What are Solus Up & Down Options?
Up & Downs Options are a crypto derivatives product in the SolusFinance App. It presents traders with a straightforward ‘Higher’ or ‘Lower’ decision when they predict whether an asset (e.g., BTC or ETH) will go up or down from SPOT price at a specific time.
If your analysis says the asset will exceed a spot price at contract expiration, you can select ‘Higher’ to buy a contract. Otherwise, you can choose ‘Lower’ to sell a contract instead. Strike Options are straightforward to trade because you either earn a predetermined profit i.e. 85% (average) if your prediction is correct, or lose only your initial investment and trading fees if it isn’t.
This clarity in outcomes allows you to know your potential gains and losses upfront, offering a controlled yet dynamic trading experience.
You can also exit the contract early by paying a premium price
Contract Specifications
Visit the official Solus.Finance website for contract specifications.
Supported Underlying Assets and Trading Hours
Cryptocurrencies
Strike Options are currently available for the following cryptocurrencies: BTC, ETH, LTC, BCH, DOGE, AVAX, LINK, DOT, SHIB, XLM, HBAR, SOL, ADA, CRO, PEPE, BONK and FLOKI.
What are Long/Short Positions?
For Strike Options trading, taking a ‘long’ or ‘short’ position refers to your prediction about the asset’s price movement.
- Long Position: When you take a long position in Strike Options, you are predicting that the price of the underlying asset will exceed the strike price when the contract expires. If your prediction is correct, you’ll receive the contract payout and earn a profit. Essentially, you’re saying “High” to the proposition that the asset will reach the contract opening price at expiry.
- Short Position: Conversely, taking a short position means you predict that the price of the underlying asset will not exceed the strike price at expiry. If your prediction is right, you earn a profit. In essence, you’re saying “low” to the proposition that the asset will reach the contract opening price at expiry.
Remember, there are only ever two possible outcomes for Strike Options at expiry: you either make a predefined profit or lose the amount you paid to open the trade.
Platform Attributes
Demo Account : $10000
Min deposit : $2
Min investment per trade: $1
How to Fund Your Account: Solus
- To begin trading and earning payouts on Solus, you first need to deposit your funds.
- Access the Solus Deposit Screen
- You can choose to deposit funds using either PayPal/UPI (only for India)/ Cryptos/Volet payment
- UPI : Only available for India. Quick and fast deposit in seconds without any fee
- PayPal Transfer: Ideal for users without a Web3 wallet or USD Tether. This method allows deposits through cards, bank transfers, and PayPal wallets. There are fees, though PayPal may charge slightly higher Forex rates.
- Crypto Deposit: Deposit in USDT/USDC/SOL/MATIC/BNB and many more across multiple chain
Getting Started with Your First Trade on SolusFinance
- Navigate to the Market Tab after creating your account.
- Ensure you are in ‘Real Account’ mode (switch using the button at the top right if necessary).
- Select any market (BTC, ETH, XRP, BNB, etc.) to predict the future price of the asset.
- Choose a timeframe for when Solus will check the asset’s price and evaluate your prediction.
- Enter your trade amount—higher amounts can lead to greater profits but also increase potential losses.
- When ready, click ‘Higher’ or ‘Lower’ based on your analysis.
- By utilizing the features on Solus, you can make informed decisions on your trades, positioning yourself for success in the future of cryptocurrency. For those interested in Coinbase perpetual futures, Solus provides an exceptional trading experience.
Solus Bonus aka Solus Virtual Money
Bonuses are funds that get credited to your real account to increase your trading potential. You can check your current and total trading turnover for an active bonus in the “Bonuses” section. Once you activate a bonus, you can withdraw your funds only after completing the trading turnover. Trading turnover is the sum of profitability of all trades made since the crediting of the bonus. The amount of trading turnover depends on the size of the bonus. Let’s understand in details
For example: if you make a deposit of $100 and get $20 extra as a bonus, you will need to multiply it by 35 because the bonus amount is only 20% of $100. This way, your turnover for this deposit will be $20 x 20= $400
That means you will get all $20 bonus into your real balance once you hit a turnover of $400.
Trading turnover is the sum of profitability of all trades made since the crediting of the bonus. The amount of trading turnover depends on the size of the bonus.
You open a trade for $10 with a profit rate of 80%. The trading turnover, regardless of the outcome of the trade, will be $8. Your remaining trading turnover will be decreased by $8.
Withdrawal Methods
You can choose to withdraw funds using either PayPal/UPI (only for India)/ Cryptos and Bank Transfers
Upcoming Features
- Limit Options: Buy contracts on the price terms you want
Tournaments: Tournaments with daily prize pool worth $2000 to $20,000 is set to be launched in April
Leveraged Options: Use leverage to trade more with less investment
Let’s GO! Enjoy the new era of crypto trading, practice, trade, earn and compete Cheers!
