-
Bitcoin
$88,183.80
-1.01% -
Ethereum
$3,119.46
-1.42% -
Tether USDt
$1.00
-0.10% -
Solana
$214.61
1.86% -
BNB
$636.83
4.10% -
Dogecoin
$0.3874
0.93% -
XRP
$0.8241
20.60% -
USDC
$1.00
0.02% -
Cardano
$0.5825
2.27% -
TRON
$0.1786
1.74% -
Shiba Inu
$0.0...02485
-0.99% -
Toncoin
$5.39
3.50% -
Avalanche
$32.16
-0.70% -
Sui
$3.40
4.77% -
Pepe
$0.0...02208
17.84% -
Bitcoin Cash
$425.11
-1.57% -
Chainlink
$13.32
0.25% -
Polkadot
$4.93
-1.79% -
NEAR Protocol
$5.63
11.30% -
UNUS SED LEO
$7.41
-0.66% -
Litecoin
$84.20
12.84% -
Aptos
$11.52
-0.75% -
Dai
$0.9999
0.01% -
Uniswap
$8.49
-0.30% -
Cronos
$0.1562
-5.05% -
Stellar
$0.1369
11.61% -
dogwifhat
$3.93
-3.36% -
Internet Computer
$8.20
-1.87% -
Kaspa
$0.1494
18.48% -
Bittensor
$504.65
-4.11%
How to play BitFlyer exchange contracts
BitFlyer exchange contracts, called perpetual futures, let traders maintain positions indefinitely, offering versatility in cryptocurrency trading.
Nov 07, 2024 at 11:13 pm
How to Play BitFlyer Exchange Contracts
BitFlyer is a Japanese cryptocurrency exchange that offers exchange contracts, also known as perpetual futures. These contracts are similar to traditional futures contracts, but they do not have an expiration date. This means that you can hold them indefinitely or until you decide to close them out.
Step 1: Open a BitFlyer account
The first step to playing BitFlyer exchange contracts is to open an account. You can do this by visiting the BitFlyer website and clicking on the "Sign Up" button. You will need to provide your email address, create a password, and agree to the terms of service.
Step 2: Fund your account
Once you have opened an account, you need to fund it with Bitcoin (BTC) or Japanese Yen (JPY). You can do this by depositing BTC or JPY into your account from another exchange or wallet. You can also purchase BTC or JPY directly from BitFlyer using a credit card or debit card.
Step 3: Choose a contract
BitFlyer offers a variety of exchange contracts, including BTC/JPY, ETH/JPY, and XRP/JPY. Each contract has its own unique trading rules and margin requirements. You can view the trading rules and margin requirements for each contract by clicking on the "Contracts" tab on the BitFlyer website.
Step 4: Place an order
Once you have chosen a contract, you can place an order. You can do this by clicking on the "Buy" or "Sell" button on the contract page. You will need to specify the quantity of contracts you want to buy or sell and the price you want to pay or receive.
Step 5: Manage your position
Once you have placed an order, you can manage your position by clicking on the "Positions" tab on the BitFlyer website. Here you can view your open positions, modify your orders, and close out your positions.
Step 6: Close out your position
When you are ready to close out your position, you can do so by clicking on the "Close" button on the position page. You will need to specify the quantity of contracts you want to close out and the price you want to receive.
Step 7: Withdraw your funds
Once you have closed out your positions, you can withdraw your funds from your BitFlyer account. You can do this by clicking on the "Withdraw" tab on the BitFlyer website. You will need to specify the amount of BTC or JPY you want to withdraw and the address you want to withdraw it to.
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.
-
Doge Coin's Ambitious Transformation Could Redefine the Crypto Landscape
- 2024-11-15 06:10:28
-
The Disappointing Performance of ETH ETF: What's Behind it?
- 2024-11-15 04:10:01
-
BIT Mining Invests in Prosper, a Decentralized Protocol Connecting Institutional-Grade Bitcoin Mining Power On-Chain
- 2024-11-15 04:10:01
-
Memecoins Never Had It So Good as Market Value Explodes 127% to $126B in Seven Days
- 2024-11-15 04:10:01
-
Pepe the Frog Coin (PEPE) Rallies 87% to an All-Time High After Listing on Coinbase and Robinhood
- 2024-11-15 04:10:01
-
Trump-Led Rally Wanes as Investors Eye Powell Speech, Mixed Inflation Data
- 2024-11-15 04:10:01
Related knowledge
How to calculate Upbit contract rate
Nov 15,2024 at 04:47am
A Comprehensive Guide to Calculating Upbit Contract RatesUpbit, a leading South Korean cryptocurrency exchange, offers a comprehensive suite of trading options, including cryptocurrency spot trading, margin trading, and futures contracts trading. Futures contracts are financial instruments that allow traders to speculate on the future price of an asset,...
