Any financial market typically experiences a phase of high volatility after an extended consolidation period. The crypto market is no exception to this phenomenon, as savvy investors now expect the volatility to increase after the period of relative calm.
To empower traders deploy their market strategies with peace of mind, Margex has announced the launch of its trading loss compensation promo for our readers. Eligible users who enter the Margex promo code “MERRYX100” can redeem a loss compensation of up to $100 on a qualifying trade.
Within Web3 communities, Margex already has a reputation for coming up with some of the most exciting year-end offers. And the latest trading loss compensation campaign aims to reinforce this reputation during this holiday season.
Buyers can visit Margex’s website and sign up to use the trading loss voucher code before it expires on January 10. Keep reading to learn more about the offer and its eligibility criteria.
Understanding the Voucher Limits and Validity
Margex has been celebrating the holiday season with a “12 Days of Christmas” campaign featuring a host of crypto trading bonuses for its community. One of the season’s grand finales is a crypto-trading-loss compensation for the luckiest few.
Under this campaign, if your trade results in a loss, Margex claims to provide compensation up to a generous $100 cap. 99Bitcoins readers can exclusively use the Margex voucher code “MERRYX100” to participate in the trading loss reward campaign.
One of the most important points to note is that this offer is strictly limited to the first 10 redemptions, with each user eligible for only one voucher redemption. This basically means the campaign could end on January 10 or when the first 10 users redeem the voucher, whichever occurs first.
How to Redeem the MERRYX100 Voucher in 3 Steps
Interested traders can follow these three steps to redeem the Margex promo code:
- Register or log in: New users will first need to register for an account by providing basic information such as name and email. Notably, you can even start trading on Margex without undergoing a full KYC check. In the meantime, you can simply log in if you already have a registered account.
- Enter code: All registered users can now enter the promo code “MERRYX100” in the relevant page, generally in the “promo code” section of the wallet. The first 10 users to redeem this code will then be eligible to receive the Margex trading loss compensation reward.
- Trade with a loss cover: These select users can then immediately start trading on the platform. Any potential losses will be compensated for up to $100.
Why Use Loss Protection?
Because it significantly reduces the initial risk, this limited-edition Margex voucher is ideal for a wide range of crypto traders. For instance, if you frequently trade crypto, this promo code can provide you with a much-needed downside protection from the daily market swings.
Additionally, Margex is quite popular in the industry for its 100x leverage across a wide range of crypto pairs. Such traders typically face a much higher risk of outright liquidation or significant losses. The compensation voucher will offset part of the downside if a bold bet does not play out as expected.
More importantly, the “MERRYX100” promo code is also quite helpful for traders with no prior experience who want to explore Margex’s features. To elaborate, a new trader using Margex’s copy trading feature can, with a free mind, copy a strategy to execute without worrying about immediate out-of-pocket losses.
Margex Platform Review
Margex launched in 2019 with a vision to make derivatives trading fair and accessible to everyone. It is one of the leading futures trading platforms, offering up to 100x leverage through a simple user interface.
One of the most talked-about features of Margex is its MP Shield system, which uses AI to protect traders from price manipulation. As we briefly discussed, the exchange also features a copy trading tool that allows new traders to mimic the trades of successful pros in just a few simple steps.
In one of this holiday season’s final offers, Margex has announced that it will provide eligible users with a trading loss compensation of up to $100. Even so, with only 10 redemptions up for grabs, interested traders can visit Margex and enter the code “MERRYX100” to claim the voucher before it’s gone.
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