Rollbit is one of the few Bitcoin casinos that allows users to bet against the price movement of BTC with leverage, thus creating an opportunity for users to maximize their profits.
The casino offers leverage of up to 1000x, meaning users can wager against bitcoin price movement with 1,000 times their capital.
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With access to this high leverage, traders can boost their earnings on trades placed with BTC. How can you access this leverage? Let’s find out.
How to Trade Bitcoin With 1000x Leverage on Rollbit
Below is a step-by-step guide to get you started on trading with 1000x BTC leverage on Rollbit.
Step 1: Create an account
First, sign up on the platform and create an account. The registration process is easy as Rollbit’s intuitive interface is designed to help users get started immediately. You just have to choose a unique username, add your email address, and create a strong password. Once your account registration is complete, move on to the next step.
Step 2: Fund your account
To start trading with BTC leverage on Rollbit, you must first fund your account with bitcoin. On the Rollbit dashboard, click “Cashier” to access the deposit feature. Select “Bitcoin (BTC)” and copy the wallet address assigned to your Rollbit account. Now, head over to your crypto wallet and transfer the amount of BTC you want to deposit on Rollbit.
Step 3: Go to Crypto Futures
Once you have deposited your funds, go to your homepage and click on the menu button on the left side of the dashboard. Select the “Crypto Futures” option from the drop-down menu, then choose BTC.
Step 4: Set up Your Trade
Once you select BTC as your preferred trade, you’ll see a page where you can choose your play. If you believe the price will increase, select “Up,” but if you are bearish and think BTC price will decrease, select “Down.”
After that, you can select the leverage you want to use for the trade. Rollbit gives users the option to choose leverage between 1x to 1000x.
You can also select between “manual” and “auto” trades. The auto feature allows you to set your “take profit” and “stop-loss” margins before placing the trade.
Step 5: Place the trade
Once you have set up your trade parameters, you can click the “Place Bet” button to submit your trade.
Step 6: Monitor trade
Rollbit allows users to monitor the performance of their trades in real-time. The platform automatically places your open trade below the chart in the “Active Bets” tab.
There you can see the entry price for the trade, the amount you have bet, the price at which your bet would lose, the chosen leverage, and the current profit and loss for the trade.
While trading bitcoin with 1000x leverage on Rollbit allows users to maximize their profits, it is vital to recognize the risks of leveraged trading. The crypto market is highly volatile, and trading with leverage as high as 1000x can be risky. Never take on more leverage than you can efficiently manage to avoid the risk of liquidation.