How to Use Bexplus to Trade with Leverage

 After falling below the $3,500 support level yet again, the value of BTC has dropped dramatically. The price is testing the $3,400 support level, but it might extend the decline to $3,200 or $3,000.

Meanwhile, altcoins have had it much worse. Investors continue to await the end of the protracted bear market. No one knows when and where the bottom will arrive. It may take months for BTC to find a longer-term bottom. This is where futures trading can come in.

Step-by-step guide to trading BTC futures contracts with 100x Leverage

Unlike the BTC spot trade, BTC futures trading/margin trading gives you the chance to benefit from the price fluctuations of BTC regardless of the direction in which it’s moving.

Leverage too is another attractive thing in the futures market. For example, with 100x leverage, if you invest 1 BTC in a contract, it’s equivalent to 100 BTC contracts, which amplifies the profit - as well as the potential loss - 100x.

Among several kinds of futures contracts on the market, perpetual contracts are the most popular - and are more similar to the spot trade - without expiration, which means you can open or close the order at any time. You can also set stop-profit and stop-loss orders to maximize the profit and save up to 70% of your capital in case the market suddenly switches direction.

Now, let’s see how to trade BTC futures in the real-time market. Bexplus is a Hong Kong-based cryptocurrency futures exchange founded in 2017, offering BTC, ETH and LTC perpetual contracts with up to 100x leverage. It also provides a trading simulator with 10 BTC preset, which is helpful for beginners.

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Open a short position at the price of $3,620 if you think the BTC price will plunge soon.

Set the trading volume within the range of 0.1 - 100. Add 100x leverage, you can type in any volume you want and the actual amount of BTC you invest in will display as the margin used.

For instance set 100 as volume which will use 1 BTC as margin. Click the Sell/Down button to execute the short order. Close the position at the price of $3,400, you can get:

100 BTC * ($3,620-$3,400) / $3,620 = 6 BTC

Note: In the Hold Order column, set stop-profit and stop-loss to lower the risks.

You can also open a long order when it hits lower than $3,400 and make profit from its bounce back.

As you can see, BTC futures trading can be profitable especially during the bear market (you also stand to lose money). It can also hedge against spot trades. You can try it on the Bexplus exchange, and register an account with PCDfB invitation code to enjoy 10% off the transaction fee.  

The 100% deposit bonus activity has been available since February 1, 2019. Deposit BTC, and you can get a 100% free BTC bonus, which can be used to trade futures contracts.

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Follow Bexplus on:

Website: www.bexplus.com

Facebook: https://www.facebook.com/Bexplusglobal/

Telegram: https://t.me/bexplusexchange

For Business cooperation: [email protected]

 

Important information - please remember that the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. If you are unsure of the suitability of your investment please seek advice. Tax rules can change and the value of any benefits depends on individual circumstances.

Libra Association Member Bison Trails Adds Support for Ontology Nodes

  • Libra Association member Bison Trails is integrating support for Ontology's Triones Node infrastructure.
  • New partnership will allow for seamless deployment of Ontology nodes for enterprise companies.  

Bison Trails, a member of the Libra Association, has announced support for ontology nodes to their platform. 

According to the press release shared with CryptoGlobe, Bison Trails is integrating the Triones Node infrastructure to their platform, which will allow for seamless deployment of Ontology nodes for enterprise companies. 

Ontology, a high-performance public blockchain and trust collaboration platform, is targeting the needs of enterprises new to the industry of blockchain. The partnership with Bison Trails will allow for “interchain communication” and “flexible” exchanges across businesses. 

Joe Lallouz, CEO of Bison Trails said of the new partnership, 

The future of enterprise blockchain involves enabling businesses that help drive transactions to easily participate in both the security and profitability of the chain they’ve chosen. The Bison Trails and Ontology partnership puts in place the foundation to catalyze adoption of the technology.

The Ontology network currently has 49 Triones and 11 consensus node members spread across the globe. The partnership with Bison Trails will “further decentralize” node management and streamline node initiation for Ontology users. 

Ontology founder Li Jun explained the community’s outlook, 

Unlike many other ‘post Bitcoin’ blockchains, Ontology has been focused on enterprise and real-world deployment from day one, successfully launching mainnet back in 2018.

He continued, 

Ontology is focused on providing value by enabling global businesses to collaborate in a secure trusted fashion faster and with fewer costs than ever before.

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