Early this week, Bitcoin price climbed above $5,850 and surging higher to $6,100, but there are many hurdles near $6,100. Bitcoin seems to be gaining pace above $6,100 level and if there is a successful close above $6,200, it may rise higher towards $6,500 or even $6,800. After that, a substantial downside correction may occur. If fails, the price may retest $5,500 resistance level.
Before obvious rally signal and a bull run appear, bitcoin as well as the whole cryptocurrency market will maintain fluctuation. It’s good time to find an innovative way to trade Bitcoin other than BTC spot to take profits.
Why Choose BTC Futures Trading with Leverage?
BTC futures in Bexplus exchange is BTC-settled perpectual contracts, which allows you to benefit from price increases as well as declines. With leverage, you won’t need to use the full $6K to trade bitcoin futures contracts. For example, added 100x leverage, you can use only 0.1 bitcoin to open 10 bitcoin contracts. This is better-suited for traders with small capitals. Besides, Bitcoin’s volatile in the current market trend is also the reason why
btc futures trading is much more profitable than btc spot trades.
Bitcoin Futures vs. Bitcoin Spot
Now imagine that you invest 1 Bitcoin at $5,900 to long BTC and close the order at $6,000, here are the profits compare for spot trades and 100x leverage futures trading:
BTC spot trade:
Buy 1 bitcoin at $5,900 and sell it at $6,000.
Profit is ($6,000 – $5,900) = $100
100x leverage BTC futures trading:
Use 1 bitcoin to open a 100 btc position to long it with 100x leverage.
Profit is 100 BTC ($6,000 – $5,900) = 1.69 BTC = $10,140
As you can see, if you prefer short-term trades, bitcoin futures with 100 times leverage will bring you much more profits. If you go short BTC (predicting price down), you can also earn money in futures trading. However in spot trades, price falling will only lead to loss.
Where to Trade 100x Leverage BTC Perpetual Futures?
Since 2017, there are many BTC futures exchanges out there in the market, but few of them provide 100 times leverage. BitMEX is one of the 100x leverage bitcoin futures trading platforms currently in operation. However, BitMEX traders turned to other exchanges due to the “auto-deleveraging” incident after bitcoin’s dramatic price rise last month, causing over $500 million was liquidated.
Bexplus is another popular futures exchange which provides bitcoin, ethereum and litecoin perpetual futures with 100x leverage. Why traders love Bexplus:
No expiration. Buy or sell the order any time you want.
No spread. Open or close the position at the precise prices you like.
Up to 100x leverage. Gain 100% profit on 1% price movement.
Buy or sell perpetual contracts anytime you want. No expiration.
Ultra-fast and simple withdrawal process.
Cutting-edge security features including two-factor authentication, cold wallet and much more.
High liquidity. All orders will be executed immediately with low latency.
Get 100% Free BTC Bonus in Bexplus
Deposit BTC in your account, you will get 100% free BTC matches your balance. You can get 10 free BTC if you deposit 10 BTC in.
Up to 50% Invitation Referral Reward
Invite friends to register and trade in Bexplus, you can earn 10%-50% of your invitees’ each deposit instantly. It will be counted with BTC and directly credited in your account.
If you’re a skilled trader, bitcoin futures look like a viable alternative to btc spot trades based on the current market trend. For traders with small amount of money can also get bigger gains with leveraged futures trading. But if you’re a swing trader or long-term “hodler”, btc spot might be less stressful and of lower risk. Choose the better-suited trading instrument and make profits based on your own thoughts.
Did you like the news you just read? Please leave a feedback to help us serve you better