Where is the BingX usdt-based contract?

BingX offers USDT-based contracts, accessible through the "Trading" tab, featuring a comprehensive interface for selecting pairs, placing orders, monitoring positions, and utilizing advanced order types with adjustable leverage.

Dec 07, 2024 at 04:53 pm

Where is the BingX USDT-Based Contract?

BingX, a renowned cryptocurrency exchange, offers a diverse range of trading options, including USDT-based contracts. Here's a comprehensive guide to locate and access these contracts on the BingX platform:

Step 1: Navigating the BingX Website or Mobile App

1. Visit the official BingX website or download the BingX mobile app for iOS or Android devices.
2. Once on the platform, hover over the "Trading" tab located in the top navigation menu.
3. From the dropdown menu, select "USDT Contracts."

Step 2: Understanding the USDT Contracts Interface

1. The USDT Contracts interface consists of several key components:

   • Trading Pair Selector: Enables you to choose the specific cryptocurrency pair you wish to trade.
   • Order Entry Section: Allows you to place buy or sell orders, specify the order type and quantity.
   • Market Depth Chart: Displays real-time order book data, including bid and ask prices.
   • Chart: Provides a graphical representation of the price action for the selected trading pair.

Step 3: Placing a USDT Contract Order

1. Select the desired trading pair from the Trading Pair Selector.
2. In the Order Entry Section, indicate the order type (Limit, Market, Stop-Limit, etc.).
3. Specify the order quantity and price level (for Limit orders).
4. Click "Buy" or "Sell" to place the order.

Step 4: Monitoring and Managing Your Positions

1. Your open orders and positions will be displayed in the "Positions" tab.
2. From here, you can monitor the current status of your positions, including their entry price, profit or loss, and margin utilization.
3. Use the "Close" button to close your positions and realize gains or losses.

Additional Features and Benefits of BingX USDT Contracts

1. Leverage Options: BingX offers adjustable leverage options, allowing traders to potentially amplify their profits but also their risk.
2. Advanced Order Types: BingX supports a variety of advanced order types, such as Stop-Loss and Trailing-Stop orders, providing sophisticated risk management tools.
3. High Liquidity: BingX maintains ample liquidity for USDT contracts, ensuring smooth order execution and minimizing slippage.
4. User-Friendly Interface: The BingX platform boasts an intuitive interface that simplifies the trading process for both beginners and experienced traders.