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Author Topic: Multi asset mode  (Read 207 times)
Oshosondy (OP)
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July 31, 2023, 06:53:05 AM
 #1

I have just noticed on Binance that Cardano (ADA) and Polkadot (D0T) have been delisted from their derivatives multi-asset mode. Solana which is more volatile was first delisted. The remaining ones are Bitcoin, Ether, Binance Coin and Ripple. While the other ones are stable coins like USDT, USDC, USDP, TUSD and BUSD.

The only exchange that I use for multi-asset mode is Bybit which is called unified trading account. I have been looking for another crypto exchange to trade more volatile assets that I can be able to use multi-asset mode with them or having a unified trading account. What other exchanges can you suggest?

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July 31, 2023, 11:49:15 AM
 #2

I will suggest Bitget. I recently signed up with them and apart from seeing most of the volatile assets I want to trade, I found some other interesting functions there which im still working on understanding better before using them. You will like the exchange.

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July 31, 2023, 02:28:15 PM
 #3

All I know is that it is also available on OKX, in fact they also have another mode option "margin portfolio" which I guess will enable all your portfolio as trade collateral. I haven't tried exploring further, so I don't know if they also did coin delist recently. Let's just say this isn't a suggestion. Grin

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July 31, 2023, 10:07:15 PM
 #4

I will suggest Bitget. I recently signed up with them and apart from seeing most of the volatile assets I want to trade, I found some other interesting functions there which im still working on understanding better before using them. You will like the exchange.
Are you sure they have a multi-asset mode that OP is trying to look for?



I used to think Bitget was a cool exchange until I started seeing some accusations of them being scammers, and I don't think I could recommend anyone using that exchange again. I would feel so bad referring someone to an exchange, and they end up being scammed.

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August 01, 2023, 05:55:39 AM
 #5

I will suggest Bitget. I recently signed up with them and apart from seeing most of the volatile assets I want to trade, I found some other interesting functions there which im still working on understanding better before using them. You will like the exchange.
Do not mind my question. Can you explain what I mean by multi-asset mode? The reason I asked is because I do not think that Bitget has it. Or I will like another person to let me know if this is true.

All I know is that it is also available on OKX, in fact they also have another mode option "margin portfolio" which I guess will enable all your portfolio as trade collateral. I haven't tried exploring further, so I don't know if they also did coin delist recently. Let's just say this isn't a suggestion. Grin
I think the multi-currrency mode is about using fiat to trade. I am not sure of that.

But what I am looking for is portfolio margin. If you need to trade with either multi-currrency or portfolio margin, you need at least $9900 worth if cryptocurrencies that you have on the exchange. It was reduced from $50000 to $9900.

I do not have up to $9900 that I can keep on an exchange. I have many exchanges and I do not even have up to that amount. When other exchanges make multi-asset mode to be possible with just $10 or less that you have on your exchange account, why OKX is very different.

I used to think Bitget was a cool exchange until I started seeing some accusations of them being scammers, and I don't think I could recommend anyone using that exchange again. I would feel so bad referring someone to an exchange, and they end up being scammed.
I too do not like exchanges of poor or bad reputation.

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August 01, 2023, 06:30:39 AM
 #6

To answer question above me, multi asset mode just means you can buy something using the combined usd value of all assets, instead of having to buy each asset pair. For example you have 100 LTC and 10000 DOGE you want to buy BTC normally you have to use LTC/BTC pair and DOGE/BTC pair. Multi asset means one trade.

To OP, don't go Bitget, bad things. I know more and more people using Bybit (check Coinglass for other derivatives).

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August 01, 2023, 06:46:57 AM
 #7

To answer question above me, multi asset mode just means you can buy something using the combined usd value of all assets, instead of having to buy each asset pair. For example you have 100 LTC and 10000 DOGE you want to buy BTC normally you have to use LTC/BTC pair and DOGE/BTC pair. Multi asset means one trade.
You are correct, but not totally correct. With the multi-asset, you can use the coins that you have like 10 BTC, 5 LTC , 100 USDT to open position in USDT equivalent (not just a trade). If you want to be correct about that, derivative or future trading has to be mentioned.

Not the pair that you will use, I mean the part that I bolded. You have to use the coins. I can understand what you are trying to say and I know you know what it is.

To OP, don't go Bitget, bad things. I know more and more people using Bybit (check Coinglass for other derivatives).
I am using Bybit. I mentioned that in the OP. I only need one one trustworthy exchange for it.

