1. How to Short Bitcoin (1) Bitcoin CFDs Contracts for Difference (CFDs) are a contract between a buyer and a seller whereby the seller pays the buyer the difference between the current value of the asset and the value of the position. Similar to Bitcoin futures, Bitcoin CFDs are essentially bets on the price of the cryptocurrency. When you buy a CFD that predicts the price of Bitcoin will fall, you are shorting Bitcoin. However, unlike bitcoin futures, which have pre-determined settlement dates, CFDs have a more flexible settlement period. There is also no physical delivery aspect to Bitcoin CFDs, and therefore no custody fees. In some Bitcoin CFD markets, a trader can enter into a contract based on the performance of the price of Bitcoin, or relative to fiat or other cryptocurrencies. (2) Reverse Exchange Traded Products A reverse exchange traded product is a product that bets that the price of the underlying asset will fall. Exchange traded products that you can bet on the price of Bitcoin falling are the BetaPro Bitcoin Inverse ETF (TSX: BITI) and the 21Shares Short Bitcoin ETP, both of which are not available to US residents. (3) Trading on Margin One of the easiest ways to short Bitcoin is through the cryptocurrency's margin trading platform, a form of trading allowed by many exchanges and brokerage firms. Trading on margin means that the investor "borrows" funds from a brokerage firm to trade. It is important to note that margin involves leverage or borrowed funds, which can increase profits while also magnifying losses. Many Bitcoin exchanges allow margin trading at this stage, such as Kraken and Coinan. (4) Binary Options Trading Traders can also short Bitcoin through call and put options. If you want to short the currency, buy a put option. Even if the price falls thereafter, you will still be able to sell the currency at today's price. Many overseas exchanges offer binary options, but the cost and risk are high. One advantage of binary options over futures is that you can limit your losses by choosing not to sell your puts, which is the premium for the put option. Deribit and OKEx both offer options trading. (5) Futures market Like other assets, Bitcoin has its own futures market. In a futures transaction, the buyer agrees to buy a security with a contract attached, setting out the time and price at which the security will be sold. If you buy a futures contract, you are betting that the price of the security will rise. If you sell a futures contract, it reflects a bearish mindset and an expectation that the price of Bitcoin will fall. In this context, you can achieve a short position by buying a contract that bets on the price of bitcoin falling. Bitcoin futures trading started to heat up during the cryptocurrency price surges in late 2017. You can now short bitcoin futures on a variety of platforms, such as the Chicago Mercantile Exchange (CME), the world's largest derivatives trading platform, and various cryptocurrency exchanges. Bitcoin futures can be bought or traded on well-known exchanges like Kraken or BitMex, with additional well-known brokers like eToro and TD Ameritrade also offering this financial instrument. (6) Predicting the market Another way to short bitcoin is to predict the market. A prediction market is an exchange-traded market created for the purpose of trading the outcome of an event. Investors can create an event and bet on the outcome. For example, you can predict that the price of Bitcoin will fall by a certain amount or percentage, and if someone bets against you and the prediction comes true, you can make a profit. Well-known cryptocurrency prediction markets include Augur, Gnosis's Omen and Polymarket. (7) Short selling bitcoin assets This strategy may not apply to all investors, but it is well understood. Sell bitcoin at what you think is a reasonable price and wait for the price to fall before buying again, selling high and buying low. Of course, if the price does not move in line with your expectations, either buy high and take the loss, or lose your bitcoin assets. Furthermore, selling Bitcoin short is costly and risky. To use an analogy, before the transaction takes place, you will need to pay a custodial or bitcoin wallet fee for storing the cryptocurrency and must also take the risk of bitcoin price fluctuations. If the price goes up, rather than down as you expect, you may have to end up with a huge loss. In addition, some exchanges offer leverage for such transactions, which can potentially magnify your losses.

