3 New Exchanges with Lucrative Unique Features

UTC by Julia Sakovich · 5 min read
3 New Exchanges with Lucrative Unique Features
Photo: Coinspeaker

If you are looking for a reliable crypto exchange, we recommend you to consider the following platforms that offer unique innovative features.

Choosing a cryptocurrency exchange can be a difficult decision in 2020. After all, practically all major exchanges offer the exact same range of features, look nearly identical, and offer a similar range of trading pairs.

Despite this, a range of newer platforms has cropped up lately looking to buck the trend and bring some innovation to the industry by introducing unique features not available anywhere else. Here are three of the ones we think are worth taking a look at.

NBX: Earn Flights

Norwegian Block Exchange, or NBX for short, is a new cryptocurrency exchange platform that is designed to break down the hurdles to investing in digital assets, making them accessible to anybody.

Unlike many exchanges, NBX is available to users worldwide, making it one of the most easily accessible platforms around. Once registered, customers can fund their accounts using their local currencies or with Bitcoin, Ethereum, or USD Coin (a stablecoin), after which they’ll be able to trade a variety of cryptocurrency markets.

3 New Exchanges with Lucrative Unique Features

NBX is a fully regulated platform with a transparent operating structure, and impressive security, giving users absolute peace of mind when trading cryptocurrencies.

NBX also charges a low flat fee for all trades, regardless of trading volume, ensuring all users trade on a level playing field, and can focus more on making profitable trade decisions rather than calculating the fees they’ll be charged.

Although NBX stands out from the competition thanks to its pure usability, one of its main draws is its potentially lucrative Norwegian CashPoints reward program. For simply trading on the platform, NBX users will earn Norwegian CashPoints which can be redeemed for flight tickets, extra luggage, and more with one of Europe’s leading airlines—Norwegian Air.

These rewards are available to all users, regardless of location. NBX is currently running a double cashback promotion through July and August, giving traders a whopping 20% cashback for all trades in the form of CashPoints.

PrimeXBT: Turbo Trading

Since its launch back in 2019, PrimeXBT has exploded in popularity as a cryptocurrency trading platform due to the wide range of markets, features, and tools it offers to its users.

The platform supports trading of a wide range of cryptocurrencies, including Bitcoin, XRP, and EOS, in addition to a whole host of other financial instruments—including a range of commodities, stock indices, and forex.

Unlike the other entries on this list, PrimeXBT is a type of trading platform known as a derivatives exchange. This essentially means that users trade contracts that track the price of an underlying asset, rather than trading the actual asset itself like on NBX. This enables a variety of interesting trading options, which some traders might find useful.

For one, PrimeXBT users can trade these contracts on margin, which essentially means they can open positions larger than they can afford by temporarily borrowing the extra funds from the platform. The minimum margin varies from asset to asset but can be as high as 100x for cryptocurrencies and 1,000x for forex.

By trading on margin, PrimeXBT users are both able to dramatically multiply their profits, but also their potential losses, so the feature can be a double-edged sword.

3 New Exchanges with Lucrative Unique Features

Besides the capacity to trade on leverage, users also benefit from the simple PrimeXBT Turbo platform, which allows them to speculate on the price action of a cryptocurrency (up or down) over ultra short-term timeframes—perfect for those that want to trade regularly, but don’t have the time needed to market watch.

Uniswap: Earn

Billed as a “fully decentralized protocol for automated liquidity provision on Ethereum,” Uniswap is a decentralized cryptocurrency exchange solution that allows users to execute trades in a completely trustless manner.

Unlike most other cryptocurrency exchange solutions, Uniswap doesn’t maintain a centralized order book filled with bid and ask orders. Instead, Uniswap smart contracts hold a reserve of tokens which are used to provide liquidity to traders, these tokens are supplied by a large number of liquidity providers.

Uniswap recently launched its V2 platform, bringing with it a wide variety of new trading pairs, as well as several new features, including flash swaps, manipulation resistant price oracles, and much more.

3 New Exchanges with Lucrative Unique Features

For now, users can only trade Ethereum assets using swap. This includes Ethereum and any of the thousands of available ERC20 tokens. Users of other major crypto assets may also be able to use Uniswap via wrapped assets like Wrapped Bitcoin (WBTC) and the potential upcoming Wrapped ZCash token.

Uniswap sets itself apart from other exchange protocols in that anybody can easily add liquidity to its pools, and earn a fraction of the 0.3% fee traders pay for each executed trade.

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