Recently, it has grown in popularity due to low trading fees (0.1%) and easy to use interface offering up to 100x leverage on top crypto assets.
To assist traders in understanding the SnapEx platform and whether or not it is an ideal choice over the rest of the sea of competition out there, we’ve prepared this review.
About SnapEx
SnapEx is a crypto margin trading platform founded in 2018 and headquartered in Singapore.
The platform offers crypto traders exposure to a variety of crypto-asset derivative contracts using up to 100x leverage. This comes with providing the users the ability to profit from whichever direction the cryptocurrency market turns next through long and short positions.
Bull market, bear market, or even a sideways trading range, SnapEx arms traders with an arsenal of trading tools to keep success rates high and risk to a minimum – all while maximizing profit margins with leverage.
The platform’s latest update permanently discounted trading fees by 30% across all trading instruments listed on SnapEx to just 0.1%, putting even more profits in the pockets of traders.
This came alongside a new and refreshed website look. A new blog and competition sections (where users can earn USDT) were also added.
SnapEx also lets users reduce fees further through exchanging SNAP points earned by completing daily check-ins, trading, and other tasks. Each trade even earns users some SNAP.
Any exchanged USDT can be utilized as a margin for up to 100x leverage or can be withdrawn to an external wallet.
Unlike other crypto platforms, SNAP tokens aren’t additional crypto tokens, they are simply reward points awarded to users that offer various incentives.
Deposits and Withdrawals
The minimum deposit to get started trading on SnapEx is just 5 USDT.
All deposits and withdrawals on the platform occur in real-time and are fully transparent.
Cryptocurrencies can be deposited from an external crypto wallet address, or a credit or debit card can be used to purchase crypto for trading. In select countries, SnapEx even offers an OTC purchase service.
SnapEx supports deposits in BTC, ETH, and USDT. However, any crypto-asset deposited or purchased is instantly converted into USDT for trading. USDT is the main base currency in all SnapEx trading pairs.
USDT stored in the SnapEx wallet can be withdrawn to an external wallet at any time, but users must first select from the omni-layer USDT or ERC20 USDT before sending.
Trading Instruments
SnapEx offers contracts for the most popular crypto-assets paired with USDT as the base currency. This gives exchange rates and crypto pricing more parity with the dollar but allows for the flexibility that USDT provides over fiat money.
All crypto trading pairs can be traded with flexible leverage depending on risk appetite and level of thrill-seeking, ranging from 10x, 25x, 50x, and 100x across both long and short positions. Minimum margin requirements start at 5 USDT and max out at 20,000 USDT.
Crypto assets paired with USDT include:
Bitcoin (BTC)
Ethereum (ETH)
Litecoin (LTC)
Ripple (XRP)
EOS (EOS)
Cardano (ADA)
Bitcoin Cash (BCH)
Ethereum Classic (ETC)
Regulations and Supported Countries
Despite rapid growth and surging interest, the cryptocurrency market is still unregulated. But that doesn’t stop the crypto derivatives platform from respecting and adhering to global regulatory compliance orders and being an upstanding member of the financial community.
Therefore, SnapEx doesn’t accept users from the USA, Hong Kong, Singapore, Malaysia, and China. Over 36 countries, however, are supported, including:
Vietnam
Korea
Indonesia
Japan
Philippines
Canada
Malaysia
Turkey
India
Australia
Germany
Thailand
Taiwan
Russia
New Zealand
Ukraine
Brunei
Saudi Arabia
France
Poland
United Kingdom
Holland
Portugal
Israel
Pakistan
Singapore
Cambodia
Macao
Laos
Azerbaijan
Czechia
Moldova
Finland
United States
Kazakhstan
Ghana
Community Presence
A reliable and trustworthy platform always has a strong community and large social media footprint.
SnapEx shows all signs of being a trusted, reliable platform with a presence on every platform be it Facebook, Twitter, Instagram, LinkedIn, and YouTube.
Additionally, the platform has a super-active community on Telegram. Admins are available round the clock, seven days a week, and are ready to resolve any query or any issue that users may have.
SnapEx Affiliate Program
SnapEx offers the best affiliate program in the crypto space, with 50% commissions on direct referrals, and another 10% on indirect referrals driven by the first batch of users brought in.
Influencers, affiliate marketers, bloggers, YouTubers, and more are all eligible for exclusive offers to attract users and market materials to help with reach and visibility.
Combined, SnapEx users who have joined the affiliate marketing program have collectively earned over $350,000 worth of USDT tokens. Individual top earners top over 125,000 USDT themselves, highlighting just how lucrative the program can be.
Conclusion: Is SnapEx Worth Signing Up For?
Finding a crypto derivatives platform with low fees and offering a large variety of crypto contracts at up to 100x leverage is like finding a diamond in the rough.
Especially when it provides an opportunity to offset trading fees through reward points. SnapEx users can earn up to 100 USDT worth of SNAP points by completing simple tasks. These points can then be used to avail decent rebates on trade fees.
SnapEx’s host of cutting edge trading tools and features and the low minimum starting point at just 5 USDT makes registering for a free trading account a no brainer and a breeze.
Visit SnapEx today to register for a free account.