Margex: Fair, Secure, And Easy-To-Use Platform For A Successful Crypto Trading

There are over 400 crypto exchanges that enable people to access these digital assets on various markets.

In less than ten years, the cryptocurrency market has grown to be a trillion-dollar industry that appeals to retail and institutional investors. The returns within this market are unheard of, and this has catalyzed the growing interest. Bitcoin led the way some 13 years ago, and since then, there have been over 13,000 tokens within the market. Also, there are over 400 crypto exchanges that enable people to access these digital assets on various markets. Due to intense competition for users, trading platforms have been forced to step up their game to win the popularity contest.

This has meant focusing on secure and easily accessible platforms with great UI that cater to new and experienced users. Also, offering access to a variety of tokens and trading pairs and favorable fees can help win over users. One great example of a platform that delivers the ultimate experience to its users in this market is the Margex platform. To know more about the platform, here is about Margex.

Features Of Margex

The platform specializes in derivatives trading, where users can trade with up to 100x leverage. This means your capital receives a boost increasing your exposure within a given market. This increases your potential profits and losses. The higher the margin you choose to use, the quicker you will get liquidated if the market goes against you. Therefore, as much as you can trade with up to 100x leverage, it's good to use healthy leverage coupled with sound risk management to improve your chances of success.

There is a referral program where users get 40% of all trading commissions made by individuals you refer to the platform. While these fees can be minimal at times, they can provide a passive income stream if you can get more users onboard.

Another feature that offers this platform an edge is the use of proprietary software that protects against price manipulations. This allows users to trade with ease without fear of unfair liquidations or any other price manipulations that can cheat them of their profits.

Like any top trading platform, security is paramount. The exchange stores 100% of user funds in cold wallets to protect against hackers. Also, the platform's system is audited regularly to determine any weaknesses that can be fixed before a breach occurs. Users can also boost their account security by activating the two-factor authentication feature (2FA).

Unlike most exchanges that engage users in tiresome KYC procedures that some might feel are pretty invasive, this platform doesn't require users to disclose their personal information to interact with it.

As for fees, they are pretty fair compared to competitors, with maker fees set at 0.019% and taker fees at 0.06%. There are funding rates where a fee of 0.012% to 0.110% is charged every eight hours.

The user interface is well designed with simplicity. The signup process is easy, and all that is needed is a valid email address, a strong password, and confirmation that you don't belong to restricted countries. A confirmation code will be sent to your email address which you can use to access the trading dashboard. Once logged in, you will be guided on how to make a deposit and begin trading.

There are various ways to deposit, either using BTC, credit/debit cards, or using a third-party service provider. As for withdrawals, this can only be in BTC.

History Of Margex

This platform has its roots in Seychelles, a crypto-friendly nation. It was launched in 2020 and has quickly grown to be one of the top crypto derivatives trading platforms around the globe. The team behind the project is anonymous, which isn't new within the crypto space. Also, the exchange is unregulated since it is incorporated in Seychelles, where platforms are not required to hold a license to offer Bitcoin trading. This allows the platform to offer privacy features such as lack of KYC, which is impossible with most centralized exchanges. Another great thing about this platform is that there are no account tiers, as with most exchanges. This means traders are subjected to the same conditions, allowing for a fair and level playing ground for everyone involved.

All in all, this exchange is an excellent derivatives trading platform for privacy-oriented users who would love to trade top cryptocurrencies with high leverage.