Is BCTEX cheaper than Binance
The exchange platform team claims to create a metaverse world based on Musk’s SpaceX on the platform. According to their whitepaper, they wish to make the idea of colonizing Mars inspired by Elon Musk come to life with their unique creation on the platform..
One of the crucial features of BCTEX is margin trading, which allows platform clients to trade with leverage of up to 2.5X. BCTEX Futures offers leverage on all of the Futures products, with leverage up to 100X. Loans at a certain percentage are also available..
BCTEX Inc. was founded in 2022 as a crypto payments processor. The company develops products for both business use cases and individual use cases. The wallet was developed in 2022 on the Copay platform as a non-custodial HD wallet for crypto assets. BCTEX is based in Colorado. Competitors include Trust Wallet and Coinomi, among others.11. Is BCTEX cheaper than Binance?.
🚀 Minimum deposit: .Low transaction fees.
Most crypto traders feel that desktop give the best conditions for their trading. The computer has a bigger screen, and on bigger screens, more of the crucial information that most traders base their trading decisions on can be viewed at the same time. The trading chart will also be easier to display..
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It is a registered and licensed crypto exchange
👍 Advantages of trading with BCTEX:👍 Advantages of trading with BCTEX
The BCTEX exchange is intended to help newly launched projects enter the crypto market and contribute to its development and growth. We want projects presented on the exchange to give impetus to its development and contribute to trust enhancement to the cryptocurrency. This prompts us to search for reliable partners, among which there is Cointelegraph, which has become the largest one today.Educational resources. BCTEX Global features tutorials, trading ideas and analysis under its “Learn” tab.
For instance, let’s say that you have 100 USD in your trading account and you bet this amount on BTC going long (i.e., going up in value). If BTC then increases in value with 10%, you would have earned 10 USD. If you had used 100x leverage, your initial 100 USD position becomes a 10,000 USD position so you instead earn an extra 1,000 USD (990 USD more than if you had not leveraged your deal). However, the more leverage you use, the smaller the distance to your liquidation price becomes. This means that if the price of BTC moves in the opposite direction (goes down for this example), then it only needs to go down a very small percentage for you to lose the entire 100 USD you started with. Again, the more leverage you use, the smaller the opposite price movement needs to be for you to lose your investment. So, as you might imagine, the balance between risk and reward in leveraged deals is quite fine-tuned (there are no risk free profits).
👎 Disadvantages of BCTEX: