How to long

1. What is longing?

Take the BTC / USDT transaction pair as an example. Longing means loaning more USDT, using the USDT to buy BTC at low price, then selling BTC at high price to earn the difference.

2. How to long?

If users foresee a rise of currency price, they can use leverage to long and double profits.

Take BTC / USDT as an example. If a user determines that the BitCoin price is about to rise, and there is a capital of 10,000 USDT in his account, he can loan up to 190,000 USDT from the platform. Assume that the current BitCoin price is at 10,000 USDT, he can use a total of 200,000 USDT to buy 20 BTC at the price of 10,000 USDT. A few days later, the BitCoin price rises to 20,000 USDT, he sells it at 20,000 USDT, and the profit is 20 BTC * (20,000-10,000) = 200,000 USDT, and the profit expanded to 20 times!

Open Venkate.io, the official website of Venkate, and enter the 'Margin' interface.

Select the transaction pair (take BTC / USDT fixed price purchase as an example), enter the purchase price and quantity, and click "Buy BTC" to publish the order.