Looking for Crypto Exchange for Margin Trading with high Margin amounts

[Fanta669]

Hello fellow traders,

Hope someone can help me. I am trading regularly at MXC because it is the only exchange I know, where you can margin trade higher amounts. For excample I want to buy CELR on margin. If I do it on Binance or Huobi they give me a margin amount of max 3k. If I do it on MXC I can get 80k on margin.

Here my question, do anyone know another great crypto exchange like MXC, where I get higher margin amounts? Would like to buy OCEAN on margin (but not 3.5k capped margin on Binance)

Thanks alot :-)

[jackg]

Binance have ocean up to 50x (is that what you mean by k)?
You just have to select "futures" instead of "margin" I think they've overcomplicated everything so much they've even managed to confuse themselves at this point considering those two things aren't integrated...

[Maus0728]

Try using Binance. They offer OCEANUSDT Perpetual Futures pair in Futures Trading tab. It'll allow you to select from 1 up to 50x leverage using either Cross or Isolated Margin.

[1] https://www.binance.com/en/futures/OCEANUSDT

[logfiles]

OP i think you are using the margin account part (of borrowing and repaying) which gives small limits. I would suggest you do what @Maus0728  suggested and use Binance Future option which offers higher limits.

For example the OCEANUSDT Perpetual will give you different limits depending on how much leverage you use
5X will get you a maximum position of 250,000 USDT
10X will get you a maximum position of 100,000 USDT
20X will get you a maximum position of 25,000 USDT etc

Please note that not all pairs are listed on futures.

[Fanta669]

Okay thanks alot :-)

[tranthidung]

It'll allow you to select from 1 up to 50x leverage

Generally, trades with leverages x50 or x100 is almost suicide, IMO. Such the trade and leverages are created to enrich exchanges and whales. Retailed traders are liquidated by such trades. Some days after getting many losses from such trades, they will realize that fact and it would be too late and with a deep regret to look back on how many bitcoin they were lost

Many margin traders don't understand the liquidation price calculation and they open leverage trading positions very arbitrarily, then wait for luck and don't have enough skills to manage risks. Back to risk management, it would be wisely not to open such trades at beginning.

It will be more painful if they look at the price of bitcoin.

[cryptoaddictchie]

Here my question, do anyone know another great crypto exchange like MXC, where I get higher margin amounts? Would like to buy OCEAN on margin (but not 3.5k capped margin on Binance)

Well that's you can get from Margin binance trading. That's a lot already, if you have spare cash then do the future instead the margin features. Borrowing and repaying could be sour if you ruin your trades especially if the market is so volatile.

Generally, trades with leverages x50 or x100 is almost suicide, IMO. Such the trade and leverages are created to enrich exchanges and whales. Retailed traders are liquidated by such trades.

If you don't know the market movements. We have technical charts that guide us. Suicide it is for those who just open up an order not having confidence of the possible move. But for those who knows 80% what will happened based on chart could be called legend for opening a leverage with huge such as 100x.

[Fanta669]

OP i think you are using the margin account part (of borrowing and repaying) which gives small limits. I would suggest you do what @Maus0728  suggested and use Binance Future option which offers higher limits.

For example the OCEANUSDT Perpetual will give you different limits depending on how much leverage you use
5X will get you a maximum position of 250,000 USDT
10X will get you a maximum position of 100,000 USDT
20X will get you a maximum position of 25,000 USDT etc

Please note that not all pairs are listed on futures.

Thanks again for the tip with the futures. So I successfully opened my first positions. I have only one more questions regarding the future trading:

Where do I see the cost of the future? I mean when I do a margin trade, I have to pay interest on the borrowed amount. These futures should cost in a similar way right?

Thanks

[Maus0728]

Where do I see the cost of the future? I mean when I do a margin trade, I have to pay interest on the borrowed amount. These futures should cost in a similar way right?

Thanks

You can use the calculator to determine what will be the margin of your trade based on your leverage, entry price, exit price and the amount of contract. I am not quite sure about the interest of your margin since it only serve as the collateral of your trading position. As far as I know, if you are on a losing position, your loss is automatically being reduced proportional from your total balance. Moreover, if you manually close your losing position; your margin will still return to your total balance minus the trading fee unless otherwise your position has been liquidated.

That is how I understand when I do Futures Trading.