Categoría: Cryptocurrency exchange

Ideally, you should have a large emergency fund, be maxing out your retirement accounts and have minimal debt. Even if you can check all those boxes, it’s important to diversify your portfolio, so only a portion of your investments should be in Ethereum and other cryptocurrencies. Ethereum is extremely popular, with over 116 billion coins currently in investors’ hands. But just because it’s one of the more well-known cryptocurrencies doesn’t mean it’s right for you. To sell your Ethereum, simply head back to your crypto exchange and enter the amount you want to sell. If you think it is time to skim a little profit off your crypto holdings, there are several ways to sell Ethereum back to fiat money.

How is Ethereum different from Bitcoin?

Within two years, Ethereum became the second-highest-ranked blockchain network, with Bitcoin maintaining its position as the top-ranked network. Without falling for the old adage of judging a book by its cover, an intuitive design aimed at providing a user-centric experience often suggests quality in more than just aesthetic arenas. A website or mobile app/dApp littered with spelling mistakes or grammatical errors should raise immediate red flags concerning their attention to detail with your funds and/or information. On a less nefarious level, hard to parse platforms can also conceal complicated or predatory fee structures. Purchase Ethereum directly with credit or debit card, or Apple Pay on CointGate. It is as fast as it can get to buy ETH using Visa, MasterCard or Apple Pay.

Buying Ethereum with a credit card on CEX.IO

Once you have chosen a payment method, you can then move on to the next step. Make a SEPA bank payment to buy Ethereum or other cryptocurrencies, materiality principle in accounting: definition such as Bitcoin, Litecoin, XRP, NANO and more. Do it on our website by wiring money from your account and get your crypto.

Buy Ethereum With Credit Card & Bank Transfers: Quick Guide

If you are keen on joining the community of Ethereum investors, the best routes to follow are exchanges and wallets. Apple Pay and Google Pay are the quickest ways to buy ETH with a credit or a debit card from your iOS or Android device. Exchanges that allow you to buy Ether with a credit card usually come with a built-in wallet. Investors should take Wood’s $166,000 price target with a grain of salt. Her firm’s flagship Ark Innovation ETF (ARKK 1.07%) has actually declined by 4% over the past five years while the S&P 500 rose by 84%.

Bitcoin Rebounds To $67K, Ethereum To $3,250: Are ETFs Buying Again?

Since 2013, CEX.IO has built an award-winning suite of crypto products and services, and established a reputation for advancing the adoption and accessibility of digital assets. By working closely with regulators and partnering with legacy and emerging payment solutions, CEX.IO’s pioneering innovations consistently work to move the industry forward. BitDegree aims to uncover, simplify & share Web3 & cryptocurrency education with the masses. Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place. One of the older and more reputable exchanges if you’re considering buying Ethereum.

1. Where Bitcoin’s network relies on a proof of work (PoW) consensus mechanism to verify transactions and mint new coins, Ethereum has proven to be more amenable to the evolution of industry trends.
2. Ethereum (ETH) is a digital currency and a system that enables the creation, management, and execution of decentralized programs (DApps) through the use of blockchain.
3. He has also been a featured expert on CBS News, MSN Money, Forbes, Nasdaq, Yahoo Finance, GoBankingRates and AOL Finance.
4. Your credit card provider may also enforce a daily limit on crypto purchases and a total limit on cash advances.

It’s much safer to store your funds in a wallet rather than leaving them on an exchange. But if you’re in charge of your security, you would need to get attacked personally to lose your cryptocurrency assets. Here you can find our tutorial on how to choose the best cryptocurrency wallet How to Choose the Best Cryptocurrency Wallet.

Bitcoin ATMs, scattered throughout the world and frequently found in high-traffic urban locations, can also help you spend your dollars on buying Ethereum or other crypto assets. Such machines are easy-to-use, yet their trading fees are not that moderate as those of online crypto exchanges and can significantly add to the cost of the transaction. Bankrate.com is an independent, advertising-supported publisher and comparison service.

We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn’t influence our assessment of those products. Please don’t interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder.com compares a wide range of products, providers and services but we don’t provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Ethereum gas is the fee network users pay to process transactions or use smart contracts on the network.

