Bitcoin is the most traded cryptocurrency worldwide. There are several cryptocurrencies yet they are not as attractive as investors prefer Bitcoin for various reasons. The prime reason is that Bitcoin trading is very liquid and the cryptocurrency acts much like fiat money for you can buy commodities and other items from the market with ease. Again, it is easier to transact digital money in exchange for other goods and services and further, there are numerous trading platforms to trade with the crypto. You may purchase and sell Bitcoin when the value of the same goes up and purchase them when the value comes down. Now, this is trading by holding on to the crypto like a physical asset. However, since the fluctuations are not pre-determined and getting cryptocurrencies from the market means a sizeable investment it is more profitable to go for crypto futures trading as you need to invest only the margin that the trading platform demands.
It is generally seen that more profits can be made from futures trading than any other way. If you are interested in bitcoin trading then you may start trading in futures at authentic sites where they often carry great features including customer-friendly choices and great trading experience.
Entering Crypto Futures Contract
You can enter into a futures contract in Bitcoin with ease if you choose a trading platform that has been helping investors trade in cryptocurrencies for more than a decade. The BTCC is one of the leading sites that cater to all classes of investors and is noted to be the most customer-friendly site worldwide. It has a strong presence in cryptocurrency futures with more than a million trading acaccounts
All you need is to click on their website and gain access as a beginner or an experienced investor. You will be asked to deposit a margin amount which is a small percentage of the contract value of Bitcoin futures that you wish to trade. You will also find that they have better choices of cryptocurrencies and far more features than other trading platforms.
The above crypto trading platform offers professional suggestions and tips so you get to know the fluctuation of the cryptocurrency better. You can also leverage your position with little margin so that you can reap the benefit of windfall profits.
You may also love to go for options which are relatively less risky when compared to futures trading. If you find Bitcoin rising in value you may buy a call option which gives you the right to buy them back at a discount. However, if you think the value will fall then you may opt for put option to sell the crypto at a preset price so that you can limit your losses.
Highly Informative Platform
The BTCC is a highly informative platform for traders and investors in cryptocurrencies and in particular bitcoin futures so that you can gain enough knowledge to cut down your losses and aim for profits over time. Again, they have another wonderful feature and that is if you have a negative balance the platform will absorb the loss. In this way, you don’t lose much.