A REVIEW ABOUT THE BASEFEX CRYPTOCURRENCY DERIVATIVE EXCHANGE PLATFORM.

3 min readApr 2, 2019

BaseFEX is an emerging leverage trading cryptocurrency exchange based in the Seychelles Republic.

Blockchains and digital currencies were imagined as network situated open-source activities where the members need to have the chance to make valuable recommendations for the route forward of cryptocurrency exchanges and blockchain on the loose. This has remained constant except for dev teams that still have a noteworthy state in the project. Generally, blockchains have a pioneer that everybody has confidence in and pursues, restricting the impacts of the members to take part in its management when it comes to exchanges, however, it is not that big of a deal, but BaseFEX is a revolution that has come to stay for the betterment of the cryptocurrency trading ecosystem. BaseFEX was born out of a shared vision to develop a more efficient global financial system.

The flexibility of trading in multiple cryptocurrencies where traders have to say on the entire system is what interests the team members to have come up with this great idea of BaseFEX, but they were fed up with the inefficiencies of centralized exchanges.

HOW THE BASEFEX PLATFORM WORKS

BaseFEX does not correspond to spot trading at all. With BaseFEX, each user will be able to set up leverage for 1 time, 2 times, 3 times, 5 times, 10 times, 25 times, 50 times, 100 times, and trade.

BaseFEX is a highly leverage unique to overseas exchanges.

BaseFEX deals with alto coin’s leverage transactions.

On the BaseFEX platform, good security measures have been thoroughly implemented. Of course, customer’s currency is kept in cold storage and multi-sig is also introduced.

THE UNIQUE FEATURES OF BASEFEX

Briefly highlighted below are some of the amazing features that stand out this project, BaseFEX among others:

BaseFEX puts the Security of every of its users first.
It is the Cryptocurrency FX exclusive exchange of the Seychelles Republic.
The Team behind BaseFEX plans to deal with alto coin’s leverage transactions.
With BaseFEX, users experience Taker fee up to 0.075% and Maker fee — 0.025%.

What this last point means is that; when you do business with BaseFEX, the commission fee is 0.075% for Taker fee and minus 0.025% for Maker fee.

Since the limit order is a minus fee, there is no transaction fee at all as long as you are trading the limit price each time!

Amazingly, just of recent, BaseFEX launched 3 perpetual contracts for $BNB, $HT, and $OKB. All support trading with 20x leverage.

CONCLUSION

Rest assured, BaseFEX aims to cater to the casual trader who needs an easy to navigate platform. At the same time, BaseFEX will provide powered-up, cutting-edge features for professional traders who require the full range of earning more, decision making and fundamentals information at their fingertips.

Become Part of the BaseFEX community today!

Get connected anytime with the BaseFEX Project using the links below for more information, updates and participation:

WEBSITE: https://www.basefex.com/

TWITTER: https://twitter.com/BaseFEX

TELEGRAM: https://t.me/BaseFEX_Trading

MY AFFILIATE LINK: https://www.basefex.com/register/tRB0jw

MEDIUM: https://medium.com/@basefex