Buying Ether is a little more complicated than just buying stocks or mutual funds through your current brokerage account. Cryptocurrencies aren’t traded on major exchanges like the New York Stock Exchange (NYSE), and many brokerages don’t offer crypto investing. While Bitcoin is the top cryptocurrency based on the value of its coins in circulation, Ethereum is no slouch. With a total value of over $230 billion, it’s the second biggest cryptocurrency by market capitalization. Here’s how to get started buying Ether, the official name of the token that runs the Ethereum platform.

When choosing a funding method, review the crypto exchange’s fees; they can vary based on the method. If you insist on using good old-fashioned hard cash to buy Ethereum (ETH), you can try peer-to-peer crypto marketplaces like LocalCoinSwap and Hodl-Hodl. P2P exchanges often have their own messaging systems where buyers can coordinate meetings with sellers. As these transactions often involve cash and unknown individuals, it is recommended to arrange these meetings in public areas. PayPal has recently enabled buying Ethereum, Bitcoin, and a few more coins through its mobile application. It also allows for selling, sending, and storing crypto within the app.

As the crypto market continues to mature and integrate with traditional finance, these trends will be closely watched by investors and analysts alike. BlackRock’s characterization of Ethereum as “a bet on blockchain technology” fails to resonate with traditional investors who typically shy away from poorly understood investments. This trend highlights the evolving investor sentiment in the digital asset space and raises questions about the future of Ethereum as an investment vehicle.

Ark also offers its own Ethereum futures ETF and is trying to get a spot Ethereum ETF approved, so Wood’s opinion may be subjective. Four months ago, analysts from the bank claimed that Ethereum could hit $8,000 by the end of this year and $14,000 by 2025, contingent on the approval of spot Ethereum ETFs. Near the end of May, Standard Chartered doubled down on its price targets due to the potential for significant inflows into Ethereum upon ETF approval. The bank estimated that spot ETFs could drive fund inflows of 2.4 to 9.2 million Ether in the first 12 months.

We’ve built in several places monitor and compare current crypto prices across our product ecosystem. Purchasing crypto on a vetted exchange like CEX.IO is no more or less safe than making any other online purchase. However, we’ve continually taken steps since our founding to remain compliant with current regulations, and build partnerships predicated on our commitment to user success. Currently, CEX.IO holds a Level 1 PCI DSS certificate; you can learn more about this distinction, and our other licenses here. Select a linked credit/debit card, or pair a new one by entering the number and expiration date where designated.

After registering your account and linking it to your bank account and crypto wallet, you’ll be ready to begin. Keep in mind that exchanges offer their cryptocurrency trading services for a fee, and you may need to undergo a KYC/AML check before being able to make a purchase. https://cryptolisting.org/ If you want to buy cryptocurrency—using a credit card is probably the most expensive way to accomplish this goal. Though there are some crypto exchanges and services that allow crypto purchases with credit cards, you will be charged exorbitant fees for the privilege.

Some popular smart contracts (also called decentralized applications or dApps) hosted on Ethereum include MakerDAO, CryptoKitties, UniSwap, Compound, Synthetix, Decentraland, Aave, among others. The best places for buying cryptocurrency ETH include CEX, Coinbase, and Binance. Popular exchanges to buy Ethereum with a credit card include Coinbase, Binance, and eToro.

«Altcoin» is a combination of the two words «alternative» and «coin.» It is generally used to include all cryptocurrencies and tokens that are not Bitcoin. Before engaging in crypto trading, please consult with a financial advisor to ensure it aligns with your financial goals and risk tolerance. As always, we were also able to onboard a good deal of XPOS merchants all over the world in Honduras, Türkiye, Taiwan, Brazil, Japan, South Africa, and more. We also participate in industry events and governmental meetings to push for crypto adoption. After a large initial unlock of private sale, public sale and team tokens, the circulating supply will steadily increased as tokens are released on a monthly basis to reward NPXS holders who stake their tokens.

Popular Tokens on the Ethereum Chain

Pundi X is an ecosystem comprised of hardware and software products that facilitates blockchain-based payments in physical retail stores. The core technology offering is the Pundi XPOS, a PoS hardware system for merchants that facilitates how to buy pundi x cryptocurrency payments and transactions through mobile wallets and bank cards. As an all-in-one solution for retailers, the XPOS device can support retail intelligence, inventory management, order management and loyalty programs.

