In which setting of Ouyi can I turn off the contract mode?

Key Points:

• Understanding Ouyi Contract Mode
• Disabling Contract Mode in Various Settings
• Alternative Options for Cryptocurrency Trading

Article:Understanding Ouyi Contract Mode

Ouyi Contract Mode is a financial instrument that allows traders to speculate on the future price movements of cryptocurrencies without actually owning the underlying asset. Traders can go long (betting on a price increase) or short (betting on a price decrease) by entering into contracts that expire on future specified dates.

Disabling Contract Mode in Various SettingsWeb Interface:

• Log in to your Ouyi account from a web browser.
• Navigate to the "Settings" tab.
• Under the "Trading" section, locate the "Contract" option.
• Toggle the switch to "Disable".

Mobile App (iOS):

• Open the Ouyi app on your iPhone.
• Tap on the "Me" icon.
• Select "Settings".
• Under the "Trading settings" section, toggle the "Contracts" option to "Off".

Mobile App (Android):

• Open the Ouyi app on your Android device.
• Tap on the "Home" icon.
• Tap on the "Menu" button (three horizontal lines) in the top-left corner.
• Select "Settings".
• Under the "Trading settings" section, toggle the "Contracts" option to "Off".

Alternative Options for Cryptocurrency Trading

If you prefer not to trade using contracts, there are several alternative options available on Ouyi:

• Spot Trading: This involves buying and selling cryptocurrencies immediately, at the current market price.
• P2P Trading: A peer-to-peer marketplace that allows users to directly buy and sell cryptocurrencies with each other.
• Margin Trading: Allows traders to leverage their positions by borrowing funds from the platform.
• Derivatives Trading: Similar to contract mode, but focuses on more complex financial instruments such as futures and options.

FAQsQ: Why would I want to disable Ouyi Contract Mode?

• A: Some traders may prefer to stick to more traditional spot trading or avoid the risks associated with leverage.

Q: Can I disable Contract Mode only for specific cryptocurrencies?

• A: No, Contract Mode must be disabled across the entire platform for all cryptocurrencies.

Q: Will disabling Contract Mode affect my other trading activities?

• A: No, disabling Contract Mode will not interfere with spot trading or other traditional trading methods.

Q: Is it possible to re-enable Contract Mode later?

• A: Yes, you can re-enable Contract Mode by following the steps outlined in the "Disabling Contract Mode" section above and toggling the switch to "Enable" instead.