@Pantera 1 November 2022 edited

BCH Bull - Here's What You Need To Know! Top DeFi Derivative Trading Experience On The BCH Chain

Non-custodial derivatives trading web application **BCH Bull** is now live (in an open beta stage). https://bchbull.com/ **BCH Bull** is a game-changer trading app offering decentralized leveraged trading. https://bchbull.com/ The app uses the Layer-1 UTXO-level smart contract capabilities of Bitcoin Cash. **BCH Bull** utilizes **Anyhedge** smart contracts (created by **General Protocols**) that ease the handling of high volumes and benefit from the minimal fees that characterize the Bitcoin Cash network. https://bchbull.com/ https://anyhedge.com/ https://generalprotocols.com/ General Protocols is a company developing financial tools on top of the **robust** **Bitcoin Cash** **blockchain**. https://bitcoincash.org/ Each position is an independent UTXO smart contract on the Bitcoin Cash blockchain. Long or Hedge BCH against various cryptocurrency assets, national fiat, and precious metals with BCH Bull with trades opening and settling in BCH. I tested **BCH Bull**, so let’s see the results. https://bchbull.com/

Be The Bull!

Directly to the testing of the platform. We begin with the trading pairs **BCH Bull** offers: https://bchbull.com/ **Bitcoin Cash BCH** is the currency the trade opens and settles at. We can open positions BCH long positions against **USD, CNY, INR, XAU, XAG, BTC, ETH and DOGE.**

These assets present large volumes in ForEX, commodity, and crypto exchanges, so the selection seems justified. Required Steps: **Step 1:** We begin by selecting a receiving address that the platform will use to distribute the outcome of our trade.

**Step 2:**  The website will also automatically generate a new Bitcoin Cash address the first time we visit.

**Back up the key from the "Account" option on the BCH Bull Menu**. We describe the BCH Bull menu next.

The BCH Bull Options: First, we explore the menu of the BCH Bull app:

**Overview:** With this option, we monitor our active and settled contracts with more details on our profit/losses, the results of our trade, as well as the maturity of our contract.

From this page we can extract further information regarding the status of the smart contract, and details about our trade:

**Speculate: (LONG up to 5x)** With this option, **we open a long position** using BCH as the base currency (BCH is also the settlement currency). BCH Bulls uses BCH as the currency contracts open and settle. The processes are pure DeFi on-chain smart contracts with no central authority. *I tested the platform, opening a long position in the next part of this review. (see below) **Stabilize: (SHORT)** With this option, we hedge BCH. This feature also offers the protection option that selects the price target, and traders can adjust between 20% to 50% lower. If the price reaches the target, the contract pays off the trade. When our position matures (expires), if the price has not reached the desired target, the contract will liquidate the position. **Address:** Here, we can change the payment address. Users can’t change the address on active positions. **Oracles**: The Oracles operator is General Protocols. This option opens the oracles.cash platform which BCH Bull uses. (An Oracle is a service fetching real-life data like asset prices or weather data from trusted sources and integrating them into decentralized smart contracts). https://oracles.cash/ **History**: We can revisit our trading history and find received notifications. **Account**: The page we find the private key used (back up the key). **Theme**: Dark mode. **Leave**: Remember to save the private key before pressing this option. The BCH Bull website also offers a user guide, plenty of explainer videos, detailed information about the project, and instructions. https://bchbull.com/user-guide.html https://vimeo.com/762221523 The media part of the website also contains a charming collection of art drawings "The BCH Chronicles" and various BCH Bull posters. https://bchbull.com/media.html

Opening a Long with BCH Bull (BCHUSD) I checked the charts, and it was all looking bad, so as a crypto perma-bull, I opened my **long** with **5x** leverage and **a 12-hour** expiry with a testing amount.

The interface is slick and user-friendly, making the trade easy for anyone to make. The platform described the exact price it will liquidate my position ($91,54), which is exactly minus 20%. With this trade, a 20% increase in the price of BCH will pay 100% of my initial investment minus the premium fees. All the platforms I’ve used so far to trade were challenging to operate, at least at the beginning. All trading platforms contain options nobody uses and confuse their users.

BCH-Bull kept a 3.4% premium, which may seem excessive, although the platform fee is not standard but depends on market mechanics and the rate of leverage we use. The bell on the top right of the screen notified me of my position status:

I paid $51,70 for the trade to fund my position and waited 12 hours for the result. 12 Hours Later The market overall is not in terrible shape lately as we witness signs of recovery in various crypto assets.

