Overview
Namebase is a platform built around the Handshake naming protocol (HNS). It enables users to buy, trade, and manage decentralized domain names using HNS tokens. While it integrates an exchange for HNS swaps and KYC crypto trading, its usage remains niche.
What is Namebase
Namebase focuses exclusively on the Handshake naming ecosystem. It acts as a marketplace for domains and a gateway for HNS token transactions. The platform simplifies access to decentralized names but has limited activity beyond its core community.
Trading Experience
Users can create accounts, verify identity, deposit HNS or supported crypto, and trade through a basic order-book interface. There are no futures, no margin products, and no extra trading features—only spot trading for HNS-related assets. Volumes stay low and fluctuate with interest in Handshake domains.
Fees and Liquidity
Trading fees range between 0.25% and 0.5%, applied as flat rates. Liquidity is limited to HNS markets, where daily volume often remains small. Wide bid-ask spreads appear during periods of low activity. With no additional token support, options for traders are narrow.
Security and Decentralization
Despite working with decentralized domains, Namebase uses a centralized custody model for user funds. Assets are held by the operator during trading and registration, simplifying processes but introducing custody risk. The platform follows KYC/AML policies, yet transparency on audits or reserves is minimal.
Supported Markets
Namebase lists HNS and a few naming-related assets. There are no other cryptocurrency pairs or services like staking or yield. Its scope is entirely tied to the Handshake ecosystem, making it unsuitable for broader crypto trading.
Pros and Cons
- Pros: Easy entry to the Handshake naming ecosystem; Simple interface for HNS trading and domain management; Straightforward order-book model.
- Cons: Extremely limited trading options (HNS only); Very low liquidity with wide spreads; Centralized custody; No broader crypto support.
Who Will Use Namebase
This platform fits users who want to participate in the Handshake naming system—buying domains or trading HNS tokens. For general traders outside this niche, it offers little utility.
Final Thoughts
Namebase works more as a marketplace than a general exchange. It connects users to Handshake domains through HNS trading but lacks liquidity, transparency, and market diversity to attract a wider audience.