-
Bitcoin
$83,989.8011
3.58% -
Ethereum
$1,910.8596
2.54% -
Tether USDt
$1.0001
0.06% -
XRP
$2.3566
4.69% -
BNB
$587.2763
1.37% -
Solana
$133.4260
8.20% -
USDC
$1.0000
0.01% -
Cardano
$0.7384
5.13% -
Dogecoin
$0.1718
4.06% -
TRON
$0.2225
-1.18% -
Pi
$1.5273
-7.23% -
UNUS SED LEO
$9.8126
1.02% -
Chainlink
$13.6751
4.95% -
Stellar
$0.2764
1.13% -
Hedera
$0.1918
1.36% -
Avalanche
$18.5743
0.39% -
Shiba Inu
$0.0...01278
6.37% -
Sui
$2.3243
7.48% -
Toncoin
$2.9212
5.67% -
Litecoin
$91.3451
3.76% -
Bitcoin Cash
$330.4952
1.34% -
Polkadot
$4.1817
5.04% -
MANTRA
$6.2592
-0.58% -
Ethena USDe
$0.9999
0.05% -
Dai
$1.0000
0.00% -
Bitget Token
$4.3728
4.55% -
Hyperliquid
$13.7686
11.58% -
Monero
$209.9982
1.50% -
Uniswap
$6.0303
2.34% -
Aptos
$5.2084
1.17%
How to play Bithumb exchange contracts
Futures contracts on Bithumb, a South Korean cryptocurrency exchange, enable traders to speculate on the future price of an asset without owning it, but understanding the risks is crucial.
Nov 09, 2024 at 05:12 am

How to Play Bithumb Exchange Contracts
Bithumb is a South Korean cryptocurrency exchange that offers a variety of trading options, including spot trading, margin trading, and futures contracts. Futures contracts are a type of derivative that allows traders to speculate on the future price of an asset without having to own the asset itself.
Playing Bithumb exchange contracts can be a profitable way to trade cryptocurrencies, but it is important to understand the risks involved before you start trading.
Step 1: Create a Bithumb Account
The first step is to create a Bithumb account. You can do this by visiting the Bithumb website and clicking on the "Sign Up" button. You will need to provide your name, email address, and a password. You will also need to agree to the terms and conditions of service.
Step 2: Fund Your Account
Once you have created an account, you will need to fund it before you can start trading. You can do this by depositing cryptocurrency into your account or by using a credit card or debit card.
Step 3: Choose a Contract
Bithumb offers a variety of futures contracts, including contracts for Bitcoin, Ethereum, Litecoin, and Ripple. You can choose a contract based on the asset that you want to trade and the risk that you are willing to take.
Step 4: Place an Order
Once you have chosen a contract, you can place an order. You will need to specify the type of order that you want to place, the quantity of the contract that you want to buy or sell, and the price at which you want to place the order.
Step 5: Monitor Your Order
Once you have placed an order, you will need to monitor it to see if it is executed. You can do this by clicking on the "Orders" tab in your account.
Step 6: Close Your Position
When you are ready to close your position, you can do so by clicking on the "Close" button in the order window. You will need to specify the quantity of the contract that you want to close and the price at which you want to close the order.
Step 7: Withdraw Your Profits
Once you have closed your position, you can withdraw your profits by clicking on the "Withdraw" button in your account. You will need to specify the amount of cryptocurrency that you want to withdraw and the address to which you want to withdraw
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.
- XRP's fully diluted valuation (FDV) has surpassed Ether (ETH), according to March 14 data from CoinGecko.
- 2025-03-15 07:25:53
- Russia's Oil Companies Are Using Bitcoin (BTC) and Tether (USDT) to Trade Oil With China and India - CoinChapter
- 2025-03-15 07:25:53
- The new year started off with considerable fanfare for the cryptocurrency market
- 2025-03-15 07:10:53
- Shiba Inu (SHIB) and Cardano (ADA) Remain Well-Established, but The Last Dwarfs ($TLD) Promises Explosive Growth
- 2025-03-15 07:10:53
- Ethereum (ETH) Price Movement Causes Concern Among Experts Predicting the Value Will Sink to $1200
- 2025-03-15 07:10:53
- Cardano (ADA) Holders Watch Key Support Levels as Open Interest in Futures Positions Climbs to 1.09 Billion ADA
- 2025-03-15 07:05:53
Related knowledge

What are the advantages of smart contracts?
Mar 14,2025 at 11:51pm
Key Points:Enhanced Security: Smart contracts minimize the risk of fraud and human error through automated execution.Increased Transparency: All transactions and contract terms are publicly viewable on the blockchain, fostering trust and accountability.Automation & Efficiency: Smart contracts automate processes, eliminating intermediaries and speeding u...

