How can I deposit & withdraw?
On CryptoX100 you can only deposit and withdraw using Bitcoin. Deposits require two network confirmations, and this usually takes between 10-40 minutes. Be sure to double check your deposit and withdraw addresses to prevent any mistakes, since all payments are irreversible.
My Bitcoin deposit is taking extremely long!
It usually takes 10-30 minutes (2 network confirmations) until a Bitcoin transaction is credited to your CryptoX100 account. However, it is possible that transactions are not confirmed by the Bitcoin network for a long time (in extreme cases, never). At CryptoX100, we have absolutely no control over the time it takes for transactions getting confirmed; please contact the operator of your Bitcoin wallet or configure your wallet-software properly, if you experience delays.
What are long and short?
When trading, you have two options: Going long or going short. When you take a "long" position, you will profit from the price increasing from your entry price. When you take a "short", you will profit from the price decreasing from your entry price.
What is leverage?
Leverage is a technique to multiply gains and losses. It involves buying more of an asset by using borrowed funds. High leverages, however, can increase both profits and losses dramatically and can also be used to reduce counterparty risks, since only a portion of your position size must be deposited on CryptoX100.
Can I lose more than invested in a position? Are there margin calls?
All positions are assigned with a forced “Stop Loss” price, where your position gets closed automatically, if the market moves against your trade too much.
Order types for opening positions:
Order types for closing positions:
When you open or close a position using a Market order, your position will be executed immediately at the best available price on the order books. This is the simplest order type which does not require any parameters.
A Limit order makes it possible to set the price at which you want to open a position. This "limit price" should be lower than the current price for long positions and higher for short positions.
A Stop Loss is a protective measure that you can set, to have the position closed if the market goes against a trade to minimize your losses.
The Take Profit value is useful, if you would like the position to close once the market moves in favour of your trade to the specified price.