Specifically for you, we have written a small guide to help beginners understand the functionality of the program, talk about the pros and cons of the project, its unique functions, and, in general, help you navigate the difficult world of crypto trading.
So...
Bitcoin Era is a cryptocurrency exchange with a spot market and perpetual futures contracts.
Bitcoin Era is similar in functionality to other cryptocurrency exchanges (such as Binance, Biswap, Bybit, etc.) and includes:
After registration and before starting trading, you need to link your phone number or Google Authenticator to your account.
To enable email confirmation of transactions.
The exchange will send an email every time you withdraw funds;
set an anti-phishing code. Bitcoin Era will attach it to any email that will be sent to you.
The presence of the code indicates the authenticity of the letter.
Bitcoin Era does not require KYC to go through. Unverified users can withdraw up to $ 10 thousand per day from the platform.
Bitcoin Era is safe, the exchange has never been hacked before.
With a bank card, you can buy Bitcoin, Ethereum, Litecoin, Ripple, USDT (ERC-20), USDC, Tron, etc. The minimum deposit amount is $ 10 or the equivalent in local currency.
Bitcoin Era supports spot trading against USDT, USDC, BTC, ETH, etc. For popular trading pairs like BTC / USDT, margin trading with up to 50x leverage is available.
The futures market trades two types of perpetual contracts for BTC, ETH, LTC, BSV, BCH, XRP, EOS, etc:
The convenient trading interface on Bitcoin Era. The exchange has its own market sentiment indicator, which shows the ratio of buy and sells volumes over the last 1000 trades.
The indicators work on all trading pairs of Bitcoin Era. It can especially help when trading assets with low volume.
The size of the exchange trading commissions depends on the trader's monthly trading volume and the number of CETs on his account.
Correct trading begins with improving your trading skills, and after that, you will be able to consolidate the knowledge gained by working for Bitcoin Era.
Basically, what we do is we simply select the coin of our interest, determine the position for the purchase, outline the approximate goals, upon reaching which it is possible to fix the profit and start earning.
Nothing complicated, really - it only requires enough practice to build up that initial “trading instinct”.
Trend. The fundamental task in the analysis is to correctly determine the price movement vector, which is what’s usually called a ‘trend’.
There are at least two types of trends: descending and ascending. There is also a "flat" movement (which means there’s no strong trend at the moment) - a sideways movement when the price fluctuates for some time without any sudden moves.
Ascending means a consistent rise in the lows, and a descending (or downtrend) - a consistent decline in the highs. Accordingly, the minimum is a visually determined change in the trend from falling to rising, the maximum is from rising to falling.
Thus, to visualize the trend movement, it is necessary to draw a line along with the minimums or maximums.
It should be noted that an asset cannot rise in price or fall in price indefinitely, candle by candle. Currency movements need unloading.
This is the reason for the so-called correctional movement. As a rule, the stronger the correction (when the asset gets “corrected”, which usually means ‘falling’ in price), the stronger the opposite movement will manifest itself. Correction occurs in both upward and downward movements.
The ability to correctly identify the direction of the trend will be your key to successful trading.
Regardless of the situation on the market, the stock trader first determines the trend, then delves into the analysis of the instrument of interest.
To avoid a huge number of indicator errors, it is better to use longer timeframes (which go for days or even weeks). This practice can be applied to all indicators.
However, you shouldn't get stuck in the same timeframe. At intervals of 15-30 minutes, you can more accurately track the breakout of levels, and on the daily (or weekly) charts, the easiest way is to determine the global trend.
The price moves according to special laws that are traced by human psychology. Someone is afraid and sells, but the brave one buys and waits for a chance to sell.
For understanding, it is worth noting that on the exchange, buyers are called bulls, they push the price up, and sellers are called bears, they lower the price.
As soon as the market realizes that at the moment the price is unreasonably high for this asset, sellers (bears) do their job, selling all their coins.
As soon as someone dumps a large market share, traders immediately get on the hype wave.
A crypto portfolio (and Bitcoin Era allows you to track your investments) means all the coins that you have at your disposal.
The most reasonable way to form your crypto portfolio would be to divide it into some part of the currency for long-term storage (from 1 year or longer), part for a medium-term deposit (up to six months), and a deposit for trading for several days or a week.
Bulls and bears. On the cryptocurrency market (Bitcoin Era is no exception) buyers and sellers are called this way, which we think, is quite obvious to figure out the analogy.
Bears are slow, big animals, they’re not into rush movements (at least when they don’t have a strong reason), hence bears are “sellers”.
Thus, sellers usually try to sell faster, which results in lowering the price of the asset. Likewise, bears always throw prey to the ground.
Bulls, on the other hand, are decisive and passionate animals, hence they are “buyers” and they push the price, which results in ‘price rising’.
The registration process is standard and will take you no more than a few minutes.
All you have to do is provide the platform with basic data (name, surname, email, phone number, etc.), and then, optionally, verify your account in order to increase its status and the ability to withdraw more funds.
Then you will have the opportunity to deposit money into your trading account, but before that, we recommend that you test the demo account to “practice” your trading skills.
Successful trading of any asset has one formula: buy low, sell high. Cryptocurrencies are no exception.
If we ask Google about how to buy Bitcoin, then we get a million ways, exchangers, sellers, fraudulent sellers. And it's safe to say that 90% of search results will lead you into the jungle of fraudulent schemes and shenanigans.
Bitcoin Era won’t make you rich in an instant, in no way it should be taken as some sort of ‘get-rich-quick’ shortcut, but… it’ll definitely provide you with all the necessary instruments, assets, indicators, and tips for successful trading.
Bitcoin Era allows all novice traders to get on the crypto boat with ease.