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What You Need to Know About's Crypto Exchange – MUO – MakeUseOf

If you want to trade crypto, then you’ll need a reputable marketplace from which to embark on your journey. If so, check out…
It's safe to say that crypto users are spoiled for choice when it comes to crypto exchanges nowadays, and this can make it hard for those who haven't yet narrowed down which exchange they'd like to use. So, today, we'll be providing you with a comprehensive review of's crypto exchange, to see if it's the right option for you., formerly known as, was initially founded in 2011 as a Bitcoin blockchain explorer. It has been rated as one of the top 20 most valued tech startups and has secured itself a solid position in the crypto industry.
Shortly after its founding, the company launched a software crypto wallet, the Wallet, but it wasn't until 2019 that the Exchange was launched. So, today, offers both a wallet and exchange, which can be used separately or together. These are available in over 200 countries around the world, including the U.S, U.K, Europe, India, and Australia.
A particularly cool feature offered by is its rewards program. But what does this entail?'s rewards program involves you earning on your crypto. While there is no way to earn crypto rewards directly through the Exchange, you can do so using the Wallet.
You can currently earn rewards of up to 12% by storing your crypto in a Rewards Account, though this rate varies depending on the coin in question. Simply storing funds in a Rewards Account will earn you rewards (as long as it's in the form of one of the supported reward coins), but they will be locked from withdrawal for an initial hold period of one week.
You can choose from a wide range of coins to earn rewards on, which are listed below along with their current maximum rewards rates.
The coins listed above can be divided into three categories: regular coins, wrapped coins, and stablecoins. Stablecoins are cryptocurrencies that are pegged to a real-world commodity like the U.S dollar or gold. This means that the change in value of stablecoins is far less volatile, which could make for a more reliable rewards option. offers the same rewards rate of 8.5% for all stablecoins in their rewards program.
On the other hand, wrapped cryptos peg their value to another crypto, but operate on a separate blockchain. Both wrapped cryptos available via's rewards feature offer a rate of 3%.
But there are some minimum deposit amounts applying to some of the cryptocurrencies available in's rewards feature. For example, you need to deposit a minimum of $300 in Bitcoin, $100 in Tether, and $1 in Bitcoin Cash to earn monthly rewards.
It's important to note that, if you want to earn rewards on your crypto using the Wallet, you need to upgrade to a "Full Access" account. Don't worry, this doesn't require any form of paid subscription or fee. But you do need to enter your contact and address details and provide a valid form of ID, such as a passport or driver's license. This is so that can verify who you are.
Once you've had your identity verified (which generally takes between 15 and 30 minutes), you'll be able to get started with's rewards feature. Rewards are paid out to users on a monthly basis in the form of the crypto you've got in your wallet, which allows you to earn a passive income effortlessly!
The Wallet offers two options for storing your crypto: in a Private Key Wallet or Trading Account.
The Private Key Wallet is non-custodial. This means your private keys and, thus, your crypto is never accessible to anyone but you–not even
The Trading Account, on the other hand, is custodial. This means that any funds that you hold in the Trading Account are technically under the custody of
So, if you want to trade in the Wallet, you'll use the non-custodial Trading Account. If you want to keep your funds as safe as possible, be sure to transfer any big amounts to your non-custodial Private Key Wallet if you won't be using them to trade any time soon.
The Wallet is pretty straightforward and easy to use, making it a good option for those who are just getting started in the crypto market or aren't very tech-savvy.
If you're interested in trading crypto, the Exchange could be a great choice for you. You can access and use the Exchange from almost any country worldwide, and access a number of useful features. So, let's get into the different elements of the Exchange.
There's a wide range of cryptos available for trading on the Exchange (including most ERC-20 tokens), ranging from market leaders to more obscure coins. Whether you're looking to invest in a highly valuable coin like Bitcoin or Ethereum, buy a stablecoin like USD Coin or PAX Dollar, or even check out some tokens you've never heard of, the Exchange has you covered. At the moment, the Exchange doesn't support TRC-20 tokens, but this will be changing in the very near future.
There are also 129 trading pairs currently available on the Exchange, which is a little limited compared to some other exchanges out there. But there should be more and more pairs being adopted in the coming months and years.
In terms of traditional currency, there are three that are supported by the Exchange: the U.S Dollar, British Pound, and Euro.
One of the most frustrating elements of trading crypto is the fees you incur. These fees can sometimes be unreasonably high, with some exchanges taking out big chunks of your profit. The Exchange charges a maker fee of 0.2% and taker fee of 0.4%. Compared to some other big exchanges like Coinbase and Bittrex, this is a pretty decent fee rate. The Exchange also offers volume discounts depending on the size of a given sale or purchase.
On top of this, the Blockchain Exchange doesn't charge any kind of fee for withdrawals or deposits, meaning you can put in or take out as much as you want for free.
One final reason you might opt for the Exchange is to access its advanced trading features. This includes integrated TradingView charts that enable you to do technical analysis, advanced order types including Limit and Stop-Loss orders that let you set price targets for automating trades, and the Margin Trading offering that gives you access to up to 5x leverage to increase your buying and selling power.
If you’re looking to trade on the go, you can also download the Exchange app which is available on both iOS and Android. also has a product called the Explorer, which you can use to take a look at live statistics for a wide range of blockchains, cryptocurrencies, and NFTs. Say, for example, you wanted to take a look at the statistics for the Bitcoin blockchain. This would allow you to view the most recent blocks, a Bitcoin value chart, the size of the blockchain mempool, the estimated hash rate, and more.
If it's NFTs you're interested in, you can use the Explorer to take a look at the most valuable NFTs in the market (along with their price and most recent sale), and you can go directly to any given NFT's sale page to see if it's up for grabs.
Even more excitingly, the company will soon unveil its new NFT marketplace. You will be able to buy, sell, and store NFTs from within your Wallet. You can join the waitlist now if you want access on day one.
With, you can manage your crypto funds, build your portfolio, and even earn a little passive income on the side. With a straightforward exchange, wallet, and a range of great features, it's no surprise that millions of people have already chosen as their one-stop-shop for all things crypto.
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Katie is a Staff Writer at MUO with experience in content writing in travel and mental health. She as a specific interest in Samsung, and so has chosen to focus on Android in her position at MUO. She has written pieces for IMNOTABARISTA, Tourmeric and Vocal in the past, including one of her favourite pieces on remaining positive and strong through trying times, which can be found at the link above. Outside of her working life, Katie loves growing plants, cooking, and practicing yoga.
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