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Xiaomi Mi Mix 3: Release date, price, specs, four cameras, 5G, all-screen
Xiaomi Mi Mix 3: Release date, price, specs, four cameras, 5G, all-screen
Announced in Beijing Thursday at the Forbidden City, the Xiaomi Mi Mix 3 is the latest addition to Xiaomi's line of all-screen flagship phones. Powered by a Qualcomm Snapdragon 845 processor, it has a 6.39-inch display like the Mi Mix with a 2,340x1,080-pixel resolution, meaning 93.4 percent of its body is screen. (The Mi Mix 2 is just 5.99 inches, by comparison.) If you've been keeping up with all things 5G, you might have heard that Xiaomi was working on one of the first 5G-enabled phones you can buy. This looks to be it, but you'll have to wait until next year for it.
It has four cameras -- two each on the front and back -- as well as a whopping 10GB RAM variant. Battery capacity is a less impressive 3,200 mAh -- we've seen bigger ones in other Xiaomi phones like the Mi Max 3 -- though the phone supports wireless charging. The fingerprint sensor remains on the back of the phone.
The Mi Mix 3 also comes in a 5G version touted by Xiaomi as the world's first such commercially available phone, though it's not expected to launch till the first quarter of next year. This might disappoint fans who were excited by a leak showing 5G support on the phone last month, but the delay won't matter too much -- even if 5G capabilities were available on it now, you won't be able to use it until network buildouts are completed. This is true even in Xiaomi's home country, even though China is at the forefront of 5G development.
In terms of design, the Mi Mix 3 takes a step closer to losing its signature chin. Mi Mix phones used to have a bottom bezel -- now reduced to 4.46 mm -- that housed the selfie camera. But the cameras have now been moved to a magnetic slider on the phone. You can slide the entire screen downwards to answer calls or customize it to launch different functions. The feature is similar to ones seen in the recent Oppo Find X and Huawei's Honor Magic 2, which will be launched on Oct. 31.
You'll be able to customize the sound the phone makes when you slide the display, but I suspect it will still become annoying eventually. You can see what I mean here:
The Mi Mix 3 features powerful cameras on its front and back. On the back are 12-megapixel dual rear cameras -- wide-angle and telephoto -- with f1.8 and f2.4 apertures respectively that can support slow-motion videos at 960 fps. For selfie lovers, Mi Mix 3 sports a 24-megapixel primary camera backed up by a secondary 2-megapixel camera. These can be found on the retractable module along with a soft light.
The cameras also come with AI-powered features, including AI beautify, AI portrait mode and AI studio lighting on both the front and back. The rear cameras also have AI scene detection and AI background music, which adds audio to your videos automatically. Xiaomi also said that an AI face unlock feature will be added in future updates, but this feature will be limited to selected markets.
The Mi Mix 3 will come in three versions. You can get 6GB or 8GB RAM and 128GB onboard storage, or the top-end model with 8GB RAM and 256GB storage. It will be available in three colors: onyx black, jade green and sapphire blue.
The 10GB RAM variant (with 256GB onboard storage) is unveiled as a Forbidden City special edition available in a different hue of blue, featuring a Chinese mythical beast in gold called Xie Zhi.
Xiaomi's Mi Mix phones are traditionally its most expensive and configurations with more storage typically cost more. The Mi Mix 3 is priced like the Mi Mix 2S was when it launched. The base model will start at 3,299 yuan (about $475, £370 or AU$675) and the top-end model will be 3,999 yuan. Global availability of the phone has not been disclosed but it will go on sale first in China on Nov. 1.
The Forbidden City special edition comes with a heftier price tag and will retail at 4,999 yuan when it goes on sale at the end of next month.
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iPhone, Galaxy S, Pixel: How smartphones evolved to dominate your life
iPhone, Galaxy S, Pixel: How smartphones evolved to dominate your life
This story is part of The 2010s: A Decade in Review, a series on the memes, people, products, movies and so much more that have influenced the 2010s.
Steve Jobs' pitch for the original iPhone in 2007 as a phone, music player and internet communicator was a landmark moment in the tech world. It crystalized the iPhone's almost mythic reputation from the start -- remember the nickname, the Jesus phone? -- and helped usher in the idea that smartphones could be chic. But looking back, those three capabilities barely scratched the surface of what we can do with the modern smartphone.
What can you do with one now? Everything.
"We never imagined how a decade later iPhone would become such an essential part of our lives, from streaming TV shows and playing games, to finding directions when traveling, to managing health and fitness, to opening garages in smart homes, to sharing beautiful memories with stunning photos and videos," Phil Schiller, head of marketing for Apple, said in an email.
As CNET explores the impact of various technologies over the past decade, none has changed our lives as dramatically as the smartphone. When the original iPhone launched, and the first Android phone, the G1, followed in 2008, they were still the stuff of gadget enthusiasts with loads of disposable income. Even 10 years ago, at the launch of the Motorola Droid -- the first Android phone to enjoy mass appeal, thanks to a massive marketing blitz by Verizon Wireless -- we were just getting started with the potential that came with smartphones and mobile applications.
Nowadays we take for granted that we have a virtual supercomputer in our pockets. Our iPhones and Android handsets let us hail a car right to our location, draw from a library of hundreds of thousands of television shows and movies stored online, or livestream our silly antics to millions across the world. You can shoot down cartoonish avatars of your friends in Fortnite. They've literally been revolutionary, with secure messaging apps playing a role in the Arab Spring movement in the early 2010s and the Hong Kong protests against China playing out today.
