Ever wondered about the magic portal that allows crypto traders to trade on SDEX? Welcome to Stellarport, the magic doorway to real-time trading on the Stellar decentralized exchange. But that simple definition hardly encompasses all the amazing features that Stellarport offers. In this short discussion, we are going to bring to your attention, the features of Stellarport that matters! Are you aware of transaction processing speeds at Stellarport? How much do you know about the interface? Is the port reliable? We answer these and many other questions in this short brief about Stellarport.
Key features
Let’s keep things in chronological order and first talk about how quickly things are done on Stellarport. Will it surprise you very much to know that the average transaction processing time at Stellarport is a mere five seconds? That is right, five seconds! The interface features all the options that must be found in a modern trading platform, and the private keys allotted to users make retaining the control possible. The third-party elimination is an event that adds a lot of value to Stellarport. Users can send and receive cryptocurrencies in the wallet featured in the portal, and yes, XLM is supported as well! All in all, Stellarport is a nice addition to the Stellar ecosystem that is created independently of The Stellar Foundation.
Which cryptocurrencies are supported?
Let us make something very clear before we talk about cryptocurrencies. Fiat money ain’t supported on Stellarport! Now, coming back to the point, there are a total of nine cryptocurrencies supported on Stellarport. These include Bitcoin, XRP, BCH, OMG, XLM, KIN, and ZRX to name a few. Talking specifically about the Stellar Lumens, users from anywhere in the world can take part in the activities on the Stellar network via this portal exchange. Country-wise information can be accessed via Stellarport exchange customer care. You can either search your query in the most frequently asked questions, or submit your query by filling the digital contact form.
Worrying about the transaction fee?
Good news, there are none! If you are a crypto geek looking for a platform that allows you to trade crypto money without costing you a dime, then Stellarport is an ideal choice for you. However, please note that while trading is exempt from charges, there is a fee that the user will have to pay every time a withdrawal is made. The rate per withdrawal is fixed at 0.5%, plus an amount ranging between two-five USD will be charged as well, it varies with the type of crypto. Another small of money that the user will have to pay is in term initial deposit fee.
Safety & security
The fact that Stellarport is a decentralized exchange serves as an antidote to all the problems that are associated with the centralized exchanges. A lot of you must be wondering about the security factor, you can rest assured, it is safe to use Stellarport. It is worth mentioning here that creating an account within Stellarport grants the user control of the private key. What does that mean for the user? P2P trading with other users can be conducted regularly without any glitches. Also, a user does not have to complete any KYC requirements for wallet creation, a feature that adds more value to Stellarport for sure.
Tweaks that are needed!
Well, there is not much wrong with the Stellarport exchange. We combed it thoroughly! Still, we guess there is always room for improvement, and Stellarport is no exemption to this universal truth. Well, for starters, the developers of Stellarport need to make things easier for the users interface-wise. Newbies joining the exchange for the first time can get overwhelmed by the complexity of features. Also, as we mentioned earlier as well, there is no support for fiat money. This is a major hindrance in trading, which needs to be resolved on an immediate basis. Everything else looks OK apart from these two worrisome points.
Summary
Well, folks, that would be all for now. Fast, decentralized, competitive, control, and an XLM wallet. We dare say that should be enough for any newbie joining the Stellarport. Also, it can be accessed via mobile as well, which is a great plus. Once a user accesses the webpage of the exchange, he or she can sign up for an account by either generating a key store file, a new key pair, or by using a hardware wallet. All that is left to do then is deposit funds & start trading!
