The demand for trustworthy and secure trading platforms has never been greater as digital assets continue to change the financial environment. BitMake gives users access to endless chances in the dynamic world of digital assets by expanding their spot and futures trading options.
This article will provide valuable insight into successfully navigating the BitMake crypto trading platform by presenting you with the perfect BitMake spot and futures trading guide.
Table of Contents
Summary
- This article serves as a comprehensive guide to spot and futures trading in BitMake.
- This highlights the potential of cash and futures trading to generate profits in the cryptocurrency market.
- This guide focuses on BitMake’s bonus program, which offers various incentives to reward users.
- Incentives include deposit bonuses, referral rewards, participation in trading contests, and more.
- The importance of risk management is emphasized throughout the guide. It highlights BitMake’s user-friendly interface, diverse cryptocurrency options, and robust security measures.
- Traders are encouraged to use these features and bonus programs to maximize their trading potential.
- Overall, this article aims to provide valuable insight and guidance to his BitMake traders, thereby improving their trading experience.
Why Choose BitMake?
BitMake stands out as a reliable and feature-rich platform that offers numerous benefits to traders of all skill levels. The platform prides itself on its user-friendly interface that ensures a seamless and intuitive trading experience.
Whether you are a novice or an experienced trader, the platform’s accessible design and comprehensive trading tools help you make informed decisions and execute trades efficiently.
BitMake ensures your assets are protected from potential threats with robust security measures such as, multi-factor authentication, and advanced encryption. Additionally, BitMake offers a wide range of cryptocurrency options for spot and futures trading, allowing you to diversify your portfolio and take advantage of various market opportunities.
To learn more read, BitMake Review: Is it the Best Crypto Exchange?
Spot Trading vs. Futures Trading
Before delving into BitMake’s spot and futures trading capabilities, it is important to understand the fundamental differences between these two approaches.
A spot trade is a direct purchase or sale of cryptocurrencies where the trade is settled instantly at the current market price. It is the easiest and most widely used method of trading digital assets and provides traders with ownership of the underlying cryptocurrency.
Futures trading, on the other hand, adds a new dimension to cryptocurrency trading by allowing traders to speculate on the future price of an asset without owning the actual asset.
Futures contracts allow traders to take long (bets that prices will rise) or short (bets that prices will fall) positions in cryptocurrencies, giving them the opportunity to profit from both bull and bear market conditions.
Also, read Futures Trading – A Guide for Trading Futures in Crypto
Bonus Program at BitMake: Earn UP TO 1605 USDT
BitMake offers a bonus program designed to reward users. The program offers various incentives such as deposit bonuses, referral bonuses, trading contests, etc. to allow users to get additional benefits while participating in cryptocurrency trading activities.
Deposit bonuses provide users with additional funds based on their deposit amount, while referral bonuses offer rewards for attracting new users.
Advantages of the Bonus Program at BitMake
Here are some of the advantages of the bonus program at BitMake:
- At BitMake, no KYC verification is required to receive and use bonuses.
- You can earn upto 1605 USDT as a bonus and out of which, you can earn 1505 USDT as a bonus by inviting your friends.
- On signing up with a referral link, you and your friend both get 15 USDT as a bonus.
- Furthermore, the bonuses can be used to cover your entire trading losses.
- You can sign-up, deposit crypto, and complete a futures transaction (> 5000 USDT) to get UP TO $40.
- Reach a certain trading volume in the futures market to earn bonuses.
However, the bonus program at BitMake comes with various sets of rules, some of which are as follows:
- The bonus can only be used as a margin and trade loss for futures trading. Transaction fees and funding costs incurred in futures trading can be counted as bonuses.
- The bonus cannot be withdrawn under any circumstances. However, you can withdraw the profit from trading with the bonus.
- All bonuses have an expiration date as all the unused bonuses expire on the 15th day of issuance.
- All bonuses will be forfeited if an outgoing transfer is performed from the main trading account.
BitMake Spot Trading Guide
Spot trading at BitMake is simple to interpret and is the most commonly used method for traders to own/ trade digital assets.
Spot trading is a popular choice for both beginners and experienced traders looking to get in and out of positions quickly while taking advantage of market fluctuations to make a profit.
Steps to get started with BitMake Spot Trading:
- Sign-up on BitMake and deposit crypto through the blockchain network.
- Then transfer the crypto from your wallet account to your trading account.
- That’s it, head over to the spot market page and place an order to get started.
- You can select the crypto you want to trade from the dropdown on the top left corner and can place the buy/ sell orders from the column on the right.
- You can find your spot trading position at the bottom of the screen as shown below:
For a detailed guide on BitMake spot trading please visit here.
BitMake Spot Margin Trading Guide
BitMake allows you to trade on leverage on the spot market by using your funds as collateral to borrow assets and open a bigger position. Further, you can either long or short-use the borrowed funds to gain returns.
Furthermore, at BitMake you can use a leverage of upto 10x in spot margin trading (please do keep in mind that the higher the leverage, the greater would be the risks of liquidation).
In addition to trading on leverage, you can also earn interest by lending your crypto to other traders who are willing to opt for margin trading at BitMake.
Steps to get started with BitMake Spot Margin Trading:
- Firstly, head over to the Trade account – borrow, click on the margin section, and select “Enable Spot Margin Trading”.
- Next, head over to the spot markets page and select the trading pair you wish to trade.
- After that, tick the margin checkbox on the right column.
- Set the desired leverage using the slider and place your order.
- You can find your spot margin trading position at the bottom of the screen as shown below:
BitMake Futures Trading Guide
Futures trading on BitMake, a leading cryptocurrency exchange, allows traders to speculate on future prices of cryptocurrencies without owning the underlying asset. Traders can take advantage of bull and bear market conditions to take a long position (bets that prices will rise) or a short position (bets that prices will fall) in digital assets.
BitMake’s futures trading platform provides powerful tools to exploit price volatility and gain returns. Furthermore, at BitMake you can use a leverage of upto 125x in the futures trading trading.
In addition, futures trading allows you to receive related bonus rewards when you reach a certain amount through a single trade or cumulative trading volume.
Steps to get started with BitMake Futures Trading:
- Firstly, create an account and deposit funds into your trading account.
- Choose the specific futures market you wish to trade. BitMake offers a wide range of futures contracts for various cryptocurrencies
- Determine your entry and exit points for the trade, including stop-loss and take-profit levels.
- input the relevant order details, including the desired futures contract, trade size, and order type
- You can view your order details at the bottom of the page as shown below:
- Once your trade reaches your predetermined exit point, close the position to secure your profits or minimize losses. You can manually close the trade or set up automatic order triggers.
BitMake Spot and Futures Trading Guide: Conclusion
BitMake has emerged as a robust cryptocurrency exchange that offers cryptocurrency enthusiasts a comprehensive spot and futures trading experience. By learning the intricacies of spot trading, traders will be able to take advantage of real-time market movements to buy and sell digital assets directly.
In addition, BitMake’s futures trading platform provides new opportunities to speculate on the future prices of cryptocurrencies, increasing profit potential in both rising and falling markets.
Additionally, BitMake’s Rewards Program adds even more excitement and bonuses to your trading journey. Deposit bonuses, referral incentives, and trading contests allow users to maximize their trading potential while enjoying exclusive benefits. These bonuses not only provide additional funding but also promote a sense of community and healthy competition among traders.
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