What are the application scenarios of smart contracts?
Mar 13,2025 at 03:26pm
Key Points:Smart contracts automate agreements, removing intermediaries.Diverse applications across DeFi, NFTs, supply chain management, and more.Security and scalability remain key challenges.Understanding the underlying blockchain technology is crucial for effective implementation.Legal frameworks are still evolving to accommodate smart contract dispu...

What are the main features of a smart contract?
Mar 13,2025 at 10:20pm
Key Points:Smart contracts automate the execution of agreements. Their core functionality relies on pre-defined conditions and cryptographic security.Immutability and transparency are key features, ensuring that once deployed, the contract's code cannot be altered without consensus (depending on the blockchain), and all transactions are viewable on the ...

How does a smart contract work?
Mar 13,2025 at 09:05pm
Key Points:Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code.They operate on a blockchain, ensuring transparency, security, and immutability.Deployment involves writing code, compiling it, and deploying it to a blockchain network.Execution is triggered by pre-d...

What is the settlement method of DOGE contract?
Mar 14,2025 at 09:30am
Key Points:Dogecoin (DOGE) contract settlement methods primarily depend on the exchange or platform offering the contract.Perpetual contracts typically use a mark price for settlement, avoiding the need for physical delivery of DOGE.Delivery contracts require the actual delivery of DOGE at contract expiration.Understanding the specific settlement mechan...

What are the similarities and differences between DOGE contract and Bitcoin contract?
Mar 12,2025 at 12:06pm
Key Points:Both DOGE and Bitcoin contracts offer leveraged trading, allowing traders to magnify potential profits (and losses).Key differences lie in volatility, market capitalization, and underlying asset characteristics. DOGE is significantly more volatile than Bitcoin.Trading fees and leverage limits can vary between exchanges offering these contract...

What are the advantages of smart contracts?
Mar 14,2025 at 11:51pm
Key Points:Enhanced Security: Smart contracts minimize the risk of fraud and human error through automated execution.Increased Transparency: All transactions and contract terms are publicly viewable on the blockchain, fostering trust and accountability.Automation & Efficiency: Smart contracts automate processes, eliminating intermediaries and speeding u...

What are the application scenarios of smart contracts?
Mar 13,2025 at 03:26pm
Key Points:Smart contracts automate agreements, removing intermediaries.Diverse applications across DeFi, NFTs, supply chain management, and more.Security and scalability remain key challenges.Understanding the underlying blockchain technology is crucial for effective implementation.Legal frameworks are still evolving to accommodate smart contract dispu...

What are the main features of a smart contract?
Mar 13,2025 at 10:20pm
Key Points:Smart contracts automate the execution of agreements. Their core functionality relies on pre-defined conditions and cryptographic security.Immutability and transparency are key features, ensuring that once deployed, the contract's code cannot be altered without consensus (depending on the blockchain), and all transactions are viewable on the ...

How does a smart contract work?
Mar 13,2025 at 09:05pm
Key Points:Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code.They operate on a blockchain, ensuring transparency, security, and immutability.Deployment involves writing code, compiling it, and deploying it to a blockchain network.Execution is triggered by pre-d...

What is the settlement method of DOGE contract?
Mar 14,2025 at 09:30am
Key Points:Dogecoin (DOGE) contract settlement methods primarily depend on the exchange or platform offering the contract.Perpetual contracts typically use a mark price for settlement, avoiding the need for physical delivery of DOGE.Delivery contracts require the actual delivery of DOGE at contract expiration.Understanding the specific settlement mechan...

What are the similarities and differences between DOGE contract and Bitcoin contract?
Mar 12,2025 at 12:06pm
Key Points:Both DOGE and Bitcoin contracts offer leveraged trading, allowing traders to magnify potential profits (and losses).Key differences lie in volatility, market capitalization, and underlying asset characteristics. DOGE is significantly more volatile than Bitcoin.Trading fees and leverage limits can vary between exchanges offering these contract...
See all articles
