Fairdesk Crypto Exchange Review 2023 : Pros & Cons

What Is Crypto Exchange ?

An online marketplace that makes it easy to purchase, sell, and trade different cryptocurrencies is known as a cryptocurrency exchange. Similar to how stocks are traded on traditional stock exchanges, a cryptocurrency exchange acts as a market place where individuals and institutions can swap one cryptocurrency for another or for fiat money (traditionally issued money by governments like the US Dollar, Euro, etc.).

Especially for security and regulatory compliance purposes, users must create accounts on the exchange by submitting personal information and going through identification verification procedures.

Users can fund their exchange accounts with fiat currency or bitcoins. The various cryptocurrencies offered on the platform can then be traded using these money. Users can make orders to purchase or sell various cryptocurrencies after funding their accounts.

Orders can be of several forms, such as market orders (performed at the price of the current market) and limit orders (done at a particular price or better). Orders to purchase and sell from different users are matched by the exchange. A trade is carried out when a buy order and a sell order match at the predetermined price.

What Is Fairdesk Crypto Exchange ?

Fairdesk Founded in 2021 , Fairdesk is a forward-looking company focusing on building trading platform in Singapore. Fairdesk is enables products likes Spot, Futures, Copy Trading and lots of interesting things to global users. Fairdesk has more than an average volume of 3M per day, and Fairdesk’s CEO has a history of excellence work at Morgan Stanley, and Fairdesk also have the MSB Financial License of Canada, USA. It has a stable trading engine without interruption, making it an advantageous exchange for trading.

Fairdesk Crypto Exchange Quick Facts

How To Register At Fairdesk Exchange?

To register on Fairdesk , click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

Fairdesk Exchange Supported Countries

Fairdesk Exchange is a cryptocurrency exchange that supports users from various countries around the world. However, the availability of services may vary depending on the location of the user.

Exceptions are the US, China, Japan and countries in the Middle East. Syria and North Korea are also countries whose nationals cannot trade on Fairdesk .

How To Verify Your Fairdesk Cryptocurrency Account ?

There is no mandatory verification at Fairdesk , but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of Free. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the Fairdesk , Revolut platforms.

How To Buy Crypto Or Deposit Crypto At Fairdesk Crypto Exchange?

There are two main options for topping up your balance on Fairdesk . Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From Fairdesk Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your Fairdesk Account ?

There are several steps you can take to help secure your Fairdesk account and protect your funds:

1. Strong Password: Create an account password that is both strong and distinct. There ought to be a balance of capital and lowercase letters, numbers, and special characters. Do not use data that can be easily guessed, such as names or birthdays.
2. Two-Factor Authentication (2FA) : Activate two-factor authentication if it is available on the platform. By requiring a second form of verification, typically a code given to your phone, in addition to your password, this offers an additional degree of protection.
3. Regular Updates: Maintain the most recent security fixes on your account software, apps, and gadgets. This holds true for the platform itself, the operating system, and any pertinent apps.
4. Phishing alert: Be wary of clicking on links in emails or messages that request your login details. Always go directly to the official website and refrain from responding to unwanted demands for critical information.
5. Use Secure Connection: Make sure you’re connecting to the platform securely and encryptedly (check the URL for “https”). When logging into confidential accounts, avoid using public Wi-Fi networks.
6. Unique Email : Use a specific email address for all of your significant internet accounts, including Fairdesk. This makes it less likely that your other accounts will be impacted if your email is compromised.
7. Be Cautious of Phishing Scams: Be wary of emails, messages, or phone calls that ask for your personal information or account details. Fairdesk will never ask you for your password or 2FA code. Always double-check the URL of the website you are logging in to and make sure it is the official Fairdesk website.
8. By taking these steps, you can help protect your Fairdesk account and reduce the risk of unauthorized access to your funds.

Fees taken when buying virtual currency

Trading Fees

Thei vision is to become the most secure, trustworthy, and cost-effective trading platform. Each trade is traceable and can be proven to be untouched after the transaction.

Trade On Go Fairdesk Is 100% Mobile Friendly

Fairdesk exchange has a mobile application that is available for both iOS and Android devices. The mobile application allows users to access the exchange’s services, including buying and selling cryptocurrencies, managing their accounts, and tracking their trading activities on the go.

The mobile app’s user-friendly interface is mobile device optimized, making it simple to use and navigate. Additionally, it offers real-time price charts, order books, and trading history so that customers can keep up with the most recent market trends and make wise trading choices.

