LBank contract gameplay rules

To participate in contract trading on LBank, users must first create an account and deposit funds, then select the desired asset, leverage, and order type while managing risk through stop-loss and take-profit orders.

Nov 30, 2024 at 09:03 pm

LBank Contract Gameplay Rules

LBank is a leading global cryptocurrency exchange that offers a wide range of financial products and services, including spot trading, futures trading, and contract trading. LBank's contract trading platform provides users with the opportunity to trade perpetual contracts, which are financial instruments that allow traders to speculate on the future price of an underlying asset without having to take physical delivery of the asset.

To participate in contract trading on LBank, users must first create an account and deposit funds into their account. Once they have deposited funds, users can begin trading perpetual contracts by following these steps:

1. Open a trading position

To open a trading position, users must first select the underlying asset that they wish to trade. LBank offers a wide range of underlying assets, including Bitcoin, Ethereum, and many other popular cryptocurrencies. Once they have selected an underlying asset, users must then select the type of order that they wish to place. LBank offers a variety of order types, including market orders, limit orders, and stop orders.

2. Specify the leverage

When opening a trading position, users must also specify the amount of leverage that they wish to use. Leverage is a tool that allows traders to increase their potential profits, but it also increases their potential losses. LBank offers a range of leverage options, from 1x to 100x. Users should carefully consider the amount of leverage that they wish to use before opening a trading position.

3. Manage the risk

Once a trading position has been opened, users must carefully manage their risk. This includes setting stop-loss orders and taking profit orders. Stop-loss orders are designed to automatically close a trading position if the price of the underlying asset falls below a certain level. Take-profit orders are designed to automatically close a trading position if the price of the underlying asset rises above a certain level.

4. Close the trading position

When a user is ready to close a trading position, they can do so by placing a closing order. LBank offers a variety of closing order types, including market orders, limit orders, and stop orders. Users should carefully consider the type of closing order that they wish to place before closing a trading position.

LBank Contract Gameplay Rules Variant and Derivative Description

In addition to the basic gameplay rules, LBank also offers a number of variant and derivative products that can be used to enhance the trading experience. These products include:

• Inverse perpetual contracts

Inverse perpetual contracts are a type of perpetual contract that allows traders to speculate on the future price of an underlying asset without actually owning the asset. This can be a useful tool for traders who believe that the price of an asset is going to decline.

• Delivery perpetual contracts

Delivery perpetual contracts are a type of perpetual contract that allows traders to take physical delivery of the underlying asset at the expiration date of the contract. This can be a useful tool for traders who want to hedge against the risk of a price decline.

• Options

Options are a type of derivative that give the buyer the right, but not the obligation, to buy or sell an underlying asset at a specified price on or before a specified date. LBank offers a variety of options contracts, including call options and put options.