You can hold either Long or Short positions on Geco.one.
Short-selling is selling when you think the price is high with the idea to re-buy lower. This strategy capitalizes on anticipated market decline.
Long-selling is buying at a price you believe to be low, with the intention of re-selling high. This strategy capitalizes on the anticipated market rise.
Launched in August 2020, Geco.one is a Crypto Margin Exchange that offers access to the top Cryptocurrency pairs. You can create a limitless number of trading accounts from one Geco.one main account.
Trade most popular cryptocurrency/USD pairs. You can find a detailed list of all available instruments and trading pairs here.
To start trading, first, you need to fund your account. There are two ways to fund your account:
1. You can directly send BTC, ETH, XRP, USDT, USDC and GEC from your personal wallet to your Geco.one wallet secured by BitGo.
2. Alternatively, you can deposit funds (BTC) through a 3rd party service available in the dashboard - Coinify, which allows you to purchase BTC, ETH, USDC, USDT and sell BTC using a credit or debit card (KYC verification required*).