Where to do ETH/BTC leveraged trading with low fee?

Andrew Lin

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Quote from: bearexin on March 09, 2020, 01:03:25 PM

Honestly the usdt pair is already quite difficult and risky and you should stay away, dollar is a bit stable currency in the world, it still has inflation and so forth but normally compared to bitcoin it is as docile as it gets. If the bitcoin-usdt pair that gets so much attention is so volatile than it is impossible to think how hard it would be if bitcoin and ethereum two of the wildest and most volatile currencies I know would have been if that was the pair that gets leverage trading.

I am already as against to leverage trading as it is on the current system, if one day just like how binance allows btc-alt trading would become reality for btc-alt leverage trading, that would be basically the end of the world for bitcoin and altcoin prices by the people who short term.

BTC alt leverage trading is already available on binance with a standard fee for spot markets. LOL

bearexin

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Honestly the usdt pair is already quite difficult and risky and you should stay away, dollar is a bit stable currency in the world, it still has inflation and so forth but normally compared to bitcoin it is as docile as it gets. If the bitcoin-usdt pair that gets so much attention is so volatile than it is impossible to think how hard it would be if bitcoin and ethereum two of the wildest and most volatile currencies I know would have been if that was the pair that gets leverage trading.

I am already as against to leverage trading as it is on the current system, if one day just like how binance allows btc-alt trading would become reality for btc-alt leverage trading, that would be basically the end of the world for bitcoin and altcoin prices by the people who short term.

sisule

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Many exchange market have different each fee transaction, some exchange with higher fee for every trading altcoin and bitcoin. Other time must get fee payment after withdrawing assets to other exchange wallet.

adaseb

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Quote from: Andrew Lin on March 06, 2020, 04:26:45 AM

Quote from: RealMalatesta on February 20, 2020, 06:54:47 AM

Quote from: Andrew Lin on February 10, 2020, 12:21:17 PM

Is there any leveraged market that offers this pair at a fee similar or lower to the fee on Bitmex? Thanks!!!

Do you actually need a BTC/ETH trading pair leverage exchange or a exchange with lower fees? Most of the exchanges use USDT as their margin collateral and you could long or short bitcoins/etherum or any other coin by just holding some amount of USDT into your leverage account. There also are some exchanges which would allow you to deposit bitcoins or etherum directly to start leverage trading but I am not really sure how they would circulate.

I am a leverage trader on binance exchange and binance only allows users to deposit BNB and USDT to the leverage account. Fees on binance can vary depending on your trading volume. You can also use BNB to minimize your fees onto the exchange.

Also, if I understand this correctly, do I need to convert my profit in ETH/USDT every time to a 1x long position in BTC/USD? Please elaborate how this would work on Binance or any other exchanges. Thanks!

He doesn't mean that. He simply means that if you open a margin trade on an exchange like Binance/Bitfinex/etc then you need some other form of coin for collateral to be used in the margin trade.

I will give you an example, say you only own LTC. You can deposit LTC to Bitfinex, move to margin account, and open any trade on their platform which allows margin trading. Your LTC will be used as collateral for your trade. So if you lose money, you will lose equal amount of LTC, if you made money you will gain BTC,ETH,USD whichever pair you were trading against. Also your funding fees will be taken from your LTC balance. It will all auto-convert.

YOSHIE

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Quote from: Andrew Lin on February 10, 2020, 12:21:17 PM

Is there any leveraged market that offers this pair at a fee similar or lower to the fee on Bitmex?

I have never tried trading on Bitmex, maybe I don't understand much about the fees that Bitmex does in one transaction or in the amount of buying and selling coins.

I currently trade at Binance occasionally if I am interested in visiting kucoin, so the difference in fees between Bitmex and Binance I do not know, because you did not mention the difference in transactions at the Bitmex exchange site.

Maybe you can visit the Binance exchange and compare the exchange price between Binance with Bitmex, which is the cheapest.

Andrew Lin

newbie

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Quote from: RealMalatesta on February 20, 2020, 06:54:47 AM

Quote from: Andrew Lin on February 10, 2020, 12:21:17 PM

Is there any leveraged market that offers this pair at a fee similar or lower to the fee on Bitmex? Thanks!!!

