Cryptocurrency Q&A
How do you sell on Blofin?
How do you sell on Blofin?
CryptoKnight
Wed Sep 04 2024
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5 answers
855
Could you please elaborate on the process of selling on Blofin? Are there any specific steps that users need to follow to list their assets for sale? Additionally, what are the fees associated with selling on the platform, and how does Blofin ensure the security and safety of transactions for both buyers and sellers? Lastly, are there any limitations or restrictions on the types of assets that can be sold on Blofin?
5 answers
Daniele
Fri Sep 06 2024
With the margin mode and leverage multiple set, traders can then place an order by selecting [Limit Order] and entering the desired [Price] and [Amount]. To execute a short sell, they will click on [Short (Sell)], which indicates their intention to sell Bitcoin in anticipation of a price decrease.
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Riccardo
Fri Sep 06 2024
To initiate a futures trade on a cryptocurrency exchange, users must navigate to the [Futures] page. Upon entering this page, they will be presented with various trading options and tools.
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ShintoBlessing
Fri Sep 06 2024
One of the first steps is to select the desired currency pair, which can be done by clicking on the box labeled [BTCUSDT] located in the upper left corner of the screen. This currency pair represents the trading of Bitcoin against the US Dollar Tether.
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ZenHarmony
Fri Sep 06 2024
Next, traders must decide on their margin mode, choosing between [Cross Margin] and [Isolated Margin]. Cross Margin allows users to utilize their entire account balance as collateral, while Isolated Margin restricts the use of collateral to the specific trade.
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Elena
Fri Sep 06 2024
After selecting the margin mode, traders must determine the [Leverage Multiple], which represents the amount of borrowed funds they wish to use to amplify their potential profits or losses.
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