2. What has been described above is just the basics about cryptocurrencies, which relates to whether we can make money with them. Making money with cryptocurrencies is not only about increasing your income by scientific methods, but also finding ways to save money. The handling fees are small, but they must not be ignored. I have calculated that with frequent transactions and long trading hours, the accumulation of fees can add up to more than 10,000 U a year. Next I will introduce a few common ways to reduce fees on large trading platforms. (1) Lowering Binance's fees Binance is currently the world's largest digital currency exchange, and you must sign up for Binance if you want to speculate on coins. The transaction fee is deducted from the assets received. For example, if you buy Ethereum/USDT, the fee is paid in Ethereum. If you sell Ethereum/USDT, the commission is paid in USDT. Example. You place an order for 10Ethereum at a price of USD3,452.55 per share. Transaction fee = 10Ethereum0.1% = 0.01Ethereum Or you place an order to sell 10Ethereum at 3,452.55 USDT per share. Transaction fee = (10Ethereum3,452.55USDT)*0.1% = 34.5255USDT What many people do not know is that the Binance transaction fee can also be reduced. If you want to reduce your Binance trading fees, you must use the invitation link below or use the invitation code "Q022W7SC" to register. https://accounts.binance.com/en/register?ref=Q022W7SC

(2) Reducing OKX fees OKX is a professional digital currency trading platform loved by many users, and its transaction fees can be reduced. Depending on the volume of transactions, OKX divides its users into two levels: normal and professional. Ordinary users are graded according to their OKB positions, while professional users are graded according to their trading volume and asset size. The different tiers determine the trading fees for the next trading day. When calculating the fee levels, if the coin trading volume, total trading volume of delivery and perpetual contracts (USDT delivery contract, coin-based delivery contract, USDT perpetual contract, coin-based perpetual contract), option contract trading volume, and asset volume meet the conditions of different fee levels, users will enjoy the fee discount of the highest level. First method: OKX has an official maximum savings rate of 20%. Use the link below to register with OKX and save 20% on fees. https://www.ouyi.business/join/BTC1ETH Second method: Open the OKX website and enter "BTC1ETH" in the "Invitation Code" on the registration page to see the cashback percentage: 20% at the bottom. Be sure to enter this invitation code, otherwise you can not get 20% cashback percentage. (3) Reduce FTX fees FTX is currently a very fast-growing, contract players more exchange, you must register FTX if you play the contract. if you want to reduce the FTX transaction fees, you must use the following invitation link to register. https://ftx.com/referrals#a=121031692 3, trading road is long, together with the forward Want to know more about how to reduce the commission? telegram: btcethcool We have set up a community dedicated to researching trading, add telegram friends to pull you into the community.

1. How to Short Bitcoin (1) Bitcoin CFDs Contracts for Difference (CFDs) are a contract between a buyer and a seller whereby the seller pays the buyer the difference between the current value of the asset and the value of the position. Similar to Bitcoin futures, Bitcoin CFDs are essentially bets on the price of the cryptocurrency. When you buy a CFD that predicts the price of Bitcoin will fall, you are shorting Bitcoin. However, unlike bitcoin futures, which have pre-determined settlement dates, CFDs have a more flexible settlement period. There is also no physical delivery aspect to Bitcoin CFDs, and therefore no custody fees. In some Bitcoin CFD markets, a trader can enter into a contract based on the performance of the price of Bitcoin, or relative to fiat or other cryptocurrencies. (2) Reverse Exchange Traded Products A reverse exchange traded product is a product that bets that the price of the underlying asset will fall. Exchange traded products that you can bet on the price of Bitcoin falling are the BetaPro Bitcoin Inverse ETF (TSX: BITI) and the 21Shares Short Bitcoin ETP, both of which are not available to US residents. (3) Trading on Margin One of the easiest ways to short Bitcoin is through the cryptocurrency's margin trading platform, a form of trading allowed by many exchanges and brokerage firms. Trading on margin means that the investor "borrows" funds from a brokerage firm to trade. It is important to note that margin involves leverage or borrowed funds, which can increase profits while also magnifying losses. Many Bitcoin exchanges allow margin trading at this stage, such as Kraken and Coinan. (4) Binary Options Trading Traders can also short Bitcoin through call and put options. If you want to short the currency, buy a put option. Even if the price falls thereafter, you will still be able to sell the currency at today's price. Many overseas exchanges offer binary options, but the cost and risk are high. One advantage of binary options over futures is that you can limit your losses by choosing not to sell your puts, which is the premium for the put option. Deribit and OKEx both offer options trading. (5) Futures market Like other assets, Bitcoin has its own futures market. In a futures transaction, the buyer agrees to buy a security with a contract attached, setting out the time and price at which the security will be sold. If you buy a futures contract, you are betting that the price of the security will rise. If you sell a futures contract, it reflects a bearish mindset and an expectation that the price of Bitcoin will fall. In this context, you can achieve a short position by buying a contract that bets on the price of bitcoin falling. Bitcoin futures trading started to heat up during the cryptocurrency price surges in late 2017. You can now short bitcoin futures on a variety of platforms, such as the Chicago Mercantile Exchange (CME), the world's largest derivatives trading platform, and various cryptocurrency exchanges. Bitcoin futures can be bought or traded on well-known exchanges like Kraken or BitMex, with additional well-known brokers like eToro and TD Ameritrade also offering this financial instrument. (6) Predicting the market Another way to short bitcoin is to predict the market. A prediction market is an exchange-traded market created for the purpose of trading the outcome of an event. Investors can create an event and bet on the outcome. For example, you can predict that the price of Bitcoin will fall by a certain amount or percentage, and if someone bets against you and the prediction comes true, you can make a profit. Well-known cryptocurrency prediction markets include Augur, Gnosis's Omen and Polymarket. (7) Short selling bitcoin assets This strategy may not apply to all investors, but it is well understood. Sell bitcoin at what you think is a reasonable price and wait for the price to fall before buying again, selling high and buying low. Of course, if the price does not move in line with your expectations, either buy high and take the loss, or lose your bitcoin assets. Furthermore, selling Bitcoin short is costly and risky. To use an analogy, before the transaction takes place, you will need to pay a custodial or bitcoin wallet fee for storing the cryptocurrency and must also take the risk of bitcoin price fluctuations. If the price goes up, rather than down as you expect, you may have to end up with a huge loss. In addition, some exchanges offer leverage for such transactions, which can potentially magnify your losses.

