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How to deliver Bitget contract
"Bitget Contract trading allows two parties to agree on exchanging a specific amount of cryptocurrency at a predetermined price on a future date."
Nov 18, 2024 at 02:17 am
How to Deliver Bitget Contract
Step 1: Understand the Concept of Bitget Contract
Bitget Contract trading involves two parties agreeing to exchange a specific amount of cryptocurrency at a pre-determined price on a future date. The buyer of the contract expects the price of the cryptocurrency to increase, while the seller anticipates a price decrease.
Step 2: Sign Up for a Bitget Account
Visit the Bitget website and create an account by providing your email address, setting a password, and agreeing to the terms and conditions.
Step 3: Fund Your Account
To start trading, you need to deposit funds into your Bitget account. Supported deposit methods include cryptocurrencies, credit/debit cards, and wire transfer.
Step 4: Understand Contract Specifications
Before trading, familiarize yourself with the contract details, including the underlying asset, contract size, tick value, and funding rate.
Step 5: Choose a Contract Type
Bitget offers multiple contract types, including:
- USDT-Margined Contract: Collateralized by USDT stablecoins, with leverage up to 100x.
- Coin-Margined Contract: Collateralized by the underlying cryptocurrency, with leverage up to 20x.
- Inverse Contract: Contracts that allow traders to bet against the price of an asset, with leverage up to 20x.
Step 6: Place an Order
To place an order, select the desired contract, specify the quantity, and choose between a limit or market order. Setting a limit order allows you to define the price at which your order will be executed.
Step 7: Monitor Your Position
Once an order is executed, monitor its performance in real-time. Track the market price and adjust your trading strategy accordingly.
Step 8: Manage Risk
Use stop-loss and take-profit orders to limit potential losses and secure profits, respectively. Setting these orders helps manage risk and protect your capital.
Step 9: Deliver Your Contract
When the contract maturity date approaches, you have three options:
- Settle in USDT: Close the contract by paying or receiving the difference between the contract price and the market price in USDT.
- Physical Delivery: Take physical delivery of the underlying cryptocurrency at the contract price.
- Roll Over: Extend the contract's expiration date by paying a rollover fee.
Step 10: Withdraw Your Funds
After delivering your contract, withdraw your funds from the Bitget account to your external wallet or exchange.
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！
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