What Altcoin Exchange Allows You to Borrow Coins for Shorting?

GambitBTC

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Quote from: Snail2 on May 06, 2015, 10:52:25 AM

Quote from: GambitBTC on May 05, 2015, 09:41:55 PM

https://cryptomargin.com/?ref=ref16101

Not many options, but has worked fine for me.

Looks interesting, but as I see they are not very talkative here on BTT, however the site is more than one year old. Are they trustworthy? Could you tell me a bit more about your experiences with them, please?

Only been using them for 3 weeks, but haven't had any lag time, and the stop loss feature works to perfection.

I am in no way affiliated with this site (besides being a customer) but as far as i can tell its a legit operation, but we have seen many a legit operation go shady overnight in the Bitcoin community.

Let me know how it works out for you, and best of luck trading

Snail2

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Quote from: GambitBTC on May 05, 2015, 09:41:55 PM

https://cryptomargin.com/?ref=ref16101

Not many options, but has worked fine for me.

Looks interesting, but as I see they are not very talkative here on BTT, however the site is more than one year old. Are they trustworthy? Could you tell me a bit more about your experiences with them, please?

shanem

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I don't think it is possible.
Otherwise many dev will try to profit from it by hiding some instamine in the code and dump all the coins in the market.

GambitBTC

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https://cryptomargin.com/?ref=ref16101

Not many options, but has worked fine for me.

tokeweed

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Quote from: gustav on May 05, 2015, 09:37:15 PM

That would be a goldmine for the one who would offer it in a professional way.

Yeah. I was kind of wondering why no exchange followed that model yet.

I think this "feature" of coins being able to be borrowed in the exchanges can make a coin "valuable" in a trading perspective.

bitcreditscc

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Quote from: tokeweed on May 05, 2015, 09:34:57 PM

Quote from: sdmathis on May 05, 2015, 09:26:54 PM

I'm not aware of any altcoin exchanges that allows you to short a coin. Wouldn't it be nice if we could find one? Just pick an alt at random and short it. It would be like printing money.

In stock trading, you would have to get a margin account and contact the broker before the markets opened and reserve shares you want to short for a small fee. Sometimes there are shares available, sometimes there's nothing.

I think the same system could be doable for alt exchanges.

This will be possible in the BCR system, but you'll have to wait a while.

gustav

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That would be a goldmine for the one who would offer it in a professional way.

tokeweed

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Quote from: sdmathis on May 05, 2015, 09:26:54 PM

I'm not aware of any altcoin exchanges that allows you to short a coin. Wouldn't it be nice if we could find one? Just pick an alt at random and short it. It would be like printing money.

In stock trading, you would have to get a margin account and contact the broker before the markets opened and reserve shares you want to short for a small fee. Sometimes there are shares available, sometimes there's nothing. I think this "feature" of coins being able to be borrowed in the exchanges can be valuable for any coin in a trading perspective.

I think the same system could be doable for alt exchanges.

sdmathis

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AKA The Rubber Monkey

I'm not aware of any altcoin exchanges that allows you to short a coin. Wouldn't it be nice if we could find one? Just pick an alt at random and short it. It would be like printing money.

tokeweed

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I am aware of Bitinex. But they don't really have alts.

tokeweed

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As the title asks... I have yet to find one exchange that has this service. But just in case if anyone knows, please post.

Also, would this be a good service for exchanges to add? What do you think?

Topic: What Altcoin Exchange Allows You to Borrow Coins for Shorting? (Read 888 times)