The Emx.com platform – which seeks to bridge the gap between the traditional derivatives industry and the blockchain asset arena, allows users to buy and sell futures contracts on equity indices and commodities, as well as fiat currencies such as the USD, EUR, and YEN. The company is registered in Bulgaria, and is currently in currently working with regulators in Bulgaria and the United States to obtain licensing.
Founded in 2017 and formerly known as Evermarkets and launched in 2019, Emx Crypto is a trading platform that allows users to gain exposure to the global derivatives market via digital currencies such as Bitcoin. This includes the multi-trillion dollar futures scene that covers conventional equity indices, commodities such as gold and oil, and a full range of major fiat currency pairings.
To Start Trading WithEmx.com Crypto Indian Residents First Have To Sign Up For An Account By Following The Steps Below.
Step 1. Click On The “Login/Signup” Link On The Top Right Hand Corner Of The Emx.com Crypto Website.
Step 2. In The Form, Fill In Your First Name, Last Name, Mobile Number, Email ID And Password.
Step 3. If You Have A Referral Code, Enter The Code While Creating Your Account.
Step 4. Submit The Form And Wait For An Activation Email To Be Sent To You.
Step 5. Click On The “Confirm Email” Link In The Activation Email.
Step 6. After Your Account Is Activated, You’ll Be Sent A 6 Digit One Time Password (OTP), Which You Have To Enter After Logging Into Your Emx Crypto Account.
In fact, you’ll actually receive a 0.03% rebate on all executed trades. If you’re a regular trader, and thus, a market taker, then you’ll pay a trading fee of 0.075%. This actually represents good value. It is also worth noting that new account holders that sign-up to the EMX platform will have access to zero-fee trading until August 5th.
The only other fee that you need to be made aware of is liquidation. As we will cover in the next section, EMX offers users the opportunity to trade on leverage. If you do utilize leverage and you are subsequently liquidated, then you’ll pay a fee of 0.25%.
Like several other prominent exchange platforms, EMX has its own native utility token, known simply as EMX. These tokens were originally minted and sold during the platform’s initial coin offering (ICO) which concluded in 2017 and can now be purchased on the open market on the exchange.
The token was sold for a minimum price of $0.0325 during seed and private sale rounds, with the final price during the public sale listed as $0.13. As it stands, the token is now worth less than $0.01 and has very limited liquidity even on the EMX platform.
Security and Safety
At the time of writing, EMX does not hold any regulatory licenses. As noted above, the exchange aims to apply for its CFTC license by 2020. If and when this is approved, it will then allow US citizens to trade on the platform.
In terms of keeping your funds safe, Emx Exchangedoes offer an all-important multifactor authentication feature. This will require you to enter a unique code via your smartphone device every time you perform key account functions, such as logging in or withdrawing funds. While the multifactor authentication safeguard is not compulsory, you are strongly advised to set it up via your account portal.
Like the vast majority of cryptocurrency exchange platforms, the first line of support at Emx.com is a relatively comprehensive help center that contains answers to a range of pre-defined queries.
EMX reviews customer concerns regularly and provides frequent updates to the help center, making it comprehensive enough to answer most basic queries. Those looking for bespoke customer assistance will also be able to submit a request through an email form within the EMX help center.
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.