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404.php - Proper Risk Management: The Ultimate Crypto Trading Signals Guide

Crypto Trading Risk Management

Bitcoin trading requires proper asset allocation and proper risk management so as to minimize your losses and maximize your gains. That is why we strive to provide proper stop-losses, and an easy to follow asset allocation. The great majority of trades done here at Altsignals call for no more than 3% of your account/portfolio.

Why You WILL Get Rekt When You Don’t Prepare

You’ll never have to worry about getting rekt with our Crypto trading signals telegram group

Don’t be this kid. Our crypto trading signals telegram group does have losses from time to time, but not liquidations, and we primarily recommend a 3% allocation to any one trade. This is not a get rich quick war. It’s a consistent and quality form of income.

How do you prepare for trading safely with crypto?

Never invest or trade anything more than you can afford to lose
We suggest you use no more than 3% of your total assets to any one bitcoin trading call
When you make a profit, take that off of the exchange, immediately!
Avoid using Bitmex if you’re a new trader, but instead follow this link to join the SUPER SIMPLE BitSeven, or join Bybit!
Join our “Bitmex Signals” telegram group, which really is good for Bybit and even better for BitSeven! Join here

404.php - Bitcoin Wallet: Ultimate Guide to No FOMO Investing

Bitcoin Wallet Protection

You need to have the correct bitcoin wallet, more on that in a future article. We also need to protect our crypto wallet by having a crypto trading system that we follow like a machine. We must not deviate from the plan or we revert into FOMO investing (fear of missing out). If we do that, then we will blow up our wallet. Never blow up your wallet.

In this article, we will cover the following topics:

Bitcoin Wallet Protection Formula
FOMO Investing Fails
Where to get the best crypto trading signals telegram

Bitcoin Wallet Protection Formula

The following formula is needed to grow your crypto wallet:

Initial Investment + Proper Risk Management = Increased Wallet Size

If your initial investment is 100 USD/AUD/YUAN, you should invest with only 3% of your portfolio at a time. You need to properly set a stop-loss, take-profit level and proper leverage.

A stop-loss is a an automatic pricepoint where you will close your position, at a slight loss, but no liquidation. A liquidation is where you will loss 100% of your entire trading position. With our crypto calls, you don’t get liquidated. You get a larger portfolio to trade with.

A take-profit level is an automatic pricepoint where you will close your position at a profit. The reason for setting this, is that you can be asleep and still make a profit. Also, you can safely trade crypto by setting a pricepoint. Most traders lose money because they don’t have a target and don’t get out of their positions. You must always take a profit, or the market will.

Proper risk management means you will only use a small amount of your portfolio and get many wins to build it. It’s not using all of your portfolio. Some advise that you use no more than 25% of your portolio. Most of our signals say you should only use 3% of your portfolio. In this way, you don’t suffer irreversible losses.

Check out our telgram trading signals group here.

FOMO Investing Fails

The following formula is how to decrease your crypto wallet:

Initial Investment + FOMO = Rekt

FOMOing in on a short or a long is doing the complete opposite of our risk management principles. We have the top crypto calls on the market for trading signals on telegram, and we want you to win. Have you ever been in a trade that has gone up but failed due to FOMO? Well, here are very real ways FOMO can cause you to LOSE. I will share moments from myself and friends.

The bitcoin cash pump. Bitcoin Cash ABC (yes, the alphabet is back in style) was pumping from $88 USDT to over $153 USDT in December of 2018 and a buddy of mine practicing FOMO LOST money on his long…How? Because on a 1 and 15 minute scale, prices go up and down. She leveraged 5X on the trade, so a pretty safe trade. She messed up when she jumped out at a profit at $93, then jumped back in and put her entire portfolio back in at $98, then the price dumped to just over $90 and she panic sold at a loss. At the end of the day of doing this for 3-days in a row, she lost $64,000 USD. Wow…don’t be her.
This one comes from a 100X leverage short I took out by experimenting on a momentum blind trade dump. I saw bitcoin drop from from 10500 to 10150 and THEN jumped in, but after that, it moved against me and hit my stop-loss. I lost $20 on that. It was an experiment for a friend, but never again. I experiment only with SMALL amouts of money, but never will I not follow my trading principles with my real trading portfolio.

Where to get the best crypto trading signals telegram

Before proceeding, check out our derivatives trading platform reviews on BitSeven, ByBit, and Bitmex, here.

Altsignals is the home to the top bitmex trading signals on telegram, and it won’t change anytime soon. Why? There is a team making a calls for the signal group, so we got you covered. There is also a bot that automically tells you the profits and losses in our groups. There is a free group to try, but we know you won’t be there for long.

Join BitSeven (the best bitcoin trading exchange on the market right now): here

Join ByBit (the hottest crypto trading exchange of the moment): here

Join Bitmex (the only thing here is to jump in and out of trades quickly): here

404.php - What is InstaDApp? A Detailed Beginner’s Guide

What is InstaDApp? A Detailed Beginner’s Guide

InstaDApp is a decentralized finance, DeFi, application that seeks to provide a simple-to-use layer in order to interact with other DeFi protocols. Instead of using 4 different applications to perform a specific function such as: lending and borrowing, InstaDApp provides an interface that allows you to do it all in one place. It can be thought of as being similar to a banking portal that allows you manage your crypto finances more efficiently.

How Does InstaDapp Work?

To use InstaDApp and interact with its portal, a user needs to have an Ethereum web3 wallet like MetaMask, a Coinbase Wallet or Trust Wallet. With this, they can then manage all their digital asset from the InstaDApp dashboard.All transactions that take place on the platform are done using smart contracts, with crypto assets stored in a users’ contract wallet – this ensures they keep full custody over their assets. InstaDApp also does not take a fee when processing transactions, a user simply needs to ensure they have enough gas when initiating one.

There are four main activities you can perform on the InstaDApp platform, these include:

Lending – Deposit your crypto and earn interest on it;
Borrowing – Borrow instantly directly from the InstaDApp dashboard;
Leverage – Increases the capital you’re able to trade with;
Swap – Instantly exchange tokens from your web3 wallet.

Lending & Borrowing – The way InstaDApp acts as an interface to allow lending and borrowing on its platform is by plugging into the DeFi protocol, Compound Finance. Compound Finance is an open-source protocol that allows developers to build DeFi applications on top of it. Its core functionality is to establish money markets (short-term loans) that algorithmically set interest rates on those loans depending on supply and demand. All of this is integrated into InstaDApp and simplifies the experience of lending and borrowing.

Leverage& Swap – InstaDApp uses Kyber Network, a protocol that aggregates liquidity from a wide range of sources, to power its leverage and swap functionalities. For example, if a user wanted to place a leveraged trade with ether, InstaDApp connects with Kyber to grant them the additional ether with which to place the trade. With swaps, because Kyber has access to a wider range of cryptocurrencies due to its liquidity reserves, it allows an InstaDApp user to swap their crypto with virtually any other as long as it’s support by Kyber.

Uniswap Pools & MakerDAO CDPs

Uniswap Pools – Uniswap is a protocol that allows for the exchange of Ethereum and ERC-20 tokens in seamless manner. One way it is able to achieve this is through users participating in liquidity pools. For example, if Bob wanted to exchange his ether for BAT tokens, the trade wouldn’t be possible if there were not BAT tokens to swap with. However, if there was a liquidity pool of BAT tokens, this trade then becomes possible.Users who lock up their ERC-20 tokens to provide liquidity to the Uniswap platform receive a fee for doing so – this is where InstaDApp comes in. InstaDApp has integrated Uniswap pools, therefore allowing any liquidity providers to easily manage their pools from the InstaDApp dashboard.

MakerDAO CDPs – CDPs, or collateralized debt position, is the manner in which the DAI stablecoin is generated on the MakerDAO platform. Users can create CDPs by locking ether into them as collateral – the individual would then receive up to 2/3 the value of the locked ether in DAI. This collateral will remain locked in the CDP until owner repays the debt, or liquidation occurs via the value of the collateral falling below a certain point.InstaDApp aims to simplifying the creation and maintenance of MakerDAO CDPs on its platform by designing an intuitive interface specifically for it. As MakerDAO is the most valuable DeFi platform with $275 million currently locked into it, InstaDApp may quickly become the preferred place to manage a users’ debt positions.

Conclusion

To conclude, InstaDApp is a DeFi application that provides a simple interface in order to interact with other DeFi protocols. It is currently integrated with Compound Finance in order to allow users to lend and borrow cryptocurrency, as well as Kyber Network to facilitate swapping tokens and leveraging them. It also has integrated in it: Uniswap pools and MakerDAO CDPs. Having only launched in December 2018, InstaDApp has gone on to be the 4th most valuable DeFi platform with a total of $31 million currently locked into it. In addition, they have also gone on to raise a seed round of $2.4 million from a network of venture capitalists including the likes of: Pantera Capital, Naval Ravikant, Balaji Srinivasan and Coinbase Ventures.

404.php - Crypto Calls, An Ultimate Beginner’s Guide

Crypto Calls, An Ultimate Beginner’s Guide

Crypto calls are becoming an increasingly important facet of the cryptocurrency trading space. Before, traders relied on their own research, or tips from other people to determine which cryptocurrency to buy and at what time. However, with the price-action of a majority of cryptos being largely stagnant, it’s becoming more and more difficult for the average crypto investor to make a return. This article will explore why crypto calls are currently the best bet of making triple digit percentage returns, and who’s calls is it that you should be following.

What are Crypto Calls

In short, crypto calls are instructions sent to you indicating which cryptocurrency to buy. These calls contain information such as:

The crypto to buy – The call specifies which cryptocurrency to buy e.g. BTC, ETH, XRP
The buy-in price – The price you should try to buy the cryptocurrency at
The sell-targets – The price you should sell the cryptocurrency at in order to achieve a profit
Stop losses – A mechanism to automatically exit your position to mitigate losses

There are various ways to receive crypto calls, but by far the most popular method of getting them is on Telegram. Telegram is an instant messaging service app that has the look and feel of WhatsApp. However, Telegram has certain unique features that sets it apart, the most important being its bot functionality.Telegram bots can be programmed and designed to handle messages automatically. Users typically interact with these bots by issuing command messages in group environments. These bots can be used to issue crypto calls that allows users to place a trade automatically without have to get on to a cryptocurrency exchange. As long as the correct permissions have been setup, you can place all your trades with the click of a button through Telegram.

