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Author Topic: Which exchange is the best for shorting?  (Read 191 times)
Calm N Patience
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June 26, 2018, 04:29:00 AM
 #1

Hi All,

I hope you all safe in this bear market. Do you guys have any experience on shorting? And which is the best exchange for shorting based on volume, its security on hacker and credibility? Thanks in advance.
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richcorner100
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June 26, 2018, 08:54:47 AM
 #2

Did you mean do you want to make profit from crypto trading by open short potition?, if so you can do that in Bitmex exchange and MT4 platform, now many broker offer crypto pair in their MT4 platform like Open FX and Weltrade.

fiulpro
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June 26, 2018, 09:03:23 AM
 #3

If you are thinking about short term trading then I think you should go for 1fox , it's secure and still new in the market but personally it's 1st impression of mine was very credible and nice.
Other than that , I have heard various news about other exchanges being hacked and everything therefore I don't think you should think of that but don't forget about choosing a good wallet with it because at the end of the day it's safer to consider keeping all your funds in the wallet only , you could timely transfer funds and your profits in your wallet and rest use for trading.
Azima85
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June 27, 2018, 01:15:45 AM
 #4

I only ever tried Bitmex, good I would say although very very frustrating when liquidity and volume increase rapidly and you can't place orders then. Heard about 1fox, but never used it myself.
BitHodler
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June 27, 2018, 01:30:03 AM
 #5

BitMEX is the best option.

I however would advise you to think everything through properly before you do anything, because using an exchange as BitMEX means that in the worst possible scenario you lose your entire initial amount.

People think they can handle the stress and risks that come with using such platforms, but it's by far not as easy as it looks. It's more related to a betting platform rather than an actual exchange.

The higher the leverage multiplier is that you use, the sooner your position is wiped out if the market moves in the opposite direction. Most people only use a 2 to 5x multiplier, definitely nothing above the 10x mark.

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June 27, 2018, 07:00:37 AM
 #6

A few days ago I have answered someone about exchanges. I was liked few exchanges site but now I don't it. About 6 days ago my 10 years old email account is disabled by google. For this happening a lot of tokens is stuck into my Binance account and others exchange. Most of the tokens I have in Binance and that account was verified. I had requested to change the email account and for that I had submitted my photo id, holding photo id, Binance balance screenshot, withdraw transaction, Video with my photo id, Account registration date. but Binance doesn't change my email. I am so upset about this. Now I don't believe any exchange to hold money into exchange site.

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gantez
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June 27, 2018, 07:55:48 AM
 #7

I don't know if you are talking in terms of releasing your money if you make some gains? If this is what you mean, then coinexchange is good. They receive and allow your coin move as soon as possible.

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June 27, 2018, 08:10:18 AM
 #8

From my experience bitmex is the best one so far.
captaincomet
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June 27, 2018, 02:11:56 PM
 #9

Bitmex is good. It's legit and secure. Also, you can move your crypto into fiat ( into synthetic USD) by shorting with 1x leverage.
asdnguyenthanhtin
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June 27, 2018, 02:30:49 PM
 #10

Currently bitmex is the number one on margin. It has the biggest current leverage for you to short. Its leverage up to x100. Feeling when the margin in bitmex is excite because there are many parameters to support investors
richshopgh
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June 27, 2018, 02:33:27 PM
 #11

Use Poloniex to trade on shorting assets, It gives you much leverage and the margin you acquired can help you to open a trade size bigger than your current holding. When there is a small moves in your favor, you can make more profit from it.
Nicol3
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June 27, 2018, 04:01:10 PM
 #12

If you are new to trading I would probably suggest Poloniex or Bittrex but sometimes it depends on the coins you want to short trade with. But those are I think the best sites in my opinion fit for short term trading.

pey
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June 27, 2018, 06:33:20 PM
 #13

Binance is the best for shorting, it has most of good coins and most importantly I use binance for shorting as it is very secure exchange I don't want to lose my all money while shorting
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June 27, 2018, 06:46:43 PM
 #14

Binance is the best for shorting, it has most of good coins and most importantly I use binance for shorting as it is very secure exchange I don't want to lose my all money while shorting

Yup, I am with Binance as well because of its trade volume. The number one marketplace makes it very much easier to get lot of volume in 24 hours average. This volume is very very important because when you go for short term then you need to get out of the trades very fast with huge profits. With volume you can get your orders placed and filled very quickly. Thats the successful trade you always want to break the entry point and grab those green line profits. As far as the coins consider, almost every other of them are getting listed over there and naturally binance is good at bringing huge crowd.  Wink


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Calm N Patience
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June 30, 2018, 03:14:54 AM
 #15

Did you mean do you want to make profit from crypto trading by open short potition?, if so you can do that in Bitmex exchange and MT4 platform, now many broker offer crypto pair in their MT4 platform like Open FX and Weltrade.

Yes, I want to trade short position. I've heard about Bitmex but have never heard of MT4 platform. Which is better?
Calm N Patience
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June 30, 2018, 03:20:58 AM
 #16

If you are new to trading I would probably suggest Poloniex or Bittrex but sometimes it depends on the coins you want to short trade with. But those are I think the best sites in my opinion fit for short term trading.

Can Bittrex trade short position? I don't think Bittrex got margin trade?
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June 30, 2018, 03:24:33 AM
 #17

Many of the major exchange such as GDAX and Kraken give you the option to short the coins on their platform.
Calm N Patience
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June 30, 2018, 03:25:25 AM
 #18

Binance is the best for shorting, it has most of good coins and most importantly I use binance for shorting as it is very secure exchange I don't want to lose my all money while shorting

Can Binance trade short position? I don't think Binance has margin trade?
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July 19, 2018, 11:55:35 PM
 #19

I remember that it was possible to short on Poloniex, but I didn't check it for  a long time since I have nothing to short now Smiley
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July 23, 2018, 10:37:29 AM
 #20

Well, I don't have such experience, so I can't say anything about that. I'm trading on cex, 'cause it offers quite high volume and I like all coins they have. IMO, their supply of altcoins is some kind of modern and claimed. But I'd like them to add more coins, that's for sure.


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