What Is Blockchain?

At the age of 25, he had founded and sold his first Groupon-like company to Baizhu in 2008. He has started and sold several other businesses, including a 200 person company. Presently, the activities of PUNDI X are not regulated or licensed by the financial regulatory https://www.tokenexus.com/ authorities of many jurisdictions, including the Monetary Authority of Singapore (“MAS”). As you can see, buying Pundi X on Binance is a pretty straightforward process. Hopefully, this article was helpful if you encountered any issues along the way.

• The following chart represents the top 20 wallets holding NPXS tokens, of which 7 belong to the team and / or an exchange.
• Not only are transactions through p(x)Change peer to peer but all transactions will also remain transparent.
• Pundi X is a leading developer of blockchain-powered devices with the aim of transforming retail businesses with its blockchain-based point of sale solution.
• Withdrawals from Exchanges can take anywhere from 1-30 minutes depending on network usage.
• The mission of PUNDIX is to enable digital currencies to be more accessible to more people across the borders and further increase the utility of digital currencies.

How Many Pundi X (PUNDIX) Tokens Are There in Circulation?

• This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated.
• The end result should be an XPOS that is accessible to all.
• Different pairs are listed separately with the corresponding volume.
• We also participate in industry events and governmental meetings to push for crypto adoption.
• A total of $30.5MM was raised across all NPXS public and private token sale tranches that was completed on 21 Jan 2018.
• Popular digital assets like Bitcoin (BTC), Ethereum (ETH) and Pundi X (PUNDIX) are listed within the ecosystem.

The crypto market crashes haven’t done the token’s value any favors, and it continues to chase after the initial high it reached during the early weeks of its launch. As of March 2023, PUNDIX has a market cap of approximately $121 million. 2022 gave Pundi X a chance to interact with other crypto/blockchain enthusiasts. To browse all on-chain transactions, the Token Address is 0xa15c7ebe1f07caf6bff097d8a589fb8ac49ae5b3. The Pundi product portfolio has several components that support and promote both token adoption and Pundi PoS hardware device usage.

Create and verify your account

• Other brokerage services that take this approach include Binance (BNB), Voyager Token (VGX) and ( Troy (TROY).
• We also offer several intelligent crypto investing products to help you reach your financial goals.
• With DCA, you accumulate Pundi X gradually with a specific amount rather than making a single large investment at once.
• For a decentralized exchange, the process is different in that once you’ve connected your wallet, you will be asked to pair PUNDIX with the crypto you’re using to make the trade.
• After you’ve made the trade, you can transfer PUNDIX out of your centralized exchange wallet or self-hosted wallet if you wish.
• At this stage, Pundi X is primarily running campaigns targeted at the Telegram communities to incentivize their most active community members and drive use of the NPXS token.
• «Altcoin» is a combination of the two words «alternative» and «coin.» It is generally used to include all cryptocurrencies and tokens that are not Bitcoin.

The integration of the Bitcoin Lightning Network into XPOS carries multiple benefits such as accepting bitcoin payments from private wallets and selling bitcoin to customers on the network. 2022 saw both major improvements to our flagship products and the introduction of new initiatives. This was beneficial for both crypto users and Pundi X itself.

The order should be executed almost instantly and the NPXS will be added to your balance soon. In the past 24 hours, WETH, and INR are two trading pairs for Pundi X [OLD] with total trading volume of 385. After this, the swap has been done and you will get a Token in your MetaMask wallet. When the download is finished MetaMask welcome page will open, if not you can click MetaMask icon on the top right corner, and click «Get Started» on MetaMask welcome page to start the wallet creation process.

Advertise on Pundi XPOS devices globally

Different pairs are listed separately with the corresponding volume. Explore the option to buy Pundi X through Kriptomat’s Intelligent Portfolios. Within the Pundi X ecosystem, PUNDIX tokens are used to fuel transactions. Within the XWallet, PUNDIX token holders can also benefit from a series of hosted dApps that allow for staking, and more. Pundi X has created a blockchain payment ecosystem with the XPOS, XPASS and the virtual XWallet. The XPOS is the world’s first blockchain-powered wireless point-of-sale (POS) for cryptocurrencies.

