Market Cap: $2.7126T -0.540%
Volume(24h): $72.8046B 9.300%
Fear & Greed Index:

22 - Extreme Fear

  • Market Cap: $2.7126T -0.540%
  • Volume(24h): $72.8046B 9.300%
  • Fear & Greed Index:
  • Market Cap: $2.7126T -0.540%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top Cryptospedia

Select Language

Select Language

Select Currency

Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos

How Crypto.com plays perpetual contracts

Crypto.com's perpetual contracts trading allows you to speculate on the future price of cryptocurrencies with adjustable leverage and the flexibility of indefinite holding.

Nov 26, 2024 at 02:28 am

How Crypto.com Plays Perpetual Contracts

Perpetual contracts are a type of derivative contract that allows traders to speculate on the future price of an underlying asset, such as a cryptocurrency. Unlike traditional futures contracts, perpetual contracts do not have a fixed expiration date and can be held indefinitely. This makes them ideal for traders who want to maintain long-term positions without having to worry about contract rollovers.

Crypto.com is one of the leading cryptocurrency exchanges that offer perpetual contracts trading. The exchange offers a wide range of perpetual contracts on a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple.

To trade perpetual contracts on Crypto.com, you will need to first create an account and deposit funds into your account. Once you have funded your account, you can start trading perpetual contracts by following these steps:

1. Choose a Trading Pair

The first step is to choose a trading pair. A trading pair is a pair of cryptocurrencies that you want to trade against each other. For example, if you want to trade Bitcoin against Ethereum, you would choose the BTC/ETH trading pair.

2. Set Your Position Size

Once you have chosen a trading pair, you need to set your position size. Your position size is the amount of the underlying asset that you want to buy or sell. For example, if you want to buy 1 Bitcoin, you would set your position size to 1 BTC.

3. Set Your Leverage

Leverage is a tool that allows you to trade with more capital than you have in your account. However, it is important to use leverage wisely, as it can also amplify your losses. When you trade perpetual contracts, you can choose your leverage level. The leverage level is expressed as a multiplier, such as 10x or 20x. For example, if you set your leverage level to 10x, you will be able to trade with 10 times the amount of capital that you have in your account.

4. Place Your Order

Once you have set your position size and leverage, you can place your order. There are two types of orders that you can place: market orders and limit orders. Market orders are executed immediately at the current market price, while limit orders are executed only when the market price reaches a certain level.

5. Monitor Your Position

Once you have placed your order, you need to monitor your position. You can do this by checking the order status page on Crypto.com. The order status page will show you your open positions, as well as their current profit or loss.

6. Close Your Position

When you are ready to close your position, you can do so by placing a closing order. Closing orders are executed immediately and will close your position at the current market price.

7. Withdraw Your Profits

Once you have closed your position, you can withdraw your profits to your bank account or cryptocurrency wallet. To withdraw your profits, you will need to go to the withdrawal page on Crypto.com.

Conclusion

Perpetual contracts are a powerful tool that can be used to speculate on the future price of cryptocurrencies. However, it is important to use leverage wisely and to understand the risks involved before trading perpetual contracts.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Related knowledge

How does the insurance fund of Coinbase Contracts work?

How does the insurance fund of Coinbase Contracts work?

Mar 17,2025 at 11:06pm

Key Points:Coinbase Contracts' insurance fund is designed to protect users from losses due to smart contract exploits or platform failures.The fund is not explicitly detailed in terms of size or composition, leading to some opacity.Contributions to the fund are likely derived from Coinbase's operational profits or a percentage of trading fees.The fund's...

What are the position modes of Coinbase Contracts? How to switch?

What are the position modes of Coinbase Contracts? How to switch?

Mar 18,2025 at 01:12am

Key Points:Coinbase Contracts offers three primary position modes: Isolated Margin, Cross Margin, and Hedge Mode.Each mode carries different risk levels and impacts your trading strategy.Switching between modes depends on your current position and involves navigating the Coinbase Contracts interface. This process differs slightly depending on whether yo...

What cryptocurrency trading pairs does Coinbase Contracts support?

What cryptocurrency trading pairs does Coinbase Contracts support?

