Bitfinex HFT vs BingX HFT


Hashflow is an inter-operable decentralized exchange (DEX) that guarantees zero-slippage and protects against MEV (Miner Extractable Value).

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What is Hashflow (HFT)?

Hashflow is an inter-operable decentralized exchange (DEX) that guarantees zero-slippage and protects against MEV (Miner Extractable Value). It offers commission-free trading and executes price quotes at their displayed prices, allowing for smooth cross-chain trading without the need for bridges or synthetic assets.

 

How does Hashflow work?

Hashflow is designed to provide a seamless cross-chain trading experience to users. With its innovative platform, users can exchange assets without the need for external bridges. The platform also ensures protection from slippage and miner extractable value (MEV) exploits during trades, whether they take place on one chain or multiple chains.

 

Hashflow leverages a hybrid on-chain/off-chain Request for Quote (RFQ) engine to fetch quotes from market makers. These quotes are signed by market makers, and remain unchanged for the duration of the trade, providing guaranteed prices that cannot be manipulated by MEV bots. This ensures a secure and transparent trading experience for users.

 

In addition, Hashflow protects users from slippage that can occur from cross-chain MEV. The platform takes into account any price movements that may occur between the time the transaction is validated on the source chain and the payload is transmitted to the destination chain, ensuring that users are protected from slippage caused by such movements. This makes Hashflow an attractive option for users looking for a secure, seamless, and reliable cross-chain trading experience.

 

What is the HFT token?

The HFT token serves as the official currency for both the Hashflow protocol and the Hashverse. The Hashverse is a gamified platform for governing Hashflow and staking HFT tokens provides users with access to a range of features within the Hashflow ecosystem.

 

Buying Hashflow on Bitfinex vs BingX

 

Trading Fees

Cryptocurrency exchanges serve as a platform for trading digital assets, similar to stock exchanges. One of the factors to consider when choosing an exchange is their fee structure, which is often tiered based on a user's 30-day trading volume.

 

Fees for cryptocurrency trading can vary greatly between exchanges. Some exchanges charge a flat fee for all trades, while others charge a percentage of the trade amount. Some platforms offer discounts for memberships or large trading volumes.

 

Bitfinex charges 0.1% for makers and takers on most trades, but offers discounts for users who hold the exchange's native token (LEO) or for large volumes. On the other hand, BinanceX has lower fees, with maker and taker fees as low as 0.075% on most trades.

 

Please see the table below for a quick overview:

 

 

It is important to be aware that these fees are subject to change and it is advisable to check the current fee schedule of the exchange before using it. Comparing fees can help you find the most competitive rates.

 

Services and Features Offered

Bitfinex is a digital asset trading platform established in 2012. It provides trading services for various cryptocurrencies, such as Bitcoin, Ethereum, and others. The platform boasts advanced trading features, such as margin trading and liquidity swaps, and is well-regarded by some in the cryptocurrency community. However, it has faced controversy in the past, including a 2018 investigation by the New York Attorney General over the loss of $850 million in customer funds.

 

BingX, on the other hand, is an international digital financial institution offering services in regions like North America, Canada, the EU, Hong Kong, and Taiwan. Its services include lending, borrowing, staking, and buying and selling of cryptocurrencies. Additionally, BingX offers a referral program, a trading competition, and a copy trading feature which allows users to follow the trades of experienced traders.

 

Ultimately, the best option between Bitfinex and BingX will depend on the user's needs and preferences. It's crucial to conduct thorough research on both platforms and consult with financial advisors before making any investment decisions.

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