Best Crypto Margin Trading Exchanges For Beginners in 2020

Cex.io fraud

Hi Guys,
Wanted to update you on me experiences with Cex.io. an exchange I have been using for a while now. I lost a lot of ether with them while margin trading. CEX can autoclose your position if you 1) Hit the Stoploss price 2) If you dont have enough funds to cover rollover fees. They also say they will autoclose if your position nears the stoploss to prevent losses to you and ensuring your account doesnt go into negative. All this is good. They are using this clause to autoclose positions which are $20-$30 away and this results in massive losses if the price actually never touches that pricing. I can understand closing at $231 if the price is $230 or $229 but closing it at $250+ is criminal. Wht is the point of setting up a stop loss when they can close positions with impunity and then have the balls to tell you its to stop your losses. I lose 2/3 of my ETH stash due to their auto closure. I am sure there are more people like me around.
I am planning a class action suit against these guys for fraud. I hope that the others who have been affected by these fraudsters also come into the fold and form a united front. Please email me at [email protected] and I will add you to the discussions. I am reaching out to litigation lawyers in the UK and USA who will work with us on a contingency fee basis. If anyone know lawyers who are crypto savvy please pass the details along.
I am also collecting funds for the legal expenses as I am not well off to take these guys on. If anyone wants to contribute, please send what you can to the following address. I will publish the donations and names of the supporters every week if they consent to it.
ETH Wallet: 0x45e5091488c9ec99f420e4dd0386ba369bc6363e
submitted by wETHERboy to ethtrader [link] [comments]

Cex.io Defrauding Users- Class action suit imminent

Hi Guys,
Wanted to update you on me experiences with Cex.io. an exchange I have been using for a while now. I lost a lot of ether with them while margin trading. CEX can autoclose your position if you 1) Hit the Stoploss price 2) If you dont have enough funds to cover rollover fees. They also say they will autoclose if your position nears the stoploss to prevent losses to you and ensuring your account doesnt go into negative. All this is good. They are using this clause to autoclose positions which are $20-$30 away and this results in massive losses if the price actually never touches that pricing. I can understand closing at $231 if the price is $230 or $229 but closing it at $250+ is criminal. Wht is the point of setting up a stop loss when they can close positions with impunity and then have the balls to tell you its to stop your losses. I lose 2/3 of my ETH stash due to their auto closure. I am sure there are more people like me around.
I am planning a class action suit against these guys for fraud. I hope that the others who have been affected by these fraudsters also come into the fold and form a united front. Please email me at [email protected] and I will add you to the discussions. I am reaching out to litigation lawyers in the UK and USA who will work with us on a contingency fee basis. If anyone know lawyers who are crypto savvy please pass the details along.
I am also collecting funds for the legal expenses as I am not well off to take these guys on. If anyone wants to contribute, please send what you can to the following address. I will publish the donations and names of the supporters every week if they consent to it.
ETH Wallet: 0x45e5091488c9ec99f420e4dd0386ba369bc6363e
submitted by wETHERboy to ethtrader [link] [comments]

CEX.IO: Bitcoin Cash is gaining the momentum! Considering the high users’ demand, we are happy to announce BCH/USD and BCH/BTC trading pairs on margins trading

CEX.IO: Bitcoin Cash is gaining the momentum! Considering the high users’ demand, we are happy to announce BCH/USD and BCH/BTC trading pairs on margins trading submitted by Egon_1 to btc [link] [comments]

@cz_binance: RT @Popeson: It's difficult to bet against binance this season @cz_binance - $BNB (ATH 🔥🔥) - Binance CEX @binance - Binance DEX @Binance_DEX - Binance Launchpad (IEO) - Binance Labs @BinanceLabs - Binance Chain - Binance Charity @BinanceBCF - Binance Margin Trading (Coming) - e.t.c

submitted by rulesforrebels to BinanceTrading [link] [comments]

