Alternative Exchanges to Binance & Bittrex?!?! Blockport vs. Capdax

Hey guys, I’m Angelo & welcome back to Crypto
Coin Consultants. Binance & Bittrex are some of the most well-known,
widely-used platforms for trading crypto…but are there better options for you to use? Let’s take a look. 4. Binance
Binance is growing at an exponentially fast rate & holds the second largest amount of
trading volume according to (second only to Upbit, which is accessible
exclusively to South Korean citizens). Binance is purely an exchange, whose distinctive
features include a basic & advanced user interface for both beginner & more experienced traders
to use. One thing that sets them apart from most of
their competition is their native coin, the BNB token. Binance currently charges a 0.1% fee on all
trades. But holding the BNB token allows you to get
a 50% discount on these fees if you choose to pay them with your BNB tokens; thus reducing
the trading fees to only 0.05%. They also offer a nice referral program. For every friend you sign up using your custom
referral link, they’ll give you back 20% of your friend’s trading fees. Unfortunately, this commission percentage
was formerly 50%, and the percentage is subject to change over time based on Binance’s whim. The one downside behind this is that these
discounts halve every year for five years (from when Binance first opened its doors
for live trading), at which point there will be a 0% discount. What people fail to realize is that this is
an extremely unsustainable token model, because five years after Binance went live–which
will be in July of 2022–the tokens will have no utility value & will be rendered obsolete. What they plan on doing at this point we’ve
yet to find out. 3. Bittrex
Bittrex is similar to Binance, but its user interface isn’t as smooth to use. In addition, they charge a higher trading
fee at 0.25% with neither a discount opportunity like Binance, nor a referral program. One thing Bittrex has going for it is that
it offers a lot of coins you won’t find on many other exchanges at high trading volumes. Some coins that you can’t find on Binance
might be available for you on Bittrex and vice-versa. Another strong aspect of Bittrex–and Binance
as well for that matter–is that they were both early to step into the game & therefore
have the network effect working in their favor. Their already-large user bases are growing
at exponential rates compared to other exchanges thanks to word-of-mouth and coin selection,
the latter of which is growing more & more as newer coins are constantly being added. 2. Blockport & Capdax
Enter Blockport & Capdax. These two interesting, up-and-coming contenders
have made it clear that they’ve taken a close look at both Bittrex & Binance, and
that their goal is to learn from the irreversible mistakes those two have made. I truly believe they’ll be offering much
better & more innovative products that, in my opinion, are revolutionary in the crypto-trading
world. Let’s start with Blockport, whose ICO recently
ended on January 24th, 2018. In Blockport’s token explanation, they’re
attempting to create a micro-economy in which members can pay other members for copying
their crypto portfolio. The payment is made in the form of BPT (Blockport’s
native token). 90% of the fee goes to the portfolio-sharing
member, while the remaining 10% goes back to Blockport itself for facilitating the social
trade. Users get discounts on both trades & portfolio-sharing
if they opt to pay their fees using the BPT token, similar to Binance. Now let’s take a look at Capdax. Capdax’s public crowdsale runs from February
17th, 2018 till March 17th, 2018, and they’ve already sold $9.5 million during their private
pre-sale. If you’re an experienced trader, you may
already know that Binance is one of the most top-of-the-line exchanges currently available. Capdax strives to be that, but with even more
added features. Their tokens, like Binance, will be used to
pay for trading fees. This is really promising because if you look
back at the prices of Binance & even KuCoin, you’ll see that historically, tokens providing
this utility function have shown a clearcut uptrend in the token’s price; all due to
a high demand that generates an upward pressure on the price. Their social feature resembles that of Blockport
with their follower/leader system. As a “follower,” you can mimic your portfolio
& trades with that of anyone you so choose, the “leader.” Profitable & experienced traders are incentivized
to build a bigger following due to the fact that they’ll collect a portion of their
followers’ trading fees. Which is better? What makes Blockport & Capdax so similar is
that they both offer a social feature never-before-seen in the crypto trading world, which I truly
believe will be a game-changer. Blockport plans on rolling out a fiat integration
feature in 2019. Although this initially sounds really appealing,
what most people fail to realize is that doing so automatically places the exchange under
the umbrella of a completely different set of government regulations. In my mind, this seems like a bit of an over-optimistic
undertaking. But those of you who are familiar with TradingView
or Coinigy might like the fact that they’re including an API integration for other platforms
like Bittrex & Binance so that all your trades on all the other exchanges can be centrally
controlled by you on the Blockport platform. How they plan on making this work in real
time–and whether or not their proposed social features can be implemented on third party
exchanges like Bittrex–I’ve yet to figure out. Another important factor for Blockport is
that by 2019, they hope to release the third version of their platform that provides private
keys for your wallet. This means more security & more control of
your funds. Capdax, on the other hand, aims to change
the game by providing premium customer support (in addition to the other benefits I mentioned
earlier). Unanswered tickets & lack of support is a
continuously growing problem in the trading exchange space, and Capdax intends to offer
around-the-clock support by real people (referring to their customer support as “easily scalable”
in their white paper). A quick look into both Blockport’s & Capdax’s
Telegram groups show that a lot of Blockport’s questions are left unanswered. Although this is currently not an issue for
Capdax, the question remains on whether or not they’ll be able to keep up with their
premium support feature once their user base grows into the millions. Blockport’s token utility differs pretty
significantly from that of Capdax. Capdax’s primary token functions are for
use in trading fees, whereas Blockport’s token function is solely for their portfolio-sharing
feature. Capdax is introducing an innovative feature
too for those who want to opt out of paying for fees using their Capdax holdings. By choosing not to deduct the fee payment
out of your holdings, you’ll automatically trigger a market buy order for the necessary
amount of Capdax tokens using the base currency. In my opinion, this feature will cause an
upward pressure of the token price as I’ve said before. Lastly, I’d like to touch on the team. Capdax is being spearheaded by two VERY well-known
names in the crypto-space whose successes speak for themselves: I’m talking about
Saber Aria & Aaron Bichler. Their experience, plus extremely extensive
connections in the crypto world, makes me firmly believe that the exchange will definitely
be used by the masses & that their goals & proposed features are very much attainable. In addition, they have a stacked advisory
board. Armed with former members of MySQL, along
with Red Pulse CEO & founder Jonathan Ha, which was the first ever ICO launched on the
NEO platform, Capdax has made it clear that their execution will be on a much higher level
than that of Blockport & most other ICOs. The team as a whole is seasoned in building
big companies & launching them to the point of success. All in all, if I had to choose between one
of the two, I’d choose Capdax for all of the reasons I’ve just mentioned in this
video, with the token utility, team, & customer support features being the decisive, unique
factors. But that doesn’t mean I’m counting Blockport
out. If they’re able to deliver on all of their
optimistic promises then their product will match up extremely well against ANY exchange! If you’d like to learn more about any of
the exchanges I talked about in this video, feel free to check out the links in the description

8 thoughts on “Alternative Exchanges to Binance & Bittrex?!?! Blockport vs. Capdax”

  1. BLOCKPORT если хотите получить бесплатные токены то пройдите по ссылке и регистрируйтесь можете получить от 100 до 5000 токенов .ссылка

Leave a Reply

Your email address will not be published. Required fields are marked *