How to make contracts on BitMart

To trade futures contracts on BitMart, users must create an account, deposit funds, select a contract, configure trade parameters, execute the trade, and monitor its performance.

Dec 01, 2024 at 01:17 pm

How to Make Contracts on BitMart

BitMart is a cryptocurrency exchange that allows users to trade a variety of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. In addition to spot trading, BitMart also offers futures trading, which allows users to speculate on the future price of a cryptocurrency. To make a contract on BitMart, you will need to:

1. Create an account on BitMart. You can create an account on BitMart by visiting the website and clicking on the "Sign Up" button. Once you have created an account, you will need to verify your email address and phone number.
2. Deposit funds into your account. You can deposit funds into your BitMart account by clicking on the "Deposit" button and selecting your preferred deposit method. BitMart accepts a variety of deposit methods, including bank transfer, credit card, and cryptocurrency.
3. Navigate to the futures trading page. Once you have deposited funds into your account, you can navigate to the futures trading page by clicking on the "Futures" tab at the top of the page.
4. Select a contract to trade. BitMart offers a variety of futures contracts, including BTC/USDT, ETH/USDT, and LTC/USDT. Select the contract that you want to trade by clicking on the contract name.
5. Set your trade parameters. Once you have selected a contract, you will need to set your trade parameters. These parameters include the contract size, the leverage, and the stop-loss price. The contract size is the amount of the underlying asset that you are agreeing to buy or sell. The leverage is the amount of money that you are borrowing from BitMart to make your trade. The stop-loss price is the price at which your trade will be automatically closed if the market moves against you.
6. Place your trade. Once you have set your trade parameters, you can place your trade by clicking on the "Buy" or "Sell" button.
7. Monitor your trade. Once you have placed your trade, you will need to monitor your trade to make sure that it is performing as expected. You can monitor your trade by clicking on the "Positions" tab at the top of the page.
8. Close your trade. When you are ready to close your trade, you can click on the "Close" button. You can also set a take-profit price, which will automatically close your trade if the market moves in your favor.