high failure rate in crypto exchange / broker

J

JKG77

I've been looking into various exchanges / brokers where I can trade crypto futures and options. My main concern is their possibility of the failure (i.e, bankruptcy). Many exchanges allow customers to trade futures up to 100x leverage. Such huge leverage poses serious threat to the winning traders. In fact, lots of exchanges clearly indicate that the bankruptcy loss would be socialized among the winning traders.

What exchanges / brokers are the safest to trade crypto? IB (CME future) is much safer but its margin requirement is on the other side of extreme (way to high)...
 
The answer is none. It is unregulated Wild West. Trade at your own risk, and even if you win, your can loose your capital in a hack or fraud. I heard coinbase one of the more reputable ones. But they only offer few coins I think.
 
One of the challenges of trading crypto is treasury aka. managing couterparty risk and margin levels, handling cash flow and getting funds from A to B quickly.

Figuring that out should be your first concern. After that it becomes pretty easy.
 
RedDuke said:
The answer is none. It is unregulated Wild West. Trade at your own risk, and even if you win, your can loose your capital in a hack or fraud. I heard coinbase one of the more reputable ones. But they only offer few coins I think.
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Thanks for confirming there is none.. It's just too risky to trade serious money on those exchanges..
 
MrMuppet said:
One of the challenges of trading crypto is treasury aka. managing couterparty risk and margin levels, handling cash flow and getting funds from A to B quickly.

Figuring that out should be your first concern. After that it becomes pretty easy.
More...

The main difficulty is getting rid of tethers. When I need to deposit real $ to buy BTC but BinFinance just creates tethers out of thin air and can use them to also buy BTC, no way anyone sane should be touching this shit, apart form pure gamble/entertainment where dollars lost are no big deal.
 
MrMuppet said:
One of the challenges of trading crypto is treasury aka. managing couterparty risk and margin levels, handling cash flow and getting funds from A to B quickly.

Figuring that out should be your first concern. After that it becomes pretty easy.
More...

I will stick to buying / selling crypto in wallet or cold storage them.. Too bad cannot use options.
 
JKG77 said:
I will stick to buying / selling crypto in wallet or cold storage them.. Too bad cannot use options.
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That's just what I said. YOU cannot buy options. If you do your homework, you can do anything you like.
 
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