Looking for alternative to Bitmex, WCEX.com? - page 2.

joniboini

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Quote from: BitHodler on April 13, 2019, 08:03:56 PM

IIRC, I have seen a video last year where the founders of Robinhood were looking at the possibilities of allowing people to deposit Bitcoin and trade legacy assets, but I haven't heard anything about it afterwards.

An exchange called DX.Exchange already allows you to use Bitcoin/crypto to buy stocks (the stocks will be held by third-party providers though), but they're still less than ideal to be used regularly.

Maybe that will be a common thing in the future but at this moment, it is far from an enjoyable experience.

Btw OP, have you heard about eToro? I'm not sure if that's what you're looking for but you can trade several assets over there.

Ailmand

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Quote from: thegoatiest on April 13, 2019, 03:38:31 PM

Hi,
I'm looking for another exchange that has all the order types Bitmex has, but that also has the option to trade commodities like gold, silver e.t.c.
I was recommended Wcex.com and it's great, really nice exchange - but..... I read a review that said it was very untrustworthy being an 'offshore broker'
the main issue the review had with this exchange: "The broker has been launched very recently and is not licensed, nor monitored by any authority. "
Also the owners are pseudo-anonymous..

So, that does all sound a bit shady.
Are there others like Wcex.com? Able to trade crypto, commodoties - with leverage and advanced order types?
Thanks,
TG

Well, having an anonymous owner would really be shaddy. You should've posted the review you have read about Wcex.com for other readers reference. Another thing commodities such as gold, silver, etc. are most likely traded via fiat, haven't heard a site nor people trading commodities with crypto.

BitHodler

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No legal Bitcoin related platform allows you to invest in legacy assets with Bitcoin. You really have to use a registered/licensed legacy broker for that, but obviously, you can only use fiat there.

IIRC, I have seen a video last year where the founders of Robinhood were looking at the possibilities of allowing people to deposit Bitcoin and trade legacy assets, but I haven't heard anything about it afterwards.

What I also don't know is how the settlement of the trades work. It could very well be that they convert the coins to fiat before they actually allow you to buy into stocks for example.

leowonderful

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Bitcoin FTW!

Deribit (click for link) offers perpetual contracts similar to that of Bitmex's AFAIK (though I do not currently have an account on the site). Leverage for BTC is up to 100x and up to 10x for alts, and if you've used Bitmex before you'll feel at home on Deribit. Volume's lower on Deribit compared to Bitmex, but the site still works just fine.

As for WCEX, I did some searching around and found this thread on the exchange (click for link). Doesn't look too legit to me.

Zadicar

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Trying to find out some feedbacks with Wcex.com and i cant find anything.I cant point out any exchange that would match up with current Bitmex.
Do you have any problems with it?If you are concern with other assets like gold silver or other commodities then you can just simply use up forex/stocks brokers.

akamit

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I don't know any alternatives of Bitmex or WCEX which I should recommend, but I performed a quick search for you and I found this thread.

You may want to check the thread if some has recommended any good alternatives or not.

thegoatiest

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Hi,
I'm looking for another exchange that has all the order types Bitmex has, but that also has the option to trade commodities like gold, silver e.t.c.
I was recommended Wcex.com and it's great, really nice exchange - but..... I read a review that said it was very untrustworthy being an 'offshore broker'
the main issue the review had with this exchange: "The broker has been launched very recently and is not licensed, nor monitored by any authority. "
Also the owners are pseudo-anonymous..

So, that does all sound a bit shady.
Are there others like Wcex.com? Able to trade crypto, commodoties - with leverage and advanced order types?
Thanks,
TG

Topic: Looking for alternative to Bitmex, WCEX.com? - page 2. (Read 399 times)