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Earn BCH with Detoken

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Avatar for Pisces-jr15
Written by ย ย 84
1 year ago

Are you an aspiring 1 BCH holder? Do you want to have additional source of your BCH income?

If yes, Detoken is another good site for earning BCH. I used this site for a couple of days now, so far I like the service and the simple feature it offers.

As part of my BCH goal for 2021, I will add this trading platform as one of my source of BCH earnings.

What is Detoken?

Detoken is a non-custodial financial trading platform. Which only means we are always in control of our money. We can withdraw and deposit anytime our earnings here. One good thing is the transactions are based from Bitcoin cash. It is a futures contract wherein we predict the future price of the BCH.

How to create an Account?

To start, first register an account with this Detoken link (a referral link, so far reward is not yet available)

After clicking the Detoken Link, you will be redirected to this page wherein you will choose between creating new wallet and importing an existing one. In my case I created a new wallet so that I could easily track my earning and spending for this site.


Then you need to confirm if you are 18 years or older, must read and agreed with its user agreement and privacy policy, and confirm if you are not a resident of a prohibited jurisdiction or country.


Enter basic information such as your name, a valid email address and password. Your password must include having an uppercase, a number and a symbol.


You will now redirected to the back up of the seed words for the safety of our wallet. Just tap on the Show seed words and it will generate yout unique seed words that needs to be back up immediately.

I recommend to write it in your notebook and don't save it via screenshot or pasting on your phones notepad or any apps. This would prevent loss of your seeds and the probability that it might get by anyone with bad intentions to your crypto.

Here's an example of seed words. It consists of 12 unique random words. I blurred some words for the protection of my wallet ๐Ÿ˜.

Then tick the box ensuring that you understand what a seed words is and that you backed them up and click continue.


Another extra layer or protection is the 2fa. Just set it up and then after that an email will be sent to you, check it out and verify your account.

After clicking the link sent to your email, next step is to log in to the site. And let the trading begin๐Ÿ˜†


The first page you will see after logging in is your Dashboard. Unlike other trading platform, Detoken has a simple user interface. I could say that it is user friendly, especially for a beginner.

This is also the page where you start opening our position.

  1. Receive : To fund your account with BCH, the receiving BCH address will be found here.

  2. Send : To withdraw your earnings, click here and enter your personal BCH address.

  3. BCH/USD : You will see the current price of Bitcoin cash in US dollars. This will also be the entry price of your position if you start the trade.

  4. Hedge : This mode will lock the USD value of our BCH for 24 hour period or 144 blocks to be exact.

  5. Long : This mode is used if you predict that the price of BCH after 24 hours or 144 blocks to be exact will increase in relation to the entry price.

  6. Balance : You will see your remaining balance here in BCH and in USD value.

  7. Margin : Here you will enter your BCH willing to be a margin for that particular position. You can also click MAX to use all of your balance.

  8. Start : If you are done entering your margin and Analysed the BCH price, Tap here to start the position click here.

To start a position, simply chose between Hedge or Long, enter your margin and click Start.

A minimum of at least 0.005 bch is needed for a long trade and atleast 0.0012 bch for hedge.


Hedge or Long?

Hedge - With this, we can lock the value of Bitcoincash, escaping the price volatility and stabilizing its USD value. For more info about Hedge, check my article about Earn with Hedge.

Long - We predict the price will increase. It has a leverage of 3x which is very safe.

My Position

To access your position, just tap on three horizontal lines on top right of the screen.

As of now, my position is on Long. I took advantage of the price drop of BCH last day which I entered on $381 BCH price, and I predicted it will increase after 24 hours.

Here's the existing position at the time of writing this article.

So far my P&L or the Profit & Loss is green, which means as of that time, I earned from $1.96 to $2.19.

Conclusion

I must say, It is a must-have platform for us BCH enthusiasts. ๐Ÿ’š

Simple and safer compared to other trading. With a combination of risk management and learning the price movement, this can be a profitable platform.

The downside of this is we can not close the position manually, but we need to wait for 24 hours(144 blocks) and it will automatically close my position, even if we earn or lost.

But so far, I really like this trading platform, very simple and less risky than any other platforms I had. ๐Ÿ‘

Another thing I like about this is the fees, the contract fees are fixed to 0.3% of the size of our position and it is paid during the creation of contract or position.

If you are familiar with Futures Trading, this one will be easier for you to understand. For newbie trader like me, this one is also great way to earn additional profit with a less riskier leverage.

But, take note that Basics in trading is still necessary. Manage risk by learning the price movement before entering position, don't put all your money in a single position. And do your own research as this article is not a financial advice.


