How much do I need to invest to go long on Bitcoin with a contract on BitMEX?

1 answers

• Dec 16, 2021 · 3 years ago
  To go long on Bitcoin with a contract on BitMEX, you'll need to consider the contract size and leverage. BitMEX offers various contract sizes, such as XBTUSD with a contract size of 1 USD. Let's say you want to go long on Bitcoin with 10x leverage and the current price of Bitcoin is $10,000. In this scenario, you would need to invest $1,000 to open a position. However, it's important to remember that trading with leverage involves higher risk, as it magnifies both potential profits and losses. Make sure to do your research and develop a solid trading strategy before investing in Bitcoin contracts on BitMEX.
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