Streamex is a new unique cryptocurrency exchange that introduces the aspect of community trading to cryptosphere. Other cryptocurrency exchanges have varied benefits but have limited uniqueness. Streamex introduces social trading that can transform trading substantially.
The exchange conducted a successful ICO in May 2019 and is in the process of boosting its infrastructure to scale up operations. Notably, Streamex also has its own native token called the STE token.
Let’s take a look at what else the exchange offers:
Table of Contents
Streamex Security: Is Streamex Safe?
The Streamex development has robust infrastructure in place to secure traders’ assets. Such measures include protection against DDoS attacks, full data encryption, and compliance with PCI DSS standards. To secure individual user accounts, the platform deploys two-factor authentication.
Additionally, the exchange implements a reliable ISO 27001 security banking standard. This standard provides an excellent framework for legal, physical and technical structures for Streamex. In general, Streamex appears to have a satisfactory security framework for user assets security.
Regardless, it is always better to store only the crypto you need for short-term trading needs on an exchange wallet. This is because of the ingenuity of hackers who can compromise a seemingly perfect system. Therefore, users should use secure offline hardware wallets to complement their security needs.
Accepted Payment Methods
The community trading platform has a fiat gateway to give traders additional mobility. Accordingly, the traders can have convenient USD and Euros deposits and withdrawals from the first day of operation. This makes Streamex a truly trader-oriented exchange. Since this involves banks transfer, they will need to pass KYC and AML checks.
Additionally, Streamex should add other payment options like credit and debit cards in due course. The exhaustive list of trading options will become more apparent as trading on the exchange grows.
Cryptocurrencies Supported
Streamex supports a number of major coins. Notably, USDT pairs feature prominently in the trading operations. The number of coins should go up exponentially as the exchange ramps up operations. Other significant coins are:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- BAT
- LINK
- DASH
- OMG
- HOT
Streamex Fees
The trading fees are for two kinds of traders: makers and takers. Makers provide liquidity to the exchange while takers take liquidity away. Accordingly, those who own and store tokens on the exchange are makers while margin traders are takers. For makers, trading fees are between 0.18-0.01 percent while for takers 0.20-0.015 percent respectively.
Streamex exchange has incentives in the first few months for Streamex STE token holders. The exchange offers 0.04 percent for traders with 1000+ STE Token in their account. The rate for ones with less than 1000 STE is 0.08 percent. Deposits to the exchange are free while the withdrawal fees vary with currency.
Customer Support: Is It Any Good?
Streamex has a fantastic 24/7 customer support to answer any range of customer queries. This includes email support where you can get detailed answers to queries on exchange operations. Besides, new users can get useful guides on various set-procedures on the site. By virtue of the exchange being relatively new, the customer support wing is essential to integrate curious traders.
Verdict
In any competitive market, having a unique product or service is what it takes to stand out. Streamex brings a new dimension to the market with social trading. Community trading pools bridge the pool between experts and novice traders. The extra features like gamification and leaderboards add to the user experience and guarantee better trader retention. Users can, therefore, join trading pools and have master traders guide investments. Their extra knowledge is an asset in navigating market situations in real-time. This connection could be the key to unlocking a new segment of the traders and propelling Steamex to be a market leader.
