethereum to lesser-known altcoins. This broad selection ensures that you have plenty of options to diversify your portfolios and explore new investment opportunities.

Cons of OKX Exchange

1. Limited access in certain regions

OKX exchange services are restricted for users in several countries, including the United States, the United Kingdom, Canada, Malaysia, Singapore, Japan, India, and Cuba. In the United States, particularly, OKX is fully prohibited due to regulatory restrictions, which means that US-based traders are unable to access its trading features. However, the crypto exchange offers Web3 services for US users and a separate platform known as “OKCoin” with limited trading options.

2. Customer Support Issues

While OKX offers a robust platform, one area where it falls short is customer support. Many users have reported issues with getting timely responses from the support team, particularly when dealing with urgent matters such as account issues or fund recovery. Although OKX provides a help center with FAQs and guides, users often need direct assistance for more complex problems. Unfortunately, the slow and sometimes unhelpful customer service can be a source of frustration for many, especially when dealing with significant sums of money.

3. Advanced features can be overwhelming

The OKX app prides itself on having a user-friendly design, especially with its lite, web3, and pro modes that cater to different user needs. However, some users, particularly beginners, may still find certain trading areas confusing. The advanced features, while beneficial to experienced traders, can overwhelm new users.

OKX Trading Review: Key Features

Spot Trading

Spot trading is the most straightforward way to buy and sell cryptocurrencies. OKX supports over 327 cryptocurrencies paired against popular currencies like USDT (a stablecoin pegged to the US Dollar), USDC, or even other cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH). It also offers charting tools, technical indicators, and various order types to further simply your cryptocurrency trading process.

Here are some of the popular spot market order types on the OKX crypto exchange:

  • Limit: A limit order allows you to buy or sell a cryptocurrency at an exact price you set. The order will be executed only when the market price reaches your target price. This gives you greater control over your entry or exit points.
  • TP/SL (Take Profit / Stop Loss): It helps manage your risk. You set a take-profit price (where you’d like to lock in gains) and a stop-loss price (to limit losses). Once either price target is hit, a corresponding market or limit order automatically triggers.
  • Trailing Stop: This is a dynamic type of stop-loss order. Instead of a fixed price, you set a trailing amount (in percentage or currency). As the price of your asset increases, your trailing stop-loss follows along.
  • Trigger: This order waits for a certain price or condition you set before placing a buy or sell order (which could be a limit or market order).
  • Iceberg: An iceberg order breaks a large order into many smaller ones, displaying only a portion of your full order in the order book. This helps minimize price slippage when trading large amounts.
  • TWAP (Time-Weighted Average Price): It splits a large order into smaller chunks executed over a specified time. This aims to achieve a price closer to the average price over that period.

OKX Spot Trading

Futures Trading

OKX offers a robust futures trading platform featuring 228+ cryptocurrencies. You’ll find support for up to 100x leverage on popular assets like BTC and ETH, while other coins like MATIC, ADA, XRP, DOT, and SOL have a maximum leverage of 50x.

The platform offers two main types of futures trading: Traditional Futures and Perpetual Futures

  • Traditional futures have a predetermined expiration date after which the contract must be settled. In this case, prices may deviate more significantly from the underlying asset’s spot price as the expiration date approaches.
  • Perpetual contracts do not have an expiry. This offers more flexibility for traders to hold their positions for an indefinite amount of time.

OKX cryptocurrency exchange also provides both cross and isolated margin modes. Cross mode utilizes your entire available margin balance across all positions. Isolated mode limits the margin used for each specific position. It helps in reducing risk by restricting losses in one trade from affecting other open positions.

Similar to the spot market, the OKX futures portal is equipped with an array of tools and order types to suit different trading strategies. These include market orders, limit orders, stop-limit orders, and advanced order types like trailing stops.

OKX offers four different types of futures trading modes: Margin free, Single-currency margin, Multi-currency margin, and Portfolio Margin.

OKX Futures Trading

Margin Trading

This trading option allows you to borrow funds from OKX to increase your buying power. The OKX margin trading currently offers up to 10x leverage on popular assets like BTC, ETH, OKB, MATIC, SOL, and DOGE. Other assets support only up to 5x leverage.

