FAQ

Frequently Asked Questions

How can I invest?

You can invest by opening a long position in Bitcoin on our platform using collateral from your balance. To use collateral in a position, you need to deposit money into your account. Once you have deposited the balance, you can select the amount to invest or trade with for opening a position.

How can I trade?

To trade on our platform, you can use our intuitive trading interface to open or close positions of your choice. Open a long position to make a profit in case of upward price movement. You can close the position at any time.

What is a Long Position?

A long position is a strategy where users open a position on an asset with the expectation that its price will rise in the future, allowing the user to profit from an increase in the asset's price.

What is a Short Position?

A short position is a strategy where users sell an asset that they do not own, with the intention of buying it back at a lower price in the future. Users profit from a decrease in the asset's price.

What is Position Size?

Position size is the amount of assets that are in a position. It is the amount of Bitcoin (BTC) that a user holds in a position. The amount of the asset (Bitcoin) is determined by the price, collateral, and leverage at the time of opening the position. For example, if a user wants to open a long position with $100 using 10x leverage, then $1000 ($100 x 10 = $1000) worth of Bitcoin will be in the position, and that will be the position size.

What is Collateral?

Collateral is the amount of money that you use from your balance to open a position.

What is Leverage?

Leverage is the use of borrowed funds to increase the potential return on an investment. It allows users to control a larger position with a smaller amount of capital. For example, if you are using $100 funds and want to hold assets worth $2000, you need to keep the leverage level at 20x.

What is Opening a Position?

Opening a position refers to the act of initiating a trade, representing the beginning of a trader's exposure to the market.

What is Closing a Position?

Closing a position refers to the act of ending a trade by offsetting an existing position.

What is Entry Price?

The entry price is the price at which users enter into a trade.

What is Mark Price?

Mark price is the price used to calculate the value of a position in real-time. Mark price is used to determine margin requirements and liquidation levels.

What is Liquidation?

Liquidation is the process of closing out a trader's positions to cover their losses when their margin balance falls below a certain threshold. It is initiated automatically by the platform.

What is Liquidation Price?

Liquidation price is the price at which users' positions will be automatically liquidated. It is determined based on the trader's margin balance and the leverage used in their trades.

How can I withdraw money?

To withdraw money from your trading account, you can navigate to the withdrawal section of our platform and follow the instructions provided. You may need to select a withdrawal method, enter the amount you wish to withdraw, and submit your request. Once processed, the funds will be transferred to you.

What is PNL (Profit and Loss)?

PNL, or Profit and Loss, is a measure of the financial performance of a trading position or portfolio.