Think about it: What's the one thing you can't leave your home without? Chances are, it's your smartphone. It's become such a critical part of our lives that we're starting to question whether we're spending too much time on them. Tech giants like Apple and Google have even introduced ways to tell you how much time you're spending on your phone -- with apps found on the phone.
"It's astonishing how quickly we've gone from being astonished to having an always-connected supercomputer in our pockets to somewhat resenting having a supercomputer in our pockets," said Avi Greengart, an analyst at research firm Techsponential.
No matter where you stand on the spectrum of smartphone dependence, it's undeniable the staggering impact they've had on society, culture and how we live our lives.
"A lot has changed since 1.0," Stephanie Cuthbertson, director of Android, said during her Google I/O keynote speech in May. "Smartphones have evolved from an early vision to this integral tool in our lives, and they are incredibly helpful."
Clumsy to coveted
Smartphones had been around for years before iPhones and Android handsets became the default mobile devices of choice. The white-collar crowd happily tapped on the physical keys of their BlackBerrys. Old-school gadget enthusiasts would've proudly shown off their Palm Treos or their "Pocket PC" phones (with a stripped-down version of Windows jammed behind a smaller screen). Never mind that these devices required a precise stylus to navigate.
With the original iPhone, Steve Jobs and Apple changed how we interact with the world.
Getty Images
In 2007, Jobs and the iPhone changed the meaning of a smartphone, making a touchscreen device intuitive -- and fun -- to use, thanks in large part to the full browser experience and tricks like pinch to zoom. It's the only phone that I could pull out at a bar and legitimately impress women with. (That still wasn't enough help.)
In July of 2008, Apple introduced its App Store, opening it up to third-party apps. Google would follow with the G1 smartphone (also known as the HTC Dream) and its own app store a few months later. The G1 catered more toward gadget enthusiasts and lacked the mass appeal of the iPhone, but it was no less influential as the launchpad for Android.
Today, there are more than 2.5 billion active Android devices out there, making Google's OS the most dominant platform in the world.
"Today, everyone has a smartphone, and that's amazing," said Peter Chou, co-founder and former CEO of HTC, which built the G1, who stood on stage with Google co-founders Sergey Brin and Larry Page when the device was unveiled.
But it wasn't until the debut of the original Droid, which next month celebrates its 10th anniversary, that Android catapulted into the mainstream, thanks in part to a huge marketing campaign from partners Google, Verizon and Motorola.
Upping the ante even further, Samsung jumped into Android in 2010 with a willingness to build up its Galaxy S franchise by way of an even more impressive marketing push, which created the two-horse dynamic we see today (Apple vs. Samsung, Apple's iOS vs. Google's Android).
"It's exciting to reflect on 10 years ago launching the first Galaxy S smartphone," said Drew Blackard, head of product management for Samsung Electronics America. "Over the past decade, we've introduced a number of industry-leading innovations that have given our consumers a better mobile experience and changed the way we think about smartphones."
From fart apps to limitless videos
The explosion of smartphone demand wasn't driven just by increasingly advanced, and bigger, hardware. The handset's Swiss Army knife utility came from the sheer number of programs available to us. It took Apple's App Store and the Google Play Store about eight years each to surpass 2 million apps, from standbys such as Instagram and Angry Birds to obscure apps for bird watching.
It's easy to forget that the early experimental days included fart apps that raked in $10,000 a day or useless virtual lighter apps. At that point Android, which initially didn't have the same oversight that Apple gave iOS, was a real Wild Wild West, with tons of junk apps.
You'd never be able to watch all that's available on video streaming sites, even if you stared at your phone all day.
Sean Hollister/CNET
That's a far cry from the utility of apps today. You pretty much can't get lost, thanks to Google Maps. Protestors use secure messaging platforms like Signal and WhatsApp to coordinate demonstrations. Uber and Lyft mean you're never stuck without a ride -- even a helicopter ride. Apps like Life360 or Disaster Alert can literally save your life.
Entertainment buffs, meanwhile, would need several lifetimes to watch the countless hours of programming found on apps from Netflix, Hulu, Amazon Prime Video and HBO Go, among others -- with new options such as Apple TV Plus and Disney Plus emerging all the time.
Societal changes
When Samsung unveiled the original Galaxy Note in 2011, the then-gargantuan 5.3-inch display provided rich fodder for endless mockery. Remember, the first iPhone had a 3.5-inch display.
Today, the original Note seems quaint in its diminutive stature. Samsung's latest, the Galaxy Note 10, rocks a 6.8-inch display, while the iPhone 11 Pro Max features a 6.5-inch display.
Nowadays, smartphones are almost too large to hold in one hand.
Juan Garzon/CNET
"The desire for more screen in your hand has exceeded the grasp of your hand," Greengart said.
When the world was transitioning to all-touchscreen phones, there was a constant debate about whether people could let go of buttons. Back in 2009, handset makers were still experimenting with different ways to cram QWERTY keyboards onto handsets, said Gartner analyst Tuong Nguyen. The G1, for instance, had a slide-out physical keyboard.
Many of us can now blind touch-type on a display by memory.
Smartphones are also notable for what they've destroyed as much as what they've enabled. Those little supercomputers have left a wake of failed businesses over the years.