To initiate a margin trade, you first need to have some of your own funds as collateral. This acts as security for the loan you’ll be taking from the platform.

There’s also a crucial concept called “maintenance margin.” This is the minimum amount of collateral you must keep in your account to keep your position open. If the market moves against you and your collateral falls below the maintenance margin, your position will be liquidated. That means your assets are sold to repay the loan.

OKX Review 2024: Trading Features, Fees, and Security

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Options Trading

Options contracts are slightly more complex than spot trading. With options, you have the flexibility to buy (call option) or sell (put option) the underlying cryptocurrency at a set price (strike price) on or before a specified date (expiry date).  Importantly, you have the choice, but not the obligation, to do so.

OKX options are European-style, meaning you can only exercise them at expiry, not before. Unlike some platforms with stablecoin-settled options, OKX settles its options contracts in the underlying cryptocurrency (e.g., BTC or ETH).

OKX Options Trading

Copy Trading

Copy trading lets you automatically mimic the trades performed by another trader, referred to as a “master trader.” On OKX cryptocurrency exchange, you choose a master trader based on factors like their past performance (PnL), trading strategy, and risk tolerance. When they open or close positions in the spot market, your account does the same trades. OKX copy trading is available for both spot and futures markets.

OKX provides a list of master traders with detailed performance histories, win rates, AUM, number of followers, PnL%, and more. Instead of copying master traders exactly, you can also set your own investment parameters. It offers flexible options to set either a fixed amount per trade or a maximum total investment amount.

OKX Copy Trading

P2P Trading

P2P, or peer-to-peer trading, is a way to buy and sell cryptocurrencies directly with other users. Here, OKX acts as a middleman. To protect P2P users, the platform uses a secure escrow system. This means that when you initiate a trade, the cryptocurrency involved is temporarily frozen by OKX until both the buyer and seller have confirmed the successful completion of the transaction. On OKX P2P, you don’t pay any fees to the platform for your trades.

The cryptocurrency exchange currently supports 4 cryptocurrency assets (USDT, USDC, BTC, and ETH) on its P2P market. OKX also supports fiat deposits and withdrawals in more than 100 currencies and 900+ payment methods, covering your local e-wallets, bank account transfers, credit/debit cards, and direct cash transactions.

Trading Bots and API

These OKX bots can create professional trading strategies, all automated. You can either use an existing bot or create your own trading bots with different strategies.

OKX offers 5 different types of trading bots: grid bots (spot, futures, and infinity grid), signal trading, arbitrage, DCA, and slicing bots.

  1. Grid Bots (Spot, Futures, Infinity Grid): These bots work like a ladder of buy and sell orders. They aim to make small profits within a price range, buying when prices dip and selling when they go up.
  2. Signal Trading Bots: They work based on third-party signals. You can either integrate TradingView or create your own trading signals. There is also a signal marketplace on the platform.
  3. Arbitrage Bots: They look for tiny price differences across different markets (like spot vs. futures) and try to make quick profits from those gaps.
  4. DCA (Dollar-Cost Averaging) Bots: These bots are all about steady investing. They buy a set amount of your chosen cryptocurrency at regular times. This helps smooth out the impact of price swings. It also consists of “Recurring Buys”.
  5. Slicing Bots: The slicing bots are best for big trades or orders like Iceberg or TWAP (as discussed above). They break down a large order into smaller pieces and execute them over time to help get a better overall average buying price.

Also, if you want to build your own trading bots, OKX has a powerful API that makes it easy to connect with trading systems and third-party tools. With the OKX API, you can:

  • Automate your trades using custom bots.
  • Get real-time market data, including price updates and order book details.
  • Manage your account, place orders, and run trading strategies automatically.
  • Use WebSocket and RESTful API for fast, high-frequency trading.

The API has both public and private endpoints, so you can safely access market data and make secure transactions. OKX also provides API key management and security features, keeping your account protected whether you’re a retail or institutional trader.

OKX Trading Bots

Liquid Marketplace

The OKX Liquid Marketplace is designed specifically for institutional traders and large-volume cryptocurrency traders. It functions as an over-the-counter (OTC) platform. This means trades are negotiated and settled directly between the two parties involved. This approach offers privacy, customization, and better pricing compared to traditional open-order-book exchanges.