2 Token supply breakdown

BTCPay Server transforms e-commerce by offering a free, secure, and privacy-focused payment gateway. Musqet simplifies in-person transactions for small merchants, ensuring swift and efficient bitcoin payments. Together, these platforms demonstrate the potential of bitcoin, driving its adoption across diverse business environments and solidifying its place in the future of digital payments. Musqet is a constantly adapting platform that meets the needs of modern commerce. Feedback from these real-world uses drives further progress, keeping Musqet at the forefront of payment technology. Note that some wallets (e.g. blockchain.info), even though they use dynamic fees, set an upper limit to the transaction fee.

1. The Bitcoin mining community also attests that the expansion of mining can help lead to the construction of new solar and wind farms in the future.
2. The mining computers calculate new hash values based on a combination of the previous hash value, the new transaction block, and a nonce.
3. Exchanges that store customers’ keys can also be hacked, but many who offer this service take measures to reduce the chances that hackers can get into the storage systems.
4. Transaction fees are used as a protection against users sending transactions to overload the network and as a way to pay miners for their work helping to secure the network.

How Does Bitcoin Make Real Money?

Those who defend Bitcoin also note that the complex validation process creates a more secure transaction system, which justifies the energy usage. On the flip side, countries like China have moved to heavily clamp down on Bitcoin mining and trading activities. In May 2021, the Chinese government declared that all crypto-related transactions are illegal.

What happens when bitcoins are lost?

And when you «make a transaction», you just send this transaction data in to the bitcoin network. You use these TXIDs when searching for a transaction in a blockchain explorer, or when you want to spend the output of a transaction in a new transaction. Every input in a segwit transaction needs to have its own witness field. If the input doesn’t need to make use of it, just set its witness field to 00 (i.e. zero stack items).

Key Takeaways

The -datacarriersize Bitcoin Core configuration option allows you to set the maximum number of bytes in null data outputs that you will relay or mine. If false is not at the top of the stack after the pubkey script has been evaluated, the transaction is valid (provided there are no other problems with it). The script language is a Forth-like stack-based language deliberately designed to be stateless and not Turing complete.

P2PKH lets Alice spend satoshis to a typical Bitcoin address, and then lets Bob further spend those satoshis using a simple cryptographic key pair. The sample raw transaction itemized below is the one created in the Simple Raw Transaction section of the Developer Examples. It spends a previous pay-to-pubkey output by paying to a new pay-to-pubkey-hash (P2PKH) output. Bitcoin transactions are broadcast between peers in a https://cryptolisting.org/ serialized byte format, called raw format. It is this form of a transaction which is SHA256(SHA256()) hashed to create the TXID and, ultimately, the merkle root of a block containing the transaction—making the transaction format part of the consensus rules. Mining creates the equivalent of a competitive lottery that makes it very difficult for anyone to consecutively add new blocks of transactions into the block chain.

How Do Bitcoin Transactions Work?

Before introducing unspent transaction outputs (UTXOs), we need to know the input and output of Bitcoin transactions. Even tiny changes in the original data will drastically change the resulting hash value. It’s essentially impossible to predict which initial data set will create a specific hash value. Bitcoin’s rapid adoption as a means of payment has led to the development of various tools and platforms tailored to specific use cases. This article reviews solutions like BTCPay Server and Musqet, each addressing different needs within the bitcoin payment ecosystem. «[A smart contract] is a self-executing contract with the terms of the agreement directly written into lines of code on the blockchain,» Gabel explains.

This is the TXID for the transaction that created the output you want to spend. But all you’re basically doing is selecting an output from a previous transaction and providing the unlocking code for it. In the future this byte may be incremented to indicate newer transaction structures. These next two bytes can be used to indicate a segregated witness transaction.

It uses a blockchain to secure transaction information out of the reach of centralized third parties who traditionally facilitate and regulate transactions. Once the fee is met, the transaction is transferred to a block, where it is processed. Then, the transaction information within the block is validated by miners, the block is closed, and all receivers collect their bitcoin. Both wallets display their appropriate balances, and the next transactions are processed.

