How to buy usdt contract on DigiFinex

DigiFinex offers USDT contracts, enabling traders to speculate on USDT price movements without owning the underlying asset, providing a low-fee, highly liquid, and supported trading environment.

Dec 01, 2024 at 04:52 pm

How to Buy USDT Contract on DigiFinex: A Comprehensive Guide

DigiFinex is a reputable cryptocurrency exchange that offers a wide range of trading options, including USDT contracts. USDT contracts are a type of cryptocurrency derivative that allows traders to speculate on the price of USDT without actually owning the underlying asset. This can be a great way to profit from market volatility, and it can also be used as a hedging strategy.

If you're interested in buying USDT contracts on DigiFinex, here's a step-by-step guide to help you get started:

1. Create an Account on DigiFinex

The first step is to create an account on DigiFinex. To do this, visit the DigiFinex website and click on the "Register" button. You'll need to provide your email address, create a password, and agree to the terms of service. Once you've done this, you'll need to verify your email address by clicking on the link that DigiFinex sends you.

2. Fund Your Account

Once you have an account, you need to fund it with USDT. To do this, click on the "Deposit" button and select USDT from the list of currencies. You'll then need to provide the address of your USDT wallet and the amount of USDT you want to deposit. DigiFinex will then generate a deposit address for you. Send your USDT to this address, and it will be credited to your account within a few minutes.

3. Find the USDT Contract Market

Once you have USDT in your account, you can start trading USDT contracts. To do this, click on the "Contracts" tab and then select "USDT Contracts" from the list of markets. This will take you to the USDT contract market page.

4. Place an Order

To place an order, you need to specify the following:

• Contract Type: There are two types of USDT contracts: perpetual contracts and futures contracts. Perpetual contracts do not have an expiry date, while futures contracts do.
• Order Type: There are four types of orders: market orders, limit orders, stop orders, and trailing stop orders. Market orders are executed at the current market price, while limit orders are executed at a specified price. Stop orders are executed when the price of the contract reaches a specified level, and trailing stop orders follow the price of the contract with a specified offset.
• Order Quantity: This is the number of contracts you want to buy or sell.
• Leverage: This is the amount of leverage you want to use. Leverage allows you to trade with more capital than you have in your account, but it also increases your risk.

Once you have specified all of the order parameters, click on the "Buy" or "Sell" button to place your order.

5. Manage Your Position

Once you have placed an order, you can manage your position by clicking on the "Positions" tab. This will show you a list of all of your open positions. You can close a position by clicking on the "Close" button.

6. Withdraw Your Profits

Once you have closed your position, you can withdraw your profits by clicking on the "Withdraw" button. You'll need to provide the address of your USDT wallet and the amount of USDT you want to withdraw. DigiFinex will then send your USDT to your wallet within a few minutes.

Benefits of Buying USDT Contracts on DigiFinex

There are many benefits to buying USDT contracts on DigiFinex, including:

Low Fees

DigiFinex has some of the lowest fees in the industry. This makes it a great place to trade USDT contracts without having to pay high fees.

High Liquidity

DigiFinex has a high level of liquidity, which means that you can easily buy and sell USDT contracts without having to worry about slippage.

24/7 Customer Support

DigiFinex offers 24/7 customer support, so you can always get help if you need it.