CFD Is Now Available On BitXmi
The BitXmi cryptocurrency exchange team works every day to improve the convenience of trading and increase the level of security for traders.
What is a CDF?
CDF or Contract For Difference is a contract concluded by two parties – the buyer and seller. Its essence is that a positive difference between the opening and closing prices of a certain financial instrument is paid by the seller to the buyer and negative – by the buyer to the seller. The contract also indicates the time at which this difference is determined.
Imagine that you have acquired shares of a company in the amount of $ 100. After a certain time, their cost rose to 110 dollars. In this case, the seller must pay you this difference of 10 dollars. If the price fell, then this amount would be withdrawn from you.
The cryptocurrency CFD works in a similar way, and the assets are not stocks or other securities, but digital currencies.
Why are we adding CFD?
In some cases, the use of CFDs is more profitable and convenient than trading the cryptocurrency itself. Its main advantage is a reduced requirement for trading capital.
How to trade CFD on BitXmi?
CFD is now available on BitXmi in the ETF section. Register or go to your account on the BitXmi cryptocurrency exchange. Click tab “Exchange” then choose the needed pair from the list of from the search bar.
Fill out a buy or sell order and wait for it to be completed.
Have good trading on BitXmi!
Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.