Bitmex

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An exchange that gives users the ability to short/long the market on margin.

 

Bitmex is a pretty unique exchange as it allows users to leverage trade Bitcoin, Cardano, Bitcoin Cash, Ethereum, Litecoin, and Ripple on margin of up to 100x. This means that you can multiply your gains (or losses) by up to 100x!. How this works is by providing margin to your trades when you short or long these coins. Shorting means you are betting on this specific coin to go down in value, while longing means you are betting on the specific coin to increase in value.

The most important thing to be cautious of while using this exchange is having the ability to get liquidated. Upon entering a trade, your trade will be given a liquidation point. This price becomes closer to your entry, the higher the leverage you are using. A 10x trade may need to go against you over 800$ to be liquidated, while a 100x trade will only need to go against you about 80$. However, if used in the right circumstance, this exchange carries great potential for increasing your portfolio value.

A downfall of this exchange is that it is not available to US customers

Referral Link To Lower Fees For 6 Months: https://www.bitmex.com/register/87f1JT