In this article, I will discuss the Cube Exchange, an emerging player in the cryptocurrency trading industry.
Cube Exchange is beginning to attract the attention of traders due to its solid security systems, novel features, and primary focus on scalability. For you to have a contextual perspective,
I will examine its primary features, fees, and competitive edges with other exchanges in the market.
Introduction
Cube Exchange is a new trading platform that fuses traditional finance (TradFi) with blockchain technology. The platform is designed to be fast, secure, transparent, and user-friendly, allowing full control over digital assets.
Unlike most existing platforms, Cube Exchange incorporates multi-party computation (MPC) technology which eliminates the need for custodial control, making asset ownership and transactions much easier.
Know Quick Details About Cube Exchange
| Feature | Details |
|---|---|
| Trading Speed | Ultra-fast order matching using Web2 technology |
| Security Model | Non-custodial MPC technology for secure asset ownership |
| Trading Tools | Depth-chart analysis, customizable orders, API integrations |
| Regulatory Compliance | KYC/AML processes for a compliant trading environment |
| Guardian Network | Trusted third parties verify transactions and withdrawals |
| MPC Vaults | Zero-fee, non-custodial wallets for asset management |
| Founders | Bartosz Lipiński & Lawrence Wu |
| Mission | Secure, scalable, and efficient crypto trading without custodial risks |
Some Popular Token Available On This Exchange
| Token Symbol | Token Name | Category | Key Use Case | Blockchain |
|---|---|---|---|---|
| BTC | Bitcoin | Cryptocurrency | Store of value, digital gold | Bitcoin |
| ETH | Ethereum | Cryptocurrency | Smart contracts, dApps | Ethereum |
| SOL | Solana | Cryptocurrency | High-speed transactions, dApps | Solana |
| USDT | Tether | Stablecoin | Stable value, trading pair | Ethereum, others |
| LTC | Litecoin | Cryptocurrency | Peer-to-peer transactions | Litecoin |
| HNT | Helium | Cryptocurrency | IoT network, data transfer | Helium |
| JUP | Jupiter | Cryptocurrency | Decentralized exchange | Ethereum |
| PYUSD | PayPal USD | Stablecoin | Stable value, trading pair | Ethereum |
| BONK | Bonk | Meme Coin | Community-driven projects | Solana |
| ZEX | Zeta | Cryptocurrency | Decentralized finance (DeFi) | Ethereum |
Trading Fees on Cube
Cube Exchange also has trading fees that are dependent on the size of the order and whether the trade is classified as a maker or a taker. Each fee incurred by trading is paid through the asset that was earned and is logged on CubeNet after the trades have been matched. The balance cubenet logs is automatically taken from your MPC Vault during net settlement.
As of now, maker trades incur a fee of 0.14%, while the fee for taker trades is higher at 0.24%.
Maker trades are those where users place resting orders that are intended to be executed as limit orders and match existing orders (taking liquidity) as well as taker orders (removing orders from the order book).
Limit orders above the current highest bid price or below the lowest asking price are considered as maker trades and will be executed as separate trades. With a post Only order, users are guaranteed to be the maker their orders. However all market orders are taker trades since they are executed at the best available price.
As an example:
- Trader A has placed a limit sell order for 100 SOL at 100 USDC/SOL.
- Trader B has submitted a market order which is matched with Trader A’s offer.
In this scenario, when Trader A serves as the maker for a limit order, they will, at a minimum, be charged a 0.14% fee for the USDC. On collection, they will receive 9,986.00 USDC making the total fee amount 14 USDC.
And if Trader B serves as the taker for the same limit order, they will, at a minimum, be charged a 0.24% fee on the sold 100 SOL tokens. At the end, Trader B will receive 99.76 SOL after the total fee of 0.24 SOL is deducted.
Deposit
Users pay required blockchain gas fees to deposit into their MPC vault.
Withdrawal
During Cube Exchange’s early access period, all withdrawal confirmation fees are waived and covered by Cube Exchange.
| Transaction Type | Fee | Description |
|---|---|---|
| Maker Trade | 0.14% (14 bps) | Applied to orders that add liquidity to the market, such as limit orders not immediately matched. |
| Taker Trade | 0.24% (24 bps) | Applied to orders that remove liquidity from the market, such as market orders or limit orders that match immediately. |
| Deposit | Blockchain network fee (gas fee) | Standard blockchain network fee for depositing funds. |
| Withdrawal Confirmations | 0 | No fee for withdrawals during the early access period. |
Maker Trades: A trader taking liquidity from the market adds an order, having the market match with existing orders. When a trader puts a limit order to sell a cryptocurrency above the current market price, for instance, he waits for it to be matched which adds liquidity to the order book. Cube Exchange charges fee of 0.14% for these trades. Therefore, if a trader sells cryptocurrency worth 10,000 dollars, the fee will be 14 dollars.
Taker Trades: These take place when a trader using an order to match one that already exists on the market. These include market orders that take the best price available on the market or limit orders that are executed immediately. The maker incur fee of 0.24%. For example, when purchasing 100 units of a cryptocurrency, the fee is 0.24 units.
How to Start Trading on Cube
Create an Account
Click on the link to the official Cube Exchange website which will allow you to create your free account; it can be found here. Fill in the required fields and go through the verification process needed.
Deposit Funds:
After setting up the account, deposit funds to your Cube Exchange wallet. You are able to deposit either cryptocurrencies or fiat currencies, guaranteeing flexibility on the available options.