The only exchange that I use for multi-asset mode is Bybit which is called unified trading account. I have been looking for another crypto exchange to trade more volatile assets that I can be able to use multi-asset mode with them or having a unified trading account. What other exchanges can you suggest?

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August 01, 2023, 12:30:42 PM
 #8

Have you also considered  coinbase, kucoin exchange, from my little research I understand they are top exchanger with good trading volume. And exchange with good liquidity can as well provided such multi-asset trading pairs. Usually if not for the delisting of this coin you mentioned above and from my understanding, you seems to have interest in those coin you mentioned than others. Most times it's pretty nice to use a regular exchange that supports your country or that has branch to your country just as Binance did.
 
I can't categorically say that I had an encounter with other exchange if not of Binance and Bundle though it's so painful to see an only app that eases trading for our country no longer exists., But however, when you look from coinmarketcap you would know there are lot of exchange but it all depends on how you put your trust in them I believe centralized exchange sometimes aren't to be trusted all time as they may fails.

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Oshosondy (OP)
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August 01, 2023, 01:04:49 PM
Merited by Zoomic (2)
 #9

Have you also considered  coinbase, kucoin exchange, from my little research I understand they are top exchanger with good trading volume. And exchange with good liquidity can as well provided such multi-asset trading pairs. Usually if not for the delisting of this coin you mentioned above and from my understanding, you seems to have interest in those coin you mentioned than others. Most times it's pretty nice to use a regular exchange that supports your country or that has branch to your country just as Binance did.
 
I can't categorically say that I had an encounter with other exchange if not of Binance and Bundle though it's so painful to see an only app that eases trading for our country no longer exists., But however, when you look from coinmarketcap you would know there are lot of exchange but it all depends on how you put your trust in them I believe centralized exchange sometimes aren't to be trusted all time as they may fails.
We can not trade on Coinbase in my country. Let us forget that, but also that Coinbase do not allow derivative or margin trading because leverage trading is not allowed in United States.

Not on Kucoin.

You can not use Coinmarketcap to know about it. You can use Coinmarketcap to know the coins listed on an exchange and if an exchange also has derivative pair.

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Cryptoababe
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August 01, 2023, 04:19:42 PM
 #10

I will suggest Bitget. I recently signed up with them and apart from seeing most of the volatile assets I want to trade, I found some other interesting functions there which im still working on understanding better before using them. You will like the exchange.
Are you sure they have a multi-asset mode that OP is trying to look for?



I used to think Bitget was a cool exchange until I started seeing some accusations of them being scammers, and I don't think I could recommend anyone using that exchange again. I would feel so bad referring someone to an exchange, and they end up being scammed.

I also saw this guy calling Bitget scam until a made some research and notice that he partnered with a project called REELT, get huge amount of tokens with them, and tried to Rugpull them on Bitget Exchange. So, seems Bitget was trying to help a lot of investors and an upcoming project by freezing is Bitget account. I don't think thats Scam. Its obvious that its a scam prevention or anti scam action.

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August 01, 2023, 04:31:10 PM
 #11

I will suggest Bitget. I recently signed up with them and apart from seeing most of the volatile assets I want to trade, I found some other interesting functions there which im still working on understanding better before using them. You will like the exchange.
Do not mind my question. Can you explain what I mean by multi-asset mode? The reason I asked is because I do not think that Bitget has it. Or I will like another person to let me know if this is true.

There is no multi asset mode on Bitget for now. I thought there was though because I started using the exchange not long and I follow all thier twitter account for updates. So, I thought with their recent trade smarter implementation, there should be multi-asset mode.
Moreover, I stop using multi-asset mode after FTX insolvency. I hope you know that its only favourable in bull market?

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August 01, 2023, 04:40:54 PM
 #12

I used to think Bitget was a cool exchange until I started seeing some accusations of them being scammers, and I don't think I could recommend anyone using that exchange again. I would feel so bad referring someone to an exchange, and they end up being scammed.
I too do not like exchanges of poor or bad reputation.

I haven't seen any bad reputation so far. Apart from the Evan issue. And his problem was that he got his account frozen because he is trying to dump on a project called REELT as ive explained here

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August 02, 2023, 01:17:55 AM
 #13

yes I just barely know that Bybit supports multi asset mode I think to this date only binance and bybit other Futures platfrom usually using USDC or USDT.

Even Binance do delisted some of their BUSD pair in futures i dont know for what reason maybe BUSD still have ongoing issue with SEC

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slaman29
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August 02, 2023, 08:02:24 AM
 #14

I am using Bybit. I mentioned that in the OP. I only need one one trustworthy exchange for it.