When was the last time you saw a point-and-shoot digital camera? Google Maps rendered GPS navigation systems irrelevant, and when I want to feel really old, I tell younger reporters about a time when I used physical (paper) Thomas Guide maps to get from one assignment to another. Apple's iPod and other MP3 players, Cisco's Flip video cameras and even voice recorders have virtually disappeared.
Outside of luxury fashion statements, wristwatches became a novelty until companies like Apple brought back the trend by offering smartwatches. They work by connecting to -- what else? -- your smartphone.
Rise of China
The smartphone revolution was radical enough that it destroyed an older generation of handset stalwarts. Nokia and BlackBerry were the kings of the mobile device -- and now neither of those companies makes phones, having licensed out their names to upstarts eager to make the most of once viable brands. US phone pioneer Motorola is owned by Chinese consumer electronics giant Lenovo.
Microsoft, which dominates PCs with its Windows software, couldn't make Windows Phone work. HTC, the maker of the G1, has virtually disappeared from the scene.
Some of the most interesting phones are coming out of Chinese companies -- like Huawei, with its foldable Mate X.
Juan Garzon / CNET
While Samsung remains the king of the hill for smartphones and Apple remains the most profitable player, much of the action in the smartphone world is now coming out of China. Huawei, embroiled in controversial claims by the US that it's a security risk, is the world's second-largest smartphone maker, and that's without selling any phones in America. TCL, a Chinese company best known for budget televisions, has the rights to make phones using the BlackBerry brand.
Many features, like the addition of multiple cameras, a pop-up camera or the use of slimmer bezels, emerged from companies like Huawei or smaller Chinese players such as Xiaomi, Oppo or OnePlus.
The inevitable backlash
The days when we'd get giddy over each new Android or iPhone release are gone. And though innovation is still on the horizon with the rise of 5G and foldable phones like the Galaxy Fold, enthusiasm has given way to a more critical look at how these tiny slabs of metal and glass have really affected our lives.
That little buzz or chime creates an almost Pavlovian need to check your phone, a phenomenon dubbed FOMO, or fear of missing out. It has critics worried that the generation raised on smartphones will be too glued to their screens to operate in the real world. After all, older generations are already hooked on their phones.
"We all seem more preoccupied with what comes out of those little screens than what is going on around us," said Carolina Milanesi, an analyst at Creative Strategies.
The very companies that serve up these time-sucking gadgets are working on apps and tweaks to their operating systems to minimize the amount of time you need to spend on the devices. Through its Screen Time feature, Apple's iOS 13 lets you control access to apps, and allows parents to manage their kids' activities better too.
In November, Google launched a Digital Wellbeing tool to offer many of the same kinds of controls. Part of Google's presentation at its I/O developer conference in May was focused on being smarter and quicker about addressing your needs.
"Looking ahead, we see another big wave of innovation to make them even more helpful," Cuthbertson said.
We've come a long way from simply making phone calls, playing music and browsing the internet.
Originally published Oct. 21, 5 a.m. PT. Update, 3 p.m. PT: Adds background.
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Best Crypto Exchanges for August 2022: Buy and Sell Bitcoin, Ether and More
Best Crypto Exchanges for August 2022: Buy and Sell Bitcoin, Ether and More
Despite price crashes in the first half of 2022, buying and selling cryptocurrency continues to steam forward as the "crypto winter" shows signs of thawing. While governments have increased their efforts to regulate crypto markets, scans continue to plague crypto investors, and it's more important than ever to find a trusted platform for buying and selling crypto.
Crypto exchanges are where most crypto traders buy and sell bitcoin, ether, dogecoin and other types of cryptocurrency. In its rawest and most decentralized form, cryptocurrency is relatively unfriendly to obtain and use. Crypto exchanges make it fairly simple to trade all sorts of crypto tokens and coins.
The best crypto exchanges will hold your crypto securely, provide you with unfettered control over your assets and make buying, selling, sending, receiving and trading crypto simple and affordable.
Some investors may desire more advanced features from crypto exchanges, including the ability to earn interest, access more esoteric forms of crypto or buy, store and display NFTs. (It's worth noting that the safest place to hold your crypto is in a cold storage wallet that you control exclusively.)
Here, we'll focus on the basics, highlighting the exchanges that make it easy to sign up, get started and carry out transactions without getting fleeced on fees. As with any investment, high fees can erode returns over time, and some exchanges offer more competitive fees than others.
Whether you're a beginner looking for an easy on-ramp to crypto, or you're a high-volume trader looking for the lowest "maker" and "taker" fees, we've got the info you need to choose the best crypto exchange for you.
Note: Crypto exchanges add and delist crypto tokens on a regular basis. Our "number of supported tokens" data is based on data from each exchange's website as of July 25, 2022.
Best crypto exchanges
James Martin/CNET
US availability: All states except Hawaii
Number of supported tokens: 207
Spot trading fees: $0.99 to $2.99, or 1.49% for trades over $200
Credit/debit card fee: 3.99%
Straightforward and simple, Coinbase provides an intuitive and streamlined experience that makes it easy to buy, sell, trade and send bitcoin, ether and a variety of other cryptocurrencies. As a public company, it's among the most established, well-capitalized and popular players -- but you'll pay for the privilege, with trading fees that are higher and somewhat more complicated than other exchanges. We think the platform's ease of use and simplicity are worth the higher fees, only if you plan to make infrequent and relatively modest transactions.
