1. What is shorting?
Take the BTC / USDT transaction pair as an example. Shorting can be done by loaning more BTC, then selling it at a high price and buying it at a low price to earn the difference.
2. How to short?
If users foresee a decline of a currency price, they can use leverage to short and make money as well.
Taking BTC / USDT as an example, assume that BitCoin price is about to fall, say the current BTC price is at 20,000 USDT, and your account is holding a capital of 10000 USDT (0.5 BTC), you can borrow 2 BTC from the platform, sell the 2 BitCoins at 20000 USDT, buy them back at 10000 USDT, and make a total profit of 20000 USDT. In this scenario, if you only trade with your own funds, you can only buy low and sell high, and cannot short.
Open Venkate.io, the official website of Venkate, and enter the 'Margin' interface.
Select a transaction pair (take BTC / USDT with fixed price selling as an example), enter the selling price and volume, and click "Sell BTC" to post your order.
Summary:
(1) When the price is going down, it's profitable to short.
(2) Through leverage short, you can expand your earnings
Venkate.io provides leverage up to 20 times of the capital users invest out of their own wallet, you can loan from Venkate.io to increase the available funds to expand your earnings. Finally, any investment encounters risks, users are advised to take heed and conduct reasonable risk control when using leverage.
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