So I've been using DyDx as a decentralized ethereum exchange for a little while now. From no signup needed, to interest on deposits, to margin trading, it's pretty f-ing cool!
With the big dip this morning, I woke up and realized it was far easier for me to do some trading on DyDx compared to other exchanges. I really dig that it's decentralized as well. https://trade.dydx.exchange Pros
margin up to 5x
Simple trading interface including market/limit/stop orders as you'd expect
variable interest on deposits
decentralized means it just hooks up to your wallet and wraps the funds to trade
no signup KYC or account creation required
Only supports Ethereum, Dai, and USDC at the moment
Order book isn't bad, but it's only about 200k to 400k deep, so there are no native whales here, just replicated order book updating from other bigger exchanges
Some technical knowledge needed to be able to manage your own wallet and transactions, like metamask
Decentralized exchanges use contract updates to create trades, so it's not snappy and instantaneous, even if it is ultimately just a few seconds, to place orders and trades
Decentralized exchanges don't use cash funding mechanisms like cards and banks, so you will have to get your crypto gateway elsewhere first. HUGE fan of USDC as this is the permanently stablecoin you can 1:1 trade over at coinbase with no fee.
Benefits of marging trading on Decentralized exchange over Centralized exchange. What do you think? Please give your honest opinion.
Full Blog Post In a nutshell, a decentralized cryptocurrency exchange is a direct opposite of what a centralized exchange represents. It offers cryptocurrency exchange services without taking users through the challenges that are synonymous with centralized exchanges. Some of its outstanding qualities are:
Better Security One of the biggest advantages of a decentralized exchange is improved security over the centralized opponent. As a user, you are not obliged to put all your trust and confidence in the exchange. This is because you have your funds in your wallet and not held by a third party. Thus, you can implement more security strategies that will fortify your investment against hacking and other security challenges.
Maximum Privacy Privacy is another important element of decentralized exchanges. These exchanges don’t request your personal details. Your details are only required during transactions with another user that involves bank transfers. Mind you, you are not revealing your identity to the exchange but the other party involved in the transaction.
No Hidden Charges If you are put off by the hidden charges that characterize centralized exchanges, check the decentralized option out. Margin trading on decentralized exchanges such as NUO Network attracts zero hidden charges and are more convenient as well.
Cryptocurrency and Blockchain were introduced to make this world decentralized that will bring more transparency in the system, so decentralized exchanges have the future and will one day take over the centralized exchanges. Have you done margin trading on Decentralized exchange? If yes then what are the advantages and disadvantages that you have encountered? I am trying a new Decentralized exchange & they are launching margin trading feature today with up to 3x leverage where you can margin trade Ethereum and earn up to 20$ for any loses in the trade. So before proceeding, I want to know all the insights about Decentralized exchanges.
Defi vs. Margin Trading: How to Borrow against your Ethereum
I have tried out Maker and it works well to borrow USD (DAI) against my Ethereum in order to buy more Etherum. Is there any exchanges that provide the ability to borrow USD against your Eth? On Binance margin trading requires you to deposit ETH and borrow ETH and repay ETH so there is no upside on ETH investing.
Bitfinex Increases Maximum Leverage on Margin Trading for Ethereum and EOS
We have increased maximum leverage on margin trading for ethereum and eos pairs! From today, Ethereum to US dollar (ETH/USD), Ethereum to Bitcoin (ETH/BTC) and EOS to US dollar (EOS/USD) can be traded with a higher maximum leverage of 5x and a lower initial equity of 20%. Find out more at https://www.bitfinex.com/posts/457
📷Kraken Customer Service Phone Number | +1(855) 266-9652 When we talk about cryptocurrency exchanges that offer Ethereum and Bitcoin trading options for the people, Kraken is one of the names that come to mind. It helps in influencing the margin trading in the best way. There is a dark pool of th
📷Kraken Customer Service Phone Number | +1(855) 266-9652 When we talk about cryptocurrency exchanges that offer Ethereum and Bitcoin trading options for the people, Kraken is one of the names that come to mind. It helps in influencing the margin trading in the best way. There is a dark pool of the private security exchanges where the investors and the large financial joints would be able to trade without any difficulties in the best way. With the help of the Kraken Support options, the traders can get all the information that they need to have about this cryptocurrency exchange. The Kraken Cryptocurrency exchange is actually available worldwide and it is available mostly in the USA. One of the main benefits of this exchange is the fame that it has. It is known to be amongst the top 3 names of the important Bitcoin Exchanges. There is a pretty diverse pairing range of different trading pairs which is another one of the benefits. Just like some of the other top cryptocurrency exchanges, there is a proper liquidity present in this currency. You can dial the Kraken phone number for more details on the exchange. In case you are interested in opening a proper Kraken Account, there is no doubt that it is pretty similar to the opening of an account on some other platforms. Their signups will definitely not be anonymous. In case you are looking forward to opening a basic trading account, there are some personal basic questions you have to answer. For opening an advanced exchange account, there are some extensive papers and documents that you have to provide. Dial-up the Kraken customer support number for more details. Kraken Common Features Liquidity: Low fees for fast funding process and the Bitcoin Dark Pool Reliability: Service available for 24 hours a day and for a whole year. In case there is a customer experiencing some issues, dialing the Kraken support phone number would be enough. Security: It uses some cold storage that is encrypted to keep the funds of the users protected. Bitcoin Margin Trading: One of the main benefits of leveraged trading and that too up to 5x is found here with shorting available as well Advanced Order: Stop-loss orders along automated trading are both available. Proof of the reserves audits: Not every single exchange is audited here. Kraken has evolved the entire industry for the amazing cryptographically verified auditing. Mobile Apps: There are some apps provided for android and iOS. Two Factor Authentication: It provides two-factor authentication as well as PGPGPG encryption. Kraken Customer Support to Have An Account In case there are some users who want to open up the advanced account, there are some specific jurisdictions that are required around the whole world. For those trading, the large volume will have to comply with these rules as well. There are some more details that you can know about in by dialing the Kraken support number.
