Topic: shorting coin (Read 221 times)
There are lot of exchanges where we can place a short trade and make profit. We can take a short position in future market. Or if we want to make money in spot from short positions. We can buy built in leverage tokens that are 3X short or 3X long position tokens. That are available in spot trading .
Some coins are still more interesting to take in long. This might be a better solution.
The idea driving shorting is to purchase Bitcoin or some other crypto at an exorbitant cost and afterward repurchase it at a lower cost.
Typically most merchants incline toward purchasing crypto at a lower cost and selling it at a more exorbitant cost. Yet, with regards to short you simply have to do the inverse.
To get into a short position, you should acquire digital currencies and sell them on a trade at the current value Then you should purchase the cryptographic money sometime in the future and reimburse the capital you have acquired In case the value drops when it's an ideal opportunity to reimburse your capital you benefit from the contrast among selling and purchasing cost.
Typically most merchants incline toward purchasing crypto at a lower cost and selling it at a more exorbitant cost. Yet, with regards to short you simply have to do the inverse.
To get into a short position, you should acquire digital currencies and sell them on a trade at the current value Then you should purchase the cryptographic money sometime in the future and reimburse the capital you have acquired In case the value drops when it's an ideal opportunity to reimburse your capital you benefit from the contrast among selling and purchasing cost.
To get into a short position, you will need to borrow cryptocurrencies and sell them on an exchange at the current price. Then you will need to buy the cryptocurrency at a later date and repay the capital you have borrowed.Margin trading is no longer available on Coinbase but you can start short selling without leverage using futures contracts. So once you have signed up for an account, identify a downward trend on one of the dozens of coins available and then take your position.
That's no easy in reality of how we're going to trade coins in a short term strategy, because when downward trend occurs it hard to decide if you don't have exact buying power. My advice to newbies and ongoing traders, doing cost averaging would be effective in order to maintain your strong foundation once there's a pump or possible dump. If you got the basic skills, I think losing can be minimized.
To get into a short position, you will need to borrow cryptocurrencies and sell them on an exchange at the current price. Then you will need to buy the cryptocurrency at a later date and repay the capital you have borrowed.Margin trading is no longer available on Coinbase but you can start short selling without leverage using futures contracts. So once you have signed up for an account, identify a downward trend on one of the dozens of coins available and then take your position.
That's no easy in reality of how we're going to trade coins in a short term strategy, because when downward trend occurs it hard to decide if you don't have exact buying power. My advice to newbies and ongoing traders, doing cost averaging would be effective in order to maintain your strong foundation once there's a pump or possible dump. If you got the basic skills, I think losing can be minimized.
To get into a short position, you will need to borrow cryptocurrencies and sell them on an exchange at the current price. Then you will need to buy the cryptocurrency at a later date and repay the capital you have borrowed.Margin trading is no longer available on Coinbase but you can start short selling without leverage using futures contracts. So once you have signed up for an account, identify a downward trend on one of the dozens of coins available and then take your position.
I think the only way to short cryptos in the US is by margin trading or futures trading (both I know are available on Kucoin), but both of these are extremely risky and not a good option for beginners. If you margin trade and you're wrong, you'll get liquidated which means you will lose your entire account.
Are you sure you can trade futures on Kucoin without undergoing KYC verification?I'm a newbie so why do people want to avoid KYC? is it to avoid taxes or to avoid the lengthy vetting/approval processes that people who can't wait will go crazy about? because i'm fine giving an exchange my personal information if that's what it takes to short coin, even if i have to pay taxes on my capital gains
The reason people are probably suggesting No KYC exchanges is because you are a US citizen. Most of the platforms have banned US customers from trading crypto derivatives.So you have a chance of trading the crypto derivatives if the exchange does not enforce KYC verification yet.
I don't know if there are many for it but coindcx might be an exchange to look at for that (not sure how trustworthy they are but I don't think they kyc anyone either).
