Contract

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Can I withdraw cash from Crypto.com contract?

Contract trading on Crypto.com allows traders to speculate on the future price of cryptocurrencies with leverage, increasing potential gains and losses but also carrying liquidation risk.

Nov 23, 2024 at 08:16 pm

Step 1: Understanding Contract Trading on Crypto.com

Contract trading, also known as futures trading, involves speculating on the future price of an underlying asset without actually owning it. On Crypto.com, contract trading is offered through perpetual contracts, which do not have an expiration date and allow for perpetual holding.

Contracts are denominated in the underlying asset, e.g., BTC for Bitcoin contracts.
Traders use leverage (borrowed funds) to multiply their potential profits and losses.
Liquidation occurs when losses exceed the trader's margin (collateral).

Step 2: Spot Trading vs. Contract Trading

Spot trading involves buying and selling an underlying asset for immediate delivery, while contract trading speculates on the asset's future price.

Spot Trading:
- Involves actual ownership and delivery of the asset.
- Traders aim to profit from price appreciation or depreciation.
- No leverage is used, reducing the risk of liquidation.
Contract Trading:
- Speculates on the future price of the asset without ownership.
- Uses leverage to amplify potential gains and losses.
- Liquidation risk is present due to leverage usage.

Step 3: Understanding Crypto.com Contract Trading Fees

Crypto.com charges both maker and taker fees for contract trading. Maker fees are applied to orders that add liquidity to the market, while taker fees are applied to orders that remove liquidity.

Maker Fees:
- Applied to orders that create a new order in the order book.
- Typically less than taker fees, ranging from 0.002% to 0.004%.
Taker Fees:
- Applied to orders that match existing orders in the order book.
- Higher than maker fees, ranging from 0.004% to 0.006%.

Step 4: Depositing Funds for Contract Trading

To participate in contract trading on Crypto.com, you must first deposit funds into your account.

Supported Fiat Currencies: USD, EUR, GBP, etc.
Supported Cryptocurrencies: BTC, ETH, USDT, etc.
Deposit Methods: Bank transfer, credit/debit card, third-party payment platforms.

Step 5: Withdrawing Funds from Contract Trading

Once you have made profits from contract trading, you can withdraw your funds.

Withdrawal Options: Fiat currencies, cryptocurrencies.
Withdrawal Fees: May vary depending on the chosen withdrawal method and asset.
Withdrawal Processing Time: Typically within a few hours.

Step 6: Risk Management in Contract Trading

Contract trading carries a high level of risk due to leverage usage. To manage risk effectively, consider the following strategies:

Use Stop-Loss Orders: Automatically execute trades when a preset price level is reached to limit losses.
Manage Leverage Prudently: Use leverage appropriate to your risk tolerance.
Monitor Your Positions Regularly: Regularly review the performance of your trades and adjust them 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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