![Trading is to follow [Review Video] Gold Bitcoin Crude Oil Orders Make Profits!](/uploads/2025/04/26/cryptocurrencies-news/videos/trading-follow-review-video-gold-bitcoin-crude-oil-profits/image-1.webp "Trading is to follow [Review Video] Gold Bitcoin Crude Oil Orders Make Profits!")
-
Bitcoin $94,725.6175
1.22% - Ethereum
$1,808.5443
2.04% - Tether USDt
$1.0004
0.01% - XRP
$2.2292
1.62% - BNB
$604.7907
-0.55% - Solana
$152.0582
-0.61% - USDC
$0.9998
0.00% - Dogecoin
$0.1874
3.12% - Cardano
$0.7291
1.58% - TRON
$0.2463
1.01% - Sui
$3.5840
1.14% - Chainlink
$15.1757
0.39% - Avalanche
$22.6125
1.35% - Stellar
$0.2960
5.46% - Shiba Inu
$0.0...01469
4.50% - UNUS SED LEO
$9.0503
-2.18% - Hedera
$0.1967
3.40% - Toncoin
$3.2494
-0.62% - Bitcoin Cash
$370.9112
2.92% - Polkadot
$4.3201
-0.37% - Litecoin
$87.7954
3.52% - Hyperliquid
$18.2729
-2.10% - Dai
$1.0001
0.01% - Bitget Token
$4.4761
0.25% - Ethena USDe
$0.9996
0.00% - Pi
$0.6519
-0.44% - Monero
$228.1214
-0.28% - Pepe
$0.0...09572
8.90% - Uniswap
$5.9635
1.77% - Aptos
$5.6261
0.87%
Bybit currency-based contract tutorial
In Bybit's currency-based contracts, traders speculate on crypto price movements against a stablecoin, with positions settling in the quoted currency (USDT or BUSD), ensuring enhanced liquidity and reduced volatility.
Nov 19, 2024 at 02:48 pm
Bybit Currency-Based Contract Tutorial
Step 1: Understanding Currency-Based Contracts
- Currency-based contracts, also known as inverse perpetual contracts, are derivative instruments that allow traders to speculate on the price movements of cryptocurrencies against a stablecoin, typically USDT or BUSD.
- Unlike traditional futures contracts, which settle in the underlying asset, currency-based contracts settle in the quoted currency, providing increased liquidity and reduced volatility.
- Traders can take long or short positions on these contracts, betting on whether the price of the cryptocurrency will rise or fall against the stablecoin.
Step 2: Choosing a Currency-Based Contract
- Bybit offers a wide range of currency-based contracts, each based on a different cryptocurrency pair.
- Popular pairs include BTC/USDT, ETH/USDT, and LINK/USDT.
- Traders should consider the volatility and liquidity of each pair before selecting a contract.
Step 3: Funding Your Account
- To trade currency-based contracts on Bybit, traders must first fund their accounts.
- Bybit supports various funding methods, including cryptocurrencies, credit/debit cards, and bank transfers.
- Once funds are deposited, traders can transfer them to their trading account.
Step 4: Opening a Position
- To open a long position, traders need to buy the contract.
- To open a short position, traders need to sell the contract.
- The position size represents the number of contracts traded and determines the potential profit or loss.
Step 5: Managing Risk with Leverage and Stop-loss
- Bybit offers leverage of up to 100x on currency-based contracts, which can amplify both profits and losses.
- It is crucial to use leverage wisely and set appropriate stop-loss orders to manage risk.
- Stop-loss orders automatically close positions when the price reaches a predetermined level, preventing excessive losses.
Step 6: Monitoring and Settling Positions
- Traders can monitor their open positions in the "Positions" section of the Bybit interface.
- Positions can be closed manually or through take-profit or stop-loss orders.
- Upon closing a position, gains or losses are settled in the quoted currency.
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.
- Bitcoin (BTC) Price Action Signals the Potential Start of a Major Recovery Rally
- 2025-04-26 15:15:13
- Codename: Pepe Crypto is Fascinating the Crypto World Now that Market Excitement is Increasing
- 2025-04-26 15:15:13
- A new global initiative Accelerator of Blockchain for Good Alliance has been launched
- 2025-04-26 15:10:13
- Token-Shuffle: Scaling Autoregressive Models to High-Resolution Images
- 2025-04-26 15:10:13
- Could XRP Really Hit $100? Unveiling the Future of This Controversial Cryptocurrency
- 2025-04-26 15:05:13
- XRP Is at a Critical Point Because It Has Remained in a Vital Support Region
- 2025-04-26 15:05:13
Related knowledge
How does Tail Protection reduce the loss of liquidation?