Coinbase says it keeps 98% of its crypto assets in cold storage -- a method for holding crypto tokens offline -- and says that it has never lost any user funds. Balances of US dollars held in Coinbase accounts are insured by the FDIC, and Coinbase maintains a private insurance policy worth $320 million overall for crypto assets it holds. Coinbase's first-quarter earnings report raised eyebrows with a new disclaimer stating that custodially held crypto could be used to pay creditors in the case of the company going bankrupt.
Unlike most crypto exchanges, Coinbase offers live phone support in addition to email support -- which may bring new crypto investors an additional modicum of comfort – and there's a well-written and helpful library of content for novices. Coinbase is available to residents of all US states except Hawaii.
For real-time crypto transactions (referred to as "spot trades"), Coinbase charges between $0.99 and $2.99 for trades up to $200; for transactions above $200, it's a flat 1.49% fee. Coinbase also adds a 0.5% "spread" fee on top of that.
And purchasing crypto with a debit card adds a significant 3.99% fee. Funding your Coinbase account with an electronic ACH transfer is free, however. A wire transfer deposit costs $10.
The platform's advancedPro version, which runs on a separate app and website, charges lower fees but features a less user-friendly interface that's not suited for beginners.
Sarah Tew/CNET
US availability: All states except Hawaii, New York or Washington
Number of supported tokens: 191
Trading fees: 0.0 to 0.2% maker; 0.0 to 0.5% taker; 1.5% instant buy
Credit/debit card fee: No credit/debit card purchases in US
One of the oldest cryptocurrency exchanges, and in business since 2013, Kraken's low fees make it particularly attractive to high-volume traders. Kraken also offers riskier and more advanced trading features -- such as margin trading and on-chain staking, with biweekly payouts.
The exchange supports transactions for about 130 crypto assets for purchase or trade in the US. It also supports more than 100 crypto pairs -- two crypto tokens that can be exchanged for each other.
Kraken does not include any insurance on crypto deposits held in hot wallets, but it does claim to keep 95% of digital assets offline with enough liquidity to allow users to withdraw at any time. No hacks of the Kraken crypto exchange have ever been reported.
While Kraken is available to most US crypto investors, it's not licensed for crypto services in New York, Washington state or Hawaii.
Sarah Tew/CNET
US availability: All 50 states
Number of supported tokens: 101
Trading fees: Spot trading fees: $0.99 to $2.99, or 1.49% for trades over $200
Credit/debit card fee: 3.49%
Gemini features competitive trading fees and support for almost 100 currencies and 20 crypto pairs, but the exchange's educational resources are what may be most appealing to novices. It's also one of the few exchanges operating in all 50 US states -- and the only exchange on this list that does.
This crypto exchange offers strong security features, including FDIC insurance for US dollar deposits, private insurance for hot wallets -- on the blockchain -- crypto assets and support for U2F hardware keys. Its ActiveTrader platform for high-volume traders offers charting, multiple order types, auctions and block trading. Having acquired the NFT marketplace Nifty Gateway in 2019, Gemini also lets users buy and sell crypto collectibles and digital art.
Gemini's educational resources are the best we found on any crypto exchange. Its Cryptopedia section provides deep knowledge about cryptocurrencies and the technology behind them. Cryptopedia contains a bounty of articles on a wide range of crypto subjects, from basic explainers on bitcoin and blockchain to more advanced topics like real-world uses for smart contracts, the NFT marketplace model for music and decentralized cloud storage.
James Martin/CNET
US availability: All states except New York
Number of supported tokens: 333
Trading fees: 0.04% to 0.4% maker; 0.1% to 0.4% taker
Credit/debit card fee: 2.99%
Featuring transactional support for more than 300 cryptocurrencies, Crypto.com offers the widest range of cryptocurrencies of any exchange on this list. It also lists support for more than 80 trading pairs.
Crypto.com claims that 100% of all user cryptocurrencies are held offline in cold storage and that it has secured $750 million in crypto insurance. The exchange also says that all online funds in its custodial wallets are generated by the company itself to fund user withdrawals, meaning customer crypto assets are safe offline. US dollar balances in Crypto.com accounts are held by the Metropolitan Commercial Bank and insured by the FDIC.
Crypto.com uses multifactor authentication -- including password, biometric, email, phone and authenticator verification -- for all crypto transactions. Crypto.com also requires whitelisting of all external addresses via email verification. That means you'll need to explicitly authorize any crypto wallets or bank accounts for withdrawal, which helps protect your crypto assets from accidental or manipulated withdrawals.
Along with Gemini and bitFlyer, Crypto.com is one of only 15 exchanges allowed to operate in Hawaii. Residents of every US state except for New York can use Crypto.com.
Sarah Tew/CNET
US availability: All states except West Virginia and Nevada
Number of supported tokens: 15
Trading fees: 0.03% to 0.1% maker/taker fee
Credit/debit card fee: 1.95%
BitFlyer is a private company that launched its crypto exchange first in Japan in 2014 and later expanded into the US in 2017. Though bitFlyer has much lower trading volume than the big exchanges, it ranks in the top 20 for average liquidity, per CoinMarketCap, and it supports 11 different cryptocurrencies, including bitcoin, ether, litecoin and Stellar Lumens (XLM).
BitFlyer offers the lowest trading fees of any exchange on this list. There are two ways to buy and sell crypto on bitFlyer -- through the instant buy/sell platform and transactions on bitFlyer's Lightning Network.
Once you've verified your identity and funded your account, maker and taker fees on the bitFlyer Lightning Network max out at 0.1% for transactions less than $50,000. That's even lower than Kraken's baseline 0.2% fee for makers and 0.5% for takers -- and far more affordable than Coinbase Pro's 0.4% for makers and 0.6% for takers.
