How to Start Bitlevex Trading in 2022: A Step-By-Step Guide for Beginners

How to Start Bitlevex Trading in 2022: A Step-By-Step Guide for Beginners


How to Register at Bitlevex
 

How to Register Bitlevex Account [PC Web]

Follow these steps to create and verify a BITLEVEX account. All BITLEVEX accounts must be verified to withdraw funds. It is strongly recommended to deposit funds and trade after your account is verified.

NOTE: All BITLEVEX accounts are designated by a unique email address. The email address is also the Username to log in to the account.

1. Click here to start the registration process: https://bitlevex.com/registration , or click "Get Started" at Home page.
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners
2. Enter your full name into the "First name" and "Last name" field.

3. Enter your email address into the "E-mail address" field. This will be the account Username.

4. Choose your country and enter valid phone number.

5. Enter a password in the "Password" field. Passwords must be at least 8 characters long. It is highly recommended to create a password of 12 or more characters including letters and symbols to enhance password security.

6. Review the "Terms of Service" carefully. When you have read, understand, and agree to ALL conditions and restrictions to own and use a BITLEVEX account, check the box next to "I have read and agree with Terms"

7. Click on the "Sign In" button.
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners
You are notified that a registration email has been sent to the account email. If you do not receive the confirmation message within a few minutes, please check your junk mail folder.

The subject of the email is: "BITLEVEX Account registration." It has a link or button that must be clicked or pasted into your browser to verify the account.
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners
The account is now registered and verified.
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners

How to Register Bitlevex Account [Mobile Web]

1. Click here to start the registration process: https://bitlevex.com/registration , or click "Get Started" at Home page.
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners
2. Enter your full name into the "First name" and "Last name" field.

3. Enter your email address into the "E-mail address" field. This will be the account Username.

4. Choose your country and enter valid phone number.

5. Enter a password in the "Password" field. Passwords must be at least 8 characters long. It is highly recommended to create a password of 12 or more characters including letters and symbols to enhance password security.

6. Review the "Terms of Service" carefully. When you have read, understand, and agree to ALL conditions and restrictions to own and use a BITLEVEX account, check the box next to "I have read and agree with Terms"

7. Click on the "Sign In" button.
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners
You are notified that a registration email has been sent to the account email. If you do not receive the confirmation message within a few minutes, please check your junk mail folder.

The subject of the email is: "BITLEVEX Account registration." It has a link or button that must be clicked or pasted into your browser to verify the account.
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners
The account is now registered and verified.
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners

How to Verify account in Bitlevex


To make deposits and make withdrawals from your Bitlevex account, you will need to go through the verification process.

The verification process for Bitlevex is a standardized compliance measure for anti-money laundering (AML), know your customer (KYC), and counter-terrorism financing (CTF) laws and regulations.

To get verified:
  1. Navigate to your "Account" section, which can be found in the top right corner of your Bitlevex platform, and press "My Profile".
  2. In your profile data section choose: Upgrade My Account
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners
The process consists of the following steps:
  • You will have to submit the following documents:
    • A picture containing - Passport, ID card, Drivers license, or any other document that is declaring your identification.
    • A selfie with the corresponding document holding in your hands, so your face and document are clearly visible.
    • A utility bill, containing your home address that is not more than 3 months old.
  • Approving that you are not a Politically Exposed Person(PEP) or a family member, or a known/closed associate with a PEP.
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners
Once all these steps are finished the processing time can take up to 24 hours, depending on the level of submitted applications.

Upon successful verification, you will be notified via email.

Keep in mind that you do not need to be verified to start trading - Verification is essential for users wishing to withdraw currencies and comply with all AML procedures.

Verification requirements for individual accounts are as follows: 
  • At least 18 years old.
  • Information: country of residence, city, telephone number, date of birth, residential address.
  • Identification: Valid government-issued identification with picture; i.e., passport, national ID card, driving license, residency card, employment permit card, etc.
  • Proof of Address: a statement not older than 3 months from a utility, service company, licensed corporation, or government authority clearly indicating your name and residential address.
  • For Tier3 users, it will require to add documentation stating the source of income. (Tax declaration, payslip etc.)

As per our Terms of Service, we reserve the right to ask for KYC information at any point in time if your account activity raises any red flags.

How to Deposit in Bitlevex

 

Minimal requirements for deposits:

The minimum deposit amount at BITLEVEX is starting from 10$ using Credit card, Unlimint (Credit card method), Local methods, WebMoney or BTC and many other cryptocurrencies.

There may be additional minimum deposit amounts using other cryptocurrencies, because the service is being provided by Changelly. Additional information about minimum amounts can be found here : https://changelly.com/faq#what-is-the-maximal/minimal-amount?


To deposit funds into your wallet:

1. Login into your BITLEVEX account. 

2. On the top of the website press, the "Top up" button and a pop up will appear. Or choose "Transactions" in your logged-in account and press deposit.
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners
3. Select your desired currency of deposit and based on your desired method a different form will be available to enter detailed information about the amounts which you desire to add. Currently, only BTC, Credit card(VISA, Mastercard) and Unlimint (VISA, Mastercard) , Webmoney, and up to 165+ different cryptocurrencies are accepted with the cooperation with "Changelly"
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners

1.If you have chosen a credit card payment and entered all details correctly it can take up to 1 minute when your funds arrive into your account.