Damn sorry man, for some reason I read OP and only caught Binance. Did Coinglass help you? I don't trade anymore but everyone I know seeing a peek at my old channels are doing derivatives using Coinglass. But of course only to view not to trade. I understand it shows liq charts from a lot of sources. I'm sure many have copied this now.

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Oshosondy (OP)
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August 02, 2023, 08:18:18 AM
 #15

Even Binance do delisted some of their BUSD pair in futures i dont know for what reason maybe BUSD still have ongoing issue with SEC
This is not even about the bears, as long as there is a coin on the multisig asset trading mode, you will be able to trade all listed pairs on the future trading platform, that is how it works.

Damn sorry man, for some reason I read OP and only caught Binance. Did Coinglass help you? I don't trade anymore but everyone I know seeing a peek at my old channels are doing derivatives using Coinglass. But of course only to view not to trade. I understand it shows liq charts from a lot of sources. I'm sure many have copied this now.
There is nothing like that on Coinglass. What I know is that, the people that are using an exchange and they saw the feature to be on the exchange, these are the people that can give you the accurate information needed.

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August 15, 2023, 02:26:20 PM
 #16

I have just noticed on Binance that Cardano (ADA) and Polkadot (D0T) have been delisted from their derivatives multi-asset mode. Solana which is more volatile was first delisted. The remaining ones are Bitcoin, Ether, Binance Coin and Ripple. While the other ones are stable coins like USDT, USDC, USDP, TUSD and BUSD.

The only exchange that I use for multi-asset mode is Bybit which is called unified trading account. I have been looking for another crypto exchange to trade more volatile assets that I can be able to use multi-asset mode with them or having a unified trading account. What other exchanges can you suggest?
I feel like that should be fine, it wasn't really all that interesting to me and whoever found it interesting has to just accept the situation. Binance is a company and they have to do whatever they have to do as a company and that's the important part.

I do not think that it is going to be something that would be good enough in the end, I believe that it is going to be something that matters a lot worse eventually. I just hope that we need to focus on what to do and whenever there is something that is beyond your reach like this, then you just have to find something else that you can do and that would be improvement in the end. I believe that we could potentially do something that will benefit everyone eventually.

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August 16, 2023, 05:41:17 PM
 #17

Hmm, Still not clear about the question is Op are you asking about the Future trading pairs range and availability on different exchanges, if yes than buddies Okex, Kucoin, and Kraken with Huobi Global on some instant offer a good range of trading pair in the perpetual trading. I don't prefer the future trade so I don't have the features and experience on different exchanges. For SOL I think it can be considered a half-dead project as well due to their time-to-time network down state.

Well I do agree a bit volatile market brings some excitement in the future market but at that time the trader potentially put on stake all the risk management to make some profits, you can it kin of gamble on trade.

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August 16, 2023, 05:47:23 PM
 #18

Hmm, Still not clear about the question is Op are you asking about the Future trading pairs range and availability on different exchanges, if yes than buddies Okex, Kucoin, and Kraken with Huobi Global on some instant offer a good range of trading pair in the perpetual trading
If you are not trading multi-asset mode, you can not understand.

OKX support it, but if you have at least $9900 but which I do not have. Even if I have it, I can not leave up to that amount on a centralized exchange.

I have not used Kraken before but I do not think it is supporting it. I am using Kucon and Huobi Global, neither both is supporting it.

I don't prefer the future trade so I don't have the features and experience on different exchanges. For SOL I think it can be considered a half-dead project as well due to their time-to-time network down state.
This is not about this thread, but I will like to know why you said Solana is a dead project. How do you not know the meaning of a dead project? How is Solana a dead project? You are not right about this at all. If Solana increased 10x or more in the next bull market, do not be disappointed. Although bitcoin is the recommended asset, not altcoins.

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August 16, 2023, 06:22:14 PM
 #19

I will suggest Bitget. I recently signed up with them and apart from seeing most of the volatile assets I want to trade, I found some other interesting functions there which I'm still working on understanding better before using them. You will like the exchange.
Are you sure they have a multi-asset mode that OP is trying to look for?



I used to think Bitget was a cool exchange until I started seeing some accusations of them being scammers, and I don't think I could recommend anyone using that exchange again. I would feel so bad referring someone to an exchange, and they end up being scammed.
This is bad if this is true, I was even thinking of creating an account with them lately, I wonder how they are going to succeed in business with such a bad reputation in their early stage of operation with the number of exchanges currently in business competition with them, but some people I know currently using the platform “Bitget” have not complained badly about the platform.

 
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