For those of you who are newbies trading on hotbit, you will find ETF coins. What exactly is an ETF coin?
On this occasion, we will discuss what is the ETF coin at Hotbit Hotbit review
I will explain it in my language which is easier to understand. Hotbit ETFs are a kind of derivatives market and leveraged trading. What is a derivative? Derivatives are that we only buy the contract so we can make a profit when the price goes up with an ETF long position and can make a profit when the price goes down with an ETF sell.
Leverage means leverage, in the case of this hotbit ETF, the leverage is 3x and 5x.
Hotbit review For example:
For example, the coin ETF of BTC is BTC1D5S (5x short bitcoin). When the price of BTC fell by -5%, the hotbit BTC1D5S (5x short) ETF coin did the opposite, that was, it went up, in addition to being multiplied by 5x, the BTC1D5S pair increased by +25%.
Another example: you believe the price of BTC will go up then you buy BTC1D5L (1 day 5x long) then when the price of BTC goes up +5% if you buy BTC1D5L then your profit will be multiplied by 5 to +25%
Can Hotbit ETFs be subject to liquidation?
ETF (exchange-traded fund) is different from margin trading on Binance so there is no liquidation system because there is no margin system. However, hotbit ETFs are still at risk of your balance being close to 0$.
How much does ETF trading cost
The ETF trading fee is the same as the spot, which is 0.1$, besides that, a 5% daily stay fee is also charged, so if the price is silent but your ETF shares are left for 6 months, the value can be up to 0.0001$
Who Is This ETF Trading For?
This ETF stock is specifically for advanced trading who wants to increase their income by up to 5x spot trading but must also be prepared to bear 5x the loss as well.
That’s a simple explanation of trading ETFs on hotbit, hopefully, it will be useful.
Exchanges have an important role in buying and selling crypto-assets or cryptocurrencies. He is the intermediary that connects buyers and sellers. The analogy, such as a brokerage company or securities in stock trading. For more information on decentralized crypto exchange
tips for investors or potential investors in choosing a good exchange so that you as an investor or trader do not lose or lose in transactions.
1. The number of assets or crypto
There are not many crypto exchanges that offer a variety of cryptocurrencies in their system. Exchanges that provide a lot of cryptocurrencies are the best choice. That means the exchange in question has the experience and human and technological resources that are qualified to handle various cryptocurrencies. For more information on P2P
“That doesn’t mean that an exchange that only offers two or four assets can be called bad. Relatively true,”
Liquidity in this case is the ease of buying and selling crypto/assets. A high level of liquidity means there are many buyers and sellers in it. “It also means that you have the opportunity to get good buying and selling prices and ensure faster transactions,” he said
3. Customer service
The prompt and responsive interaction of the exchange manager is important. They must ensure that all problems faced by customers/investors are resolved quickly and accurately.
4. Transaction fees
The number of transaction fees must also be considered. “The 0.3% to 1% range I think is still reasonable,”