There might be some decentralised exchanges too you could take a look at (also make sure they have enough liquidity).
It is really hard to find an exchange these days where no KYC is required, especially for people from restricted countries. There might be some decentralised exchanges too you could take a look at (also make sure they have enough liquidity).
DEXs are a good place to start but then these have their own limitations with no enough liquidity, massive spread and what not.
So make sure you check these out first before setting up on any of these, and of course depending on which chains you're operating you have different DEX options. Like for BSC you got poocoin, pancake, etc while for AVAX chain you have pangolin and trader joe
I'm a newbie so why do people want to avoid KYC? is it to avoid taxes or to avoid the lengthy vetting/approval processes that people who can't wait will go crazy about? because i'm fine giving an exchange my personal information if that's what it takes to short coin, even if i have to pay taxes on my capital gains
I think the only way to short cryptos in the US is by margin trading or futures trading (both I know are available on Kucoin), but both of these are extremely risky and not a good option for beginners. If you margin trade and you're wrong, you'll get liquidated which means you will lose your entire account.
so margin trading is similar to leveraging?
and can't you just put a order to get rid of the coin if it increases up to a certain amount (so it works like a safety valve), which was in my original statement " if it hits 1.22 i get rid of it thus minimizing my loss to only 3 cents."
I think the only way to short cryptos in the US is by margin trading or futures trading (both I know are available on Kucoin), but both of these are extremely risky and not a good option for beginners. If you margin trade and you're wrong, you'll get liquidated which means you will lose your entire account.
I don't know if there are many for it but coindcx might be an exchange to look at for that (not sure how trustworthy they are but I don't think they kyc anyone either).
There might be some decentralised exchanges too you could take a look at (also make sure they have enough liquidity).
It is really hard to find an exchange these days where no KYC is required, especially for people from restricted countries. There might be some decentralised exchanges too you could take a look at (also make sure they have enough liquidity).
DEXs are a good place to start but then these have their own limitations with no enough liquidity, massive spread and what not.
So make sure you check these out first before setting up on any of these, and of course depending on which chains you're operating you have different DEX options. Like for BSC you got poocoin, pancake, etc while for AVAX chain you have pangolin and trader joe
In my own view of opinion, you can only do this if you are using Future trading, and there are some of the exchange that has a future Trading like Binance exchange, but you need to pass KYC first before you can apply this matter dude. And you can check at the google in which of the exchange platform that has a future trading.
US do not support binance.com, that is why CZ have US based one called binance.us, I remember US citizens are not allowed to trade future on binance.com before, this mean it is possible they can not trade future on any exchange too. But there are many exchanges that support future trading, especially the exchanges with the highest trading volume like binance, huobi, ftx and bhex (hbtc not hitbtc that only have margin), but not allowing US citizens to. 
(.....)
FTX Exchange got FTX US (https://ftx.us/) for U.S. citizens. You can trade spot or futures market here where you can short the market, you will earn profits once the coin you shorted will drop.If you are into CEX then try to use FTX exchange, they advance feature for contract trading that will give you a full control to your trading strategy.
Not for the US Citizens, though.There is also Binance.us (https://www.binance.us/), a good alternative for FTX Exchange too. But make sure you read their TOS to avoid having problem once you already funded your account.
If you are from the US then forget about it. There is no centralized exchange that offers derivatives trading to US customers, or else they fall in trouble with Commodity Futures Trading Commission.
In my own view of opinion, you can only do this if you are using Future trading, and there are some of the exchange that has a future Trading like Binance exchange, but you need to pass KYC first before you can apply this matter dude. And you can check at the google in which of the exchange platform that has a future trading.
The guy says he's from the US. Binance banned futures trading for US citizensIf you are into CEX then try to use FTX exchange, they advance feature for contract trading that will give you a full control to your trading strategy.
