Margex Review: Is It Legit Crypto Exchange?

Founded in 2019, Margex is a relatively new crypto trading platform that is growing massively in popularity and taking the crypto industry by storm. 

Margex is a cryptocurrency exchange platform founded in 2019 that focuses on derivatives trading. It offers a variety of features in addition to derivatives trading, such as copy trading, staking, price alerts and an attractive referral program. It is especially focused on beginners, but is also suitable for more advanced traders.

Layered Security & Price Manipulation Prevention

Security at Margex is based on three layers: user account security, custody security and trading infrastructure security. Despite being an unregulated exchange based in Seychelles, Margex has robust security measures in place including SSL encryption, two-factor authentication (2FA) and artificial intelligence price manipulation prevention.

Leverage Up To 100x

Margex offers trading of perpetual futures contracts with up to 100x leverage. These contracts allow users to bet on the increase or decrease in the price of cryptocurrencies without an expiration date. The platform also offers various order types and a wide range of trading pairs with aggregated liquidity from more than 12 providers.

Designed For Beginners

Margex stands out for its ease of use and intuitive navigation, making it ideal for beginners. It offers clear educational materials and the ability to practice simulated trading with AirUSD tokens. In addition, it has features such as copy trading and price alerts to help users familiarize themselves with the market.

Also in Margex there is a feature called copy trading, which allows users to follow and copy the trading strategies of other more experienced traders. This feature is especially beneficial for beginners in the world of trading, as it allows them to profit by following the successful strategies of more experienced traders without the need to have a deep knowledge of the market.

Buying Cryptocurrencies With A Credit Card

The platform allows users to purchase cryptocurrencies with a credit card easily. It accepts a variety of payment methods and offers support for various fiat currencies. In addition, it does not charge fees for deposits or withdrawals, although network fees may apply for blockchain transactions. You will be able to easily obtain popular assets such as BTC, ETH, LTC, USDT and others. As for fiat support, USD is not the only currency you can use to buy cryptocurrencies; you can also use AUD, CAD, GBP and EUR.

How To Register With Margex?

The process is extremely simple and fast.

Step 1: On the Margex home page, click on the “Start Trading” button.

Step 2: You will be taken to the registration page, where you just need to fill in your email address, choose a password and, if you have one, enter a referral code.

Step 3: The last thing you will need to do is verify your email address. Simply enter the code you will find in your email.

Once this is done, your account will be created, so you will need to deposit cryptocurrencies into your account (or buy them) before you can start trading.

How To Trade On Margex

Step 1: First, select the trading pair. Simply click on the trading pair button and choose the pair you want. You can also use the search bar.

Step 2: Choose what type of order you want to place (limit, market or stop market) and the total size of the order with leverage (in USD).

Step 3: Decide whether you want to use cross or single margin and select the leverage. However, it is advisable to start with small amounts.

Step 4: Once everything is set up, place your buy or sell order. In general, I suggest placing the first order with demo funds and see how it works.

Also, you can find tutorials explaining how to trade on Margex in more detail on their official website.

Staking, Bonuses & Referral Program

With Margex, you can earn cryptocurrencies in three main ways: through the referral program, by staking or through bonuses.

The referral program allows you to earn 40% of your friends’ trading commissions by sharing your referral code.

Staking involves allocating your assets to different CeFi and DeFi projects, such as liquidity mining, without selling or trading them, which allows you to earn a return of up to 5% APY.

Bonuses can be earned by participating in various Margex campaigns and events. Both sign-up and first deposit bonuses are available, which can be used to reduce commissions.

It is important to note that Margex bonuses are applied to trading and financing commissions once you close a position, covering up to 50% of those commissions.

– Sign-up bonus. A bonus of $50 in BTC given to each new user.

– First Deposit Bonus. A bonus given for each first deposit of $100 in an asset. If you deposit BTC, you get a bonus of $50 in BTC, if you deposit ETH, you get a bonus of $50 in ETH, and so on.

Conclusion

In summary, Margex is an excellent choice as a cryptocurrency exchange platform designed to be easy to use for beginners, but also offers advanced features for more experienced traders. 

With robust security measures, a wide range of features and a focus on user education, Margex is undoubtedly the best choice for those looking to enter the world of trading.

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