A short position is a directional trading or investment strategy where the trader sells cryptocurrencies in the open market. When you short a cryptocurrency you are expecting for the price to go down instead of up, shorting a cryptocurrency is basically betting against the cryptocurrency. There are several different ways that traders can go short with cryptocurrencies. The easiest way to go short on different coins is to sell cryptocurrency at a price you feel comfortable at, wait until the price drops, and buy that cryptocurrency again. There is a correlation between the price movements of cryptocurrencies and they move in tandem very often. Traders can also go short with cryptocurrencies by using a cryptocurrency margin trading platform. This is a very risky method that requires lots of experience and knowledge because margin trading can generate much larger losses than traditional trading. Short term traders should always use “stop-loss” and “take profit” orders when they are opening their positions (the risk is extremely high). You can find several platforms available on the market that offers to trade the most popular cryptocurrencies out there on the short or long side. Some other ways to short cryptocurrencies include options contracts, futures contracts and binary options. These contracts allow buying a cryptocurrency at a future date and a fixed price. Binary options are a simple way to trade price fluctuations but this is trading with a very high risk because you will lose everything if you are incorrect. Binary options allow traders to place a bet that the value of some cryptocurrency will be lower, usually measured in hours with the end of that day.
Choose a secure Cryptocurrency exchange or Broker to deposit your funds or coins
Crypto exchanges usually support a variety of payment methods for customers to buy or deposit, including bank transfers, credit cards, debit cards, and bank wires. On the other side, some crypto exchanges do not accept deposits in fiat currencies such as US Dollars, Euro, and Yen. In this case, a deposit can only be made via cryptocurrencies. One of the disadvantages of trading cryptocurrencies through exchanges is that the security of your funds is not as high. Some exchanges are not under direct regulation by any agency and deposits are usually more complicated when compared to most brokers. Major cryptocurrency exchanges are relatively secure ways to store your coins but it’s typically not advised for large amounts and for the longer time periods. Brokers also accept deposit via credit card, debit card, PayPal, Skrill and bank transfer. The payment methods vary and depend on the conditions of each broker. In the most case, all client funds are held in segregated client bank accounts and they are not at risk in case of bankruptcy. On the payment methods page of each broker or exchange, clients can find all important information about deposits. When choosing the cryptocurrency exchange or broker to deposit your funds or coins, always check history and reviews to make sure their performance and security are consistent. Secure brokers and exchanges that are trustworthy and have good user ratings will rank higher than their peers.
Depositing with BTC at these brokers
Surprisingly there are not many brokers where you can both deposit with BTC and go short. Kraken is the only exception and your only choice when you resist to deposit using fiat. There surely will be more brokers in the future but at the time there’s not much more on the market.
When it comes to fiat there are many options and all the brokers are pretty much mixed. Except for instant wire that is supported with every broker. Kraken offers a very limited choice while you have almost all available options at the other brokers like credit cards, Paypal, Neteller and such.
Fiat currencies to manage your trading account
This is also very mixed except for USD which is available at all brokers. All other currencies are not available at every broker while EUR and GBP are still quite popular (only not available at eToro). With AUD, CAD and CHF your choices are very limited I’m afraid.SELECT distinct brands.project_id as id FROM brands JOIN sites_brands sb ON brands.id=sb.brand_id JOIN sites s ON brands.project_id=s.project_id WHERE s.title="cointradors.com" ORDER BY `brands`.`id` ASC