Not for the US Citizens, though. 
any exchanges for u.s. customer where one can short a coin on cb pro? ex: coin A is currently at $1.20. put an order to get the coin at $1.19 if it drops to $1.10 then i get rid of it, make 9 cents profit. if it hits 1.22 i get rid of it thus minimizing my loss to only 3 cents.
I think if I'm not wrong that is margin trading right? By executing of borrow and repay. I don't have enough idea on this because I never try but I think to watch this video from Binance they are offering on the feature that you're looking for.
It might be good if the exchange also allows using an automated trading bot for this because it's quite risky if you don't monitor the market well, but in an auto trading bot, it will work on your behalf even though you're away from keyboard (AFK). The most suggested by members is Gunbot.
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any exchanges for u.s. customer where one can short a coin on cb pro? ex: coin A is currently at $1.20. put an order to get the coin at $1.19 if it drops to $1.10 then i get rid of it, make 9 cents profit. if it hits 1.22 i get rid of it thus minimizing my loss to only 3 cents.
Try Beta Finance, It's a decentralised app that let user borrow or short cryptocurrency. Since it's a dapp, You can use it even if you are on US since it didn't requires KYC. I still didn't know the full feature of it's shorting but it might save you to avoid KYC. The only problem was it has a limited pool of tokens that you can short right now but still worth since it will give you freedom for your privacy.
If you are into CEX then try to use FTX exchange, they advance feature for contract trading that will give you a full control to your trading strategy.
I don't know in particular about cryptocurrency exchange platforms accepting shorting(probably the big ones are offering such service),but eToro was offering "contracts for a difference" or CFDs,which seems similar to futures trading.CFDs are banned in the USA for some reason.
You and the broker bet on a coin that is worth 1USD.If the coin price pumps to 1,30USD you make 0,30USD profit.
If the coin price drops below 1 dollar to 0,70USD,you lose 0,30 cents and the broker takes that as profit.
I wouldn't recommend eToro and I don't know about eToro still allowing cryptocurrency CFDs.
I haven't used eToro for years.
You and the broker bet on a coin that is worth 1USD.If the coin price pumps to 1,30USD you make 0,30USD profit.
If the coin price drops below 1 dollar to 0,70USD,you lose 0,30 cents and the broker takes that as profit.
I wouldn't recommend eToro and I don't know about eToro still allowing cryptocurrency CFDs.
I haven't used eToro for years.
any exchanges for u.s. customer where one can short a coin on cb pro? ex: coin A is currently at $1.20. put an order to get the coin at $1.19 if it drops to $1.10 then i get rid of it, make 9 cents profit. if it hits 1.22 i get rid of it thus minimizing my loss to only 3 cents.
In my own view of opinion, you can only do this if you are using Future trading, and there are some of the exchange that has a future Trading like Binance exchange, but you need to pass KYC first before you can apply this matter dude. And you can check at the google in which of the exchange platform that has a future trading.
On binance you can do shorting using future but they required kyc, and i guess there's a liquidation as well which not good for beginners. If i were make research first how to handle it. Btw what coin do you want to trade? Because i tried to search cb pro through trading view but nothing pops up.
Ps: yeah mate that's what shorting is.. Sell high and buy at the bottom , must set stop loss always to minimize your losses. Good luck to your plans.
Ps: yeah mate that's what shorting is.. Sell high and buy at the bottom , must set stop loss always to minimize your losses. Good luck to your plans.
I don't know if there are many for it but coindcx might be an exchange to look at for that (not sure how trustworthy they are but I don't think they kyc anyone either).
There might be some decentralised exchanges too you could take a look at (also make sure they have enough liquidity).
You could also try to learn how to trade basically as that is better than gambling it and might not take too long - just don't risk more than you're comfortable (and start tiny).
There might be some decentralised exchanges too you could take a look at (also make sure they have enough liquidity).
You could also try to learn how to trade basically as that is better than gambling it and might not take too long - just don't risk more than you're comfortable (and start tiny).
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