Margex Review: Crypto, Trading & Fees

Margex is a new digital asset and investment platform that has been designed to provide a fair, transparent and secure exchange for trading. The cryptocurrency trading exchange’s primary offering is a Bitcoin-based derivatives market which allows its users to trade long (buy) or short (sell) cryptocurrency pairs with leverage up to 100:1

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https://margex.com/?rid=99072140

Margex exchange works by combining the liquidity of 12 other popular leverage exchanges in one place resulting in deep liquidity and their $40M order book depth. Users can trade popular digital futures coins using a modern, user-friendly interface and with competitive fees.

Key Features:

• Easy to use and beginner-friendly
• Trade USD crypto pairs using BTC as collateral
• Up to 100x isolated margin trading
• Combined liquidity of 12+
  exchanges in one place
• Competitive trading fees
• Price manipulation protection
• 2 Factor account security
• Generous 40% affiliate program

Features & Services

Easy To Use

Margex offers a user interface that is simple, elegant and easy to follow. While margin trading is not always best for beginners, the derivatives exchange suits a wide variety of individuals with varying levels of experience to be able to create an account and begin speculating on digital currencies.

No KYC Required

Margex is a derivatives exchange that accepts cryptocurrency deposits in Bitcoin only. As the platform does not allow the transfer of fiat money, there is no requirement to submit personnel information, upload identity documents or complete the Know Your Customer (KYC) process.

100x Leverage Trading

Margex specializes in leverage trading and offers up to 100:1 isolated margin positions to maximize potential profits. The exchange uses isolated margin that informs the trader of the liquidation price and amount of funds at risk before placing a trade. Note: not suitable for everyone.

Protection Against Price Manipulation

Trading crypto with leverage can be risky due to the highly volatile asset class that can result in sudden fluctuations in price movements and also price manipulation of low liquidity trading pairs. Price manipulation was a common problem on exchanges like BitMEX. Margex solves this risk by not offering illiquid assets and their own Price Manipulation System to monitor the consistency of prices using algorithms from its 12 liquidity partners.

Is Margex Safe?

Margex is a new leverage exchange and is too early to call whether it is a safe place to trading cryptocurrencies. However, there appears to be several security features in place to secure client information and funds which include the use of multi-sig withdrawal process, offline cold wallet storage and two-factor authentication. Based on our research, there have been no major security incidents, hacks or system compromises that have occurred to date.

Creating An Account

To create an account with Margex, users will need to go through a registration process to create a trading account. Margex exchange will prompt for a valid email address which will need to be confirmed. Once completed, traders can log in to the exchange and explore the trading interface. There is no requirement to complete KYC for depositing funds.

Register : Click here

https://margex.com/?rid=99072140

Security

The Margex website provides information on the number of security features that are implemented to protect its client’s information and funds. A multi-layered security approach is used to mitigate the risk of hacks, theft and fraudulent activity. A few of the listed protection measures include:

• 2 Factor Authentication (2FA)
• 100% of assets are stored in multi-sig cold wallets
• Email confirmation for withdrawal requests
• Withdrawals processed once a day
• Realtime monitoring and alerts of assets
• SSL encryption to protect user’s information

Pricing & Fees

There are no costs to create an account with Margex or to maintain a wallet. The exchange charges a trading fee for buy and sell positions that is based on a maker and taker model with fees at 0.19% and 0.060% respectively. The trading fees are competitive compared to other leverage trading exchange.

Conclusion

To conclude our Margex review, the platform offers a simple, yet powerful trading exchange for leverage trading popular digital currency pairs. Users can increase their potential for profit with 100x leverage to long or short the market.