Kraken HFT vs BingX HFT

What is Hashflow (HFT)?
Hashflow is a decentralized exchange designed to provide smooth interoperability and
eliminate the effects of slippage and MEV on trades. The platform operates without trading
fees and ensures that all prices displayed are executed as stated. It also enables native
cross-chain trading, eliminating the need for intermediaries like bridges or synthetic assets,
and guaranteeing accurate price execution during multi-chain trades.
How does Hashflow work?
Hashflow offers a seamless and secure way to exchange assets across blockchain networks
without the need for token bridges. The platform provides protection against slippage and
miner extractable value (MEV) exploits in all trades, whether they take place on one chain or
across multiple chains.
Hashflow uses a combination of on-chain and off-chain Request for Quote (RFQ) engines to
access quotes from market makers who manage liquidity in on-chain pools. Market makers
are required to cryptographically sign quotes, which remain constant throughout each trade,
ensuring that users receive guaranteed, tamper-proof prices.
In addition, Hashflow protects against slippage caused by cross-chain MEV by ensuring that
prices remain consistent from the time a transaction is validated on the source chain to when
it is relayed to the destination chain.
What is the HFT token?
HFT is the designated cryptocurrency for the Hashflow protocol and its gamified governance
platform, the Hashverse. Staking HFT provides users with access to unique perks and
benefits within the Hashflow ecosystem.
Buying Hashflow on Kraken vs BingX
Trading Fees
Cryptocurrency trading is done on exchanges that are similar to stock exchanges, but
exclusively for cryptocurrencies. Exchanges typically have tiered fee structures that depend
on a trader's 30-day trading volume, so it is important to understand these fees to maximize
profits.
Fees for cryptocurrency trading on exchanges can differ greatly among platforms. Some
exchanges have a flat fee for all trades, while others charge a percentage of the trade
amount, and some even offer discounts for memberships or high trading volumes.
Kraken has a maker fee of 0.16% and a taker fee of 0.26% for most trades, with discounts
offered for holders of the exchange's native token (XBT) or those who trade in high volumes.
BingX, on the other hand, charges a maker fee and a taker fee of 0.075% for most trades.

Fees are subject to change, so it's important to check the current fee schedule before trading
on an exchange.
Services and Features Offered
Kraken and BingX both offer services for buying cryptocurrencies, with Kraken focusing on a
low trading fee and BingX offering a range of financial services.
Kraken has a trading volume of over 1 billion USD and supports the exchange of 49
cryptocurrencies with a lower fee of 0.26% compared to Coinbase's 3.66%. Despite this, it
has faced criticism for slower customer support and market pin issues. Negative reviews
often stem from its required account verification to comply with US laws. Designed for
traders without experience, Kraken offers a maximum leverage of 5X for margin trading.
BingX, on the other hand, is an international digital financial institution operating in countries
like North America, Canada, the EU, Hong Kong, and Taiwan. It offers financial services like
lending, borrowing, staking, and buying and selling of cryptocurrencies. It also has a referral
program, trading competition, and copy trading feature to help new or time-strapped users.
In conclusion, the best option between Kraken and BingX depends on the user's specific
needs and preferences, and it's essential to research both platforms thoroughly and seek
advice from financial advisors before making investment decisions.