Why Choose Fairdesk?

Security

Fairdesk assures the highest level of protection for its customers and stakeholders. It employs the conventional but safe approach: all private keys are generated and stored in specialized KMS hardware offline, while the data is protected by multisignature keys. The cold wallets are disconnected from the network and are least susceptible to network-based attacks. All outgoing wallet transactions must be scrutinized by two employees and auto signed by the offline wallet system. This approach may bring inconvenience to some users, however we believe that it’s worthwhile for fund safety. For important components like wallet service, data access requires extra authentications. Sensitive data is stored encrypted. All data is backed up continuously and could be recovered in minutes. Operational risk is also mitigated by internal workflow, 2FA and other best practices in the industry.

Fairness

We have spent a lot of effort to design the risk management:

1. Mark price and funding rate are designed to both reflect the real market, but also the long and short forces to avoid market manipulations. As a major component of mark price, dynamic synthetics index price is also employed to calculate the index price, which is resistant in extreme volatile market conditions.

2. Stepping liquidation mechanism is employed to limit the scale and frequency of liquidation to protect the clients’ funds. Insurance fund and ADL(Auto Deleveraging) is also employed to ensure the liquidate processing.

We believe that a fair trading environment is crucial in the long-term development of the platform, that is the reason we put “fair” in our name.

Reliability and High Performance

Fairdesk's trading infrastructure is designed to be reliable. Five senior software architects help to design the architect and a great effect has been spent to ensure the system is always up for trading. Fairdesk promises that if the system goes down, clients who have open positions during that time will be compensated. For trading platforms, speed means better timing and better chance to make a desired trade. We built the trade infrastructure from group up, based on 10+ years of experience on top fin-tech companies. The testing result is promising, the proprietary engine can handle more than 450,000 orders per second, with 99.9% of orders being executed within one millisecond.

Trading Cost

Compared with 0.02%/0.04% (maker/taker) trading fees on Binance and –-0.025%/0.075% on Bybit, Fairdesk has trading fees as low as 0.01%/0.015%. We cut cut them down to almost nothing and offer; the lowest fees among most of the crypto exchanges. Traders could save nearly half of the fees when trading on Fairdesk. An active trader with an average of USD 1 million trading volume per day can save over USD 100,000 per year on Fairdesk.