Although Bitcoin and many other cryptocurrencies have been in existence since 2009, they really got attention from the public is since 2017 the bull market. In 2018, when many speculators rushed into the crypto market hoping become millionaires by investing in BTC and other cryptocurrencies, however, the Bitcoin, as well as the whole crypto market, switched to repeated decline. Instead of BTC spot trade, investors tend to look to make a profit from Bitcoin futures, which can help hedge against risk against the volatile price fluctuations of Bitcoin.
Why Trade BTC Futures Contracts?
Cryptocurrency futures trading is a kind of agreement to buy or sell a certain amount of crypto assets at a specific price with X times leverage added. The reasons why it gets more and more popular for the following advantages:
- First, BTC futures contracts give investors a chance to make profit from both the market up or down. BTC price keeps repeated decline recently, it’s good chance to short BTC and earn money.
- Second, investors can use a small amount of BTC to open a larger position with x times leverage.
- Third, BTC futures trading can lead to less volatility of its price in the long-term and enables investors to protect their assets from adverse price swings.
For instance, if you hold 10 Bitcoin at $3,500 and expect its price to drop, you can sell (short) a futures contract at the current price of $3,500. If the price declines to that you want, such as $3,300, you can close the contract and make a profit. Assume that you expect the BTC price goes up to $3,700, you can buy (long) a futures contract at the price of $3,500 and close it at $3,700. In this way, you can also earn money.
An alternative to BitMEX – Bexplus Cryptocurrency Futures Exchange
BitMEX is one of the largest cryptocurrency futures exchanges, which provides BTC futures trading, but not available to U.S. citizens. And its interface is quite difficult and complex for beginners in particular. During the high volatility, it often shows constant overloads and cannot be stably traded on. If you want to withdraw from the platform, you need to submit a withdrawal request before UTC 13:00, or you need to wait to the next day. It’s quite not user-friendly.
Bexplus is an advanced and popular cryptocurrency futures exchange platform, offering Bitcoin, Ethereum and Litecoin perpetual contracts with 100x leverage. Established in Hong Kong in 2017, Bexplus is backed by a team of senior blockchain architects, experienced financial traders, Internet professionals and operators, who have experience in the financial futures market and the Wall Street.
If you are a beginner in the crypto futures market, you can get to know how to trade BTC futures contracts in Bexplus with its easy-to-use interface. You can also try in the trading simulator with 10 BTC preset. With 100x leveraged perpetual contract, you can make 100% profit when the price goes up or down 1% even though you hold a small amount of capitals. It also enables you to set stop-profit and stop-loss points to lower the risks.
Deposit Activity to Earn 50% BTC Free Bonus
To deposit BTC in the Bexplus account, you can earn 50% BTC bonus, which can also be used to trade futures contract and withdrawn. The more deposit, the more bonus you will get!
Invite Friends to Join and Earn 30% Commission
Invite friends to register and trade in Bexplus, you can share 30% transaction fee of your invitees as commission. Also both you and our invitees can enjoy 10% OFF service charge.
Based on the current trend, BTC futures trading might be the best way for you to earn money in the short period. Now join Bexplus and try BTC futures contracts!
Register with invitation code: PCDfB and enjoy 10% off transaction fee.
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