Hello, it’s Sean
Recently, following the approval of Bitcoin ETFs, many investors have become interested in how to buy and trade Bitcoin.
+++ Don’t forget to read until the end for a discount code on transaction fees!
Especially among foreign sites, I recommend “Binance” which I find to be the most affordable and trustworthy in terms of fees!
Binance is well-known globally as the largest exchange who are interested in coins
Not only because of its rank or size but also because it has proven its exchange reserves, there should be no concerns while using it.
Reasons to use the overseas Binance Bitcoin exchange
- Futures Trading
Futures trading allows you to bet on both the rise and fall of Bitcoin’s price. For example, when the price of Bitcoin is expected to drop, instead of simply holding USDT, you can take a short position (sell position), allowing you to bet more aggressively in a manner similar to domestic inverse investments.
- Margin Trading
Margin trading means using leveraged, i.e., borrowed capital for investing. This allows for investment with a larger amount than the actual owned capital, increasing the potential for profit but also the risk.
Owned capital: $1,000
Margin trading leverage: 3x
In this case, you can trade Bitcoin worth $3,000 using your own $1,000. This effectively triples your trading capital.
For instance, if the price of Bitcoin is $10,000, you can buy 0.1 BTC with $1,000. However, with 3x margin, you can purchase 0.3 BTC with $3,000.
If the Bitcoin price increases: Let’s assume the price goes up to $11,000, a 10% increase. The value of 0.3 BTC becomes $3,300, yielding a net profit of $300. This achieves a 30% return on your actual investment.
If the Bitcoin price decreases: Let’s assume the price drops to $9,000, a 10% decrease. The value of 0.3 BTC becomes $2,700, resulting in a loss of $300. This records a 30% loss on your actual investment.
Margin trading offers the opportunity for high returns but comes with high risk. Therefore, careful trading planning and risk management are essential.
- Trading Fees
Most Binance users actually use futures trading, so fees are very important. For trading, Binance charges a standard fee of 0.1% per trade to regular users, which is relatively low compared to other exchanges.
Moreover, if you hold a small amount of BNB coin while margin or futures trading, discounts apply for even lower fees.
Using the Binance discount code also allows for cheaper Bitcoin trading on Binance.
Entering the Binance exchange Referral code offers up to 20% off transcation fees.
“20% discount” means that signing up with a referral code reduces the basic fee by 20% when trading.
Without the fee discount, the larger the coin trade amount, the more you lose compared to others!
Click the link below and enter the number 564551237 to receive a 20% fee discount, and since it’s only possible to enter this when you first sign up, make sure to enter it during registration! Not doing so will put you at a disadvantage when trading!
I hope this year brings profits for both your coins and you.
Don’t overdo it. Just start with small amounts!
Wishing you always stay healthy and enjoy your crypto life ^_^
<Three reasons why you must use the popular cryptocurrency exchange "Binance "nowadays! get a discount code for transaction fees!> 