SnapEx Exchange Review by FXEmpire

by birtanpublished on September 2, 2020

Hello and welcome to the fx empire review of snapx snapex is an online derivatives exchange supporting the trading of cryptos founded in 2018 by singapore registered snap technology limited snapex provide traders with exposure to

The crypto market's most popular and most tradable cryptos these include bitcoin bitcoin cash cardano's ada eos ethereum litecoin and ripples xrp by investing through derivative

Contracts traders don't purchase actual cryptos but trade price movements key attributes of the platform include it's user-friendly and built to enable traders to benefit from both bull and bear markets snapex boasts

Amongst the lowest trading fees also supports both long and short positions with leverage of between 10 and 100 times users can transfer cryptos

Deposit by credit card or purchase through snapex otc for selected countries snapex ensures fair prices by basing prices on a k line weighted average of the three major exchanges

Which have financed hueby and okx it's compatible on multiple platforms including desktop tablets and smartphones there's a global presence with up to 36 countries and there's a

Demo account to familiarize yourself with the platform once you've signed up you'll need to complete the verification process to fulfill snapex's kyc requirement

Upon completion of the kyc process you can make a deposit and then begin trading in order to make a deposit go to the assets drop down menu and select the deposit here you can

Choose the crypto that you wish to deposit either copy the address or scan the qr code and complete the transaction do note that there are minimum amounts

For single deposit transactions any smaller amounts will not be processed taking a closer look at the platform we'll go to the trade page here you have the option of selecting either a single or multiple charts

For your crypto pairings with demonstrative purposes with selecting single chart we're also selecting bitcoin us dollar tether pairing once you've selected your pairing on the

Right hand side you'll see the new order section here you enter your margin the leverage amount adjust your stop loss and your take profits limits

And then if you wish to see further details you can scroll down to see the minimum margins the maximum margins trading time and the leverage holding time there are also the fee summaries for you to review

Before you complete the purchase to go long once you've completed the information click the buy long and confirm the trade upon completion of the trade you will

See your position reflected at just below the chart here you have the option to make adjustments to your open trade by clicking icon you can adjust your take profit and your stop

Loss and decide whether you want to hold overnight or or not by adjusting that toggle there any adjustments click ok to complete you can also close out the trade by hitting close and your position is

Then closed you'll see that your open positions are no longer there and your trade will appear in your history just having a quick look at the chart it's worth noting that

Trading view powers the charts so there's a plethora of indicators and functionality to support your technical analysis and risk management for indicators simply click indicators and you can search for the

Various trading indicators that you wish to use you then obviously have the different time intervals and the drawing tools to support your trading to note that the platform offers you a demo account and a

Real live trading account so at the moment we're in demo so we'll switch back to real and then we'll go to the buy crypto page here you're able to purchase bitcoin by

Credit card as shown simply enter the amount of bitcoin in us dollars you'll be given the bitcoin equivalent and there is a fee of five percent or a minimum of ten

Us dollars there is also an otc where users can buy and sell cryptos simply for the purposes of selling click the sell option and here you have the merchants looking to

Offload in order to make withdrawals go to the assets drop down menu and click withdraw i've not completed the verification process so i'm not able to withdraw simply enter

The details the amount you wish to withdraw your target wallet address and complete the transaction do you know that there is a maximum daily withdrawal of a hundred thousand

Us dollar tether there is also an affiliates page that you're able to invite referrals and enjoy a 10 indirect commission from referrals made

Referrals are broken down by trading volumes and your rewards are based on their monthly trading volumes with as much as 50 direct commissions on offer under the assets drop down menu list

There is also a fun deal section here you're given your balances broken down by otc wallet and others you're also able to make deposits and withdrawals from this

Page and their snap page snapex rewards users with snap by completing certain tasks which you can see by scrolling down snap x delivers snaps that can be

Exchanged for us dollar tether or used to offset transaction fees finally there's a high emphasis on security go to your account page which can be found under your email drop down here you

Can enable your google authenticator and also bind your phone we recommend this as you would then be required to enter a verification number to make withdrawals and retrieve

Passwords etcetera with low margins and deposits not to mention low fees and high emphasis on security snap x is an attractive option for trading assets across the crypto majors here ends the fx empire review of snapex

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