INTRODUCTION
Trading has been a very vital activity in human existence from time immemorial. The creation of cryptocurrency from blockchain technology some years back was a great milestone in digital evolution, but there was need to trade these digital assets hence exchanges were enacted. Crypto exchanges set in to enable trading of cryptocurrencies with others and FIAT too. The existing crypto exchanges have helped a great deal in trying to achieve the original purpose of their creation, but there exist many drawbacks. A team of experienced intellectuals looked into the loopholes of the existing exchanges and came up with a long lasting solution, CHAOEX Exchange.
CHAOEX PLATFORM
ChaoEX is a cryptocurrency exchange platform that operates since 2017. Its headquarters are in Hong Kong. The exchange is led by a CEO called Mark Hojgaard. Its legal entity is called Xyhj Network Technology (HK) Limited. ChaoEX supports only cryptocurrencies. However, it provides a large list of them, so the users are not restricted in their choice.
The company’s history shows that it benefited from the ICO ban established by the Peoples Bank of China in 2017. Because of its Hong Kong registration, ChaoEX reputation began to grow rapidly after the ban.
Trading fees offered by ChaoEX are slightly lower than the average on the market. For makers and takers they are only 0.1%. The deposit fee depends on the particular cryptocurrency while the withdrawal fee is 0.5% for all tokens.
ChaoEX Trading fees
The one thing we can’t stress enough is that you must always determine the trading fees at any exchange you are interested in. ChaoEX does not charge different fees between takers and makers. Generally, you say that such exchanges’ trading fees are “flat”. ChaoEX offers a flat trading fee of 0.10%. ChaoEX does accordingly not care about whether you are a taker or a maker. For investors who prefer to pick-up existing orders from the order book, this might be an attractive trading fee model.
The trading fees here are also reduced pursuant to the users KYC-levels. 0.10% is the fee for the starting KYC-level. If you verify yourself and obtain KYC2-clearance, your trading fee is thereafter 0.075% (which is low). If you verify yourself and obtain KYC3-clearance, your trading fee is thereafter 0.05% (which is very low).
Overall, trading fees are very competitive at ChaoEX.
ChaoEX Withdrawal fees
Many exchanges have competitive trading fees but then hit you on the way out with their withdrawal fees. Let’s say you have reached your investment goals and you are looking to buy house with bitcoin. In order to buy that house, you need to withdraw the funds. And when doing so, the exchange can make up for its low trading fees by charging you high withdrawal fees when you’re halfway out the door.
ChaoEX is not one of those exchanges. As most other exchanges, this exchange only charges a fixed withdrawal fee that vary from cryptocurrency to cryptocurrency. If you want to withdraw BTC, the withdrawal fee here is 0.001 BTC. This is in line with the global industry average.
Chaoex Security
ChaoEX has an extremely good security score. They run all exchange-websites in Mozilla’s Observatory-test (https://observatory.mozilla.org/), and a lot of the exchanges receive F as scores. ChaoEX, however, received a B-score, which is very impressive.
CONCLUSION
It's crystal clear that Chaoex exchange is super promising exchange. The security features, trading with swift operation, having in mind that your coins and tokens are highly secure is a mind-blowing experience that waits. It’s already a success. I urge everyone to key into their vision; together we make it to the top.
FOR MORE INSIGHT ABOUT THIS UNIQUE EXCHANGE, VISIT THE LINKS BELOW:
Website: https://www.chaoex.com
Facebook: https://www.facebook.com/ChaoExHK
Twitter: https://twitter.com/ChaoExHK
Telegram: https://t.me/HKchaoex
App Download Link: https://chaoex.com/Download
Writer’s Details
Bitcointalk username: ibrash600
Choaex UID: 138845
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1792223;sa=summary