Request-for-quote (RFQ) is another powerful tool within the OKX Liquid Marketplace. It’s essentially a way to source the best prices for your desired trade. An RFQ is your way of saying: “Hey, I’m interested in buying or selling this specific amount of a cryptocurrency, what’s your best offer?”

The RFQ is sent to multiple market makers (basically, professional liquidity providers) who compete to provide the most competitive price. This process can help you find significantly better deals than you might get on a standard exchange.

OKX Review 2024: Trading Features, Fees, and Security

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OKX Earn Services

Staking

OKX offers a variety of ways to earn passive income on your cryptocurrency holdings through staking. Simple Earn is the easiest way to start. It offers two categories:

  • Flexible (Savings): This option allows you to deposit your crypto and earn interest with maximum flexibility. You can withdraw your funds anytime. Flexible options typically offer lower interest rates compared to fixed-term staking.
  • Fixed (Staking): Here, you lock your crypto for a set period for potentially higher yields. During this time, your assets actively participate in securing the blockchain network, therefore earning a bigger reward. Interest rates on fixed staking depend on the specific cryptocurrency and the chosen lock-up time. For a rough idea, you can earn up to 100% APY on certain coins and even more.

Now, you have another option withOKX Structured Products. These products often combine staking with market predictions or strategies.

  • Dual Investment: You predict if the price of a cryptocurrency will go up or down by a certain date. If your prediction is correct, you earn a high return. In this case, you deposit a single asset but get paid in a different one.
  • Seagull: It is designed when you think the market will move much in one direction. With this product, you choose between Bullish BTC or Bearish BTC. You can potentially make bigger profits if the price of the crypto moves significantly as you expected.
  • Snowball: This automatically reinvests your earnings back into the staking pool, essentially compounding your returns.

On-chain earning is another way to earn passive money on OKX. This option allows for direct on-chain staking, where you contribute to validating transactions on proof-of-stake blockchains. You can explore options like “ETH staking”.

OKX Staking

Crypto Loan

The OKX Crypto Loan feature is a way to borrow cryptocurrency without having to sell your existing holdings. You use your cryptocurrency as collateral. This means you put up some of your crypto as a guarantee that you’ll pay back the loan. If you don’t, OKX can keep your collateral.

The OKX cryptocurrency exchange offers many assets for loans such as BTC, ETH, USDT, ALGO, APT, etc. You can choose loans with either flexible interest rates, which change hourly based on market conditions, or fixed rates for predictable costs. Flexible loans don’t have fixed repayment periods, so you have greater control over when you pay it off.

OKX features an average hourly APR of about 1% (subject to change). This means your interest rate changes hourly based on the lending market. How OKX determines this rate depends on factors like:

  • Loan to Value Ratio (LTV): How much you borrow compared to your collateral’s value. Higher LTVs generally mean higher interest.
  • Supply and Demand: How many lenders and borrowers are active influences the interest rate.

Jumpstart (Launchpad)

OKX Jumpstart acts like a launchpad for new blockchain projects. Currently, OKX launched 10 new projects on its Launchpad and raised a total of $4.27 billion.

It has different ways to participate. Sometimes you might “mine” tokens by staking existing cryptocurrencies you already own. In other cases, you might need to pledge the OKB token (its own cryptocurrency) to have a chance of buying the new project’s tokens.

OKX Jumpstart

OKX Decentralized Finance (DeFi) Ecosystem

OKX Wallet

With OKX Wallet, you can easily interact with decentralized applications (DApps), trade on decentralized exchanges (DEXs), explore NFT marketplaces, and much more. 

It’s designed to be user-friendly. You can easily send, receive, and store a massive range of cryptocurrencies across a whopping 100+ blockchains. The wallet also includes a built-in DEX for instant token swaps. The OKX DEX aggregator searches through more than 400 DEXs and over 20 cross-chain bridges across more than 20 networks to find the best Bitcoin and crypto prices.

OKX Wallet is non-custodial, meaning you, and only you, hold the keys to your assets. The Wallet is available on different operating systems. You can use it as a browser extension or utilize the dedicated mobile app for both Android and iOS devices. And, for smooth transitions between platforms, you can easily connect your OKX Wallet to the OKX centralized exchange.

