BaseFEX offers a range of cryptocurrency futures, including BTC, XRP, Litecoin, and BNB futures. The platform is designed for trading professionals looking to leverage their investments in various digital assets. With a focus on security and efficiency, BaseFEX aims to provide an optimal trading experience for its clients in the rapidly evolving crypto market. The company's services cater to users seeking advanced trading solutions and tools.
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BaseFEX allows users to gain exposure to the price of Bitcoin and some other popular cryptocurrencies through perpetual contracts.
A perpetual contract resembles a traditional futures contract, but it is different in that it doesn’t have a predetermined settlement date. In other words, traders can open and terminate it at their will, unlike traditional contracts that are only settled on a set date.
The cryptocurrency derivative exchange also has leveraged trading. For the Bitcoin perpetual contract, traders can place orders with a leverage of up to 100x, while for the other cryptocurrencies, it’s reduced down to 20x.
It’s important to know that while margin trading could increase your profits, but it can also put your capital in jeopardy. Margin trading should only be carried out by traders with sufficient experience in the field.
Features:
HIGHEST VERIFIED SECURITY: Rated A+ in Mozilla’s Observatory test. Only four out of 400 exchanges achieved an A+ rating.
24/7 LIVE SUPPORT: We’re on hand, day and night, for all our customers. Not just for high-rollers and institutions. You can always find us at our customer support.
COMPETITIVE TRADING FEES: Competitive trading fees in the industry and zero fees on deposits and withdrawals. Click here to learn more about our fees structure.
100x LEVERAGE: Perpetuals contracts for BTC, ETH, XRP, BCH, LTC, EOS, and BNB, with margin trading at up to 100x leverage
Pros & Cons:
Pros
User-Friendly Interface: Despite its advanced features, BaseFEX offers a user-friendly interface, making it accessible to traders of varying experience levels.
Global Presence: The platform supports multiple languages and caters to a global clientele, excluding only a few restricted regions.
Low Fees: BaseFEX boasts some of the lowest taker fees in the industry for BTCUSD and BTCUSDT pairs.
Cons
Limited Asset Coverage: Currently, the selection of tradable assets is limited. While the platform aims to expand its offerings, the current range of perpetual futures contracts is relatively narrow.
Geographical Restrictions: Traders from specific regions, including the United States, Canada (Québec), Cuba, Crimea and Sevastopol, Iran, Syria, North Korea, and Sudan, are not accepted.
Conclusion:
BaseFEX is a futures trading platform offering leveraged contracts for Bitcoin and other cryptocurrencies. Basefex was founded in 2018 by a group of cryptocurrency traders and idealists who are not satisfied with the status quo and the way the incumbents do business. Today, Basefex provides traders across the globe with not only phenomenal liquidity but also top-notch security and innovative products. Basefex’s mission is to uphold the original crypto spirits and make the world a better place by helping everyone trade more and trade better.