Do you actually need a BTC/ETH trading pair leverage exchange or a exchange with lower fees? Most of the exchanges use USDT as their margin collateral and you could long or short bitcoins/etherum or any other coin by just holding some amount of USDT into your leverage account. There also are some exchanges which would allow you to deposit bitcoins or etherum directly to start leverage trading but I am not really sure how they would circulate.

I am a leverage trader on binance exchange and binance only allows users to deposit BNB and USDT to the leverage account. Fees on binance can vary depending on your trading volume. You can also use BNB to minimize your fees onto the exchange.

Also, if I understand this correctly, do I need to convert my profit in ETH/USDT every time to a 1x long position in BTC/USD? Please elaborate how this would work on Binance or any other exchanges. Thanks!

Andrew Lin

newbie

Activity: 21

Merit: 0

Quote from: RealMalatesta on February 20, 2020, 06:54:47 AM

Quote from: Andrew Lin on February 10, 2020, 12:21:17 PM

Is there any leveraged market that offers this pair at a fee similar or lower to the fee on Bitmex? Thanks!!!

Do you actually need a BTC/ETH trading pair leverage exchange or a exchange with lower fees? Most of the exchanges use USDT as their margin collateral and you could long or short bitcoins/etherum or any other coin by just holding some amount of USDT into your leverage account. There also are some exchanges which would allow you to deposit bitcoins or etherum directly to start leverage trading but I am not really sure how they would circulate.

I am a leverage trader on binance exchange and binance only allows users to deposit BNB and USDT to the leverage account. Fees on binance can vary depending on your trading volume. You can also use BNB to minimize your fees onto the exchange.

If I trade on Binance futures I think I will have to open a 1x long when I am not trading so the money is saved in Bitcoin. In this case, do I need to pay interest?

RealMalatesta

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Quote from: Andrew Lin on February 10, 2020, 12:21:17 PM

Is there any leveraged market that offers this pair at a fee similar or lower to the fee on Bitmex? Thanks!!!

Do you actually need a BTC/ETH trading pair leverage exchange or a exchange with lower fees? Most of the exchanges use USDT as their margin collateral and you could long or short bitcoins/etherum or any other coin by just holding some amount of USDT into your leverage account. There also are some exchanges which would allow you to deposit bitcoins or etherum directly to start leverage trading but I am not really sure how they would circulate.

I am a leverage trader on binance exchange and binance only allows users to deposit BNB and USDT to the leverage account. Fees on binance can vary depending on your trading volume. You can also use BNB to minimize your fees onto the exchange.

sana54210

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Quote from: wozzek23 on February 17, 2020, 02:57:34 PM

It is good that you are thinking about the fees before you could move onto leverage trading but you should never select a exchange that is not much popular and might even have a chance to get closed. There are a number of exchanges where you can trade on the leverage contracts but you should not trust each of such exchange only because they have lower fees. I would suggest you to keep using bitmex, binance, bybit, etc to make sure you are not scammed by any of the newly launched exchange. Fees plays a important role if you are trading with a smaller amount but if you are trading with higher amounts that profits would be way bigger than the fees so it would never affect your profits.

Yes, it is necessary to calculate fees anytime we perform any trade. Usual fees might be something like 0.05 maker and 0.03 taker. Some exchanges might have lower or higher fees but we should not only consider fees while choosing a exchange. There also are a lot of other things which we should consider before starting our trades on any exchange. Some of them includes volume, liquidity, age of the exchange, etc.

The exchanges you mentioned above are already among the trusted ones and there is minimum risk of losing our funds onto those exchanges. OP seems new considering his forum rank and hence using only these trusted exchanges would be preferred.

exstasie

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Quote from: Andrew Lin on February 17, 2020, 01:04:44 AM

Quote from: exstasie on February 16, 2020, 02:20:50 PM

They are pretty new, launched last year. Proceed with caution.

