Is there any leveraged market that offers this pair at a fee similar or lower to the fee on Bitmex? Thanks!!!
Do you actually need a BTC/ETH trading pair leverage exchange or a exchange with lower fees? Most of the exchanges use USDT as their margin collateral and you could long or short bitcoins/etherum or any other coin by just holding some amount of USDT into your leverage account. There also are some exchanges which would allow you to deposit bitcoins or etherum directly to start leverage trading but I am not really sure how they would circulate.
I am a leverage trader on binance exchange and binance only allows users to deposit BNB and USDT to the leverage account. Fees on binance can vary depending on your trading volume. You can also use BNB to minimize your fees onto the exchange.
Also, if I understand this correctly, do I need to convert my profit in ETH/USDT every time to a 1x long position in BTC/USD? Please elaborate how this would work on Binance or any other exchanges. Thanks!
He doesn't mean that. He simply means that if you open a margin trade on an exchange like Binance/Bitfinex/etc then you need some other form of coin for collateral to be used in the margin trade.
I will give you an example, say you only own LTC. You can deposit LTC to Bitfinex, move to margin account, and open any trade on their platform which allows margin trading. Your LTC will be used as collateral for your trade. So if you lose money, you will lose equal amount of LTC, if you made money you will gain BTC,ETH,USD whichever pair you were trading against. Also your funding fees will be taken from your LTC balance. It will all auto-convert.
