Shrewd traders often look for ways to hedge against potential losses during uncertain market conditions. As liquidity and overall sentiment in the Web3 market remain fragile, Margex has recently announced a special holiday promo that will compensate users for trading losses.
Eligible users can use the voucher code 100JINGLE on Margex to unlock a sizeable trading loss cover of up to $100. It is worth noting that this promo code is valid only until January 10 and is available to a limited number of users on a first-come, first-served basis.
We’ve unpacked the offer’s redemption process as well as key details in the sections below. Keep reading to know how this promo fits into this holiday season’s top crypto trading offers.
How the Margex $100 Holiday Loss Cover Works
Margex’s latest promo will provide you with a $100 trading-loss compensation during this festive period, essentially giving you a safety net. You can simply enter the code “100JINGLE” to avail this offer during the ongoing promotion period.
While the exchange will provide the headline figure of up to $100 in loss coverage for a qualifying trade, only the first 10 users can redeem this voucher code. A key point to keep in mind here is that each trader can redeem the code only once, and redemptions by the same person are not allowed.
Because the promo offer is also valid until January 10, it will either expire on that date or when all 10 vouchers are redeemed, whichever comes first. Finally, the offer is open to both new and existing Margex users, but there may be regional restrictions.
Step-by-Step Guide to Redeeming Code 100JINGLE
Here are four simple steps you can take to claim the holiday loss-compensation voucher:
Create an Account or Log In: If you’re new, the first step is to create a new account on Margex. To do so, you can visit Margex’s official website or app and provide details such as your email. On the other hand, existing users can simply log in to their existing accounts.
Enter Code: Users can then visit the “wallet” and the “promo code” section to enter the Margex promo code 100JINGLE to activate this offer.
Start Trading: You’re all set to then start trading on Margex, knowing that in the event of a trading loss, the exchange will provide compensation of up to $100.
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Which Traders Benefit Most From Loss Compensation?
One of the best parts of the Margex trading loss compensation campaign is that it can actually benefit almost all types of traders. For example, beginner or risk-averse traders who are new to crypto trading can kick off their journeys with a high degree of peace of mind.
We also think the trading loss cover is particularly ideal for frequent traders who are looking for some extra buffer for their daily trading. A $100 cushion can directly translate into a much better risk management strategy.
At the same time, Margex offers a relatively high leverage of up to 100x on futures trades. The $100 trading loss coverage offer could empower these leveraged traders to execute their aggressive strategies more effectively.
Finally, it is also ideal for users of Margex’s copy trading platform who want to mirror expert traders’ strategies. The trading loss voucher will provide them with extra reassurance when trying out these new or copied strategies.
Why Trade on Margex?
Since its 2019 launch, Margex has evolved into an established crypto exchange that is especially known for futures trading. It offers a relatively high leverage of up to 100x on Bitcoin, Ethereum, and many other top cryptos. And from a tech standpoint, the exchange features an AI-powered “MP Shield” that monitors price feeds to prevent manipulation and unfair liquidations.
On the other end, the low trading fees on Margex have also been a draw for many traders. For perspective, it currently charges a maker fee of 0.019% and a taker fee of 0.06%. Margex even offers copy trading in addition to these core trading features, which lets you mirror the strategies of pro traders in just a few steps.
New users can sign up on Margex in minutes using their email address, with no mandatory requirements to undergo a KYC check. Margex also regularly launches new promos and crypto trading bonuses to reward its loyal users. This holiday loss-compensation campaign is one such promo that offers protection of up to $100 in trading losses.
You can visit Margex’s official website to redeem the 100JINGLE code by January 10 to avail the limited-time offer.
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