leverage trading | Bitcointalksearch.org

teosanru

hero member

Activity: 2100

Merit: 618

Quote from: david678345 on July 01, 2022, 10:25:11 AM

Hello I have about 4 dollars in litecoin in bitget and I wanted to move them to a stable currency as usdc and start doing trading with btc mainly but bitget does not let me..it tells me minimum 5 dollars.....

What options do I have to move those 4 dollars in litecoin to another currency without having to buy?
I did not want to buy at the moment because I want to make sure I follow the correct steps when buying anonymously (I got those 4 dollars as a gift).

The only option I can think of is to take a dollar of those 4 dollars that I have and make a leverage of x10 and try to make some more money trading with that x10....

would that be possible? or could you suggest another way I could turn that litecoin into another coin?

Best bet is to either put 1$ of your own in the exchange so you atleast have 5$ so that you can move it easily. The other way is obviously as you said to earn some bucks but this is highly risky, the way I am seeing this you really love this 4$ as well so trading will bring this to risk for once, you might lose all of it in just one go especially if you are doing this leverage trading so best is to put 1$ from your side and start doing normal spot trading.

famososMuertos

legendary

Activity: 1736

Merit: 2748

LE ☮︎ Halving es la purga

Quote from: david678345 on July 01, 2022, 10:25:11 AM

Hello I have about 4 dollars in litecoin in bitget and I wanted to move them to a stable currency as usdc and start doing trading with btc mainly but bitget does not let me..it tells me minimum 5 dollars.....

What options do I have to move those 4 dollars in litecoin to another currency without having to buy?
I did not want to buy at the moment because I want to make sure I follow the correct steps when buying anonymously (I got those 4 dollars as a gift).

The only option I can think of is to take a dollar of those 4 dollars that I have and make a leverage of x10 and try to make some more money trading with that x10....

would that be possible? or could you suggest another way I could turn that litecoin into another coin?

Gifts!, then it is understandable... maybe that is why it was a gift, with all the intention to encourage deposit.

But worst of all, you make it and then find out that the minimum USDC withdrawal is $100 and then? without forgetting that said usdc thing can cease to exist.

It's... another matter, but your situation is the typical confinement that some users suffer. In your case, believe me, it's totally intentional.

Anyway,, leave them there, you can come back in a few months? Years? but do not deposit unless it is your decision.

JeromeTash

legendary

Activity: 2100

Merit: 1208

Heisenberg

You are even lucky their minimum order size is $5, Most exchange have a minimum order size of 10$. If you are new to trading, do not do futures or margin trading. I repeat, do not do futures trading or else you will even lose those $4 of Litecoin you are keeping.

Just leave the Litecoin in there until it rises into value, then you can exchange it for any stablecoin

ChiBitCTy

legendary

Activity: 2240

Merit: 3002

Honestly if you’re worried about trading four dollars, do you think you should really be doing so? I’m not saying this to be rude so please don’t take it that way, but $4 dollars is a pretty small amount of money but if it’s a lot in your country, then maybe simply saving it in something more safe/secure would be a better idea? ( I’m a financial advisor so just trying to be helpful here ).

zasad@

legendary

Activity: 1736

Merit: 4270

Quote from: Oshosondy on July 01, 2022, 10:40:23 AM

Which exchange are you using to trade?

Leverage trading makes it possible to use a lower amount below minimum trading amount to trade once the amount you leverage to exceed the minimum trading amount.

This may be different from exchange to exchange, but this is how it works on all the exchanges I have used and that I am currently using.

He probably wrote about this exchange.
https://www.bitget.com/
This is a good exchange that does not require a mandatory know-your-customer procedure. Any trade with x10 leverage will ruin any trader.
__
You need more capital to trade, offer your services on the forum: translations, reviews, to earn 50-100 dollars to start.

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Quote from: david678345 on July 01, 2022, 10:25:11 AM

The only option I can think of is to take a dollar of those 4 dollars that I have and make a leverage of x10 and try to make some more money trading with that x10....

I thought you just said you weren't able to do that because the minimum trade is $5 (or do you not need a usd derivative to trade futures).

$4 isn't much to trade with either, have though thought about paper trading before this? (it probably won't take many trades before your account gets too low).

Oshosondy

legendary

Activity: 1414

Merit: 1118

...gambling responsibly. Do not be addicted.

Which exchange are you using to trade?

Leverage trading makes it possible to use a lower amount below minimum trading amount to trade once the amount you leverage to exceed the minimum trading amount.

This may be different from exchange to exchange, but this is how it works on all the exchanges I have used and that I am currently using.

david678345

jr. member

Activity: 84

Merit: 4

Hello I have about 4 dollars in litecoin in bitget and I wanted to move them to a stable currency as usdc and start doing trading with btc mainly but bitget does not let me..it tells me minimum 5 dollars.....

What options do I have to move those 4 dollars in litecoin to another currency without having to buy?
I did not want to buy at the moment because I want to make sure I follow the correct steps when buying anonymously (I got those 4 dollars as a gift).

The only option I can think of is to take a dollar of those 4 dollars that I have and make a leverage of x10 and try to make some more money trading with that x10....

would that be possible? or could you suggest another way I could turn that litecoin into another coin?

Topic: leverage trading (Read 173 times)