What Is Fairdesk?
Fairdesk is a low-fee Bitcoin and cryptocurrency exchange that mainly focuses on derivatives trading. The platform was founded in 2021 by former Binance employees and former software architects from Morgan Stanley.
Its key features include spot and futures trading for 55+ coins, leverage up to 125x, earn accounts, a native utility token called FDT, and more. All assets are stored in offline wallets and it requires manual processing for each withdrawal.
According to their website, they have $1 billion in trading volume however this is unverified.
Spot and Derivatives Trading
Fairdesk is a professional trading platform with up to 125x leverage and 55+ USDT trading pairs. The website claims they can handle 450,000 orders per second with 99.9% of orders being executed in 1 millisecond.
Fairdesk offers flexible, fixed, and VIP savings accounts where you can earn APYs ranging from 0.45% to 24%. At the moment, you can earn interest on about 10 coins including BTC, ETH, USDT, and FDT.
The native utility token offers holders reduced withdrawal fees, staking bonuses, free daily bonuses, and more. You can view the tokenomics and whitepaper here and more info here.
Fairdesk is an optional KYC crypto platform. Right now, there is a daily withdrawal limit of 80,000 USD for unverified accounts which only requires an email to sign up. You can find this info in your account profile and visit their AML/KYC policy page here.
Spot Trading Fees
Fairdesk was founded by 6 former Binance executives and 3 former Morgan Stanley Architects. The co-founder and CEO is Jacky Choi.
Find The Best Crypto Apps
Still searching for the best altcoin exchange? Here at RankFi, we have a comparison tool to find the world's best cryptocurrency exchange. Compare 20+ brokers and exchanges based on the features you need across 950+ data points.