What is Margex?
Margex is a cryptocurrency exchange with a focus on derivatives trading. The Exchange first went online back in 2020 and has since built upon its early offerings and now commands a global community of crypto traders. Users will have access to 100x leverage on various trading pairs. The platform is reliable and secure and caters to veteran and beginner traders, offering independent financial advice to get newcomers up and running. The crypto firm charges low fees and an easy-to-use user interface, making it one of the unique platforms in the cryptocurrency derivatives space.
On its website, Margex highlights the following factors as main advantages with its platform: privacy, secure trading and transparency. These factors are all important of course.
Margex Supported Cryptocurrencies
Margex isn’t a platform that focuses on offering a broad range of currencies. Instead, the focus is always on the quality of its derivative products and the low fees to accompany them. The exchange currency has
- Bitcoin (BTC)
- Tron (TRX)
- Ethereum (ETH)
- Dai (DAI)
- Polygon (MATIC)
- Chainlink (LINK)
- Tether (USDT)
- Avalanche (AVAX)
- USD Coin (USDC)
- Wrapped Bitcoin (WBTC)
Margex Supported Fiat Currencies
Margex is all about inclusivity and tries to cater to newcomers as best as possible. A big part of that is offering deposits and withdrawals using prominent fiat currencies in countries like Australia (AUD), New Zealand (New Zealand Dollar), the UK (GBP), and Singapore (SGD).
Margex Trading Platform
The innovative customer-built platform provides crypto traders with a variety of trading products. Margex’s trading features offer high leverage, a skilled leverage trading platform complete with trading algorithms, and grants of 100x leverage margin positions that are privatized. This gives users an enhanced profit level and allows traders to work with their desired fees and liquidation price.
A huge draw for traders is Margex’s affiliate program, which ranks amongst the very best in the crypto industry. A profitable scheme that renders advanced trading fees with a 40% cut from the crypto investors’ referrals. Low trading fees mean that Margex traders get enhanced referral arrangements, giving customers a flat commission rate of 40%, not up to but exactly.
Margex offers advanced security through a quality AI-customized MP Sheild backed by data encryption features to protect users from financial fraud and hacks. There are various account security options for stability, which can be activated for withdrawals and deposits.
Customers will be protected and supported throughout their trading experience with Margex, with a team of well-informed and attentive service representatives always on call. There are various great ways to get in touch with customer service, from email to on-site form, as well as the live chat feature, which has an average turnaround time of 10 minutes.
Margex does not allow US-investors on its exchange. So if you’re from the US and would like to engage in crypto trading, you will have to look elsewhere. Luckily for you, if you go to the Exchange List and use our exchange filters, you can sort the exchanges based on whether or not they accept US-investors.
One of this crypto exchange’s main appeals is its highly competitive rates on fees when completing market orders, which equate to the taker and maker fees. The charges are immediately imposed on the users’ accounts and put into the cost of the overall trade. The cost of trades is based on the last 8-hour interval. If a market position is being closed before funding restrictions, there will be an exemption from Margex’s funding fees.
Margex taker fees are applied when withdrawing liquidity from an order book. This is carried out when initiating an order book that is provisional or through the market orders. These market orders are traded into stop market orders or stop loss orders.
Maker fees are charged when supplementing liquidity in the order book, which occurs when choosing a delayed order. The market order is not paired directly on an order book. The limit orders are aligned below the current valuation for a buy order or set higher than the current valuation of a sell order. Everything that relates to fee structures also takes into account take profit orders. Take a look at the maker and taker fees in full detail below.
Users can make their way to the BTC wallet landing page on the Margex platform, then search for the button labeled ‘+Deposit.’ Clicking through will allow users to deposit funds into BTC. The tokens will go straight into the users’ open accounts. Margex, available for various orders, offers two main deposit methods. These are the BTC deposit, which doesn’t require KYC and crypto-based transfer. The other option is to purchase BTC, which is authorized through the customer's bank or using a credit/debit card.
In terms of withdrawals, they can be made directly through the MArgex website. The website makes the payments easy to navigate and makes the process straightforward. Users can click the withdrawal button on the site and comply with the instructions displayed on the exchange. Simply visit the platform and withdraw funds in currencies such as BTC or the fiat currencies mentioned above.
As a means of giving back to customers, Margex offers to stake in a number of prominent cryptocurrencies. Customers can stake on the following coins and tokens at the annual percentage yield indicated:
- USDC Coin (USDC) - 11.5%
- Ethereum (ETH) - 7.5%
- Bitcoin (BTC) - 6.1%
- Tether (USDT) - 11.15%
- Chainlink (LINK) - 3%
Customers holding funds in their Margex Wallet will have the opportunity to put funds into Margex staking and make passive income throughout the year. The percentage yields offered are much higher than popular exchanges like Binance and Coinbase and provide great opportunities to make further profits.