CEX.IO Margin Trading is a fraud

Do not use CEX.IO for Margin Trading
Twice in a day they have closed my long position at the worst possible time and it has resulted in a loss for me instead of a huge profit. Their explanation is always:
Market conditions have triggered our safety mechanism, and your position closed automatically to prevent more loss to you.
That is such a convenient explanation for them and they always use it at any time without proper justification.
Has anyone else faced this issue? And can we do something about this?
submitted by Rahul_seeker to BitcoinMarkets [link] [comments]

CEX.IO reports $40m in deposits and has announced plans to add margin trading

CEX.IO reports $40m in deposits and has announced plans to add margin trading submitted by BitcoinXio to Bitcoin [link] [comments]

[uncensored-r/BitcoinMarkets] CEX.IO Margin Trading is a fraud

The following post by Rahul_seeker is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ BitcoinMarkets/comments/7dqswp
The original post's content was as follows:
Do not use CEX.IO for Margin Trading
Twice in a day they have closed my long position at the worst possible time and it has resulted in a loss for me instead of a huge profit. Their explanation is always:
Market conditions have triggered our safety mechanism, and your position closed automatically to prevent more loss to you.
That is such a convenient explanation for them and they always use it at any time without proper justification.
Has anyone else faced this issue? And can we do something about this?
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

CEX.IO Margin Trading is a fraud /r/BitcoinMarkets

CEX.IO Margin Trading is a fraud /BitcoinMarkets submitted by BitcoinAllBot to BitcoinAll [link] [comments]

CEX.IO: Bitcoin Cash is gaining the momentum! Considering the high users demand, we are happy to announce BCH/USD and BCH/BTC trading pairs on margins trading

CEX.IO: Bitcoin Cash is gaining the momentum! Considering the high users demand, we are happy to announce BCH/USD and BCH/BTC trading pairs on margins trading submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Request": cex.io mobile apps margin trading

Is there any chance that margin trading will arrive to mobile apps? Now we bound to desktop to make Long positions and can't reeact quickly if there's market situation and we're not near pc or laptop.
*IOs
submitted by WaveCut to cexio [link] [comments]

CEX.IO Launches BTC and ETH Margin Trading

CEX.IO Launches BTC and ETH Margin Trading submitted by CEX_IO to ethtrader [link] [comments]

BTC/EUR Margin Trading Launched on CEX.IO

BTC/EUR Margin Trading Launched on CEX.IO submitted by CEX_IO to Bitcoin [link] [comments]

CEX.IO reports $40m in deposits and has announced plans to add margin trading

CEX.IO reports $40m in deposits and has announced plans to add margin trading submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Exchanges • CEX.IO reports $40m in deposits and has announced plans to add margin trading

submitted by btcforumbot to BtcForum [link] [comments]

EXTON.IO || A new exchange emerge

EXTON.IO || A new exchange emerge
There is over 500+ crypto exchange available in the market right now and more than 60% of them are CEX(Centralized exchange). CEX is a widely use exchange service and people like to use it because of its flexibility and speed. Also, a CEX can offer a wide variety of service and profit package that other platforms can't. So there is no doubt that in terms of getting earning opportunity Centralized exchange is the platform that an opportunity seeker wanted in the first place.

What is Exton?
EXTON.IO is a centralized exchange that supports multi payments gateway and willing to provide a wide variety of assets for trading. It is founded in 2020 and its platform is roadmap is visible. Over 250 assets can be traded in the platform from anywhere in the world. This platform can be operated from the Andriod and IOS mobile devices along with the Web version of the platform.
https://preview.redd.it/0adsqpj26hg51.jpg?width=2048&format=pjpg&auto=webp&s=af4a0ef0b24f8f8a363f5b1324dbed7ae2cb4661

Addition service offered by various exchange
To attract user a exchange takes many activities like a promotional giveaway, Trading competition, IEO, Voting contest, staking, etc. This type of service is very common and widely used by most of the CEX around. This activity widely increased the chances of getting more active users to the platform and bring more liquidity.

What more EXTON.IO is offering
If you check this exchange platform then you will find out that they support a unique type of activity like saving program. I am going to give you a quick introduction to these programs.

