How to trade Bitcoin_Analysis of coins, contracts, and leverage operations
How to trade Bitcoin: Analysis of coins, contracts, and leverage operations
1. Coin trading: the most basic BTC trading method
Currency trading refers to using one digital currency to exchange for another, such as buying BTC with USDT. This method has no leverage and no risk of liquidation , and is suitable for novices.
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Binance
Direct to the official website:
Android installation package download:
-
Ouyi OKX ️
Direct to the official website:
Android installation package download:
-
Huobi Huobi️
Direct to the official website:
Android installation package download:
Operation process:
- Register a cryptocurrency exchange account (such as Binance, OKX, HTX, etc.)
- Complete KYC certification and recharge (fiat currency or digital currency)
- Go to the "Trade" page and select the BTC/USDT trading pair
- Set limit orders or market orders and submit buy/sell
Suitable for people:
- Beginners
- Medium- and long-term holders
2. Contract trading: Leverage amplifies returns and at the same time amplifies risks
Contract trading allows users to predict their price rise and fall and make profits without actually holding BTC, and can go long or short.
Main types:
- Perpetual contract: no expiration time, sustainable position
- Delivery contracts: periodic settlement expires, such as quarterly contracts
Operation process:
- Enter the "Contract" sector and choose BTC-USDT perpetual or currency standard contract
- Set leverage multiples (such as 1x-125x)
- Choose to go long (bullish) or short (shoulder)
- Set the opening price, stop profit and stop loss, and submit an order
Risk warning:
- Price fluctuations under high leverage can easily trigger positions
- Risk control strategies need to be set up strictly
3. Leveraged trading: the "loan version" of currency trading
Leveraged trading is to enlarge trading positions through the platform's borrowing funds. You can usually choose multiples such as 2x, 3x, 5x, etc., which is suitable for short-term arbitrageurs.
Operational features:
- Interest is required, the interest rate is calculated by hour/day
- Assets need to be transferred to leveraged accounts in advance
- Suitable for use when the price trend is clear and the fluctuations are not large
Operation steps:
- Open BTC/USDT trading pair in the "leveraged trading" sector
- Transfer assets and borrow coins
- After buying/selling, return the borrowed coins and settle the interest
4. Comparative summary
| Transaction method | Whether to hold coins | Is it possible to short | Is there a leverage | Suitable for the crowd |
|---|---|---|---|---|
| Coin trading | yes | no | no | Novice, long-term holding |
The above is the detailed content of How to trade Bitcoin_Analysis of coins, contracts, and leverage operations. For more information, please follow other related articles on the PHP Chinese website!
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