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Cryptocurrency trading is fraught with risks, but with rewards as well. The constant price swings can make even spot trading a thrilling experience. However, experienced traders with a lot of knowhow under their belt are often on the search for something with an even higher level of risk to reward, which is where derivatives trading with high leverage comes into play.
What Is Margex?
Margex is a cryptocurrency derivatives trading exchange, which means it does not offer the assets themselves. They offer up to 100x leverage, which can multiply your profits by that much—or your losses, so this is a very useful tool that you also have to handle very carefully. Margex is an exchange geared towards professionals who take their privacy very seriously, so there are no mandatory KYC checks; all you need to do before you start trading is register with a valid email address and deposit your funds.
Margex proves that you can have both security and privacy: even without KYC checks, they take security very seriously. Absolutely all of their funds are kept offline, in cold wallets; as users trade derivatives, there is no need for the funds to be accessible. In reality, this means that withdrawals can only be processed once every 24 hours, all bundled up together as an additional security measure.
Even though margin trading is extremely risky in and of itself, Margex does not subject their traders to extra risk. There are only six trading pairs on the platform, as they take good care to ensure that they only list assets with high liquidity and are not subject to price manipulations. In other words, how well you will do depends on how well you know the market itself, and not on the trading whims of a few whales.
Additionally, the exchange has almost complete global coverage, with very few exceptions (in our review, you can check whether your country is supported). Fees are also relatively low, with an easy to understand table available on the website. If you’re a veteran trader looking for a place where to take your risk-taking to a new level, Margex is your best choice.
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!