BitWell cryptocurrency derivatives
What is BitWell?
In the cryptocurrency world, the exchange has proven itself to be reliable. Here you can trade derivatives related to a large number of different cryptocurrencies. As the main advantages of its platform, BitWell distinguishes six different things: asset security, investor protection fund, professional team, high-quality regulation, diversified and easy-to-use products and the fact that the trading platform has high performance and stability. A big advantage of this exchange is also a mobile application for both iPhone and Android. Another big advantage is that BitWell also offers its users trading with credit shoulder. Basically, all crypto exchanges that offer contract trading do this. The maximum leverage for this platform's perpetual loans is 100x (i.e. one time the corresponding amount).BitWell derivatives trading platform aims to create a fair and transparent global digital asset trading platform by providing investors with secure, convenient and intelligent blockchain derivatives trading services.BitWell cryptocurrency derivatives trading platform has a number of advantages, in addition to those previously described, you can also pay attention to:
- A very large array of cryptocurrency assets.
- Support users in exchanging FIat with Crypto.
- Convenient platform service and round-the-clock concierge service.
- Good security, CoinEgg has its own R&D department.
- Easy to use and move around.
- Low and competitive commissions.
The platform also has a self-developed multi-level cold wallet system, the addresses of user deposits are addresses of cold wallets, which corresponds to the best standard in the security industry.
BitWell crypto derivatives trading platform aims to create a fair and transparent global digital asset trading platform by providing investors with secure, convenient and intelligent blockchain derivatives trading services.BitWell cryptocurrency derivatives trading is a good investment for the future and high liquidity.
What are derivatives?
A derivative is a financial contract, the meaning of which is information about the future price of a digital currency.
Derivatives for highly volatile assets such as cryptocurrencies should only be used after a careful study of the instruments themselves and how they function, otherwise there is a high risk of complete loss of funds.
Why is the instrument called a derivative? Because it is based on some other asset. The contract itself is worthless. Its price is determined by the value of the underlying asset.
Features of derivative transactions.
Let's talk about the advantages of the tool:
- Low entry threshold, since at the time of the conclusion of the contract you only need to pay the guarantee fee.
- The likelihood of getting more profitability with minimal investment and in a short time.
A derivative financial instrument does not mean the asset itself (for example, a commodity) that underlies such a contract, but only the right to act with this asset. This is one of the fundamental differences between the spot market and the derivatives market.
In general, derivatives have two main tasks:
- Speculation - This function of derivatives was formed as their popularity in trading grew. Earnings come from changes in value. And not only its increase, but also its decrease. Those. one side believes that the price will increase in the future, while the other side bets on a decrease. As a result, someone wins.
- Risk hedging. In simple words, this is protection against losses. The investor resorts to them when he fears that the price of a purchased or sold asset may change in an unwanted direction. In other words, hedging is an attempt to find equilibrium for a certain market instrument. For this, investors take the opposite position on the asset.
You can make money with derivatives in different ways, it all depends on the chosen strategy. Despite the seeming simplicity and availability of derivatives, working with them requires a lot of experience and a lot of knowledge.
BitWell derivatives trading has a solid track record in the industry.
How does cryptocurrency derivatives trading work?
Trading is a fundamental concept of economics that involves buying and selling values. These can be goods and services for which the buyer pays some compensation to the seller. In other cases, trade may involve the exchange of goods and services between parties to a transaction. There is always the possibility of rapid fluctuations when trading, and it is possible that the price of a coin fluctuates in both directions before it becomes stable. Future factors and several other assessments should be considered before deciding on cryptocurrency derivatives.
Traders' profit is based on the change in the value of the cryptocurrency. The following pattern works here:
- in the case when the crypt has risen in price, then the buyer gets the profit. Those. the trader under the terms of the derivative will have to pay the seller.
- if at the time of fulfillment of the contractual obligations the asset has become less in value compared to the fixed price, then the generated additional income is received by the seller.
In the context of financial markets, traded assets are referred to as financial instruments. It can be cryptocurrencies, bonds, futures, etc. In simple words, a financial instrument is a traded asset.
BitWell cryptocurrency derivatives in India buy now it is a good investment.
How to trade BitWell derivatives in India?
BitWell crypto derivatives in India can be purchased by anyone with any trading experience. How do you start trading derivatives? In fact, it is easy and fast, and also does not require any additional assistance from third parties.
Initially, you will need to choose a broker that suits your requirements; after which you will need to go through the registration procedure on the official website; the next step is to open an account and replenish this account; then choose the most relevant type of derivative for yourself and analyze the market in detail, and the last step is to buy a derivative.
