THELOGICALINDIAN - When it comes to crypto futures exchanges the boilerplate banker will advance a accepted toolkit of some accustomed crypto trading pairs usually 100x advantage bitcoin abiding affairs bidask orders However Bex500 Crypto Exchange is a accomplished altered story
To chargeless traders from complicated abracadabra such as “initial margin”, “forced liquidation”, “margin ratio”, Bex500 launches a cutting-edge crypto derivative- “double contract”.
“Double Contract” or “DB”, is a crypto acquired with the simplest rules I anytime know, accessible to apprentice and trade.
Think of it as a “Lucky 60 points” game. You can bet on the bitcoin prices activity up or bottomward by 60 points. Your pale is the allowance you put down. If you are appropriate with the amount movement, again your pale can be doubled.
Here is an example,
If you anticipate BTC amount will go up by 60 points, you can put bottomward 60 USDT as allowance (stake), again by beat “Buy/Long” button, you will bet on 1 BTC account of arrangement activity up, which is apparent in the “volume” blank.
Current BTC amount is 7350.01 USDT, back it goes up by 60 credibility to 7410.01 USDT, your adjustment will booty accumulation automatically, you will win $60 additional your $60 back=$120.
If it goes up by alone 50 points, you can still abutting the adjustment by yourself, and will win $50 additional your $60 back.
As accessible as it seems, there are pros and cons with “double contract”
-Start small
You can alpha trading with as little as $1.
Unlike acceptable abiding contracts, area the minimum ascribe is about 10 USDT, “DB” alone requires beneath than 1 USDT to get in the game.
-No bazaar manipulations
Many accomplished traders are acquainted of cabal manipulations by exchanges. There are additionally astonishing acceleration and abatement of above crypto assets actuality priced on “shady” exchanges.
When trading DB, you can be assured that the amount on Bex500 is the abounding boilerplate of these from the world-level exchanges – Bitfinex, Binance, Poloniex, and Huobi Global. Because of this, no abetment will affect the amount of the crypto asset.
-Sudden victory
With bitcoin volatility, it ability booty alone a few account for the amount to go up or bottomward by 60 points.
You can brainstorm what will appear if the amount goes bottomward back you apprehend the adverse direction.
However, the acceptable account is, Bex500 applies abrogating balances and stop-loss is triggered automatically back the amount goes in the amiss administration by 60 points.
As accessible as it looks, “Double contract” is still a acquired of bitcoin, convenance and acuity are still bare in trading. But Bex500 has done an accomplished job to facilitate the trading rules, and advancement it to a able another to 100x advantage abiding contracts.
“DB” is absolutely a trading bold that you can adept with connected practice.
It is a starting point from which you can affluence yourself into the complication of acquired market.
