When it comes to cryptocurrency, offers you a lot of ways to make a profit. You can do spot trading, stack your crypto assets, or do options trading. No doubt, cryptocurrency has proved itself one of the most profitable niches but at the same time, it is a highly volatile market. Having said all that, there is also an option of crypto future trading that enables the traders to make money without owning the cryptocurrencies. Let’s explore it further.
How does crypto trading work?
Well, future trading is a form of the contract according to which a trader will buy or sell an asset or cryptocurrency at a predetermined price and on a predetermined date. The basic phenomenon of this type of trading is that it has an expiry date. For example, after analyzing the market you have come to know that Bitcoin will be bullish. Then you open a long position and set a date for selling it at a specific price. Eventually, you make a good profit or bear a loss.
Which is the best exchange for future crypto trading?
Though there are a lot of good exchanges like Binance that offer future cryptocurrency trading; you need to choose the most reputable future trading platform as a beginner. In such a case, I would suggest you use the Bybit crypto exchange which is the best choice for beginners. Simply click this link and create your account right now. By creating an account through this link you will get free support in the premium Discord Group.
Why am I recommending the ByBit for future trading?
You might be thinking that why I am suggesting the ByBit crypto when there are a lot of other exchanges too. Well, the following are the reasons.
- It offers up to 100x leverage i.e 100x on Bitcoin and 50x on other cryptocurrencies
- Users can get short-term insurance to compensate for the loss
- It has educational resources to make you learn
- Greater risk management