How to trade contracts on Bithumb

To trade contracts on Bithumb, begin by creating an account, funding it, and then locating the desired contract market within the platform's interface.

Nov 18, 2024 at 10:15 pm

How to Trade Contracts on Bithumb

Step 1: Create a Bithumb Account

Visit the Bithumb website and click "Sign up."
Enter your email address, create a password, and agree to the terms of service.
Click "Create Account."
You will receive a verification email. Click the link in the email to activate your account.

Step 2: Fund Your Account

Log in to your Bithumb account.
Click "Deposit" in the top menu.
Select your desired deposit method (e.g., bank transfer, credit card, crypto).
Follow the instructions to complete your deposit.

Step 3: Find the Contracts Market

Click "Contracts" in the top menu.
Select the desired contract market (e.g., BTC-USD).

Step 4: Place an Order

On the contract market page, select the order type. Common types include:
- Limit Order: Execute a buy or sell order at a specific price.
- Market Order: Execute a buy or sell order at the current market price.
- Stop Order: Execute a buy or sell order when the price reaches a specified level.
Enter the order quantity in the designated field.
Click "Buy" or "Sell" to place the order.

Step 5: Monitor Your Order

Your open orders will be displayed in the "My Orders" section.
You can cancel an order by clicking the "Cancel" button.

Step 6: Close Your Position

To close your position, place an opposite order (e.g., sell to close a buy position).
You can also close your position by clicking the "Close Position" button in the "My Orders" section.

Step 7: Withdraw Your Funds

Once you have closed your position and realized your profit or loss, you can withdraw your funds by following these steps:
- Click "Withdraw" in the top menu.
- Select your desired withdrawal method (e.g., bank transfer, credit card, crypto).
- Enter the withdrawal amount and follow the instructions to complete your withdrawal.

Additional Considerations:

Contracts trading involves high risk due to leverage. Use caution and manage your risk accordingly.
Before trading, research the specific contract market you are interested in, including the underlying asset, contract specifications, and market conditions.
Consider using stop-loss orders to limit potential losses.
Monitor your open positions regularly and adjust your strategy as needed.

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！

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