OKX Wallet

For further information about this multi-chain crypto wallet, check out our detailed OKX Wallet review.

OKT Chain

OKX Chain, or OKTC, is an EVM-compatible layer-1 blockchain built on Cosmos (ATOM). The blockchain is also 100% open-source.

The OKT chain is capable of handling 6,000 transactions per second, which is very high compared to Ethereum 12-15 TPS. Using OKTC generally costs very little ($0.01) compared to some older blockchains like Ethereum. The OKX chain also has a native token (OKT). 

NFT Marketplace

OKX also offers an NFT marketplace. It supports NFTs across a wide range of categories – art, collectibles, music, game items, and even virtual land. The platform isn’t restricted to a single blockchain. 

It supports NFTs on multiple chains like Ethereum, Polygon, Base, Solana, BNB chain, and more. This is because it gathers NFTs from all popular marketplaces like OpenSea, Blur, LooksRare, X2Y2, MagicEden, and many more. This gives you more flexibility as both a buyer and seller. 

OKX NFT Marketplace

OKX Supported Cryptocurrencies

Currently, OKX supports an impressive selection of over 350 supported cryptocurrencies with a significant number of over 533 trading pairs. You’ll find coins focused on sectors like AI, the Metaverse, gaming, DeFi, smart contracts, and more.

While the number of coins is good, it might not be enough for people who want to invest in very new, low-cap coins. OKX usually focuses on listing older, more well-established coins. If you want those super new, riskier coins with the chance for big profits, exchanges like MEXC and Bybit often add them much faster than OKX.

Here are some popular cryptocurrencies you will find on OKX:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether (USDT)
  • Bitcoin Cash (BCH)
  • USD Coin (USDC)
  • Aptos (APT)
  • Cardano (ADA)
  • Solana (SOL)
  • Dogecoin (DOGE)
  • Polkadot (DOT)
  • Polygon (MATIC)

OKX Fees

Spot Trading Fees

OKX uses a maker-taker fee model for spot and derivatives trading. This means that the fees you pay depend on whether you are adding liquidity to the market (maker) or taking liquidity away (taker).

OKX users are categorized into regular and VIP levels, depending on trading volume. Regular users are classified by their OKB holdings, while VIP users are classified based on their 30-day trading volume and the asset amount. As your trading volume or OKB holdings increase, you’ll also enjoy low trading fees.

First, let’s see what maker-taker fees look like with OKB holdings for regular users:

Fee structure for OKX regular users

As for VIP users, here is what maker-taker fees look like:

Fee structure for OKX VIP users

Futures Trading Fees

Trading fees for futures contracts follow a similar tiered maker-taker model. For regular users, it starts with 0.02% maker and 0.05% taker. Similarly, it keeps decreasing with high trading volume and OKB holdings. For options trading, OKX charges 0.02% maker and 0.03% taker.

For more information, you can check out the full OKX fees overview.

OKX Review 2024: Trading Features, Fees, and Security

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Deposit and Withdrawal Fees

OKX cryptocurrency exchange does not charge any fees for cryptocurrency deposits. However, do remember that you’ll still need to pay network fees (also known as gas fees) associated with transferring cryptocurrencies on the blockchain.

Withdrawal fees on OKX vary depending on the cryptocurrency you are withdrawing. These fees are also updated regularly to reflect network conditions.

For fiat currencies, if you use third-party services such as Mercuryo or Moonpay to buy crypto, expect to pay additional fees and spreads ranging from 2% to over 10%. Credit/Debit card transactions also charge variable fees based on your country.

OKX Payment Methods

OKX supports a variety of payment methods for buying crypto or making deposits. As discussed above, it supports over 900 payment methods on its P2P marketplace. But, if you want to deposit directly on the platform, you have somewhat limited options:

  • Credit/Debit cards (Visa and Mastercard)
  • SEPA
  • Bank account transfers
  • iDEAL
  • PIX
  • Apple Pay and Google Pay (using debit cards)
  • Moonpay
  • Mercuryo

Deposit and Withdrawal Limits

Deposit and withdrawal limits on OKX can vary based on your fee level. Users with a higher VIP level will usually have higher limits. For fiat currencies, these limits can change based on payment methods.

