The number of exchanges that has come up within the shortest space of time is innumerable and most of them went down with investors money.
Due to this development, investors are very careful with the kind of investments they deal with. Without much delay, we want to know what this exchange is all about, is it different from the others or much more better? Let us get a look at it.
WHAT IS BASEFEX?
BaseFEX 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. Having known this, we can rightly say that BASEFEX is an exchange handled by a group of professionals.
Sequel to this, it is equally important to note that BaseFEX is a futures trading platform offering leveraged contracts for Bitcoin and other cryptocurrencies.
Currently, BaseFEX offers Bitcoin futures trading and all profits and losses are settled in Bitcoin. We will be offering more Altcoins futures contracts and also cryptocurrency options trading in the future.
BaseFEX offers high leveraged trading up to 100x, now I will this is entirely a huge news that we are very happy about.
HOW TO BEGIN
Having known the basic of BaseFex, we can get decide to start trading by going through the FAQ, check if you understand all of those terms and trading details. Then check out How to Trade to start your trading at BaseFEX.
It is highly recommended that you read the following pages before trading, I'm sure the following would be of help:
Futures Contract Overview: This overview will help you understand what futures trading is and how it works.
Perpetual Contract Overview: Currently BaseFEX offers Perpetual Contracts. You can read through this overview to know more about how it works and its funding mechanism.
Fair Price Marking: You can see how your positions are marked, and this mechanism determines your liquidation price when the market goes against you.
Liquidation: Here you can see when and how a liquidation happens, and the working details of how the BaseFEX Liquidation Engine works.
We're proud of this exchange and are sure that this will be very little in the blockchain industry. In case you would like to participate in the $1000 bitcoin campaign, do join us. More information on this can be found on our platform.
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