Cryptocurrency is a current hot topic. And why shouldn’t it be? When the world’s richest person invests in something, it has to be talked about. Recently, Elon Musk stated that Tesla bought bitcoin worth $1.5bn. It is just the beginning of cryptocurrencies entering the mainstream.
With soaring values and high returns, it is attracting investors from all over the world. This seeming interest of traders has resulted in the mushrooming of various crypto margin trading exchanges that offer margin trading.
Cryptocurrency Margin Trading Exchange
You must be familiar with the term leverage if you have a basic idea of the financial market. In simple language, leveraging is borrowing funds. This leverage is usually represented in the form of a leverage ratio.
For example, if an exchange has a leverage ratio of 1:2 and you can invest double the amount you have deposited. Some exchanges publish it like 100x,125x, 200x, etc. It simply means that for every $1, you can make a trade worth $100.
Crypto margin trading exchanges allow you to borrow funds from them to boost your trading capacity. They offer you the opportunity to maximize your profits with minimum capital. You get the chance to make good money even with a small deposit. Thus, they provide trading flexibility, better returns, and dividends. To achieve your targets, you need to find a trading platform that is smooth, reliable, versatile, secured, offering high liquidity and trading volume.
A credible company will have all details about its existence, origin, and even the regulations it is abiding by. They might ask about your details like phone number ID or email address before creating an account. But it would be a simple and hassle-free process done in a few minutes. Once your account is created, you can start trading.
Listed below are some features that ensure the credibility of a crypto margin trading exchange.
Top Features of a Reliable Crypto Margin Trading Exchange
Intuitive User-friendly interface
Trading in cryptocurrencies is still a daunting task for new traders. Good crypto margin trading exchanges will have an intuitive interface to make things less complicated for you. It will be useful for not only an experienced trader but also a novice trader. A user-friendly interface will help you with a quick and smooth trading experience. Besides being intuitive, it should also offer an array of trading tools that are updated with time.
High Leverage And Versatility
The exchange will offer you impressive cryptocurrency derivatives, which can be anything starting from 100x to 1000x. A greater leverage ratio will mean more flexibility to spend. With a low investment, you can increase your market share by leveraged funds.
You can also multiply your earnings and gain more profits. An exchange will help you trade in various assets such as Bitcoin, Ethereum, Litecoin, Ripple, and more. It would support multiple currencies. A leverage calculator is a convenient tool for determining your buying power and the amount you will leverage.
Responsive Charting Interface
Crypto charts are helpful for traders to analyze the market and make informed decisions about it. Advanced charting algorithms of credible exchanges scan different coins’ value and notify you of any profitable trading opportunities. It can alert you about any price changes and lets you monitor market movements 24*7.
You can conveniently see the trends and even make future predictions. This way, you can maximize your profits and refine your trading skills. Customizable charts are an excellent option for both beginners and expert traders for creating charts as per their needs.
Safe To Trade
A dependable exchange will always have a sound security system to save your account from hackers. The best way to do this is through 2F authentication. It will give your account an extra layer of protection. Now understand it this way, you have a password for your account to secure it.
But what if that password is hacked or someone gets to know about it? It will help them access all your accounts through that password. Here comes the role of 2-factor where besides a password, you will need to authenticate yourself through a PIN or any other information related to you.
Liquidity
High liquidity means you will have more flexibility to trade and helps reduce slippages. Liquidity will help maintain price stability and prevent any market fluctuations.
An exchange with high liquidity can handle high volumes of trade, allowing the traders to proceed with their trading effectively. It will have a good execution speed allowing a faster trading experience. It will further protect you from price manipulation.
Trading with reputed crypto margin trading exchanges ensure your funds are safe. Trading involves money, and you surely wouldn’t want to risk your money in an exchange that has no reliability. It’s essential to go through the testimonies and reviews of the exchange before making any decision.