BTCMex is a crypto derivatives exchange that started operating in late 2019. They already boast a turnover in excess of $50M.
What are derivatives?
A derivative is a financial security with a value that is reliant upon or derived from, an underlying asset or group of assets—a benchmark. The derivative itself is a contract between two or more parties, and the derivative derives its price from fluctuations in the underlying asset.
Source: Investopedia
Examples of derivatives are
- Futures: where Party A contracts to buy/sell something at a future date at a fixed price.
- Options: Party A purchases an Option to buy something at a future date. At the prescribed date Party A can purchase or not. If party A decides not to pur Jase they forfeit the money paid to purchase the options.
BTCMEX has a sign up campaign where you can get up to a $120 bonus.
1st you need to register, login and then follow them on Twitter and retweet their pinned post with a comment which contains your affiliate code.
2nd an initial deposit of at least .001 BTC will get you a $50 bonus
3rd If your total deposit is more than .003 BTC you will receive an additional $60.
They also have an affiliate program where you can earn lifetime commissions on those who sign up using your affiliate link. Commissions are up to 60%.
This all sounds great but beware - Derivatives is a highly risky form of investment. It's a lot more like gambling than investing. Also, they offer you margin trades - a margin trade is where you use some of your money and they allow you to trade multiple times that value. For example, you put in $100, they allow you to buy $500 worth of derivatives. The upside is you can make a lot of money - the downside is you can lose a lot more than you invested!
Get your code for a $10 Ignition Trading Bonus at https://btcmex.com/bonus/ (my code: mmXb1BJ9)
If you're not already using the Brave Browser (and earning BAT) click here.