BitFlyer's instant buy and sell platform doesn't charge any transaction fees at all, which makes it a tempting proposition, but watch out for the wild range of spread fees, from 0.1% to 6%. BitFlyer will show you the spread fee for any transaction before you make it. Its 1.95% fee for credit card and debit card purchases is also the lowest on this list.
Its interface is more primitive than other exchanges, and we encountered a few minor hiccups -- unexplained error messages and missing 2FA codes -- during the sign-up process. It's worth noting that the lower volume of transactions on the bitFlyer exchange may impact your ability to complete trades at the prices you want.
BitFlyer is available to all US residents except for those living in the states of West Virginia and Nevada.
Best crypto exchanges, compared
Coinbase
Kraken
Gemini
Crypto.com
bitFlyer
Best for
Beginners
Advanced trading
Educational resources
Altcoins
Low fees
Currencies
207
191
101
333
15
Fees
$0.99-2.99, or 1.49% for trades over $200
0.0-0.2% maker; 0.0-0.5% taker; 1.5% instant buy
$0.99-2.99, or 1.49% for trades over $200
0.04-0.4% maker; 0.1-0.4% taker
0.03%-0.1% maker/taker
Excluded states
Hawaii
Hawaii, New York, Washington
None
New York
Nevada, West Virginia
Year founded
2012
2013
2014
2016
2014
What about Binance and Binance.US?
Binance is the largest cryptocurrency exchange in the world, per CoinMarketCap. The exchange launched in China in 2017 and moved its servers and operations to Japan a few months later, in advance of the Chinese ban on cryptocurrency.
In 2019, due to increased enforcement of regulations, Binance was banned in the US. The existing crypto exchange eventually spun off Binance.US as a separate company that now operates in 45 states. Binance and Binance.US are sister companies with distinct ownership structures.
Binance.US features a very similar interface and experience to Binance and also boasts some of the lowest fees of the major crypto exchanges. However, the company has a rocky past and uncertain future.
In May 2021, Bloomberg reported that the Justice Department and IRS were investigating Binance's operation for possible links to money laundering and tax evasion. Bloomberg followed up in September with news that the Commodity Futures Trading Commission was probing Binance's connections to insider trading and market manipulation.
In April, Reuters reported evidence that Binance had turned over data to the Russian Federal Security Service, or FSB, about crypto donations to Alexei Navalny, a political opponent of Russian President Vladimir Putin.
Most recently, Binance has come under investigation by the Securities and Exchange Commission for possibly violating US law when it began selling its native token BNB in 2017 to fund its global exchange, per Bloomberg. And a special report from Reuters indicates that, between 2017 and 2021, Binance processed $2.35 billion in crypto that originated from "hacks, investment frauds and illegal drug sales."
Binance itself was hacked in 2019, with thieves getting away with 7,000 bitcoin worth about $40 million, though the exchange refunded users who lost money using its Secure Asset Fund for Users. Several investors who were locked out of trading in 2021 and suffered major losses are planning a class-action lawsuit against Binance.
Although Binance.US provides a quality experience on mobile and desktop and features low trading fees, we would not recommend using the crypto exchange until the legal investigations have been completed and Binance.US provides more transparency on its practices to regulators and users.
FAQs
What is a crypto exchange?
A crypto exchange is a platform that allows users to buy and sell digital assets and cryptocurrencies such as bitcoin and ether. Some may also support the buying, selling and trading of NFTs.
Crypto exchanges generally let users deposit and withdraw funds in either fiat (such as US dollars) or cryptocurrencies, buy crypto with US dollars or another currency, trade one crypto for another, send crypto to another individual (or business) and sell crypto for US dollars.
What's the difference between a crypto exchange and a crypto brokerage?
A crypto exchange provides a platform for individual buyers and sellers to trade crypto -- or exchange tokens and fiat currency, like US dollars. Exchange rates are ostensibly based on market prices.
Similarly, a crypto brokerage serves as an intermediary for buyers and sellers, but the broker sets the prices. Brokerages often support fewer cryptocurrencies yet charge lower fees than exchanges. Robinhood, for example, supports only seven cryptocurrencies -- bitcoin, ethereum, dogecoin, litecoin, ethereum classic, bitcoin cash and bitcoin SV -- but charges no transaction fees.
How much does it cost to trade cryptocurrency?
As with any investment, it's important to consider the cost of buying, selling and trading cryptocurrency -- high fees can erode returns over time. Exchange fees are typically based on how you buy, sell or trade.
"Spot" trades, also known as "instant" transactions, involve buying from or selling to an exchange in real-time for a set price. These trades are simple to make, and most exchanges charge a relatively high fee to make them, often approximately 1.5% of the transaction value.
A more sophisticated type of trade -- using "buy" and "sell" orders -- is more convoluted and less user-friendly, especially for beginners. But these trades are also considerably less expensive, with "maker" and "taker" fees costing between 0.1% to 0.5% of the transaction value. With this approach, you choose the price you wish to buy or sell at, and a transaction clears only when the market finds a buyer or seller willing to buy or sell at that target price.
Where else can I purchase Bitcoin and other cryptocurrencies?
Along with crypto exchanges and brokerages like Robinhood, some payment services allow users to buy and sell cryptocurrency, although your options for tokens will be more limited, and you usually won't be able to move crypto out of your account and into a private wallet.
