BEST EXCHANGE THAT YOU SHOULD KNOW: CHAOEX

endles123 (35)in #exchange • 6 years ago (edited)

INTRODUCTION

A digital money (or digital currency) is computerized resource intended to function as a mode of trade that utilizes solid cryptography to anchor monetary exchanges, control the making of extra units, and check the exchange of advantages.

Digital money exchanging can be to a great degree productive – in the event that you comprehend what you 're doing. Give me a chance to begin with the two catchphrases decentralized and concentrated , decentralized trade is a trade advertise that does not depend on an outsider administration to hold the client's assets.

ChaoEX is a digital exchange that is based in China, with a wide variety of cryptographic tools of the globe provides low-cost operations in a wide range of digital currencies on the eastern side of the world.

CHAOEX was founded by UNIQUE Network Technology (Hong Kong) Co.Ltd., invested and controlled by Mr. Jin Jingguo, the legal person of XYHJ Network Technology (Hong Kong) Co., Ltd., which is a blockchain asset transaction service platform for global traders. CHAOEX head office is in Hong Kong, China, aggregating high-quality blockchain assets around the world. Currently, it has opened three major trading zones, providing dozens of digital products trading services. Transaction is available in Chinese traditional and English. CHAOEX is committed to build blockchain assets transaction platform with the best quality for global users.

CHAOEX platform began to be developed from early June 2017, and ended testing period in August. CHAOEX launched its trial operation to global users on September 20th, 2017. At present, more than 70 members work in CHAOEX team. CHAOEX platform service has been continuously improved, and its good user experience and customer service are widely recognized. CHAOEX platform 2.0 release conference was held in Hong Kong on June 28, 2018. According to the professional evaluating team, valuation of CHAOEX platform no less than RMB 500 million.

CHAOEX head office is located in Hailian Building, 221–226 Gloucester Road, Causeway Bay, Hong Kong, China, establishing a marketing team which provides service in English, French, Korean and Russian. The team will actively implement the developmental concept of the blockchain to promote the global development of blockchain technology.

FEATURES OF THE CHAOEX PLATFORM H
Briefly discussed below are the good and unique features of this new platform, CHAOEX:

ChaoEX Fees: This I divided into two part as seen below;

a. ChaoEX Trading fees:

The one thing we can’t stress enough is that you must always ascertain the trading fees at any exchange you are interested in. ChaoEX does not charge different fees between takers and makers. Usually, you say that such exchanges’ trading fees are flat. ChaoEX offers a flat trading fee of 0.10%. ChaoEX does accordingly not care about whether you are a taker or a maker. For investors who prefer to pick-up existing orders from the order book, this might be an attractive trading fee model.

b. ChaoEX Withdrawal fees:

Many exchanges have competitive trading fees but then hit you on the way out with their withdrawal fees. Let’s say you have reached your investment goals and you are looking to buy house with bitcoin. In order to buy that house, you need to withdraw the funds. And when doing so, the exchange can make up for its low trading fees by charging you high withdrawal fees when you’re halfway out the door.

ChaoEX charges a withdrawal fee amounting to 0.50% when you withdraw cryptocurrencies. This is an unusual withdrawal fee model. Most exchanges have a fixed withdrawal fee, regardless of the size of the withdrawn amount. With the fee model that ChaoEX exchange has, when you withdraw small amounts, it is beneficial to you. If you withdraw 0.01 BTC, the withdrawal fee becomes 0.00005 BTC (extremely low).

Deposit Methods:

ChaoEX does not accept any other deposit method than cryptocurrencies, so new crypto investors are actually restricted from trading at ChaoEX. If you don’t have any crypto but wants to start trading at ChaoEx, you will first have to purchase cryptocurrencies from another exchange first and then, as a second step, deposit them at ChaoEX.