Can You Short Cryptocurrency. Many financial watchers say bitcoin is the best shorting opportunity ever. You can also enter into a short put.
Coinbase is one of the best cryptocurrency and altcoin exchanges on the market today. Futures are financial derivatives that enable traders. If you already have experience trading cryptocurrency, the most natural way for you to short bitcoin is on a cryptocurrency exchange.
The benefit of this strategy is that you can still take a view that volatility will be relatively flat until expiry, but you are also protecting yourself from the unlimited downside.
Many of the major exchange such as gdax and kraken give you the option to short the coins on their platform. Of course your payoff in the middle will be reduced. The way to sell your crypto for usd is very simple. Unless you are talking about short selling or trading on margin, you can’t lose more than your invested proceeds.