Bitfinex Increases Maximum Leverage on Margin Trading for Bitcoin, Ethereum, Litecoin and XRP
We have increased maximum leverage on margin trading for bitcoin, Ethereum, Litecoin and XRP! Today, XRP to US dollar (XRP/USD), XRP to bitcoin (XRP/BTC), bitcoin to euro (BTC/EUR), bitcoin to Tether (BTC/USDt), Ethereum to Tether (ETH/USDt), and Litecoin to US dollar (LTC/USD) can be traded with a higher maximum leverage of 5x. Find out more at https://www.bitfinex.com/posts/458
I have been margin trading ethereum on cex, bitfinex, poloniex and whaleclub. Everything has been working on all my platforms except whaleclub.co Whaleclub.co is very sneaky with their fee's and they don't show up on any of the online reports and their fees aren't listed on any of the menus or sub menus. When I noticed about 30% of the money in my account had disappeared from my account I contacted support and was blown away by their response. It turns out etherum margin trading has 1460% (4% per day) interest rate on the total amount borrowed. To put this in perspective cex.io financing fees are around 22% (0.06% per day) and bitfinex are 36.5% (0.1% per day). I made a $1000 5x margin call on etherum. This means my financing fee for one day was $200 or 20% of my initial investment. They are purposely trying to mislead people by not putting their fee structure on any of the menus. In the Frequently asked questions they give an example of a financing fee using a rate of 0.05% its only when you click on a tiny link that they explain the actual rate is 4% or 80 times higher than the example given.
With first decentralized margin trading platforms being released and with DAI token itself I'm starting to realize how damn amazing Ethereum is
Had a bag of it when it was 8-10 $ before DAO hack which made me sell everything. But after seeing projects like DAI, Nuo, bZx, Kyber I've decided to buy back into ETH. Margin trading on Nuo and bZx in decentralized fashion without being worried about security, KYC and other centralized exchanges problems is AMAZING. With that being said I have some questions if you don't mind since I'm out of the sync with Ethereum:
How far are we (estimate) from PoS on the mainnet?
What will happen with token inflation when we switch on PoS?
How much % of your overall stake value is expected profit from staking if lets say 50% of the tokens get staked?
What are the other next big milestones for Ethereum except POS and when are those expected to get released?
Thanks in advance and sorry for being lazy to search myself.
MARKET Protocol is now live on Ethereum Mainnet - Get long or short leverage exposure to any asset, including commodities, stocks, and cross chain assets. Trading 2x - 100x leveraged BTC without borrowing and without margin calls is available now on MPX!
Ethereum trading in Hong Kong may cost you significantly more in tax than trading ethereum in Nigeria. If you’re going to start day trading ethereum you must look at that countries tax regulations first, otherwise you might lose an unnecessary amount of profit to unfavourable tax rules. Bitcoin $ 11,430.09 11,430.09. BTC-2.86 %. Ethereum $ 388.77 ETH-4.20 % dYdX is a decentralized margin trading platform based on Ethereum. dYdX allows users to borrow lend and make bets on the future prices of popular cryptocurrencies. dYdX wants to bring trading tools normally found in fiat markets to the world of blockchain. Fulcrum Summary. Fulcrum is the most simple and powerful way to lend and margin trade. It is the first and only completely trustless platform for margin; it does not use centralized price feeds or centrally administered margin calls. How and where to trade Ethereum on margin. There are several crypto exchanges in the niche that offer you a margin trading option. For more information, proceed to our other article about margin trading on Binance. The last section of the article contains a complete list of cryptocurrency exchanges that offer margin trading.
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