Market Cap: $3.3843T 0.630%
Volume(24h): $115.6494B -9.640%
Fear & Greed Index:

54 - Neutral

  • Market Cap: $3.3843T 0.630%
  • Volume(24h): $115.6494B -9.640%
  • Fear & Greed Index:
  • Market Cap: $3.3843T 0.630%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top Cryptospedia

Select Language

Select Language

Select Currency

Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos

How to open BitFlyer contract trading

To engage in contract trading on BitFlyer, traders must satisfy specific eligibility criteria, including Japanese residency, meet age requirements, possess a valid bank account in Japan, and successfully undergo a background check.

Nov 15, 2024 at 10:28 am

How to Open BitFlyer Contract Trading

Introduction

BitFlyer is a Japanese cryptocurrency exchange that offers a variety of trading options, including contract trading. Contract trading is a type of derivatives trading that allows you to speculate on the price of an underlying asset without actually owning the asset. This can be a risky but potentially lucrative way to trade cryptocurrencies.

Eligibility

To open a BitFlyer contract trading account, you must meet the following requirements:

  • Be a resident of Japan
  • Be at least 18 years old
  • Have a valid Japanese bank account
  • Pass a background check

Steps to Open an Account

  1. Create a BitFlyer account. You can create a BitFlyer account by visiting the BitFlyer website and clicking on the "Sign Up" button. You will need to provide your name, email address, and password.
  2. Verify your identity. Once you have created an account, you will need to verify your identity by submitting a copy of your government-issued ID and a proof of address.
  3. Fund your account. You can fund your BitFlyer account by bank transfer, credit card, or debit card.
  4. Open a contract trading account. Once your account is funded, you can open a contract trading account by clicking on the "Trade" tab and then selecting "Contracts."
  5. Choose a contract. BitFlyer offers a variety of contract types, including futures contracts and options contracts. You can choose the contract that best suits your trading style and risk tolerance.
  6. Place an order. Once you have chosen a contract, you can place an order by specifying the quantity of contracts you want to buy or sell and the price you want to pay or receive.
  7. Monitor your position. Once you have placed an order, you can monitor your position by clicking on the "Positions" tab. You can also see your profit or loss in real time.

Tips for Contract Trading

  • Do your research. Before you start trading contracts, it is important to do your research and understand the risks involved.
  • Start small. When you are first starting out, it is a good idea to start small and trade with a small amount of capital. This will help you to learn the ropes and avoid losing too much money.
  • Use stop orders. Stop orders can help you to limit your losses if the market moves against you.
  • Be patient. Contract trading can be a volatile business. It is important to be patient and not get caught up in the excitement of the moment.
  • Don't trade with money you can't afford to lose. Contract trading can be risky, and you should never trade with money that you can't afford to lose.

Conclusion

Contract trading can be a risky but potentially lucrative way to trade cryptocurrencies. By following the steps outlined in this guide, you can open a BitFlyer contract trading account and start trading.

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.

Related knowledge

How to identify the contract value range in combination with the market profile?

How to identify the contract value range in combination with the market profile?

Jul 02,2025 at 10:56pm

Understanding the Market ProfileTo effectively identify the contract value range in combination with the market profile, it's essential to first understand what each concept entails. The market profile is a framework that helps traders visualize how price and time interact across a given period, typically a trading day or session. It provides insights i...

How to use the price slope to filter the false breakthrough signal of the contract?

How to use the price slope to filter the false breakthrough signal of the contract?

Jun 20,2025 at 06:56pm

Understanding the Concept of Price Slope in Contract TradingIn contract trading, especially within cryptocurrency derivatives markets, price slope refers to the rate at which the price changes over a specific time period. It helps traders assess the strength and sustainability of a trend. A steep slope may indicate strong momentum, while a shallow slope...

How to determine the expected volatility of the contract through the volatility cone?

How to determine the expected volatility of the contract through the volatility cone?

Jun 19,2025 at 12:28pm

Understanding the Basics of Volatility in Cryptocurrency ContractsIn the realm of cryptocurrency trading, volatility is a key metric that traders use to assess potential risk and reward. When dealing with futures contracts, understanding how volatile an asset might become over time is crucial for position sizing, risk management, and strategy developmen...

