Top 3 Platforms for Margin Trading in 2022

The crypto market is highly volatile where ups and downs could be as high as 30% to 50% of the asset value. Meaning, if an asset is $100 today, it can go as high as $150 to even $200 the next day or come down crashing to even $20 or $30. Such sharp volatility makes the crypto market a perfect hub for margin trading. 

In margin trading, the trader can trade with borrowed money from the exchange. Usually, the trader has to open a futures contract and pick the leverage range as per their farsightedness and speculations. For example, if trader A thinks that Bitcoin will be $1000 per coin and he has $100 with him.

He can open the futures contract/ margin trading and bid for an uptrend for BTC at the time of contract expiration. So, if he has said that within 7 days, BTC will be priced at $1500, if that happens, trader A will make a profit on the appreciated value of the BTC. 

However, if the price falls, he will have to either close his position or fund the contract to prevent liquidation. So as you see, leverage trading gives ample earning opportunities to traders with limited income but it can also cause severe losses for wrong predictions. Therefore one must be cautious in picking the right platforms that support margin trading with limited fees to enter the contract. In this article, we shall see a few top platforms where you can trade crypto with leverage at a marginal cost. 

Top Platforms to Trade Crypto With Leverage 

#1 Binance

Undoubtedly, this name makes sense in the list of top exchanges for margin trading because of its high trading volume and liquidity. Binance’s UI and UX are very simple for margin trading. With just a few clicks, a trader can open the margin contract and trade cryptos with leverage. On top of this, to safeguard users’ trading experience, Binance also maintains a margin insurance fund to protect its overall liquidity. This gives the traders a chance to capitalize on their gains as and when required without any glitch like funds not being available or contract cannot be closed at the moment. 

Furthermore, on Binance, a trader can experience margin trading at 10x leverage on the spot market and 125x on the derivative market which can maximize their yields significantly. There’s another upside on Binance when traders use the BNB tokens to pay for the margin trading interest. For using the BNB, a flat 5% interest would be waived off while making the payment. In addition to this, suppose users do not want to expose themselves to margin trading but they need the same upside of margin trading. For that need, they can trade in leveraged tokens. Using the leveraged token, a trader can short an asset without the compulsion to margin trade. 

Crypto Margin Trading top exchanges to pick for 2022

#2 FTX

Like Binance, FTX has also integrated smart features like 3 Tier liquidity to support margin trading making the exchange feature on this list. The 3 Tier liquidity allows risk coverage from the market, commodity, and foreign exchange safeguarding margin traders. On top of this, there’s also a provision for sub-account operations where a specific wallet facilitates such trades. FTX furthermore allows users to enjoy leverage up to 101x on the product on which they want to speculate. 

As far as the lending and borrowing rates are concerned, borrowers need to generally pay more margin rates in comparison to the lenders on FTX while margin trading. 

Crypto margin trading top exchanges to pick for 2022

#3 Kraken

Top platforms that could help streamline margin trading in 2022
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UAE Prepares to Launch Nationwide Crypto Licensing System in Line With Global Standards

UAE to Start Issuing Crypto Licenses to Grow Crypto Economy, Attract Big BusinessesThe United Arab Emirates (UAE) is getting ready to start issuing federal licenses to cryptocurrency service providers in the first quarter. The UAE crypto regulation will take a hybrid approach. The government hopes that a nationwide crypto licensing system will attract big companies to the region. UAE Prepares to Regulate Crypto Sector Nationwide The United […]

US Senate Banking Chief Criticizes Super Bowl Crypto Ads, Claims ‘Big Crypto Companies Are Desperate’

US Senate Banking Chief Criticizes Super Bowl Crypto Ads, Claims 'Big Crypto Companies Are Desperate'The United States senator from Ohio and Senate Banking Committee chief Sherrod Brown is not a fan of cryptocurrencies. This week during Tuesday’s stablecoin hearing, Brown criticized all the cryptocurrency companies who advertised during the Super Bowl this past weekend and stressed that he’s “never seen the Federal Reserve buy a multimillion-dollar commercial for U.S. […]

Those 3 Crypto Exchanges are Placing ADS during the SUPER BOWL!

Tonight is the world’s largest single annual sporting event. The Super Bowl is the final of the National Football Association (NFL) and THE sporting event in the USA. Hundreds of millions of people will tune in tonight It also became usual to see crypto companies advertise on those big events. Let’s talk about the 3 companies that made it to the Super Bowl crypto ads.