Related Articles:

Detoken Experience (back up wallet to Electroncash)

Detoken: Hedge to Earn BCH

More ways to Earn BCH


#TradeSafely

#Club1BCH ๐Ÿ’š

39
$ 19.48
$ 10.00 from @MarcDeMesel
$ 9.04 from @TheRandomRewarder
$ 0.27 from @Telesfor
+ 3
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Written by ย ย 84
1 year ago
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Comments

Working pa toh? :)

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1 year ago

Yes, working pa din.

Btw, about sa research, san kita pede mcontact? Hehe

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1 year ago

[deleted]

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1 year ago

Pede mo na idelete, naka maspam email mo haha. Salamat.

If ok din na tawag sana? ๐Ÿ˜ may telegram ka?

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1 year ago

Meron n ako telegram installed ko ulit hahaha

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1 year ago

Ay sige, anong username mo hahha

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1 year ago

Sorry i fell asleep...

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1 year ago

iAmGlez

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1 year ago

Kita ko na, hehe. Thanks

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1 year ago

:) np

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1 year ago

Oo meron pro n uninstall ko yata hahaha check ko

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1 year ago

Thanks for this. I will try detoken now! :)

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1 year ago

I am glad na naligaw ako sa profile mo at nabasa ko tong Detoken. Maraming maraming salamat!

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1 year ago

Walang anuman.. Sana nakatulong tony munting article ko. Good luck sa pag Detokenโ˜บ๏ธ

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1 year ago

Kinakabahan ako minsan sa ganyan baka kapag malaki na yung kinita ko biglang magkaroon ng kyc, wag naman sana

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1 year ago

Hindi po sya mgkakaroon ng kyc kasi DeFi ang detoken. Then yung wallet na gamit mo sa detoken ay non custodial, meaning owned natin ung wallet unlike for example sa coinsph, we don't own our wallet. Nasa atin ang private keys or seed words sa detoken โ˜บ๏ธ

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1 year ago

Nice article

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1 year ago

Ayooooon finally found this one at nagka time din magbasa hahaha salamat po sa tips never pa ako nag trade sa real puro demo hahaha. I will surely try this one๐Ÿ˜Šโ˜บ

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1 year ago

Good luck po. Check out din ung article sa pag back up ng seeds. โ˜บ๏ธ

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1 year ago

Salamat sa advice!!!๐Ÿคช๐Ÿ’š๐Ÿ’š

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1 year ago

Thanks for sharing this! ๐Ÿ’š

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1 year ago

Welcome po.. ๐Ÿ’š

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1 year ago

May minimum yung hedging sis .

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1 year ago

Pag hedge at least 5usd or 0.002 to 0.005 bch minimum po, nagiiba kasi minsan

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1 year ago

May 3 na ako dun. Transfer ulit ako 2.

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1 year ago

Ok poโ˜บ๏ธ good luck on hedging ๐Ÿฅณ

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1 year ago

Thanks sa info

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1 year ago

Welcome ๐Ÿ˜Š

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1 year ago

For hedging.. Panu kikita kung nakalock naman sya? Ito pla tinutukoy ni sir telesfor

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1 year ago

Kikita sya kasi para syang short. Pero lock ung usd value po. Check mo po article ko about hedge may sample po ko ๐Ÿ˜Š

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1 year ago

thanks for sharing. I want to try this too.

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1 year ago

Hello. Gusto ko lang malaman na once malock yung bch for 24hrs tapos bumaba yung value ni bch from the value na pinasok mo, makakaearn ka padin?

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1 year ago

Kung hedge oo, Kasi kunwari nagentry ka ng worth $5 ng bch. Tpos after 24hours nagclose na ung position mo bumaba ung value ng bch, Andun pa din ung $5 mo, then mcoconvert uli siya sa bch

Technically para kang nabawasan or nadagdagan ng bch amount, pero yung bch value is still $5. Earnings pa din sya๐Ÿ˜Š

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1 year ago

Kaya pala di lumalabas sa notif ko yung posts mo kasi di pa ako nagsub. Sorry po hahaha ngayon okay na๐Ÿ˜† akala ko kasi nagsub na ako hahaha. Anyways so need po nating magdeposit? And wala po s'ya nung sell/short? Tama po ba? Hehehe

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1 year ago

Haha ayos lang yan. Salamat๐Ÿ˜† Oo need ng deposit e, Yes wala short dyan. Either hedge or long lang siya

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1 year ago

Kapag hedge parang magiging stable coin s'ya for 24hrs, it means wala ako profit wala din loss then kapag long naman predict lang kung tataas kalag tama edi may profit, kapag mali edi loss na? Tama ba pagkakaintindi ko?๐Ÿ˜†

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1 year ago

Sa hedge pinagaaralan ko pa pano rule nya. Mamayang gabi pa end ng position. Pero oo maglock ung usd price nya.

