What is Namebase?
Namebase is a San Francisco-based exchange serving as an on-ramp for Handshake, providing a platform for buying and selling Handshake coins (HNS). Additionally, users can engage in bidding, purchasing, selling, and utilizing Handshake names on the platform, which also supports Bitcoin.
Handshake Protocol: Decentralized Naming
Handshake operates as a decentralized, permissionless naming protocol, challenging existing Certificate Authorities and naming systems. It empowers every peer to validate and manage the root DNS naming zone, aiming to create a more secure, resilient, and socially useful internet by establishing a peer-to-peer system.
Protocol Operation
Namebase simplifies the Handshake protocol process into three steps: buy, bid, and use. The platform's user-friendly interface facilitates these actions, making it accessible to a broad audience.
Regulatory Compliance
Namebase is registered as a Money Services Business (MSB) with the Financial Crimes Enforcement Network (FinCEN), ensuring compliance with regulatory standards.
US-Investors
US investors can trade on Namebase, but they should consider potential restrictions imposed by their home state on foreign crypto trading. Notably, New York residents face limitations, allowing them to purchase HNS coins but not sell them on the platform.
Trading on Namebase
Trading View
Namebase offers a trading view that includes the order book, price chart, and order history. Traders can assess and choose a view that suits their preferences before engaging in transactions.
Trading Fees
Namebase employs a maker-taker fee model. Takers incur a 0.10% fee, below the global industry average of approximately 0.25%. Makers, however, enjoy fee exemptions, paying 0.00% in fees. Namebase Consumer imposes no trading fees but instead prices HNS with a spread of 1.00 - 3.00% based on market conditions.
Withdrawal Fees
When withdrawing BTC from Namebase, users only need to consider the mining fee. The platform itself does not charge additional withdrawal fees.
Deposit Methods
Namebase facilitates deposits in BTC and USD. USD transactions, including deposits and withdrawals, are conducted through Automated Clearing House (ACH) transfers. Notably, debit or credit card deposits are not yet available on the platform.
What are the trading fees on Namebase?
Namebase employs a maker-taker fee model. Takers incur a 0.10% fee, below the global industry average of approximately 0.25%. Makers, however, enjoy fee exemptions, paying 0.00% in fees. Namebase Consumer imposes no trading fees but instead prices HNS with a spread of 1.00 - 3.00% based on market conditions.
Does Namebase offer leverage trading?
Namebase does not currently offer margin trading or leverage options.
When was Namebase established?
EXCHANGE was founded in .
Where is Namebase located?
Namebase is based in United States.
What is the volume of Namebase?
EXCHANGE has a trading volume of $ in the last 24 hours and $ in the last 7 days.
Is Namebase safe?
While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. Its all based off contract code so you can clearly look whats behind the scenes, and how their contracts work.
Which coins can I buy through Namebase?
You can buy the following tokens/coins on Namebase:
What are the listed pairs on Namebase?
You can trade the following tokens/coins on Namebase:
Does have customer support?
Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the support service provided by the stock exchange by asking a question to the support section on its website.
