How to buy contracts on Poloniex

To buy contracts on Poloniex, users first create an account, fund it, navigate to the Contracts Trading page, choose a contract to trade, set trade parameters, place a buy order, and monitor and manage their contract position.

Nov 27, 2024 at 02:13 am

How to Buy Contracts on Poloniex

Poloniex is one of the leading cryptocurrency exchanges offering a wide range of trading options, including contract trading. Contract trading involves buying or selling contracts that represent the underlying asset, in this case, cryptocurrencies. Understanding how to buy contracts on Poloniex is crucial for traders looking to leverage this trading strategy.

Step 1: Create and Fund Your Poloniex Account

Visit the Poloniex website and create a new account.
Provide personal details, including name, email, and password.
Verify your email address to activate your account.
Fund your account with cryptocurrency or fiat currency (via supported payment methods).

Step 2: Navigate to the Contracts Trading Page

Log in to your Poloniex account.
Hover over the "Trading" tab in the top navigation bar.
Select "Contracts" from the drop-down menu.

Step 3: Choose a Contract to Trade

Scroll down the Contracts Trading page and browse the available contract listings.
Each contract listing displays the underlying asset, contract type, expiration date, and other details.
Select the contract you wish to trade.

Step 4: Set Your Trade Parameters

Specify the "Quantity" of contracts you want to buy.
Choose your desired "Limit" or "Market" order type.
Limit order: Allows you to set a specific price at which you want to buy the contract.
Market order: Executes your trade immediately at the current market price.
Adjust the "Leverage" you want to apply (if desired). Leverage increases your potential profit and risk.

Step 5: Place Your Buy Order

Review your order details carefully.
Click the "Buy" button to place your order.
Your order will be added to the order book and executed when the market price reaches your specified parameters.

Step 6: Monitor Your Contract Position

Navigate to the "Positions" tab under the "Contracts" section.
This tab displays all your active contract positions.
Monitor the performance of your contracts by tracking their current price, profit/loss, and other relevant metrics.

Step 7: Manage Your Contract Position

You can adjust your contract position by placing additional orders or modifying existing ones.
To close your position (sell your contracts), follow similar steps as for buying, but select the "Sell" button.
Managing your contract position involves monitoring market conditions and adjusting your strategy accordingly.

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

gork

$0.0624

100.06%

Trade Now
PUNDIX

$0.6330

54.59%

Trade Now
ZBCN

$0.0017

33.53%

Trade Now
KEEP

$0.1087

24.44%

Trade Now
AERGO

$0.1905

19.50%

Trade Now
AVA

$0.0738

16.34%

Trade Now

Latest Crypto News

ZachXBT Announces He and Collaborators Have Frozen Some of the Bitcoin Stolen in a Recent $330M Theft
2025-05-03 11:15:13
title: Discussions around the DOGE stimulus checks are growing, but official payments remain unapproved
2025-05-03 11:15:13
Binance Security Team Helps Freeze Roughly $7M of the $330M in Bitcoin Stolen from a US Crypto Holder
2025-05-03 11:10:12
President Trump's venture into crypto products has increased his family's wealth by billions
2025-05-03 11:10:12
Strategy, Previously Known as MicroStrategy, Earned a $5.8 Billion Profit on Its Bitcoin Investments in the First Quarter of 2025
2025-05-03 11:05:12
Dogecoin Cloud Mining Explained
2025-05-03 11:05:12

Related knowledge

How to adjust the leverage in Gemini contract? Will it affect the current order?

May 02,2025 at 08:07pm

Introduction to Leverage in Gemini ContractsGemini, a well-known cryptocurrency exchange, offers futures contracts that allow traders to speculate on the future price of cryptocurrencies. One of the key features of these contracts is the ability to use leverage, which can amplify both potential gains and losses. Leverage in Gemini contracts refers to th...

How to calculate the index price of Gemini contract? Which exchanges are the sources?

May 03,2025 at 02:28am

The index price of a Gemini contract is a crucial metric used to determine the fair value of a cryptocurrency futures contract on the Gemini exchange. This index price is calculated using a methodology that aims to provide a reliable and transparent reference price for traders and investors. In this article, we will delve into the specifics of how the i...

How to switch trading pairs in Gemini contract? Will it affect existing positions?

May 02,2025 at 01:43am

Switching trading pairs in the Gemini contract can be a crucial aspect of managing your cryptocurrency portfolio. This guide will walk you through the process of switching trading pairs and discuss whether this action will affect your existing positions. Understanding these elements is essential for effective trading on the Gemini platform. Understandin...

How to modify the security settings of a Gemini contract? What measures are recommended?

May 02,2025 at 06:35pm

Modifying the security settings of a Gemini contract and implementing recommended security measures are crucial steps in safeguarding your cryptocurrency assets. This article will guide you through the process of adjusting security settings on the Gemini platform and outline the best practices for maintaining the highest level of security for your contr...

How to cancel pending orders in a Gemini contract? Is there a time limit?

May 01,2025 at 11:14pm

When managing your cryptocurrency trades on Gemini, understanding how to handle pending orders, especially within the Gemini contract framework, is crucial. Pending orders are those that have been placed but not yet executed. If you find yourself needing to cancel these orders, Gemini provides a straightforward process to do so. Additionally, knowing wh...

How to transfer assets in a Gemini contract? Is there a handling fee?

May 02,2025 at 12:36am

Transferring assets within a Gemini contract involves a straightforward process that ensures the secure movement of your cryptocurrencies. Whether you're moving funds between your own accounts or sending them to another user, understanding the steps and potential fees is crucial. Let's delve into the details of how to transfer assets in a Gemini contrac...