BitSeven Leveraged Trading Rules
BitSeven leveraged trading is a service that offers leverage effect on the change of cryptocurrency prices.
Users can have profits whether cryptocurrency prices rise or fall.
Traders wishing to make profits from rising prices may place an up order.
Conversely, traders who believe the price will fall may place a down order.
You can make deposits in Bitcoin. BitSeven only accepts Bitcoin deposits.
BitSeven's deposit addresses are unchanged multi-signature cold wallet addresses.
You can make withdrawals only in Bitcoin.
We provide up to 100x leverage for four items: Bitcoin, Ethereum, Litecoin, and Ripple.
Users can select the amount of leverage they require.
You can take the opposite directional position while you are holding a position.
For example, you can hold a down position while holding an up position.
When 50x leverage is applied:
If you place the up order and the price goes up by 2%, your profits will be 100% as 50 times leverage is applied. In reverse, if the price drops by 2% after the down order, your profit will be 100%.
When 50x leverage is applied:
If you place the up order and the price drops by 1%, your loss will be 50% as 50 times leverage is applied. In reverse, if the price goes up by 1% after the down order, your loss will be 50%.
When the profit of a position’s average price becomes 100%, the corresponding position will be sold at the market price by the automatic selling system. The profit auto-sell function can be turned on or off at the bottom right of the leverage trading section. (Choose between 100%, 200% and 300%)
Loss cut (Loss Auto-Sell)
When the position’s average price reached price of loss cut, the corresponding position will be sold at the market price by the automatic selling system.
When the position’s loss cut is executed, your available balance will not be included to maintain your position and the loss is limited within the range of the purchase amount.
You can limit your loss because your available balance will not be used at the position.
Change the position's loss cut price
If you make an additional purchase, you can change the position’s loss cut price because the average price, which is the basis of the loss limitation, is changed.
Position Retention Period
You can keep your position for up to 240 hours. Positions that have not been sold before expiration will be sold automatically at the time of expiration at the market price.
BitSeven Index is based on average weighted price quotations taken from Poloniex, Coinbase and Binance exchanges.
In case Poloniex, Coinbase and Binance or any of these exchanges suspends its service or otherwise unable to submit price quotations due to any problems, BitSeven is rightful to apply immediately Index based on average-weighted price calculations of remaining operating above listed exchanges.
Besides BitSeven may change any of such source of price quotations at its own discretion after prior notice of such changes.
Trading Server Maintenance
Regular server maintenance takes place from 11:00 am. to 11:30 a.m. (UTC time) on the 30th of every month. During server maintenance, new orders cannot be sent, but hold positions are retained.
Buy & sell securely
Be the fast lane