In fact, many investor alerts issued by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), and the Consumer Financial Protection Bureau (CFPB) concern bitcoin investing. In early 2024, bitcoin’s price jumped into the mid $40,000s as expectations grew for Bitcoin Spot ETFs’ approval. By mid-February 2024, after the ETFs were approved, bitcoin’s price climbed to more than $50,000.

However, some jurisdictions (such as Argentina and Russia) severely restrict or ban foreign currencies. Other jurisdictions (such as Thailand) may limit the licensing of certain entities such as Bitcoin exchanges. From phishing scams to fake Bitcoin exchanges, here’s your guide to identifying and avoiding Bitcoin-related fraud. As with any new technology, it has been difficult to regulate bitcoin.

At least one of the sequence fields must be set to 0xFFFFFFE or below for locktime to be enabled. If all of the sequences are at their maximum of 0xFFFFFFFF then the transaction is considered «final» and the locktime feature is disabled. The locktime field allows you to specify a block height or Unix time after which a transaction can be mined. The total value of your outputs cannot exceed the total value of your inputs. Each output creates a new batch of bitcoins with their own lock on them. The output you want to spend must not have been spent in a previous transaction.

Miners will likely not help with any transactions marked as double spends. The live Bitcoin price today is $67,125.59 USD with a 24-hour trading volume of $36,113,559,912 USD. The current CoinMarketCap ranking is #1, with a live market cap of $1,324,460,890,989 USD. This negative sentiment appears to have how to withdraw usd from poloniex been broken, with a number of corporate behemoths buying up Bitcoin since 2020. In particular, business intelligence firm MicroStrategy set the pace after it bought $425 million worth of Bitcoin in August and September 2020. Since then, many others have followed suit, including EV manufacturer Tesla.

Bitcoin can be used to pay online and in physical stores just like any other form of money. Bitcoins can also be exchanged in physical form such as the Denarium coins, but paying with a mobile phone usually remains more convenient. Bitcoin balances are stored in a large distributed network, and they cannot be fraudulently altered by anybody.

The amount of bitcoin that equals $1 will change with the cryptocurrency’s market value. Bitcoin prices tend to follow stock market trends because bitcoin is treated the same way that investors treat other investments. However, bitcoin price movements are greatly exaggerated and sometimes are prone to movements of thousands of dollars. Many bitcoin investors tend to «trade the news,» as demonstrated by the fluctuations that occur whenever there is a significant news event. You can increase your chances of being rewarded bitcoins by joining a pool, but rewards are significantly decreased because they are shared.

The second output is typically used for sending «change» back to an address that you own. This happens when the amount of satoshis in the input is greater than the amount you want to send. The scriptsig field contains the unlocking code for the output you have just referenced. Every output has some form of lock on it, so you need to provide some data that will satisfy the conditions of the lock.

This step can be resource intensive and requires sufficient bandwidth and storage to accommodate the full size of the block chain. For Bitcoin to remain secure, enough people should keep using full node clients because they perform the task of validating and relaying transactions. Then the program generates a signature made from your private key to announce this transaction to the network for validation. The network needs to confirm that you own the bitcoin being transferred and that you haven’t spent it by checking all previous transactions which are public on the ledger. Once the bitcoin program verifies that indeed your private key corresponds to the provided public key (without knowing what your private key is), your transaction is confirmed. If a transaction remains unconfirmed for too long, it can be eventually «forgotten» by most nodes on the Bitcoin network if no one rebroadcasts the transaction.

Pubkey scripts and signature scripts combine secp256k1 pubkeys and signatures with conditional logic, creating a programmable authorization mechanism. To convert addresses back into hashes, reverse the base58 encoding, extract the checksum, repeat the steps to create the checksum and compare it against the extracted checksum, and then remove the version byte. The hashes used in P2PKH and P2SH outputs are commonly encoded as Bitcoin addresses. This is the procedure to encode those hashes and decode the addresses. The rules of the protocol and the cryptography used for Bitcoin are still working years after its inception, which is a good indication that the concept is well designed.

We call them active because they involve constant monitoring and frequent portfolio management. A systematic approach based on predefined criteria helps keep away emotion-driven decision-making, which can be costly. Continually refine your portfolio and strategy based on lessons learned. Remain flexible and open to new information rather than rigidly locking yourself into any one system. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only.

