How to trade Deepcoin contracts

To trade contracts on Deepcoin, you must establish an account, fund it, select a contract type, specify order details, monitor its progress, and close the order upon completion.

Nov 25, 2024 at 06:29 pm

How to Trade Deepcoin Contracts

Step 1: Open a Deepcoin Account

To trade Deepcoin contracts, you will first need to open a Deepcoin account. This can be done by visiting the Deepcoin website and clicking on the "Sign Up" button.

Once you have clicked on the "Sign Up" button, you will be asked to provide your email address, create a password, and agree to the Deepcoin Terms of Service.

After you have provided the required information, you will need to click on the "Create Account" button.

Once you have created your Deepcoin account, you will need to verify your email address. To do this, you will need to click on the link in the confirmation email that was sent to your inbox.

Once you have verified your email address, you will be able to log in to your Deepcoin account and begin trading contracts.

Step 2: Fund Your Deepcoin Account

Before you can start trading Deepcoin contracts, you will need to fund your account. This can be done by clicking on the "Deposit" button in the top navigation bar.

There are a variety of ways to fund your Deepcoin account, including:

Bank Transfer
Credit Card
Debit Card
Cryptocurrency

Once you have selected a deposit method, you will need to follow the instructions on the screen.

Please note that there may be a minimum deposit amount required.

Step 3: Choose a Contract to Trade

Deepcoin offers a variety of contracts to trade, including:

Perpetual Contracts
Futures Contracts
Spot Contracts

Each type of contract has its own unique characteristics.

Perpetual Contracts: Perpetual contracts are contracts that do not have an expiration date. This means that you can hold a perpetual contract for as long as you want.

Futures Contracts: Futures contracts are contracts that have a set expiration date. This means that you must close out your futures contract before the expiration date.

Spot Contracts: Spot contracts are contracts that are settled immediately. This means that you will receive the underlying asset immediately after you purchase a spot contract.

Once you have chosen a contract to trade, you will need to click on the "Trade" button.

Step 4: Place an Order

To place an order, you will need to specify the following information:

Order Type: There are two types of orders that you can place: market orders and limit orders. Market orders are executed immediately at the best available price. Limit orders are executed only when the price reaches a specified level.

Order Side: You will need to specify whether you want to buy or sell a contract.

Order Quantity: You will need to specify the number of contracts that you want to buy or sell.

Leverage: You can use leverage to increase your potential profits. However, leverage also increases your risk of loss.

Once you have specified all of the required information, you will need to click on the "Place Order" button.

Step 5: Monitor Your Order

Once you have placed an order, you will need to monitor it to make sure that it is executed as desired.

You can monitor your orders in the "Orders" tab of the Deepcoin website.

Step 6: Close Your Order

When you are ready to close your order, you will need to click on the "Close Order" button.

You can also close your order by placing an opposite order. For example, if you have a buy order open, you can close it by placing a sell order.