2. What has been described above is just the basics about cryptocurrencies, which relates to whether we can make money with them. Making money with cryptocurrencies is not only about increasing your income by scientific methods, but also finding ways to save money. The handling fees are small, but they must not be ignored. I have calculated that with frequent transactions and long trading hours, the accumulation of fees can add up to more than 10,000 U a year. Next I will introduce a few common ways to reduce fees on large trading platforms. (1) Lowering Binance's fees Binance is currently the world's largest digital currency exchange, and you must sign up for Binance if you want to speculate on coins. The transaction fee is deducted from the assets received. For example, if you buy Ethereum/USDT, the fee is paid in Ethereum. If you sell Ethereum/USDT, the commission is paid in USDT. Example. You place an order for 10Ethereum at a price of USD3,452.55 per share. Transaction fee = 10Ethereum0.1% = 0.01Ethereum Or you place an order to sell 10Ethereum at 3,452.55 USDT per share. Transaction fee = (10Ethereum3,452.55USDT)*0.1% = 34.5255USDT What many people do not know is that the Binance transaction fee can also be reduced. If you want to reduce your Binance trading fees, you must use the invitation link below or use the invitation code "Q022W7SC" to register. https://accounts.binance.com/en/register?ref=Q022W7SC

(2) Reducing OKX fees OKX is a professional digital currency trading platform loved by many users, and its transaction fees can be reduced. Depending on the volume of transactions, OKX divides its users into two levels: normal and professional. Ordinary users are graded according to their OKB positions, while professional users are graded according to their trading volume and asset size. The different tiers determine the trading fees for the next trading day. When calculating the fee levels, if the coin trading volume, total trading volume of delivery and perpetual contracts (USDT delivery contract, coin-based delivery contract, USDT perpetual contract, coin-based perpetual contract), option contract trading volume, and asset volume meet the conditions of different fee levels, users will enjoy the fee discount of the highest level. First method: OKX has an official maximum savings rate of 20%. Use the link below to register with OKX and save 20% on fees. https://www.ouyi.business/join/BTC1ETH Second method: Open the OKX website and enter "BTC1ETH" in the "Invitation Code" on the registration page to see the cashback percentage: 20% at the bottom. Be sure to enter this invitation code, otherwise you can not get 20% cashback percentage. (3) Reduce FTX fees FTX is currently a very fast-growing, contract players more exchange, you must register FTX if you play the contract. if you want to reduce the FTX transaction fees, you must use the following invitation link to register. https://ftx.com/referrals#a=121031692 3, trading road is long, together with the forward Want to know more about how to reduce the commission? telegram: btcethcool We have set up a community dedicated to researching trading, add telegram friends to pull you into the community.