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Exemption of registration, deposit and withdrawal makes Newdex surpass IDEX rapidly

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Exemption of registration, deposit and withdrawal makes Newdex surpass IDEX rapidly
Source: Newdex

Currently the number of EOS accounts has exceeded 500,000. These EOS accounts receive a fair amount of airdrops every day.

If airdrops don’t get to circulate, they are just a bunch of worthless random characters. It seems to be a common sense for early EOS users that once you got airdrops, you trade them on Newdex. This allows Newdex to quickly overtake the top ETH decentralized exchange IDEX in both daily active users and 24h trading volume.

Data Image | Source: SpiderStore

Data Image | Source: SpiderStore

Getting Rid of Registration and KYC, Newdex Gives Users its First Hit

When users start their journey on some kinds of exchanges, the first step it comes is registration. Such process could take users a lot of time to fill out their personal details. Email or mobile text verification might also be included.

Some exchanges even require users to show certification titling “I [CERTAIN NAME] certify to register the [CERTAIN EXCHANGE] exchange”, then upload a picture of them holding that certification. Process like this drives users away from their exchanges.

As exchanges for cryptocurrency, registration that requires KYC verification contradicts the anonymity principle of decentralization. Therefore, Newdex was able to impress users firstly by its friendly user experience that allows them to skip the registration.

Open Newdex’s official website, click on Sign In, the interface will show up as follows:

Users can sign in and start trading simply by authorizing with either Scatter Extension or mobile wallets. Both ways are starter-friendly, there is tutorial about using Scatter on the sign-in interface. For wallets, installing navigations are all very clear on their official sites.

There are 11 wallets supported on Newdex Web Version, including TokenPocket, MEETONE, Math Wallet, Bitpie, NovaWallet, EOS.Live, MOREWallet, Starteos, 51Token, Pocket EOS and PRABOX.

Despite IDEX requires no registration as well, they don’t support the function of code scanning, users still need to import wallet to start trading.

The Exemption of Registration Allows Users to Skip Deposit and Withdrawal

Behind the exemption of registration, users private keys are guarded by wallet.

On Newdex, users authorize with wallet directly. Because users do not need to make any deposit, their assets will be protected until deals are finished. Once orders are matched, selling assets will be charged from wallet, greatly reducing the time that assets are exposed.

When deals are finished, buying assets will be transferred to wallet directly, meanwhile the transfer details are clear and traceable on EOS main net. Users do not need to submit any withdrawing claim.

Although IDEX is a decentralized exchange, this platform still requires deposit and withdrawal. Not to mention the loads of withdrawing time effected by Ethereum’s poor performance.

Capturing User Needs is the Fundamental to Newdex

No withdrawal means no withdrawal charge on Newdex.

Limited to the operating cost on Ethereum, IDEX charges fees on placing and revoking order. Apparently such charging list is unacceptable by most users.

With friendly user experience, fast trading and various Tokens [listing 102 trading pairs], Newdex is able to seize target users firmly.

For investors who haven’t step in EOS ecology yet, it is not too late to get engaged and learn more about EOS.

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Press Release

SnapEX: a Contract Trading Platform for everyone-Featuring as app, A web Trader and Discounted Fees

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A Contract trading Platform for everyone--Featuring as app, A web Trader and Discounted Fees
Source: SnapEX

Hong Kong-SnapEx, a new cryptocurrency contract trading platform has just launched a web trader and offering 50% off its transaction fees until further notice.

Contract trading – a financial instrument that allows traders to profit from market movements without owning the trading asset – is relatively new in the crypto market. There are only a few platforms offering crypto contract trading and are mostly catered for experienced traders. SnapEx, on the other hand, is created for the every day trader – making it an ideal option for everyone from first-time to seasoned traders.

Unlike other contract trading platforms, the digital asset prices on SnapEx are far more stable – achieved by using a K-line weighted average drawn from 4 major crypto exchanges. There is also zero platform spread which minimizes slippages.

Users can trade contracts on SnapEx from as low as 5 USDT and leverage as high as 100x. The low entry bar into contract trading on SnapEx aims to attract both crypto and non-crypto traders while encouraging greater adoption of the blockchain industry.

Ee Wui Yang, the CMO of SnapEx, said,

“We created SnapEx for everyone, no matter your age, gender or trading expertise. In fact, we’ve made it as easy as possible for even novice users to trade easily on our platform. We have lots of plans to roll-out in the near future, and we can’t wait to share the news with all of you.”

With the official launch of SnapEx web trader, users can choose to trade using the app, web trader or both. Those who prefer trading exclusively on a PC or laptop can now trade easily from their desktops.

SnapEx web trader features an integrated trading view, industrial grade charts, a full range of TA tools, and modular viewing panels that allow users to shift layouts to their preference – including choosing between light or dark themes. The user-friendly toolbars on the web trader also allow users to quickly gain access to available trading pairs on the platform.

With SnapEx contract trading, you can easily hedge market risks with only a small amount of capital and without needing to purchase the actual trading asset. In addition, SnapEx contract trading does not have an expiry date, which allows the flexibility to close positions according to market changes.

Since its launch early this year, SnapEx has entered into a series of strategic partnerships with industry-leading platforms like EcoTree [South Korea’s leading new cryptocurrency promotion company], Coin25ex [a large real-time cryptocurrency trading platform based in South Korea], and Bestex [a professional digital asset spot trading service provider].

Ee Wui Yang, the CMO of SnapEx, stated,

“These tripartite partnerships were made in a bid to create greater value for all our traders, with both parties reaching a consensus of empowering user autonomy and returning real value to our users. We’re in this for the long haul and looking forward to making crypto contract trading accessible to everyone.”

SnapEx is rapidly expanding, continuously improving its products and offerings, and currently in the process of securing more key partnerships to multiply value for crypto contract traders and bolster relationships within the blockchain industry. The team is in this for the long haul and committed to becoming a new global force in this exciting, bourgeoning cryptocurrency trading space.

About SnapEx

SnapEx is a global service-oriented digital currency contract trading platform created and managed by a professional R&D and dedicated management team. The platform provides a user-friendly yet robust trading system, secure and rigorous fund management, and intimate services.

SnapEx is headquartered in Hong Kong and has offices in many parts of the world, including Seychelles, Singapore, South Korea, Japan, Malaysia, Vietnam, and many more.

With its easy-to-use and systematic trading solutions, SnapEx encourages users to make more rational professional contract trading decisions in a verifiable, self-disciplined, and programmable manner.

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