Sa long yes tama ka, price prediction mo is paakyat lang. Loss na pag mali, depende sa laki ng binaba ung loss. Di naman buong margin ung mawawala kasi 3x leverage

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1 year ago

I tried it out today. It works very well. One important note. The position does not last 24 hours, but 144 blocks. I bet on a rising price after 24, but on that day BCH blocks were mined very often, so 144 blocks were already mined after 20 hours. After 24 hours the price was higher, but after 144 blocks and 20 hours the price was lower than my starting price. On other days it can be the other way round and the 144 blocks can take much longer than 24 hours.

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1 year ago

Oh yeah 144blocks, the 24 hours is approximate only, thanks for that, I'll take note of it๐Ÿ˜Š

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1 year ago

E save ko na muna medyo nalilito din ako haha. Pero Ano mas maganda hedge or long? and Minimum $2 dollars of BCH? E try ko to bukas haha.

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1 year ago

Sa ngayon Long pa lang nasusubukan ko. Ung hedge kakasalang ko lang kagabi, tignan natin mamaya if anong outcome. Balitaan ko kayo. ๐Ÿ˜

Oo 2usd worth or 0.005 para sure. Hehe

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1 year ago

okay Mauna ka muna haha. meron na ako sa link ni Sir Telesfor di ko pa sinusubukan.

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1 year ago

Oo. Haha testing ko muna para mas clear. Haha. Sa site kasi sabi malock ung usd value ng bch ko. Sa ngayon oo nakalock nga sya kahit bumaba ung bch. Pero ung bch value un ung bumaba, wait ko maclose ung position

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1 year ago

ah medyo di ko pa ma gets maybe later matutulog muna ako haha.

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1 year ago

Haha sige goodnight haha

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1 year ago

So this is the detoken. Thanks for this. I will definitely try this coz I miss trading.

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1 year ago

Yeah. Trading also misses you๐Ÿ˜† Thank you๐Ÿ˜

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1 year ago

Question:

๐Ÿ‘‰ Magkano minimum pde ko isend na bch sa detoken? ๐Ÿ‘‰ Magkano din minimum amount pag nag trade? Kung namention mo na sa article mo, sorry, bangag siguro ako nung binasa ko to.. Hehehe.

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1 year ago

If hedge at least 0.01 or 0.02, If long at least 0.004 or 0.005

Pag minimum depo, natry ko 1usd worth ng bch, tinanggap naman kaso ayun di makastart ng trade. Need at least 0.005 for long trade ๐Ÿ˜

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1 year ago

0.005 is equivalent to ano sa $$$? Sorry kulit ko.

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1 year ago

As of now more or less 2usd equivalent nya Haha ayos lang๐Ÿ˜

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1 year ago

Salamat.. Sige matry ko nga to ngayon.. Balitaan kita ha pag me questions ako.. Hehehe.. Salamat.

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1 year ago

No problem ๐Ÿ‘ haha hanggat kaya sagutin. Good luck๐Ÿ˜Š

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1 year ago

Nice, notice ni sir Marc. The numbering are like my style ๐Ÿ˜†๐Ÿ˜†

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1 year ago

Ay haha. Sa youtube tuts ko nkita ung numbering sa ss๐Ÿ˜†di ko po napansin hehe

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1 year ago

nice thanks

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1 year ago

Nagaling ka talaga mag paliwanag bata, sana owl. Bano kasi ako mag paliwanag lalo nagugulo ๐Ÿ˜’

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1 year ago

Nyeh. Maganda din kaya mga paliwanag sa articles mo. Di naman magulo eee๐Ÿ˜Š

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1 year ago

Wag na magturuan mas maganda gawa no, see napansin ni sir Marc ๐Ÿ˜ฑ

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1 year ago

Parehas nalang, lahat tayo. ๐Ÿ˜Š

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1 year ago

Im interesting with articel, nice

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1 year ago

Hmmmmm. Maaral nga to.. Trying to learn binance kanina.. Unahin ko nga to. Thank you for this. Pede ba mangulit kapag di na kayaking brain cells? ๐Ÿ™ˆ

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1 year ago

Try mo rin ung kucoins

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1 year ago

Kamusta naman binance lesson mo? Haha. Ayos lang, as long kaya din ng brain cells ko haha. Goodluck ๐Ÿฅณ

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1 year ago

Di ko tinapos. Ang gulo ng itsura nastress ako haha. Ngdedetoken na ko.. Nagiisip pa if hedge or long ๐Ÿ˜น

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1 year ago

Wow Im becoming a fan everytime I read your article.

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1 year ago

โ˜บ๏ธ Thank you, I appreciate it๐Ÿฅณ

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1 year ago

Thanks again for this super well explained step-by-step process.

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1 year ago

Welcome ๐Ÿ™‚ and thank you too for reading my article. I hope it helps

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1 year ago

I am trying to absorb everything ๐Ÿ˜

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1 year ago

Ok. If you have any questions, feel free to ask. โ˜บ๏ธ Good luck๐ŸŽ‰

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1 year ago

Okidokie!

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1 year ago