I haven't seen any accusations of selective scamming or frozen withdrawals. However, they were caught copy/pasting their terms from Bitmex and engaging in some less-than-honorable forms of marketing: https://bitcointalksearch.org/topic/primexbt-high-chance-of-being-a-scam-5113388

I find their overnight borrowing structure confusing. It looks like they charge financing on both sides of the trade, unlike normal perpetual swaps. The lending rates look pretty high too. $16/BTC at $10K = 0.16% per day.
https://primexbt.com/fees

Does basefex have similar problem that anyone knows of?

Someone actually did recently complain about PrimeXBT on the Speculation forum. I don't completely understand what happened, but I think he just mistakenly thought his "bonus" account was backing his maintenance margin when it wasn't. You can read for yourself though: Update: primexbt fraud

As for BaseFEX, they were caught faking volume in a really embarrassing way. There was a scandal where they confiscated profits from a trader who was exploiting their market making transactions. I don't trust them: Re: Basefex.com (CEO Jesse Wu and HGO Randolf G) scam stole 3 BTC

wozzek23

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Quote from: Andrew Lin on February 10, 2020, 12:21:17 PM

Is there any leveraged market that offers this pair at a fee similar or lower to the fee on Bitmex? Thanks!!!

It is good that you are thinking about the fees before you could move onto leverage trading but you should never select a exchange that is not much popular and might even have a chance to get closed. There are a number of exchanges where you can trade on the leverage contracts but you should not trust each of such exchange only because they have lower fees. I would suggest you to keep using bitmex, binance, bybit, etc to make sure you are not scammed by any of the newly launched exchange. Fees plays a important role if you are trading with a smaller amount but if you are trading with higher amounts that profits would be way bigger than the fees so it would never affect your profits.

bitgolden

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Quote from: Andrew Lin on February 17, 2020, 01:04:44 AM

Does basefex have similar problem that anyone knows of?

I can't find any accusations on BaseFEX which might not make this entirely as a scam. Also there are some good reviews about this platform which might make us go for it but yet you should consider making your own research before you could actually make any deposit onto that exchange.

As far as I know, BaseFex has trading fees of 0.06% taker fee and 0.02% maker fee which is comparatively lower than any other exchanges so it might be a good choice of selection. Also that platform is been developed using cutting-edge technology so it might give you an ease of trade. You can also compare it with Bexplus or PrimeXBT but Basefex has lowest fees as compared to them.

Andrew Lin

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Quote from: exstasie on February 16, 2020, 02:20:50 PM

Quote from: Andrew Lin on February 16, 2020, 06:53:17 AM

I see that primexbt has it too. Is the site reliable?

They are pretty new, launched last year. Proceed with caution.

I haven't seen any accusations of selective scamming or frozen withdrawals. However, they were caught copy/pasting their terms from Bitmex and engaging in some less-than-honorable forms of marketing: https://bitcointalksearch.org/topic/primexbt-high-chance-of-being-a-scam-5113388

I find their overnight borrowing structure confusing. It looks like they charge financing on both sides of the trade, unlike normal perpetual swaps. The lending rates look pretty high too. $16/BTC at $10K = 0.16% per day.
https://primexbt.com/fees

Does basefex have similar problem that anyone knows of?

Leviathan.007

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I would recommend you to try Binance or BitMex

exstasie

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Quote from: Andrew Lin on February 16, 2020, 06:53:17 AM

I see that primexbt has it too. Is the site reliable?

They are pretty new, launched last year. Proceed with caution.

I haven't seen any accusations of selective scamming or frozen withdrawals. However, they were caught copy/pasting their terms from Bitmex and engaging in some less-than-honorable forms of marketing: https://bitcointalksearch.org/topic/primexbt-high-chance-of-being-a-scam-5113388

I find their overnight borrowing structure confusing. It looks like they charge financing on both sides of the trade, unlike normal perpetual swaps. The lending rates look pretty high too. $16/BTC at $10K = 0.16% per day.
https://primexbt.com/fees

Andrew Lin

newbie

Activity: 21

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I see that primexbt has it too. Is the site reliable?

