Where is the BigONE usdt-based contract?

Navigating the BigONE USDT-based Contract Landscape

The BigONE exchange offers a diverse range of USDT-based contracts to cater to the needs of various traders. These contracts are structured to provide exposure to the underlying asset's price movements, allowing traders to participate in the market without the need for direct ownership.

Identifying the BigONE USDT-based Contracts

BigONE's USDT-based contracts are accessible through the exchange's dedicated contracts trading platform. To locate these contracts:

1. Log in to your BigONE account and navigate to the "Contracts" tab.
2. Select the "USDT-based" option from the contract type filter.
3. Review the available contracts, including their underlying assets, contract specifications, and trading terms.

Understanding the BigONE USDT-based Contract Types

BigONE currently offers two types of USDT-based contracts:

1. Linear Perpetual Contracts: These contracts offer perpetual exposure to the underlying asset's price movements. They do not have a fixed expiration date and allow traders to maintain their positions for an extended period.
2. Inverse Perpetual Contracts: These contracts are inverse in nature, meaning that they track the inverse of the underlying asset's price movements. Traders profit when the underlying asset's price falls and vice versa.

Choosing the Right USDT-based Contract

Selecting the appropriate USDT-based contract depends on several factors:

1. Underlying Asset: Consider the specific asset you wish to trade. BigONE offers contracts for various cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
2. Contract Type: Determine whether a linear perpetual contract or an inverse perpetual contract aligns better with your trading strategy.
3. Trading Terms: Review the contract specifications, including the leverage ratio, margin requirements, and funding rates.
4. Risk Tolerance: Assess your risk tolerance and select contracts with appropriate leverage ratios and risk management tools.

Trading the BigONE USDT-based Contracts

Once you have selected a suitable USDT-based contract, you can proceed with trading:

1. Fund Your Account: Ensure that your BigONE account has sufficient USDT balance to cover your intended trades.
2. Open a Position: Enter the desired order parameters, including order type, quantity, and price.
3. Monitor and Manage Your Position: Track your open positions, adjust orders if necessary, and use risk management techniques to mitigate potential losses.

Additional Considerations

• Understanding Leverage and Risk: USDT-based contracts offer leverage, which can amplify both profits and losses. Use leverage judiciously and always manage your risk exposure prudently.
• Market Volatility: Crypto markets can experience significant volatility, which can impact the performance of USDT-based contracts. Be prepared for potential price swings and adjust your trading strategies accordingly.
• Trading Fees: BigONE charges trading fees for executing USDT-based contracts. Be aware of these fees and factor them into your trading strategy.
• Customer Support: BigONE provides customer support to assist traders with any queries or issues related to USDT-based contracts. Utilize this support when needed.