Fiat Currency Payment Method Minimum Deposit Max. Deposit Max. Withdrawal
EUR SEPA €1 €100,000 Daily

€1,000,000 per 30 days

€100,000 Daily

€1,000,000 per 30 days

EUR iDEAL €1 €100,000 Daily

€1,000,000 per 30 days

N/A
BRL Pix $10 $20,000 Daily

$50,000 per 30 days

$20,000 Daily

$50,000 per 30 days

AUD Bank Transfer $10 for deposits and $5 for withdrawal $10,000 Daily

$20,000 Weekly

$10,000 Daily

$20,000 Weekly

Security Measures: Is OKX Safe?

Take a look at some key security features of the exchange:

  • Two-Factor Authentication (2FA): This is an absolute must! OKX supports 2FA through SMS, email codes, and authenticator mobile apps like Google Authenticator. This adds an extra layer of protection.
  • Passkeys: While not yet as common, OKX is exploring the use of passkeys as an alternative to passwords. Passkeys are more resistant to hacking and phishing attempts.
  • Anti-Phishing Code: You can set up a unique code that will appear in all genuine emails from OKX. This helps you quickly spot fake emails trying to steal your data.
  • Cold Wallets: Most of OKX’s cryptocurrency holdings are kept offline in “cold wallets”. A smaller amount is kept in online “hot wallets” for daily transactions.
  • Multi-Signature Technology: OKX uses systems where several authorized people need to approve transactions. This prevents any single person from making unauthorized movements of user funds.
  • Proof-of-reserve data (PoR). The platform makes its solvency data public and you can verify it on DeFi blockchain explorers like Defilama. Currently, OKX has over $29.25 billion under its custody.
  • OKX risk shield: It has an insurance fund set aside specifically to protect your assets in the unlikely event of a security breach. It is similar to Binance’s “SAFU”.
  • Withdrawal Address Whitelisting: This allows you to whitelist addresses for withdrawing your funds. Any attempt to send user funds to an unknown address will be blocked.
  • Mandatory KYC (Know Your Customer): OKX requires users to undergo mandatory KYC verification. This helps prevent illegal activity and ensures users are who they say they are.

OKX Licensing

The exchange has secured several licenses and established key partnerships to enhance its global presence:

  • United States: OKCoin USA Inc., an affiliate of OKX, is registered as a Money Services Business with the Financial Crimes Enforcement Network (FinCEN) and holds licenses in various U.S. jurisdictions.
  • European Union: OKX has obtained a Markets in Crypto-Assets (MiCA) license, allowing it to offer regulated crypto services across the European Economic Area (EEA) through its hub in Malta.
  • Singapore: OKX Singapore has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), enabling it to provide digital payment token services locally.
  • Dubai: OKX Middle East Fintech FZE, the Dubai subsidiary of OKX, received a VASP license from the Dubai Virtual Assets Regulatory Authority (VARA). This license permits OKX to offer regulated virtual asset exchange services, including spot and fiat trading, to both retail and institutional clients in the UAE.

OKX App Review

Many people trade cryptocurrencies on their phones these days. If you’re one of them, you’ll be happy to know that OKX has a well-made mobile app with user friendly interface, featuring advanced trading functionalities and robust security measures. It’s available for both Android and iOS phones. The OKX app has all the important features you need to trade on the go. You can check prices, place orders, and manage your portfolio from anywhere.

The OKX mobile app also has a handy “Lite” mode. This is designed for people new to crypto to have a simpler experience. However, more advanced traders might like the full set of features for better control over their trades.

OKX mobile app

OKX Restricted Countries

OKX may restrict users from certain countries due to regulatory reasons or other factors, including:

  1. Hong Kong (specifically derivatives-related services)
  2. Singapore (margin and derivatives related services)
  3. The United States of America including all U.S.A. territories
  4. Canada
  5. The Netherlands
  6. The United Kingdom (derivatives-related services for retail users)
  7. India
  8. Japan
  9. North Korea
  10. Malaysia

And many more! However, the list of prohibited countries can change over time due to updates in regulations or company policies.

OKX Customer Reviews & Satisfaction

The exchange has received mixed feedback from users. The average rating of OKX hovers around the mid-range, with some users giving better than average marks in certain areas. Many users like the easy online experience, which makes the platform simple to use. OKX is often praised for fast transactions, making it a good choice for quick trades. It also attracts users with its low fees, leading to several positive reviews, especially from those who want to save on costs.

