Published: 19 October 2022, 1:00 am Updated: 19 Oct 2022, 1:55 am
Margex is a Seychelles-based trading platform established in 2020. The platform gives users the possibility to trade their staked crypto and receive up to an 11.15% of yield return. This is the platform’s major differentiation as similar platforms, including Coinbase Staking, do not permit its clients to use the staked funds. This means the funds are effectively frozen, meaning they cannot be used, and the holder is in it for the long haul. Should you need the money, it’s completely inaccessible.
The platform does not feature any lock-up periods, while several well-known platforms have established limits. Margex also features a crypto price alerts tool and lets users set unlimited notifications, thus making the trading process more straightforward.
Remarkably, Margex offers better payouts than other platforms. When having a look at annual percentage yield (APY), you can earn as much as 7.15% on your ETH stake, while Coinbase offers just 4% APY. Margex has also recently added three new tokens, Avalanche and Avalanche-based stablecoins USDC and USDT, and offers Bitcoin and Chainlink staking options.
Importantly, the platform is perfect for people who have just started exploring cryptocurrencies and staking. For those less savvy in the matters of trading, Margex provides trading lessons and tutorials for users of different levels. The platform’s user-friendly interface makes learning easy for beginners, and users can start with as little as $100.
It’s worth noting that Margex also allows users to trade with up to 100x leverage for both bitcoin and other cryptocurrencies. What does it mean in layman’s terms? Let’s say you have 1 BTC; you can, therefore, make as much as 100 BTC. However, high leverage is a double-edged sword, and caution is advised, as the chance of large gains goes hand in hand with the risk of greater losses.
On a side note, the company has recently launched a News trading competition with a $50,000 prize pool, where Margex users have an opportunity to win up to…