The ways to make money by buying and selling USDT on BMX exchange are: spot trading: buy and sell USDT directly and earn the price difference. Contract trading: Use leverage to trade USDT contracts to amplify your profits. USDT lending: Lend USDT and earn interest.
Guide to making money buying and selling USDT on BMX exchange
How to make money buying and selling USDT?
There are three main ways to make money by buying and selling USDT on the BMX exchange:
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Spot trading: Buy and sell USDT directly on the exchange and earn the difference.
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Contract trading: Use leverage to trade USDT contracts to amplify your profits.
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USDT Lending: Lend USDT to those in need and earn interest.
Spot trading
Steps:
- Register a BMX exchange account.
- Deposit funds or buy USDT.
- Select the USDT trading pair (such as USDT/BTC) on the spot trading page.
- Create an order based on the type of order you want to place (market order, limit order, stop-profit and stop-loss order).
- When the price reaches the desired target, close the order and take profit.
Contract Trading
Steps:
- Register a BMX contract trading account.
- Use USDT as margin to open a USDT contract position.
- Choose a leverage multiple to amplify returns (but be aware of the risks).
- Predict USDT price trends and place long orders (up) or short orders (down).
- When the price reaches the desired target, close the contract and take profit.
USDT Lending
Steps:
- Register on the BMX lending platform.
- Deposit USDT into the BMX lending account.
- Select the borrowing term and interest rate.
- Lend USDT to those in need based on borrowing needs.
- Earn interest on lending USDT.
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