ZedXe Exchange has revamped its referral program to give more rewards to users. With our referral program, we aim to benefit you and your referrals (who can be your friends, family, or anyone to whom you refer the ZedXe Exchange) from joining our ZedXe platform.
What is ZedXe Referral Program?
The ZedXe referral program allows you to earn referral bonus by inviting your friends (referrals) to join and trade on the platform. Our program distributes 50% of the trading fees earned from your referrals in three levels. The breakdown of 50% referral bonus is as follows:
- First level – 25%
- Second level – 15%
- Third level – 10%
For example, you refer ZedXe Exchange to one of your friends, John. John trades BTC against the ZFL token and pays 0.05 BTC as the trading fee. ZedXe will distribute 50% of the trading fee earned from John in three levels. Since John is your first-level referral, you get 25% of 0.05 BTC, which is 0.0125 BTC. Similarly, if John refers the ZedXe Exchange to Alice, she becomes your second-level referral. If Alice pays 0.5 BTC as the trading fee, you get 15% of 0.5 BTC. Furthermore, if Alice refers the ZedXe Exchange to Bob, he becomes your third-level referral. If Bob pays 1 BTC as the trading fee, you earn 10% of 1 BTC.
ZedXe Exchange offers a 0.1% trading fee for crypto assets traded against the ZFL token. However, the trading fee is 0.2% for non-ZFL trading pairs.
How can you join the ZedXe Referral Program?
Simply follow three easy steps and you can earn yourself a lucrative referral bonus.
Sign up for a free account. Regardless of whether or not you trade on ZedXe, you qualify to earn a referral bonus as soon as your referrals start trading on the platform.
Copy your unique referral link from your account and share it with your friends, family, or anyone in your network.
Get rewarded with a predefined percentage of your referrals’ trading fees up to three levels.
Ready to join ZedXe or want to leverage our lucrative referral program? Sign up now!
Trading cryptocurrencies is a little different than trading other assets such as commodities or stocks. While most trading operations are akin to one another, and even indicators can be reused, there is one metric i.e. trading pairs that differ crypto trading from stock trading.
Cryptocurrencies are usually traded against other cryptocurrencies, and if you are not well-versed in trading pairs, then this article will help you to garner in-depth knowledge of this key element of crypto trading.
What is a cryptocurrency trading pair?
The term “trading pairs” describes a trade between two different cryptocurrencies. In most cases, people use BTC to trade against another cryptocurrency on a digital asset/bitcoin trading platform, but there are many other pairs that you can leverage.
How do trading pairs work?
Trading pairs come in handy to establish the value of a cryptocurrency when it is traded against another cryptocurrency. It generally works by comparing the value of an asset for another. Let’s understand this phenomenon with a simple example:
Suppose, there is a guy named Eric who possesses one BTC and wants to purchase Ethereum. He signs up on a digital asset exchange platform and navigates towards the ETH/BTC trading pair. The exchange then displays the current value of Ethereum and if Eric agrees to its price, he places an order to sell half of his BTC for ETH.
ERIC was able to execute this trade because he already owned bitcoin, which was a base trading pair. If he had XRP instead of BTC but there is no trading pair on the exchange for XRP, then his trade would look different. So, make sure to choose the best crypto exchange that offers every kind of crypto trading pair to facilitate quick trading.
What is the difference between crypto trading pairs?
Though there are various trading pairs on an exchange which works the same way, you must be aware that the value for each pairing could be much different. This is because every pairing has its own bids and asks, and depending on demand, you could pay a premium with these pairs, or maybe get a good deal upon fulfilling a demand. Besides, if you trade using BTC, there are more chances to gain profits.
How to choose a crypto trading pair?
Always make sure to choose a trading pair by taking the current trading volume into consideration in order to reap benefits. If a pair has a low trading volume, then you could have to wait for a long time to find the perfect match. So, count on a trading pair which has a high trading volume to make a good deal in a couple of seconds.
Trading pairs base currency
The base currency is one that is deemed as a common trading pair on a cryptocoin exchange. In most cases, base currency typically comprises BTC and ETH as they are the most popular cryptocurrencies one could invest in. However, some exchanges also offer their own base currencies. This could include ZedXe’s ZFL, which is its own native token.
Different exchanges accept different base currencies. You can check the base currency pairs available on an exchange to find a perfect pair for you.
Correlation between cryptocurrency trading pairs
Some crypto trading pairs have a certain value correlation where they follow each other. Since Bitcoin has gained the most momentum in the crypto market, many pairs tend to follow this maiden currency, but sometimes there is a certain deviation. This can only be true if you are using an exchange or a pairing having low trader count. In this scenario, all the demands can be fulfilled within bitcoin base currency, which in turn, lowers the liquidity of other pairings.
Cryptocurrencies are rapidly gaining mass adoption as they offer enormous benefits to new and experienced traders. But it is paramount to invest in a cryptocurrency having high liquidity and choose the best trading pair to harness the potential of the cryptocoin market.
Like liquidity, trading volume is also an imperative metric for the success of an exchange. It is basically a measure of the amount of a cryptocurrency that has been traded in the last 24 hours. From volume, users can infer the movements and direction of a cryptocurrency. An asset with frequent heavy movements won’t gain traction even if it has a high trading volume. Conversely, if a crypto has less volume but experiences heavy trading in the last 24 hours, it signifies that there is some support behind the transactions of this currency.
Though trading volume is a crucial parameter in the crypto sphere, there are ample factors that can impact this parameter impeccably. Some of the key factors are:
Proper regulations are vital for a cryptocurrency to make a statement in the market. Different nations have different perceptions of digital assets. While some have taken necessary steps to regulate them, others have brought forth stricter regulations or forged ahead to ban their use. The decisions made by the governments regarding the regulation of the cryptocurrencies impact greatly on their trading. If regulations support the digital currencies, their prices tend to escalate and trading volume experiences an elevation. However, if strict regulations are introduced or their trading is banned, their prices drop, leading to a decline in the trading volume.
The value and trading volume of a cryptocurrency is determined by its usability. A digital currency that has the potential to solve real-world problems are deemed to have higher value and consequently, shines in the market. For example, Bitcoin, the founding father of the cryptocurrencies, is a solution of the double-spending problem, a barrier, technocrats had been striving to overcome since two decades by making digital money a reality. Bitcoin adopted a peer-to-peer decentralized timestamp server to create a computational proof of the sequential transactions to overcome this issue. There are many other reasons behind the more usability of Bitcoin, which in turn, has increased its market price as well as trading volume. Besides, as per the Joseph Oreste perspective, who is the founder and CEO of Qupon, regulations and usability are the major factors to foster the trading volume of the digital assets in a cryptocoin exchange.
The supply and demand of cryptocurrencies also immensely impact their trading volume on a digital asset exchange platform. If a cryptocurrency is in high supply but low demand, its value is more likely to dwindle. Similarly, if it is in high demand but low supply, its value will increase. This is especially applicable for Bitcoin whose trading volume is strongly linked with its demand and supply.
These are the key factors that can affect the trading volume of the cryptocurrency in the exchange. So, always make sure to list the assets in your online coin trading platform that are completely regulated or have already disrupted the crypto market.