On the Ouyi APP, where is the entrance to close the contract mode?

To close a contract mode on the Ouyi APP, navigate to "Derivatives" > "Contracts" > "BTCUSDT Perpetual" or "ETHUSD Quarterly" > tap on the contract > "Close" > enter trading password and confirm closure.

Jan 26, 2025 at 04:36 pm

Key Points:

• Overview of Contract Trading on Ouyi APP
• Steps to Close Contract Mode
• Additional Ouyi APP Functions
• FAQ: Contract Trading on Ouyi APP

Content:

Overview of Contract Trading on Ouyi APP

Ouyi APP is a renowned cryptocurrency exchange that offers a comprehensive suite of services, including contract trading. Contract trading allows users to speculate on the future price of a crypto asset by entering into standardized contracts.

Steps to Close Contract Mode

To close the contract mode on the Ouyi APP, follow these steps:

1. Log into Ouyi APP: Enter your login credentials to access your Ouyi account.
2. Navigate to Contract Trading: Click on the "Derivatives" tab at the bottom of the homepage, and then select "Contracts" to enter the contract trading interface.
3. Choose Contract Type: Select the contract type you wish to close, such as "BTCUSDT Perpetual" or "ETHUSD Quarterly."
4. Open Contract Position Details: Tap on the corresponding contract to view its position details.
5. Close Position: Click on the "Close" button on the position details page. You can choose to close your position partially or in its entirety.
6. Confirm Closure: Review the closure details, including the closing price and fee, and then confirm the closure by entering your trading password.

Additional Ouyi APP Functions

In addition to contract trading, Ouyi APP offers a range of other functions, including:

• Spot Trading: Enables users to buy and sell cryptocurrencies directly at market prices.
• Margin Trading: Allows users to borrow funds to increase their trading leverage.
• OTB Trading: Connects buyers and sellers over-the-counter (OTC), eliminating the need for order books.
• Crypto Earn: Provides opportunities to earn passive income by lending or staking crypto assets.

FAQ: Contract Trading on Ouyi APP

Q1. What is the minimum trade size for contract trading?
A1. The minimum trade size varies depending on the specific contract, but it is typically around 0.01 BTC or 1 ETH.

Q2. What are the trading fees for contract trading?
A2. Trading fees vary based on VIP level, with lower fees for higher-level members.

Q3. Can I use leverage in contract trading?
A3. Yes, Ouyi APP offers leverage of up to 100x on certain contracts.

Q4. How do I manage my risk in contract trading?
A4. Use risk management tools such as stop-loss orders and position sizing to mitigate potential losses.

Q5. What is liquidation in contract trading?
A5. Liquidation occurs when a trader's losses exceed their margin, and their position is closed automatically to cover the losses.