Envisioned with their desires in mind, Evertwine stands tall on four mighty pillars: integrated tokenomics, NFTs, staking and yield farming, backed by cutting-edge protocols. Together, these elements forge a path towards a smoother and more refined user journey, accommodating players of all expertise levels, and embracing both newcomers and seasoned veterans of card game mechanics and blockchain game trading. At Exordium, inclusivity is their guiding principle. They strive to create a fair and vibrant ecosystem where every individual can forge…
Margin trading is one of the best features BitGlobal offers. Impressively, users can get 10X leverage on their trading positions. Professional traders utilize leverage trades daily to increase ROIs and take advantage of market volatility. As a savvy investor, you should understand the concept and when it’s best to employ it.
What is Margin Trading?
Margin trading refers to an investment strategy in which an investor utilizes borrowed funds from a broker to trade a financial asset. Margin trading brings with it some significant advantages. For one, users enjoy higher returns when they complete a leveraged trade. In addition, margin trading loans feature competitive interest rates and are considered a more comfortable financing option in the market.
Margin traders also enjoy more diversification in their strategies since they have more funds to commit to their plans. Diversifying your investments can help to protect you against total loss. It also allows you more opportunities.
Margin Trading on BitGlobal
Margin trading on BitGlobal is easy to set up. There are multiple cryptocurrencies available for leveraged trading. These trading pairs offer users up to 10X leverage on their positions. The first step of the process is to register for margin trading access. Once you receive an approval notice, you can transfer funds into your Margin Account.
From your trading portal, you need to select Assets in the upper right corner. Then, select the Deposit button. From here, you will need to decide how to fund your account. You can fund your account with BTC, USDT, or any cryptos available for margin trading. Next, go to your margin trading account section by pressing Margin.
You will see a prompt that asks you to select the amount of BTC you desire to margin trade. Conveniently, BitGlobal automatically allocates funds based on your margin account, holding assets, and margin multiples. This feature streamlines the entire margin trading process significantly and makes it user-friendly for new investors.
Long or Short
You will also need to decide whether to long your investment short or. Longing your investment means that you expect the value to rise. Shorting is the opposite. You expect the value to drop when you short an asset.
For example, let’s say you have one BTC and expect the price to rise significantly in the coming week. So you could take out a 10X leverage and purchase more BTC. Once the price goes up, you can sell your assets and repay the loan. The best part is that you can keep all the extra profit from your broader investment positioning.
Shorting is the reverse strategy. You take out a loan to buy more crypto and then sell it instantly. Once the value of the asset drops, you then repurchase at a lower price. Lastly, you repay the loaned amount and keep the difference.
Track Your Trades with Ease
There is a detailed description of your margin trading activities on the lower right side of the page. You can also see leveraged multiples and borrowings. In this way, monitoring these investments as they mature is easy.
BitGlobal has a cool mobile app. Thanks to the vibrant layout and straightforward interface, the exchange looks excellent in the app. From here, you can accomplish all of the most common trading activities. The app is free to download and takes five minutes to set up. You must prove your identity as the platform is KYC/AML compliant. BitGlobal’s mobile app is available in Android and iOS mobile configurations.
Who doesn’t like to win free crypto? BitGlobal keeps its community engaged and excited via constant promotions. These events, contests, and prizes help BitGlobal provide users with a fun and entertaining investment experience.
BitGlobal packs all the latest blockchain features into a secure platform. In addition, users have access to margin trading. Margin trading is an advanced strategy involving taking a loan out before trading activities to leverage your position. The practice is widespread in the stock markets because it improves your ROI potential significantly.
No good #CeFi platform is complete without staking options nowadays. BitGlobal continues to pioneer the exchange sector by integrating its Staking protocol. Notably, staking is only available at select times. Users receive rewards for locking their cryptocurrency in the firm’s liquidity pool.
Smart Tokens Rule
BitGlobal introduces the world to “smart tokens.” These tokens are cryptocurrency-pinned stablecoins used for specific trading purposes. The introduction of these unique financial instruments makes it possible to short Bitcoin. Buying a smart token is similar to opening an unleveraged short position on the underlying cryptocurrency.
BitGlobal Has a Strong Community of Users
BitGlobal managed to secure a healthy following of users in a short period. This is because the platform features an active and vocal social media presence. Users can communicate directly with developers via these channels. This way, developers can understand what features and coins are valuable to their users.
Transparency Is Paramount
In terms of centralized exchanges, BitGlobal is one of the most transparent. This is because the platform was built from the ground up with strict ethical principles. For example, BitGlobal will periodically allow third-party audits of its holdings. This data is available via network financial reports published on the blockchain.
BitGlobal – The Right Exchange for the Times
BitGlobal has proven to be the right exchange for investors seeking reliable margin trading alternatives. As a result, this fully regulated and externally monitored exchange continues to see record growth alongside the rest of the market.
Much can be said about the group’s pioneering spirit and the monumental accomplishments the crew has made thus far.