Fairdesk is one of the recently launched crypto exchanges attracting users worldwide. The platform was founded in 2021 and has its headquarters located in Singapore. Fairdesk supports over 100 cryptocurrencies, including BTC, USDT, and ETH, with a daily trading volume of over $20 million.
Some key features of Fairdesk include adequate security, low trading fees, and its comprehensive trading interface for spot and futures trading with over 100 trading pairs and up to 125x leverage on derivatives and perpetual contracts.
Another great feature of Fairdesk is its built-in Copy trading feature. That means that novice and experienced traders can earn money by following the trades of the best traders and investors. That is an excellent opportunity for them to make money while also gaining insight into the trading techniques of these professionals.
Additionally, it supports a risk-free Simulated trading feature where users can practice trades before using real funds. That is helpful for beginners and can also help advanced traders practice their trading strategies for better profits.
Pros and Cons of Fairdesk
| 👍 Fairdesk Pros | 👎 Fairdesk Cons |
|---|---|
| ✅ Low trading fees | ❌ Relatively new crypto exchange |
| ✅ Copy trading | |
| ✅ Advanced trading tools | |
| ✅ Leverage of up to 125x on derivatives and perpetual contracts | |
| ✅ Adequate security | |
| ✅ Simulated trade | |
| ✅ Wide range of passive income products |
Fairdesk Sign Up and KYC
Creating an account on Fairdesk is very simple. You can register using your email address or phone number in no time. However, it is essential to note that KYC verification is required for users to trade and withdraw freely on the platform.
To start your Fairdesk account, follow the steps below to sign up and complete your KYC.
- Visit the Fairdesk website (Click here)
- Click on “Sign Up” at the top right corner of the homepage
- Provide a valid email address or phone number and create your password. Then click on “Create Account.”
- A code will be sent to your mailbox. Provide the code to verify your email address. After which, you can now access your account
- After creating your account, you’ll be required to verify your identity to enjoy all the platform’s features and remove any restrictions on deposits and withdrawals.
- To verify your identity, you must upload your personal information and a valid government-issued ID and complete a facial recognition
- After verifying your identity, you can now trade and withdraw without any restrictions on the platform.
Fairdesk Products, Services, and Features
Trading Features:
Fairdesk offers futures, copy trading, “Simulate Trade,” and many more. Users have access to over 12 cryptos and over 18 trading pairs with low trading fees for active trading. The exchange also has a 24-hour trading volume of over $20 million, according to Coinmarketcap.
Regarding futures trading, Fairdesk offers an intuitive interface that is easy for beginners and is equipped with Advanced trading tools, including advanced order types, technical indicators, real-time charts, and more.
Fairdesk also offers leverage of up to 125x on derivatives and perpetual contracts, making it an attractive choice for active traders looking to maximize their profits with high leverage during market fluctuations.
Another thing about Fairdesk is that it allows users to securely buy cryptos using a wide variety of payment methods at low fees. Payment methods include Advcash, Mecuryo, Paybis, Transak, and many more.
Fairdesk offers a range of passive income products, including copy trading, affiliate programs, structural crypto savings, and many more.
Fairdesk Affiliate Program
The Fairdesk affiliate program allows users to earn various bonuses and up to 60% lifetime commission on all the trades of anyone you refer to the platform. To be an affiliate on Fairdesk, you must submit an application the platform will review.
Once your application is approved, you’ll get your affiliate link, which you can share with friends, family, and other traders and earn up to 60% lifetime commission on their trades.
Fairdesk Earn
Furthermore, Fairdesk offers crypto savings to earn passive income while trading on the platform. Users can make up to 18.6% Annual Percentage Yield(APY) through the structural savings option on Fairdesk.
Fairdesk Rewards Center
Fairdesk also has a comprehensive rewards hub for users to earn passive income while trading by performing simple tasks on the platform. Duties include daily login, KYC verification, simulated trading, copy trading, and more.
