Summary: Shorting Cartesi is pretty straightforward, all you need is a cryptocurrency exchange that allows for short selling. While there are a few exchanges out there that have added the ability to short crypto, our recommendation is to use eToro. They’re well-known, have a global presence, and are trusted by millions of users from 100+ countries.
We’ll be using eToro in our guide, you can sign up with one of the sign-up buttons below.
Before we get started, let’s quickly explain what shorting is (for those that are new to it). Shorting is the practice of selling a cryptocurrency hoping it will drop in price so you can buy it back later for cheaper… which, if successful, will give you a net profit.
It might sound a bit complex but don’t worry, it’s a lot easier than you might think.
How to Short Cartesi
Shorting Cartesi can be done in 4 steps:
- Find a cryptocurrency trading platform
- Sign up with the exchange
- Fund your account with fiat or crypto
- Short Cartesi
1. Find a cryptocurrency trading platform
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 that allows for short selling.
2. Sign up with the crypto trading platform
Let’s start with creating an account on 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 deposit methods to choose from when depositing funds into your eToro Account. These include a bank transfer, credit card, debit card, PayPal, and more.
4. Short Cartesi
These are the steps to follow to execute a short sell:
- Go to the search bar at the top, find Cartesi by entering the name.
- 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 the crypto.
- 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 advanced when compared with eToro, they do have a lot more digital assets to trade with.
Frequently Asked Questions
Can I short Cartesi on Binance?
Yes, you can short Cartesi on Binance. They have over 300 cryptocurrencies on offer, have a decent phone app and a lot of advanced trading features.
Cartesi: The Blockchain OS - A decentralized Layer-2 infrastructure which supports Linux and major software components. Developers will be able to create scalable smart agreements with rich software tools, libraries, as well as the services they know, for the first time. This bridges that gap between mainstream software, blockchain, and can be coded by developers.
Cartesi is empowering millions of startups and their developers to use The Blockchain OS, and bring Linux applications aboard. Cartesi provides a platform for all developers, including those who are interested in building the next generation blockchain apps.
The token of The Blockchain OS was designed to overcome the inconveniences and scalability of blockchain applications. CTSI acts as the network's fuel. CTSI can be used to stake CTSI and you will collaborate with The Blockchain OS in decentralization.
Cartesi is a first blockchain OS. It allows developers build decentralized logic in Linux with standard programming environments. This preserves the decentralization, security, and privacy of blockchains. This means that you can go beyond Solidity to code smart contracts using the same software tools, libraries and services as developers. All the while, there are no scalability limit.