Mar 17,2025 at 09:24pm

Key Points:Coinbase Contracts currently only supports trading pairs involving Bitcoin (BTC) and USD Coin (USDC). This is a limited selection compared to other derivatives exchanges.The limited number of pairs reflects Coinbase's cautious approach to offering derivatives, prioritizing user safety and regulatory compliance.While more pairs may be added in...

How to set stop loss and take profit in Coinbase Contracts?

How to set stop loss and take profit in Coinbase Contracts?

Mar 18,2025 at 11:48am

Key Points:Coinbase Contracts offers customizable stop-loss and take-profit orders to manage risk and secure profits in cryptocurrency trading.Setting these orders involves understanding market conditions, risk tolerance, and your trading strategy.Stop-loss orders automatically sell your position when the price drops to a specified level, limiting poten...

How to create a new contract transaction on the Coinbase platform?

How to create a new contract transaction on the Coinbase platform?

Mar 17,2025 at 08:43pm

Key Points:Coinbase doesn't directly support the creation of arbitrary smart contracts. It primarily focuses on buying, selling, and holding established cryptocurrencies.To interact with smart contracts, you'll need a compatible wallet and potentially a decentralized exchange (DEX).Understanding the specific smart contract's requirements (e.g., network,...

How to open and set up Coinbase Contracts?

How to open and set up Coinbase Contracts?

Mar 18,2025 at 06:06am

Key Points:Coinbase Contracts is not a product offered by Coinbase. Coinbase primarily focuses on exchanges and custody solutions for established cryptocurrencies. There is no platform called "Coinbase Contracts" for trading derivatives.The term "Contracts" usually refers to derivatives trading, specifically futures and options, offered on other platfor...

How does the insurance fund of Coinbase Contracts work?

How does the insurance fund of Coinbase Contracts work?

Mar 17,2025 at 11:06pm

Key Points:Coinbase Contracts' insurance fund is designed to protect users from losses due to smart contract exploits or platform failures.The fund is not explicitly detailed in terms of size or composition, leading to some opacity.Contributions to the fund are likely derived from Coinbase's operational profits or a percentage of trading fees.The fund's...

What are the position modes of Coinbase Contracts? How to switch?

What are the position modes of Coinbase Contracts? How to switch?

Mar 18,2025 at 01:12am

Key Points:Coinbase Contracts offers three primary position modes: Isolated Margin, Cross Margin, and Hedge Mode.Each mode carries different risk levels and impacts your trading strategy.Switching between modes depends on your current position and involves navigating the Coinbase Contracts interface. This process differs slightly depending on whether yo...

What cryptocurrency trading pairs does Coinbase Contracts support?

What cryptocurrency trading pairs does Coinbase Contracts support?

Mar 17,2025 at 09:24pm

Key Points:Coinbase Contracts currently only supports trading pairs involving Bitcoin (BTC) and USD Coin (USDC). This is a limited selection compared to other derivatives exchanges.The limited number of pairs reflects Coinbase's cautious approach to offering derivatives, prioritizing user safety and regulatory compliance.While more pairs may be added in...

How to set stop loss and take profit in Coinbase Contracts?

How to set stop loss and take profit in Coinbase Contracts?

Mar 18,2025 at 11:48am

Key Points:Coinbase Contracts offers customizable stop-loss and take-profit orders to manage risk and secure profits in cryptocurrency trading.Setting these orders involves understanding market conditions, risk tolerance, and your trading strategy.Stop-loss orders automatically sell your position when the price drops to a specified level, limiting poten...

How to create a new contract transaction on the Coinbase platform?

How to create a new contract transaction on the Coinbase platform?

Mar 17,2025 at 08:43pm

Key Points:Coinbase doesn't directly support the creation of arbitrary smart contracts. It primarily focuses on buying, selling, and holding established cryptocurrencies.To interact with smart contracts, you'll need a compatible wallet and potentially a decentralized exchange (DEX).Understanding the specific smart contract's requirements (e.g., network,...

How to open and set up Coinbase Contracts?

How to open and set up Coinbase Contracts?

Mar 18,2025 at 06:06am

Key Points:Coinbase Contracts is not a product offered by Coinbase. Coinbase primarily focuses on exchanges and custody solutions for established cryptocurrencies. There is no platform called "Coinbase Contracts" for trading derivatives.The term "Contracts" usually refers to derivatives trading, specifically futures and options, offered on other platfor...

See all articles

User not found or password invalid

Your input is correct