Fairdesk Trading Competition
Another way to earn extra income on Fairdesk is through their Trading Competition, where users can access up to 1.5 million USDT of rewards. You must rank among the top daily traders or average a total daily trading volume of over $1000 to be eligible. The more your trading volume, the higher your rewards.
Fairdesk Copy Trading
In addition to all the aforementioned, Fairdesk also provides one-click copy trading, which allows new and experienced traders to benefit from the best traders and investors in the market.
You only need to choose a trader and copy them with one click. Before you pick a trader, analyze their profits and loss percentage, 7-day profit rate, and many more to ensure that you’re choosing a reliable trader.
Another thing about Fairdesk is that it offers users a very intuitive and user-friendly mobile app for trading on the go. The app features all the essential features of the desktop version and is compatible with Android and iOS users.
Fairdesk Trading Fees
Users have access to a standard charge of 0.1% for both makers and takers on the spot market, while for futures trading, charges are 0.02% for makers and 0.04% for takers.
Fairdesk Withdrawal Fees
Fairdesk only supports cryptocurrencies for withdrawals. Users can withdraw any of the supported cryptos to their private wallets. It is important to note that crypto withdrawals always attract a fee that depends on the coin and selected network. The current network capacity can also cause slight changes in the crypto withdrawal fees.
Fairdesk Security
Fairdesk takes security very seriously. The platform implements two-factor authentication, cold storage, email verification on every login, encryption, and many more to ensure the safety of user assets.
Additionally, Fairdesk provides full proof of reserves, which guarantees that the company funds back all user assets. Evidence of resources is available in BTC, ETH, USDC, and USDT.
Fairdesk is also a fully licensed and regulated crypto exchange. The platform has acquired an MSB license in the U.S. and Canada.
Fairdesk Customer Support
Fairdesk offers 24/7 customer service via live chat and email support. They also have experts who attend to customers with fast response times. That shows the platform is committed to improving customer service and solving all user queries.
Conclusion
Fairdesk is a reputable exchange. It offers a range of trading products with low fees and high leverage. It also has an easy-to-use trading interface with advanced trading tools, making it a decent option for beginners and experienced traders.
We like that Fairdesk offers a wide range of passive revenue products that allow users to earn extra income while trading on the platform. With a rewards hub, affiliate program, copy trading, and many more, you can make more income and improve your trading experience.
However, we recommend MEXC as a better alternative to Fairdesk. MEXC offers more cryptos, higher leverage, lower trading fees, advanced trading tools, and many more. Furthermore, MEXC was established in 2018 and has a more substantial reputation than Fairdesk.
Frequently Asked Questions
Is Fairdesk Safe?
Yes, Fairdesk is a safe and reliable crypto exchange. The platform implements advanced security measures, including two-factor authentication and cold storage, to ensure the safety of user assets. Also, the platform provides full proof of reserves to ensure that user assets are always safe.
Can you Buy Crypto on Fairdesk?
Yes, you can buy Bitcoin and other cryptos seamlessly with various payment methods at low fees on the Fairdesk.
Can you deposit fiat on Deepcoin?
No, fiat currencies are not supported for direct deposits on Fairdesk. That means that Fairdesk is built for users who already have crypto for trading. However, you can buy crypto with fiat money through different payment options on the platform.
What is the Maximum leverage on Fairdesk?
Fairdesk offers high leverage of up to 125x on derivative and perpetual contracts with access to over 100 trading pairs for active trading. That makes Fairdesk an attractive choice for advanced traders seeking to maximize profits with high leverage during market fluctuations.
Does Fairdesk have a Mobile Application?
Yes, Fairdesk offers a comprehensive mobile application for trading on the go, available for Android and IOS devices. Also, the mobile app has all the necessary features, including charts and other advanced tools for seamless trading, just like the desktop version.
What is a better alternative to Fairdesk?
We recommend MEXC as a better alternative to Fairdesk, as it has more cryptos, higher leverage, low trading fees, and advanced trading tools. It has been around since 2018 and has a better reputation than Fairdesk.
