What Is The Best Place To Trade Crypto

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Last month we opened spot trading and a drawing to win $1,000,000. Since then we have received great feedback from our existing users and several new sign-ups. Some of them are trading on the crypto exchange for the first time and want to know how BitMEX Spot works. For others, it is improving the knowledge base before the first trade. In any case, we have created this step-by-step guide to trading on our spot crypto exchange.

What Is The Best Place To Trade Crypto

You must be logged in to trade on BitMEX Spot. If you have not created a BitMEX account, click here to register.

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Our crypto points exchange interface is divided into four main sections. Let’s look at each of them:

This section shows the cryptocurrency spot trading pairs currently supported on our exchange: XBT/USDT, ETH/USDT, APE/USDT, UNI/USDT, MATIC/USDT, LINK/USDT and AXS /USDT.

You can view the Spot Pairs section by clicking the menu icon in the upper left corner of our spot exchange interface, which appears as ≡. Hide this section by clicking the “✕” button in the upper right corner of the Find Pairs window.

You can also click or search for a specific cryptocurrency trading pair, such as ETH/USDT, to display the price chart, order book, and recent trades for that pair.

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In the crypto space, spot trading refers to the buying and selling of tokens and coins at the current market rate (or “spot price”) in order to immediately obtain the underlying asset. Spot trading differs from derivatives in that you must own the underlying asset to place an order to buy or sell.

The term “trading pair” describes a pair of assets that are traded. There are two main types of trading pairs: fiat cryptocurrency pairs (eg XBT/USD) and cryptocurrency pairs (eg MATIC/USDT).

Trading pairs are priced based on their “base pair,” the currency in which the exchange rate is quoted. In the ETH/USDT trading pair (given the price of ETH in USDT), the base currency will be ETH and the quote currency will be USDT.

Traders use TradingView charts, order books, and depth charts to perform technical analysis, determine liquidity, and select prices for their orders.

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The TradingView window offers several chart display options, including candlesticks, bars, empty candles, Heikin ashi, lines, ranges, and baselines. In this article, we will focus on the default chart display settings: candlesticks.

Each candlestick panel shows at a glance what has happened to the price of a cryptoasset over a certain period of time. If you press “1h” above the price chart, you can adjust the duration of the candles.

Let’s take a closer look at the anatomy of a candle. In the screenshot above, you can see a long line running through the “body” of the candle – this is called the heart. Each candle displays four pieces of information: high, open, low, and close.

The “heart” shows “high” and “low”, and the colored part of the candle, i.e. the body, shows “open” and “closed”. If the closing price is higher than the opening, the candlestick will be blue, indicating that the price has risen. Conversely, if the price ends at a “close” lower than the open, the candlestick will be red, indicating that the price has fallen.

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Here is a partial list of tools that traders can use on our spot crypto exchange to forecast, analyze and track price movements:

On the right side of the TradingView window, you’ll find the order book (aka market depth). The order book displays a list of open buy and sell orders for the selected crypto-asset in real time. For example, let’s say the current price is 5 USDT for 1 UNI – the order book will show how many orders there are for 4.8 USDT, 5.2 USDT, etc.

For a visual representation of the order book, select Depth next to Price in the TradingView window. The more limit orders open on both sides of the order book, the deeper the order book.

The right window of the order book allows you to trade cryptocurrencies by creating market and limit orders:

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Note. The percentage shown on the slider is the available amount of assets used for this order. For example, when you buy Bitcoin, you can adjust the percentage slider to indicate the amount of USDT in your account that you want to exchange for XBT. You can view available funds for a specific spot cryptocurrency trading pair in the buy/sell window. Click here to view and charge for spot deals.

At the bottom of the TradingView window, you can view information about open orders, order history and trade history for all/selected spot trading pairs:

Users can click on the Transaction History tab to view the transaction history of each order (provided it has been completed). Trade History refers to trades that have actually been executed (i.e. orders that have been filled), while Order History shows details of all orders placed, including new, partially executed, completed, canceled and rejected orders.

In the coming months, users will have access to more spot trading pairs, including BMEX/USDT. In addition, our mobile app will soon allow users to easily trade on the go with a simple, smooth and intuitive interface.

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BMEX rewards also await new and existing traders. Please note: our BMEX offers are constantly changing in line with our current projects and initiatives. For the latest information, visit our Token Campaign page. Connect with us on Discord, Telegram and Twitter to be the first to know about our product launches, trading pairs and giveaways. If you have any questions in the meantime, please contact support.

BitMEX offers different types of contracts. All contracts are bought and paid for in Bitcoin. BitMEX has created the “Perpetual Contract”, a highly leveraged contract that never expires!

It is operated by HDR Global Trading Limited, a company incorporated under the International Business Enterprises Act of the Republic of Seychelles 1994 with company number 148707 and registered address at Global Gateway 8, Rue de la Perle, Providence Mahé, Seychelles (“HDR” “) .HDR fully owns BitMEX, a virtual asset trading platform.

Access to trading or holding positions on BitMEX is prohibited to persons or entities located, registered or otherwise created, and nationals or residents of places listed under the restricted jurisdiction rules, including the United States. If any BitMEX user is found to have misrepresented their location, organization, company, citizenship or residence information, or if HDR determines that the user is located in a restricted jurisdiction under a restricted jurisdiction, HDR reserves the right to immediately terminate their account. record and liquidate any open positions. HDR may, in its sole discretion, update its Restricted Jurisdiction Policy and implement controls to restrict access to the BitMEX Trading Platform in any Restricted Jurisdiction. By using and viewing it: (i) you agree to the disclaimers set forth below; and (ii) warrant and represent that you are not a national or resident of any of the territories listed in any limited jurisdiction policy. The material published here is not a basis for making investment decisions and should not be considered as a recommendation or advice to enter into investment transactions and is not related to investment, tax, legal, financial, accounting, consulting or other related services, nor any advice . or recommendations are made regarding goods or the purchase, sale or purchase of products.

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All views expressed in the BitMEX research report are the personal views of the authors. HDR (or any of its affiliates) was not involved in the creation of these reports, and the views expressed in these reports may differ from those of HDR (or any of its affiliates). The information contained in this document has been obtained from sources we believe to be reliable. Such information has not been verified and we do not guarantee its accuracy, completeness or accuracy. Any opinions or judgments expressed herein reflect the opinions of the authors of the report as of the date of publication and are subject to change at any time without notice. HDR (or any related party) shall not be liable in any way for any direct or indirect damages arising from the use (including reliance) of this material or the contents of this document. This content is copyrighted.

BitMEX and the mobile applications released under BMEX are wholly owned and operated by HDR Global Trading Limited, a company incorporated in the Republic of Seychelles, or its authorized subsidiaries. CFDs are complex tools. 75% retail

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