BaseFEX ( Basefex.com ) is a cryptocurrency derivative exchange where traders can successfully place orders under any market condition. BaseFEX is developed by professionals using cutting-edge technologies from the ever-evolving internet industry, which outperforms decades-old technical solutions commonly used in the financial industry.
Trading: Real Crypto Trading
Cryptos: BTC, ETH, XRP, BCH, LTC, BNB
Trading Fee : Taker Fee: 0.06%, Maker Fee: 0.02%
So this exchange offers its customers to engage in leveraged trading, on Bitcoin, Ethereum and a few other popular altcoins. The levels of leverage possible are 20x-100x.
For instance, let’s say that you have 10,000 USD on your trading account and bet 100 USD on BTC going long (i.e., increasing in value). You do so with 100x leverage. If BTC then increases in value with 10%, if you had only bet 100 USD, you would have earned 10 USD. As you bet 100 USD with 100x leverage, you have instead earned an additional 1,000 USD (990 USD more than if you had not leveraged your deal).
On the other hand, if BTC decreases in value with 10%, you have lost 1,000 USD (990 USD more than if you had not leveraged your deal). So, as you might imagine, there is potential for huge upside but also for huge downside…