Today, BTCC is considered an irresistible online platform essentially for bitcoin leverage trading in the global market. However, this website has also rendered effective know-how on the trading of bitcoin futures for its elite users.
The futures contracts are basically the derivative types whose values are procured from an underlying asset. This underlying asset can be a bond, a stock, or even a commodity. Nonetheless, in the case of bitcoin leverage trading or any other cryptocurrency futures contracts, the underlying asset is a crypto asset, viz. Bitcoin or BTC.
The facts about bitcoin leverage trading in BTCC
In BTCC unlike purchasing a bitcoin or BTC directly from a spot market, a bitcoin futures contract is traded on leverage. Herein, the bitcoin leverage trading will give an elite member a high purchasing power and subsequently a substantial profit by borrowing money as high as 150x from the viable online exchanges.
In bitcoin leverage trading, BTCC delivers different kinds of contracts. These cover the daily, weekly and perpetual contracts essentially for the derivative trading of bitcoin. As the name suggests, the daily, weekly, and perpetual contracts can be maintained for one day, one week and with no time limitations whatsoever, respectively, since in perpetual bitcoin trading, a user can keep it as long as he or she optimally fulfills the margin needs.
The vital procedure of bitcoin leverage trading in BTCC
In BTCC, bitcoin leverage trading pertains to buying or selling of bitcoin futures that can be carried out in a few steps. This specifically includes the trading of bitcoin weekly, or perpetual contracts which can be done by visiting the BTCC website, clicking on the trading platform directing a user to a secure trading platform.
A member has to preferably switch between the weekly and perpetual bitcoin contracts. Here a user has to click on the drop-down button of the market watch and set the bitcoin leverage trading that is the BTC weekly futures by default and then navigate to the bitcoin perpetual contract. Now, under perpetual contract, a user has to click on BTC/USD to set the main chart window to the perpetual futures contract of bitcoin.
Selection of orders, leverages, and lot sizes in bitcoin leverage trading
In bitcoin leverage trading, the orders include the instant market orders and pending orders of limit and stop-order, respectively. The main difference between pending orders is that they will only activate as live orders when the price of market reaches the pending price level and if they are not activated then they get deleted. Their validity period varies from one day to one week.
In limit orders a member expects the bitcoin price to bounce off from his or her established price level and stop orders are those that traders place when they feel that the bitcoin price will break through the established threshold price and continue in the same direction. Choice of leverage in bitcoin trading varies from 5x to 100x of the user’s capital and lot size selection also differs in regular BTC weekly and perpetual futures. For more information click https://www.btcc.com/.
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