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SimpleFX Gears to Launch New Stake and Trade Feature

SimpleFX Gears to Launch New Stake and Trade Feature
  • SimpleFX is launching a new staking and trading feature
  • The app offers fast and cheap transactions on Binance Smart Chain
  • Also, SimpleFX is offering a bonus upto $2,500 for first time deposits

SimpleFX trading app is gearing to launch a stake and trade feature. The new feature gives SimpleFX users a chance to earn upto 8.55% annual interest rate.

To clarify, users can stake any amount of Ethereum and earn an interest. Taking into account that crypto is non inflationary, the potential gains seem attractive. In addition, the trading app is currently offering several incentives including a upto $2,500 bonus for new users.

In fact, SimpleFX is offering several bonus tiers starting from about $20 going up to $2,500. The only catch is that the higher the first deposit is, the higher the bonus earned. However, SimpleFX has been operating since 2014 and seems to be a reputable exchange.

Notably, the trading app aims to provide an easy gateway into global trading. Also, the app supports several assets and was one of the first apps to support crypto trading. Despite being a pioneer, SimpleFX has kept up with trading trends and innovations. Of note, the app recently integrated Binance Smart Chain (BSC) as a payment system. The supported tokens include DAI, DOT, XRP, BAND, XTZ, ONT, ADA, ATOM, YFII and EOS.

With the BSC addition, SimpleFX now offers clients faster and cheaper transactions. On average, for example, transfers on Ethereum cost $50 and take about 15 minutes. In comparison, BSC transfers take 1 minute and cost $0.25. The platform will be expanding BSC payment support to include BTC, ETH, LINK, LTC, BCH, ZEC and ETC.

Moreover, SimpleFX accounts are easy to open as they only require an email address with no KYC for crypto payments. Further, the SimpleFX affiliate program allows users to earn referral rewards even without making a deposit.

Finally, SimpleFX is optimized for mobile and has native apps for iOS, Android, and Huawei. However, the app can be used across all devices and supports WebTrader and MetaTrader4.

Disclaimer: This material must not be used as the basis for making any investment decisions. This serves only as informative material about the crypto exchange. Trading digital assets involves risk and can result in the loss of investment capital. Always make sure to do in-depth research prior to engaging or investing in any cryptocurrencies.

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Avid reader and writer with a passion for sharing crypto news and trends. Uses her background in finance to help readers better understand the crypto market and investments. Hopes to see mainstream crypto adoption in the near future, especially in Africa.