Antares is a cryptocurrency exchange located in the US that allows its customers to sell, buy, store and exchange cryptocurrencies. The platform offers 3 markets with the following trading pairs: BTC/USDT, ETH/USDT, and BCC/USDT. This is a crypto-only exchange that doesn’t deal with fiat.
The Antares exchange was launched on September 1, 2020. Since the moment of its launch, constant work over its services is conducted and useful ideas are implemented to enhance the experience of users working on it. At the time of writing, Antares tries to get listed on Coinmarketcap.
The company added a saving and staking feature to let users deposit their assets with the goal of earning interest. The plans are rather ambitious as the range of services to be introduced is rather extensive. One of the goals is the addition of “Futures” functionality for the most popular cryptocurrencies such as Bitcoin and Ethereum. The developers of the platform work over the leveraged margin trading functionality. The platform plans to arrange the crypto tournaments for BTC Team trading. As for implemented ideas, the platform has launched crypto trading bots that work on the platform providing up to 40% as the management of the exchange assures.
There are order limits that are specified for each cryptocurrency. For instance, the minimum order amount is 0.0006 BTC, while the maximum amount is 10 BTC. As for Ethereum, the numbers are 0.03 ETH and 15 ETH accordingly.
The team develops mobile apps for iOS and Android-based devices. The site is translated into many languages including Spanish, French, German, Vietnamese, and Indonesian.
The platform has developed its own wallet for supported currencies where you can find the history of transactions with respective dates, amounts, and statuses of transactions. The functionality of the wallet enables the cancellation of withdrawal transactions and the capability to resend withdrawal transactions. Users have to transfer to a crypto address when withdrawing funds from the marketplace. The amount should comply with the requirements of the service specified in the rules. You can also see the processing time when you choose the withdrawal method and enter the required data.
The developers of the platform have created two interfaces to help traders buy and sell cryptocurrencies. One of them is a simplified interface not burdened with extra features. The section was named ‘Quick Buy&Sell’ as it was designed for people who need to buy or sell crypto fast. The users don't have to be technically savvy or have some profound trading experience to work in this section.
Along with it, the in-house team of the company has created an advanced exchange that includes fully-fledged offerings and professional trading tools. It contains the blocks with the order list, the price chart, currency pair selection, and the order placement block where you can see open and closed orders and recent trades conducted.
The platform also has presented Antares Crypto Bot. Users should activate the Robot Profit Team license and purchase it in the Antares account to begin using it. There are different plans within the license including Tester, Start, Compact, and Medium. Customers select the one that meets their demands.
For instance, the Tester plan that will cost you 100 USDT promises a 20% commission on received profit. If you pay 300 USDT, then the commission goes up and reaches 18%. The most expensive plan offers a 40% commission. The customers have to convert the platform’s native token AND to USDT via the internal service to purchase the chosen plan. It is necessary to remember that funds are credited once a day at 9:00 UTC. The automatic trades begin after the funds are credited.
Antares fees and financial details
There are no trading fees for makers and takers. However, there are fees on deposits and withdrawals. There are restrictions on minimal deposits and withdrawal limits. The withdrawal fee is fixed for each cryptocurrency. It is not possible to deposit the balance top-up at 1 transaction less than the minimum deposit. The users are charged for transactions made by them only.
The official website of the company says the platform exploits advanced security mechanisms to protect the assets of their users. The accounts also feature security settings for the protection of the exchange account. The security measures include two-factor authentication and email confirmation. The users of Antares have to comply with AML/KYC policy.
The platform has a ticket system, so users should fill out the form, where they specify the subject and describe the problem. The request is processed within 24 hours. The team of the company is rather active on social media warning its users about technical works and issues that can arise in this connection. It also provides reports on the work conducted over the platform. Regular updates are performed for the improvement of tools to help the participants increase their profits.