Genesis Markets Review 2023 - Is It Safe?
Genesis Markets is a cryptocurrency trading platform that offers advanced trading tools and features to professional traders. The platform is designed to provide the best possible trading experience for users, with low latency, high liquidity, and a range of order types. The platform is built on top of the existing trading infrastructure of Genesis Trading, which is a leading cryptocurrency over-the-counter (OTC) trading desk.
Trading Features:
Genesis Markets provides users with a wide range of trading features and tools, including advanced order types, customizable trading interfaces, and an API for automated trading. The platform supports both spot trading and margin trading, with leverage of up to 5x available for certain markets. Users can trade a range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, as well as a range of fiat currencies, including USD, EUR, and GBP.
Security:
Security is a top priority for Genesis Markets, and the platform uses industry-standard security measures to protect users' funds and data. All user funds are held in cold storage, which means they are stored offline and not accessible via the internet. The platform also uses two-factor authentication (2FA) to secure user accounts, and all communication between the platform and users is encrypted.
Liquidity:
One of the key advantages of using Genesis Markets is the high liquidity offered by the platform. This is because the platform is built on top of the existing trading infrastructure of Genesis Trading, which is a leading cryptocurrency OTC trading desk. This means that the platform is able to offer users access to deep liquidity pools, which helps to ensure that users are able to execute trades quickly and at the best possible price.
Fees:
The fees charged by Genesis Markets are competitive with other cryptocurrency trading platforms. The platform charges a flat fee of 0.25% for both spot and margin trading, which is lower than the industry average. There are no deposit or withdrawal fees, and the platform does not charge any fees for using its API.
User Interface:
The user interface of Genesis Markets is designed to be intuitive and easy to use, with customizable trading interfaces and advanced charting tools. Users can create their own trading dashboard, with the ability to add and remove widgets as needed. The platform also provides users with access to a range of trading indicators and charting tools, which can help to inform trading decisions.
Conclusion:
Overall, Genesis Markets is a solid choice for professional traders looking for a reliable and secure cryptocurrency trading platform. The platform offers a wide range of trading features and tools, including advanced order types, customizable trading interfaces, and an API for automated trading. The platform also provides high liquidity, low fees, and a user-friendly interface. Security is a top priority for Genesis Markets, and the platform uses industry-standard security measures to protect users' funds and data. While the platform may not be ideal for beginner traders, it is an excellent choice for experienced traders looking for a sophisticated trading platform.
High commission fees. I believe that this company needs to lower the percentage.
