Binance HFT vs BingX HFT

What is Hashflow (HFT)?
Hashflow is a decentralized exchange that aims to offer seamless interoperability, zero slippage, and trades protected from Miner Extractable Value (MEV).

What is Hashflow (HFT)?

Hashflow is a decentralized exchange that aims to offer seamless interoperability, zero slippage, and trades protected from Miner Extractable Value (MEV). Trading on the platform is commission-free, and prices are executed as displayed. Additionally, Hashflow offers native cross-chain trading without the need for bridges or synthetic assets, allowing for easy trading across multiple chains with guaranteed price execution.

 

How does Hashflow work?

Hashflow provides a smooth and seamless way to swap assets across different blockchain networks without the need for token bridges.

 

The platform protects users from slippage and miner extractable value (MEV) exploits, regardless of whether the trade takes place on one chain or across multiple chains.

 

Hashflow utilizes a hybrid on-chain and off-chain Request for Quote (RFQ) engine to retrieve quotes from market makers who manage liquidity in on-chain pools. Market makers must cryptographically sign quotes, which remain fixed for the duration of any trade, ensuring that users receive guaranteed prices that cannot be tampered with or exploited by MEV bots.

 

Furthermore, Hashflow protects traders from slippage that can occur from cross-chain MEV, which may happen if there is a significant price movement between the time a transaction is validated on the source chain and when it is relayed to the destination chain.

 

What is the HFT token?

HFT is the official token of the Hashflow protocol and the Hashverse, which is Hashflow's gamified governance platform. By staking HFT, users gain access to various features and benefits within the Hashflow ecosystem.

 

Buying Hashflow on Binance vs BingX

 

Trading Fees

Cryptocurrency trading occurs on exchanges, similar to stock trading, but limited to cryptocurrencies. To maximize profits, it is crucial to understand the fee structures of the exchanges, which can vary.

 

Exchanges may have tiered fees based on 30-day trading volume, a flat fee for all trades, or a percentage of the trade amount. Some offer discounts for members or high volume traders.

 

Binance charges a 0.1% maker fee and a 0.1% taker fee, with discounts for BNB holders or high volume traders. BingX has a 0.075% maker fee and a 0.075% taker fee.

 

Fee comparison table:

Exchange/ Fees

Binance

BingX

Maker Fee

0.1%

0.075%

Taker Fee

0.1%

0.075%

 

Fees are subject to change, so it's important to check the current fee schedule before trading on an exchange.

 

Services and Features Offered

Binance is a global cryptocurrency exchange known for its versatility, offering desktop, mobile, and tablet trading options. It also prioritizes security for users' assets and information. While Binance is restricted in the US, it has a partnership with Binance.US for American traders.

 

BingX, on the other hand, is an international digital financial institution offering services across multiple countries, including the US, Canada, EU, Hong Kong, and Taiwan. BingX provides financial services like lending, borrowing, staking, and buying/selling cryptocurrencies. It has a referral program, trading competition, and a copy trading feature for users who want to follow successful traders. Those looking to buy Hashflow (HFT) on BingX can make use of the copy trading option to achieve passive gains.

 

The best exchange will depend on the user's needs and preferences, and it's crucial to research both platforms and consult with financial advisors before making investment decisions.


Rorschach Rizal

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