Cryptocurrency leverage trading can be fruitful if you as an investor explore all its dimensions in detail. You as an elite user can buy as well as sell bitcoins wherein you have to buy at a lower price and sell at a higher price. This methodology is efficacious only if the cryptocurrency price increases. In addition, leverage trading is as well allowed in this aspect.
The unavoidable steps of cryptocurrency leverage trading in BTCC
In cryptocurrency leverage trading of BTCC, a user has to follow only seven easy steps. It starts with the opening of the webpage of BTCC pertaining to futures trading. Here he or she has to register which will take a few seconds wherein a few personal information pertained to the interested user and his or her related account should be provided.
Next, is the deposit of the minimal amount. This varies from as low as two USDT to as high as 500 USDT which is amazingly clubbed with a high bonus of two thousand USDT. In the later step of cryptocurrency leverage trading, a user has to choose the crypto futures type that perfectly matches his or her financial needs. This could specifically pertain to the weekly and perpetual contracts since they are associated with seven days expiry and nil expiry dates, respectively.
The short-term daily contracts are generally not chosen by the users of cryptocurrency leverage trading since the time period is limited and moreover, the market fluctuations are very high. In the third step, a user has to choose the order type that encompasses the three popular varieties namely market orders, limit orders, and stop-loss orders. Here also the market orders are purchased or sold instantly whenever the user finds the best suitable price availing in the market.
In the fourth step, the selection of leverage is very crucial in cryptocurrency leverage trading. A user can adjust leverage levels based on his or her needs. In weekly contracts, the leverages start from 10x and go up to 100x. In the fifth step, a user selects the lot size. This is also highly dependent upon his or her requirements and it ranges from one to three thousand lots.
In the sixth step, a user in cryptocurrency leverage trading has to set the stop-loss as well as take-profit targets. These are also variable. The market ones can be executed quickly at the best prevailing market price, whilst limit as well as stop-orders are executable within a day or during a week.
And in the seventh step of cryptocurrency leverage trading, a user has to select the price direction by setting up elementary data information and selecting to buy or sell which are in open long and short categories, after it gains a desirable price in the international online market.
Accessing cryptocurrency leverage trading online in BTCC
This is simply via the exploration of https://www.btcc.com/ that is at the fingertips of a user. They are assured to assist a user tremendously since they are equipped with one of the most cooperative online executives that are present daily and are contactable globally.