What does ProBit Global contract delivery mean?

Using contract delivery on ProBit Global, traders can speculate on asset prices, manage risk, and potentially gain income by entering agreements to buy or sell assets at specified prices and delivery dates.

Nov 30, 2024 at 01:27 am

What does ProBit Global contract delivery mean?

ProBit Global is a cryptocurrency exchange that offers a variety of trading options, including contract delivery. Contract delivery is a type of trading in which two parties agree to buy or sell an asset at a predetermined price and time. In the case of ProBit Global, contract delivery involves the delivery of a cryptocurrency asset.

There are a number of benefits to using contract delivery on ProBit Global. First, it allows traders to speculate on the price of an asset without having to actually own it. This can be a valuable tool for traders who are looking to profit from price movements in the cryptocurrency market.

Second, contract delivery can be used to hedge against risk. Traders who are long on an asset can enter into a contract delivery agreement to sell the asset at a predetermined price, thereby protecting themselves from losses if the price of the asset falls.

Third, contract delivery can be used to generate income. Traders who have a strong understanding of the cryptocurrency market can enter into contract delivery agreements and profit from the difference between the price of the asset at the time the contract is entered into and the price of the asset at the time of delivery.

How to use contract delivery on ProBit Global

To use contract delivery on ProBit Global, you will need to have a ProBit Global account. Once you have created an account, you will need to deposit cryptocurrency into your account. You can then use this cryptocurrency to enter into contract delivery agreements.

To enter into a contract delivery agreement, you will need to select the asset that you want to trade and the amount of the asset that you want to buy or sell. You will also need to select the price at which you want to buy or sell the asset and the delivery date.

Once you have selected all of the necessary information, you will need to click on the "Submit" button. Your order will then be placed on the ProBit Global order book.

If your order is filled, you will be obligated to buy or sell the asset at the agreed-upon price on the delivery date. You can view your open orders in the "Orders" section of your ProBit Global account.

Fees associated with contract delivery on ProBit Global

ProBit Global charges a number of fees for contract delivery. These fees include:

• Maker fee: A fee that is charged to traders who place orders that are not immediately filled.
• Taker fee: A fee that is charged to traders who place orders that are immediately filled. Fees decrease as transaction volume for each user increases.
• Delivery fee: A fee that is charged to traders who deliver assets on a contract delivery agreement.

The maker fee is 0.05% of the order value. The taker fee is 0.1% of the order value. The delivery fee is 0.02% of the order value.

Risks associated with contract delivery on ProBit Global

There are a number of risks associated with contract delivery on ProBit Global. These risks include:

• The risk of losing money: The price of an asset can move against you, causing you to incur losses on your investment.
• The risk of liquidation: If you are unable to meet your margin requirements, your position may be liquidated, resulting in the loss of your entire investment.
• The risk of fraud: There is always the risk of fraud when trading on a cryptocurrency exchange.

Conclusion
Contract delivery on ProBit Global is a powerful tool that can be used to speculate on the price of an asset, hedge against risk, and generate income. However, it is important to be aware of the risks associated with contract delivery before you start trading.