My trade settled successfully, and I acquired a 4.9% profit. ($2,42 in BCH). I received the payment seconds after the contract matured in the designated wallet. **My BCH Bull test was successful, and everything went as expected.**

Pros and Cons BCH Bull in this open beta version left me completely satisfied. Traders will love the app, and I undoubtedly recommend it. It also contains trading options not found in centralized exchanges or DeFi websites. Positives: **DeFi:** Non-custodial decentralized derivatives trading. Traders will love BCH Bull, especially being aware of centralization failures and exchange issues. **Low leverage:** A reliable trading app focused on the trader's needs with low maximum risk. Up to 5x. **Ease of Use:** Self-explanatory Tools **Powered By Bitcoin Cash:** Unlike Ethereum, fees of Bitcoin Cash are reliable and stable at less than a cent of the dollar rate. **Powered by General Protocols:** The technical expertise of General Protocols guarantees continues development. **Variety of assets:** Gold, Silver, Indian Rupee, Chinese Yuan, USD, Ethereum, BTC, and Doge. Feedback A modern-looking UI would make the platform more appealing, especially with all the gamification we've observed in the DeFi field lately. Traders got accustomed to rooms like Uniswap, Pancakeswap, or exchanges like Binance.  The platform still has room for improvement mostly in visual details that enhance the user experience. Still, in practical terms, it presents a decent alternative to other crypto-derivatives options with a user-friendly approach.

Conclusion

**BCH Bull** restores the essence of cryptocurrency in the crypto trading domain. https://bchbull.com/ The permissionless and trustless features of decentralized blockchains apply within a true DeFi app, promoting the highest crypto standards. **BCH Bull** is a breakthrough trading app traders will find practical since it removes the middle man (exchanges) and the risk centralized entities bear. https://bchbull.com/ No sign-up is required, and new users can easily adjust and open a position within a minute. Easy to handle with carefully adjusted options to not allow common mistakes while trading. I loved **BCH Bull** while testing it, and I’ll definitely use it again in the future. https://bchbull.com/ Useful Links: ***BCH Bull Website*** https://bchbull.com/ ***Official User Guide*** https://bchbull.com/user-guide.html ***BCH Bull App*** https://app.bchbull.com/ **Social Media & Contact** ***Twitter*** https://twitter.com/bch_bull? ***Vimeo*** https://vimeo.com/bchbull ***Instagram*** https://www.instagram.com/bchbull/ ***Telegram*** https://t.me/bchbull BCH Bulls On The News: *Decentralized App BCH Bull Prepares for Launch, Platform Allows Users to Long or Hedge Bitcoin Cash Against a Myriad of Tradeable Assets****,*** *Bitcoin.com* https://news.bitcoin.com/decentralized-app-bch-bull-prepares-for-launch-platform-allows-users-to-long-or-hedge-bitcoin-cash-against-a-myriad-of-tradeable-assets/

*No affiliate links used in this article.* ***Lead Image by*** ***ArtTower*** ***on*** ***Pixabay*** https://pixabay.com/users/arttower-5337/ https://pixabay.com/photos/usa-new-york-wall-street-bull-3004860/ ***Screenshots and images used from BCH Bull Media (******Media Kit******),*** ***BCH Bull website******, and*** ***BCH Bull app******.*** https://bchbull.com/media.html#mediakit https://app.bchbull.com/ *If you are, or represent, the copyright owner of images used in this article, and have an issue with the use of said material, please notify me.* *Coming next, I will test the* ***Anyhedge integration*** *in the* ***Paytaca wallet****.* **Also Read:** ***Crypto Is A Spectacular Innovative Technology. Definitely Not Dead!*** https://read.cash/@Pantera/crypto-is-a-spectacular-innovative-technology-definitely-not-dead-aba249c2 ***A COLOSSAL Financial MELTDOWN Is Imminent - Crypto Our LAST HOPE*** https://read.cash/@Pantera/a-colossal-financial-meltdown-is-imminent-crypto-our-last-hope-db85c98d **Posting on:** ***●*** *****read.cash***** ***●*** *****noise.cash***** ***●*** ***noise.app*** ***●*** *****Medium***** ***●*** *****Hive***** ***●*** *****Steemit*****  ***●********Vocal*****  ***●*** *****Minds***** ***●*** ***Publish0x*** ***●*** *****Twitter*****  https://read.cash/@Pantera https://noise.cash/u/Pantera99 https://noise.app/Pantera https://medium.com/@panterabch https://hive.blog/@pantera1 https://steemit.com/@pantera1 https://vocal.media/authors/pantera https://www.minds.com/pantera99/ https://www.publish0x.com/@Pantera1 https://twitter.com/Panterabch *Also, visit my second Medium profile:* *Ex Cathedra* *and delve into the unknown!* https://excathedrax.medium.com/

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