What is AZCoiner Perpetual? Advantages and Drawbacks

What is AZCoiner Perpetual?

Currently, across the globe, there are numerous reliable crypto trading platforms with a longstanding track record, among which AZCoiner Perpetual stands out for its futures trading feature. Prior to engaging in transactions, thorough research on technical analysis indicators and fundamental trading concepts is crucial.

The user interface of AZCoiner Perpetual is designed to be straightforward and user-friendly, providing traders with the flexibility to choose trading pairs based on their preferences.

AZCoiner offers a comprehensive range of popular trading pairs, opening up opportunities for traders to achieve the highest profits in the crypto market.

Advantages

• User-Friendly Interface: The platform boasts an easy-to-use interface, ensuring a positive user experience.
• Cross-Platform App Support: Availability of applications on multiple operating systems (IOS & Android), enhancing accessibility for users.
• Support for Multiple Cryptocurrencies: Extensive support for various cryptocurrencies, broadening the range of options for users.
• Multiple Trading Pairs Support: Ensures flexibility by supporting a multitude of trading pairs, allowing users to implement diverse investment strategies.
• Fast Listing Speed for New Cryptocurrencies: Swift listing of new cryptocurrencies, keeping pace with the rapidly evolving market.
• Free Deposits: No charges for depositing funds, increasing attractiveness for users.
• High Liquidity: The platform maintains high liquidity, facilitating smooth and efficient trading activities.
• Highest Trading Volume Compared to Other Exchanges: Records the highest trading volume among other exchanges, indicating a robust market presence.
• Low Transaction Fees: Competitive transaction fees, offering cost-effective trading solutions.
• Diverse Product Range: A wide array of products, catering to various investment preferences.
• Convenient Use of USD for Cryptocurrency Purchases: Users can conveniently utilize USD to purchase cryptocurrencies, enhancing ease of transactions.
• Effective English-Language Support Team: A proficient support team providing direct assistance in English, ensuring effective communication and problem resolution.

When is Your Position at Risk of Liquidation?

Liquidation occurs when your account’s reserve balance falls below the required maintenance margin. The reserve balance is the balance in your AZCoiner account, encompassing both unrealized gains and losses. Therefore, your profits and losses will impact the reserve balance.

The maintenance margin is the minimum value needed to sustain your position. This value varies depending on the scale of your position, with larger positions requiring a higher maintenance margin.

You can view your current margin amount in the bottom right corner. If your margin reaches 100%, your position will be liquidated.

During liquidation, all your open orders will be canceled. It is advisable to monitor your positions to avoid automatic liquidation, which incurs additional fees. If your position is nearing liquidation, consider manually closing it instead of waiting for automatic liquidation to prevent extra charges.

Related: What is AZCoiner?

Some prominent futures trading platforms include the following:

1.     Binance

Advantages:

·        Binance offers traders a variety of leverage options, with a maximum ratio of up to x125. This opens up opportunities for traders to achieve attractive profits even in low market volatility.

·        The trading volume of futures on Binance has reached a significant level, ensuring high liquidity and facilitating easy buying, selling, and withdrawals.

·        Investors can trade directly without the need for intermediary accounts.

·        Binance’s interface is elegantly designed and user-friendly, allowing investors to execute futures trades conveniently on both computers and mobile devices.

Disadvantages:

·        Higher leverage increases the risk. For novice futures traders, this can easily lead to losses and even the liquidation of their accounts.

·        Investors may be restricted in some trading pairs. However, for popular cryptocurrencies, Binance still provides relatively comprehensive updates and information.

2. Bybit

Bybit is a specialized platform exclusively designed for derivative markets, making its debut in the market in 2018. The derivative products on Bybit are categorized as follows:

• USD Margined Perpetual:
• These are perpetual contracts settled in USDT.
• Coin Margined Inverse Perpetual:
• These are perpetual contracts settled in cryptocurrencies such as BTC, ETH, etc.
• Coin Margined Inverse Futures:
• These are futures contracts settled in cryptocurrencies, including BTC, ETH, etc.

Bybit has been actively involved in the cryptocurrency market for an extended period. What sets Bybit apart is its primary focus on serving the cryptocurrency derivative trading community.

The fee structure on Bybit is user-friendly, charging a 0.075% trading fee for market participants while rewarding market makers with a 0.025% trading fee rebate.

The Bybit development team asserts that the platform can handle up to 100,000 transactions per second, making it robust for both individual traders and institutions.

For user experience, Bybit is intuitive, catering to both newcomers and experienced traders. It provides ample educational resources for those new to trading on the platform.

Traders can easily access Bybit through any web browser or by downloading the mobile application.

3. OKX

OKX is renowned for offering futures contracts and perpetual swaps based on various cryptocurrencies. This enables users to engage in trading with leverage and capitalize on the price fluctuations of different digital currencies.

Advantages:

• Offers high leverage up to x125.
• Large trading volumes for easy liquidity.
• Simple and visually appealing interface.
• Can use the OKX account without the need to open additional accounts.
• Ability to trade on the OKX Android app.

Disadvantages:

• Relatively challenging for beginners to use.
• Limited selection of trading pairs.

Conclusion

Although launched in 2023, futures trading on AZCoiner Perpetual can be readily compared to major exchanges such as Binance, Bybit, and OKX. AZCoiner Perpetual boasts outstanding features, including high leverage up to x100, large trading volumes for easy liquidity, and a visually appealing, user-friendly interface. These advantages provide users with effective means to trade and profit.

Related: What is AZC Swap?

In the future, AZCoiner promises to introduce additional attractive trading features, ensuring the best possible experience for traders.