The main secret crypto exchange BitSeven I use.
240 hours can be held open position with the possibility of infinite extension. To do this, it is enough to buy a position in the same direction with a minimum lot before the expiration of the forced closure. For example - commissions for 100X BTC will be 0.15% of the position size. And it will be removed when you close the position. There are no additional fees for holding a position at the exchange. In my opinion, this exchange is ideal for those who plan to hold their positions for 10 or more days and is not engaged in scalping and intradrey". Ideal for hedging, especially if you are mining cryptocurrencies on a large scale.
On the stock exchange BitSeven available for trade BTC/USD, ETH/USD, LTC/USD, XRP/USD.
Maximum leverage - BTC up to 100X/ ETH up to 50X /LTC up to 40X / XRP up to 30X.
Advantage
1) You are trading the price of the index, not the futures contract. Respectively
- the spread is stable, manipulations are excluded, you can enter the market with a large position at one price (the data in the glass is fake according to my observations). The price index is formed from the weighted average price quotes are taken from the crypto-exchange Binance, Polonex, Coinbase.
2) The spread Value of a stable
BTC – 0,5$ / ETH - 0,05$/ LTC – 0,01$/ XRP – 0,001$
3) The maximum Limit of funds to open a position to use shoulder MAX and MIN
BTC - 50 and 0,001 / ETH - 500 and 0,01 / LTC - 2000 and 0,1 / XRP - 200 000 and 1
4) You can open a bidirectional position and earn on any price movement.
5) The best conditions for trading if you mainly buy on the market, work on the breakdown, trade on the news.
Disadvantages
1. There are no stop loss and take profit orders. Only limit and market. This scares away most of the novice traders. Traders of the old school will remember their youth) This disadvantage can be partially compensated by the built-in system of automatic elimination of losses. The position will be forcibly closed if the calculated PNL is greater than (- 70%). In this case, you will lose another 15% on the Commission at 100X BTC. In total, your balance is about 15% of the size of your own funds that you opened a position. Alternatively to close the position if you are at the computer. Now as for take profit, there are two options to close the position yourself. Alternatively, enable function. Auto sales 100, 200, 300 % and the position is closed itself as the conditions are met. No cross-margin. For each open position margin is calculated separately. Accordingly, you only risk rate for each individual item, not the whole account. Can averaged and change the size of the shoulder, thereby pushing the total elimination of positions if necessary.
2. No partial closing of the position.
3. Deposits only in BTC
4. High Commission, there is no point here to engage in scalping.
Conclusion - the exchange BitSeven very good to work with leverage in the long term, here are the best conditions for long distance, only for this reason I trade here. I strongly advise you not to do intraday or scalping trading on the exchange BitSeven if you do not want to lose money. Suggest you carefully study the size of the fee and the terms of trade before beginning to trade on any exchange. For scalping, I use Bitmex or Primexbt if you hold less than 8 hours. The Commission you will pay less than BitSeven.
I wish you all profit, trade wisely!
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