Due to a large number of requests from the community, the crypto exchange Bithoven is launching its new Margin Trading service for traders on its platform. The information was released a few days ago by the exchange and it’s aimed at offering better services to users.
Please Note: This is a Press Release
Bithoven Launches Margin Trading Services
In order to be at the forefront of the market, the cryptocurrency exchange Bithoven decided to launch Margin Trading for individuals in the platform. The goal is to continue offering innovative solutions to users that trade using the Bithoven platform.
It is worth mentioning that with the latest MetaTrader 5, traders will have the possibility to access a large number of charts, timeframes, market depth and more. This is expected to make things easier for those searching the necessary tools to improve their performance while dealing with digital assets.
With the new margin trading services, users will have the possibility to buy and sell digital currencies with a larger capital than what they have on their accounts. This could help them increase their profits if they make the right call. Although margin trading is a very useful tool, it includes a higher risk for traders.
The exchange is also offering a free demo margin trading service that would help traders understand how this new feature works. In addition to it, they would be able to understand which is their best margin trading strategy without putting their funds at risk.
Bithoven is currently offering margin trading services with leverage up to 1:20. That means that users would be able to deposit 0.1 BTC and trade with 2 BTC. Additionally, users would also be able to use trading robots/expert advisors to make crypto trading more fluent and also scalable. With these new tools and the MetaTrader 5, individuals at the exchange will have a much more professional experience while dealing with virtual currencies through the Bithoven exchange.
Margin trading services is going to be available for many different trading pairs at the exchange, including BTC/USD, ETH/USD, BCH/USD, LTC/USD, XMR/USD, EOS/USD, DASH/USD, ZEC/USD, BCH/BTC, DASH/BTC, ETH/BTC, XMR/BTC and finally, ZEC/BTC.
Furthermore, the new services are not only implemented on the web version of the exchange. Desktop and mobile users are also able to trade with margin, allowing them to use their most convenient device to trade digital assets. The exchange is also offering a customer service that is available every single day of the week 24 hours. In a cryptocurrency market in which exchanges do not have good customer support, these services are very valuable for traders that need to have answered their questions and inquiries at all times.
Finally, the exchange does not have maximum trading limits for the new margin trading feature. However, they also warn users that trading with leverage is risky and that every trader assumes all risks involved in this activity.
The margin trading services are not available for residents in the United States.