TONS saving: This is a saving program that is only available in EXTON.IO exchange. It has a unique method of value adoption. In every 100 blocks increased by investors the price of TONS will change. Every time block amount increases the price of TONS will be increased too. There are a total of 100 blocks and now only 75 blocks remaining. price started from $0.20 and currently ist in $0.45 per block.

https://preview.redd.it/c0vugy156hg51.jpg?width=1080&format=pjpg&auto=webp&s=a67cfc22db4a2fe4fa929d53b94934197c0cc35b
How do these saving packages work?
There are a total of 9 saving packages and it is measured by the amount of investment. Investors will get the return of investment from 1% to 9% per month based on their packages. TON's token will be used in these process and the users will get their share daily.

https://preview.redd.it/w353mk076hg51.jpg?width=1390&format=pjpg&auto=webp&s=b6c375074febb139470476663cdf9f37460d8c4a
TONS of information
TONS is a TRC-20 token based on the Tron blockchain. That makes it fast for transactions and transaction fees will be very little. The total supply of the token is 180,000,000 TONS. SO you can see the supply is limited. That can keep the value of the token stable. 1 TONS is equal to 0.2$.

The team has a plan to list TONS coin in two top tier crypto exchanges from CMC and it will be used as a stable coin in Thisoption.com and Tonstrade Apps. This will be implemented in Q4 of 2020.

Some plans ahead
  1. Exton will release their DEX exchange and implement direct fiat gateway in Q1 2021.
  2. Exton's staking program will be available in Q2 2021.
  3. Margin trading features will be kick-start from Q3 2021.
  4. TONS coin will be implemented as the main stable coin on TONSPAY.

About the company:
Thisoption company is founded in 2016 and its headquarters is in Toronto, Canada. This is a product of the International Finance Technology Algorithm Company. This is a registered company and they have a certificate for that too. You can find about their registration in these Images.

Conclusion:
It's a new project but their work and dedication for the project are visible and they are running a massive bounty program for the community. There is still a chance for the early investors to still join the project and getting as much profit as they can from it.

Website || Thisoption || Whitepaper || Telegram || Facebook || Medium

Author: u/thorex25
Disclaimer
This article is not meant to give commercial or any other kind of advice. It is just an informative text at all.
submitted by dojogang to DigitalCryptoWorld [link] [comments]

Sold-Out DeFi Project (Tokens 80% Backed USDC, Private Sale Millions Left in Oversubscription; Public 1 $12M applied for $30k) LAST PUBLIC SALE

I think the public sale of Orion Protocol (ORN) has a ton of potential because you can literally refund your tokens by 80% of their value.
These are some of the key stats of the sale:
- Less than $400k circulation - Any token is 80% backed with USDC for up to 16 months (even if bought on exchanges) - Only token sale amount circulates for 16 month - Private sale sold out with millions left in oversubscription - Did a small public allocation Elrond which required staking; $12M+ ERD was staked to claim just $30k of ORN tokens
Token Usage —
- Brokers need for staking, traders need for discount, anyone can stake to share Protocol revenue - Oracle payments in ORN, payments burned - Enterprise widget paid in ORN, payments burned - Aggregate lending fee discount - Any other product using the Protocol's aggregated liquidity does fee tx in ORN
Project Intro —
Orion Protocol aggregates every centralized exchange and DEX into 1 platform. A decentralized network of brokers is created to achieve this.
In the beginning, the brokers are some of the largest exchanges and market-making firms themselves. The Protocol creates a terminal where any coin can be traded at the best price available across any market.
The private testnet is already live. People can connect with personal wallets like MetaMask and access liquidity of major exchanges like Binance, Bittrex, BitMax, etc. alongside liquidity of major DEX and swap pools.
Every coin. Always the best price.
The project has a detailed product roadmap. The terminal is the first product. The Protocol will be used to create an Oracle built off the 100s of exchanges that can connect to the Protocol and the 1000s of brokers that can be a part of the liquidity provision.
Because it taps into CEX liquidity, high-margin trading is made possible, along with aggregated lending and various other resources.
Official Public Sale Link
submitted by rivoke to CryptoMoonShots [link] [comments]