Crypto calls are also cryptocurrency exchange specific, meaning, you can only follow a call if you have an account with that exchange. This isn’t typically a problem as most traders tend to have accounts with the major exchanges such as: Binance, BitMex, Coinbase and Bittrex. However, before deciding which calls to follow, just ensure you have an account with the exchange the calls are based on, so you don’t have any issues.

Moving on, another key feature of crypto calls are the periodic updates you receive on any position you have chosen to enter into. For example, if you decide to follow a crypto call and buy Bitcoin, if a profit-target is reached, you’ll receive a notification letting you know that you’ve made a profit. It’s at this point that you can decide whether to continue to hold your crypto to reach a higher profit target, or cash out for a nice return. Conversely, you’ll also immediately receive a notification if a stop-loss has been triggered so you can be certain that any losses you may have incurred are thoroughly mitigated.

Crypto Calls to Follow – AltSignals

Hopefully readers can now appreciate just how profitable crypto calls can be. However, which calls you follow can often be the difference between a profit and a loss.When deciding which crypto call provider to go with, one very important factor to consider is the size of the following. AltSignals, the best crypto call provider in the space, currently have over 55,000 people following and relying on their calls on a daily basis. They are one of the oldest providers, having been launched in 2017, and since then have been gradually gaining the trust of their followers.

One key feature they provide is producing analysis justifying exactly why to follow certain calls. This can often be important in helping you decide if or not to follow a call in the first place, as well as if you should continue holding your crypto to see if higher price targets can be reached.They currently provide crypto calls for exchanges: BitMex and Binance, as well as a newly launched Forex service. You can find out more about their signals by visiting: AltSignals Crypto Calls.

Conclusion

To conclude, crypto calls are instructions sent directly you to indicating which cryptocurrency to buy along with trade information such as: buy-in price, sell price and stop losses. These calls can be communicated over a variety of methods, but the most popular way of following these calls is Telegram due to its in-built bot feature.Crypto Calls can be cryptocurrency exchange specific, therefore it’s key to make sure you have an account on the exchange the calls are based on. The most well-known and best performing crypto call provider is currently AltSignals.

404.php - How To Trade Cryptocurrencies Using Cornix Bot

Cryptocurrency traders have been trading digital assets for the last few years and they have been improving their trading strategies with new technologies.One of the best ways to increase profits is by using trading bots alongside crypto trading signals in Telegram groups. Cornix is one of the most popular trading bots for users that makes it substantially easier for traders to configure their strategies.In this article, we will be explaining all what you need to know about Cornix, how it works and how to set it up. Moreover, you will also have the possibility to connect your Cornix bot to a cryptocurrency exchange, manage trades and subscribe to signals groups.The interesting thing we will share with you is how to set up the Cornix trading bot and follow AltSignals on Telegram to easily enter and exit trades on Binance or BitMex. Some of the exchanges are supported by Cornix include ByBit, Deribit, Binance, Bittrex, BitMex, Bitfinex and Huobi Pro.If you want to know more about AltSignals, one of the most trustworthy Telegram signals groups in the industry, you can read our guide about it.Disclaimer: Before starting this article we inform that trading cryptocurrencies is highly risky and only traders with the necessary experience will be able to do so profitably. Never invest more than what you are able to lose.

Open a Cornix Account to Start Trading

If you want to follow this guide, you will have to install Telegram. This is one of the most popular messaging applications in the world and it is one of the most used by crypto traders and enthusiasts. In addition to it, Telegram provides reliable services and it is more private than other messaging services providers. In the Telegram app, you will have to search for Cornix Trading Bot, and start a new chat with the user @cornix_trading_bot. This is a straightforward thing that shouldn’t create any problem. In addition to it, remember that there may be some fake accounts around. If you want to be sure that you are talking to the correct bot, you can always go to Cornix official site and press the Get Started Now button. You should always be aware of phishing scams. There could be websites that try stealing users’ private data such as email accounts and passwords. Always check the Cornix website is the official one.During bull markets, it is possible to find many individuals that take advantage of new users that want to learn how to trade or invest. Be sure all the Cornix Trading Bot actions you take are done withing their official interface and bot. In the following image, you will see how looks the conversation with the trading bot after pressing the Get Started Now button. You will have all the information about what the bot can do and how it will help you follow trading signals from the channels you follow on Telegram.If you cannot see the image, it says:What can this bot do? Welcome to the Cornix Trading Bot! Our bot will let you follow signals in your favourite signal channels automatically or with a click of a button. To register, just click the start button and follow the instructions.

At the same time, the bot will share with you a video with all the information you need about how to register yourself in their platform. Immediately after, once you have the correct conversation, you will have to press the Start option that will allow you to set up the account to start trading with the bot. Don’t be worried about it. Cornix takes care of users and provides a very clear way to do so. The next thing they will let you know is that you have a 14-day trial once you create the first trade. Before setting up the bot, you can also join the Cornix community to know more about tips and other important information. However, the most important things to learn about virtual currencies and trading can be done through AltSignals, which provides clear information and advanced data, insights and analysis about the crypto market and investment opportunities in the space.

As mentioned by the bot, there is going to be a 14-day trial period that would start as soon as you create your first trade. This is why it is important to be decided about the next moves we are planning to do and which are the trades we want to set up. The trial period is very important considering you can learn many things about how to better set up and create a trading strategy. Use it wisely. By joining the Cornix community in Telegram you will be able to message the Cornix team for any questions or help you would need while setting up your trades in the cryptocurrency market. Having a service that allows you to contact the support team in such an easy way is very valuable. Setting up the trading bot and using it can create some troubles to users, this is why it is always good to have direct contact with the team behind the bot.AltSignals will also help you with all what you need to set up your trading account on Cornix. If you have any doubts and you are part of the AltSignals community, they will help you with all what you need to be a better trader. If you press the “Next Step” button, the Bot will be guiding you throughout the whole registration process that includes accepting the Terms of Use. In the next image, you will be able to see that you were registered and you will have more information regarding how to use the bot.

Once you complete all these steps, you will be able to connect the Cornix bot to a chosen exchange. As mentioned before, there are several exchanges that are already supported by Cornix and that would make things easier in order to trade cryptocurrencies.We have written in the past many guides about whether you should trade on the BitMex or Binance exchanges. Both of them have pros and cons that you can check on our dedicated guides. Most of the exchanges supported by the Cornix trading bot are recognized platforms that have been operating in the cryptocurrency market for long periods of time. However, we will be using the Binance exchange in this article.

Binance or BitMex to Use With AltSignals and Cornix?

Binance or BitMex to Use With AltSignals and Cornix?Selecting an exchange to trade is sometimes a very difficult task, but it always depends on what you want to do. While Binance is a very useful platform to trade altcoins and many different trading pairs, BitMex will certainly help you to increase your profits by trading with leverage. In order to set up your Cornix bot to trade Bitcoin (BTC) or other cryptocurrencies, you will have to select the General Configuration button. This will allow you to select two different options ‘Create new exchange account’ or ‘Link my existing exchange account.’ This is certainly obvious if you have an existing account, you will press the second button and if you need to create an account you will go with the first option. We have created a complete guide about the Binance cryptocurrency exchange that would help you understand whether this is the right exchange for you. If you already have an account, all you have to do is to simply click on the second option that would help you linking your exchange account. This would show you a list of exchanges from which you will have to select the one that you want to link to the bot.

This is perhaps the step in which you will have to provide more information to the trading bot. You will have to enter the API key/secret pair for Cornix bot to create and manage the different trades on your behalf. Have always in mind that the best thing to do in the crypto market is to keep as many information as private as possible. So be sure if you want to share your data with this platform. To do so, you will have to go to API settings button provided by the Bot. This will automatically redirect you to the official Binance site on the API settings section that has all the required information to complete the linking process.An API is an Application Programming Interface that allows applications to be connected between each other.

In general, most of the large applications use an API and provide services to users. In this case, both Binance and Cornix will be sharing information and it will allow the trading bot to process trades on behalf of the user. Once you’ve done this, your client will be added and the Cornix bot will already be connected to your Binance exchange. Since that moment, the bot will be exchanging information with Binance and it will follow all the instructions that you will be able to set up later. Thus, handling API keys is a tedious thing that you will have to do by going to the exchange and being cautious to who you share this information with. In the next few sections, we will explain to you how it is possible to set up your Cornix trading strategy and start handling cryptocurrencies with this bot getting connected to the AltSignals crypto trading signals provider.

Start Planning your Trading Strategy With AltSignals

Cornix will allow you to trade cryptocurrencies in a fast and easy way. The bot provides you with a wide set of options that will help you make your trading strategy more automated. You will have an advantage over traders that are trading without bots and that do everything manually. However, the best thing you can do is to connect the bot with your favourite trading signals group, which in this case is going to be AltSignals.In the main menu, you will be able to enable notifications for the trades processed, see your portfolio, add trading signals channels, see trades and orders, and check whether the exchanges are online or not.The main screen will look like this:

The notifications section will allow you to keep you updated on all the trades that will be processed by Cornix bot. If you decide to set it up, you will receive all the information about the trades in another telegram chat.It is not necessary to set it up, it would just give you more information about the trades processed, but if you just want it running on the background without bothering you, then it is not needed for you to set notifications. Indeed, if you connect your trading bot to AltSignals, then it will be following the trades proposed by the trading signals group on Telegram.