Cash App, Venmo and PayPal all let users buy bitcoin via their payment apps. Cash App only buys and sells bitcoin, but it's the only payment service that lets users withdraw crypto to their own private wallets. Crypto fees aren't advertised on Cash App and will vary from trade to trade. Generally, Cash App will charge lower fees than most crypto exchanges for smaller trades, yet higher percentage fees for larger trades.
Venmo and PayPal support bitcoin, bitcoin cash, ethereum and litecoin. Both use a tiered fee structure for crypto that's similar to Coinbase's -- $0.49 to $2.49 on transactions up to $200, a 1.8% fee on transactions between $200 and $1,000 and a 1.5% fee on transactions more than $1,000. Both sites also charge unspecified spread fees that are estimated at 0.5%. You can send crypto to other Venmo or PayPal users with each service, but you can't move your crypto into your own wallet.
Why are so many crypto exchanges unavailable in the US?
Regulations on cryptocurrency in the US are more stringent than other countries, and also vary from state to state.
The SEC and crypto exchanges have clashed several times in recent years, with some exchanges facing investigations by the financial agency. The main sticking point is the SEC's classification of virtual currencies. In 2017, the SEC announced that many crypto tokens represented investment securities, which must be registered with the SEC. The agency also argued that crypto exchanges should register with the SEC as securities trading platforms.
The additional regulatory burdens and threat of lawsuits from the SEC have prompted several crypto exchanges to pull out of US markets.
Methodology
CNET reviews crypto exchanges and brokerages by comparing them using an established set of criteria, including maker, taker, transaction and withdrawal fees, security features, number and type of supported crypto assets, geographical availability, number and type of supported crypto pairs, software interface and functionality, trade limits or restrictions, educational resources and customer support.
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Xiaomi Mi Band review: Ultracheap fitness band gets the job done
Xiaomi Mi Band review: Ultracheap fitness band gets the job done
Though still not a household name outside of Asia, China's Xiaomi is gaining in global market share for smartphones , and it's not stopping there. Like so many of its rivals, it's also breaking into wearables, with its debut device being the Mi Band fitness tracker.
Perfect for anyone who wants to try out a fitness tracker, the Mi Band's minor flaws are easily ignored, especially when you consider its exceptionally low price. On sale in China at 79RMB (which converts to around $13, £7.50, AU$13.50), it undercuts other basic models like the Misfit Flash and the Fitbit Zip that retail at around $50 (roughly £3o or AU$60) while still delivering the same features.
Good luck getting one, however. There are no plans yet to release the bracelet for other markets, so you'll have to either get it through an online reseller (and pay a little premium), or hope you manage to snag one while in China at the Xiaomi online store.
The Mi Band is actually a dongle on a bracelet.Aloysius Low/CNET
Design
Xiaomi keeps the design simple for the Mi Band. There are no buttons you need to press and the Mi Band comes in two parts -- a rubber strap and the fitness module. Once on the wrist, the 13g Mi Band doesn't stay in your mind.
As it's water-resistant -- the Mi Band has a IP67 rating -- you can bring the Mi Band with you in the shower, though the rubber strap is uncomfortable when it's wet. The strap is adjustable, so you can either wear it loose or tight depending on your preference.
The Mi Band lacks a screen. Instead, it has three indicator lights that flash when you do a "look at your watch" gesture. However, the Mi Band is really picky about when it lights up; you'll have to actually have your arm fully extended at your side, then raise it up like you're looking at a watch before it works.
This shows I'm two-thirds of my way through my daily target of 8,000 steps.Aloysius Low/CNET
The three lights show your walking progress for the day, so if you set the target to, say, 8,000 steps, when you hit around 5,000 the second light will be fully lit. When you hit your target, the Mi Band will vibrate to alert you while the lights will blink for a few seconds.
You'll need to take out the dongle for charging, but you'll really only need to do this once every 30 days or so. The Mi Band comes with a custom USB cable that attaches to the dongle, and you can plug that into a PC or a USB charger.
Mi Band app
Unlike the more fully featured app that comes with the higher-end Jawbone Up24 , the Mi Band app is clean and simple and supports both English and Chinese. There's no option to measure your caloric intake -- instead, the app just shows the steps you've taken and your sleep patterns, such as when you fell into deep sleep.
You can also set an alarm to wake up to, and the Mi Band will buzz at the appropriate time. An early bird alarm is also available and will wake you 30 minutes before your preset time if the band detects that it's the best time to wake you up.
Screenshot by Aloysius Low/CNET
Apart from the two functions mentioned above, the Mi Band app also adds a sit-up and jump rope tracker. You'll need to manually activate this, though, as the Mi Band itself only works for your steps and sleep. There's also an option in the settings menu to let you vote for other sports such as cycling in future updates.
One feature that's limited to only Xiaomi's phones is a proximity unlocker. If you're holding the phone in the same hand that's wearing the band, you won't need to enter a passcode or perform a pattern unlock.
Currently, the Mi Band only works with Android 4.4 devices, and there aren't any third-party apps available that support this. It's also unknown if Xiaomi will ever add iOS support, though there are pictures on Weibo from Xiaomi developers showing the app running on an iPhone 6 .
Battery life
As mentioned, the Mi Band claims a 30-day battery life, and two weeks with the Mi Band have shown me that this looks to be true. The fitness band still had 75 percent left, meaning it could last as long as 2 months instead of the promised 1. This is pretty impressive, given that the more expensive Jawbone Up24 is only rated for a week. However, the Mi Band's rechargeable battery can't compare to the six-month battery life of the Misfit Flash or the Fitbit Zip.
