Margex.com Review - This Decade’s Bitmex.
Margex is a cryptocurrency trading platform focused on ease of use and transparency behind the trades executed. It was established in 2020, making it one of the newest trading platforms out there. It’s a clear upgrade over Bitmex and Deribit due to its
Margex has dynamic leverage up to 100x on all pairs such as BTC, ETH, LTC, YFI, XRP, EOS. It uses an isolated margin which is way easier on traders as it allows for an individual position and risk management. Trading on Margex is quite satisfying as it has best in class UI and navigating through the platform is easy.
Margex has lower than average fees of 0.06% for takers and 0.019% for market makers. This competitive fee structure is also displayed on each order, making it super easy to track how much fees are being deducted from you, unlike other platforms that have this located on a different screen or even a PDF document, making it extremely hard for you to track how much you pay. This is the only platform that displays everything to the user.
Margex proves to be intuitive and future-proof from the get-go as it lists the pairs traders want. Nowadays bigger trading platforms rely on older and more common pairs that have enough volume for the trades to occur. Margex resolves this issue by combining liquidity of 12+ LPs, resulting in a big order book that can handle even the biggest order sizes. Imagine trading on 12+ platforms at once combined in 1 place. This is what Margex is about.
Security is also on point, with the industry best practices such as end to end encryption, multisig wallets, 100% of the funds stored in cold storage, a whole lot of notifications and security triggers. Margex doesn’t collect user KYC, making it impossible for your data to be leaked.
One of the last points I’m going to make is the trading engine. Margex supports up to 100,000 transactions per second. This makes it the second fastest if not the fastest trading platform out there that has been built from scratch and completely tailored towards user experience and satisfaction. All of this means that there are no accidental squeezes, liquidations, or freezes. It’s lightning fast.
It also has an AI-based price manipulation system that keeps track of the trading feed and eliminates the risks of illicit market makers that might cause interruptions in the trading activity of the platform.
I can definitely see Margex amongst the top 5 trading platforms within this calendar year and if you’re tired of the constant manipulations occurring on other exchanges and how they treat their customers, you can give this one a shot.