GAME (UK game shop) sells Halo 4 for £25 but CeX is selling it for £1. This is why I hate GAME.

submitted by ST-Parks to xbox360 [link] [comments]

Sold-Out DeFi Project (Tokens 80% Backed USDC, Private Sale Millions Left in Oversubscription; Public 1 $12M applied for $30k) LAST PUBLIC SALE

Sold-Out DeFi Project (Tokens 80% Backed USDC, Private Sale Millions Left in Oversubscription; Public 1 $12M applied for $30k) LAST PUBLIC SALE
I think the public sale of Orion Protocol (ORN) has a ton of potential because you can literally refund your tokens by 80% of their value.
https://preview.redd.it/yzjuk4g71ta51.png?width=955&format=png&auto=webp&s=ce1d1f26627bcecb7366f0b833fce2fea4a7d84b
These are some of the key stats of the sale:
- Less than $400k circulation - Any token is 80% backed with USDC for up to 16 months (even if bought on exchanges) - Only token sale amount circulates for 16 month - Private sale sold out with millions left in oversubscription - Did a small public allocation Elrond which required staking; $12M+ ERD was staked to claim just $30k of ORN tokens
Token Usage —
https://preview.redd.it/p3j95z7a1ta51.png?width=960&format=png&auto=webp&s=e8be1db7bf2854f4713772cee5159f2e11bbf82a
- Brokers need for staking, traders need for discount, anyone can stake to share Protocol revenue - Oracle payments in ORN, payments burned - Enterprise widget paid in ORN, payments burned - Aggregate lending fee discount - Any other product using the Protocol's aggregated liquidity does fee tx in ORN
Project Intro —
Orion Protocol aggregates every centralized exchange and DEX into 1 platform. A decentralized network of brokers is created to achieve this.
In the beginning, the brokers are some of the largest exchanges and market-making firms themselves. The Protocol creates a terminal where any coin can be traded at the best price available across any market.
The private testnet is already live. People can connect with personal wallets like MetaMask and access liquidity of major exchanges like Binance, Bittrex, BitMax, etc. alongside liquidity of major DEX and swap pools.
Every coin. Always the best price.
The project has a detailed product roadmap. The terminal is the first product. The Protocol will be used to create an Oracle built off the 100s of exchanges that can connect to the Protocol and the 1000s of brokers that can be a part of the liquidity provision.
Because it taps into CEX liquidity, high-margin trading is made possible, along with aggregated lending and various other resources.
Official Public Sale Link
submitted by rivoke to CryptoMarkets [link] [comments]

I bought and sold games on Ebay for a few months, and made $1,500, want to develop this into a business

I'm 21, and very much enjoy buying and selling stuff as a hobby. I'd scour Ebay search's, buy alot of games, a console, and sell them on, and in 3/4 months I made $1,500, which I was pretty happy with.
It isn't mega sustainable, as you don't know if you're going to get a good deal, but like, I had an idea of developing a website/something where I would buy second hand/new games, but pay better prices than the silly trade in prices you get at Game/CEX, but also offer payments in crypto, BACS, etc, cheque if you really wanted, as I think especially crypto is a growing industry.
How should I start with this idea and move ahead? I'm happy to make tiny margins, I just have a passion for buying and selling alot
submitted by MoodyYeti to Entrepreneur [link] [comments]

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:
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.

submitted by Cresource_ to ethtrader [link] [comments]

How I lost 5 BTC on CEXBRO due to confirmed BUG and got only 0.37 BTC compensation.

When CEX opened trading platform, I decided to try it out. I had already some experience on other platforms, so It was interesting to me to see how a new project starts up its flight. So I deposited some amount that I was ready to lose and start trading.

The first couple of months were ok. I was encountering some bugs and issues, and I was filling reports they were fixing the problems, and sending thanks letters. If I suffered any loss due to the bug, they always were compensating it in full.

