In the Autumn of 2017, the price of bitcoin began to rise and in December, it reached nearly $20,000. Since then, the bitcoin market has attracted more and more new traders, “hodlers” in particular. However, just a few weeks later, bitcoin price fell rapidly and sharply, crashing all the way down below $3,500 by November 2018. In 2019, bitcoin saw a new resurgence and burst to around $10,000 by June, but it soon declined to around $7,000, as history tends to repeat itself.
In 2020, bitcoin even dropped to as low as $3,800 again alongside the negative oil price. And the block reward halving which is considered to be a bullish event has brought BTC back above the $10,000 level. And recently, the bitcoin price has been fluctuating between $9,000 – $10,000.
BTC price keeps testing the $10,000 mark and failed to recover the all-time high that greatly tortured spot trade investors. Most of them feel disappointed because their capitals are crapped in the BTC spot market and even leading to greater loss.
Therefore, more and more smart and bold investors turned to the Bitcoin futures market, so that they can benefit from the market fluctuations rather than locking the fund and losing money in spot trade.
BTC Futures Trading – Profit from Price Up or Down
As we all know, you can only make profit when BTC price skyrockets to the moon when trading BTC spots. Obviously, during the market fluctuation, BTC spot trades will not bring you profit. Many experts as well as professional investors will choose Bitcoin futures. Bitcoin futures perpetual contract is a derivative product, with which traders can buy or sell BTC at a certain price at any time in the future. Leverage is one of the greatest advantages which will increase the profits X times if you bet on the correct market trend.
- 100x leverage
So how to trade bitcoin futures? Actually, it’s quite easy. Firstly, you should choose an exchange that offers leveraged futures trading, Secondly, different exchanges provide various times leverage, such as 20x, 50x, 100x, etc. 100x leverage is the most popular. If you were to invest 1 BTC in 100x leverage futures contract, the true value of the contract would be 100 BTC. The higher leverage you choose, the greater risks you may afford.
- Bi-directional trading
Bidirectional profit is another advantage that comes with BTC futures. Despite the huge bullish run last week, the market is undergoing an unpredictable consolidation, with many twists and turns along the way. Taking advantage of BTC price ups and downs, you buy/up or sell/down BTC to make great profits.
Bexplus – A Popular Crypto Futures Exchange
Bexplus is a crypto trading platform focused on 100x leverage crypto futures. Bexplus was established in late 2017 and registered in Saint Vincent and the Grenadines. Bexplus has offices in Singapore, Japan, the US and Brazil and is constantly expanding worldwide.
Bexplus provides 100x leverage margin trading on BTC, ETH, LTC, EOS and XRP. Traders are allowed to bet on market rising and falling. For new users, Bexplus is giving a 100% deposit bonus which can help traders increase the margin and the opportunity to get bigger gains.
- Easy Registration with No KYC
Traders can easily register an account with email without the risks of leaking out personal information.
- Trading simulator with 10 BTC
Bexplus has specially offered a trading simulator account for every registered user. Upon registration, users will be given an actual trading account and a demo account, so they don’t have to make a request for the demo account. There are 10 replenishable BTC in the demo account for traders to practice as much as they like.
- Profit on Android & iOS
Bexplus mobile app ranks in the Top 5 of keyword search results related to bitcoin trading in 56 countries in App Annie. At first glance, the interface is quite simple and intuitive, but it covers all the necessary tools (real-time charts, a variety of indicators, news alerts and etc.) and information for traders to keep abreast of the market.
- Up to 10 BTC Deposit Bonus
All users in Bexplus are eligible to apply for up to 10 BTC deposit bonus at one time deposit. For example, if you deposit 1 BTC in your account, you will get 2 BTC credited in your account.
Find more about Bexplus:
Mobile Trading (Android): https://play.google.com/store/apps/details?id=com.lingxi.bexplus
Mobile Trading (iOS): https://apps.apple.com/us/app/bexplus-profit-from-cryptos/id1442189260
Disclosure/Disclaimer: This article is sponsored and provided by a third-party source and should not be viewed as an endorsement by ZyCrypto. Readers should do their own research before having anything to do with the company, goods, and/or services mentioned in the above article.