Andrew Lin

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Activity: 21

Merit: 0

Quote from: exstasie on February 12, 2020, 03:54:15 AM

Quote from: Andrew Lin on February 12, 2020, 02:09:27 AM

I looked through every leveraged exchange you provided and in the list and it seems only baseFEX have the BTC/ETH. Did I miss any? Does anyone else know anything

Bitfinex and Kraken have ETHBTC spot markets that you can trade with leverage. Maximum 3.3x leverage at Bitfinex and 5x at Kraken.
https://www.bitfinex.com/t/ETHBTC
https://trade.kraken.com/markets/kraken/eth/btc

Unfortunately the fee is much higher than Bitmex. I am gonna use basefex for now. Hopefully it's not gonna be a scam

exstasie

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Quote from: Andrew Lin on February 12, 2020, 02:09:27 AM

I looked through every leveraged exchange you provided and in the list and it seems only baseFEX have the BTC/ETH. Did I miss any? Does anyone else know anything

Bitfinex and Kraken have ETHBTC spot markets that you can trade with leverage. Maximum 3.3x leverage at Bitfinex and 5x at Kraken.
https://www.bitfinex.com/t/ETHBTC
https://trade.kraken.com/markets/kraken/eth/btc

Andrew Lin

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Quote from: JeromeTash on February 11, 2020, 06:01:41 PM

The problem is trading fees vary on certain exchanges depending on the contracts you want to trade in, so, it's hard to pinpoint the information for you, However, this thread will be of help to you; Crypto exchanges comparison [trade fee + listing fee + age + mobile app + more!]

You will check out more information on trading fees on the exchanges of interest that are alternatives to Bitmex like Bybit, KuMex, Okex, PrimeBit etc

I looked through every leveraged exchange you provided and in the list and it seems only baseFEX have the BTC/ETH. Did I miss any? Does anyone else know anything

exstasie

legendary

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Quote from: Andrew Lin on February 12, 2020, 01:32:33 AM

I cannot find this pair on Bitmex hence the question

ETHH20 futures contract (ETHXBT): https://www.bitmex.com/app/contract/ETHH20

If you're looking for a perpetual swap contract, they only have that for ETHUSD.

Quote

BitMEX currently offers two types of ETH derivative products for traders. The first is in the form of an Ether / USD (ETH/USD) Perpetual Contract and the second is in the form of an Ether / Bitcoin (ETH/XBT) Futures Contract.

https://www.bitmex.com/app/seriesGuide/ETH

Andrew Lin

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I cannot find this pair on Bitmex hence the question

LeverageBoy

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Honestly bitmex is the best choice. You can always use an affiliate link to get a fee discount. Not sure if that's allowed on here but it could help you:
https://www.bitmex.com/register/ToabPZ

leowonderful

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Bitcoin FTW!

The trading fees on Bybit, another common and popular leveraged trading site that is pretty much identical in many ways to Bitmex, are exactly the same as Bitmex's- 0.075% for takers, -0.025% for makers. The same goes for Deribit, which offers -0.025% for makers and 0.075% for takers. Another site that offers leveraged perpetual swaps that I don't use is OKEx, which offers a lower percentage for takers at 0.05% but you pay 0.02% in fees as a maker.

In case you're unfamiliar with these terms, you pay taker fees when your order executes on the market and you pay maker fees (usually a rebate) when an order executes into your order sitting on the orderbook.

JeromeTash

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Heisenberg

The problem is trading fees vary on certain exchanges depending on the contracts you want to trade in, so, it's hard to pinpoint the information for you, However, this thread will be of help to you; Crypto exchanges comparison [trade fee + listing fee + age + mobile app + more!]

You will check out more information on trading fees on the exchanges of interest that are alternatives to Bitmex like Bybit, KuMex, Okex, PrimeBit etc

Andrew Lin

newbie

Activity: 21

Merit: 0

Is there any leveraged market that offers this pair at a fee similar or lower to the fee on Bitmex? Thanks!!!

Topic: Where to do ETH/BTC leveraged trading with low fee? (Read 278 times)