You can search for “Fairdesk” in the App Store or Google Play Store on your device to download the Fairdesk mobile app. You may log into your Fairdesk account and start utilizing the exchange’s mobile services after downloading and installing the app.

How To Contact Fairdesk Customer Support Team?

If you need help with your Fairdesk account or have any questions, you can contact Fairdesk customer support through the following methods:

Visit Their Website: If Fairdesk has a website, you can find contact information under the “Contact Us” or “Support” sections. Search for any specified phone numbers, email addresses, or contact forms.

Search online: To find Fairdesk’s contact details, use search engines or social networking websites. These could be company-owned social media pages, email addresses for customer service, or phone numbers.

Check Documentation: If you have any correspondence or documentation from Fairdesk (such as order confirmation emails or documents), you should check it to see if any contact information is supplied.

Online directories: Fairdesk’s contact information may be available on some business directories or review websites.

Contact Partners: If Fairdesk has partnerships with other companies or services, ask if they can provide you with their contact details.

Social media: Look to see if Fairdesk has official accounts on sites like Twitter, Facebook, and LinkedIn. Companies occasionally offer customer support via these platforms.

No matter which method you choose, be sure to provide as much detail as possible about your issue or question so that Fairdesk customer support can assist you efficiently

Features Of Fairdesk Crypto Exchange

Reliability

The trading infrastructure is designed to be robust and are serious about it will compensate clients for open positions if a system outage happens.

Transparency and Trust

All trades and asset transfer records are synchronized to a blockchain-backed storage — no manipulation. Traders can view trading records in an open source browser with a secured key.

Fairness

The mark price, funding rate, and stepped liquidation process are carefully designed to limit the scale and frequency of liquidation and protect clients’ asset.

Security

All funds are stored in multi-level cold wallets; transactions are human scrutinized and signed offline.

System Performance

Our proprietary match engine can handle 450,000 orders per second, with 99.9% executed within 1 millisecond.

Staking and Yield Farming

Some exchanges give customers the chance to earn incentives by taking part in network validation or liquidity provision through staking services or yield farming chances.

Advanced Trading Tools

Advanced charting tools, technical indicators, and other features might be useful for experienced traders when making well-informed trading decisions.

Fairdesk Good Or Bad Points

Fairdesk is a cryptocurrency exchange that allows users to buy and sell various cryptocurrencies. Here are some potential good and bad points of using Fairdesk :

Good points:

1. Security: Fairdesk offers a high level of security to its users, including two-factor authentication, SSL encryption, and cold storage for the majority of users’ funds.
2. User-friendly interface: The platform is relatively easy to use, even for those new to cryptocurrency trading.
3. Wide range of cryptocurrencies: Fairdesk offers a wide range of cryptocurrencies for trading, including Bitcoin, Ethereum, Ripple, and Litecoin.
4. Availability: Fairdesk is available in over 200 countries around the world, making it accessible to a wide range of users.

Bad points:

1. Limited payment options: Fairdesk only accepts a limited number of payment options, which may make it difficult for some users to deposit funds.
2. Limited liquidity: Fairdesk has relatively low trading volume compared to other cryptocurrency exchanges, which can result in limited liquidity for some cryptocurrencies.
3. Limited customer support: Some users have reported slow response times from Fairdesk customer support team.
4. Regulatory uncertainty: Fairdesk is based in Ukraine, which has a relatively uncertain regulatory environment for cryptocurrencies.

Is Fairdesk Is Safe Platform To Trade ?

Verify that the platform is overseen by a credible financial regulator in your area. In order to protect traders, regulatory oversight can assist guarantee that the platform adheres to specific norms and procedures. Find out what security precautions the platform has in place. Your financial and personal data should be encrypted and two-factor authentication (2FA) should be available for further security.

Look up user testimonials and opinions on unbiased websites. You can learn from this about other traders’ platform usage experiences. The platform needs to be transparent about its charges, trading terms, and policies. Platforms that are ambiguous regarding these specifics should be avoided.

A trustworthy trading platform should offer responsive and reachable customer support to handle any problems you could run across. Analyze the variety of trading opportunities and tools offered by the site. Check to see if it offers the kinds of assets you want to trade.

If you’re new to trading, pay attention to platforms that offer teaching materials for traders. This shows that the platform is committed to assisting its users in making wise selections.

Fairdesk Conclusion

Fairdesk is a forward-looking company focusing on building a platform that enables traders to go both long and short, profit from both rising and falling markets, with leverage up to 125x. Fairdesk stands for transparency, trust, security, and lower costs.