How to buy Bitget contracts

Bitget's platform offers a seamless process for engaging in contract trading, from account creation and funding to executing and managing contracts with sophisticated order types.

Nov 09, 2024 at 10:55 pm

How to Engage in Contract Trading on Bitget

1. Creating an Account on Bitget

• Visit the official Bitget website and click the [Create Account](https://www.bitget.com/en/register) button.
• Input your email address, create a secure password, and enter your code if you have a referral. Read and agree to the terms and conditions.
• Complete the Captcha verification and click [Create Account].
• A confirmation email will be sent to your provided email address. Click the link in the email to verify your account.

2. KYC Verification (Optional, but Recommended)

• For enhanced security and access to higher withdrawal limits, consider completing Know-Your-Customer (KYC) verification.
• Log in to your Bitget account, hover over [Account] on the menu bar, and select [Verification].
• Provide personal information, including your name, ID number, country, address, and phone number. Follow the instructions to upload relevant documents such as your passport or ID card.
• Bitget's compliance team will review your documents, and verification usually takes within 24 hours.

3. Funding the Account with Capital

• Log in to your Bitget account and click [Assets] > [Deposit].
• Choose your preferred deposit method (cryptocurrency, fiat currency via P2P or third-party platforms).
• Follow the on-screen instructions to transfer funds to your Bitget account.
• The processing time for deposits varies depending on the method used and network conditions.

4. Understanding Contract Trading

• Types of Contracts: Bitget offers various contract types, including Futures, USDT-Margined Contracts, and Coin-Margined Contracts. Each contract type has unique features and risks.
• Leverage and Margin: Contract trading involves using leverage, which allows you to control a higher notional value with less capital. However, higher leverage increases potential profits and losses.
• Order Types: Familiarize yourself with the different order types available in contract trading, such as Market Order, Limit Order, Stop Order, and Take Profit Order.

5. Placing a Contract Order

• To place a contract order on Bitget, navigate to the [Contracts] section from the menu bar and select the desired contract type.

• Choose a trading pair (e.g., BTC/USDT) and input the following information:

  • Order Type: Select the appropriate order type based on your trading strategy.
  • Direction: Specify whether you want to Buy or Sell the contract.
  • Quantity: Enter the number of contracts you wish to trade.
  • Price (Optional): If placing a Limit Order, specify the desired execution price.
  • Leverage: Select the desired leverage ratio, keeping in mind the potential risks.
• Review your order details and click [Place Order] to execute the trade.

6. Monitoring and Managing Contracts

• After placing an order, you can monitor its status, adjust positions, or close contracts in the [Contracts] section.
• Use the [Stop Loss] and [Take Profit] features to set risk management parameters and automate order execution.
• Regularly review market conditions and adjust your trading strategy accordingly.

7. Closing a Contract Position

• To close a contract position, navigate to the [Contracts] section and locate the position you wish to close.
• Click on the [Close] button next to the position and adjust the closing parameters if necessary.
• The contract position will be settled at the prevailing market price, and any profit or loss will be reflected in your trading account.