-
bitcoin $87959.907984 USD
1.34% -
ethereum $2920.497338 USD
3.04% -
tether $0.999775 USD
0.00% -
xrp $2.237324 USD
8.12% -
bnb $860.243768 USD
0.90% -
solana $138.089498 USD
5.43% -
usd-coin $0.999807 USD
0.01% -
tron $0.272801 USD
-1.53% -
dogecoin $0.150904 USD
2.96% -
cardano $0.421635 USD
1.97% -
hyperliquid $32.152445 USD
2.23% -
bitcoin-cash $533.301069 USD
-1.94% -
chainlink $12.953417 USD
2.68% -
unus-sed-leo $9.535951 USD
0.73% -
zcash $521.483386 USD
-2.87%
How to open contract trading on Upbit
To open contract trading on Upbit, complete Level 2 identity verification and 2FA setup, then fund your account, understand contract basics, select a market, specify contract details, place an order, monitor your position, and close it with an opposing order.
Nov 21, 2024 at 09:06 am
To access contract trading on Upbit, you must complete Level 2 verification, which involves verifying your identity with a government-issued ID. This process typically takes a few minutes to complete.
Step 2: Enable Two-Factor Authentication (2FA)For added security, Upbit requires all contract traders to enable 2FA, either via SMS or Google Authenticator. Follow the instructions provided on the platform to set up 2FA.
Step 3: Understand Contract Trading BasicsBefore engaging in contract trading, it's essential to grasp its fundamental concepts. Learn about contract types (e.g., futures, options), leverage, and risk management.
Step 4: Fund Your AccountTo start trading contracts, you must fund your Upbit account with supported cryptocurrencies. The available funding methods vary by region.
Step 5: Access the Contract Trading InterfaceNavigate to the "Contracts" section within the Upbit trading platform. This interface provides access to the available contract markets and trading tools.
Step 6: Select a Contract MarketChoose the contract market you want to trade by selecting the underlying asset (e.g., Bitcoin, Ethereum). Each market offers different contract specifications, such as expiry dates and tick sizes.
Step 7: Specify Contract DetailsEnter the contract size (leverage) and desired order type. Contracts are typically traded using leverage, which amplifies both profits and losses. Choose a leverage level appropriate for your risk tolerance.
Step 8: Open a Contract PositionDepending on your order type, either "buy/long" or "sell/short" the contract. Buying a contract (going long) bets on rising prices, while selling a contract (going short) bets on falling prices.
Step 9: Monitoring and Managing PositionsOnce your contract position is open, monitor its status within the "Positions" tab. You can track the current profit/loss, margin usage, and adjust leverage if necessary.
Step 10: Close a Contract PositionTo exit a contract position, close it with an opposite order. For example, if you bought a contract (went long), close it by selling the same contract (going short).
Additional Tips for Contract Trading on Upbit:- Use a demo account to practice contract trading before committing real funds.
- Set stop-loss and take-profit orders to manage risk and secure profits.
- Research and analyze the underlying asset's price action before making trades.
- Exercise caution with high leverage, as it can magnify both profits and losses.
- Seek professional advice if you are new to contract trading, as it carries substantial risks.
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, 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...
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...
See all articles














