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Discussion in 'Exchanges' started by Yuuue, Nov 1, 2018.
Any recommendation to crypto derivatives trading exchange?
Well, if you decided to deal with crypto derivatives exchanges, you need to remember that you may go quite a difficult path. Cryptocurrency market and forex are very unpredictable. But together they are even harder to foretell and understand. So, before entering such exchanges you need to understand how both cryptos and derivatives arranged.
Agree with Mvango. It's important to understand not only their peculiarities but the risks too. Due to the complexity of the crypto derivatives exchanges, it might be hard to reveal and avoid scammers who usually trying to trick traders. Moreover, the risk may be caused by a specified contract life of the derivative. It means that investment can bring profit to trader only within a certain time and it becomes worthless after. These factors make derivatives exchanges much riskier than common ones.
I’d like to notice that all crypto related sites are risky in a way. However, commentators above are right, crypto-derivatives exchanges are more difficult to use. Moreover, since it’s not easy to find out how they work, scammers frequently trying to trick users of such platforms. In any case, I'd recommend you to look at some informative and honest reviews of such exchanges.
You’re right, but imo it’s better to name at least one tutorial site. As an example, I can name Bitority. It contains full reviews of cryptocurrency exchanges (including crypto derivatives ones) and useful information about digital coins as well http://bitority.com/. For me, it’s actually easier to pick exchange according to its advantages and disadvantages than based on someone’s opinion.
I heard BitMEX supports both cryptos and derivatives. But haven't tried it myself yet. What can you say about it, guys? Have you used it? If yes, pls share your experience.
Derivatives are considered the most difficult financial tools that remain in the priority of the experienced traders. Cryptocurrency derivatives are on extremely high risk and speculative investment due to the price volatility, high leverages reaching 50:1. It’s even riskier than just trading cryptocurrency. If your decision is well-considered and you want to deal with crypto derivatives try Bitmex. It allows both crypto and derivatives trading.
thanks a lot, bro
That is a bit difficult task to do, but if you have good knowledge in trading go for it, earnings for good knowledge is good and you can loose a lot in no time just for warning. I always look for this kind of sites on cryptocurrency directory cryptolinks, there you will find the whole list of these sites with tests and reviews. I wish you good luck with trading and big earnings.
whats the difference between crypto derivatives and regular crypto trading?