#1 FTX

The crypto platform FTX has been one of the largest crypto exchanges in the world for years and, as a company, also has the resources to advertise at the Super Bowl. FTX has already uploaded the first content of the spot to YouTube. A monk can be seen there who warns the viewer not to miss the coming Sunday.

https://www.youtube.com/watch?v=9psoqygK5dg

The monk also makes a big announcement: the exact time the spot will air is the value of bitcoins that viewers can win in bitcoins. If the spot is broadcast at 8:50 pm, participants can win 8.5 bitcoins. To do this, viewers must retweet the pinned tweet after the ad is broadcast. Unfortunately, only US citizens are eligible to participate.

#2 Coinbase

Another of the largest crypto exchanges in the world, Coinbase, also wants to air its own commercial at the Super Bowl. However, the exact content of the Coinbase advertisement is not yet known.

Now is an ideal point to get into Bitcoin cheaply. Buy bitcoin and other cryptocurrencies on crypto exchanges  Binance , FTX and  Coinbase !

coinbase

#3 Crypto.com

Crypto.com is the big newcomer among the crypto exchanges and also wants to run its own commercial at the Super Bowl. In recent months, the company has primarily become known through sponsoring in the sports sector such as the UFC. In addition to sponsorships in Formula 1, Crypto.com has also acquired the naming rights to the former Staples Center, the LA Lakers basketball arena, and the Clippers.

Dustin Poirier wearing a Crypto.com t-shirt during a UFC match
Dustin Poirier wearing a Crypto.com t-shirt during a UFC match

Super Bowl
Super Bowl© Cryptoticker

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How to Buy Cardano (ADA) on Binance? – Step by Step Guide

Cardano (ADA) is a fairly exciting project in the cryptocurrency world. Yet, it has climbed quickly in terms of price and platform expansion. Cardano seeks to be more involved and developed than any other equivalent project. This post is all about how to buy Cardano (ADA) on Binance. Let’s take a look at it in more detail. At the time of writing this, the ADA price is sitting at $1.24. 

How to buy Cardano (ADA) on Binance?

The first method is to buy USDT using the P2P option

Step 1

Login to the Binance Account. Now, it is important to note that USDT and ADA trade in pairs. So, now buy USDT to trade ADA. Go to trade on Binance.

Step 2

Now, click on P2P as displayed in the above image.

Step 3

Now, change the currency as per your preference and select a payment alternative. A dialogue box will emerge. Click the agreement tickbox and confirm.

Step 4

Select the amount of USDT you want to trade. It will display how many USDT you will obtain. You can choose payment alternatives like PayPal, Skrill, Perfect Money, and Banco for the same. Once you complete the payment, your funding wallet will accept the asset.

Step5

Now, the next step is to swap your USDT for ADA. For this, again Click on the Binance Logo and then click on Trade. After this, click on convert. Once you have the USDT balance, swap it for Cardano (ADA). It takes 5 seconds to confirm the transaction.

How to Buy Cardano (ADA) using a Debit/Credit Card?

You can buy ADA with Debit and Credit cards as well. For this, click on buy crypto on the side of the Binance logo and then select buy Crypto with Debit/Credit Card option. The above screen will appear. Enter the amount you want to spend on buying ADA. 

Buy Cardano
Buy Cardano© Cryptoticker

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Bitcoin & cryptocurrency news

Crypto.com HACK: Withdrawals Suspended! Here’s what Happened

Breaking News: A couple of hours ago, the well-known exchange Crypto.com suffered from an unidentified hack. This fiasco made the company halt all withdrawal transactions and reset the saved credentials of all users. What specifically happened with the Crypto.com hack and what happened specifically?

Crypto.com Hack Info

On Monday nono UTC time, multiple users reported that they cannot make any withdrawal from their crypto.com account. Users also noticed that despite their credentials being saved on their PC or Mobile devices, they had to sign in again. This was a precautionary action taken by the company to limit the escalation of further breaches. Additionally, users were advised to reset their 2-factor authentication and set it up again.

Dogecoin founder Billy Markus also added to the fiasco. He noticed a suspicious transaction pattern on Etherscan that instigated the company to suspend all transactions until it extrapolates out what’s going on with its platform.

The post Crypto.com HACK: Withdrawals Suspended! Here’s what Happened appeared first on CryptoTicker.

Top 3 Cryptocurrency Exchanges for 2022

Cryptocurrency investment and trading have become extremely popular, especially due to the fluctuations in the worth of various cryptocurrencies. This post is all about the top 3 cryptocurrency exchanges for 2022. Let’s take a look at it in more detail.

Top 3 Cryptocurrency Exchanges: Coinbase

https://twitter.com/coinbase/status/1474155302266171394?s=20

Based in San Francisco and launched in 2012, Coinbase has become one of the most famous crypto exchanges. The platform recently touched new heights in 2020 after it finished the year with a trading volume of $89 billion. Newbies usually prefer Coinbase due to the accessibility of widely popular cryptocurrencies other than Bitcoin and Ethereum.

