Bamboorelay.com Relay is a relayer for decentralized protocols. Powered by premier blockchain projects such as 0x for trading and bZx for margin and lending. Proudly built upon the Ethereum blockchain, the worlds foremost smart contract platform.
It is mission to empower users to take control of their destiny and demolish barriers such as intermediaries and rent-seekers. Bamboorelay.com envision a world in which niche market places and permissionless asset exchanges may grow and flourish.
How To Start With Bamboorelay.com
To start trading with Bamboorelay.com ,Indian residents first have to sign up for an account by following the steps below.
Step 1. Click on the “Login/Signup” link on the top right hand corner of the Bamboorelay.com website.
Step 2. In the form, fill in your first name, last name, mobile number, email ID and password.
Step 3. If you have a referral code, enter the code while creating your account.
Step 4. Submit the form and wait for an activation email to be sent to you.
Step 5. Click on the “confirm email” link in the activation email.
Step 6. After your account is activated, you’ll be sent a 6 digit one time password (OTP), which you have to enter after logging into your Bamboorelay.com account.
Bamboo Relay Trading
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should decide for yourself which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen crypto and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can see that it feels right to you. The below is a picture of the trading view at Bamboo Relay.
Bamboo Relay Trading fees
Many exchanges charge what they call taker fees, from the takers, and what we call maker fees, from the makers. Takers are the people removing liquidity from the order book by accepting already placed orders, and makers are the ones placing those orders. The main alternative to this is to simply charge “flat” fees. Flat fees mean that the exchange charges the taker and the maker the same fee. To understanding, Bamboo Relay does not charge any trading fees at all. This is extremely impressive and there are only a handful of exchanges that have this fee structure at all.
Bamboo Relay Withdrawal fees
Apparently, Bamboo Relay does not charge any withdrawal fees either. This is a very strong competitive edge in the market if true and really distinguishes this exchange from most other market options. All in all, the fees charged by Bamboo Relay, or rather, the fees not charged by Bamboo Relay, is an extremely competitive edge with this exchange.
Bamboo Relay accepts deposits of fiat currency via credit card (but not via wire transfer). Most other DEXs does not accept any deposits of fiat currency at all. This exchange’s credit card deposits are made possible through the cooperation with the company Carbon. By enabling credit card deposits, Bamboo Relay also qualifies as an “entry-level exchange”, meaning an exchange where new crypto investors can take their first exciting steps into the thrilling crypto world.
The servers of DEXs normally spread out across the globe. This is different from centralized exchanges that normally have their servers more concentrated. This spread-out of servers leads to a lower risk of server downtime and also means that DEXs are virtually immune to attacks. This is because if you take out one of the servers, it has little to no impact on the full network. However, if you manage to get into a server at a centralized exchange, you can do a lot more harm.
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