Rollbit allows crypto users to speculate on the price movements of Shiba Inu (SHIB) and multiply their profit with a leverage option. It is a rare crypto trading platform offering up to 1000x profit maximization through leverage. In this guide, we will give you a step-by-step walkthrough on accessing the Rollbit trading feature and betting on the price movements of SHIB, with a leverage of up to 1000x.
Step 1: Register and Create an Account
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Start your journey by signing up on the Rollbit platform. It leads to registration and the creation of your account on Rollbit. It has a straightforward and intuitive interface that makes this process a breeze. You will need an email ID, a unique username, and a robust password to complete the process. This registration process can be completed within a matter of a few minutes.
Step 2: Deposit Funds
To initiate trading with SHIB leverage on Rollbit, you must fund your account with SHIB tokens. For this, you should go to the Rollbit dashboard, navigate to the “Cashier” section, and access the deposit option. Select “Shiba Inu (SHIB).” At this address, you will be given your Rollbit wallet address. Copy the address and navigate to your own wallet. Now, transfer the desired amount of SHIB to your Rollbit wallet.
Step 3: Access Crypto Futures
After your funds are deposited, return to the homepage and click on the menu button on the dashboard’s left side. From the dropdown menu, select the “Crypto Futures” option and specifically choose SHIB as your trading asset.
Step 4: Configure Your Trade
It will take you to a page where you can set up your trade parameters. If you anticipate a rise in Shiba Inu’s price, select “Up.” In contrast, you can opt for “Down” if you expect the price to fall. You can choose either of two options for placing a bet.
It’s time now to select the desired leverage level. At Rollbit, it can range from 1x to 1000x. Additionally, you can choose between “manual” and “auto” trades. The “auto” feature allows you to preset “take profit” and “stop-loss” margins before executing the trade.
Step 5: Execute the Trade
Once you’ve customized your trade parameters, click the “Place Bet” button to submit your trade order.
Step 6: Monitor Your Trade
You can monitor your trade in real-time, allowing you access to information about your bets. Your open trade is visible in the “Active Bets” tab. Other vital trade information such as the entry price, wagered amount, price at which your bet becomes unprofitable, chosen leverage, and current profit and loss associated with the trade are also accessible.
Rollbit allows crypto users with SHIB tokens to participate in crypto trading with up to 1000x leverage. However, traders should practice sound risk management to safeguard their investments. The cryptocurrency market is known for sudden and significant fluctuations in the prices of tokens. It means while Rollbit offers the potential for high-profit maximization, traders should leverage their profit with caution.