The cryptocurrency trading market is far more mature compared to the pre-2017 bull market. There are many services that offer cryptocurrency margin trading, spot trading, and contract trading. Although the general services offered are similar, there are few yet crucial differences between these services.
This article is meant to help you understand SnapEx better in the context of other cryptocurrency trading platforms - and how you can benefit by choosing to trade on SnapEx.
Key Differences in SnapEx
Tether (USDT) is the base currency.
Low entry barrier.
Zero platform spread.
Fair prices based on a K-line volume-weighted averages of 3 major cryptocurrency platforms - Binance, Huobi, Okex
Ability to leverage from 1x to 100x.
Only a one-time transaction fee for every position opened.
What is K-Line Volume Weighted Average
The K-line volume-weighted average is a unique feature to SnapEx, exemplifying the platform’s commitment to price transparency. Many trading services carry higher platform spreads and slippages. On SnapEx, the K-line volume-weighted average price shows real-time prices from major cryptocurrency exchanges - ensuring that the prices that traders see on SnapEx are as fair and transparent as possible.
Read here on how does the K-Line Volume Weighted Average Price derive: SnapEx K-Line
Another key distinction in SnapEx is its “zero platform spread and slippage.” Technically, every platform cannot avoid either market spreads or slippages, as there will always be a gap between the bids and asks in the market due to the nature of supply and demand. However, unlike other trading services - SnapEx does not add its own platform spread. The prices that traders see on SnapEx are the most accurate real-time prices (without additional platform spreads and slippages) in the market.
This unique feature is part of SnapEx’s goal of making contract trading easy and accessible for all traders - no matter if you are trading with a margin of 5 USDT or 5,000 UDST. The fair and transparent prices are to help traders make a more informed and accurate analysis, without losing more potential profits from additional platform spreads.
Brief Comparison of Competitor Products
SnapEx is created for the average trader in mind - whether you are a beginner or an expert trader. All prices indicated on the platform are consistent with market prices at no additional spread costs. The transaction fee is applied only once - when a position is opened - and no other handling fees are charged when the position is closed.
The low entry barrier to SnapEx allows anyone to trade, while the absence of any slippage cost and spreads allows for potentially higher profits compared to many other platforms in the market.