How to trade Poloniex contracts

Sentence: To trade Poloniex contracts, users must first create an account, fund it with cryptocurrency or fiat currencies, and navigate to the Poloniex Contracts platform to understand contract specifications and place orders.

Nov 27, 2024 at 07:38 pm

How to Trade Poloniex Contracts: A Comprehensive Guide

Introduction

Poloniex, one of the leading cryptocurrency exchanges, offers a robust platform for contract trading, enabling users to trade crypto derivatives with the potential for higher leverage and increased profitability. This guide will provide a step-by-step walkthrough of how to trade Poloniex contracts, from setting up an account to placing trades and managing risk.

Step 1: Create a Poloniex Account

Visit the Poloniex website (www.poloniex.com) and click on "Sign Up" to create a new account.
Enter a valid email address, create a password, and agree to the terms of service.
Verify your email address by clicking on the confirmation link sent to your inbox.

Step 2: Fund Your Account

Log in to your Poloniex account and click on "Balances" from the top menu.
To deposit cryptocurrencies, click on the "Deposit" button for the desired currency and follow the instructions provided.
Alternatively, you can use fiat currencies like USD to purchase cryptocurrencies directly through Poloniex using the "Buy Crypto" option.

Step 3: Access the Poloniex Contracts Platform

Once your account is funded, navigate to the "Trading" tab from the top menu and select "Contracts" from the sub-menu.
This will redirect you to the Poloniex Contracts platform, where you can start trading perpetual futures contracts.

Step 4: Understand Contract Specifications

Before placing a trade, it's essential to understand the contract specifications for the underlying asset you wish to trade.
These specifications include the contract size (e.g., 1 ETH), the leverage ratio (e.g., 100x), the funding interval (e.g., 8 hours), and the liquidation price.
This information is crucial for calculating potential profits and losses, as well as managing risk.

Step 5: Place a Contract Order

To place a contract order, select the trading pair you want to trade from the left-hand menu (e.g., ETH/USDT).
Choose the order type (e.g., Market or Limit) and enter the desired contract quantity.
Set the desired leverage ratio and manage risk accordingly.
Review the order details, including the potential profit/loss, and click on "Buy" or "Sell" to place the order.

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.

Fear & Greed Index

Trade Now

Biggest Gainers

ALCH

$0.0836

45.07%

Trade Now
BGSC

$0.0102

39.39%

Trade Now
ANKR

$0.0225

25.74%

Trade Now
SPX

$0.6213

23.56%

Trade Now
ARC

$0.0617

20.30%

Trade Now
AIXBT

$0.1218

19.73%

Trade Now

Latest Crypto News

North Korea Owns 13,562 Bitcoins Worth $1.14 Billion
2025-03-24 22:25:12
Bitcoin (BTC) Shows Signs of Recovery Slowly as Bulls Defend Lower Levels to Maintain Control
2025-03-24 22:25:12
Strategy Firm Led by Michael Saylor Raises $722 Million by Selling Perpetual Strife Series A Perpetual Preferred Shares (STRF)
2025-03-24 22:20:12
Kalp Has Recently Entered into a Strategic Collaboration with Plena Finance
2025-03-24 22:20:12
Prepare .... Because Bitcoin shows exciting possibilities on the timeline for two hours!
2025-03-24 22:15:12
Coinbase is acquiring Deribit, the world's largest Bitcoin and Ether options exchange
2025-03-24 22:15:12

Related knowledge

how to find bitcoin contract address

Mar 22,2025 at 05:07pm

How to Find a Bitcoin Contract Address: A Deep DiveFinding a Bitcoin contract address requires understanding that Bitcoin itself doesn't inherently support smart contracts like Ethereum. The concept of a "contract address" is fundamentally tied to blockchain platforms with smart contract functionality. Therefore, searching for a Bitcoin contract address...

bitcoin smart contracts example

Mar 22,2025 at 05:35am

Bitcoin Smart Contracts: Example Use Cases and Technical LimitationsBitcoin, initially designed as a peer-to-peer electronic cash system, has limitations in supporting complex smart contracts like those found on Ethereum. While Bitcoin doesn't natively support Turing-complete smart contracts, several methods are being explored to enhance its functionali...

how to trade bitcoin futures in us

Mar 24,2025 at 07:49pm

How to Trade Bitcoin Futures in the USTrading Bitcoin futures in the US offers a unique approach to Bitcoin investment, allowing traders to speculate on the future price of Bitcoin without directly owning the underlying asset. This opens doors for sophisticated trading strategies but also introduces significant risk. Understanding the process and associ...

how to trade bitcoin futures on coinbase

Mar 22,2025 at 01:49am

How to Trade Bitcoin Futures on CoinbaseCoinbase, a prominent cryptocurrency exchange, doesn't currently offer direct Bitcoin futures trading. This is a key distinction to understand. While Coinbase provides a platform for spot trading Bitcoin (buying and selling Bitcoin at the current market price), futures contracts are not part of their current produ...

how to trade bitcoin futures

Mar 23,2025 at 09:29am

How to Trade Bitcoin FuturesBitcoin futures contracts offer traders the opportunity to speculate on the future price of Bitcoin without directly owning the underlying asset. This allows for leveraged trading, magnifying potential profits but also increasing potential losses. Understanding the mechanics and risks is crucial before engaging in this comple...

how to trade futures on binance mobile app

Mar 20,2025 at 02:35pm

Key Points:Binance's mobile app provides access to a range of cryptocurrency futures contracts.Trading futures involves significant risk due to leverage and price volatility.Understanding margin, leverage, and liquidation is crucial before trading.The app offers various order types to manage risk and execute trades effectively.Security practices like st...