FAQ: Bitcoin trading

Why you should trade Bitcoin?

Bitcoin is among the most interesting assets on the market. It’s price evolves in a rapid manner. People are striving to buy or to mine Cryptocurrencies. Both ways are complicated and expensive. The Libertex platform offers a cost-efficient way for carrying out Bitcoin trading. You can trade on both growth and surging of the Bitcoin quotation.

How to trade Bitcoin via Libertex?

Choose Bitcoin from a list of instruments. Adjust the chart. You can choose different images for the appearance of graphs, depending on your preferences. Analyze the price trend. Do you have the impression that the price will grow? Submit a buy trade. Do you think the price will slump? Open a sell order.

How to understand in which direction the price will go?

There is no 100% sure way to understand the price direction, yet there are some tips. There is a traders’ assessment chart available right on the screen together with the Bitcoin chart. You can go with the crowd, or against it. This might help to make a decision.

How to open a trade?

After choosing a direction click the BUY or SELL button depending on your prediction. Then you will see the advanced settings for your trade. Set up the amount of your trade, a Multiplier factor, and make a trade. That’s it. Don’t forget to close it after you’ve reached your desired profit level.

What is a Multiplier?

A multiplier is an increase of your trading volume. Imagine you open a trade with €10 and a 5x multiplier. Though your investment is €10, your trade volume is 5 times higher, i.e. €50.

How to decrease risks?

We offer tools, such as, Stop Loss and Take Profit to decrease your trading risks. You can set up these parameters right on the Trade Screen. Both of these tools close your trades automatically on the level you set up. Define how much you want to risk and set a Stop Loss at this level.

How to withdraw funds?

Go to the Wallet Tab, and click the "Withdraw Funds" button. Then indicate a preferable payment method: Credit card, wire transfer or Skrill. Submit a withdrawal request, and you will receive your money in 24 hours.