The bot is very straightforward to use and it provides clear instructions about how to set it up. Although it may be confusing at the beginning, once you start using it, you will learn and get used to it. The ‘Signals’ section will help you control which are the signals that you are currently following and that were sent by trading groups. You can select different trading groups that you want to follow according to your needs and trading strategies. These trading groups provide information about specific trades and exchanges, allowing the bot to set up the trades automatically. Through the ‘Utilities’ option, you will be able to exchange your funds in cryptocurrencies to other stablecoins. If you have Bitcoin, you can easily transform them into USD Coin (USDC), Paxos Standard (PAX), Tether (USDT) or TrueUSD (TUSD) on the Binance platform.

Stablecoins are cryptocurrencies that have a stable value and that do not fluctuate as other digital assets in the market. This is very useful for traders that want to keep their funds at an exchange, close trades or just stay on the sidelines for a longer period of time until they find a specific trade. Tether is the most popular stablecoin in the market since it has a valuation of over $4 billion and very large liquidity. In general, it is very useful to leave the funds in USDT or other stablecoins such as USDC when trades are not opened. Cryptocurrencies tend to be very volatile and all the profits must be transformed into stablecoins. At the same time, you can also set up a trading configuration that would help you manage different aspects of the trades you have. You can establish the amounts per Trade you will handle, the number of entry targets and the stop limit price reductions.You can improve your trading strategies over time and learn how to better set up a trading strategy. Once you try and test different strategies, you will be able to have better results.

Start Trading With AltSignals Trading Signals for Cryptocurrencies and FX

One of the most interesting things about this trading bot is the possibility to start following crypto trading signals channels. If you are a novice trader or you just want to earn some profits on your cryptocurrencies, the best thing you can do is to start trading following some of the most recognized trading signals channels in the market.AltSignals is one of the most profitable and trustworthy trading signals channels that provide crypto and FX signals for traders. Once you select ‘General Configuration’, ‘Channels’ and ‘Subscribe to Channel,’ you will be able to see a list of all the available channels that you have and that you will be able to get subscribed to.Be sure to be already following the AltSignals trading groups if you don’t do so in order to receive the trading signals and get subscribed with Cornix. Once you have done that, you can select the auto-trading button.Every single time that AltSignals provides a trading signal, you will not have to manually add the trade in the Binance exchange, but Cornix will be doing all the job for you. This would make the whole trading experience much more streamlined and easy for novice and expert traders.

Through the trading bot, you will be able to trade on multiple exchanges at the same time. However, it is important to remember that you will have to connect the exchange with the Cornix platform.

AltSignals was recognized as one of the most trustworthy Crypto Trading Signals Channels on Telegram. The firm releases trading reports on a monthly basis in order to show traders and followers that they are profitable and that the trading strategies they have are very useful over time.

Fees

The services provided by Cornix are paid. Users have the premium subscription for $25 monthly or the auto trading solution for $33 each month. In the premium option, you will have 24/7 trade management, advanced trading features such as trailing entry, take profit and stop, among others. The Auto trading solution includes everything that the premium subscription includes but it also adds automatic signals following and advanced auto trading configuration for more expert traders.

Conclusion

The Cornix trading bot will make your whole trading experience easier and faster through a wide range of tools that can be managed through Telegram. The prices for the services provided are accessible for most of the traders considering there are several other trading platforms in the market for higher prices.Moreover, the trading bot already supports a large number of exchanges and trading platforms that are usually the most popular ones. You can start using Cornix in just a few minutes and increasing your profits over time.

Disclaimer: The information presented by AltSignals and its writers is for informational purposes only. It should not be considered legal or financial advice. AltSignals and its writers are not financial advisers. You should consult with a financial professional to determine what may be best for your individual needs.AltSignals and its writers do not make any guarantees or other promises as to any results that may be obtained from using their content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence.Please always invest within your means and do so responsibly.

404.php - Binance Cryptocurrency Exchange Guide – To Easily Manage Your Crypto Funds

There are several cryptocurrency exchanges in the market and many of them are recognized platforms that allow users to exchange cryptocurrencies for fiat or other cryptos.One of the largest and most popular platforms to start trading and exchanging cryptocurrencies is Binance.In this article, we will explain why Binance is one of the best platforms to trade and handle cryptocurrencies, which are the main features of the exchange and how it protects users’ funds.The CEO of the platform is Changpeng Zhao (CZ). He has also been working for other companies in the past, including Blockchain.info and OKCoin.

What is Binance?

First of all, Binance is one of the leading cryptocurrency exchanges in the market due to different reasons.After being released in 2017 before the massive bull run that Bitcoin experienced in December. Since that moment, the platform started to offer services to users that wanted to trade digital assets in different jurisdictions.One of the main characteristics of this cryptocurrency exchange is the fact that it offers 573 different markets as of November 2019 and it has one of the highest volumes in the market with $1.44 billion in the last 24 hours.

Wide Range of Services

At the same time, Binance as a company has been expanding offering other services as well.They are now working as a launching platform for Initial Exchange Offerings (IEOs) that want to sell their tokens to the market, as a blockchain network for different projects and as a decentralized exchange (DEX), among other things.Binance has recently launched margin trading solutions for experienced traders and new features could be added in the future as well. This shows the team behind Binance is working on a daily basis to offer new products and services.At the moment, there are several Binance platforms in the market that apply to different jurisdictions. Some of them include Binance.US for American users, Binance Jersey for individuals that want to trade using EUR and GBP, and Binance Uganda for traders that want to use the local currency, the Ugandan Shilling.Binance is also offering cryptocurrency staking for its users, which could be a good option if they want to make some profits.

Security

Another thing to mention about Binance is the fact that the company has a fund that they would use in case they are affected by a hack.Until not, the platform was affected only once by a security issue in which they lost 7,000 BTC worth around $40,000,000. The exchange took responsibility and it covered all the losses.Exchanges are taking different measures to fight against hacks and attacks. Most of the funds they hold on behalf of the users should be stored on hardware wallets and offline.

Creating an Account on Binance

Creating an account on the Binance exchange is a very straightforward process for most of the users and there shouldn’t be any inconvenience when doing so.

First Step – Open the Official Binance Site (Be Careful About Scams)

Go to the official Binance site and confirm the page is legit and secure to use. There are several hackers that try stealing users funds by creating similar pages to exchanges and perform phishing scams.Once you open the correct website, you can select the “Create Account” option and start the registration process.

Second Step – Provide Your Information to Binance

In this step, you will have to provide your email and create a password for the platform. It is always recommended to use 2FA in order to protect the account and avoid being hacked or losing the funds.After registering the email and a new password, you will have to confirm your email by logging in into it and following the verification link that the platform will send to you. In this way, you will be ready to start using the Binance platform.

Third Step (Optional) – Verify Your Account and Increase Withdrawal Limits

If you are a beginner trader and you will not be using a lot of funds on the platform, the best thing you can do is to avoid this step.Verifying your account would allow you to have a larger withdrawal limit per day, considering Binance allows users to extract 2 BTC worth of funds every single day.Larger and experienced traders will have the possibility to withdraw up to 100 Bitcoins in just 24 hours if they decide to verify their profile.Users will have to provide private information to be compliant with Binance KYC procedures. There are different jurisdictions around the world that are currently requesting cryptocurrency exchanges to provide information about the users trading on their platforms.After performing all these previously mentioned steps you will be able to easily buy and sell cryptocurrencies using the Binance platform.

Adding Funds To Your Binance Account

The next thing you need to do if you want to buy or sell cryptocurrencies is to add funds to your account.

Buying Cryptocurrencies With Other Cryptocurrencies

In this case, the international Binance platform would allow you to buy and sell cryptocurrencies using other digital assets. These digital assets can be stablecoins or traditional cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) or Litecoin (LTC).The most liquid stablecoin available in the market is Tether (USDT) that allows users to hedge against fluctuations in the cryptocurrency market.You can send Bitcoin, Ethereum, Litecoin or USDT, among other digital assets to Binance in order to start trading.For you to do so, you will have to go to Wallet, Exchange Wallet (Deposit and Withdrawals) and select the cryptocurrency that you want to deposit to the exchange.

Depending on the digital currency that you deposit, you will have to pay a small fee for the transaction.Binance is a cryptocurrency exchange that offers crypto-to-crypto solutions, meaning there are no fiat currencies supported on this international platform.

Buying Cryptocurrencies With Fiat Currencies and Credit Card

However, if you are located in a jurisdiction in which Binance has fiat gateways you will be able to send fiat currencies to your account.In addition to it, Binance is allowing users to purchase digital assets using a credit card. In order to do so, Binance partnered with Simplex, a recognized payment processor that provides crypto purchases with credit cards.Changpeng Zhao, the CEO of Binance, considers that this is a very important milestone for the exchange considering that most of the world uses fiat currencies rather than cryptocurrencies.Despite having this solution implemented, users have to pay a small fee for the transaction of around 2.5%.You can acquire different cryptocurrencies through this method, which are going to be deposited on your account in a short period of time.This is perhaps the easiest way to fund your account if you do not have previous experience in handling cryptocurrencies. By using a credit card, the cryptocurrencies purchased will be in your account without having to be worried about it.Once you have the funds deposited, you will be able to purchase other cryptocurrencies and tokens.

Start Trading On Binance

Once you have the funds in your account it’s time to start trading. If you reached this step is because you wanted to trade cryptocurrencies using the Binance exchange, that provides different services and solutions to cryptocurrency users.Binance is now offering two trading interfaces, one for professional traders and another one for beginners.You can have access to the market by clicking on the ‘Exchange’ tab and selecting the interface you want to use, whether it is the basic exchange or the advanced one.

There is also the possibility to select the ‘margin’ exchange, but this will be an entire section later in the article where you will learn about how to trade with margin on Binance.

Basic Exchange

The basic Binance exchange offers a very simple interface in which users will be able to see in the middle the price of a specific trading pair.On the left side of the screen, individuals will have the order book that will show the open selling and buying orders placed by other traders.Finally, on the right side of the screen, users will see the trade history in the specific market they are using and the possibility to search for new trading pairs.

