Bitwells Exchange Launches 777 BTC Giveaway for Derivatives Traders

cryptonews.com:

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Victoria, Seychelles, 7th July, 2022, Chainwire

Bitwells, the leading crypto derivatives exchange, has launched a 100% deposit match for new signups. The programme will reward traders who deposit up to 10 BTC with a corresponding bonus amount. A total of 777 BTC has been set aside in a funding pool and allocated for the promotion.

A user who deposits 1 BTC, for example, will receive a total of 2 BTC credited to their account, while a trader who deposits the maximum 10 BTC will receive 20 BTC. The offer by Bitwells exchange is the most generous promotion of its kind within the industry.

Bitcoin’s high volatility has made it an attractive proposition for traders looking to profit from the intraday swings. Adroit traders who take advantage of these opportunities often report impressive ROI from 100% up to 1,00%. The provision of a 100% deposit match by Bitwells provides a cushion for derivatives traders and an opportunity to further bolster their earnings.

A trader might use 1 BTC to open a long contract when Bitcoin is trading at USD 20,000. Should they elect to use 100x leverage, this would entitle them to open a contract worth 100 BTC. If the price of Bitcoin increase to USD 25,000, the profit would be (25,000 – 20,000) * 100 / 25,000  = 20 BTC, making an ROI of 2,000%.

Although not withdrawable, the deposit bonus can be used as margin to open bigger positions and take more profit. Any profit made with the bonus is wholly withdrawable. With the safety net of bigger margin to play with, traders’ positions are less likely to get liquidated when there are major price swings.

Bitwells is a reputable crypto derivatives platform offering 100x