BYDFi
Trade wherever you are!
Buy Crypto
New
Markets
Trade
Derivatives
common-fire-img
BOT
Events

How can I use futures contracts to invest in digital currencies?

brodrigoJan 27, 2024 · a year ago1 answers

I'm interested in investing in digital currencies using futures contracts. Can you explain how futures contracts work and how I can use them to invest in digital currencies?

1 answers

  • Moesgaard ParrishNov 06, 2020 · 5 years ago
    Using futures contracts to invest in digital currencies can be a great way to diversify your investment portfolio. By trading futures contracts, you can take advantage of price movements in digital currencies without actually owning the underlying assets. To get started, you'll need to find a reputable futures exchange that offers digital currency futures contracts. Once you have an account, you can trade these contracts by going long (buying) or going short (selling) digital currencies. It's important to note that futures trading is a highly speculative activity and carries a significant level of risk. Make sure to do your research, set clear investment goals, and only invest what you can afford to lose.

Top Picks