The cryptocurrency exchange market is in a constant state of evolution, with new exchanges popping up all the time. This can make it hard to keep track of which exchanges are which, and what each one offers.
In this article, we’ll take a closer look at the cryptocurrency exchange Sidus, and see if it measures up to the popular exchange Binance.
Sidus is a new exchange that is based in Hong Kong. The company has been in operation since 2018, and currently offers trading in over 100 different cryptocurrencies. One of the key selling points of Sidus is that it offers a very low trading fee of just 0.
1%. This is significantly lower than the fees charged by most other exchanges.
In terms of security, Sidus uses 2-factor authentication and stores all user funds in cold storage. The company also has a strict know-your-customer (KYC) policy in place to prevent money laundering.
Overall, Sidus seems to be a very safe and secure exchange to use.
So, is Sidus a Binance? In terms of fees, security and features, there is no doubt that Sidus compares favorably to Binance. However, Binance is still the larger and more well-known exchange, so it currently has the edge.
That said, Sidus is definitely worth keeping an eye on, as it could give Binance some serious competition in the future.