Charging the Mi Band is quite easy to do.Aloysius Low/CNET
Conclusion
Given the Mi Band's absurdly low price, it's impressive and gets a free pass for its minor flaws. The rubber material used in the band takes a while to get used to, but it's light and not at all unpleasant to wear most of the time.
It's really hard to see how other screenless fitness bands can now justify their exorbitant prices, especially when the Mi Band does the exact same thing but is a lot more affordable. Of course, these fitness trackers do have options such as keeping track of your caloric intake, but these are software-based, via an app, so it's possible Xiaomi may be able to add these in as well in a future update.
Lastly, getting your hands on the Mi Band can be challenging since it's limited to China for now, and until the company starts making it globally available, people in other countries will likely will have to pay a lot more for the current fitness bands. With that in mind, I still heartily recommend the Mi Band, even if you have to get it at a premium from an online reseller. You'll still save quite a bit compared with other brands, and the Mi Band makes for a great entry-level fitness band to try out.
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Uber to courier Xiaomi Mi Note phones directly to customers in Asia
Uber to courier Xiaomi Mi Note phones directly to customers in Asia
The Xiaomi Mi Note will hit markets in Asia this month. Aloysius Low/CNET
For those who really can't wait for their latest new phone, they can now have it delivered by hand within the hour. One Internet-savvy company, the Chinese smartphone maker Xiaomi, has enlisted another, the ride-hailing service Uber, to convey its devices across the city state of Singapore as fast as traffic allows.
Drumming up publicity for the launch of its 5.7-inch Mi Note phone at an event in Singapore, Xiaomi said customers will be able to order the phablet from within the Uber app when the phone goes on sale.
Unlike Xiaomi's regular online sales, through which customers have to wait an excruciating five working days for their new devices, the Uber partnership will let customers get their hands on a unit on the same day. Within 4 minutes of them placing the order, Xiaomi says, an Uber driver will be on the way to deliver the phone.
The partnership will also be expanded to Malaysia, but only in the capital city of Kuala Lumpur. A limited number of Mi Note phones will be allocated for the Uber and Xiaomi event and will take place on July 27, a day before online sales begin.
While obviously a publicity stunt, this new approach also shows how two of the world's most valuable startups can work well together. Xiaomi, valued at $45 billion, is in a growth phase, expanding for the first time outside of Asia to Brazil, and selling 35 million handsets so far this year. The company sells its phones close to cost, forsaking traditional retailers in most of the markets in which it operates in order to keep costs as low as possible.
This allows Xiaomi to sell its high-end flagship phone, the Mi Note, at a killer price of S$569 in Singapore -- that's around $415, £270 or AU$560, much lower than comparable devices such as the HTC One M9 or the Samsung Galaxy S6. The low price also plays very much into Xiaomi's favor in an ultracompetitive smartphone market such as Singapore.
The 5.7-inch Mi Note is already available in Hong Kong and will go on sale on July 28 in Taiwan and Malaysia. Besides a 5.7-inch display, the glass-clad phablet boasts a Qualcomm Snapdragon 801 processor and 3GB of RAM. Other specs include a 13-megapixel rear camera and 64GB of onboard storage. It's powered by Google's Android software, with Xiaomi's own MIUI 6 user interface.
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Huawei Mate 30 Pro review: Sublime camera, disastrous software
Huawei Mate 30 Pro review: Sublime camera, disastrous software
Huawei started 2019 strong with the excellent P30 Pro phone, but things went downhill from there. Due to concerns that its equipment could be used to spy on the US and other companies, the Chinese tech giant has been banned from using technology from US companies. As a result, it can't license Google Mobile Services. The Mate 30 Pro, its latest flagship, has no Google Play Store, and no apps like Google Maps, Gmail and YouTube.
It has the striking appearance of a futuristic slab of aluminum and glass, but I knew I was in for a rough ride just moments after booting up the Mate 30 Pro. Entering the AppGallery, Huawei's version of the Google Play Store, I was encouraged to download some of its most popular apps: Weibo, WeChat and the China Drama Channel. It quickly became clear that Huawei doesn't have much to offer its non-Chinese customers.
One question has enshrouded the Mate 30 Pro since Huawei's tech ban: Can Huawei, a huge, powerful company with deep resources, find a way to neutralize the loss of Google?
The answer, unfortunately, is no.
The Mate 30 Pro is an exceptional piece of hardware. Its quad-camera setup shoots outstanding photos (sometimes better than the iPhone 11 Pro) a dazzling 6.53-inch waterfall display is the centerpiece of an inspired design, and its 4,500-mAh battery goes and goes and goes. But the fiasco that is Android without full Google support makes it impossible to recommend.
Even more galling is the Mate 30 Pro's price. The phone starts at AU$1,599 in Australia, which converts to $1,100 or £830. (No availability has been announced for either the US or UK.) Yes, it's a premium phone and premium parts ain't cheap. But as a proposition to you, the buyer, that much money for a partially functioning phone is preposterous.
Huawei tries Android without all of Google
Since Android 10 itself is open-source, the Mate 30 Pro still runs Google's most recent operating system fine. But since Google Mobile Services requires a license, Huawei has no access to the Google Play Store or any of Google's apps.
Instead, you'll use Huawei's AppGallery, which the company says has over 45,000 apps. That sounds like a lot, but I could count the useful apps in the AppGallery on one hand.
