Margex is a cryptocurrency exchange platform founded in 2019 focusing primarily on derivatives trading. However, it also offers other popular features such as copy trading, staking, price alerts, an attractive referral program, and much more.
Margex’s interface is designed to be intuitive, making it an excellent choice for those taking their first steps into the world of cryptocurrency derivatives trading. Although its primary focus is beginners, it is also suitable for more advanced traders who value ease of use.
Margex can be accessed through its website, mobile browser, or mobile app, which is available for Android and iOS. However, it is important to note that Margex is not available in certain countries, including the United States, the Republic of Seychelles, Bermuda, Cuba, Crimea, Sevastopol, Iran, Syria, North Korea, Sudan, and Afghanistan.
The exchange is an unregulated platform based in Seychelles, which means it does not require users to go through identity verification (KYC) processes. This is a plus for traders who value privacy.
However, this could raise questions about the platform’s security. Despite its lack of regulation, Margex has implemented robust security measures to ensure user protection.
Three Layers of Security For Unparalleled Protection
User account security includes encryption of sensitive data, two-factor authentication (2FA), and email alerts for any account activity. Crucially important features like custodian security protects assets in cold storage with multiple signatures and an access segregation system.
The trading infrastructure itself ensures a smooth user experience and fast order execution by protecting against DDoS attacks and other advanced measures. In addition to these measures, Margex has a system called MP Shield that uses artificial intelligence to detect and prevent suspicious activities such as fake trades or price manipulation attempts. This system protects users from dishonest behavior on the platform.
High Stakes Derivatives Trading with Up to 100x Leverage
The main attraction of Margex is its ability to trade perpetual futures with leverage. Perpetual contracts are agreements to buy or sell an asset without expiration, allowing traders to hold their positions indefinitely. At Margex, users can trade with leverage ranging from 5x to 100x, which means they can control a much more prominent position with a relatively small investment.
Margex offers more than 60 trading pairs,…
Click Here to Read the Full Original Article at NewsBTC…