Hence, while OKX offers some advantages, the negative reviews about withdrawals and support affect its average rating. A few users have reported lost funds, which is a serious concern. Many negative reviews mention poor customer service, especially when problems arise. Some users also complain about slow withdrawals, causing delays in getting their money.

The OKX app receives pretty good ratings, such as 4.6/5 on the App Store and 4.5/5 on the Google Play Store. The cryptocurrency exchange also receives an average Trust score of 3.5/5 on Trustpilot. We noticed that some users have mentioned that OKX’s customer service can be slow sometimes.

OKX Customer Support

When you’re dealing with crypto, it’s important to have good customer support if something goes wrong. OKX has several ways to get help if you need it. They have a help center on their website with lots of articles and answers to common questions.

For more specific problems, you can contact them in a few ways:

  • Email: Send a message to okx@support.com. They usually answer within a day or two.
  • Live Chat: On the OKX website, there’s a live chat option where you can talk to a customer service person right away.
  • Social Media: OKX also has accounts on Twitter and other social sites where you can contact them.

OKX Partnerships

OKX McLaren Stealth Mode PR Reveal English

OKX has partnered up with big names in sports like McLaren and Manchester City. It started working with McLaren Formula 1 in 2022, putting its logo on cars and driver uniforms and helped the team win the 2024 championship. With Manchester City, OKX became the official crypto partner in 2022 and later the sleeve sponsor in 2023 with a deal worth over $70 million, offering fans NFT and metaverse fun. 

OKX also joined the Tribeca Festival in 2022, running its NFT marketplace and crypto events. It works with athletes like Scotty James and Daniel Ricciardo too. These deals help OKX get noticed and trusted by people worldwide.

Community and Academy

OKX maintains an active presence across various social media platforms to connect with its global user base. Users can engage with OKX through platforms such as Twitter, Facebook, Instagram, Discord, Telegram, and more. These channels provide timely updates, insights into cryptocurrency trading, and opportunities for community interaction.

The OKX Academy serves as an educational hub. It offers a wealth of resources to help users deepen their understanding of cryptocurrencies, blockchain technology, and trading strategies. 

The Academy covers various topics, including market analysis, decentralized finance (DeFi), non-fungible tokens (NFTs), and Web3 innovations. Users can access articles, tutorials, and guides tailored to various skill levels, from beginners to advanced traders.

User Experience: Is OKX Easy-to-Use?

OKX offers a good trading experience. They have a wide range of cryptocurrencies to choose from, and their trading fees are pretty low compared to some other exchanges. The mobile app is the cherry on top for on-the-go traders.

The trading platform itself is well-designed. It can be a little complex if you’re new to trading, but there are guides to help you get started. More advanced traders will find lots of tools for analyzing the market. These include charts and ways to set up different kinds of orders.

OKX Review 2024: Trading Features, Fees, and Security

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OKX Account Management

Managing your OKX account is straightforward across different platforms. You can access your account details easily through the OKX website on a desktop computer or through the mobile app. Both options provide a user-friendly interface for viewing balances, transaction history, and personal information.

If you encounter any issues, the help center is available with guides and FAQs to assist with common questions. The mobile app offers the same functionality as the desktop version, making it convenient for users to manage their accounts on the go.

OKX vs Other Exchanges Comparison

Binance and Bybit are popular alternative exchanges to OKX. Here is a brief comparison:

Exchange OKX Binance Bybit
Founded 2017 2017 2018
Key trading features Margin, spot, derivatives, OKX Earn, NFT marketplace, Web3 wallet Margin, spot, futures, P2P, Earn products, launchpad, staking, NFTs Spot and derivatives trading, copy trading, bots, Web3 ecosystem
Web3 Wallet Yes Yes Yes
Supported coins 327+ 381+ 1,167+
Trading fees 0.08% maker and 0.1% taker 0.1% maker/taker 0.1% maker/taker
Deposit and withdrawal fees Zero fees Zero fees Zero fees
US presence Limited (OKCoin operates) Separate platform Binance US available No availability
Native token OKB BNB BIT

Explore our Binance vs OKX article for a detailed comparison of these two crypto exchanges, including fees, supported assets, trading options, user experience, and more.

