Markets today, July 06, 2022 – trader's diary

Crypto Miner What is Libertex mining tool?

In Libertex's new tool – the Crypto Miner – we can mine bitcoin in the cloud and receive bitcoins as bonus funds that can be used in trading.

To find the Crypto Miner, when entering from the Libertex app, go to the "More> tools" menu (fig.1)  
By activating the "Mine" button, you will start mining bitcoin in the cloud.

Where is bitcoin mined?

Libertex Crypto Miner enables users to mine bitcoin in the cloud without using the device resources, such as, the CPU, the battery, the graphics cards, or other types of hardware.

All you have to do is press the "Mine" button. Complete the security puzzle (Fig. 3), and you will start mining bitcoin from the Libertex app (Fig.4).

The mining process has a period of four hours, following which we will have to restart the miner, thus ensuring a stable mining process for all our clients at the highest possible speed.

First step: let's go to the tutorial to learn about this new tool

The tutorial (Fig. 5) is important to learn about the Crypto Miner. 

The Crypto Miner, though very simple to operate, has its peculiar features. Since we are mining bitcoin, the final amount of USD may vary depending on the price of BTC vs USD.

The conditions to access the app (Fig. 6) are very simple. We should first open a Libertex CFD account, go through the identification and due diligence process, and log in to the Libertex app. Once done, we are able to mine bitcoin in the cloud.

To transfer the mined funds to the Libertex account, you have to exchange BTC to US dollars. This process can take between 5 minutes and 2 hours.

The accumulation and transfer of bonuses for participating in the programme

The earned bonus is calculated in bitcoin and credited to your Crypto Miner. When transferred from the miner, the amount is then converted to USD at the current market price. It must be at least 10 dollars in bitcoin for the bonus to be transferred, provided that the mining session is complete (closed).

When transferring the bonus funds from the Crypto Miner to the Libertex CFD account, the amount debited in USD may differ from the amount credited in USD due to changes in the price of BTC vs USD.

The bonus you receive for referring the miner to your friends is 15% of the amount of money they have mined and withdrawn 

Get this way to increase your bonus funds and use them for trading operations.

The number of friends you can refer is unlimited (Fig. 8), which allows you to accumulate bonus funds (bonuses). Bonuses credited under the programme have no deadline, the bonus is credited to the participant each time a referred friend withdraws the bonus from the Crypto Miner (Fig. 9).
As I mentioned earlier, the amount of bonus you receive is 15% of the funds withdrawn by your friend from his Crypto Miner.

How can I take advantage of mining in the Libertex app?

Ask yourself: are you a trader or an investor? Or both? Yes, you can combine both strategies with Libertex! 

In trading, you need more time to analyse as you will be buying and selling with more intensity. You have the option to analyse technical charts in the Libertex app and choose from over 300 trading instruments, CFDs on stocks and indices. 

Mining in the Libertex Crypto Miner allows you to receive bonuses without the need to have all your funds for trading and/or investment.   For some percentage of your funds, you can put together a medium-term diversified strategy with the aim of obtaining constant dividend yields. At the same time, you must leave a percentage for short-term trading and with the mining bonuses open technical trading positions and execute two strategies in one, diversifying the risk of your portfolio.

Having deposited in the Libertex CFD account, you will be able to start mining in the Crypto Miner and, at the same time, study and analyse ways to put together your investment and trading strategy.

Trading involves great risk and, therefore, for us to be successful in our Libertex CFD account, we must be well prepared. 

For example, a Libertex CFD user with an account of about a thousand dollars performs a CFD operation, while their Crypto Miner bonus is used for daily trading, in this way they manage to unify two strategies: a more defensive one – aimed at protecting your capital and obtaining a passive return (dividends), and the other one – more aggressive with the aim of taking advantage of short-term moments in the price change of CFDs of companies, indices, currencies, commodities, and/or cryptocurrencies. 

The Libertex CFD app offers trading tools where you can build chart analyses for different instruments that will help you to identify trends or search for a side market.      

Important note! Bonuses received under the programme can only be used for trading. Profits from the same trading can be withdrawn.

What are you waiting for? 
Start mining in the Crypto Miner, while you discover and analyse further so that success in trading becomes a consequence of your investment strategy.