BingX`s New Copy-trading Subsidy Vouchers Will Allow Users To Recover Losses
26 Septembre 2022 - 7:33PM
NEWSBTC
BingX, the most popular social cryptocurrency exchange, has set a
record by becoming the first cryptocurrency exchange to integrate
copy trade subsidy vouchers. These are intended to reimburse
consumers for any losses they may sustain. Less competent traders
can use copy trading to automatically replicate positions created
and maintained by more active investors. According to their report,
BingX will cover any losses in the copy transaction as long as the
user enables the copy trading subsidy vouchers (within the
denomination of the card and coupon). This voucher acts as a safety
net, allowing users to join and exit positions with popular
currencies like BTC, ETH, MATIC, LUNC, OP, STG, PSG, ADA, SHIB,
DOGE, CHZ, and IDO without the worry of losing money. Users can
trade above their ability level, while more experienced traders
have the potential to earn additional profit by assisting copy
traders. BingX, the market’s most effective social trading
exchange, offers an extensive environment for traders and copiers
to congregate, communicate, and generate income. BingX is a social
cryptocurrency exchange that was founded in 2018. It presently
serves over 3 million users in over 100 countries and offers spot,
futures, and margin trading services. BingX offers its members a
secure, user-friendly, and open line of contact with the platform’s
professional crypto traders. BingX is continually evolving, and it
recently published a new version of its iOS and Android mobile
trading program. The most recent version features a new Standard
Futures functionality that allows you to see a trader’s current
position. How Does Copy Trading Work? Copy trading depends on
social networks and social trading platforms to function. When one
trader creates a position, they may transmit this information to
other traders on the network, whom can then select if they wish to
open the same position – or their algorithmic trading systems can
execute so without the trader’s participation. The primary trader
who broadcasts their positions often has knowledge of the
underlying market, however, the copy traders may lack experience in
this specific market or be completely new to the financial markets
as a whole. “Copy trading is our unique product offering, and we
are continually working to improve novices’ trading experience,”
stated Elvisco Carrington, PR and Communications Director at BingX.
“With the introduction of copy trade subsidy vouchers, new users
may readily experiment with trading techniques without risk. BingX
can retain its reputation of innovation by developing new solutions
that directly assist traders.” Deep Into BingX One of the primary
reasons BingX is getting all the attention is the slew of
extra-important features it offers. It essentially offers
everlasting contract trading as well as a variety of isolated and
cross-margin options. Derivative options on the platform include
digital assets as well as other financial products such as FOREX,
global indexes, and commodities. Speculative investors and traders
can access all of these instruments. However, with the surging
availability of digital trading platforms, selecting the best
cryptocurrency exchange might be a challenging feat. There are
several exchangers accessible on the market. Beginners can become
acquainted with the charting interface, platform features, trading
pairings, security, customer support, and fees that influence
exchange quality through a variety of aspects. BingX is giving back
to the community after obtaining regulatory licenses in Canada, the
United States, Lithuania, and Australia, as well as receiving the
highest grade for asset and trade security from CertiK. BingX
additionally updates new coin values on top of current popular
coins such as Bitcoin and Ethereum prices on a regular basis. It is
to be seen how the new copy trade subsidy coupon will work for
newbies and intermediate investors in the cryptocurrency exchange.
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