You Must Know These If You Are Playing On The Bitcoin Exchange, BTCUP and BTCDOWN

Bitcoin is increasing its share value every day. Lots of people have made a significant amount of money with bitcoin. But it is very difficult to buy bitcoin right now. Because its price has increased a lot. That’s why it’s just as risky to play with your bitcoin. At the same time, the rate of increase of bitcoin has now decreased. But now many people have discovered bitcoin, so they want to buy bitcoin or play on bitcoin exchange. In this article, we will tell you about the leverage system where you can earn much more money from bitcoin. What is Bitcoin? Bitcoin is a cryptocurrency and bitcoin value today is $ 31,843.30. What is BTCDOWN? What is BTCUP?

BTCUP And BTCDOWN

Binance

BTCUP and BTCDOWN announced by Binacen stock exchange; Self-leveraged tokens, such as the FTX exchange’s Bull and Bear tokens. It is briefly referred to as BLVT (Binance Leveraged Tokens). You can think of BTCUP and BTCDOWN as reflections of bitcoin, not real cryptocurrencies. These crypto shares are said to move according to bitcoin. But they increase and decrease much higher than the increase of bitcoin. If you are going to play with these crypto stocks, there are some important things to know.

You Need To Be Carefull

Bitcoin

First of all, these crypto stocks are very risky, so it will be risky for you to invest all your money. But if you play by following certain strategies, it’s that hard to make money. An important point to know not is the commission fee. These crypto shares have a very high commission fee, so we do not recommend you to play unless you expect a serious profit. You should examine the declines and the outcomes in both bitcoin and bitcoin reflections.

Rises and Falls

BTCUP and BTCDOWN

BTCUP is the token that allows you to earn more in the long position by increasing the price at a higher rate as the value of the bitcoin increases. You can watch the outputs in bitcoin and play BTCUP at times when you expect a high output. But you have to set yourself a limit and avoid possible high losses. This is not a stock you can buy and keep for a long time. Since there are separate commission fees for each day, you can lose money just by holding it. BTCDOWN is the token that allows you to earn more in the short position, whose value increases at a higher rate as the bitcoin price decreases. The same risks apply to BTCDOWN.

The Commission Fee
Leverage System

-The commission fee in token buying and selling is the same as other cryptocurrencies. However, the commission rate of the transaction made to convert tokens back to USDT is 0.10%.

-A daily management commission of 0.01% is charged for each day.

-Another commission fee is funding payment. This happens between BTCUP and BTCDOWN token holders, depending on whether the funding commission rate is positive or negative.

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