Cryptocurrency trading platforms currently existing on the market are not built with knowledge of financial markets and tools. These platforms remain far from traditional stock exchanges in terms of the functionality demanded by professional market participants. Active traders require smarter tools for profit extraction, lower commissions, a variety of order types and segregated funds.According to their website, some of the platform’s features are:
- The exchange has fast trading engine, with 1ms order execution and no rejection
- Security is verified by three leading security agencies
- Contracts are protected from unnecessary liquidation
What are the trading fees on Xena Exchange?The platform doesn’t charge any fees for spot trading, which is quite surprising. But if you decide to do margin trading, you’ll have to pay 0.03% each order’s value. A withdrawal fee amounts to 0.001 BTC when you withdraw BTC. Also, keep in mind that the deposit is possible only with cryptocurrencies, not fiats.
Who is the team behing Xena Exchange?The company is lead by a group of professionals from JPMorgan, Deutsche Bank, ING and the Royal Bank of Scotland. The Xena Exchange CEO is Anton Kravchenko. He is the former employee of J.P. Morgan corporation, Vice-President of Investment Banking Solutions at Bank Otkritie Financial Corporation, and an associate director of VTB Capital.
How do I create an account at Xena Exchange?To register on the platform you have to be at least 18 years old, and from an unrestricted country (US-based investors cannot trade on Xena Exchange). Here are the steps you’ll need to take in order to register and start trading:
- Go to the exchange’s website
- Provide your email and create an account
- Fill out the information for KYC compliance
- After completing the registration, choose the type of account you need
- Your ID photo
- Proof of residence photo (it can be your bank account statement or utility bill)
- Photo of you, with your ID
Is Xena Exchange distributing an airdrop?Yes, it does. The airdrop is worth up to $1,000 worth of Bitcoin and the minimum deposit is $25. Participants who make their first deposit to BTC Margin Wallet in BTC will receive a bonus equal to the amount transferred, up to $1,000 in the equivalent currency.
Blockchain entrepreneur since 2013 and founder of AirdropAlert.com. “Crypto has changed my life and I’m here to share my knowledge, experience and enthusiasm with you.”
Favorite cryptocurrency: Ethereum, Stellar & Litecoin
Favorite Airdrops: OmiseGo, BlitzPredict & AELF