Euroxn analysis and review
Euroxn is a Bitcoin and cryptocurrency futures and options trading platform. Furthermore, it is one of the few sites where cryptocurrency options can be traded. When trading Bitcoin futures, the exchange offers up to 100X leverage, and when trading Ethereum futures, it offers up to 50X leverage.
Euroxn is a company that was founded in 2016 and is registered under the name Euroxn. The exchange has a team with a lot of experience. Although Euroxn is a global exchange, it is accessible to users from all over the world, including the United States and Canada.
The pros of trading cryptocurrency with leverage on Euroxn:
- A very liquid exchange that processes over $200 million in trades per 24 hours
- Facilities to trade options as well as futures
- 100X leverage for BTC futures and 50x leverage for ETH futures
- Attractive fee structure
The cons of trading cryptocurrency with leverage on Euroxn:
- Not so many listed currencies.
Euroxn includes a variety of services that consumers can utilise to trade their futures and options markets. It incorporates TradingView charts into its platform to provide traders with professional-level market analysis tools. Furthermore, the user interface is incredibly smooth and was created with the goal of being as user-friendly as possible.
The fact that Euroxn has an extremely low latency of 1ms is one of its most appealing qualities. The exchange promises to be the fastest in the business, allowing users to execute deals with little to no slippage.
Deposits and withdrawals
BTC is used to complete all transactions on the platform. They can also be settled in Bitcoin or Ethereum, depending on the type of trading you undertake. Deposits are exclusively accepted in Bitcoin and Ethereum, and there is no cost for doing so.
Withdrawals are subject to a fee equivalent to the current mining fee on the blockchain. Withdrawals may take some time to process because only 1% of the cryptocurrency held by Euroxn is held in hot wallets.
ETH contracts are cash-settled, which means you get ETH back when you finish a profitable trade.
Types of contracts and fees
Fixed-expiration futures and perpetual future swaps contracts are available from Euroxn. This means you can use perpetual swaps to trade the underlying asset as an option or as a traditional market.
Depending on the type of trade you undertake, the charge structure is varied. The contract amount for Futures contracts is $10, with a maker charge of -0.02 percent and a taker fee of 0.05 percent. The contract size for options trading is 1 BTC, and the maker cost is 0%, with the taker charge being 0.04 percent of the contract size. The maximum charge for both BTC and ETH options is restricted at 12.5 percent of the option’s price.
Security
Euroxn takes its exchange’s security very seriously, which is why it keeps over 99 percent of its BTC in cold storage. This means that hackers will only be able to steal about 1% of the exchange cash remaining in hot wallets.
Euroxn also has a large bug bounty programme, which encourages hackers to find exploits in the code in exchange for a payout each time the exchange sends out new patches. Furthermore, the exchange’s real website employs SSL communication, as should be anticipated of any big exchange nowadays.
In addition, users can enable two-factor authentication, use IP pinning, and configure session timeouts to boost user security.
Is Euroxn a safe exchange to use?
Although it only has a few years of trading experience, the exchange is very safe to use when we consider the lengths they go through to keep the exchange secure.
