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How to Leverage Trade Crypto in Australia

The FTX exchange provides the most convenient way of trading cryptocurrencies with a multiplier of as high as 20x. With over 200 cryptocurrency options, FTX offers you the flexibility to trade both the Leverage Spot and Perpetual contracts.

What is Leverage Trading in Crypto?
Leverage trading means you’ve got the option of borrowing money from the crypto exchanges as a trader. It’s an advantage that enables you to expand your trade size.

For example, say you’ve got Bitcoin with $1,000 and wish to open a 10X Long Position on it. In this case, you’ll be working with a total position size of $10,000.

At this point, you run the risk of liquidation should Bitcoin value drop by 10%. Consequently, you would have lost your entire investment of $1,000.
How Do I Leverage Trade Crypto in Australia?
FTX is quickly becoming Australia’s most preferred cryptocurrency exchange due to its convenience in trading digital assets. Some of the benefits you get for choosing FTX include low fees, user-friendly interface, variety of coins and highly performance exchange.

With the below typical FTX guide, you should start trading soon.
1. Create an FTX Australian Account
Open an FTX personal or company account from their platform. It’s a straightforward process that won’t even require you to submit KYC information. However, if you’ve got the intention of withdrawing over $1,000 daily, you’ll have to submit this information.
2. Deposit Funds (AUD)
From the navigation menu, click the “WALLET” button. Next, find the “AUD” option and select “deposit.”: you can deposit either using a bank transfer or Osko/PayID.

The Osko/PayID option is the best as it allows instant transfers after the first transaction, held for 24 hours.
3. Choose Your Leverage And Start Trading
Before you can start trading, you’ll need to choose your preferred leverage, which will be indicated in a red circle.
Why Trade with Leverage?
Trading with the leverage of futures contracts allows you to hedge price risk. For instance, say you’re holding 100 Bitcoin and wish to evade the expected near-term volatility.

In this case, all you need to do is open up a Bitcoin short. Doing so makes it possible for you to make more money. Once you’ve got the money, you can now comfortably use the same revenue to buy more Bitcoins at a cheaper price point.

The other reason why leverage works well is that of price speculation. As a Leverage trader, you can trade with large sizes, meaning you stand a chance of making huge profits in bull markets.

However, this bold move is recommended only if you’re a bold and confident trader, which comes with experience.
Why Should I Choose FTX?
There are many reasons why FTX, founded by Sam Bankman-Fried, is a fast-growing digital trading platform.

First, Sam is a reputable trader with tremendous experience in the forex trading industry.

Secondly, the platform is safe as the relevant Australian authorities regulate it. This advantage is a massive plus as it’s easy to onboard from Australian dollars.

Despite its effectiveness and convenience, the platform is cheaper than most of its competitors. Many platforms charge 0.1% for a single trade, whereas FTX charges a low 0.02% for a single transaction.

What’s more, if you’re a beginner, you can take advantage of the user-friendly interface to launch your digital trading venture. The interface encourages trading and not merely learning how to use the platform.

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