Coinbase also enables users to buy various tokens with the fiat currency of their country. For experienced traders, Coinbase has founded Coinbase Pro, a crypto exchange that permits peer-to-peer trading with more specialized instruments.

The amazing thing about this platform is that it allows users to sell 75 virtual assets across its platform. It has three types of apps for users to execute their moves. The Coinbase app, the Cooinbase pro app, and the Coinbase Wallet app are available on iOS and Android. It also provides users with the securest possibilities when it comes to investing and trading crypto. It requires 0.5% fees for purchasing and selling cryptocurrency on the platform. In the case of the Coinbase Pro app, its flat and varying fees are as per the modifications according to market trends.

Top 3 Cryptocurrency Exchanges: Kraken

https://twitter.com/krakenfx/status/1412752153949659138?s=20

Kraken is one of the most famous crypto exchanges. With presently 55 various cryptocurrencies listed on the platform and trading expenses of 0.16% and 0.26% respectively, the California-based firm has successfully placed itself as a trustworthy site to trade cryptocurrencies. 

The exchange satisfies the conditions of regulators in every country where it functions. With the extra attributes proposed, such as staking, margin, and futures trading, the platform has expanded globally. The relatively intricate user interface and the absence of investment security are some of the minor drawbacks, but this is not a critical problem viewing the otherwise very solid advantages.

Kraken has more intricate trading for state-of-the-art users. This contains low-fee margin trading, which is a more difficult structure of investment that can potentially fetch more increased returns. It also proposes fortunes trading on specific cryptocurrencies. Margin fees differ by cryptocurrency. Just like many crypto exchanges, Kraken mostly employs a maker and taker cost measure. Basically, this implies that users obtain a lower fee if they incorporate liquidity into the market rather than carrying it away.

Top 3 Cryptocurrency Exchanges: Binance

https://twitter.com/binance/status/1479418661370691584?s=20

Binance is one more crypto exchange with reputation and popularity in the crypto world. It was established by Changpeng Zhao. Binance is now the number one crypto exchange when it comes to trade volumes.

After China banned crypto in 2017, Changpeng Zhao moved his headquarters to Japan. In the past few years, the crypto exchange’s base of function had moved across various countries. In 2020, CZ moved the firm’s headquarter to Malta, a country comprehended for frankness towards crypto and blockchain. At the moment, the headquarter of Binance is now in Caymans Island, with its other offices spread over 50 sites worldwide.

Binance gives traders an extensive inventory of digital assets to deal with its BNB token also enclosed. Nevertheless, the platform is still advancing the number of backed tokens. Another basis it has an extensive collection of tokens is that it reacts to trending tokens which are fast listed so its users can purchase them.

It has a desktop app but it gives mobile users a mini version on their Android and iOS devices. Binance sets withdrawal costs according to the market trends while saving coins on the platform is free. Trading costs on the crypto exchange are 0.1% when users don’t bear the expenses using BNB. Just like Coinbase, hosting a wallet on the crypto exchange is completely unrestricted.

Top 3 Cryptocurrency Exchanges
Top 3 Cryptocurrency Exchanges© Cryptoticker

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3Commas Review: Bitcoin & Cryptocurrency Trading Bot Platform

3Commas Review

As the cryptocurrency world continues to mature, crypto traders are being presented with an ever increasing range of services designed to help simplify the trading process, and help traders of all experience levels to record consistent gains. 3Commas is a comprehensive cryptocurrency trading platform that allows its users to make use of automated trading bots […]

The post 3Commas Review: Bitcoin & Cryptocurrency Trading Bot Platform appeared first on Blockonomi.

Pakistan Freezes Over 1,000 Accounts and Cards Used For Crypto Trading

Pakistan Freezes Over 1,000 Accounts and Cards Used For Crypto TradingAuthorities in Pakistan have reportedly moved to seize hundreds of bank accounts and cards belonging to cryptocurrency traders. According to local media, they have been allegedly used to make transactions worth close to $300,000 through digital asset exchanges, including major platforms. Pakistan Government Blocks Cards Used to Buy Cryptocurrency, Media Reveals Bank accounts in the […]

Visa Partners With 60 Crypto Platforms to Let Consumers Spend Digital Currency at 80 Million Merchants

Visa’s head of crypto has revealed that the payments giant has partnered with about 60 leading crypto platforms “to launch card programs that make it easy for consumers to convert and spend digital currency at 80 million merchant locations worldwide.” He emphasized, “We’ve built a lot of momentum in this space, and we’ll continue to […]

The post Visa Partners With 60 Crypto Platforms to Let Consumers Spend Digital Currency at 80 Million Merchants appeared first on CoinRegWatch.