BitCoke Tutorial | How to Grow Your Account in 2022
There is no more better financial tools than cryptocurrency to increase your personal wealth, because the crypto world is decentralized, almost transparent, and no hierarchy.
In last tutorial, I went through the deposit processes on BitCoke. This tutorial will center on ways to make money on BitCoke. Before jumping into details, you should be aware that this tutorial is not financial advice, and please do your own research ahead of any investment.
BitCoke Tutorial | Bitcoin deposit
BitCoke is one of the fastest growing crypto exchanges in 2022, ranked 7 in CoinMarketCap derivative marketplace. This…
BitCoke offers a wide range of products with varying risk for its users.
If you are a beginner, you should not miss the maxium $115 rewards in coupon for registration and first-time deposit. These coupons are not tradable and can only be used to fund contract trading fees.
Buy and Hold
Compared with leverage products such as options, futures, perpetual contracts, spot trade is considered with much less risk. It doesn’t you can’t acquire a handsome profits by just buy and hold. The outcomes depend on positions entry & exit timing.
BitCoke spot market covers different crypto sub-sectors. There are spot pairs for leading coins like Bitcoin, Ethereum, as well as altcoins, meme coins.
As a rule of thumb, buy cryptocurrencies with massive adoption and vibrant ecosystem during market crashes or black-swan events, and hold to the moments when market is heated.
Most exchanges provides leverage products for users who either don’t big funds or just want to get rich in short time. BitCoke is no exception.
In Perptual section, BitCoke offers adjustable leverage from 1 to 100. You can margin trade perpetual contracts using BTC/ETH/USDT, to which all profits and losses are directly paid. This is so called “Quanto swap”, a bit complex but really useful tools.
Leverage is a double sword. It can both accelerate your profits, and precipitate the liquidation of your account. Please excise great cautions before making a bet on contract trading.
For steady players in crypto space, BitCoke Earn products may be a desired choice. It gives out 8% APY for 180 days subscription.
In addtion to 3 methods above, other ways, including buying cloud mining product, or subscribing for launchpad new crypto IEO, could help grow your assets as well.
If you are an advanced trader, you can seek opportunities on funding rate arbitrary, shorting weak altcoins, etc.
BitCoke is right for you if:
· You have good experience in crypto spot & derivative investment.
· You’re looking for low fees, a wide range of currencies, and high-end features.
· You’re an professional retail traders who is serious about platform functionality & usability.
· You don’t want to give out personal information