What are Solus Up & Down Options?
Up & Downs Options are a crypto derivatives product in the SolusFinance App. It presents traders with a straightforward ‘Higher’ or ‘Lower’ decision when they predict whether an asset (e.g., BTC or ETH) will go up or down from SPOT price at a specific time.
If your analysis says the asset will exceed a spot price at contract expiration, you can select ‘Higher’ to buy a contract. Otherwise, you can choose ‘Lower’ to sell a contract instead. Strike Options are straightforward to trade because you either earn a predetermined profit i.e. 85% (average) if your prediction is correct, or lose only your initial investment and trading fees if it isn’t.
This clarity in outcomes allows you to know your potential gains and losses upfront, offering a controlled yet dynamic trading experience.
You can also exit the contract early by paying a premium price
Contract Specifications
Visit the official Solus.Finance website for contract specifications.
Supported Underlying Assets and Trading Hours
Cryptocurrencies
Strike Options are currently available for the following cryptocurrencies: BTC, ETH, LTC, BCH, DOGE, AVAX, LINK, DOT, SHIB, XLM, HBAR, SOL, ADA, CRO, PEPE, BONK and FLOKI.
What are Long/Short Positions?
For Strike Options trading, taking a ‘long’ or ‘short’ position refers to your prediction about the asset’s price movement.
- Long Position: When you take a long position in Strike Options, you are predicting that the price of the underlying asset will exceed the strike price when the contract expires. If your prediction is correct, you’ll receive the contract payout and earn a profit. Essentially, you’re saying “High” to the proposition that the asset will reach the contract opening price at expiry.
- Short Position: Conversely, taking a short position means you predict that the price of the underlying asset will not exceed the strike price at expiry. If your prediction is right, you earn a profit. In essence, you’re saying “low” to the proposition that the asset will reach the contract opening price at expiry.
Remember, there are only ever two possible outcomes for Strike Options at expiry: you either make a predefined profit or lose the amount you paid to open the trade.
Platform Attributes
Demo Account : $10000
Min deposit : $2
Min investment per trade: $1
How to Fund Your Account: Solus
- To begin trading and earning payouts on Solus, you first need to deposit your funds.
- Access the Solus Deposit Screen
- You can choose to deposit funds using either PayPal/UPI (only for India)/ Cryptos/Volet payment
- UPI : Only available for India. Quick and fast deposit in seconds without any fee
- PayPal Transfer: Ideal for users without a Web3 wallet or USD Tether. This method allows deposits through cards, bank transfers, and PayPal wallets. There are fees, though PayPal may charge slightly higher Forex rates.
- Crypto Deposit: Deposit in USDT/USDC/SOL/MATIC/BNB and many more across multiple chain
Getting Started with Your First Trade on SolusFinance
- Navigate to the Market Tab after creating your account.
- Ensure you are in ‘Real Account’ mode (switch using the button at the top right if necessary).
- Select any market (BTC, ETH, XRP, BNB, etc.) to predict the future price of the asset.
- Choose a timeframe for when Solus will check the asset’s price and evaluate your prediction.
- Enter your trade amount—higher amounts can lead to greater profits but also increase potential losses.
- When ready, click ‘Higher’ or ‘Lower’ based on your analysis.
- By utilizing the features on Solus, you can make informed decisions on your trades, positioning yourself for success in the future of cryptocurrency. For those interested in Coinbase perpetual futures, Solus provides an exceptional trading experience.
Solus Bonus aka Solus Virtual Money
Bonuses are funds that get credited to your real account to increase your trading potential. You can check your current and total trading turnover for an active bonus in the “Bonuses” section. Once you activate a bonus, you can withdraw your funds only after completing the trading turnover. Trading turnover is the sum of profitability of all trades made since the crediting of the bonus. The amount of trading turnover depends on the size of the bonus. Let’s understand in details
For example: if you make a deposit of $100 and get $20 extra as a bonus, you will need to multiply it by 35 because the bonus amount is only 20% of $100. This way, your turnover for this deposit will be $20 x 20= $400
That means you will get all $20 bonus into your real balance once you hit a turnover of $400.
Trading turnover is the sum of profitability of all trades made since the crediting of the bonus. The amount of trading turnover depends on the size of the bonus.
You open a trade for $10 with a profit rate of 80%. The trading turnover, regardless of the outcome of the trade, will be $8. Your remaining trading turnover will be decreased by $8.
Withdrawal Methods
You can choose to withdraw funds using either PayPal/UPI (only for India)/ Cryptos and Bank Transfers
Upcoming Features
- Limit Options: Buy contracts on the price terms you want
Tournaments: Tournaments with daily prize pool worth $2000 to $20,000 is set to be launched in April
Leveraged Options: Use leverage to trade more with less investment
Let’s GO! Enjoy the new era of crypto trading, practice, trade, earn and compete Cheers!