Exchange with Margin Trading (lend usd/t) search for alternative for binance

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: notblox1 on December 18, 2019, 02:50:42 PM

I think that Kucoin exchange have margin trading platform called Kumex.
They should be more reliable than most of other alternatives, but none of them should be fully trusted.

they use the perpetual swap model, same as bitmex. it's not exactly an alternative to binance or bitfinex, which are simpler to use and understand.

the liquidity is also poor on kumex compared to larger derivatives platforms. the spread alone is 0.15% during non-volatile times, let alone during violent moves. i would be wary of taking out large positions there.

with deribit rolling out mandatory KYC next month, i'm hoping kumex will pick up some of their customers though. we'll see.

notblox1

legendary

Activity: 2086

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Logo Designer ⛨ BSFL Division1

I think that Kucoin exchange have margin trading platform called Kumex.
They should be more reliable than most of other alternatives, but none of them should be fully trusted.

shorty2k

newbie

Activity: 13

Merit: 0

and bitfinex has the tether risk to maybe get shut down...

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: countryfree on December 17, 2019, 05:58:09 AM

Stay out of Poloniex!

This exchange socializes losses among its customers, so you may end up losing your cryptos, even if you haven't done anything wrong.
More info about that on this topic.

that's a fair warning, though i believe it applies to virtually all p2p margin lending platforms. that's why the rates pay as high as they do---to justify the liquidity risks (in addition to the custodial exchange risks).

bitfinex says this on one of their support pages:

Quote

In theory, these measures could still cause margin traders to lose more than the funds they hold in their account as collateral. Up to a certain point, we will cover the losses from our own reserves; however, if the price would change so dramatically that the majority of all margin positions would drop below zero, losses eventually will be shared with margin funding providers. This has never happened in the existence of our platform, but in theory, it could happen.

Providing liquidity in margin funding is not risk-free; however, interest rates are typically far higher than you achievable at through a typical savings account. In the end, it's up to the user to weigh this risk and gains.

countryfree

legendary

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Your country may be your worst enemy

Quote from: skiorf on December 04, 2019, 07:53:02 PM

maybe you also need to see the Poloniex exchange, there is one of the best mangin exchanges ever. I still use it for margin trading. I like that in exchange there are many crypto choices that can be marginalized.

Stay out of Poloniex!

This exchange socializes losses among its customers, so you may end up losing your cryptos, even if you haven't done anything wrong.
More info about that on this topic.

shorty2k

newbie

Activity: 13

Merit: 0

and most at https://cryptolend.net/rates.html
are bitfinex anyway. that exchange i would not touch

shorty2k

newbie

Activity: 13

Merit: 0

ok

i think there are 2 different types for leverage trade

#1 margin usd(t) burrow with interest rate on this minus saldo

#2 perpetual swaps,
all the guys with "p&L" and funding rates
like the option with kraken, or bybit or duedex

here i just wanted to concentrate on #1

this link is usefull, thx
https://cryptolend.net/rates.html
just binance missing in the list

any more options for this #1?

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: shorty2k on December 16, 2019, 02:48:20 PM

thx

from my first view there is still no good alternative for margin trading to binance

poloniex has 2% interest per day! (if the info in youtube tutorial is right)

mhh

2% per day sounds way off. i can't see the funding order book (i think you need an account) but i would look at the actual market rates, which are variable. the highest rates shown on cryptolend (which tracks poloniex) are 0.032% per day. https://cryptolend.net/rates.html

kraken charges 0.01% to open a margin position + 0.01% interest every 4 hours. compounding interest hurts my head so let's call it 0.07% per day. https://support.kraken.com/hc/en-us/articles/206161568-What-are-the-fees-for-margin-trading

shorty2k

newbie

Activity: 13

Merit: 0

thx

from my first view there is still no good alternative for margin trading to binance

poloniex has 2% interest per day! (if the info in youtube tutorial is right)

mhh

squatter

legendary

Activity: 1666

Merit: 1196

STOP SNITCHIN'

Quote from: shorty2k on December 15, 2019, 04:01:36 PM

so there is no real alternative to binance for margin trading (with similar fictionality)

P2P lending and margin trading is available on Poloniex. They also support USDC (issued by Coinbase/Circle), not just Tether.