2. If local method is chosen, please select the method youre using in your country and complete all the required steps.
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners
3. If BTC is chosen, there has to be at least 3 block confirmations to receive funds into your account. (The BTC will be automatically converted to $ accordingly to the price of the asset upon when it arrived)
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners
4. If you wish to deposit with other cryptocurrencies, please choose the one you own, and complete all the requirements. (Using this method, your cryptocurrency will be automatically converted to BTC and sent as a BTC deposit). All transactions that are being transferred with this method is with cooperation with our partner "Changelly".
 

How to Trade Binary Options at Bitlevex
 

How to Open a Trade


In the top-left corner of the dashboard, you can track the current asset price and its trend.
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners
The candle chart helps you explore historical BTC price performance in different timeframes. There are also several tools and indicators you can use to analyze future price movements.
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners
This section enables you to construct custom option trades based on the parameters that you select. Lets see what we got here!
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners
Place a PUT or a CALL
If you speculate that the price of Bitcoin will increase, select the CALL option. On the contrary, if you believe that the price will drop, choose a PUT option.
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners
Next, choose the leverage
Indicate the margin (multiplier) by which you wish to execute the trade. Note that higher leverage is riskier, but often more rewarding.
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners
Choose the timeframe of maturity
Maturity refers to the timeframe of the contract expiration. Smaller time frames are often associated with higher risk, while longer timeframes are often safer and thus a great choice for beginners.

Please note, when choosing time maturity, it does not mean, that you need to wait until the end of maturity. You can start selling after 5 minutes from the option purchase.
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners
Enter the amount you wish to invest
Place an amount that falls within the upper and lower limits, as specified in the box.
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners
Purchase your option
Press this button to lock in the selections made above and purchase your option.
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners
Track your investments
Follow your active option trades and track their performance through multiple data points.

You can also see a history log with your previous trades by clicking on the HISTORY tab on the top-right corner of the table.
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners
Our platform integrates with TradingView to offer trading signals across different timeframes. This helps you improve your trading decisions.
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners
The order book helps you see what options other users are placing, as well as the current overall trend between PUTs and CALLs on the platform.
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners
You are now ready to trade BTC options!

What is Options Trading?

What are Options? 

Options are contracts that give the bearer the right, but not the obligation, to either buy or sell an amount of some underlying asset at a pre-determined price, referred to as the strike price, at or before the contract expires.

Each option contract will have a specific expiration date by which the holder must exercise their option. The stated price on an option is known as the strike price.

Call and Put Options:
  • A call can mean two things. It can refer to an option contract giving the owner the right, but not the obligation, to buy a specified amount of an underlying security at a specified price within a specified time. It can also refer to a call auction, a time when buyers set a maximum acceptable price to buy, and sellers set the minimum satisfactory price to sell a security on an exchange. Matching buyers and sellers in this process increases liquidity and decreases volatility. The auction is sometimes referred to as a call market.
  • A put is an options contract that gives the owner the right, but not the obligation, to sell a certain amount of the underlying asset, at a set price within a specific time. The buyer of a put option believes that the underlying stock will drop below the exercise price before the expiration date. The exercise price is the price that the underlying asset must reach for the put option contract to hold value.
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners

What is an Expiration Date?

An expiration date in options is the last day that an option contract is valid. On or before this day, investors will have already decided what to do with their expiring position.

Before an option expires, its owner can choose to exercise the option, close the position to realize their profit or loss or let the contract expire worthless.


What is an Option Premium?

An option premium is the current market price of an option contract. It is thus the income received by the seller (writer) of an option contract to another party.

European and American options

The European options can only be exercised on the expiration date, not before.

The American options can be exercised on or before the expiration date.

At the moment, we only consider European options

The price (premium) for the European options contract shall be calculated using a variation of the Black Scholes Model, see https://www.investopedia.com/terms/b/blackscholes.asp
 

How to Withdraw at Bitlevex
 

Withdraw funds from your Bitlevex wallet


1. Hover your mouse on the top right side of your screen and press "Transactions" or  press "Profile" and press "Wallet".
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners
2. Choose Withdraw
How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners
3. Enter your personal Bitcoin (BTC) wallet address where you want your withdrawal to be sent. 
  • When youre withdrawing money in BTC, the calculation will be automatic from $ to BTC amount. The process is manual and can take from 1 up to 72 hours. 
  • Additionally, a 5% withdrawal fee will be taken from your account, to cover the withdrawal fees.


How to get a Bitcoin wallet? 

How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners
Best for Beginners: Exodus

Exchange wallets: Binance, Coinbase, Kraken

Note

To be eligible for a withdrawal, make sure that your profile is verified to TIER2. Heres a quick tutorial on how to verify your account. 

If youre encountering any issues, please file a support ticket.
 

Withdrawal fees at Bitlevex


How to Start Bitlevex Trading in 2021: A Step-By-Step Guide for Beginners
Withdrawal

Please note that we may charge a transfer fee to cover the expenses. Currently, withdrawal is only in BITCOIN. 

Fees

5% withdrawal fee

If you have any other additional questions about our withdrawal fees or any other questions about BITLEVEX, please open a support ticket here or open live chat on the bottom right corner of your screen. 

Additional fees regarding withdrawal

If BITLEVEX service is being used as a cryptocurrency exchange, BITLEVEX will process the payment manually, rejecting the previous request, and make a new transaction with a 15% fee included in the payment. For example, A client makes a deposit, conducts no trading activity, and requests a withdrawal. The client will be subjected to additional fees, that have to be paid from the amount requested to be withdrawn. The withdrawal will be paid to the same address, that has been specified on the withdrawal request time. Please contact support if you want to use the service like this. 

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