Is There A Good Time To Buy?

With the volatility of crypto, be sure to give yourself wide bands of acceptable allocations. Once you’ve funded your account with fiat currency, you can make an order to buy your cryptocurrency. Orders on an exchange work the same way as orders in the stock market. The exchange will match your buy order with someone making a sell order at the same price and make the trade. That’s largely due to the ease of creating a new currency by using smart contracts. New coins can simply piggyback on an existing blockchain that already has a well-established network of computers verifying blocks.

• However, because exchanges technically have access to your keys in this case, you may be more susceptible to losing your funds should the exchange fail or be hacked.
• Given that cryptocurrencies seem to have more negatives against the stock market but not enough positives, why would you want to trade digital assets?
• One problem the one year rule poses is that you need to prove that you hold the crypto for this timeframe.
• They use hype and narratives to identify undervalued and overvalued coins to buy when the hype is low and sell when it’s high.
• Vetting cryptocurrencies can be more difficult because they have become a popular vehicle for fraud, such as pump-and-dump schemes.
• It basically acts as a portal between the fiat world and the crypto world — the “on-ramp” if you will.

Compliance and Security:

Our estimates are based on past market performance, and past performance is not a guarantee of future performance. Devising a crypto trading strategy that suits your financial goals and personality style is not an easy task. We went through some of the most common crypto trading strategies, so hopefully, you can figure out which one may suit you best. Tokenized index investing will likely become more popular over the coming years. It enables a more hands-off approach to investing in the blockchain industry and cryptocurrency markets.

How to Buy Cryptocurrency From an Exchange

With a market cap over $1 trillion, bitcoin now holds the title of the world’s largest cryptocurrency. You can use these “coins” to buy things online, just like you would with regular money. However, your options of merchants that accept crypto are more limited than those who accept traditional currencies. Cryptocurrencies are digital currencies that generally operate outside the regulation of any individual company or government.

Monitoring institutional trends can provide valuable insights for individual investors. Swing trading is a strategy that aims to capture gains from price swings over a period of days or weeks. Traders analyze market trends, technical indicators, and patterns to identify potential entry and exit points. Swing trading allows for more flexibility compared to day trading, as it does not require constant monitoring of the market.

• While risks remain, bigger cryptocurrencies have generally demonstrated their resilience, unlike newer or smaller-cap coins.
• One study from 2019 estimates ~100 million people currently hold Bitcoin.
• Before a new transaction can be added to the blockchain, these nodes check the new data to be added or ‘block’, against each other’s records to verify it.
• Since then, people have also created cryptocurrencies that serve other functions or are designed for specific types of transactions.
• When new projects need funds to launch a product, they usually perform some sort of funding rounds.
• Ether is the cryptocurrency native to the Ethereum blockchain, but is also available for trading on other exchanges like Coinbase, Binance.US, Ninjatrader and Robinhood.
• Another piece of good news is that in some jurisdictions you have to pay nearly no taxes.

If you are dissatisfied with the exchange’s service provider or prefer a more secure storage option, you may transfer your assets to a separate hot or cold wallet. Stash does not represent in any manner that the circumstances described herein will result in any particular outcome. While the data and analysis Stash uses from third party sources is believed to be reliable, Stash does not guarantee the accuracy of such information. Nothing in this article should be considered as a solicitation or offer, or recommendation, to buy or sell any particular security or investment product or to engage in any investment strategy.

Sentiment Analysis:

Losing or forgetting the access codes to your account could result in the loss of your investment. That’s why keeping your cryptocurrencies in a safe storage place is crucial. Cryptocurrency Investment Strategy Even more common than using cryptocurrencies as digital currency, some people invest in it hoping its value will increase over time, similar to investing in stocks or gold.

Best Crypto Exchanges, Apps & Platforms

• An order book is the ledger on which available orders yet to be fulfilled are recorded.
• The blockchain system acts as a digital public ledger, recording all transactions.
• “Buy and hold” is a passive investment strategy where traders buy an asset intending to hold it for a long time, regardless of market fluctuations.
• This will help you identify whether or not you’re being “catfished”.
• As you would for any investment, understand exactly what you’re investing in.
• This means that your trade’s position size is 5 times the capital you staked from your own pocket (i.e., margin).