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GMX uses an oracle-based price feed to ensure accurate and fair pricing. Additionally, you can trade directly from your crypto wallet without needing to deposit funds on the platform, making it a secure and decentralized option for BTC and ETH traders. We process content data in order to fulfill the services guaranteed in our contract with you. If this happens, we can assume that perp traders are bullish – more longs are open than shorts, which are, in effect, driving the perp price of the asset higher. The funding rate effectively brings the derivative price back closer to the underlying price of the index, until it no longer remains profitable to take the opposing side of the trade from an arbitrage perspective.

Manage all your email addresses together

To stop the processing of your data, you would have to terminate or revoke your existing GMX free webmail contract and stop using GMX Cloud. It helps us grow, fix bugs, and develop an even better mobile email app for our users. Tell us what you like or dislike, or what additional features you would like to see included, by rating our app on the Google Play Store and the Apple App Store. In summary, GMX provides a robust email service with extensive features for personal and professional use, as well as a decentralized platform for cryptocurrency trading.

Flaunch: Redefining Launchpads with Fixed Price Fair Launch

If you follow these seven steps to make your account, you can immediately begin using all the email services and bonus features GMX provides. You can sell GMX on decentralized spot exchanges on the Arbitrum network. Thanks to low fees on Arbitrum and Avalanche, the leveraged trading experience feels close to what you could get on a CEX. The GMX exchange is a viable Web3 alternative to centralized exchanges. It lets you both trade and earn by providing liquidity for market making. All in all, my experience on GMX as a platform has been excellent.

Due to the high leverage on the platform, liquidity provided on the platform is highly capital efficient. This creates relatively high APRs on GMX for GLP stakers, with the current APR hovering around 20%. CoinMarketCap Academy takes a deep dive into GMX — a spot and perpetuals decentralized exchange on Arbitrum and Avalanche. Content and usage data is deleted after 180 days of inactivity in accordance with GMX’s Terms and Conditions. The email address registered at GMX and the affiliated inbox will be saved in accordance with legal time frames and then deleted. Your personal data never leaves GMX; it is saved in our secure computer centers in accordance with European data protection laws, as detailed in our general Terms and Conditions.

Migrate your old accounts to GMX

Whether you’re interested in leverage trading, simple token swaps, or staking, GMX provides a range of tools for both experienced and intermediate users. It was introduced to prevent all liquidity from being reserved by users holding equal long and short positions. If there’s an imbalance—say, more long positions than short ones—then long position holders pay a borrowing fee. This additional charge adjusts based on liquidity needs, encouraging more liquidity if it’s low. Opening or closing a position on GMX V2 involves a small trading fee.

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In this post, we’ll explore what GMX is, review the GMX and GLP tokens, and show you how to use this exchange. I am personally looking forward to additional chains, trading incentives and somehow “improving GLP performance” on top of what is already an amazing product IMO. This is also true of other emerging and not-yet recognized chains. If it makes sense for the GLP stakers/ to provide liquidity on multiple chains then, why not? GMXs plasticity with regards to being open to trying new things and moving fast is going to set them apart from its competitors in how to buy pumpeth the long run. Personally, this seems like an awesome way to gain exposure to a pretty solid index with some of the best rewards in the business.

  • Zerion swap can help you find the best rate for GMX on Arbitrum and Avalanche.
  • While GMX Mail offers a range of features and plans suitable for various users, Neo’s email services provide a compelling alternative with unique features and competitive pricing.
  • You can sell GMX on decentralized spot exchanges on the Arbitrum network.

For those who don’t know, the former is a decentralized exchange built on the Ethereum blockchain, focusing on derivatives trading. Moreover, standard token swaps incur a 0.05% fee if they improve liquidity balance in the pool and 0.07% if they don’t. If you’re swapping stablecoins, the fees are even lower—ranging from 0.005% to 0.02%, depending on the pool balance.

