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Writer's pictureFahad H

BitSeven – Trade Bitcoin, ETH, LTC, and BCH at upto 100x leverage – BitMex Competitor?


Special because of BitSeven for sponsoring the video and setting me up an account to demo the platform.

Leverage buying and selling has develop into more and more fashionable, in my view attributable to the truth that you may lengthy or brief and we’ve got seen a number of draw back and volatility.

Overall, the platform is consumer pleasant and has a well-known really feel to it. They supply upto 100x leverage for BTC, and upto 35x for Ethereum, Litecoin, and Bitcoin Cash. This is the primary platform I’ve seen the place you leverage commerce pairs of their precise token quite than all the pieces in BTC.

Smaller exchanges can supply benefits resembling low cost on buying and selling charges and better fee in comparison with different exchanges.

There are a couple of options I wish to see added to the platform, resembling cease loses and customized leverage %. I personally would have a troublesome time leverage buying and selling with out cease losses, nevertheless most exchanges together with Binance launched with out them. I additionally wish to see extra customers and quantity to offer extra liquidity (which ought to happpen over time).

As all the time, be sure that to do your individual analysis earlier than choosing a platform or leverage buying and selling. Leverage buying and selling is extraordinarily dangerous even for essentially the most skilled merchants.

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