How to manage risk as a crypto trader:
For U.S. residents, we FINALLY have a legit and regulated exchange that offers 100x leverage.
A fully-regulated Japanese exchange that accepts U.S. residents who wish to use leverage for margin trading. Very similar to Prime XBT in terms of easy U.I. and very smooth and fast transaction speeds. Liquid is also one of the most “liquid” exchanges in terms of volume. You can trade in many currency pairings which can help you pick up some extra percentage points in gains if you’re paying attention. The interface is also customizable to accommodate your preferences.
I’ll take this over using Bitmex + VPN. If you forget to use the VPN or your VPN gets dropped, you can kiss your funds good-bye as you are violating their terms of service. The same can be said for all poker sites that do not allow residents of a certain county to participate. They will confiscate your funds and close your account. Why risk that when there is finally a legitimate option?
This is impressive, rivaling the success of the biggest exchanges. Liquidity by the boatload. This articles is one day old:
Initially, I was under the impression Prime XBT was open to U.S. residents. I was notified by Prime that I needed to withdraw my funds so they could close my account. Since then, I’ve moved my funds to Liquid exchange. I deposited a small amount for educational purposes on Liquid thinking that 25x was the max leverage available… turns out I was wrong.
Here is my response from support: