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For any experienced user, margin trading is a double-edged sword: although it can amplify your profits significantly, it can also do the same to any losses you may have. Although a cautious approach is warranted, many traders who would otherwise be interested in trying this type of trading are discouraged. As it is, with the added volatility of the cryptocurrency market and potential foul play, adding margin trading to the mix can lead to losses that go far beyond what investors can take. However, this is not always the case.
Margex MP Shield Protection
Margex is a cryptocurrency derivatives trading platform that offers up to 100x leverage. What makes it different from other such platforms, however, is their proprietary MP Shield System that works as a protection against price manipulations.
On this exchange, the price of an asset depends on the combined liquidity of at least 12 different providers. This means that an error within the provided data from a single provider cannot cause issues on Margex’s end. Further, the number of tradable assets on Margex is very limited; while this may seem like a drawback, it is actually a way to evade illiquid assets that may be part of a pump and dump scheme.
As an added security measure, an AI-based algorithm developed by the team monitors the consistency of all price feeds from each provider—which helps recognize if a provider, for any reason, starts sending inconsistent data. The same watchful eye is turned onto traders on the platform as well: all suspicious trading activities are consistently monitored.
All of these help address some of the most common margin trading issues. While the practice is still highly risky and requires significant beforehand knowledge—as well as the readiness to potentially lose all you have invested and more—Margex brings a little more security and transparency into the highly volatile cryptocurrency margin trading world.
Other Notable Features
While the price protection technology is a major part of the exchange, it is far from the only feature they have. Starting from even the basics, the Margex interface is very easy to use and friendly towards traders of all skill levels. A big part of this is the fact that all the important features are prominently displayed and labeled in obvious ways in order to evade any confusion. This has been widely recognized by those interested in cryptocurrency leverage trading: the platform has been hailed as the easiest to use crypto margin trading exchange currently in the market.
There are several other reasons for this, aside from the interface: the platform offers relatively low fees and is privacy-friendly, meaning that all you need to start trading is a valid email address and a funded account. Its leverage that goes up to 100x allows for significant versatility.
Perhaps most importantly, the team listens to their users and takes their needs and feedback into account. They have been quick to add new features that were requested by the community. This is a modus operandi that they intend to keep: if you’re an active Margex user and see room for improvement, be sure to reach out to them and let them know.
With all these features combined, along with their consistent effort to put their users’ needs first, Margex is one of the best crypto derivatives trading platforms available in the market.
How to Get a USD 150 Bonus at Margex
So you’re ready to give Margex a shot, but you would appreciate an extra incentive to do so. Or maybe you’d already decided, even without the bonus, but would not refuse more funds to trade with. Not to worry—the steps are extremely simple. This is what you need to do:
- Click on the banner. Nothing easier!
- Create an account on Margex. As soon as you do so, you will get a USD 50 bonus credited to your account.
- Deposit at least 0.004 BTC. While you can deposit more, you will need this minimum for the next step.
- Open the support live chat and send the code “CRYPTONEWS”. Without the quotation marks, of course—just click on the live chat bubble on your screen and type the word.
- Within 24 hours, you will receive another USD 100 bonus. You may have to be a little patient, as the process is not as instantaneous as the first part of the bonus. Still, this is as simple as it gets, right?
You can click here to start. With USD 150 in addition to the 0.004 BTC, there is nothing stopping you from dipping your toes into the derivatives trading world on one of the most secure exchanges out there. Good luck and never invest more than you can stand to lose!