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All About ErisX Crypto Exchange

ErisX crypto exchange is a market-leading crypto spot and futures platform. But, what makes it appealing to traders? Find out in this guide.

ErisX is a single, innovative platform for crypto spot and futures markets for institutions as well as individuals. It offers capital markets friendly, compliant workflows to investors by combining advanced technology, professional tools, a diverse product set, and sophisticated regulatory oversight. 

ErisX crypto exchange is backed by some of the largest financial institutions and trading firms and hence, it offers reliability and transparency to the digital asset class. ErisX exchange operates with a single goal of bringing digital currencies closer to traditional asset classes.

Connecting your ErisX Address to ZenLedger For Your Crypto Tax Forms 

As one of the most comprehensive cryptocurrency tax software options on the market, we have import instructions for well over 400+ exchanges

Within ZenLedger, on the Import Transactions page and Exchanges tab, select the Exchange you want to import. Then you'll see a table that outlines the possible methods. We support a direct API code import for many centralized exchanges, while others may require a CSV import. Decentralized exchanges may require a wallet address.

To import your transactions from an exchange, simply navigate to the "Exchanges" tab of the "Imports" page. Select the exchange that you are looking to import, and instructions will be provided for that specific exchange!

Features of ErisX Crypto Exchange

The ERisX exchange is packed with features that help traders and investors make informed decisions. Here’s an overview of ErisX’s features:

The Algo Machine - Order On Fill (OoF)

ErisX’s The Algo Machine (TAM) allows investors/traders to automate their trading strategies without the coding know-how. The exchange’s latest algorithmic order type, Order-on-fill, creates a new order automatically on the opposite side when a Member’s working order is executed.

Lesser Fee = More Bitcoin

What makes ErisX stand apart from the crowd is its lowest trading fee. Unlike other exchanges that charge as much as 2 percent, which is $20 for every $1,000 worth of Bitcoin, the ErisX crypto exchange only charges 0.2 percent. This means that the more you save on fees, the more Bitcoin you can buy. 

Trading the Basis

Trading the Basis is a renowned trading strategy, which requires a regulated and spot futures market. Luckily, ErisX exchange has both on its platform. 

Basis trading is a kind of arbitrage that includes taking offsetting positions in the futures and spot market of the same commodity to take advantage of differences in pricing at the same time. This difference is known as the basis. 

ErisX crypto exchange’s spot market offers trading in Ether, Bitcoin, Litecoin, and Bitcoin Cash as of now. Also, the exchange offers physically delivered Ether contracts and Bitcoin contracts. One of the benefits of physically delivered contracts is that they avoid the potential risk of slippage occurring in cash-settled products. 

Physically Delivered Futures

With the ErisX’s physically delivered futures contracts, the trader benefits from reduced risk of basis. Position holders can leverage coins for collateral to enter into a short futures position. Also, ErisX’s trading platform offers risk management and price discovery tools important for hedgers, miners, and investors. 

How to Open an Account on ErisX’s Crypto Exchange?

To be able to trade in the ErisX exchange, you have to open an account and finish the KYC process. It is a simple process, but it might take some time to get approved. Here are the steps to open an account on the exchange: 

  • On your web browser, go to: https://www.erisx.com
  • On the top right-hand corner, click on sign-up
  • Enter your email address
  • Choose a password and enter it. Be mindful of the minimum requirements
  • Hit continue
  • You’ll receive an email in your inbox prompting you to confirm your email address. If you don’t receive an email, check your spam folder
  • Once you confirm your email, hit the “Back to Login” button
  • Enter the email and the password of your choosing from before to log in
  • You’ll see a “Get Started” button
  • You’ll be asked to enter some personal information. Fill the fields with “*” and hit continue 
  • Review all the information
  • Agree to ErisX’s terms of service and hit “Submit”
  • Now, you’ll be prompted to provide photos of your ID and your selfie to start the KYC and AML process
  • Once you send all the required docs, they will be sent to ErisX’s team for approval

Usually, the KYC information is processed immediately, but the final approval step might take longer. Once your application is approved, you’ll be notified via email. 

Final Thoughts 

ErisX is a technologically advanced crypto spot and futures trading platform. As a matter of fact, ErisX has partnered with Capitalise.ai, a well-known, global trading analytics and automation platform. With this alliance in place, ErisX’s users will be able to trade seamlessly by automating their trading strategies. All the traders have to do is use free-style text and heaps of insights will be provided to them by Capitalise.ai’s analytics features. 

ErisX’s users also have full, free access to automation tools such as backtesting, smart notifications, analytics, research, and more. Finally, users will have access to Capitalise.ai’s iOS and Android mobile apps to control their strategies all year round.

ErisX Crypto Exchange FAQs

1. What is the ErisX crypto exchange?

ErisX is a single, innovative platform for crypto spot and futures markets for institutions as well as individuals. It offers capital markets friendly, compliant workflows to investors by combining advanced technology, professional tools, a diverse product set, and sophisticated regulatory oversight.

2. Is ErisX an exchange?

Yes, ErisX is an exchange, but it is also a regulated clearinghouse. ErisX crypto exchange is backed by some of the largest financial institutions and trading firms and hence, it offers reliability and transparency to the digital asset class.

3. Why Can't ErisX Generate My Tax Forms?

The majority of crypto investors use other wallets, exchanges, and platforms other than ErisX. The problem with ErisX’s tax reporting is that it can only provide you with information about its platform. If an investor/trader uses other wallets, exchanges, DeFi protocols, and platforms, the exchange cannot provide information regarding complete gains, losses, and income tax.

Simplifying DeFi, NFT, and Crypto Taxes for Investors and Tax Professionals.

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Simplifying DeFi, NFT, and Crypto Taxes for Investors and Tax Professionals

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