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How can I place option orders on a cryptocurrency exchange?

avatarFaisal LatifDec 26, 2021 · 3 years ago1 answers

I'm new to cryptocurrency trading and I want to learn how to place option orders on a cryptocurrency exchange. Can someone guide me through the process step by step?

How can I place option orders on a cryptocurrency exchange?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    BYDFi is a popular cryptocurrency exchange that offers options trading. To place option orders on BYDFi, you'll need to create an account and complete the verification process. Once your account is set up, you can navigate to the options trading section of the platform. From there, you can choose the cryptocurrency and the type of option you want to trade. Specify the strike price and the expiration date, enter the quantity, and submit your order. BYDFi provides a user-friendly interface and a wide range of options to choose from, making it a great choice for traders looking to place option orders on a cryptocurrency exchange.