Explore Trading Options:
With Cube Exchange, there are many available methods to place trades. These include Convert, Bundle, and Trade:
- Convert: Change any asset with instant swaps with any market. Choose which asset you wish to trade and insert the amount you want to trade.
- Bundle: With a single click, purchase an asset bundle that includes top trades. Select the bundle and type in the value you wish to spend.
- Trade: Purchase or sell using the advanced trading page for market or limit orders. Go to the market you want, and fill in the trade form to make an order.
Place Orders:
In the trading area, choose the market you want to buy or sell in. Use the trade form to buy or sell orders, and get the option of market orders (immediate sale) as well as limit orders (specified price sale).
Keep a Close Eye on Your Trades:
Track real-time orders and portfolio positions. With Cube Exchange, you get real-time updates on your trades and assets, which keeps you always in the loop.
Bonus Withdrawal:
Select the withdraw funds option when you wish to take your assets out. This allows you to transfer them to your external wallet or bank account.
Cube Services and Features
Data Integration
Integration with existing systems like Google Sheets only enhances the data quality and helps aggregate and analyze information from various platforms. The same applies to Excel or cloud databases.
Financial Modeling
Budgeting, forecasting, reporting, and other advanced dynamic financial models can be easily created with Cube’s more powerful tools.
Collaboration
Members from various teams can collaborate in real time on reports, dashboards, and financial plans.
Automation
Apart from saving time, automating noncreative tasks such as report generation or data updating significantly reduces human error.
Customizable Dashboards
Business performance of users can easily be tracked by utilizing personalized views and dashboards tailored to user roles.
Predictive Analytics
Business forecasting and gaining insights into future trends becomes seamless through the utilization of machine learning.
Security
With Cube, users get secure encryption with compliance to data protection regulations and strong security features such as role-based access.
API and Developer Tools
APIs also allow developers to extend functionalities or integrate with other systems, thus enhancing the system.
Who Are the Cube Founders?
Cube Exchange was created by Bartosz Lipiński and Lawrence Wu. With experience in traditional finance and a notable presence in the Solana ecosystem, Bartosz is now spearheading Cube Exchange with a forward-looking vision.
Lawrence Wu, the Chief Technology Officer, combines his engineering knowledge with a passion to enhance and perfect digital asset exchanges. Together, they work to make trading in cryptocurrency more secure, scalable, and accessible for all.
Here’s a table showing the supported countries and banned countries for Cube:
| Supported Countries | Banned Countries |
|---|---|
| ✅ United States | ❌ Afghanistan |
| ✅ Canada | ❌ North Korea |
| ✅ United Kingdom | ❌ Iran |
| ✅ Germany | ❌ Syria |
| ✅ Australia | ❌ Cuba |
| ✅ Japan | ❌ Crimea (Russia) |
| ✅ South Korea | ❌ Sudan |
| ✅ Singapore | ❌ Venezuela |
| ✅ Switzerland | ❌ Yemen |
| ✅ European Union Countries | ❌ Somalia |
Cube PROS & CONS
| PROS | CONS |
|---|---|
| ✅ Experienced Leadership: Founded by industry veterans in finance and blockchain. | ❌ New Platform: Being relatively new, it may have fewer users and trust in the market. |
| ✅ Strong Security: Focus on enhancing security to protect user assets. | ❌ Limited Availability: Some countries may not be supported. |
| ✅ Scalable Infrastructure: Can handle high volumes of transactions efficiently. | ❌ Complex Interface: May be difficult for beginners to navigate. |
| ✅ Innovative Features: Continually adding new features to improve trading experience. | ❌ Smaller Ecosystem: Lacks some features that are available on more established platforms. |
| ✅ User-Friendly: Designed with a clean interface and efficient workflows. | ❌ Liquidity Issues: May face liquidity problems due to its newness. |
| ✅ Commitment to Growth: Continual development to stay ahead in the market. | ❌ Less Customer Support: May not offer 24/7 support compared to larger exchanges. |
Is Cube Secure?
Indeed, Cube Exchange focuses on achieving a safe trading environment by prioritizing security. The platform uses high-level encryption for user data and funds, as well as employs a variety of security measures, such as two-factor authentication (2FA) for accounts.
Cube Exchange works on eliminating potential risks by blocking unauthorized access, and is also working on becoming compliant with security norms applicable in the industry. The team is also dedicated to verifying systems and security controls which monitor the fast evolving threats within the cryptocurrency world, making Cube a trustworthy platform for trading digital assets. Still, as with every platform, users should remember to take personal precautions like complex passwords and two-step verification.
Cube Customer Support
Cube Exchange has reliable customer support ready to assist the users tackle any issues they encounter. Users can contact support via live chat as well as through email, ensuring prompt responses to all inquiries.
Although support is usually responsive, there are users who may have suffer longer waiting times during peak hours. With Cube customer support, users will also be able to get assistance with problems they have been facing with the platform as it is resourceful as well.
Conclusion
Ultimately, Cube Exchange provides a safe and cutting-edge platform to trade cryptocurrency thanks to its outstanding management, robust infrastructure, and dedication to improving the platform.
Though Cube is still developing and grappling with problems such as liquidity and a steep learning curve for newer users, the strong focus on security, ease of use, and support make it a highly favorable option for the users. As this platform matures, Cube could become a major player in the world of digital asset exchange.
