Review on BlueHelix Exchange (BHEX) by Abraham Jeremiah
HBTC Exchange. A better place to trade
Intertwined between a choice of a better exchange service comes HBTC. The exchange which has been a choice of a few when it still went by the name BHEX, was not much of a popular option but following a reinvention of the exchange and a name overhauling to HBTC, the exchange has started getting the attention it truly deserves. I take this exchange mostly for it's competitive trade fees most especially for it's contracts and options. This fees are very quite low as the spot only charges 0.1% while the others charge lower according to their status. To add more spice to this exchange, I really enjoyed the experience I had with it's charts or trading view. The charts are well outlined and the apparent provision of different technical indicators has even helped to sharpen and increase the sixth sense of trading for me. The total outline and outlay of the exchange has been well panned down to help settle in new users. On the trading view, I got to see not just order books and trade history, but also a small introductory note on the cryptocurrency I was viewing which does actually helps in times of trying to understand what one is about going into.
It's Leveraged trading made available via perpetual contracts is also another point to speak of. The exchange puts at ease, the understanding of what we get to trade in by explaining true to details, the risks accompanying Leveraged trading. Through HBTC exchange, I could also calculate my profits before even stepping into the trading grounds. Not just profits can be calculated, liquidation point for the asset can also be calculated on the exchange. This will make it easier for me to calculate and plan my trades better. With quite a number of perpetual contracts available to trade with, users cannot be left looking for other exchanges while using HBTC. The number of coins available on the exchange Spot account and the pairs too are richly furnished leaving no stone unturned.
The ease I experienced while using this exchange has never been felt before. It's my better version of an exchange for new traders and traders with taste for risk on its Leveraged ETF Zone and Perpetual contracts. I surely do prefer this exchange and is very recommendable for all your trading needs
Pros
- HBTC exchange comes with a well designed user interface and a sleek trading view that is can be used easily for charting while trading
- The trading fees that are being charged by this HBTC exchange is a very low one. 0.1% for Spot trading, 0.02-0.05% for makers and takers respectively on perpetual contracts and 0.08-0.15% for makers and takers respectively for it's Leveraged ETF trades
- With the use of a third party provider, users can get to purchase any cryptocurrency of their choice directly on HBTC
- HBTC exchange supports Leveraged position trading with leverages of up to 50x-100x
- There is a large host number of cryptocurrencies and pairs available on this exchange
- The daily trading volume of this exchange indicates a high level of liquidity and use of the exchange by traders
Cons
- The use of its utility token, HBC for trading fees are not that good. In many other exchanges, using the utility token will cut trade fees but HBTC makes holding a specific amount of the HBC token and some trading volume compulsory to enjoy lower trade fees
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Comments (1)
February 25, 2021
Everything we expect from a cryptocurrency exchange can be seen at HBTC. High asset security at HBTC addresses concerns about asset hacking. The possibility of futures trading on this platform and borrowing from Margin trading exchange has provided more excitement with trading for traders.
