No crypto exchange will allow you to trade cryptocurrencies at free of cost. Except for a few ones, most of the exchange will charge fees to deposit/withdraw money from your account. Plus, you need to either pay a flat fee or a percentage (0.2% to 0.3%) of the total amount you are spending to buy the crypto assets as transaction fees. Some exchanges utilize the concept of the maker-taker model for calculating the transaction fees. If it is a bitcoin-based transaction, then you may also need to pay the network fees. Foreign exchange fee will also be applicable if you are using any currency other than the default currency set by the exchange.
Besides the high trading fees, most of the existing cryptocurrency exchanges are not able to handle bulk orders or high volume trades because of the low liquidity in the market. So, it is taking a few hours or days to complete the transaction and receive the coins on your wallet. If you are buying the crypto assets using fiat currencies, then it will take more time to see the balance on your account. Then only, you can buy the cryptocurrencies. Especially, bitcoin-based transactions take more time due to the heavy load in the network.
To improve the speed and accuracy of the cryptocurrency transactions, a high-performance trading exchange named Crypto Circle X is under development. This exchange can handle more than 10 million transactions per second with a latency of 40 nanoseconds. The matching engine of the Crypto Circle X will be developed using the advanced GoLang (Google Language) machine language to increase the processing time and avoid the network delays.
The transaction speed of Crypto Circle X will be at least ten times more than the top cryptocurrency exchanges like Binance, Bitfinex etc. Literally, there should be any kind of network delays when using the Crypto Circle X exchange. Besides improving the speed and transparency, Crypto Circle X also provides 24 hours of online chat support to its customers. This feature will be very helpful for them to solve their issues or get clarifications for queries immediately without any delay. Sounds interesting? To learn more information about the Crypto Circle X exchange, kindly check their official whitepaper https://cryptocirclex.com/whitepaper.pdf.
Does the exchange charge any extra fees for providing the high speed of transactions? No. It charges a flat fee of 0.2% for every trade. Besides that, you may need to pay a small amount of fee to deposit/withdraw money into your account. Crypto Circle X exchange also offers many features professional charts for analysis, auto-trading, trading alerts and more. Simply, Crypto Circle X exchange can be considered as the most secure and advanced cryptocurrency exchange for the next generation. To access the above features of the exchange, you need to hold their proprietary tokens named CCX. CCX coins are nothing but Ethereum based ERC20 tokens. These tokens will be sold during the token sale event. Check out https://cryptocirclex.com/default.aspx to know the pricing, sale, and availability of CCX tokens.