How to formulate a contract intraday trading plan in combination with the pivot point system?

How to formulate a contract intraday trading plan in combination with the pivot point system?

Jun 21,2025 at 03:42pm

Understanding the Basics of Pivot Points in Cryptocurrency TradingPivot points are technical analysis tools used by traders to identify potential support and resistance levels. These levels are calculated using the previous day's high, low, and closing prices. In the context of cryptocurrency trading, where markets operate 24/7, pivot points help trader...

How to adjust the contract position ratio through the price fluctuation entropy?

How to adjust the contract position ratio through the price fluctuation entropy?

Jun 22,2025 at 11:42am

Understanding Price Fluctuation Entropy in Cryptocurrency ContractsIn the world of cryptocurrency futures trading, price fluctuation entropy is a relatively new concept used to measure market volatility and uncertainty. It derives from information theory, where entropy refers to the degree of randomness or unpredictability in a system. In crypto contrac...

How to use the volume swing indicator to predict the contract volume-price divergence?

How to use the volume swing indicator to predict the contract volume-price divergence?

Jun 18,2025 at 11:42pm

Understanding the Volume Swing IndicatorThe volume swing indicator is a technical analysis tool used primarily in cryptocurrency trading to evaluate changes in volume over time. Unlike price-based indicators, this metric focuses solely on trading volume, which can provide early signals about potential market reversals or continuations. The key idea behi...

How to identify the contract value range in combination with the market profile?

How to identify the contract value range in combination with the market profile?

Jul 02,2025 at 10:56pm

Understanding the Market ProfileTo effectively identify the contract value range in combination with the market profile, it's essential to first understand what each concept entails. The market profile is a framework that helps traders visualize how price and time interact across a given period, typically a trading day or session. It provides insights i...

How to use the price slope to filter the false breakthrough signal of the contract?

How to use the price slope to filter the false breakthrough signal of the contract?

Jun 20,2025 at 06:56pm

Understanding the Concept of Price Slope in Contract TradingIn contract trading, especially within cryptocurrency derivatives markets, price slope refers to the rate at which the price changes over a specific time period. It helps traders assess the strength and sustainability of a trend. A steep slope may indicate strong momentum, while a shallow slope...

How to determine the expected volatility of the contract through the volatility cone?

How to determine the expected volatility of the contract through the volatility cone?

Jun 19,2025 at 12:28pm

Understanding the Basics of Volatility in Cryptocurrency ContractsIn the realm of cryptocurrency trading, volatility is a key metric that traders use to assess potential risk and reward. When dealing with futures contracts, understanding how volatile an asset might become over time is crucial for position sizing, risk management, and strategy developmen...

How to formulate a contract intraday trading plan in combination with the pivot point system?

How to formulate a contract intraday trading plan in combination with the pivot point system?

Jun 21,2025 at 03:42pm

Understanding the Basics of Pivot Points in Cryptocurrency TradingPivot points are technical analysis tools used by traders to identify potential support and resistance levels. These levels are calculated using the previous day's high, low, and closing prices. In the context of cryptocurrency trading, where markets operate 24/7, pivot points help trader...

How to adjust the contract position ratio through the price fluctuation entropy?

How to adjust the contract position ratio through the price fluctuation entropy?

Jun 22,2025 at 11:42am

Understanding Price Fluctuation Entropy in Cryptocurrency ContractsIn the world of cryptocurrency futures trading, price fluctuation entropy is a relatively new concept used to measure market volatility and uncertainty. It derives from information theory, where entropy refers to the degree of randomness or unpredictability in a system. In crypto contrac...

How to use the volume swing indicator to predict the contract volume-price divergence?

How to use the volume swing indicator to predict the contract volume-price divergence?

Jun 18,2025 at 11:42pm

Understanding the Volume Swing IndicatorThe volume swing indicator is a technical analysis tool used primarily in cryptocurrency trading to evaluate changes in volume over time. Unlike price-based indicators, this metric focuses solely on trading volume, which can provide early signals about potential market reversals or continuations. The key idea behi...

See all articles

User not found or password invalid

Your input is correct