Spot Trading is when you buy the asset such as Bitcoin at the current rate, sell it when its value increases and make profits.
Futures or Options trading is when you speculate whether the asset's price will go up (long) or down (short) compared to the price you're entering the market. You make profit proportional to the movement of the asset. The higher the asset goes up, and if you placed a long order, the higher your profits and vice versa.
Up & Down Strike Options is further simpler, where you speculate whether the price of the asset will go higher or lower compared to the price you're placing the trade at. Even before you trade, you get to see the profit percentage you get if you speculated correctly. Your profits and losses are flat, irrespective of how much higher or lower the price went from the time you placed your trades.
You 'Win', i.e. make a return on your investment when you hold the 'correct' contract after the Resolution time.
For example, you placed a trade for 'Higher' with your USD in the Bitcoin market when the price was $71,189.89. The market is of 1 minute, i.e. the market will resolve in 1 minute.
And, if after 1 minute, the price of Bitcoin was actually higher than $71,189.89, you will 'win', i.e. make profits equal to the value which was shown to you before you took a trade.
To get started with trading and getting payouts on Solus, you will need to deposit your funds first.
- You can deposit funds either via PayPal or USDT via Wallet Transfer
PayPal Transfer: This option is great for users not having a web3 wallet or USD Tether (which is a cryptocurrency).Users can deposit via cards, bank transfers, PayPal wallet and any other methods supported via PayPal.There are no fees associated with PayPal deposits other than a slightly higher Forex rates which is charged by PayPalUSDT Transfer: This option is quick and perfect for Web3 users holding USDT over Polygon network.Solus App will generate your unique smart contract address which you can see in your deposit screen.
Copy your unique Solus Deposit Contract Address and deposit USDT over Polygon via your own Coinbase wallet, MetaMask wallet or any ERC-20 wallet where you hold USDT over Polygon chain to the address shown in your Deposit screen on Solus.
Wait for the chain to give a positive response and voila! You have funds in your account to start trading.
Please make sure you are depositing USDT over Polygon Chain to your unique Solus Deposit Contract Address generated by the Solus App in the deposit screen. Failure to comply with these will result in permanent loss of your funds.
Facing issues in deposit? Write to us at info@solus.finance
- Go to the Market Tab after creating your account.
- Make sure you're in 'Real Account' mode
(If not, you can switch the mode via button at the top of the right panel) Click on any markets from BTC, ETH, XRP, BNB, etc. to predict the future price of the asset.
- Choose the timeframe. This is the time when the market will resolve, i.e. this is the time after which Solus will check the price of the asset and compare if you predicted 'Higher' or 'Lower' and give you returns accordingly.
- Enter the amount you'd like to trade for. Higher the amount, higher the possible profits but higher the loss as well.
- Once you're ready to place a trade, click on either 'Higher' or 'Lower' as per your own analysis.
- As per this example, you will make a profit of 60%, i.e. $60 (since invested amount is $100) if you took a trade on 'Higher' and the price did go above $66,423.93. At the end, you will receve $160 ($100 of your initial investment and $60 profit)On the other hand, if the price goes below $66,423.93, you will lose all of your invested money for the trade, i.e. $100 in this case.
Voila, you just made your first trade on Solus!8
Curb Your Losses by Selling Your Trades
Solus Binary trading is all about predicting future price movement of asset. And no matter how deep you strategize and analyze, you might make mistakes.
That's where Selling trades come in. When you place a 'Higher' or 'Lower' trade on Solus, for the first 2/3rd time interval, you have the ability to reverse your trades by exiting your 'Higher' or 'Lower' position you just entered.
For example you took a 'Higher' for a 1 minute market. Now 10 seconds in, you realise you made a mistake. You still have time to cancel your trade and recoup your losses. However, you can only do so for the first 20 seconds (in this case).
Solus supports automated withdrawals. At any point, you can withdraw your funds from your Solus balance.
Currently, USDT withdrawals are supported and you can withdraw funds to any ERC-20 wallet capable of holding USDT.
To withdraw:
- Go to the Withdrawals Page in the Solus App
- The system will ask you to enter a wallet address of your choice where you want the funds as shown below
Please take extra care while entering your wallet address. This wallet should be owned by you and should NOT be your Solus Wallet Address. Please note that in case you enter the incorrect wallet address, Solus will not be able to recover your funds and they will be permanently lost. Please proceed with caution and extra care.
Once you signup, you can access your unique referral/invite link by going to the Referral screen in your Profile section on the Solus App.
To access, click on the 'Referral' tab up top of the Solus App as shown here:
You can share your referral/invite link with your friends by simply copying it and sharing it everywhere or using one of the sharing options like Telegram, Twitter, Facebook & WhatsApp.
The referral link here is just an example, your referral link will be different from this. Please use your own referral link to get benefits as mentioned in Referral Mainnet Token Rewards
Please note that offers and rewards are subject to change without prior announcement and by participating in these programs, you acknowledge and abide by the same
To withdraw your funds from the Solus Platform, users are supposed to do a mandatory KYC.KYC is mandatory as following the local government laws is mandatory for Solus platform to function.The process should be completed automatically in 2-3 minutes. If it still hasn't completed by then, feel free to raise a ticket at info@solus.finance.Solus will not sell your information to any third party as clarified in our Privacy Policy and Terms.