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The process to start trading with BitForex simple. There is no need to enter in personnel information of complete KYC to start trading. Simply follow the steps on the right to get started.Visit the BitForex website Register & verify email Purchase or transfer Bitcoin (BTC) Start Trading on BitForex
PrimeBit accepts deposits in over 163 cryptocurrencies, including Bitcoin. To deposit cryptocurrency into BitForex, follow these steps:Click on 'Assets' up the top right corner to bring up your Wallet Navigate to 'Deposit' on the left menu Select the crypto coin you wish to deposit from the drop down menu Transfer selected cryptocurrency from your hardware wallet using the wallet address shown
There are 300 majors and altcoins pairs on the spot market and 9 perpetual contracts that can traded with high leverage that include:Bitcoin (BTC/USD) Ether (ETH/USD) Litecoin (LTC/USD) Bitcoin Cash (BCH/USD) EOS (EOS/USD) Ripple (XRP/USD) Beam (BEAM/USD) Grin (GRIN/USD) Binance Coin (BNB/USD)
At the time of writing, BitForex had a 24 hour daily volume of $777,776,990 according to Coinmarketcap and is ranked overall at #43 in comparison to other cryptocurrency trading exchanges.
BitForex exchange offers up to 100x leverage on perpetual contracts. Cryptocurrency leverage trading can be a powerful tool for a trader. You can use it to take advantage of comparatively small price movements to make your balance grow faster.
It works by putting down a fraction of the full value of your trade – and the exchange provides the rest of the deposit to facilitate a much larger position size without tying up your capital. It can also have the opposite effect and increase the size of your losses.
BitForex uses a Tiered Margin Ratio System to avoid the liquidation of large positions which can have a large impact on market liquidity. It works by offering lower leverage to larger positions held, with a higher Initial Margin Ratio required. This feature is useful for new traders that want to short Bitcoin using borrowed funds.
For all traders alike, the charting interface is one of the most important considerations when selecting a crypto exchange. Especially for traders that rely on technical analysis to find an edge in the market.
When selecting a cryptocurrency exchange, you must be comfortable with the trading interface. It must feel right as this is where most of your time will be spent. When you first login to BitForex exchange, the first thing you will notice is how well laid out and simple the trading platform is.
There are no complicated menus or distractions, just an easy to use trading interface. On the left, the trading pairs are listed where you can switch between the different asset classes.
Professional traders will notice the crypto live price charting platform is provided by TradingView. It is an excellent charting interface that are renowned for smooth, intuitive and clean charts. Traders will be able to make use of advanced trading tools and indicators provided by TradingView to refine their trading edge in maximize profits and minimize risk.
TradingView charts offer a wide range of time frames and tools to draw trend lines, add indicators and chart patterns to perfectly time a trade order using a market, limit or stop order.
BitForex trading interface includes all of the advanced trading tools through the TradingView interface that is expected for a modern cryptocurrency trading platform. Users are immersed with an expansive suite of chart indicators that can be added to the chart such as:Simple Moving Averages Relative Strength Index Ichimoku Bollinger Bands Average True Range
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