How to open a contract with ProBit Global

To open a contract on ProBit Global, create an account, fund it with cryptocurrency, select the asset and contract type you want to trade, specify contract size and leverage, and click "Buy" or "Sell."

Nov 26, 2024 at 05:16 pm

How to Open a Contract with ProBit Global

ProBit Global is a popular cryptocurrency exchange that offers a variety of trading options, including contracts. Contracts allow traders to speculate on the future price of an asset without having to own the asset itself. This can be a profitable way to trade if you have a good understanding of market trends.

If you're new to contracts, it's important to understand how they work before you start trading. In this article, we'll explain how to open a contract with ProBit Global. We'll also provide some tips on how to trade contracts successfully.

Step 1: Create a ProBit Global Account

The first step is to create a ProBit Global account. You can do this by visiting the ProBit Global website and clicking on the "Sign Up" button. You'll need to provide your email address, password, and a few other pieces of information.

Once you've created your account, you'll need to verify your email address. To do this, click on the link in the email that ProBit Global sends you.

Step 2: Fund Your Account

Once your account is verified, you'll need to fund it with cryptocurrency. You can do this by depositing cryptocurrency from another wallet or by purchasing cryptocurrency with a credit or debit card.

To deposit cryptocurrency from another wallet, click on the "Deposit" button on the ProBit Global website. You'll then need to select the cryptocurrency that you want to deposit and enter the amount that you want to deposit.

To purchase cryptocurrency with a credit or debit card, click on the "Buy Crypto" button on the ProBit Global website. You'll then need to select the cryptocurrency that you want to purchase and enter the amount that you want to purchase.

Step 3: Open a Contract

Once you've funded your account, you can open a contract. To do this, click on the "Contracts" tab on the ProBit Global website. You'll then need to select the asset that you want to trade and the type of contract that you want to open.

There are two types of contracts available on ProBit Global:

• Futures contracts allow you to speculate on the future price of an asset.
• Options contracts give you the right, but not the obligation, to buy or sell an asset at a certain price on a certain date.

For the purpose of this article, we'll focus on futures contracts.

To open a futures contract, you'll need to select the asset that you want to trade, the contract size, and the leverage that you want to use.

The asset is the cryptocurrency that you're speculating on.

The contract size is the number of units of the asset that you're trading.

The leverage is the amount of money that you're borrowing from ProBit Global to trade.

Once you've selected these options, click on the "Buy" or "Sell" button to open the contract.

Step 4: Monitor Your Contract

Once you've opened a contract, you'll need to monitor it closely. The price of the asset that you're trading will fluctuate, and this will affect the value of your contract.

You can monitor your contract by clicking on the "Contracts" tab on the ProBit Global website. You'll then need to select the contract that you want to monitor.

The contract page will show you the current price of the asset, the value of your contract, and the profit or loss that you've made.

Step 5: Close Your Contract

When you're ready to close your contract, click on the "Close" button on the contract page. You'll then need to select the amount of the contract that you want to close.

Once you've selected the amount of the contract that you want to close, click on the "Close" button to close the contract.