Ethermium.com is a brand new decentralized exchange with a lot of interesting features. Among other things, it is the first decentralized exchange to offer stop-limit and market order types. EtherMium supports trading in essentially all ERC20-tokens. On its website, they state they support trading in 1,103 tokens. Also, EtherMium enables fully anonymous trading and instant listing of new tokens.
EtherMium Exchange is the most advanced decentralized exchange for ERC20 tokens and derivatives. EtherMium provides execution speeds of centralized exchanges. EtherMium combines all the benefits of centralized exchanges with none of the drawbacks plus a lot of advantages.
They firmly believe in free trade and in the sovereignty of the individual to make his/her own decisions. They think that trade is a critical driver of the civilization and any restrictions on trade are hindering our progress.
The blockchain is a gift for individuals that believe in freedom. It allows for the creation of systems devoid of trust in third parties — systems that always work as expected, without any unnecessary delays or third-party interventions.
They have embarked on this path being convinced that this technology is the future and any future without freedom is simply inconceivable. The vision and views are fully represented in the product.
To Start Trading WithEthermium.comExchangeCryptocurrency 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 EthermiumCryptocurrency 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 Ethermium.com.
EtherMium Trading fees
Trading fees are extremely important. The fee levels might seem insignificant at a first glance but in the long run they can add up to substantial amounts.
EtherMium Exchange charges takers 0.20%, which is slightly below the global industry average. Makers, however, don’t have to pay anything at all. The exchange gives them a 0.20%-discount meaning that their fee is 0.00% (it’s free). Letting makers trade for free promotes the liquidity at the exchange to the benefit of all traders at the exchange.
The maker is the person that adds an order to the order book. When you create a limit order, and it is not instantly executed – you are the maker.
EtherMium Withdrawal fees
What about the withdrawal fees then? Withdrawal fees vary dependent upon which crypto asset you are withdrawing, but they are normally a fixed amout of the relevant crypto asset, and not percentage based as the trading fees. The industry average BTC-withdrawal fee is 0.0006 BTC according to Cryptowisser.com’s empirical studies.
Here, at Ethermium.com , you only pay the gas fees. On the date of last updating this review (29 December 2020), the gas fee for a standard ETH-transaction was roughly USD 5.07 USD (which corresponded to 0.007 ETH at the time). This is a competitive withdrawal fee system.
Deposits & Withdrawals:
Withdrawal ETH:gas fee*
Withdrawal Token: gas fee* paid in ETH
EtherMium does not – like all (or at least close to all) other decentralized exchanges – accept any deposits of fiat currency. This means that new cryptocurrency investors (i.e., investors without any previous holdings of cryptocurrencies) can’t trade at this trading platform. In order to purchase your first cryptocurrencies, you need a so called entry-level exchange, which is an exchange accepting deposits of fiat currency.
The servers of decentralized exchanges are normally spread out. 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 decentralized exchanges are virtually immune to attacks. This is because if you take out one of the servers, it makes little to no difference for the network of servers in its entirety. However, if you manage to get into a server at a centralized exchange, you can do a lot more harm.
Also, if you make a trade at a decentralized exchange, the exchange itself never touches your assets. Accordingly, even if a hacker would somehow be able to hack the exchange (in spite of the above), the hacker can not access your assets. If you make a trade at a centralized exchange, however, you normally hold assets at that exchange until you withdraw them to your private wallet. A centralized exchange can therefore be hacked and your funds held at such exchange can be stolen. This is not the case with respect to decentralized exchanges.
Becoming an affiliate
EtherMium.com offers the first of its kind decentralized trustless affiliate program. This means that you do not have to trust to get paid your affiliate commission because the affiliate program is embedded in the exchange smart contract. Once a user is assigned as your referral during his first deposit, you will be receiving the affiliate commission from all trading performed by the referred user, forever. To become an affiliate, open EtherMium.com and open an account (either an internally generated wallet or your MetaMask account). You can do that from the upper right corner of the screen.
STEP 1 Go to Main Menu and select “Affiliate “ from the left sidebar.
STEP 2 On the screen you will see the affiliate link for your account. Select and copy that link or press the “COPY LINK” button.
STEP 3 Download the banners. You are now set to start earning money by promoting EtherMium.com. Simply post your affiliate link on Social Networks, your blog, Youtube channel or any other place. Feel free to use our banners and promotional materials on your website.
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.