The cryptocurrency trading market is far more matured compared to the pre-2017 bull market. There are many services that offer cryptocurrency margin trading, spot trading, and contract trading. Although the general service 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) as the base currency.
Low entry barrier.
Fair prices based on a K-line weighted average of 4 major cryptocurrency platforms.
Ability to leverage from 10x to 100x.
Only a one-time transaction fee for every position opened.
No slippage cost and no clawback.
What is K-Line Weighted Average
The K-line weighted average is a unique feature to SnapEx, exemplifying the platform’s commitment to price transparency. Many trading services carry higher platform and trading spreads and slippages. On SnapEx, the K-line weighted average shows real-time spot prices from 4 major cryptocurrency exchanges - ensuring that the prices that traders see on SnapEx are as fair and transparent as possible.
Another key distinction in SnapEx is its “zero spread and slippage.” Technically, every platform cannot avoid either spreads or slippages, as there will always be a gap between the bids and asks. On this platform - unlike other trading services - SnapEx does not add its own spread. The prices that traders see on SnapEx are the most accurate spot prices (without additional 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 is consistent with market spot 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.