What is Hashflow (HFT)?Hashflow is an interoperable DEX designed to deliver zero slippage and MEV-protected trades. With commission-free trades and price quotes executed at their displayed prices, it offers seamless cross-chain trading without the use of bridges or synthetic assets.
How does Hashflow work?Hashflow offers a seamless way for users to exchange assets across multiple chains without the need for external bridges. The platform offers protection from both slippage and miner extractable value (MEV) exploits during trades, regardless of whether they take place on one chain or multiple chains.
The platform utilizes a hybrid on-chain/off-chain Request for Quote (RFQ) engine that fetches off-chain quotes from market makers who manage liquidity in on-chain pools. The quotes are cryptographically signed by market makers and remain unchanged for the duration of the trade, ensuring guaranteed prices that cannot be manipulated by MEV bots.
Hashflow also protects users from slippage caused by cross-chain MEV that can occur if there is significant price movement between the time the transaction is validated on the source chain and the payload is transmitted to the destination chain.
What is the HFT token?HFT is the official token of both the Hashflow protocol and the Hashverse, which is a gamified governance platform for Hashflow. By staking HFT, users can gain access to various features within the Hashflow ecosystem.
Buying Hashflow on Kraken vs BingX
Trading FeesCryptocurrency trading takes place on exchanges similar to stock exchanges, but only for cryptocurrencies. Exchanges usually have a tiered fee structure based on a user's 30-day trading volume. Understanding these fees is crucial for maximizing profits.
Exchange fees for cryptocurrency can vary greatly between platforms. Some charge a flat fee for all trades, others a percentage of the trade amount, and some offer discounts for memberships or large volumes.
Kraken charges 0.16% for makers and 0.26% for takers on most trades, with discounts available for users who hold the exchange's native token (XBT) or who trade large volumes. BingX charges a 0.075% maker fee and 0.075% taker fee for most trades.
See the table below for a summary:
| Exchange/ Fees | Kraken | BingX |
| Maker Fee | 0.16% | 0.075% |
| Taker Fee | 0.26% | 0.075% |
It's important to note that these fees are just examples and can change over time. Be sure to check the current fee schedule for the exchange you're considering using. It's also a good idea to compare fees across different exchanges to find the one that offers the most competitive rates.
Services and Features OfferedKraken is an alternative to Gemini for buying bitcoin with fiat currency and has a 24-hour trading volume of over 1 billion USD. It supports the free exchange of 49 cryptocurrencies and has a lower trading fee of 0.26% compared to Coinbase's 3.66%. However, it has slower customer support and a history of market pin issues. Negative reviews are often related to account verification, which is required to comply with US laws. Kraken is designed for traders without crypto trading experience and skills and offers a maximum leverage of 5X for margin trading.
On the other hand, BingX is an international digital financial institution that offers services in various countries like North America, Canada, the EU, Hong Kong and Taiwan. BingX offers financial services such as lending, borrowing, staking, and buying and selling of cryptocurrencies. They have a referral program, a trading competition, and a copy trading feature which enables users who don't have the luxury of time or are new to crypto to choose their trader of choice and follow their trade(s).
In summary, both Kraken and BingX are slightly different in terms of services and features, and the best option will depend on the user's needs and preferences. It is essential to research both platforms thoroughly and consult with financial advisors before making any investment decisions.