  • Storage with European servers in addition to many other security features.
  • Specifically, if your trade balances the platform’s long and short positions, the charge is lower at 0.05%.
  • You can use a variety of interesting formatting options, such as emojis and different fonts and colours.
  • The tool lets you lock up your GMX tokens to earn rewards and contribute to the application’s stability.
  • Importantly, the yield for GLP holders is not based on GMX emissions.

When it comes to trading crypto, you’re probably familiar with big names like Binance, Kraken, and Bybit. Each offers its own unique features, but what if you’re looking for something a bit different? If you’ve been wondering what makes GMX stand out, you’re in the right place. We use the data we collect to provide you with the services guaranteed in the general terms and conditions of our contract. At GMX you’ll have the best possible protection in email communication in accordance with European data protection regulations. Selecting the right email service is crucial for effective communication and productivity.

A small price movement in the wrong direction can lead to major the 5 big problems with blockchain everyone should be aware of losses, which is why leverage trading is often not ideal for beginners or casual traders. Multiplier Points are used to reward long-term holders without inflation. When Multiplier Points are staked, they boost the yield from staking GMX at the same rate as if the user was staking the same number of GMX tokens. However, when GMX or esGMX is unstaked, a proportionate amount of Multiplier Points are burnt.

Zerion swap can help you find you the best GMX price across all markets. I hope this article has shed some light on the inner workings of GMX and GLP and their roles within this brilliant perpetual exchange. I will also be releasing a “How-to GMX” article with the help of my partner in crime @jedihornet later this week.

It’s a platform where traders can access high leverage, swap seamlessly, and benefit from GMX staking—all while navigating a transparent fee structure that differs from typical maker-taker models. As I wrap up this GMX review, it’s clear that the platform brings a fresh perspective to decentralized trading. Unlike centralized giants like Binance, Kraken, and Bybit, the application offers a way to trade with full control over your assets, thanks to its wallet-based structure on Arbitrum and Avalanche. Swap trading on GMX is more beginner-friendly because it doesn’t come with the added pressure or risk of leverage. You’re simply converting one asset into another at the platform’s rates, which are generally competitive. However, GMX fees apply to swaps, and the cost may vary based on market factors like liquidity balance.

The core feature of GMX is a community-operated ‘unionized’ liquidity pool – the GLP pool. The GLP holders earn when traders lose (leverage makes it easy!) and vice versa. As more and more volume gets handled on-chain, the platforms (and implied technical security measures) that traders like to lock funds into become a real make or break decision. Arbitrum is arguably the dominant roll-up solution for transactions secured by the largest most decentralised blockchain, Ethereum. If a specific asset goes above its target weight, then the fees for buying GLP with that token will increase to disincentive users from depositing further.

Depending on your needs—whether for communication 12 best practices for mobile application testing o2i or trading—GMX has offerings that cater to both areas effectively. It has many advantages, including storage space that’s significantly higher than rival email clients and alias addresses to send and receive messages. It’s a reasonable alternative to the more popular email clients like Gmail and Microsoft Outlook. You can stake GMX tokens on the GMX platform to earn swap fees and fees from leverage trading. My personal guess is we begin to see GMX adoption eating away into dYdXs volume and market cap.

The tool lets you borrow funds to open a position larger than your own capital, allowing for higher exposure to market movements. Sometimes, a swap is needed when you open or close a position, which incurs an additional charge. The fees can range from 0.2% to 0.8%, depending on whether the swap helps balance the pool. This flexibility makes GMX an appealing choice, though it’s worth calculating these costs beforehand.

This gives us two secure ways to contact you – email or text message – if you need to recover your password. Please rest assured that GMX will not use your mobile phone number to contact you for any other reason or give this information to a third party. At GMX, we aim to optimize your email experience without compromising on functionality. So we don’t just make it easy to sign up for an email account, but easy to use as well. Our email offers a premium experience for free, with an intuitive inbox packed with great features designed to make email more convenient and enjoyable. The first steps of creating a GMX email account are very easy and straightforward!