Apr 11,2025 at 01:50am
Introduction to Tail Protection in CryptocurrencyTail Protection is a mechanism designed to mitigate the risks associated with liquidation in cryptocurrency trading. Liquidation occurs when a trader's position is forcibly closed by the exchange due to insufficient margin to cover potential losses. This often happens in leveraged trading, where traders b...
What are the consequences of an imbalance in the long-short ratio?
Apr 13,2025 at 02:50pm
The long-short ratio is a critical metric in the cryptocurrency trading world, reflecting the balance between bullish and bearish sentiments among traders. An imbalance in this ratio can have significant consequences on the market dynamics, affecting everything from price volatility to trading strategies. Understanding these consequences is essential fo...
How to judge the market trend by the position volume?
Apr 11,2025 at 02:29pm
Understanding how to judge the market trend by position volume is crucial for any cryptocurrency trader. Position volume, which refers to the total number of open positions in a particular cryptocurrency, can provide valuable insights into market sentiment and potential price movements. By analyzing this data, traders can make more informed decisions ab...
Why does a perpetual contract have no expiration date?
Apr 09,2025 at 08:43pm
Perpetual contracts, also known as perpetual futures or perpetual swaps, are a type of derivative product that has gained significant popularity in the cryptocurrency market. Unlike traditional futures contracts, which have a fixed expiration date, perpetual contracts do not expire. This unique feature raises the question: why does a perpetual contract ...
Why is the full-position mode riskier than the position-by-position mode?
Apr 13,2025 at 03:42pm
Why is the Full-Position Mode Riskier Than the Position-by-Position Mode? In the world of cryptocurrency trading, the choice between full-position mode and position-by-position mode can significantly impact the risk profile of a trader's portfolio. Understanding the differences between these two modes is crucial for making informed trading decisions. Th...
How is the liquidation price calculated?
Apr 12,2025 at 01:35am
Introduction to Liquidation PriceLiquidation price is a critical concept in the world of cryptocurrency trading, particularly when dealing with leveraged positions. Understanding how this price is calculated is essential for traders to manage their risk effectively. The liquidation price is the point at which a trader's position is forcibly closed by th...
How does Tail Protection reduce the loss of liquidation?
Apr 11,2025 at 01:50am
Introduction to Tail Protection in CryptocurrencyTail Protection is a mechanism designed to mitigate the risks associated with liquidation in cryptocurrency trading. Liquidation occurs when a trader's position is forcibly closed by the exchange due to insufficient margin to cover potential losses. This often happens in leveraged trading, where traders b...
What are the consequences of an imbalance in the long-short ratio?
Apr 13,2025 at 02:50pm
The long-short ratio is a critical metric in the cryptocurrency trading world, reflecting the balance between bullish and bearish sentiments among traders. An imbalance in this ratio can have significant consequences on the market dynamics, affecting everything from price volatility to trading strategies. Understanding these consequences is essential fo...
How to judge the market trend by the position volume?
Apr 11,2025 at 02:29pm
Understanding how to judge the market trend by position volume is crucial for any cryptocurrency trader. Position volume, which refers to the total number of open positions in a particular cryptocurrency, can provide valuable insights into market sentiment and potential price movements. By analyzing this data, traders can make more informed decisions ab...
Why does a perpetual contract have no expiration date?
Apr 09,2025 at 08:43pm
Perpetual contracts, also known as perpetual futures or perpetual swaps, are a type of derivative product that has gained significant popularity in the cryptocurrency market. Unlike traditional futures contracts, which have a fixed expiration date, perpetual contracts do not expire. This unique feature raises the question: why does a perpetual contract ...
Why is the full-position mode riskier than the position-by-position mode?
Apr 13,2025 at 03:42pm
Why is the Full-Position Mode Riskier Than the Position-by-Position Mode? In the world of cryptocurrency trading, the choice between full-position mode and position-by-position mode can significantly impact the risk profile of a trader's portfolio. Understanding the differences between these two modes is crucial for making informed trading decisions. Th...
How is the liquidation price calculated?
Apr 12,2025 at 01:35am
Introduction to Liquidation PriceLiquidation price is a critical concept in the world of cryptocurrency trading, particularly when dealing with leveraged positions. Understanding how this price is calculated is essential for traders to manage their risk effectively. The liquidation price is the point at which a trader's position is forcibly closed by th...
See all articles