Also in the middle, users will have the most important part of the screen that would allow them to trade cryptocurrencies.In this section, they will have information about the price of the specific trading pair for both sellers and buyers. Traders will be able to decide which amount of cryptocurrencies they want to sell or purchase according to the funds they have.

How do Limit and Market Orders Work on Binance?

You can purchase and sell cryptocurrencies with a limit order or a market order. The limit order allows users to select a specific price at which they want to sell or buy a specific cryptocurrency.In the aforementioned example, it is possible to see that the price in USD Coin (USDC) for each Bitcoin is equal to $7,245. If a user decides to buy Bitcoin for that price, once you press the sell or buy button, the order will be registered in the order book until is filled by a trader.It may take some time before the order is filled considering the price of the cryptocurrency could be below or above the price selected by the trader.If you instead use a market order, once you selected the amount to sell or buy and pressed the buy and sell button, the order will be immediately filled at the market price. In general, market orders have higher fees than limit orders considering you are taking the liquidity of the market.

Advanced Exchange

The Binance advanced exchange has been designed in order for professional traders to enjoy trading with more detailed tools and an improved interface.

As you can see in the image above, the trading screen is in the middle of the screen and it uses most of the space on it.You can see the price evolution and performance of a specific trading pair and you can also have more advanced trading tools such as the MACD indicator.Below the price chart, you will have the open orders you have. This would help you keep track of all the trades you have opened. This would help you better visualize which are your entry points to the market and when you are planning to exit a trade.On the right side of the screen, you will see the trading history and the order book with all the orders placed by traders in the market.In addition to it, users will have the possibility to open a trade with a limit or market order. At the moment, the fees for limit and market orders are the same for users without large trading volume (more than 50 BTC in traded volume in 30 days).The advanced Binance exchange aims at making it easier for professional traders to buy and sell cryptocurrencies. With the interface described, the goal is to help traders improve their trading strategies, be focused on the things they do and have a clear platform to buy and sell crypto assets. Although there are several professional trading platforms in the market, Binance has large liquidity in different trading pairs, which makes it even easier for them to conduct their trading strategies. If you consider that you need to use the Advanced platform for trading cryptocurrencies on Binance, then go ahead and enjoy this interface and the new trading tools offered by the exchange.

How to Trade with Margin on Binance?

Margin trading is an advanced method for trading cryptocurrencies and other assets in which the trader has the possibility to trade with cryptocurrencies provided by other traders or users.This would allow the individual to have higher returns while trading. However, trading with margin is very risky and could eventually affect the solvency of the user, that’s why it is always important to trade with the funds that a user can afford to lose.With margin trading, it is possible for users to select a portion of his funds as margin and trade with leverage that can be variable, between 2:1 and 100:1 in most of the crypto margin trading providers.Binance has recently added this function to the exchange in order for more advanced traders to join the platform and start trading with it.Users can open long and short positions in the market according to where they think the market is headed. A long position means that the trader believes the specific asset will surge, while a short position means the contrary, that it will fall.If the trade is executed properly, it could bring large gains for users. Nevertheless, if the trade is executed wrongly, it could increase the losses for the trader.At AltSignals we are offering trading signals for Binance that would allow you to improve your trading skills and profit from the most popular digital assets.The interface looks very similar to the basic exchange and before you register to Margin trading, it adds a reminder that although users can have higher rewards, they can also be subject to higher losses.

How To Withdraw Cryptocurrencies From Binance?

It is very easy to make a withdrawal from the Binance exchange. It is just necessary for the user to go to the ‘Wallet’ tab and select ‘Deposit & Withdraw.’ After it, you will be able to select the cryptocurrency you want to withdraw, and how many coins you want to send to your wallet.At the same time, you need to send the cryptocurrencies to an address linked to this digital asset. You cannot send Bitcoin to Ethereum addresses or withdraw Litecoin in an XRP address. Keep in mind that each withdrawal has a small fee added by Binance.The fees are generally different for each of the assets traded in the platform. That’s why it would be sometimes cheaper to send larger amounts than sending small funds to wallets. Moreover, it may be also cheaper to withdraw other digital currencies rather than Bitcoin.

Binance Coin (BNB)

Binance has been working on its cryptocurrency called Binance Coin (BNB) and how it can be used to improve users’ trading experience on the platform.Users that have purchased BNB coins will have the possibility to reduce their trading fees if they exceed a certain volume. In this way, you can pay for fees using this cryptocurrency and make more efficient your trading experience.At the same time, this cryptocurrency can be used to participate in the different Initial Exchange Offerings (IEOs) that would be launched on the Binance Launchpad.Binance has also been working in order to expand BNB’s use cases in the market. There are several companies and firms that are already accepting BNB as a means of payment, including the travel site Travala.At the moment of writing this article, Binance Coin is the 8th largest cryptocurrency in the market with a valuation of $2.5 billion and a price per coin of $16.06. The highest price ever reached by the digital asset was $39 earlier this year.In the future, the Binance Coin could have more functionalities and allow users to have more benefits and solutions.Binance has also been performing quarterly burnings of the BNB cryptocurrency. The main goal is to reduce the total supply of this cryptocurrency from 1 billion BNB to 2 billion. Furthermore, the virtual currency was used as a reward for the team members behind the Binance exchange. However, they have decided to give up their coins and burn them so the quarterly burning could be accelerated.

Binance Launchpad

The Binance Launchpad was created by Binance in order to offer crypto and blockchain-related companies, the possibility to offer investors tokens of their projects. The goal was to provide the market with curated crypto companies rather than launching simply Initial Coin Offerings (ICOs), which were usually linked to scams and shady firms. Many users and investors were very interested in this platform. Some of the first projects launched through the Binance Launchpad were very successful in terms of the number of tokens sold. Considering the interest for digital assets has been falling in the last few months, the interest in users to purchase tokens from Initial Exchange Offerings (IEOs) remained low as well. This is also part of one of the many projects created by Binance that is not strictly related to exchange services. However, these cryptocurrencies launched through the platform get immediately listed on the Binance exchange, allowing them to get exposure to traders. This could be very profitable for users that are currently following AltSignals crypto trading signals for Binance. Users can simply follow these trading signals to trade profitably different digital assets using Binance.

Binance Chain

Binance has also launched its blockchain network in order to offer solutions to crypto-related projects and also to handle large loads of transactions. Users will be able to issue new tokens on this blockchain, send, receive, burn, mint, freeze or unfreeze, among other things. The Binance Decentralized Exchange is currently running on top of this network and it is allowing it to perform all of its operations without hurdles or issues. Although the Binance Chain has just a few validators, the intention is to expand and decentralized the whole network even more in the future. Binance has a business strategy in which they start with centralized services and solutions and then they slowly start decentralizing them. In general, this is a very good strategy in order to attract a larger number of users and gather the attention of different individuals. Decentralized solutions are sometimes less efficient and user-friendly than centralized platforms that are developed by different firms. Block times are estimated at 10 minutes, compared to 20 seconds for the Ethereum blockchain. This is expected to have a positive impact on Decentralized Exchanges like the one that Binance recently launched. At the moment there are several blockchain platforms that have integrated the Binance Chain and that work with it.

Conclusion

In this guide, we have covered how it is possible to trade using the Binance exchange and how to properly handle this platform. We’ve discussed how the Basic exchange works, which are the differences with the advanced exchange and how it is possible to trade using leverage. The platform is very useful for multifaceted traders that want to trade using a wide range of tools. Binance offers not only trading pairs of the most popular and largest cryptocurrencies but also several altcoin markets with larger liquidity than competitors. Furthermore, Binance has been working in order to create not only an exchange but also an entire ecosystem for the cryptocurrency space and for enthusiasts. In the future, new products, services and tools can be released to the market by this crypto company.

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404.php - Basic Guide To Binance Futures and How to Improve Your Trading Strategies

Binance is one of the most popular and largest exchanges in the market. It has been offering services to users since 2017 and it became a recognized company in the crypto market. During the last years, this platform has been expanding the services that it was providing to users. Nowadays, it also offers crypto futures trading.This article will explain how to use Binance futures and how it is possible to improve our trading strategies by using AltSignals crypto trading signals group on Telegram.

What Is Futures Trading?

Futures are contracts related to specific assets that allow individuals and companies to buy or sell an asset at a predetermined price and date in the future. This is usually used by traders to hedge risk in different markets and also by companies to hedge against speculation in the market. A company could simply purchase commodity futures if they need these assets in the future and don’t know what could happen in the coming months. Virtual currencies can also be traded through futures contracts that are provided by different parties in the market. Binance is an exchange that gives this opportunity to users from all over the world.

Open a Binance Futures Account

If you want to start trading crypto futures, one of the best things you can do is to open an account on Binance. If you already have Binance account, this would make things even much easier considering you will just need to follow simple steps. Nonetheless, if you do not have a Binance account, you can follow our complete guide about how to open a Binance account. If you want to open an account for trading Binance futures, you will have to be logged in to the exchange with your username and password. Once you are on the main screen you will have to select the Trade section and press in Futures.

Once you have pressed there and you are in the Futures screen, you will see the option that would allow you login to the futures trading services offered by Binance. It is worth mentioning that users from certain regions may encounter some restrictions. In the Open Futures Account, you can click on Open now in order to move forward and start using this service offered by the Binance exchange.

Once you click in “Open now” you will have the chance to fund your Binance Futures account, which can take a few seconds. You can use funds from other wallet or just move the digital currencies you had on your normal Binance account.

Binance Futures Interface

As you can see in the image above, the Binance futures will offer you a chart with all the information about the price of the asset you are trading, a depth chart, an order book and the last trades posted on the market. In addition to it, you will get the information about your trading activity and the trades you process on the platform. This is going to be very useful to track your performance and understand the trades that you executed in the past. In the “Open Futures Account” section, you will see the information about the trades. (See image below).

Binance Futures And Leverage

It is worth mentioning that Binance Futures will also allow you to trade with leverage for each of the contracts you open. You can adjust the leverage from 1x to 125x. This is going to allow you to make larger profits if your trade moves in the right direction.