How long does it take for Upbit contract settlement
Nov 14,2024 at 10:10pm
How Long Does It Take for Upbit Contract Settlement?Upbit, a renowned South Korean cryptocurrency exchange, offers a diverse range of trading options, including spot trading and contract trading. Contract trading, also known as futures trading, allows traders to speculate on the future price movements of underlying assets without taking physical possess...
What is Upbit contract trading
Nov 14,2024 at 10:46pm
What is Upbit Contract Trading?Upbit is a South Korean cryptocurrency exchange that offers a wide range of trading options, including spot trading, margin trading, and contract trading. Contract trading, also known as futures trading, allows traders to speculate on the future price of a cryptocurrency without having to actually own the underlying asset....
What does Upbit contract trading mean
Nov 14,2024 at 10:22pm
What Does Upbit Contract Trading Mean?IntroductionUpbit, a leading South Korean cryptocurrency exchange, offers a range of trading options, including contract trading. Contract trading is a derivative instrument that allows traders to speculate on the price movements of underlying assets without owning them directly. This can provide opportunities for b...
How to read Upbit contract K-line
Nov 14,2024 at 02:44pm
How to Read Upbit Contract K-lineUpbit is a popular South Korean cryptocurrency exchange that offers a variety of trading options, including spot trading, margin trading, and contract trading. Contract trading is a type of futures trading that allows traders to speculate on the future price of a cryptocurrency without actually owning the underlying asse...
Tutorial on Upbit currency-based contracts
Nov 14,2024 at 06:30pm
Tutorial on Upbit Currency-Based ContractsUpbit is a well-known cryptocurrency exchange in South Korea that offers a variety of trading options, including currency-based contracts. These contracts are a type of derivative that allows traders to speculate on the price of an underlying asset, such as Bitcoin or Ethereum, without having to own the asset it...
How to calculate Upbit contract rate
Nov 15,2024 at 04:47am
A Comprehensive Guide to Calculating Upbit Contract RatesUpbit, a leading South Korean cryptocurrency exchange, offers a comprehensive suite of trading options, including cryptocurrency spot trading, margin trading, and futures contracts trading. Futures contracts are financial instruments that allow traders to speculate on the future price of an asset,...
How long does it take for Upbit contract settlement
Nov 14,2024 at 10:10pm
How Long Does It Take for Upbit Contract Settlement?Upbit, a renowned South Korean cryptocurrency exchange, offers a diverse range of trading options, including spot trading and contract trading. Contract trading, also known as futures trading, allows traders to speculate on the future price movements of underlying assets without taking physical possess...
What is Upbit contract trading
Nov 14,2024 at 10:46pm
What is Upbit Contract Trading?Upbit is a South Korean cryptocurrency exchange that offers a wide range of trading options, including spot trading, margin trading, and contract trading. Contract trading, also known as futures trading, allows traders to speculate on the future price of a cryptocurrency without having to actually own the underlying asset....
What does Upbit contract trading mean
Nov 14,2024 at 10:22pm
What Does Upbit Contract Trading Mean?IntroductionUpbit, a leading South Korean cryptocurrency exchange, offers a range of trading options, including contract trading. Contract trading is a derivative instrument that allows traders to speculate on the price movements of underlying assets without owning them directly. This can provide opportunities for b...
How to read Upbit contract K-line
Nov 14,2024 at 02:44pm
How to Read Upbit Contract K-lineUpbit is a popular South Korean cryptocurrency exchange that offers a variety of trading options, including spot trading, margin trading, and contract trading. Contract trading is a type of futures trading that allows traders to speculate on the future price of a cryptocurrency without actually owning the underlying asse...
Tutorial on Upbit currency-based contracts
Nov 14,2024 at 06:30pm
Tutorial on Upbit Currency-Based ContractsUpbit is a well-known cryptocurrency exchange in South Korea that offers a variety of trading options, including currency-based contracts. These contracts are a type of derivative that allows traders to speculate on the price of an underlying asset, such as Bitcoin or Ethereum, without having to own the asset it...
See all articles