How to choose an exchange in Hamster Kombat: 5 best options for crypto exchanges for a hamster clicker game
In Hamster Kombat, your choice of exchange does not directly affect gameplay, but it can affect your profits in the long run. When choosing an exchange, it is important to consider the following factors:
- Fees: Exchanges charge different fees for trading, withdrawals, and other transactions.
- Trading Volume: The higher the trading volume on an exchange, the higher the liquidity and the less slippage.
- Currency support: Not all exchanges support all currencies available in Hamster Kombat.
- Security: The reputation and security measures of the exchange are of great importance.
- Additional Features: Some exchanges offer additional features such as margin trading or staking.
In my opinion, the key point in this choice is SECURITY. Considering all these factors, I recommend that you consider the following 5 exchanges:
1. Binance
Binance is the largest cryptocurrency exchange in the world, with high trading volume, low fees, and a wide range of supported currencies.
Overall, it is the largest and most reputable cryptocurrency exchange in the world. No wonder it is number 1 on the list. But there are also some disadvantages. Binance is not regulated in some jurisdictions and has had security issues in the past.
Binance is not regulated in some jurisdictions
Binance is not licensed or registered as regulated as of May 23, 2024 crypto broker in the following jurisdictions:
- USA: Binance is not licensed by the US Securities and Exchange Commission (SEC).
- Canada: Binance is not registered with the Canadian Securities and Exchange Commission Ontario Securities Commission (OSC).
- Japan: Binance is not licensed by the Financial Services Authority (FSA) of Japan.
- Singapore: Binance is not licensed by the Money Market Authority Singapore (MAS).
- UK: Binance is not registered with the UK FCA.
- European Union: Binance is not licensed by the European Securities and Markets Authority (ESMA).
This means that Binance is not subject to regulatory requirements in these jurisdictions.
You should be aware of this when using Binance, as it may affect:
- Level of protection for your funds: If you have problems with Binance, you may have a harder time getting help from regulators.
- Service Availability: Binance may be forced to limit or discontinue its services in these jurisdictions
- Tax Liabilities: You may be required to independently monitor and declare your tax liabilities associated with your use of Binance.
It is important to note that this list is not exhaustive and the regulatory situation varies The cryptocurrency space is constantly changing.
Past security Issues
Binance has had security issues in its history:
Hacks
In 2019 Binance suffered a hacker attack that resulted in the theft of 7,000 bitcoins. In 2021, Binance was again subject to a hacker attack, which resulted in the theft of several million dollars in cryptocurrency.
Technical glitches
In 2020, Binance was unavailable for some time due to technical glitches. In 2021, Binance again experienced technical problems that led to delays and trade cancellations.
2. ByBit
Pros: ByBit is a popular exchange with low commissions and support for margin trading.
Cons: ByBit is not regulated and does not offer such a wide selection of currencies, like Binance. For example, Binance has 600+ currency pairs, while ByBit has “only” 150+. However, if you are looking for a simpler platform with low fees, then ByBit may be a better option.
By the way, there is currently a promotion: you can register on Bybit, get exclusive rewards and a bonus of up to $6,045. Bybit also asked to inform you about additional welcome gifts up to $1025. They can be obtained after completing the necessary stages on this crypto exchange.
Here is my referral link for registration on ByBit, feel free to click!
3. OKX
Pros: OKX is another popular exchange with low commissions and support for margin trading.
Cons: OKX is not regulated and is not available in some countries:
- USA: US citizens cannot open accounts with OKX.
- China: OKX is banned in China.
- Japan: OKX is not licensed by the Financial Services Agency of Japan.
- Canada: OKX is not registered with the Canadian Securities Commission.
- Singapore: OKX is not licensed by the Money Market Authority of Singapore.
This means that residents of these countries will not be able to use OKX to buy or sell cryptocurrencies.
4. BingX
Pros: BingX is a relatively new exchange that is growing quickly and offers competitive fees.
Cons: BingX is not regulated and has lower trading volume than other exchanges on this list. This may mean that:
- The liquidity of some currency pairs may be low.
- The spread (the difference between the bid and ask price) may be wider.
- You may experience difficulty executing your orders.
It is important to note, however, that trading volume is not always an accurate indicator of the reliability or quality of an exchange.
Some exchanges with lower trading volume may offer more competitive fees or other benefits.
For example, BingX has lower fees overall than ByBit. The spot market transaction fee on BingX is 0.01% and on ByBit it is 0.02%. Futures fees are also lower on BingX.
BingX also offers a wider selection of trading pairs than ByBit. Today, more than 300 trading pairs are available on BingX, including cryptocurrency, fiat currencies and commodities.
If you like this exchange, here is registration link on BingX.
5. Huobi
Pros: Huobi is a large exchange with high trading volume and a wide range of supported currencies.
Cons: Huobi is not regulated in some jurisdictions and has had security issues in the past.
Besides these 5 exchanges, there are many other options. I'm just asking: make a decision slowly, carefully, having studied 2-3 independent sources of information beforehand.
And remember: you can choose another exchange at any time! To do this, if you have already chosen an exchange in Hamster, tap on its name in the upper right corner of the screen. The settings menu will open, and there will be an item “Select exchange”.
If you do not yet have an account in Hamster Kombat, register via my referral link. You'll get 5000 coins for a start and my eternal respect.
OK folks, tomorrow's card combo is 3 p.m. Moscow time, save money for tricky cards and refresh my blog: I usually post open card combo within 10 minutes after start. All the best!
P.S. I published two guides on upgrading cards in Hamster Kombat: my personal top-21 and one from Yoshkin the cat.
Read, count and upgrade your accounts. Judging by the global hype, the airdrop and listing of Hamster are inevitable.
And for withdrawing game tokens to USDT (in the near future), and from USDT to a bank card, I recommend the ByBit exchange. By the way, there is now a promotion: you can register on ByBit, get exclusive rewards and a bonus of up to $6,045.
ByBit also asked to inform you of additional welcome gifts up to $1025. They can be obtained after completing the necessary stages - verification and minimum deposit - on this crypto exchange.
Here is my referral link for you guys to register on ByBit, feel free to click!
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