Visit the generic CryptoFacilities walkthrough we have to get started with setting up your account and depositing. Here we will go over the specific Turbo product and how you can trade safely with high leverage. Start by going to the "Account" section of the site to fund your Turbo account:
Note: If you are already in a position, the Initial Margin on the right side will show as 0 BTC, because it won't cost you any margin to exit a position. If you are short and have, say, a -1 Contract position, then you just Buy 1 contract in the market to close out your position.
Back to the trading: you can make it a market or a limit order, I decided to press "Market" and then sell the 2 contracts -- REMEMBER YOU DO NOT NEED TO "OWN" FUTURES CONTRACTS TO SELL THEM SHORT! You are just taking one side of the contract and putting up margin to be short. See the main futures guide to learn these basics if you're confused.
If I went LONG and was +2 Contracts Position, I would just need to SELL 2 contracts in order to close out my position and capture any profit (or loss). You can go long just as easily as you can go short on BTCUSD using CryptoFacilities bitcoin futures contracts. All it requires is bitcoin to put in margin, and the exchange manages the risk well with liquidations and termination to avoid any social loss clawback of profits.
This is how easy it is. You can monitor your PNL under "account" and then "Margin Accounts". Click "Bitcoin Futures" or "Bitcoin Turbos" to show either summary and you will get an overview of what your liquidation and termination thresholds are too:
Enjoy trading on CryptoFacilities with NO clawbacks, no waiting for withdrawing your profits, and not being worried about any shadiness because they are properly audited and have FCA regulatory recognition.
Get $10 in Bitcoin when you sign up and make your first trade using this link.