Nonetheless, your trade could eventually be closed if you have don’t have enough funds to keep the position open.

Mark Price and Last Price

We already know that the cryptocurrency market is a very volatile space. Indeed, Bitcoin and other virtual currencies can fluctuate a lot during periods of volatility. This is why it is important for traders to understand what Mark Price and Last Price mean. The Last Price makes reference to the last price at which a specific contract was traded. This would calculate the realized profits and losses (PnL) you have. Meanwhile, the Mark Price would be useful in order to avoid price manipulation in the market. Liquidation prices and unrealized PnL are calculated using the Mark Price, which gathers data from a wide range of data providers in the market. You can select in your account which price you would like to use as the trigger, whether the Last Price or the Mark Price.

Orders Available For Traders

There are different orders that traders can place while trading with Binance futures. This is going to make it easier for traders to find the solutions they need and to perform the trade that they are looking for. Some of the orders available and offered by Binance include Limit Orders, Market Orders, Stop-Limit Orders, Stop-Market Orders, Take-Profit-Limit Orders, and Take-Profit-Market Orders.Limit orders make reference to the ones in which a trader sets a price for the asset he wants to buy or sell and waits until the trade gets filled. It can take a long time or be done in just a few seconds after the order it is placed. This will depend on the price established. Market orders allow traders to buy or sell an asset (in this case a contract) at the current market price. It is worth mentioning that these orders tend to have higher fees than limit orders due to the fact that the trader will be taking the current liquidity from the order book. Stop limit orders would allow you to place a limit order as soon as the price reaches a stop price that you previously select. Once the price of the asset reaches that stop order, the limit order will be placed in the order book. Stop market orders work in a similar way to stop limit orders. This option help users place a market order once a stop price is reached by the asset. Take-Profit-Limit orders are those that need a trigger price and a limit price. This kind of order can be used to reduce open positions. This can be very useful to manage risk and lock in profits as soon as the asset reaches specific levels in the market. In a similar way, the take-profit-market order will offer users the possibility to get a trigger for their order using a stop price.

Binance Future Additional Features

As we have shown you in this guide, the goal was to introduce you to the main features offered by Binance Future and how it is possible to easily get an account on this exchange. In this section, we will share with you some other features and characteristics of the Binance Futures platform that may be interesting for you.The Binance Futures Calculator will allow you to get more precise information about the trades you are entering, specific long and short positions. At the same time, you will have to provide the leverage level that you are using while trading through this platform. There are three tabs that would help you handle the Binance Futures Calculator, including the PNL tab, the Target Price tab and the Liquidation Price tab. The first one will be used to calculate the initial margin, profit and loss, and return according to the entry and exit prices. Of course, this will also take into account the number of funds that you are transacting. The Target Price will be using the tab to calculate the price that you will need in order to exit your position. That would give you a percentage return on the investment you have done. Finally, the liquidation price tab will be calculating the estimated liquidation price according to the balance you have and the position you are managing. Auto-deleveraging is also an important thing that Binance is offering to users. With it, users can be protected when there is increased volatility in the crypto market. While Binance works with an Insurance Fund, in some cases, the most exposed traders (those with large positions and high leverage) can get their positions reduced.

Trade With AltSignals

AltSignals will provide you with crypto trading signals that would allow you to better trade in the cryptocurrency market. By using AltSignals’ services, you will receive great information about when to enter the crypto market, open a position or exit a trade. In the last months, they have given great profits that can be seen in their monthly reports. For example, BitMex trading signals sent by AltSignals allowed users to get a profit of 6.777% in January 2020.

Conclusion

Binance continues to expand in the cryptocurrency market and now it is offering Futures Trading for users. In this article, we aimed at showing you how to better trade virtual currencies and how to use these new solutions provided by Binance. At the same time, we have explained to you the basics about Futures trading and how it is possible to improve your trading strategies while using AltSignals crypto trading signals.

404.php - ByBit Cryptocurrency Exchange Guide – Tutorial On How To Trade With Leverage

Traders are always searching for new ways of expanding their trading strategies and making them more profitable. At the end of the day, no matter which strategy you are following, matters that we remain profitable and that these profits grow over time by making improvements where needed.Trading in traditional spot exchanges can be useful when we are starting to make our first trades and when we prefer to have less exposure to risky strategies. However, it is also possible to increase our profits with margin trading.There are different cryptocurrency exchanges in the market that are offering users the possibility to trade with leverage and improve their trading strategies and increase their profits. One of these crypto exchanges is ByBit that is offering clients a user-friendly experience to start trading with leverage.

Disclaimer: Before starting this article we inform that trading with leverage is highly risky and only traders with the necessary experience will be able to do so profitably. Never invest more than what you are able to lose. You can always read our full guide about BitMEX and how to trade with leverage.

ByBit Introduction

The cryptocurrency exchange ByBit is becoming a very useful platform for traders to handle their cryptocurrencies. Surprisingly, the platform does not only offer support to Bitcoin but also to other altcoins in the market.This exchange is very similar to BitMEX and it is usually considered an alternative to it considering it was able to gain exposure to investors, create liquidity for a highly requested market and offer a stable platform for trading cryptocurrencies.One of the best things about ByBit is that it has an improved trading system that reduces the system overloads that users could experience while trading with BitMex. It is worth mentioning that users in the United States are not allowed to participate in this platform.

What is Margin Trading?

Margin trading is a trading strategy in which users handle borrowed funds in order to have larger returns while making a specific trade. Margin trading is usually used by trading experts that want to increase their profits. As mentioned before, margin trading is risky and just experienced traders are able to recognize where to enter and exit a trade, how much leverage to use and for how long.It is possible for traders to use leverage between 2:1 or 100:1. Some services offer customers higher leverage that could be up to 200:1, which is highly risky. If you start trading with 1 BTC and you use 2:1 leverage, you will have the chance to trade with 2 BTC. Once the trade is closed, you will give back the funds to the party that gave them to you, you pay the trading fees and the profits remain in your account.Users’ assets will be working as collateral for the borrowed funds. This is certainly important considering this would be your threshold while trading with leverage. The position you opened could get liquidated if the market crosses this specific threshold. This threshold is known as the liquidation price for your order.Some of the virtual currencies offered by ByBit include Bitcoin, EOS, XRP, and Ethereum (ETH). In the future, new cryptocurrencies could be added to the exchange. Users that want to trade with leverage will be able to do so up to 100x with BTC/USD, and 50x with the remaining trading pairs (ETH/USD, EOS/USD and XRP/USD).

Understanding Order Types On The ByBit Exchange

While trading with ByBit, users will have a large number of options and order types. That means that according to their trading strategy they will be using different orders.The two most common orders are market and limit orders.Market (taker) Order:Market orders are those orders that allow users to enter or leave the market at a specific moment at the current price traded by individuals. It gets executed immediately, making it easier for individuals to exchange their funds. In general, market orders have higher fees than limit orders. These orders have a fee of 0.0750% for all the trading pairs in the ByBit exchange.Limit Order:These are very similar to market orders with a very important difference, these orders increase liquidity. When a user generates a limit order, the order book registers it and allows market takers to acquire or sell cryptocurrencies at the price specified by the trader. The order will remain in the order book until the price reaches that level. These orders have a fee of -0.0250% for all the trading pairs in the ByBit exchange.Conditional Order:These orders allow traders to create a conditional market strategy. That means that the order (can be a limit or a market order) will get executed only if the market meets specific conditions established by the trader.

Long and Short Positions

Users can easily open long and short positions while trading using ByBit. This is going to be determined on the sentiment on the market and the overall trend of a specific trading pair. For example, if a specific asset is moving in an upward trend the best thing would be to open a long position. However, if the asset is trending downwards, a short position would suit better.Basically, long positions bet the price of the asset will trend upwards, while a short position is a bet on the price moving down.

The common thing that these two positions have, is the fact that users’ balances will be used as collateral for the funds that were borrowed while trading with leverage. Once the trader is closed with profits, the borrowed funds are returned, the collateral comes back to your account and some fees will be discounted from your account.Things look different if you get liquidated. That means that the collateral you used will be used to pay the funds borrowed and the fees involved in the trade. A trade gets liquidated when the collateral is not enough to resist a large price swing on the contrary direction of your trade.It is worth mentioning that the funding rate for all the trading pair is 0.01% every 8 hours.

Stop Loss and Take Profit

While trading both on ByBit and BitMex, it is certainly important to understand how to use the stop loss and take profit functions.While using stop loss we will be sure that we will not be liquidated, meaning we will be reducing our losses in case the market moves on the contrary direction we were waiting. If we get liquidated, our collateral will be used to pay to the borrower, which will be a massive loss for us.The stop loss should be placed between the liquidation price and the price the asset is currently being traded. The closer the stop loss order to the current market price, the lower volatility our position would resist.A take profit order would allow us to close a trade if we are profitable. It is possible to select the percentage we decide to place the take profit order. Once the price reaches that level, our position will be profitably closed and our funds will appear in our account.

Bitcoin Vs Altcoins ByBit Margin Trading Strategy

ByBit gives us the possibility to trade Bitcoin and other cryptocurrencies. It is possible to create different trading strategies according to market conditions. In some cases, it would be useful to open a position in Bitcoin markets and in other cases, it may be more profitable to do so with altcoin markets.It is always important to follow which is Bitcoin’s trend considering that in many cases it is the market leader. If Bitcoin grows or falls, altcoins tend to follow but usually in greater magnitudes due to their lower liquidity.At the same time, traders should understand whether the market is moving in tandem or if there are some cryptocurrencies moving independently.

For example, it might be possible for Bitcoin to grow and altcoins to fall. In this case, it would certainly be profitable to open long positions on Bitcoin and short positions on altcoins. The earlier you enter the trade, the larger the potential profits you can have. However, risks are also greater considering the trend may require some time before confirming it is moving into the right direction. There are several trading strategies that you will be able to develop in the future and that will help you trade profitably. With the crypto and FX trading signals provided by AltSignals, you will have the possibility to confirm the strategies you had were in the correct direction. If you are a novice trader, the AltSignals trading signals will help you start creating your own profitable strategy to handle cryptocurrencies and trade with leverage.