Gate.io supports P2P lending for USDT and a host of cryptocurrencies.

Cryptology advertises P2P funding for margin trading, but I'm not sure on the details. I can't make an account there as a US resident.

shorty2k

newbie

Activity: 13

Merit: 0

so there is no real alternative to binance for margin trading (with similar fictionality)
??

come on!
Cry

shorty2k

newbie

Activity: 13

Merit: 0

but bitfinex and tether are in the same boat anyway

no more alternatives?
banks or some other player?

USDT:
OKex 0.098% per day = 35,77% p.a.
Binance 0.00114583% per hour = 10,04% p.a.
...

any more for the list of margin lend interest rates?

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: shorty2k on December 05, 2019, 05:11:56 AM

USDT:
OKex 0.098% per day = 35,77% p.a.
Binance 0.00114583% per hour = 10,04% p.a.

what else we have?

any exchanges where you can lend "real" USD or EUR ?

It is "real" USD and EUR on Bitfinex. They issue/redeem USDT for deposits and withdrawals, but the markets on Bitfinex are not Tether-based. That's one reason why there is often a discrepancy between global BTCUSDT prices and Bitfinex BTCUSD prices.

shorty2k

newbie

Activity: 13

Merit: 0

nice, thx
that are very good points

margin trade borrow
interest rates: yes sure high

if i calculate right, p.a. all to compare, if you like we can make a list together

USDT:
OKex 0.098% per day = 35,77% p.a.
Binance 0.00114583% per hour = 10,04% p.a.

what else we have?

any exchanges where you can lend "real" USD or EUR ?

Aaroenz0r

full member

Activity: 504

Merit: 100

Option Blitz

Quote from: shorty2k on December 03, 2019, 06:05:26 PM

Hi together!

searching for an exchange where you can make margin trading in the way that you lend usdt or better usd or eur
and buy coins with it then

binance margin works exact like that, but i search for alternatives.
in binance you use usdt and pay 10,03% p.a. on the minus usdt blance

any?
compare is good anyway

this seo blogs about it are shit, and all chil bybit bla,
so let us take a better look on alternatives here

thanks
shorty

That rate is quite high but I think it makes sense because it is a big exchange. They do business reputable and you will not be afraid of fraud so Binance will be one of the best choices. and I also recommend not going to other exchanges, use the exchange you use often because it has so many advantages. when you are used to trading at one place, the efficiency when you work there is also very high and your orders will be more standard than ever.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: aardvark15 on December 04, 2019, 09:30:03 AM

I think Poloniex may have margin trading so you could take a look at them. Possibly Kraken as well. I’ve used both of those exchanges but it’s even a while.

I recommend against Poloniex. They don't adequately protect their lenders from borrower defaults. Earlier this year they stuck lenders with an 1,800 BTC loss after a flash crash: https://www.coindesk.com/margin-lenders-lost-13-5-million-in-may-to-poloniex-crypto-crash

Kraken doesn't offer P2P borrowing/lending. When you margin trade there, the leverage is provided by Kraken:

Quote

The funds all traders use for margin trading come from Kraken’s margin pools. While these funds are being used, they remain Kraken’s assets — no loan is enacted by our margin trading product.

Client funds are never used for Kraken’s margin trading pools or exposed to the market when trading on margin.

skiorf

sr. member

Activity: 812

Merit: 310

maybe you also need to see the Poloniex exchange, there is one of the best mangin exchanges ever. I still use it for margin trading. I like that in exchange there are many crypto choices that can be marginalized.

shorty2k

newbie

Activity: 13

Merit: 0

thx alot. will check all of them.
OKex looks good, exact that fuction i need

any exchange where you margin lend real usd or eur and not usdt ?

i dont know if thats better

but in case sth happens with tether.. so bitfinex is out
just to have a nice alternative

nreal

full member

Activity: 932

Merit: 100

arcs-chain.com

You can learn about the margin of OKex exchange. This exchange has a flexible cryptocurrency lending and savings policy. You can save your money and withdraw anytime.

aardvark15

hero member

Activity: 1008

Merit: 510

I think Poloniex may have margin trading so you could take a look at them. Possibly Kraken as well. I’ve used both of those exchanges but it’s even a while.

Topic: Exchange with Margin Trading (lend usd/t) search for alternative for binance (Read 215 times)