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How to open Bithumb contract trading
To begin contract trading on Bithumb, first establish an account, and ensure it's funded with cryptocurrencies before selecting a contract and placing an order while monitoring its progression for profit or loss management.
Nov 20, 2024 at 11:00 am
How to Open Bithumb Contract Trading
Step 1: Create a Bithumb Account
Before you can start trading contracts on Bithumb, you need to create an account. To do this, visit the Bithumb website and click on the "Sign Up" button. You will then be asked to provide your email address, password, and other personal information. Once you have completed the registration process, you will need to verify your account by email and phone.
Step 2: Fund Your Account
Once you have created an account, you need to fund it with cryptocurrency. To do this, click on the "Deposit" button on the Bithumb website. You will then be presented with a list of different cryptocurrencies that you can deposit. Choose the cryptocurrency that you want to deposit and follow the instructions on the screen.
Step 3: Open a Contract Trading Account
Once you have funded your account, you can open a contract trading account. To do this, click on the "Contract Trading" button on the Bithumb website. You will then be asked to select the type of contract that you want to trade. There are two types of contracts available on Bithumb: perpetual contracts and futures contracts.
Step 4: Choose a Contract to Trade
Once you have chosen the type of contract that you want to trade, you need to choose a contract to trade. There are a variety of different contracts available on Bithumb, including contracts for Bitcoin, Ethereum, Litecoin, and Ripple. Choose the contract that you are interested in trading and click on the "Trade" button.
Step 5: Place an Order
Once you have chosen a contract to trade, you need to place an order. To do this, enter the amount of the contract that you want to buy or sell and the price that you want to buy or sell it at. You can also choose to use leverage to increase your potential profits.
Step 6: Monitor Your Order
Once you have placed an order, you need to monitor it to make sure that it is executed properly. You can do this by clicking on the "Orders" button on the Bithumb website. You will then be able to see a list of all of your open orders.
Step 7: Close Your Order
Once your order has been executed, you need to close it to take profit or loss. To do this, click on the "Close Order" button on the Bithumb website. You will then be able to enter the amount of the contract that you want to close and the price that you want to close it at.
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