How to Buy Crypto on the OKX Platform?

Step 1: Create an OKX Account

Go to the OKX website or download their mobile app. You’ll see a button that says “Sign Up”. Click it. You’ll need to give some basic information like your email address and create a strong password. OKX will send you an email to verify your account. Click the link in the email to activate your OKX account. Now, for security purposes, you have mandatory 2FA. You can use either SMS or Google Authenticator code.

Create an OKX Account

Step 2: Verify Your Identity (KYC)

Before you can start trading, OKX needs to verify your identity. This is mandatory.

Click on this and follow the instructions. Usually, you’ll need to provide a picture of a government-issued ID (like a driver’s license or passport) and a selfie. The verification process can take a little time, sometimes a few hours or even a couple of days.

OKX Identity Verification (KYC)

Step 3: Deposit Funds

Once your account is verified, you’re ready to put some money in. Look for a section in the menu bar that says “Buy Crypto”. Now, you can use either “Express Buy” or “P2P trading”.

For this guide, we will be using “Express Buy”. Select your preferred fiat currency, cryptocurrency, and payment method. It may take some time for your deposit to show up in your OKX account, depending on the method you used.

OKX Deposit Funds

Step 4: Trade Cryptocurrencies

Once the money is in your account, you can start buying crypto. Look for a section called “Trade” and select “Spot”. Here you’ll see a list of different cryptocurrencies that OKX offers. Find the trading pair you want to buy (for example, BTC/USDT or ETH/USDT) and click on it.

You’ll see a trading screen with charts and prices. Decide how much of the cryptocurrency you want to buy and what kind of order you want to place. A simple “market order” will buy your crypto right away at the current price. Once you’ve placed your order, OKX will do the rest and you will see your funds in the wallet.

Trading on OKX

Final Verdict

OKX is among the most trusted crypto exchanges, with all popular coins and tokens to choose from. It has low fees, especially if you are a high-volume trader. The platform is also easy to use for beginners and there are lots of tools and features for experienced traders. OKX also has ways to earn interest on your crypto, which is a nice bonus.

However, the downside is that it is restricted in certain countries such as the US and India. Additionally, it does not list all new projects and low-cap altcoins for trading.

OKX Exchange Review – FAQs

Who is OKX Best For?

OKX is best for all ranges of cryptocurrency users. As a beginner, you will appreciate its features like spot trading, instant fiat-to-crypto convert, and P2P market for easy withdrawals and deposits.

Experienced crypto trader will appreciate its advanced trading tools, high leverage, and margin trading options. In case you like earning passive income, OKX is great for that too, with staking, savings, and DeFi features. If you are a Web3 explorer, it has a non-custodial wallet, NFT marketplace, and decentralized swap features.

Is OKX legit & safe to use?

OKX has a solid reputation as a legitimate and secure exchange. It has more than 50 million users in over 100 countries. It is licensed in the Bahamas and recently acquired a VARA registration in Dubai. The OKX cryptocurrency exchange also uses industry-standard security measures like cold storage, multi-signature wallets, and publicly available PoR data for transparency.

Can US residents use OKX?

US residents cannot access the main OKX platform. Regulatory restrictions prevent OKX from offering its full services within the United States. However, US residents can potentially explore OKX’s decentralized options, like the OKX Wallet and NFT platform. Although OKX is currently not available to U.S. traders, Okcoin, its US-based trading platform, will soon rebrand as OKX and become available to American investors.

Is OKX good for new traders?

OKX has a lot to offer new traders. It has simple buy/sell functions, educational resources, and demo trading to practice without risking real money. However, its more complex features, like margin and futures trading, could be overwhelming for beginners. If you’re new, it’s wise to start with the basics on OKX and gradually explore its advanced features as you gain experience.

Is OKX a Chinese company?

OKX has Chinese origins. It was founded by Star Xu in China in 2017. Due to changing regulations in China regarding cryptocurrency, OKX moved its headquarters out of the country. It currently operates from locations like Seychelles and Dubai.

Is OKX regulated in the UK?

OKX is not regulated by the UK’s Financial Conduct Authority (FCA). However, it complies with FCA financial promotion rules to operate legally and offer services in the UK.

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