Quick summary: Our recommendation is to use eToro to short Cartesi. They have the most popular cryptocurrencies on offer, great support, and have an easy system for shorting cryptocurrencies in general.
While there are a lot of options out there for buying CTSI, shorting is a different story. Luckily for us here in Australia, we do have a few crypto brokers and exchanges that allow for CFDs and shorting.
One of those brokers is eToro, which we’ll be using for this guide. Let’s get started!
How to Short Cartesi in Australia
A quick recap first on what shorting actually is: The main objective of shorting or short selling is to make a profit (of course). The idea is to sell a stock/cryptocurrency hoping it will drop in value so you can buy it back later for cheaper, thus creating a net profit.
Shorting Cartesi can be done in 4 easy steps:
1. Choose a crypto exchange
As mentioned before, for this guide we’ll be using eToro as they offer the ability to short the most common cryptocurrencies.
You can, of course, use any other crypto broker to follow along, they all work very similarly.
2. Create an account on the crypto trading platform
Let’s start with just signing up with eToro.
The sign-up process is very quick, as is the verification that needs to be completed afterwards so you can get started.
3. Funding your eToro account
Next is funding your account. You have several options when it comes to depositing AUD into your eToro Account. These include a bank transfer, credit card, debit card, PayPal, and more.
4. Short Cartesi
Now for the actual shorting:
- Starting off at the search bar at the top, find Cartesi by entering the name or symbol.
- Then on the crypto page/section, on the right side, hit the TRADE button to enter the trading interface.
- At the top of the trading interface: Click on sell to short sell the stock.
- Enter the amount for which you want to sell Cartesi and click on “Open Trade”.
Once you’re ready to close the trade, hopefully when the value of Cartesi has dropped, go to your Portfolio, find the Cartesi trade, and click on the red cross to close the trade.
If your assumption/prediction was right, then the profit will be added to your account after closing the trade. If you were wrong on the other hand, you’ll incur a loss which will be debited from your eToro account.
Congratulations, now you know how to short Cartesi!
Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.
Affiliate Disclosure: This site is supported by its users. We may receive commissions for purchases made through the links on our site. This does not impact our reviews, guides or comparisons.
Where to Short Cartesi (CTSI)
Aside from eToro, the other major exchange you can use is Binance.
While Binance tends to be a bit more complex compared to eToro, they do have more cryptocurrencies on offer.
Frequently Asked Questions
Can I short Cartesi on Binance?
Yes, you can short Cartesi on Binance. They have over 300 cryptocurrencies on offer and specialise in the crypto market. They also have a great app and competitive fees.
Cartesi-The Blockchain OS is a Layer-2, decentralized infrastructure that supports Linux as well as mainstream software components. The first time developers have been able to code scalable smart contract with rich software libraries, tools and services. This bridges between mainstream software and Blockchain.
Cartesi is helping millions of developers and startups to use The Blockchain OS. They also help bring Linux apps on board. Cartesi is paving the way for all developers to create the next generation of Blockchain apps with its innovative virtual machines, optimistic rollups and side-chains.
The token for The Blockchain OS is designed to solve the problems of scalability, inconvenience and cost of using blockchain applications. CTSI provides the fuel for the network. CTSI is the fuel of the network. When you stake it, you are collaborating with security, decentralization and convenience for The Blockchain OS.
Cartesi was the first blockchain OS. It allows developers the ability to develop decentralized logic with Linux. Standard programming environments are also available. This preserves the security and decentralization inherent in blockchains. It allows you to move beyond Solidity, coding smart contracts with the rich software tools, libraries, services, and APIs that developers are used too. All of this, while remaining free from scalability restrictions.