It uses BitCNY as its foundation currency, similar to how Western crypto exchanges use a tether.BCTEX also utilizes Tether, but BitCNY stands out since it is a digital currency whose value is tied to China’s national currency. On Western exchanges, BitCNY is practically never seen..

👎 Disadvantages of BCTEX:2. the exchange does not provide demo accounts or training guides;.

BCTEX is the most secure Canada and Singapore crypto exchange platform that supports exchanges of Bitcoin, Litecoin, and Ethereum with fiat currencies Singapore Dollars (SGD) and Canadian Dollars (CAD).6. advantageous referral program, through which you can receive up to 40% of the commissions of invited users..

BCTEX Restricted Countries.fixed taker/maker fee does not depend on the activity of the trader, the indicator is average for the market;.

BCTEX.comFor instance, let’s say that you have 100 USD in your trading account and you bet this amount on BTC going long (i.e., going up in value). If BTC then increases in value with 10%, you would have earned 10 USD. If you had used 100x leverage, your initial 100 USD position becomes a 10,000 USD position so you instead earn an extra 1,000 USD (990 USD more than if you had not leveraged your deal). However, the more leverage you use, the smaller the distance to your liquidation price becomes. This means that if the price of BTC moves in the opposite direction (goes down for this example), then it only needs to go down a very small percentage for you to lose the entire 100 USD you started with. Again, the more leverage you use, the smaller the opposite price movement needs to be for you to lose your investment. So, as you might imagine, the balance between risk and reward in leveraged deals is quite fine-tuned (there are no risk free profits)..

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