Kraken HFT vs BingX HFT

 

What is Hashflow (HFT)?

Hashflow is a decentralized exchange (DEX) that places a strong emphasis on interoperability, eliminates the risk of slippage, and guards against miner extractable value (MEV). The platform provides trading with no commission fees, executing all trades at quoted prices. Cross-chain trading is made easy with native swaps, eliminating the need for bridging or synthetic assets and ensuring price execution is guaranteed.

 

How does Hashflow work?

Hashflow streamlines cross-chain asset trading by eliminating the need for external bridges.

 

The platform protects all trades from slippage and miner extractable value (MEV) through its hybrid on-chain/off-chain Request for Quote (RFQ) system. Market makers, who manage liquidity in on-chain pools, provide off-chain quotes that are cryptographically signed to ensure guaranteed prices and prevent front-running or MEV exploitation.

 

Hashflow also defends traders against slippage that could arise from cross-chain MEV. This can happen when there is a substantial price change between the validation of a transaction on the source chain and the transmission of the payload to the destination chain.

 

What is the HFT token?

HFT is the designated token for the Hashflow protocol and Hashverse's gamified governance platform. Users can gain access to a range of features within the Hashflow ecosystem by staking HFT.

 

Buying Hashflow on Kraken vs BingX

 

Trading Fees

Trading cryptocurrencies is similar to trading stocks and takes place on cryptocurrency exchanges. These exchanges typically have a tiered fee structure that is based on a user's trading volume over the past 30 days. It's important to understand these fees to maximize profits.

 

The fees for trading cryptocurrencies can vary greatly between different exchanges. Some exchanges charge a flat fee for every trade, others charge a percentage of the trade amount, and some offer discounts for memberships or large volumes of trades.

 

Kraken has a fee structure of 0.16% for makers and 0.26% for takers on most trades. Users who hold the exchange's native token (XBT) or trade large volumes can receive discounts. BingX, on the other hand, charges a 0.075% maker fee and 0.075% taker fee for most trades.

 

Fees are subject to change, so it's important to verify the current fee schedule for the exchange you plan to use. The following table provides a quick comparison:

Exchange/ Fees

                    Kraken.     BingX

Maker Fee 0.16%.      0.075%

Taker Fee. 0.26%.      0.075%

 

 

Services and Features Offered

Kraken and BingX are two options for those looking to purchase bitcoin with fiat currency. With a 24-hour trading volume of over 1 billion USD, Kraken offers the exchange of 49 cryptocurrencies and has a lower trading fee of 0.26% compared to Coinbase's 3.66%. Despite slower customer support and market pin issues, Kraken is intended for novice traders with limited experience and offers a maximum leverage of 5X for margin trading.

 

On the other hand, BingX operates as an international digital financial institution offering services in North America, Canada, the EU, Hong Kong, and Taiwan. Services include lending, borrowing, staking, and buying/selling cryptocurrencies, along with a referral program, trading competition, and copy trading feature for users with limited time or new to crypto.

 

In conclusion, the best platform will depend on the user's specific needs and preferences, and it's important to thoroughly research and consult with a financial advisor before making any investment decisions.