Market Cap: $2.7965T 0.480%
Volume(24h): $121.5102B -17.520%
Fear & Greed Index:

20 - Extreme Fear

  • Market Cap: $2.7965T 0.480%
  • Volume(24h): $121.5102B -17.520%
  • Fear & Greed Index:
  • Market Cap: $2.7965T 0.480%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top Cryptospedia

Select Language

Select Language

Select Currency

Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos

How to sell BitMEX perpetual contracts

Sell BitMEX perpetual contracts by creating an account, funding it, placing a sell order, monitoring your position, closing it with a buy order, and withdrawing your funds.

Nov 10, 2024 at 06:39 am

How to Sell BitMEX Perpetual Contracts: A Comprehensive Guide

Perpetual contracts, also known as perpetual swaps, offer traders a powerful tool for speculating on the price of an underlying asset without the need for physical delivery. They provide leverage and allow traders to maintain their positions indefinitely. BitMEX, a leading cryptocurrency derivatives exchange, is a popular platform for trading perpetual contracts. This guide will provide a step-by-step walkthrough on how to sell BitMEX perpetual contracts.

1. Create an Account on BitMEX

To begin trading perpetual contracts on BitMEX, you need to create an account. The registration process is simple and straightforward:

  • Visit the BitMEX website (https://www.bitmex.com/) and click on the "Register" button.
  • Provide your email address, create a password, and agree to the terms of service.
  • You will receive a confirmation email with a link to activate your account.
  • Once your account is activated, you can log in and start trading.

2. Fund Your Account

Before you can start selling perpetual contracts, you need to fund your BitMEX account. BitMEX supports deposits in a variety of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and USDT.

  • Log in to your BitMEX account and click on the "Deposit" tab.
  • Select the cryptocurrency you want to deposit and follow the instructions provided.
  • Once your deposit is confirmed, you will be able to use it to fund your perpetual contract trades.

3. Place a Sell Order

To sell a perpetual contract, you need to place a sell order. This indicates your intention to sell the underlying asset at a specific price.

  • Click on the "Trade" tab and select the perpetual contract you want to sell.
  • Enter the quantity of the contract you want to sell.
  • Select the "Sell" button.
  • Enter the price at which you want to sell the contract.
  • Click on the "Place Order" button.

4. Monitor Your Position

Once you have placed a sell order, you can monitor the status of your position in the "Positions" tab. The position status will show you the following information:

  • The quantity of the contract you have sold.
  • The price at which you sold the contract.
  • The profit or loss on your position.
  • The margin required to maintain your position.

5. Close Your Position

When you are ready to close your position, you need to place a buy order. This indicates your intention to buy back the underlying asset at a specific price.

  • Click on the "Trade" tab and select the perpetual contract you want to close.
  • Enter the quantity of the contract you want to buy back.
  • Select the "Buy" button.
  • Enter the price at which you want to buy back the contract.
  • Click on the "Place Order" button.

6. Withdraw Your Funds

Once you have closed your position and realized your profit or loss, you can withdraw your funds from BitMEX.

  • Log in to your BitMEX account and click on the "Withdraw" tab.
  • Select the cryptocurrency you want to withdraw.
  • Enter the amount you want to withdraw.
  • Follow the instructions provided to complete the withdrawal process.

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.

Related knowledge

What are the risk control methods in Bitcoin contract trading?

What are the risk control methods in Bitcoin contract trading?

Feb 28,2025 at 06:07am

What are the Risk Control Methods in Bitcoin Contract Trading?Key Points:Understanding Leverage and Position Sizing: Proper leverage utilization and precise position sizing are fundamental to risk management in Bitcoin contract trading. This involves understanding your risk tolerance and capital allocation strategies.Stop-Loss Orders: Your First Line of...

How to choose leverage in Bitcoin contract trading?

How to choose leverage in Bitcoin contract trading?

Feb 28,2025 at 01:06am

How to Choose Leverage in Bitcoin Contract Trading?Key Points:Understanding Leverage and its Risks: Leverage amplifies both profits and losses. A higher leverage multiplies gains but equally magnifies potential losses, potentially leading to liquidation. This section will delve into the mechanics of leverage and its impact on your trading capital.Assess...

What does liquidity mean in Bitcoin contract trading?

What does liquidity mean in Bitcoin contract trading?

Feb 27,2025 at 08:19pm

What Does Liquidity Mean in Bitcoin Contract Trading?Key Points:Liquidity's Core Meaning: Liquidity in Bitcoin contract trading refers to the ease with which a trader can buy or sell a Bitcoin contract without significantly impacting its price. High liquidity means orders are filled quickly at the current market price, while low liquidity implies diffic...

