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Margex lets customers buy crypto with MasterCard, Visa, Apple Pay

Users can purchase Bitcoin, Ethereum, Solana, Polygon, Tether, Avalanche using 150+ payment methods Among the other popular payment methods are PayPal, Google Pay, and SEPA transfer  The trading platform will award you with a $100 trading bonus to celebrate the introduction of its buy crypto feature Margex, the first boutique exchange in crypto, is now […]

The post Margex lets customers buy crypto with MasterCard, Visa, Apple Pay appeared first on CoinJournal.

  • Users can purchase Bitcoin, Ethereum, Solana, Polygon, Tether, Avalanche using 150+ payment methods
  • Among the other popular payment methods are PayPal, Google Pay, and SEPA transfer 
  • The trading platform will award you with a $100 trading bonus to celebrate the introduction of its buy crypto feature

Margex, the first boutique exchange in crypto, is now letting users buy crypto using MasterCard, Visa, and Apple Pay, among other payment methods, Coin Journal learned from a press release. 

The digital asset trading and investment platform, which offers a vast range of innovative staking and trading solutions all over the world, allows crypto investors and traders to purchase Bitcoin, Ethereum, Solana, Polygon, Tether, Avalanche, Chainlink, USD Coin, and other popular cryptocurrencies using over 150 different methods of payment. 

Buy crypto in a few simple steps

Among the other popular payment methods are PayPal, Google Pay, and SEPA transfer, as well as credit and debit cards. You can buy cryptocurrencies in a few simple steps, after which the assets will be transferred to your secure Margex cryptocurrency wallet at once.

Trading bonus 

When you make your first purchase with Margex, the trading platform will award you with a $100 trading bonus to celebrate the introduction of its buy crypto feature. 

To take advantage, you choose a crypto in the “Wallet” page and deposit $100 or more in that crypto. Your account will be credited with it automatically. The bonus functions to enhance trading opportunities and save user balances. It also allows people to trade without paying any fees.

Some of the best APYs on the market 

Margex customers can access various novel trading and investment tools after buying crypto with one of the above payment methods. The platform’s crypto staking options feature some of the highest and most realistic APYs on the market. Traders can margin trade crypto with leverage by using their staking balance as collateral only at Margex.

About Margex

Margex is a leading trading platform established in 2019. It provides some of the most solid trading solutions on the market with up to 100x leverage on major cryptos like Bitcoin, Ethereum, Litecoin, Ripple, Uniswap, etc.

The post Margex lets customers buy crypto with MasterCard, Visa, Apple Pay appeared first on CoinJournal.

Source: CoinJournal: Latest Bitcoin, Ethereum & Crypto News

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4 bearish factors for Bitcoin this week

The Federal Reserve meeting scheduled on Wednesday may be hawkish for the dollar Bitcoin might give up some of its 2023 gains on a hawkish Fed All eyes are on the Fed’s view on inflation, growth, future interest rates, and quantitative tightening The Federal Reserve’s monetary policy decision is scheduled this week. It is the […]

The post 4 bearish factors for Bitcoin this week appeared first on CoinJournal.

  • The Federal Reserve meeting scheduled on Wednesday may be hawkish for the dollar
  • Bitcoin might give up some of its 2023 gains on a hawkish Fed
  • All eyes are on the Fed’s view on inflation, growth, future interest rates, and quantitative tightening

The Federal Reserve’s monetary policy decision is scheduled this week. It is the first time the FOMC (Federal Open Market Committee) meets in 2023, and the stakes are high for the US dollar.

Bitcoin has strengthened against the US dollar in January so far, in sync with other fiat currencies. Therefore, whatever the Fed decides on Wednesday will affect Bitcoin price too.

A hawkish Fed may turn up being bearish for Bitcoin. These are the four areas where the Fed may express its hawkishness: inflation outlook, growth outlook, interest rates level, and quantitative tightening.

Inflation outlook

The Fed is committed to bringing inflation to its 2% target. This is why it has raised rates so aggressively, so if the Fed says that inflation is embedded and upside risks remain, then the US dollar should move higher.

In this scenario, the market will bet that the Fed sees ongoing rate hikes as appropriate.

Growth outlook

The currency stance is that a sustained period of below-trend growth is likely. If the Fed changed its view and sees recession required to have a material impact on the inflation outlook, that would also trigger a sharp move higher in the dollar.

Interest rates

Ultimately, it is all about the interest rate level. The funds rate range has reached 4.25%-4.50%, and all eyes are on what the Fed does and says on Wednesday.

The base case scenario is that the Fed will hike by 25bp and says that ongoing interest rate increases are appropriate. Therefore, anything more than that should be bullish for the dollar and bearish for Bitcoin.

For example, the Fed might hike 50bp. This is a risk going into the meeting, especially considering that inflation is not backing down as fast as initially thought.

Quantitative tightening

The Fed currently shrinks the balance sheet at a pace of $95 billion/month. A decision to accelerate the balance sheet reduction would be very hawkish for the dollar.

The post 4 bearish factors for Bitcoin this week appeared first on CoinJournal.

Source: CoinJournal: Latest Bitcoin, Ethereum & Crypto News

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