Trading bitcoin with big leverage (1:10 - 1:500) (preferrably UK)

TheQuin

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Quote from: D2R2 on November 06, 2017, 06:48:48 AM

IG.com has very big spread 20 dollars .
i know bitmex has not with 1:100 but PL calculated on the moving average line ,not market

I don't use spread betting and CFDs very often for that very reason. I was just suggesting comparing the financing costs with IG because they are a proper brokerage and that should give a good feel for what the rate should be. If you're looking for a medium to long-term swing trade as the OP is then a bit of extra cost in the spread could easily be outweighed by financing costs. If you're looking for day trading then really I would recommend staying away from all spread betting and CFD's as the spread cost will kill your profit compared to paying commissions on an exchange.

At the end of last week, the Chicago Mercantile Exchange (CME) announced that they plan to introduce a Bitcoin futures contract at the end of this year or early next year. It is still dependant on regulatory approval but if they get it and you're a day trader this will definitely be the best way to go.

D2R2

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Quote from: TheQuin on November 06, 2017, 05:06:22 AM

Quote from: nikita987 on November 05, 2017, 08:18:45 PM

Hello, searching where could I trade bitcoins with big leverage. I found plus500 which does bitcoin cfd trading with 1:30 leverage, however it charges premium for every day so its really expensive.

Ideally what i wanna do is buy bitcoins with big leverage (>= 1:100) and store them for long time and pay as small fee as possible. Any options here? Ideal platform would have big leverage, small to none premium, no trade expiry date, thanks

At the moment I think that 30:1 is probably the biggest margin available. If you want to hold for a long time then the fees will always add up because you are borrowing the largest part of your trading capital. I didn't look at plus500 to see what their fees are but I'd suggest comparing them to https://www.ig.com/uk as they are one of the big established CFD and spread betting providers. You'll get an idea from that whether plus500 is overcharging or it's just the going rate. They only offer 8:1 margin on Bitcoin as margin requirements are always set based on the volatility of the underlying product. So the S&P 500 is at 200:1 and crude oil at 66:1 because oil is more volatile, Bitcoin is obviously far more volatile than either. This is calculated a level that protects the provider from a sudden spike that could leave accounts with negative balances they would be unlikely to recover from their clients.

IG.com has very big spread 20 dollars .
i know bitmex has not with 1:100 but PL calculated on the moving average line ,not market

TheQuin

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Quote from: nikita987 on November 05, 2017, 08:18:45 PM

Hello, searching where could I trade bitcoins with big leverage. I found plus500 which does bitcoin cfd trading with 1:30 leverage, however it charges premium for every day so its really expensive.

Ideally what i wanna do is buy bitcoins with big leverage (>= 1:100) and store them for long time and pay as small fee as possible. Any options here? Ideal platform would have big leverage, small to none premium, no trade expiry date, thanks

At the moment I think that 30:1 is probably the biggest margin available. If you want to hold for a long time then the fees will always add up because you are borrowing the largest part of your trading capital. I didn't look at plus500 to see what their fees are but I'd suggest comparing them to https://www.ig.com/uk as they are one of the big established CFD and spread betting providers. You'll get an idea from that whether plus500 is overcharging or it's just the going rate. They only offer 8:1 margin on Bitcoin as margin requirements are always set based on the volatility of the underlying product. So the S&P 500 is at 200:1 and crude oil at 66:1 because oil is more volatile, Bitcoin is obviously far more volatile than either. This is calculated a level that protects the provider from a sudden spike that could leave accounts with negative balances they would be unlikely to recover from their clients.

Beerwizzard

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Quote

Trading bitcoin with big leverage (1:10 - 1:500) (preferrably UK)

Such leverage won't have just a high price, thats gona be super expensive. Also I'm pretty sure that no one will give a high leverage in Bitcoins for a long term (unless you have a huge amount of money on your account simply to give some insurance to your lender). I also imagine someone shorting with such leverage when the price is dropping down by 100$ in a moment.

HabBear

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What assets do you have to pledge against the "big leverage" you seek?

What happens if you lose. How does your sponsor collect on you?

Bitcoin is a bit funny when it comes to lending, there's little room for recourse unless the borrower's full identity is disclosed. Are you ready for that?

Quote from: TheRomanLegion_ on November 05, 2017, 08:39:01 PM

Jesus Christ... This is where the bubble is going to pop.

A step closer for sure, but we'll have jumped the shark when my mother asks how she can buy some bitcoin.

no0dlepunk

sr. member

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What the hell is this? ha ha. Why don't you just put your bitcoins in lending wallet and let it grow for some time. At least you won't be wasting it's potential while HODLing it. Try lending your bitcoins in Poloniex and tell us how much bitcoins you earned in 2 months.

jklaw

newbie

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Merit: 0

well if you find a place be sure to post it because they wont be in business long. Who in their right mind would let you deposit 7k and give you 700k worth of bitcoin so you can sit on it forever with no fees and no payback date???

TheRomanLegion_

member

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Merit: 11

Jesus Christ... This is where the bubble is going to pop.

nikita987

newbie

Activity: 1

Merit: 0

Hello, searching where could I trade bitcoins with big leverage. I found plus500 which does bitcoin cfd trading with 1:30 leverage, however it charges premium for every day so its really expensive.

Ideally what i wanna do is buy bitcoins with big leverage (>= 1:100) and store them for long time and pay as small fee as possible. Any options here? Ideal platform would have big leverage, small to none premium, no trade expiry date, thanks

Topic: Trading bitcoin with big leverage (1:10 - 1:500) (preferrably UK) (Read 290 times)