How To Handle Risk While Trading On ByBit With Leverage?

If you are trading with leverage through ByBit, you will also want to regulate the exposure that you have to risk. This is certainly important if you are a novice trader.

If you are a novice trader and you are just starting to trade cryptocurrencies, the best thing you can do is to start trading in traditional spot exchanges such as Binance. This would allow you to learn how the market moves, how a trading exchange works and you will eventually become familiarized with the whole system.
If you are a novice trader and you want to trade with margin, you can always start with small amounts. This would reduce your exposure to the market and reduce the risk you are currently handling.
Start trading with limit orders rather than market orders. That would make it easier for you to handle fees considering they tend to be smaller than with market orders. If you open a position, then you have higher possibilities of being profitable.
Trade with low leverage when you are not yet confident about the positions you open. When you are still learning and testing the platform, try reducing the leverage you use on your position, this would also help you to lower your risk and funds that are at stake.
Try closing the trade even with a low profit rather than waiting for a longer period of time. It is sometimes better to close a deal with a small profit that taking the risk to increase them. You should always evaluate this situation and decide what to do according to the market.
Learn how to use other crypto platforms that do not use leverage. This would also help you to understand how market and limit orders work, how markets move and many other things that would make it easier for you to trade using the ByBit exchange.
Always use the stop loss function that will help you reduce the risk you have while trading cryptocurrencies with leverage. Although you will still lose money if the trade doesn’t go in the direction you were searching for, we will not be liquidated, which will end up increasing the funds you lose.

If you are not comfortable with the tips presented here, you can always try trading in other exchanges that do not have leverage and where you can handle small amounts of funds so you will be able to learn the basics of the cryptocurrency market.

Perpetual Contracts on the ByBit Exchange

Perpetual contracts on the ByBit exchange do not have an expiry date, unlike futures trading. Users can hold on to the contracts as long as they want. Moreover, the perpetual contracts are always anchored to the Spot price.Users should know that perpetual contracts at the exchange use an Auto Deleveraging (ADL) system as a contract loss mechanism that protects traders from being affected by large losses caused by risky traders.Furthermore, the exchange can handle 100,000 transactions per second and each matching is completed within 10 microseconds. The exchange is also not affected by server downtimes and its functionalities and availability are up 99.99% of the time.

Conclusion

ByBit is a cryptocurrency exchange that would allow you to trade with leverage different cryptocurrency pairs. The platform is very similar to the trading platform provided by BitMex, however, there are some differences between these two. One of the positive things of ByBit is the fact that it has an improved trading system that tends not to affect users trading and it is able to process 100,000 trades per second.At the same time, the platform will help you have a larger exposure to the cryptocurrency market and to specific trading pairs that include cryptocurrencies such as Bitcoin, EOS, XRP and Ethereum. In the future, new trading pairs could be added to offer solutions to a larger number of users in the crypto space.You can also read our full guide about the Binance exchange and how to trade with and without leverage.

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404.php - What is Nuo Network? A Beginner’s Guide

What is Nuo Network? A Beginner’s Guide

Nuo Network is a decentralized finance (DeFi) application that provides a platform connecting lenders and borrowers using smart contracts. Built on top of the Ethereum protocol, Nuo is backed by ConsenSys Ventures and has a total value of $10.7 million currently locked in smart contracts.The application currently permits users to lend and borrow using various digital assets such as: BTC, ETH, DAI, LINK and more. In addition, the platform is non-custodial, meaning only users, and not Nuo Network itself, has access to their funds; this is achieved through the use of smart contract accounts.

How Does Nuo Network Work?

Nuo Network has two key players within its ecosystem, namely: lenders and borrowers. To use the platform, these players are required to create a Nuo account with Metamask/Web3 wallet or password-based sign up. ETH or an ERC-20 token must then be transferred to the registered account address in order to begin lending or borrowing.There are 3 main activities that a user can take part in on the Nuo platform, this includes:

Lending
Borrowing
Margin Trading

Lending – To lend, a user must first fund their Nuo smart contract account with ETH or an ERC-20 token. Once this is done, something called a debt reserve must then be created. Debt reserves are pools of ETH or an ERC-20 token which is lent out to borrowers according to their loan request. Reserves have a duration and upon expiry, the initial funding amount plus any interest is automatically transferred to a users’ Nuo account. The annual premium rate (APR), or return that a lender receives from making a loan, is calculated based on the yearly interest that an average debt reserve receives. For example, if the average debt reserve consisting only of ETH receives a yearly interest of 0.2%, this means locking up ETH for one year would yield a return of 0.2%. Debt reserves are also pooled, i.e. combined with other reserves in order to ensure loan requests are funded. Lenders can ensure they earn interest by being part of a pool at the point at which a loan is repaid.

Borrowing – In order to borrow on the Nuo platform, you must first select a digital asset to borrow, as well as put up collateral in case of default. Default can happen either by failure to repay the loan, or the value of the collateral falling close to the loan amount. Once the details of the loan request are established, the loan is then matched to a debt reserve to be funded.Every loan on Nuo has a fixed interest that must be paid back. The amount of interest paid will depend on the length of the loan as well as the availability of currency wishing to be borrowed. Shorter term loans will likely have high interest rates; loans where the currency wishing to borrowed is scarce will also likely have high rates of interest.

Margin Trading – Nuo also allows users to margin trade with 30+ trading pairs, across 4 markets, with a maximum of 3x leverage. These trades can either be long or short, i.e., betting that the price of a digital asset will go up or down. To margin trade, a user must first select a cryptocurrency to go long or short on, and then put up a collateral amount. After signing a smart contract transaction, the trade is then created. The margin trading functionality is powered by Kyber Network.

The liquidation price for margin trading is not fixed and is dependent on the volatility of the digital asset that was used as collateral – the more volatile the collateral, the more volatile the liquidation price.Lending applications such as Nuo are attempting to decentralize and democratize a core function of the financial economy. Instead of an individual going to a bank to secure a loan, lending applications may be a viable alternative. These applications democratize the entire loan-seeking process by giving individuals access to a much wider pool of willing lenders.

Conclusion

To conclude, Nuo Network is a decentralized finance application that allows for peer-to-peer lending through its debt marketplace. Individuals can use Nuo Network either to lend, borrow or margin trade. With $10.7 million of value currently on the platform, Nuo presents a viable solution for those seeking to make a return via lending or get access to capital via borrowing.Nuo joins other lending DeFi platforms such as: Compound, Dharma Protocol and Ethlend currently operating in the digital asset space. It is currently the 5th largest DeFi lending platform with the mission to enable financial services to work for everybody.

404.php - Binance – 2FA Guide!

There are many different methods – ways to hack and circumvent passwords using phishing techniques or public wireless networks. Therefore, it makes sense and absolutely necessary to use 2-factor authentication to improve the security of your binance account.

What is 2FA?

2FA or two-factor authentication is when you protect your account with two factors or locks, creating an additional layer of security.

In this context, a factor is split into three different categories:

Users knowledge (Password)
Something the user owns (Phone)
Biometric traits (Fingerprint)

You must have two separate locks in your account to get access to 2FA security. The two most important factors in Binance are the password and the one that is made by text message or Google authentication code.

Differences between Google Authenticator – SMS authentication?

SMS Authentication

Once you have created your account on Binance and you have entered your mobile number in the system. Each time you log in, Binance will send you a text message verification code on your phone, this code will expire within a certain time, usually within 5 to 10 minutes. The number code you receive must be entered into the Binance system.

Google Authentication

Once you have set up Google Authentication on your system, you will be given, and you have an option to create a backup key. Application – The system generates one-time passwords at regular intervals. Use this one-time password to log in!

How to set up SMS and Google authenticators?

Setting up SMS Authentication

Go to Binance website and log in to your account management panel and select “Security” -> “2-Factor Authentication” and press the “Enable” button next to the SMS authentication token to start SMS authentication.

You need to select your country code what you use in your mobile phone and in your area – then specify your mobile phone number. After entering the required information, press the “Send SMS” button.

After entering the information, you will receive a text message verification code on your phone. Enter the verification code of the SMS you received and press “Enable SMS Authenticator ”.

Setting up Google Authentication

Go to your account dashboard and select “Security” and choose “2-factor authentication” then click the “Enable” button next to the Google Authentication label. This is how you get the service working!

1 – Download App

Google has a separate Google Authenticator app for your phone that makes getting codes faster and more secure. You can download this application for free and easily, for example via the image links in the image.

After downloading and installing the application on your phone, you can proceed to the next step.

2 – Scan QR Code

Open the Google Authenticator app on your phone and press Scan QR Code! Your camera opens and you can scan that QR code with your phone.

If, unfortunately, you can’t use your camera for some reason, you can also enter the code manually!

Once you’ve received and verified the Google code, you can proceed to the next step to continue.

3 – Backup Code

The following screen will display and provide you with a Google authentication code. Write this code down on a piece of paper or anywhere you like. This code can be requested by the Google Authenticator system if you lose your phone or change your phone.

Once you have received and wrote down the code, we can proceed to the next step.

4 – Enable Google Authenticator

Now the system asks and wants you to enter the account password and the 6-digit code that you can see in Google Authenticator! Then press the “Enable now” button!

Congratulations! Your account is now protected with two-factor authentication and you can use the system safely!

You will now need to enter your account password and the 6-digit code that will be displayed in the google verifier to enable google authentication for your account.

Read our other binance tutorials here.

404.php - BitSeven: The Ultimate Trading Guide

BitSeven is a leveraged based Trading option for Bitcoin that offers between 1x and 100x Trading, An exchange to swap BTC > ETH etc, And purchase of Bitcoin, Ethereum, Litcoin and Bitcoin Cash with ease.
BitSeven boasts an almost guaranteed uptime of 100% for a successful trading experience.

