1. What is CoinSavi Swing?
CoinSavi Swing is a new trading product from CoinSavi. It allows you to make money whether the price of a cryptocurrency goes up or down. You can also use borrowed money (leverage) to increase your potential profits. In simple terms, CoinSavi Swing makes it easier to profit no matter if the market is rising or falling.
2. Is CoinSavi Swing hard to use?
No, it’s easy. You only need a few simple steps to place a Swing order on CoinSavi Swing. Learn more about placing a Swing order here.
3. How are CoinSavi Swing transaction fees calculated?
The transaction fees for CoinSavi Swing are very competitive. You pay a small fee of 0.06% when you open and 0.06% when you close an investment order, based on the amount of the investment.
You also get a maintenance fee if your CoinSavi Swing order goes against the market trend. Learn more about the fee structure here.
4. What’s the difference between CoinSavi Swing and CoinSavi Spot?
Unlike Spot trading where you only make money when the coin price goes up, CoinSavi Swing lets you profit from both rising and falling prices. You can also use leverage to increase your potential profits. Simply put, CoinSavi Swing makes it easier to make money in any market condition.
5. What is Buying (Long) and Selling (Short)?
Before trading, choose the trading pair you want (e.g., BTC/USDT) and decide if you want to Buy/Long or Sell/Short.
Buy/Long (Surfing Rising Prices): You think the BTC price will go up. You buy BTC at a low price and sell it when the price goes up.
Sell/Short (Surfing Falling Prices): You think the BTC price will go down. You borrow BTC to sell at a high price, then buy it back at a lower price, keeping the profit.
6. What is leverage? How do I use it effectively?
Leverage is borrowed money that CoinSavi lends you to increase your trading power. It can increase your potential profits. Leverage is a multiple of your own money, like 2x, 10x, etc.
Currently, CoinSavi Swing offers leverage from 1x to 100x, depending on the trading pair.
Leverage Example:
Without leverage: If you invest 50 USDT in BTC, and the BTC price goes up by 1%, you earn 0.5 USDT.
With leverage: If you use 20x leverage on your 50 USDT, your total trade is worth 1000 USDT. If the BTC price goes up by 1%, you earn 10 USDT (20 times more). However, if the price goes down, your losses are also 20 times bigger.
7. How can I see the profit/loss of my investment order?
Go to the Portfolio section on the CoinSavi Swing product page to see your investment profit/loss after fees.
8. Will I lose my entire account when investing in CoinSavi Swing?
No, you won’t lose your entire account. With CoinSavi Swing, if your order is liquidated, you will only lose the initial capital used for that order, not your entire account.
9. Why should I set Take Profit and Stop Loss?
To avoid losing your initial capital, CoinSavi recommends managing risk by setting Take Profit (TP) and Stop Loss (SL).
To adjust, go to the Investment Portfolio on the CoinSavi Swing screen, click on the desired investment order, and set TP/SL.
Stop Loss (SL): The worst price at which you want to close your order if the asset price goes against you.
Take Profit (TP): The price at which you want to close your order to secure profits.
10. Can I create multiple investment orders?
Yes, you can. CoinSavi Swing allows you to open multiple investments at the same time, with no limit. You can open as many orders as you want for one or multiple coins. You can even open both Long and Short positions for the same coin.
Go to Portfolio to see the details of each investment order.
11. How do I view charts before placing an order?
Click "view chart" at the bottom of the screen before the Tab bar.
12. My order is about to be liquidated; can I add more USDT to hold the order?
No, you can’t. To limit the risk of losing your entire account, CoinSavi only uses the initial capital you set for each SWING order. You can open a new order with different capital following the market direction or set TP/SL for the current order to avoid liquidation.
13. Why is the actual capital when matching orders lower than the initial capital I entered?
If you are investing in BTC, your investment value must be an exact multiple of 0.01 BTC. So, the actual capital of the investment may be less than the capital you entered. Note: this value changes depending on the coin you are investing in.
14. How long can my CoinSavi Swing investment order be open?
There is no time limit for keeping a CoinSavi Swing order open.
15. Why is the estimated liquidation price different from the actual liquidation price?
The estimated liquidation price on the interface is the price at which your order will be liquidated. However, actual liquidation is based on specific mechanisms and liquidity, so the actual price may differ.