How to set up stop-profit and stop-loss for Bitcoin contracts?

How to set up stop-profit and stop-loss for Bitcoin contracts?

Feb 28,2025 at 02:49am

How to Set Up Stop-Profit and Stop-Loss for Bitcoin Contracts?Key Points:Understanding Leverage and Risk: Bitcoin contracts utilize leverage, magnifying both profits and losses. Stop-loss and stop-profit orders are crucial for risk management in this high-volatility market. Incorrectly setting these orders can lead to significant financial losses. Under...

Is Bitcoin contract suitable for beginners?

Is Bitcoin contract suitable for beginners?

Feb 28,2025 at 04:25am

Is Bitcoin Contract Suitable for Beginners?Key Points:Understanding Bitcoin Contracts: Bitcoin contracts, primarily referring to Bitcoin futures and options, are complex financial instruments that involve significant risk. Beginners lack the necessary experience to accurately assess and manage this risk.Leverage and Risk: The high leverage offered by Bi...

What is the forced liquidation mechanism of Bitcoin contracts?

What is the forced liquidation mechanism of Bitcoin contracts?

Feb 28,2025 at 03:43am

What is the Forced Liquidation Mechanism of Bitcoin Contracts?Key Points:Understanding the concept of margin trading and leverage in the context of Bitcoin contracts.Detailing how liquidation prices are calculated based on position size, leverage, and the current market price.Exploring the different types of liquidation mechanisms employed by various cr...

What are the risk control methods in Bitcoin contract trading?

What are the risk control methods in Bitcoin contract trading?

Feb 28,2025 at 06:07am

What are the Risk Control Methods in Bitcoin Contract Trading?Key Points:Understanding Leverage and Position Sizing: Proper leverage utilization and precise position sizing are fundamental to risk management in Bitcoin contract trading. This involves understanding your risk tolerance and capital allocation strategies.Stop-Loss Orders: Your First Line of...

How to choose leverage in Bitcoin contract trading?

How to choose leverage in Bitcoin contract trading?

Feb 28,2025 at 01:06am

How to Choose Leverage in Bitcoin Contract Trading?Key Points:Understanding Leverage and its Risks: Leverage amplifies both profits and losses. A higher leverage multiplies gains but equally magnifies potential losses, potentially leading to liquidation. This section will delve into the mechanics of leverage and its impact on your trading capital.Assess...

What does liquidity mean in Bitcoin contract trading?

What does liquidity mean in Bitcoin contract trading?

Feb 27,2025 at 08:19pm

What Does Liquidity Mean in Bitcoin Contract Trading?Key Points:Liquidity's Core Meaning: Liquidity in Bitcoin contract trading refers to the ease with which a trader can buy or sell a Bitcoin contract without significantly impacting its price. High liquidity means orders are filled quickly at the current market price, while low liquidity implies diffic...

How to set up stop-profit and stop-loss for Bitcoin contracts?

How to set up stop-profit and stop-loss for Bitcoin contracts?

Feb 28,2025 at 02:49am

How to Set Up Stop-Profit and Stop-Loss for Bitcoin Contracts?Key Points:Understanding Leverage and Risk: Bitcoin contracts utilize leverage, magnifying both profits and losses. Stop-loss and stop-profit orders are crucial for risk management in this high-volatility market. Incorrectly setting these orders can lead to significant financial losses. Under...

Is Bitcoin contract suitable for beginners?

Is Bitcoin contract suitable for beginners?

Feb 28,2025 at 04:25am

Is Bitcoin Contract Suitable for Beginners?Key Points:Understanding Bitcoin Contracts: Bitcoin contracts, primarily referring to Bitcoin futures and options, are complex financial instruments that involve significant risk. Beginners lack the necessary experience to accurately assess and manage this risk.Leverage and Risk: The high leverage offered by Bi...

What is the forced liquidation mechanism of Bitcoin contracts?

What is the forced liquidation mechanism of Bitcoin contracts?

Feb 28,2025 at 03:43am

What is the Forced Liquidation Mechanism of Bitcoin Contracts?Key Points:Understanding the concept of margin trading and leverage in the context of Bitcoin contracts.Detailing how liquidation prices are calculated based on position size, leverage, and the current market price.Exploring the different types of liquidation mechanisms employed by various cr...

See all articles

User not found or password invalid

Your input is correct