Make sure to signup with our referral link! 😉
https://www.bitseven.com/CPA/10200

Bitseven guide (bulking)

Enjoy all multi-platform features

BitSeven does not need you to install any kind of software on your computer to enjoy its functions. Its platform is based on a 100% web scheme, thus ensuring a secure trade through any device trained and without problems regarding updates and software bugs.

One of the most outstanding features of BitSeven is the speed with which it processes the commands, which guarantees smooth and fluid transactions. The platform uses a high-tech matching engine that drives the operation of the services, making the website develop quickly, availability, tolerance to errors and many other virtues, all this including advanced matching algorithms that will allow you to have total control of your orders.

Who should be qualified to use BitSeven?

BitSeven is a cryptocurrency exchange house that is characterised by offering trading service with leverage. Once this is understood, we must know that this exchange is suitable specifically for traders who want to increase their earnings through a position that allows them to meet their objectives in a short period of time.

This exchange allows its users to obtain greater profits from their real funds, regardless of whether the cryptocurrency goes up or down, depending on the position the trader has chosen. Because of this, traders should take advantage of the market situation to achieve profitability in the rapid and volatile fluctuations of prices, in the short term.

The main advantage of this broker is clear and we have explained it before: leverage, which in the case of the cryptocurrency market is unique.

It is difficult to get another broker in this market that offers a leveraged service as advantageous as BitSeven does, which is why users have a certain preference with this platform. It should be noted that leverage can be a double-edged sword, so as in websites like BitMEX, it is recommended to be managed by people with trading experience. It is an exchange for those who feel attracted by strong emotions and adrenaline situations because as we could earn a lot of money, we could also lose it, therefore, we must learn to operate the winning team to counteract the margins of loss. Altsignals turns out to be perfect to extract the data and signals that you will need to carry out a successful trade.

Another thing to emphasise is the flexibility in the deposit since we can do it from a minimum amount of Bitcoin that is rather symbolic, so it is an accessible broker for all the portfolios.

As for the cryptocurrencies that we can negotiate, they are few, but in the case of trading, we should think that a specialised broker is better than one with too many assets and poor trading conditions.

The customer service (although it used to work wonders) has been reported to be slow in response times since the platform returned to provide its services, after its temporary closure.

BitSeven Commission Rates

To make deposits and withdrawals to, or from the wallet offered by the exchange, the commission is 0, however, to position orders and opening new trades, the platform charges fees based on transaction percentages.

For trading, BitSeven charges the following percentages:

Bitcoin: 0.075%
Ethereum: 0.151%
Litecoin: 0.193%
Bitcoin Cash: 0.195%

In addition, an extra house exchange fee of 0.19% will have to be paid.

Trading is done with TradingView technology, the most popular platform in the cryptocurrency markets, which helps users feel more confident in making personal investments in the exchange.

BitSeven Blog

Preferably for BitSeven members and readers, the platform has a personalised blog for news, tips and announcements related to the cryptocurrency market. It is available in 6 different languages, among which are English, Russian, Vietnamese, Polish, Japanese and French, in order to facilitate the understanding of the content to its users.

The blog has a design similar to the BitSeven platform. It shows a dash where the writers position the most outstanding news of the day and on the right side of the blog, the most recent publications that have been made on the website are listed.

Because the broker was suspended for a while, the content is certainly discontinued, however, it is only a matter of time now that is active again for users to continue being part of the blog and uploading news related to the market flow.

Why Trade Leverage?

Leveraged trading can be used as a hedge against the risk of your investment diminishing if you fall into the negative. This is usually considered “High-Risk Trading” But the potential for profit also skyrockets!
With leveraged trading, you are buying into a contract instead of OWNING the asset, but that means you are trading at 1x/5x/10x/25x/50x/75x/100x the value of your purchase. So, If you entered a trade with 1 BTC with 10x leverage, you are trading with 10 BTC. This means that when you are trading, the fluctuations of the asset makes a lot higher % profit/loss.

You can see the effects of the bull market on investors and mining profitability on our blog here.

PROS AND CONS OF BITSEVEN

Pros:

Easy to understand trading platform
Low Fees
Leverage upto 100x
24/7 instant withdrawals
USA Can signup, unlike BitMex
Easy to setup Anti-Liquidation to avoid being liquidated! (Read end of article)
Prices show in USD too
No Downtime unlike BitMex!

Cons:

Newish company, however, 1.1m Registered users.
No Fiat trading
No super advanced order types.

HOW TO DEPOSIT WITH BITSEVEN

Depositing with BitSeven has never been easier. Once logged in, Navigate to the Green Deposit button on the top right corner of your screen, This will lead you to a page where you can fund your account. (SEE BELOW)

Currently, Only Bitcoin is supported to deposit on BitSeven, but you can easily exchange between BTC / ETH / LTC / XRP, But we’ll explain that later!
On this screen you can find your unique deposit address, which you can use to fund your BitSeven account. (Make sure to send BITCOIN and BITCOIN ONLY)

The minimum deposit on BitSeven is 0.001 BTC, However as soon as the funds have registered as sent, they will be available to trade! (Usually instant!)

HOW TO EXCHANGE WITH BITSEVEN

BitSeven offers a small exchange where you are able to exchange BitCoin to other coins that are all tradable on the exchange! The 3 coins currently offered are Ethereum, LiteCoin and Ripple. Pictured below is the Exchange dashboard. Just remember, That if you would like to withdraw your coins, they’d need to be back exchanged to Bitcoin!

HOW TO WITHDRAW FROM BITSEVEN

BitSeven’s withdrawals are also super easy to get your head around! To withdraw, simply navigate to the “Withdraw” tab on the right hand side of your screen. (Pictured below)

From here, you are able to enter your “Destination address” where you wish you to withdraw too and withdraw your Bitcoin! (Remember, Only BITCOIN can be withdrawn!) The network fee is set to 0.001 BTC which cannot be changed, But the fee is high enough to ensure that when you withdraw you will receive your coins to your destination address quickly! The maximum daily withdrawal on the site is set to 10 BTC.

HOW TO PLACE A TRADE ON BITSEVEN

BitSeven offers lightning-fast execution with leveraged trading upto a 100x margin.
The maximum leverages you can trade on BitSeven are as follows:

BTC – 100x
ETH – 50x
LTC – 40x
XRP – 30x

These are some of the highest leverages offered over any network!
You are able to trade on a mobile phone or tablet with no need to download any apps, as their site is already optimized for mobile browser usage.

Below I will show you how to start your first trade with BitSeven;

Pictured here is the dashboard for placing a trade, Here you can choose how much you would like to purchase with “Amount”, Choose wether you would like to buy “UP / LONG” Or “DOWN / SHORT” (Up means you believe the asset will rise in value, Down meaning it will fall. Your profits will reflect which way it moves) And what leverage you would like to take!

Once you have placed your trade, it will enter your positions. (Pictured below)

Here, you can see your buy in price, the leverage what you are trading at and most importantly your liquidation (“Cut a loss”) And Unrealised PNL (Profit / Loss)
Liquidation is the point at which your stock has dropped so much in loss that it will autosell. In the next section I will explain how we avoid this, So read carefully!
From the positions page, You are able to “Sell (Limit)” Which allows you to choose at what value you would like to sell your asset or “Sell (Market)” Which we call the panic-button! Market sell will instantly sell your asset at market value, this can sometimes be lower than what you anticipated, meaning that this button should only be pressed when tides are turning in the wrong direction and there is nothing you can do to get out of your position.

HOW TO AVOID LIQUIDATION ON BITSEVEN

Liquidation is the #1 reason why people are lossing income on leverage based exchanges, But here at AltSignals, we’ve developed an anti-liquidation system that keeps your funds safe!
To explain;
When trading our BitSeven Signals, We recommend you only enter a trade with 10% of your balance, This is due to adding more of your balance through anti-liquidation.
If your trade is close to hitting your “Cut a loss” and you are trading on 100x Leverage, You will want to enter a NEW trade with 75x Leverage going in the SAME direction that you originally placed the trade, What this will do is add a a larger “Buffer zone” for you to be liquidated, increasing your “Cut a loss” and giving you more time to stay in the trade and the market to move into the other direction.
HOWEVER, This will also add another 10% into you initial trade, Meaning you are in 20% of your balance as apposed to 10%.
You can add as many anti liquidations as your balance allows to keep yourself from cutting a loss and all of your assets being sold at market value. (Meaning you will lose all of your initial investment.)

Here you can see us placing open orders for Anti-Liquidation for one of our trades that almost hit our “Cut a loss”!

Thanks for Reading
– AltSignals Team.

404.php - BitMex Margin Trading Guide: How To Trade With Leverage?

BitMex is one of the most popular and recognized platforms in the cryptocurrency market for margin traders.In this article, we will explain how BitMex works, how to margin trade and how to remain profitable in this volatile market while trading with leverage. It is always worth remembering that margin trading is not for beginners. Traders should always be very careful while trading with leverage considering it is extremely risky despite offering large potential gains.

BitMex Cryptocurrency Trading

There are different platforms in the cryptocurrency space for traders that want to profit from volatility. However, just a few of these trading sites offer large liquidity and functional services and BitMex is one of these companies. BitMex is one of the largest crypto exchanges in terms of traded volume. At the same time, the site offers the possibility to trade with leverage, which suits perfectly for professional traders. BitMex is one of the most advanced trading platforms for cryptocurrencies considering the high liquidity levels, its performance and the fact that it has never been affected by a hack. However, users should know that the platform is not available for U.S. citizens. This cryptocurrency trading platform supports different cryptocurrencies, including Bitcoin (XBT), Cardano (ADA), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), XRP and EOS.

The main difference between BitMex and other traditional spot exchanges is that BitMex allows users to trade with leverage. BitMex works with crypto derivatives considering it offers an instrument that can be bought and sold on margin trading. Users will be trading actual Bitcoin and altcoin contracts that derive their value from the price of their respective assets. This is specifically useful to users that do not have enough funds to perform a large trade but they are certainly sure about the specific direction of the market.

