LBank coin-based contract tutorial

Traders seeking increased potential returns can utilize LBank Coin-based Contracts' leverage feature, expressed as ratios of 10x or 20x, which amplifies potential gains and losses accordingly.

Dec 01, 2024 at 03:44 pm

LBank Coin-based Contract Tutorial

Introduction

LBank Coin-based Contract is a powerful tool that allows traders to leverage the price movements of cryptocurrencies to amplify their potential gains. This guide will provide a comprehensive walkthrough of how to use LBank Coin-based Contract, from signing up for an account to executing complex trading strategies.

Signing Up for an LBank Account

Visit the LBank website: https://www.lbank.info
Click "Sign Up" in the top right corner:
Enter your email address, create a password, and select your country of residence:
Check the box to agree to the terms and conditions:
Click "Sign Up"

Funding Your LBank Account

Once you have created an account, log in:
Click "Deposit" in the top right corner:
Select the cryptocurrency you want to deposit:
Enter the amount you want to deposit:
Copy the deposit address provided:
Send the cryptocurrency from your external wallet to the deposit address:

Trading Coin-based Contracts on LBank

Navigate to the "Contracts" page:
Select "Coin-based" from the top menu:
Choose the trading pair you want to trade:
Enter the order quantity and price:
Click "Buy" or "Sell" to execute the order:

Advanced Features of LBank Coin-based Contracts

1. Leverage:

Coin-based contracts allow traders to use leverage to amplify their potential gains.
Leverage is expressed as a ratio, such as 10x or 20x.
Using higher leverage increases both the potential profits and losses.

2. Limit and Market Orders:

Limit Orders: Traders can set a specific price at which they want their order to be executed.
Market Orders: Traders can execute orders immediately at the current market price.

3. Stop-loss and Take-profit Orders:

Stop-loss Orders: Traders can set a conditional order to sell their position automatically if the price falls below a certain level.
Take-profit Orders: Traders can set a conditional order to sell their position automatically if the price rises above a certain level.

Conclusion

LBank Coin-based Contract is a versatile trading tool that offers traders the potential to amplify their gains through leverage. This guide has provided a comprehensive overview of the platform, from signing up to executing complex trading strategies. By following these steps and understanding the advanced features available, traders can leverage the power of LBank Coin-based Contracts to maximize their profits.

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.

Fear & Greed Index

Trade Now

Biggest Gainers

MUBARAK

$0.1328

72.05%

Trade Now
BNX

$1.8320

58.33%

Trade Now
CARV

$0.3853

26.46%

Trade Now
MERL

$0.1297

23.19%

Trade Now
DF

$0.0982

21.86%

Trade Now
VANA

$6.7898

21.45%

Trade Now

Latest Crypto News

DuragDoge Is Catching Fire—Even Cardano & Solana Holders Are Taking Notice!
2025-03-17 17:25:56
The Golden Hard Drive: A Decade-Long Treasure Hunt Ends in the UK Court of Appeal
2025-03-17 17:10:57
$140K Lincoln Wheat Penny Mystery
2025-03-17 17:10:57
Cardano and XRP Holders Are Moving Into FXGuys Before The Next Major Breakout
2025-03-17 17:10:57
Ripple (XRP) Case May Be Nearing Its Conclusion: New Clues Suggest Reduced Fines and Commodity Classification
2025-03-17 17:05:57
The stablecoin market on Solana has experienced an enormous upswing in supply during 2025.
2025-03-17 17:05:57

Related knowledge

What is the difference between the mark price and the latest price on Binance Futures?

Mar 17,2025 at 02:36pm

Key Points:Mark Price: A fair price calculated using multiple exchanges' prices, minimizing manipulation. It's crucial for funding rates and liquidation calculations.Latest Price: The most recent trade price on Binance Futures. Subject to volatility and potential manipulation.Discrepancies: Differences arise due to market depth, order book imbalances, a...

What is the difference between limit orders and market orders on Binance Futures?

Mar 17,2025 at 04:10pm

Key Points:Limit Orders: Specify the price you're willing to buy or sell at. Execution is not guaranteed, but you control the price.Market Orders: Buy or sell at the best available price immediately. Execution is guaranteed, but the price may be less favorable than desired.Binance Futures Context: Both order types are crucial for managing risk and execu...

How to operate cross-product arbitrage of Bitcoin contracts?

Mar 17,2025 at 01:00pm

Key Points:Understanding Bitcoin contract arbitrage relies on exploiting price discrepancies across different exchanges.Successful arbitrage requires speed, low latency connections, and sophisticated trading algorithms.Risk management is crucial, as market volatility and slippage can negate profits.Fees and slippage significantly impact profitability. C...

What is the difference between the mark price and the latest price of Bitcoin contracts?

Mar 17,2025 at 04:35pm

Key Points:Mark Price: A fair and unbiased price calculated using multiple exchanges' data, minimizing manipulation. It's crucial for funding calculations and preventing liquidation.Latest Price: The most recent trade price on a specific exchange. It's susceptible to manipulation and volatility. It reflects real-time market activity but lacks the stabil...

How is the funding rate of Bitcoin contracts calculated?

Mar 17,2025 at 10:30am

Key Points:Bitcoin perpetual contracts utilize funding rates to align the price of the contract with the spot price of Bitcoin.The funding rate is calculated based on the difference between the perpetual contract price and the spot price, and the demand for long or short positions.A positive funding rate means long positions pay short positions, and vic...

How to avoid the risk of liquidation in Bitcoin contracts?

Mar 17,2025 at 09:56am

Key Points:Understanding Margin and Leverage: The core of avoiding liquidation lies in responsible leverage use.Monitoring Market Volatility: Sudden price swings are the biggest liquidation threat. Constant vigilance is crucial.Position Sizing and Risk Management: Never risk more than you can afford to lose. Proper position sizing is paramount.Stop-Loss...