There's no Facebook, Instagram, WhatsApp, Netflix, Disney Plus or Reddit. You won't find Google apps, like Gmail, Maps or YouTube. (You can log into Gmail through Huawei's native email app, though.) Even if you do install Google apps by downloading their APKs -- the Android equivalent of Windows' .exe files -- they won't work without authentication from Google Mobile Services. Uber doesn't work either, since the ride-sharing app runs Google Maps. Losing Google's suite of apps is devastating; losing almost every useful app in the Google Play Store is debilitating.
Huawei's AppGallery has over 45,000 apps. You'll find few of them useful.
Ian Knighton/CNET
Of all the apps I download onto every new phone, only one was available: Spotify. When I tried to find Spotify in the AppGallery a week later, however, it appeared to have been pulled. TikTok (which is owned by Chinese company Bytedance) was available at first, then disappeared and then appeared again.
To get around the software obstructions I downloaded APKs from assorted websites. It was a dodgy process, and worked inconsistently. Some apps ran fine, others crashed after a few moments and others still didn't work at all.
It was a total mess.
Huawei Mate 30 Pro's camera credentials
If Huawei phones have been known for one thing, it's cameras. Huawei beat competitors to the punch with dual-lens cameras (P9), a dedicated Night Mode (P20 Pro) and 5x optical zoom (P30 Pro). Photography is undoubtedly the Mate 30 Pro's greatest strength.
The phone has a fantastic quad-camera setup. The main shooter has 40 megapixels. Then there's an 8-megapixel telephoto lens, which has a 3x optical zoom and 30x digital zoom; a 40-megapixel ultrawide-angle lens; and there's a 3D "time-of-flight" sensor that helps with depth perception.
The Mate 30 Pro has less zoom capability than Huawei's current flagship the P30 Pro, which has 5x optical and 50x digital. But it has a bigger, better ultrawide-angle sensor over the P30 Pro. This is a worthwhile trade, because I find ultrawide-angle capability much more useful than better zoom functionality.
Some Portrait shots give the subject brushed, lightened skin.
Daniel Van Boom/CNET
Others work better.
Daniel Van Boom/CNET
The Mate 30 Pro's quad-camera setup generally captures crisp, vibrant shots.
Daniel Van Boom/CNET
See that fountain all the way in the back?
Daniel Van Boom/CNET
Here it is, shot with 30x zoom.
Daniel Van Boom/CNET
Photography isn't perfect. Thanks to heavy software processing, skin can look artificially brushed in Portrait shots. This processing also makes Night Mode superfluous: Low-light shots capture an impressive amount of light, and toggling on Night Mode often results in overkill. I didn't have the option to shoot a dark photo even when I wanted to because the scene is brightened with software by default.
But despite these issues, the Mate 30 Pro has one of the best camera setups on any Android phone. Photos generally look spectacular, with rich color and crisp detail.
And Huawei packed in another innovative trick, but this time for the video camera. The Mate 30 Pro features stupefying slow-motion capabilities. There are four options: 4x, 8x, 32x, 64x and an astonishing 256x. That 256x option uses AI software to slow things down to 7,680 frames per second.
Slow-motion cameras need more light, so you'll need a reasonably bright environment to take advantage of ultra-slow-mo. And since 256x slow motion makes 25 seconds out of one-tenth of a second, you'll need good timing to shoot the split second you want in slow-mo. But I found the feature super fun to play around with. It makes something as little as a water splash look spectacular.
Good parts, bad phone
In regards to hardware, the Mate 30 Pro is luxurious in every aspect.
Its 6.53-inch, 2,400x1,176x-pixel screen is beautiful, bright and crisp. Its OLED screen is a waterfall display, meaning it wraps around the side of the phone all the way to the aluminum back. Videos and browsing were a joy, and the glass body felt more luxe to hold than aluminum. The downside is that there are no volume buttons, so I had to tap the side of the display to activate an on-screen volume slider instead. This generally works OK, but makes quick volume changes more cumbersome than they need be.
Powered by Huawei's own Kirin 990 processor and 8GB of RAM, the Android heavyweight felt silky smooth to use. But where the Mate 30 Pro really shines is battery life. Running it through CNET's battery test -- turning the phone on Airplane mode and looping an HD video -- it lasted 24 hours, 12 minutes. That's crazy.
The best phone you shouldn't buy.
Ian Knighton/CNET
I wish I could say that the Kirin 990 CPU also scored well on Geekbench 5, a benchmark we run to test a processor's efficiency. Saying it performed well would be a safe bet but, after downloading the APK for Geekbench 5 from four different sites, the app never worked. I could try searching for more Geekbench APKs, but I think this anecdote is an apt encapsulation of the Huawei Mate 30 Pro.
It's a beautiful device with powerful parts and a sublime camera. But its software situation is a disaster. Don't buy this phone.
Originally published Dec. 17. Update, Dec. 28: Adds video review, comparison to iPhone 11 Pro camera.
Huawei Mate 30 Pro
Huawei Mate 30 Pro
Google Pixel 4 XL
Samsung Galaxy Note 10
OnePlus 7T
iPhone 11 Pro
Display size, resolution
6.53-inch OLED
6.3-inch OLED
6.3-inch AMOLED; 2,280x1,080 pixels
6.55-inch AMOLED; 2,400x1,080-pixels
5.8-inch OLED Super Retina XDR; 2,436x1,125 pixels