Up to 1 of July.

If you remember that night price was going down rapidly. I had a lot of short orders opened and many of them were closed by "take profit" price, with high positive P/L. In the morning when I woke up I checked up the terminal. Not too many of my short orders left, just about 5.5 BTC in orders. Problem was that I had a lot of long orders with big negative P/L, but I was fine because I still had a positive usable margin. Now I just write the log with time:

At about 8:23 AM I decided to remove take profit price, because I saw that the price will go down. I had a positive usable margin at this moment. I was unable to perform this action - the terminal logged me out. When I log in again I tried to remove take profit price again. It wasn't removed. I tried to close some big long positions but they won't close either.

Then at 8:29 AM cexbro team saw the issue and they put unscheduled maintenance mode.

Then during unscheduled maintenance, these positions were wrongfully filled (remember, I was trying to remove take profit price):

8542405198051:01:8621 01/07/2019 08:48 Buy 1.00 BTC/USD10,501.386003590.00518214 8537179198051:01:862201/07/2019 08:48 Buy 0.50 BTC/USD10,519.586003250.00226242 8537168198051:01:862001/07/2019 08:48 Buy 0.50 BTC/USD10,515.786003220.00295306 8537157198051:01:860501/07/2019 08:48 Buy 0.50 BTC/USD10,500.086003190.00326741 8536756198051:01:833001/07/2019 08:30 Buy 0.50 BTC/USD10,600.086003040.00394550 8536767198051:01:830301/07/2019 08:30 Buy 0.50 BTC/USD10,611.986003070.00100855 8544258198051:01:830401/07/2019 08:30 Buy 1.00 BTC/USD10,613.486003620.00444143 8541545198051:01:830201/07/2019 08:30 Buy 1.00 BTC/USD10,605.586003560.00831466
After this, my margin fell below 0, because I had only long positions opened. I could not open new short positions at this moment since my usable margin was negative.

At 11:24 AM they send a ridiculous email saying that issue is probably in my browser. I did, however, what they were asking but nothing changed, because the problem was definitely on their side. Somewhere at this point, I noticed that what I was seeing in the terminal had absolutely nothing to do with the real state of the account. I could see some positions that were closed already in the terminal as still opened.

At 11:39 AM, they sent me an email saying that they finally allowed deposits again for my account. At this point, I could add enough liquidity to the account to avoid a margin call. But I decided that this is unsafe to put any money in the system when it's in a state of a complete mess. I couldn't even make an account statement to give them positions that were wrongfully filled.

At 2:49 PM, they sent a big email confirming that issue was on their side and promising compensation of 0.61 BTC (and no, they didn't pay it later)

At 3:31 PM, I sent an email, with my concerns of that because of wrongful filling of my short orders in the morning my account might be in danger of liquidation.

Ar 4:00 PM, they reassured me that I will get compensation for any additional losses.

At 17:10 PM, I asked them to speed up the compensation process. That small compensation of 0.61 BTC they promised before actually could save my account from liquidation because I would get the additional margin to open more short positions.

At 18:56 PM, they decided to close all my long positions, causing the damage of about: 6.33-1.15=5.18 BTC. At that time price has risen, and I should have about 50% margin cover.

After a week of exchanging email with support, including having conversations with their "Supervisor of VIP Customers Claims" guy (who probably spent more time typing large emails than actually looking into an issue) I decided to share the story.

The only thing I regret is time and effort I put into helping them to build a better product. But "A fish rots from the head down"...

I don't really think they would return anything anyway. But if you want to help - please spread this information.
If you have funds on their accounts - be aware of "unscheduled maintenances", this can cost you money.

Now I wouldn't trust them even one satoshi. And probably will withdraw leftovers IF they enable withdrawals for my account.


Today you can pass by and do nothing. But remember this:

"First they came for the socialists, and I did not speak out—
Because I was not a socialist.
Then they came for the trade unionists, and I did not speak out—
Because I was not a trade unionist.
Then they came for the Jews, and I did not speak out—
Because I was not a Jew.
Then they came for me—and there was no one left to speak for me."