What is Margin Trading?

Margin trading is the practice of trading assets – in this case, cryptocurrencies – using borrowed funds from third parties. In general, margin trading is used by expert and professional traders to have larger amounts of funds to trade in the market. Although this could be certainly profitable, it is a very risky trading method considering positions can be liquidated very fast.

Traders could start trading with 2:1 up to 100:1 leverage. That means:

if you have 1 Bitcoin (BTC) to trade and you use 2:1 leverage, you will be able to trade with 2 BTC instead of one;
if you have 1 BTC, and you open a trade with 100:1 leverage you will have the possibility to handle 100 BTC instead of just 1 BTC.

The assets provided by the trader would work as collateral for the borrowed funds. This is very important at the time of understanding how margin trading behaves. When opening a position, there will be a threshold in which the trade would remain open, however, the position could get liquidated if the market crosses this threshold. This is known as liquidation price. BitMex provides traders with a user-friendly calculator that helps them calculate their profits, losses, liquidation price and more. Although the platform offers the possibility to trade with leverage, not all the cryptocurrencies have the same maximum leverage level available. BitMex cryptocurrencies will have these maximum leverage levels: Litecoin: 33X Ethereum: 50X XRP: 20X Tron: 20X Bitcoin Cash: 20XEOS: 20X Cardano: 20X Bitcoin: 100XIt is worth pointing out that using more than 50X leverage is very risky and should be done only if you know what you are doing and if you are 100% sure of the trade.Without enough collateral, these positions can be easily liquidated, ending up with a bad trade and losing money, which is not what we want to achieve.

Long and Short Positions

Traders can simply open long or short positions according to the direction in which they think an asset would move.

Long positions make reference to those that bet the price of an asset will move higher. Short positions work in a similar way but on the contrary direction. That means a short position is a bet that the price of an asset will fall. No matter which position you open, a part of the balance you have in your account will be used as collateral for the funds that you borrowed. If the trade is closed with a profit, the collateral is returned to your account and the profits will be added too. You will only be discounted the fees the platform has for operating the trade. Meanwhile, if the market moves against your position and you are liquidated, that means the trade will be closed and the collateral completely liquidated. The larger the leverage, the highest the possibilities are you could get liquidated faster. In other sections, you will have the possibility to learn about which positions are better to open according to the market conditions. You would not like to open a long position if the market is falling or a short position if the market is growing.

Limit, Market and Stop Orders

There are different kinds of orders that BitMex provides to traders for them to have more professional trading experience. Limit orders allow users to select a price level that will be filled as soon as the price of the asset reaches that level. These kinds of orders are cheaper than market orders and are the preferred method to start trading. Market orders are a good tool for traders that need to enter or leave the market at a specific moment in time. If you need to leave or enter the market, you create a market order that fills immediately. However, these orders have higher fees than limit orders and should only be used when necessary. Take profit is very important for traders because it would help them perform their trading strategy in the best possible way. For example, a trader could set three levels for taking profits. The first and second levels would give 25% of the users’ profits, respectively. The third level will allow them to take the 50% remaining profit.

Stop loss orders are another tool that would help traders prevent them from losing all their assets. For example, if the user opened a long position and the market suddenly drops, a stop loss order would help them reduce their exposure to volatility. The same would happen if a trader opened a short position and the market moves suddenly upwards. A stop loss order would prevent them from keeping their trade open when the market moved on the contrary direction they were expecting. Trailing stops would allow users to easily exit a trade once they are profitable. Traders can set a trailing stop loss of $200. In this way, if they enter the market at $5,000 and the price of the asset surges to $6,000 the trailing stop would be executed if it moves down to $5,800.

Stop loss orders are one of the most important tools that would allow us to reduce our exposure to sudden contrary market movements. When opening a highly leveraged position, the best thing to do is to operate with a tight stop loss that would reduce to the minimum the losses. However, our position may close if the market moves on the contrary direction. However, our position could be opened for a longer period of time and with lower risk if we use lower leverage to trade cryptocurrencies. In this case, our stop loss position would certainly be not so tight and the market would have some more time to develop. This is highly dependent on the risk you are able to handle. Cryptocurrencies are highly volatile and their price changes at all times, this is why it is always important to properly use stop loss while trading.

Isolated and Cross Leverage

There are different types of leverage for traders using Bitmex. Users can use Isolated and cross leverage to trade on the platform. If you open a position with leverage and you see the trade is going as expected, you can use the full amount of funds in the available balance and avoid liquidations. Always remember to use stop loss in order to reduce the risk while trading.

Cross leverage can be used in order to reduce the exposure to a specific trade, in case you would not be able to be controlling it at all times. At the same time, this margin method can be useful for users that are hedging existing positions and for arbitragers that do not want to be exposed on one side of the trade in the event of a liquidation. Isolated margin can be used for speculative positions. Using this margin strategy, it is possible to limit losses on the initial margin set. This helps day traders and short-term investors reduce their exposure if the trade does not go as expected.

If you are a beginner, the best thing to do is not to trade with cross Leverage. This would expose your whole equity balance, which is very risky. The term cross leverage is also known as Spread Margin and it allows you to use your full balance to avoid liquidations. This can be used to hedge existing positions and also to arbitrage and avoid being exposed on one side of the trade if there is a liquidation. At the same time, cross leverage would allow swing traders to be more protected against the fluctuations in the market. Considering that the market fluctuates at all times, using your whole funds would help you avoid excessive movements in the price of specific cryptocurrencies.

Bitcoin vs Altcoins BitMex Margin Trading Strategy

While trading on BitMex, and in other platforms, you should have a clear trading strategy that you want to implement and carry out. The cryptocurrency market is very volatile and it has been massively fluctuating since its inception. However, it is possible to distinguish different cryptocurrencies and understand the trading patterns related to each of them. The usual and basic distinction is related to Bitcoin vs Atlcoins. Altcoins are all the cryptocurrencies besides Bitcoin, which is the oldest and largest one. Although this is not a rule that works every single time, it helps understand specific trends and market behaviours. If Bitcoin surges there could be two different possibilities. The first one takes place when Bitcoin grows and expands because there is a sell-off in altcoins. This is what happened between April and November 2019. It is possible to see Bitcoin’s market dominance started to grow while altcoins’ market capitalization fell.

If you enter this trade very early, you could have enjoyed very positive gains before July if you would have used BitMex margin trading. The second possibility that we could encounter when Bitcoin surges is related to a general bull trend in which both altcoins and Bitcoin experience large gains. Generally, altcoins tend to have higher returns than Bitcoin due to their larger volatility and lower liquidity. If you were able to get the trade and recognize the trend, this would be a good opportunity to use BitMex margin trading and trade with leverage on altcoins.There is also a market situation in which Bitcoin would not be performing well, it could even fall, but altcoins will surge. This is what is known as alt season and would be very profitable for alt lovers. In case the trend is clear, you need to be prepared to short Bitcoin and long altcoins through the BitMex margin trading platform. Eventually, if both Bitcoin and altcoins are in a bear market, the best thing to do would be to analyze entry and exit points and have a clear shorting strategy.If you already know this strategy, you can complement it with market signals that would allow you to understand when to buy and sell a specific asset. AltSignals is one of the most recognized trade calls to trade on BitMex.

How To Handle Liquidations On BitMex Margin Trading?

While trading on BitMex you would usually do so with leverage, which can be very high in some cases. To keep these kinds of positions open traders will need to hold a Maintenance Margin percentage. You will always be able to review your liquidation price per position using the Open Positions Tab and adjust it by adding additional margin through the Leverage Slider or the Risk Limits tab. When a liquidation is triggered on BitMex, the exchange will cancel any open orders in order to free up margin and maintain the positions. Larger position sizes usually require higher margin levels. This allows the BitMex liquidation system to have a more usable margin to effectively close large positions that would otherwise be difficult to safely close.

When you trade a long position, your profits can be even larger than 100%. However, if the price falls more than the funds you used as collateral, then you will lose all these funds. The larger the leverage you use to trade, the riskier it becomes considering that the collateral funds will represent a small part of the total amount traded with leverage. These positions with high leverage should be followed very closely considering they are highly likely to be liquidated in case the price of the cryptocurrency suddenly changes its direction. Moreover, users should always use Stop Loss to reduce to the minimum the losses in case the market moves in the contrary direction. At AltSignals we usually have great results while trading on BitMex with margin because we use a very profitable and efficient signals system developed during the last few years.

Reduce Risk For BitMex Margin Trading

If you are currently analyzing the possibility to start using BitMex Margin Trading, then you may want to follow a few risk management recommendations that would help you better handle your funds.

If you are a novice trader, use a small amount of money to test whether you feel comfortable while using BitMex Margin Trading. If your position gets liquidated, you would not risk a lot and you would have learned how the platform works.
Select a specific cryptocurrency and stick to it during the first months of trading. This is a good strategy to get used to the price fluctuations and how the price of the assets behaves. For example, when Bitcoin and the cryptocurrency market drops, XRP price tends to be less affected.
Trade with limit orders rather than market orders. This would help you to reduce the fees you pay while trading.
Reduce the leverage you use on your position. If you are still learning how to trade in this market, the best thing you can do is to trade minimising the leverage you use on your position. This would reduce the chances of being liquidated and increase the chances of closing a trade with profit.
Practising would make you an expert. BitMex is currently offering users the possibility to use a practice environment that would help you get used to the interface, understand the terms and practice your strategy.

If you feel that BitMex Margin Trading is not for you, then don’t be worried. You can always start trading with a traditional cryptocurrency exchange and understand the basics of cryptocurrencies before you move forward with riskier and more complicated trading strategies.

Trade Like a King With AltSignals

Are you a novice trader and you’d like to improve your trading skills? Are you a trading expert and you want to confirm your moves are accurate? AltSignals is the right tool for you. With AltSignals you will receive one of the most accurate trading signals in the market. Check it out and don’t miss a trade anymore. With AltSignals you will be able to receive notifications about entry levels for you to improve your trading strategy while using BitMex.