Bithumb currency-based contract tutorial

On Bithumb, currency-based futures contracts, also known as perpetual futures contracts, enable traders to speculate on cryptocurrency price movements without the need to possess the underlying asset.

Nov 20, 2024 at 10:06 am

Step 1: Understanding Currency-Based Futures Contracts on Bithumb

Currency-based futures contracts, also known as perpetual futures contracts, are financial instruments that allow traders to speculate on the future price movements of cryptocurrencies without having to take delivery of the underlying asset.
On Bithumb, currency-based futures contracts are offered for Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Bitcoin Cash (BCH) against the USD stablecoin (USDT).
These contracts are perpetual, meaning they do not have an expiry date, allowing traders to hold positions for an indefinite period.

Step 2: Opening a Bithumb Account and Funding It

To trade currency-based futures contracts on Bithumb, you will first need to create an account.
Once your account is created, you will need to fund it with USDT to purchase futures contracts.
You can fund your account by depositing USDT directly from another cryptocurrency wallet or by purchasing USDT within the Bithumb platform.

Step 3: Navigating the Bithumb Futures Trading Interface

To access the futures trading interface, navigate to the "Derivatives" section of the Bithumb website.
The futures trading interface consists of several key components, including the order book, price chart, and order form.
Familiarize yourself with the interface before placing any trades.

Step 4: Placing a Futures Order

Once you have funded your account and navigated to the futures trading interface, you can place a futures order.
Choose the desired contract and enter the quantity and leverage you wish to trade.
Select the order type (e.g., market order, limit order) and place the order.

Step 5: Monitoring and Managing Futures Positions

Once you have placed a futures order, it will be displayed in the "Open Positions" tab.
Monitor your positions regularly to track their performance and adjust them as needed.
You can close a futures position by creating an opposing order or by using the "Close Position" button.

Step 6: Understanding Margin and Leverage

Margin is the amount of collateral you must deposit to open a futures position.
Leverage allows you to amplify your potential profits and losses by trading with more capital than you have available.
Use leverage with caution, as it can magnify both profits and losses.

Step 7: Managing Risk in Currency-Based Futures Trading

Currency-based futures trading carries significant risk.
To mitigate risk, use proper risk management strategies, such as setting stop-loss orders and managing your leverage effectively.
Avoid overtrading or taking on positions that exceed your risk tolerance.

Step 8: Additional Tips for Currency-Based Futures Trading on Bithumb

Utilize the Bithumb demo account to practice futures trading without risking real capital.
Consider using trading bots to automate your trading strategies.
Stay updated on market news and analysis to make informed trading decisions.
Seek advice from experienced traders or financial professionals if needed.

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.

Fear & Greed Index

Trade Now

Biggest Gainers

RAIN

$0.007852

113.00%

Trade Now
PIPPIN

$0.06097

51.96%

Trade Now
PARTI

$0.1396

42.04%

Trade Now
WAVES

$0.9141

41.69%

Trade Now
ARC

$0.04302

35.73%

Trade Now
HONEY

$0.01029

21.80%

Trade Now

Latest Crypto News

Bitcoin, eCash Fork, and Airdrop Dynamics: A Deep Dive into Crypto's Latest Controversies
2026-05-03 12:55:01
Consensus 2026 Miami: Web3, Blockchain, Cryptocurrency, NFTs, Metaverse, Conference, May 5th — Where Wall Street Meets the Digital Frontier
2026-05-02 12:45:01
Fed Holds Rates Steady, Triggering Bitcoin Price Drop Amidst Geopolitical Tensions
2026-05-01 06:45:01
Bitcoin Miners Electrify the Grid: Ohio Gas Plant Acquisition Powers Up a New Era for Digital Gold
2026-05-01 00:45:01
MegaETH's MEGA Token Hits the Big Apple: Setting New Performance Benchmarks for Real-Time Blockchain
2026-05-01 00:55:01
Solana's Slippery Slope: Price Prediction Points to Resistance Loss and Potential Further Drops
2026-05-01 06:45:01

Related knowledge

How Is AVAX Futures Margin Requirement Calculated?

Jul 23,2026 at 03:40pm

AVAX Futures Margin Structure1. AVAX futures margin consists of two distinct components: initial margin and maintenance margin. These are calculated i...

What Is the Maximum Leverage for ADA Perpetual Futures?

Jul 28,2026 at 07:40am

ADA perpetual futures leverage varies across exchanges depending on jurisdiction, user tier, and risk management policies. As of July 2026, major plat...

Why Does ADA Contract Margin Ratio Trigger Warnings?

Jul 22,2026 at 09:00am

ADA Contract Margin Ratio Mechanics1. The ADA perpetual contract on major exchanges uses a dynamic margin ratio calculated in real time based on posit...

What Is ADAUSDT Perpetual Contract Funding Rate?

Jul 24,2026 at 08:19pm

Definition and Purpose of ADAUSDT Perpetual Contract Funding Rate1. The ADAUSDT perpetual contract funding rate is a periodic fee exchange mechanism a...

How Much Leverage Is Recommended for TON Perpetual Trading?

Jul 27,2026 at 05:20pm

TON Perpetual Trading Mechanics1. TON perpetual contracts operate on decentralized and centralized exchanges with varying margin models. 2. Funding ra...

What Is TON Futures Liquidation Price Formula?

Jul 23,2026 at 09:19am

TON Futures Liquidation Mechanism1. Liquidation in TON futures occurs when a trader’s margin balance falls below the maintenance margin requirement se...