To end on a good note, couple hilarious quotes from support with my comments:

"we suppose the issue is related to your own browser. Please go to your browser settings, clear your Web Browser cookies and internet cache, shut down your browser and re-open it." (C) Morgan Larsson
- Sure, that definitely would do the job!

"In addition, the system may become unavailable to you at any time for other reasons - for example, a problem with the Internet, or for instance a problem with Cloudflare which took place recently." (C) George Thompson
- Sure, or a huge meteorite could strike the Earth...

"If you encounter problems which are the reason you suffered additional losses due to our fault, we always investigate each case and we compensate all the losses."
"We found out that you were not able change the take profit of your Short positions, because at that time the system was already partially or completely unavailable." (C) George Thompson
- I'm I the only one who can see a contradiction in this email?

You can find whole email conversation in PDF here: https://clownworldtoken.com/Gmail%20-%20CEX.IO%20request.pdf
Draw your own conclusions.
submitted by vladimirvr to BitcoinMarkets [link] [comments]

Do Coinbase take a Margin?

So I want to trade bitcoin on coinbase and coinbase pro.
Why is the 5% fee so high on coinbase pro compared to other exchanges such as Kraken and CEX?
Also if you change between BTC and USDC on normal Coinbase what price is used? As for example I trade $1000 for BTC, they give me a price with a 5-10% margin?
submitted by iDeanoo to CoinBase [link] [comments]

Margin Trading 101: How It Works - YouTube KCN News: Margin trading for BTCUSD and ETHBTC by CEX IO CEX.IO BROKER - Trading Terminal Guide Cex rant (shitty company) CEX.IO BROKER - Trade with up to 10x leverage on BTC, ETH

CEX is another reputed cryptocurrency exchange based out of the UK, and now it is providing margin trading of cryptocurrencies too. It is operating in this space since 2014, and you can trade BTC/USD, ETH/USD, BCH/USD, BCH/BTC, BTC/EUR, ETH/BTC as of now on its margin trading platform to place a long/short position on any of these pairs at any Margin trading is an often-used opportunity for users on CEX.IO. And with our simple interface, it is easy to use for beginners as well as for professional traders. On average, around 1,500 customers trade with leverage to their benefit monthly. Margin Trading. With 1:2, 1:3 leverages, Cex.IO margin trading means that you spend more as compared to your ability to pay if using your money only. It applies on BTC/EUR, BTC/USD, ETH/USD and ETH/BTC pairs. Security. And here is another actuality at play. It is particularly crucial to set up 2fa, because of the crypto active scammers. Plus What goes into developing a margin trading platform? What is important, and what the team spends the most time on? – CEX.IO Broker For those who just wandered into the article, CEX.IO Broker is a platform for digital assets margin trading based on Contracts for Difference (CFDs).And CFDs are the type of financial instruments that allow traders to trade in price movements of an asset without it was wonderful to get such margin trading features: - to open margin position not on current market prices, but set order pointing specific price. - to change stop loss price. thanks, andy PS. what's so special about your platform for margin trading is that you let to set BTC as collateral currency for BTC/USD pairs. thanks )

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Margin Trading 101: How It Works - YouTube

What is Margin? What is a Margin Account? What is Margin Trading? - Duration: 10:02. Financial Education 145,757 views. 10:02. How to fund your CEX.IO account ... What is margin trading? What is a margin? What is the difference between a cash account and a margin account? In episode #34 of Real World Finance we dive de... CEX.IO BROKER is a platform for cryptocurrency trading via CFDs (contracts for difference) featuring a variety of orders types, technical analysis instruments and advanced trading tools. CEX.IO has announced leverage for bitcoin exchange in dollar and etherum exchange in bitcoin with 1:2 and 1:3 rates for borrowings. Special risk-preventing system ensures closed position at price. We have prepared a brief overview of CEX.IO BROKER trading terminal: how to use trading instruments and drawing tools, open positions and review trading history. See more at https://cexbro.com ...

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