Trade.io and Other Regular Trading Platform; A Comparison Review

in #trade-io6 years ago

With the rise in the adoption of cryptocurrency, the need for a safe and secure cryptocurrency exchange is needed to facilitate the purchase of crypto assets.

Moreso, the increase in the trading of cryptocurrency has led to an increasing number of both new and existing traders with the intention to trade crypto assets in other to get their favourite crypto coin or profit speculations. This has lead to the rise in search of a better and safer trading platform.

In this blog, I will be taking a look at Trade.io and in the process, I will be comparing its functionalities to other trading platforms.

Comparing Regular Cryptocurrency Exchanges Trading Screens with Trade.io Trading screen.

Unlike regular crypto trading platform that has a rigid trading interface, where the sell button is always down, and the buy button is at the top, or having the candlestick chart at the right of the trading page, having the order book to the left, leaving the trading page clunky and very difficult to analyse coins before placing orders. Trade.io trading page is very flexible, giving users the ability to customize their own trading page thereby combining style and trading together.

Flexible interface of trade.io trading platform

Fees on Regular Cryptocurrency Platform vs Trade.io

Before signing up into any trading platform or exchange, one major thing to take note about is the fee. These fees could include Deposit fee, trading fee and withdrawal fee. In this part, I will be comparing the fees of trading platforms such as Bittrex, Binance, Bitbuy, Kucoin, Huobi, Poloniex and Trade.io.

Bittrex: Bittrex charges 0.25% on all trades for the trading fee, there is no fee for deposit into the platform. They charge network transfer fee for withdrawals. source

Binance: Binance trading platform is a little less as 0.1% is being charged for trading fee. Deposit is free and withdrawal is determined by the blockchain. You can check the charges for makers and takers, here

Bitbuy: With a trading fee of 0.75% to buy and 0.50% to sell, bitbuy tend not to have a stable trading fee. Fees are charged for deposit as well as withdrawals. this fee vary with respect to the method to deposit or withdrawal. Source.

Kucoin: Kucoin charges a trading fee of 0.1% on transactions. No fee for deposit while withdrawal fee is dependent on the cryptocurrency market’s performance.

Huobi: Huobi charges both makers and takers 0.2% on trades. Huobi do not charge for deposit and withdrawals are dependent on transaction fee. check out Houbi fees

Poloniex: Charging an average of 0.10% for makers and 0.20% for takers when trading source.

Unlike this trading platforms, Fees on Trade.io is relatively simple; zero fee for deposit, Zero percent trading fee for makers and 0.1% of takers with with minimal fee for withdrawal.

Minimum Withdrawal Amount for Regular trading platforms and Trade.io

A lot of users want to withdraw large amount of crypto assets daily but due to restrictions by regular trading platforms, this is not possible. Taking a look at regular trading platforms;

  • Bittrex allows a maximum of 100BTC.
  • Binance limit withdrawal to 2BTC maximum for level 1, and 100 BTC for level 2.
  • Huobi limits withdrawal to 0.1BTC for unverified members and 200BTC for verified members.
Unlike these regular trading platform that set limit for maximum withdrawal, **Trade.io** do not have a maximum amount to be withdrawn at a particular time provided the user is verified and KYC process has been completed.

Security with Trade.io

When it comes to trading platforms, it has been said that they are not safe to keep crypto assets as accounts of users can be easily hacked and funds taking away. This is not correct when it comes to security on Trade.io. Trade.io requires the use of 2FA (2 Factor Authentication) for additional security on accounts created on the trading platform.

Customer Service

Unlike platforms like poloniex, Binance, Gemini and other trading platform who have relatively slow response and action when it comes to customer service, Trade.io customer service response at the speed of light. Nothing beats having someone to guide you and solve issues for users when they arise.

**CONCLUSION **

When choosing a trading platform, certain things are placed into consideration and these things are listed and explained above. Before trading with a trading platform, factors such as fees, security, withdrawal limit and interface to mention a few and Trade.io possesses these criteria.

Trade.io is the trading platform for all (new and existing) traders irrespective of the user's trading skills.



You should visit Trade.io to read more and experience a better trading experience. You can also check out Trade.io social media for updates as well as join the community.



All images are from/associated with Trade.io, unless otherwise credited



Check out Trade.io website and social media

Website
telegram channel
YouTube
Medium
Facebook
Twitter
Reddit
Instagram
Linkedin

Sort:  

Definitely Trade.io has innumerable benefits, both for people without experience and for investors experienced in cryptography, this new platform is innovative and covers practically all the requirements that investors need, both those who are not experienced (because of their consultancy) and those who are experienced . The good thing is that with trade.io everyone wins.

Coin Marketplace

STEEM 0.36
TRX 0.12
JST 0.039
BTC 70112.96
ETH 3549.99
USDT 1.00
SBD 4.71