I was looking for some ways to increase my profits and eventually decided on margin trading. I am aware of the risks, but the potential gain impresses. What should I consider before going in for margin trading and which exchange offers more favorable conditions for that?
You can use OKex quite cheap interest rates, Okex support 3-5x leverage with many different trading pairs. In addition, Okex also has futures contracts and permanent swaps with higher leverage.
I have tried Okex margin trade too and I really agree with you that they are wonderful, Okex is one of the best exchanges, though I am having little issue with them as regards their decisions to delist all privacy coin, but what can I do, I think they all want a crypto space that is free of scammer.
Another exchange that is very good to try is also Binance margin. I have only tried them once ever since they created them though, but I think it is also worth trying and we know how perfect binance has always been in all its dealing, but I think Okex is still the best for now, though I have not traded on margin trade for a while now because of the fluctuations of the market which is making it quite difficult for one to trade and you know that margin trade could really be a very risky one, so I dont want to take my chances this period until the market is a little bit settled.