Taxes Angle down icon An and journalist, specializing in personal. The risks of shorting crypto. That said, shorting can benefit.
Binance is among the best platforms for shorting crypto due to its diverse trading pairs, multi-asset collateral, cooling-off period, and insurance fund. However, if you are starting out, you should learn one analytical discipline before moving on to the other. Bybit will prompt traders to confirm the trade before opening the short position. The complexity of shorting bitcoin on an exchange means that some traders prefer using a leveraged trading provider to open a short position on bitcoin. If the price of the Bitcoin perpetual contract falls, you will make a profit.
