EARNING STRATEGIES WITH SCALLOP
Before investing, it is always better to have thorough knowledge about cryptocurrency exchanges. There are hundreds of exchanges available out there and which one to rely on among them always remains a question. Today, Scallop has answered that lingering question by launching one of the biggest exchange in Europe and UK. Scallop Exchange is trusted, reliable and secured to keep your assets from hacking and theft.
Below are different strategies on how to earn massively on Scallop and it’s as easy as reading this article;
Spot trading is a method traders take profits in the market by purchasing assets and hoping they’ll rise in value. They can sell their assets later on the spot market for a profit when the price increases. Spot traders can also short the market.
Using Scallop Exchange for spot trading manages regulatory compliance, security, custody, and other factors to make trading easier. In return, the exchange take transaction fees. Spot trading is usually for long term investors and primarily for amateur traders.
REGISTER NOW ON SCALLOP EXCHANGE, click HERE
Margin trading, or “buying on margin,” means borrowing money from your brokerage, and using that money to buy stocks. In simple terms, you’re taking out a loan, buying stocks with the lent money, and repaying that loan typically with interest at a later date.
Margin trading can be used to open both long and short positions. A long position reflects an assumption that the price of the asset will go up, while a short position reflects the opposite. While the margin position is open, the trader’s assets act as collateral for the borrowed funds.
For detailed steps on how to start trading, click HERE
Futures trading means a process where traders buy or sell assets in the future at a specific price and date
Futures trading is one of the preferred options among experienced traders because profit can be made from either direction of the market.
In futures trading, you can participate in market movements and make a profit by going long or short on a futures contract.
By going long, a trader buys a futures contract with the expectation that it will rise in value in the future.
Conversely, a trader sells a futures contract to go short, to bet on prices to decline in the future.
When trading on the exchange, you enjoy;
- 125x Leverage
- Direct Bank Funding
- Robust Security
- Great User Interface
All $SCLP holder can earn daily rewards by staking their tokens.
Holders are able to stake SCLP tokens for a minimum period of 30 days and a maximum period of 4 years with higher APY awarded for longer periods of staking. With up to 80% APY is available on the platform!
How To Stake:
Go to: stake.scallopx.com
- Click ‘Connect Wallet’ in the top right-hand corner of the page to connect your MetaMask Wallet to the platform
- After successfully connecting your wallet, input the amount of SCLP that you would like to stake, select a period of time that you would like to stake for and then click ‘Proceed’.
- A MetaMask pop-up window will appear. Please follow the instructions to complete the transaction.
After successful completion of the transaction, your SCLP tokens will be locked into the platform for the duration of the period selected.
Scallop is an innovative fintech ecosystem for users who want a faster, more efficient way to manage their crypto + fiat in a single place securely. Scallop’s mission is to bring digital assets into mainstream use and bridge the gap between decentralised and traditional finance.