In the absence of proper preparation, it is best to initially undergo training, study the maximum amount of material related to this topic.
BitWell derivatives in India have received positive reviews from traders.
Minimum deposit amount.
I would like to make a special emphasis on the minimum deposit amount, on this exchange it is 0.001 BTC.
How do I make a deposit?
It will not be difficult to deposit funds, the sequence is very easy, and for this you will need to do the following:
- First, click on your account name in the upper right corner of the home page and select "BTC Deposit" from the dropdown list.
- Get Bitcoin deposit address with individual multi-signature, you can directly deposit BTC to the address After confirmation, BTC will be deposited and credited to your account. (Users who do not hold BTC can purchase BTC first on bitcoin exchanges and then deposit BTC on our futures trading platform).
List of BitWell derivatives
The BitWell crypto exchange offers several types of trading:
- A spot is a trading operation in which payment is made right here and now, in other words, a spot contract implies the speed of transactions.
- Swaps are one of the key concepts in trading. On an exchange, a swap is, in simple words, the amount that a trader receives or pays when an order is held open for more than one day.
- Options are when the buyer and seller agree to buy or sell an asset at a specific price at a specific time. For a buyer, an option is the right to execute a trade. If the buyer does not benefit from the deal, he will only pay the premium for which the option was purchased; for the seller, an option is an obligation to fulfill the contract.
- Special Contracts Bulls / Bears are the main participants in the stock and now cryptocurrency market. Both of these traders are buying and selling, although they are in different directions.
What is the difference between bulls and bears?
The main strategy for the behavior of bulls on the stock exchange is a simple idea - to buy promising assets, hoping that their price will rise.
Bulls analyze the cryptocurrency, its prospects, and then buy coins. When the value of a currency reaches its peak, then they start to sell. The difference between buying and selling amounts is the trader's earnings.
The concept of a long position is also referred to as bulls. A long position is an asset that will grow in value in the future, and all this time the trader keeps it.
Bears capitalize on the fact that assets fall in value. They don't buy, they sell cryptocurrency.
The essence of the bear strategy is that the trader is looking for such stocks or coins that will fall in price in the near future. Professional players conduct market analytics and look for factors that can soon cause a collapse in the value of an asset. They sell a certain coin that does not belong to them or is borrowed. This trade is called short sell, short or short on the exchanges and is most often done with a broker. That is, in fact, the market player does not spend his money, but buys or sells something on credit.
After the sale, the bear immediately buys the asset. Because of these actions, the bears themselves contribute to the fact that the value falls. And the process itself is repeated again - buying more coins (after all, the price has dropped), and again ... After the bear trader comes to buy coins at the lowest price, he returns them to the owner or keeps them for himself. During this time, the debt is paid to the broker, and the bear earns on the difference in sales.
BitWell crypto derivatives trading is an interesting process of earning money.
Does BitWell have crypto derivatives?
WELL is a BitWell platform token that provides drivers for the entire platform ecosystem and serves as a measurement standard for contributors and contributions from all parties to the ecosystem. WELL was launched at the same time the BitWell platform began growing crops on September 3, 2020 Singapore time. Users can get WELL by participating in the cultivation of the crop. As of the end of crop cultivation on November 5, users have harvested a total of 6.3 million WELL. In addition, users can get WELL by participating in the BitWell platform's "Free WELL with limited Privilege Card Subscription" program. After WELL officially enters circulation on the blockchain, it will be directly available for purchase on the BitWell platform.
WELL represents the rights of the BitWell community, including:
- Discounts on platform trading fees.
- Option Fee Compensation.
- Community Voting Rights.
- Exclusive Content Collaboration (Exclusive to Old Genesis Era Users).
- BitWell Executive Dialogue (Exclusive to old Genesis Era users).
- Additional discounts.
Frequently asked questions about BitWell cryptocurrency derivatives
What is a Trigger Order?
A trigger order is a set of instructions for placing a trade order according to predefined parameters. When the last market price hits the trigger price, the system will automatically place an order according to the preset price and amount.
What is phishing?
Phishing scam refers to a criminal activity where lawbreakers trick someone into giving away sensitive personal information such as their username, password, credit card and ID information while masquerading as some others. They claim to be official staff, operations staff, customer support or internet administrators in an attempt to defraud the victim's trust.
What is margin trading?
Margin trading is a leveraged trading method using margin. With leverage, you can open a position that is larger than your account balance. By "borrowing" capital from the exchange, you can increase your purchasing power and open a position with a small investment, without paying the full amount of what you need initially.
Can I cancel a limit / pending order?
Until the limit / pending order has been executed, you can cancel it at any time convenient for you.