How can I purchase put options on crypto?

1 answers

• Dec 28, 2021 · 3 years ago
  BYDFi is a popular cryptocurrency options exchange that offers put options trading. Here's how you can purchase put options on crypto using BYDFi: 1. Sign up for an account on BYDFi and complete the necessary verification process. 2. Deposit funds into your BYDFi account. 3. Navigate to the options trading section on the BYDFi platform. 4. Select the cryptocurrency you want to purchase put options for. 5. Choose the expiration date and strike price for the put options. 6. Enter the quantity of put options you want to purchase. 7. Review your order and confirm the purchase. 8. Monitor the performance of your put options and make informed decisions. Please note that investing in options involves risks, and it's important to understand the market and seek professional advice if needed. Happy trading on BYDFi!
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