WCX is a trading platform where you can use BTC to speculate on the price movement of financial markets.
I open a 10 BTC buy position and price rises 10%. I gain 10% × 10 BTC = 1 BTC.
I open a 20 BTC sell position and price declines 10%. I gain 10% × 20 BTC = 2 BTC.
I open a 10 BTC buy position and price declines 10%. I lose 10% × 10 BTC = 1 BTC.
I open a 20 BTC sell position and price rises 10%. I lose 10% × 20 BTC = 2 BTC.
Check our in-depth example for more details.
To trade, you need to deposit BTC. Go to the trading dashboard and click on the Deposit button in the left sidebar to get a deposit address. Deposits are credited after 1 confirmation on the blockchain.
WCX also offers unlimited, risk-free demo trading. You get 10 BTC to demo trade, which you can refill indefinitely. Demo trading works exactly like real trading, except your balance is fictional. You can switch between your real and demo accounts from the top left corner of your dashboard.
Enter an Amount in the left sidebar. The amount you enter is your total order size, including leverage.
Click on Buy to profit from the price rising or Sell to profit from the price falling.
To close an active position at market price, click on the X next to your position in the Positions panel.
When you close a position, its profit or loss is added to your balance.
You can also close your position at a predetermined take-profit and/or stop-loss price. Simply click on your position then on the TP/SL tab to set those.
You can partially close an active position by using the Split feature.
Click on a position in your Positions panel to bring up the position's Details.
Click on the Split tab.
Enter an amount or percent you want to split off, then click Split Position.
Your position is now split into two smaller positions, which you can close independently.
Set an Amount in the left sidebar.
Click on Advanced, then set a Take-Profit and/or Stop-Loss for your position.
Click on Buy or Sell to submit your position.
You can also edit Take-Profit and Stop-Loss on an active position as is shown in the video.
Enter an Amount in the left sidebar.
Click on Advanced, then set a Price for your order.
Click on Buy or Sell to submit your order.
Pending orders act like limit orders or stop orders, depending on the price you submit. They work in both directions.
To cancel a pending order, click on the X next to it in the Orders panel.
Add a layer of security to your account by enabling 2-factor authentication (2FA) from your Settings.
2:13 Trading Dashboard
6:18 Submitting a Trade
9:02 Pending Orders
11:44 Numbers & P/L
14:03 Liquidation Price
15:20 Take-Profit & Stop-Loss
16:23 Splitting a position
17:59 Closing a position
To get started with WCX:
You can always contact support if you have additional questions.