Deepcoin contract operation process

Deepcoin's contract trading services empower traders to speculate on the price of cryptocurrencies like Bitcoin without having to own the underlying asset.

Dec 02, 2024 at 03:32 pm

Deepcoin Contract Operation Process

Deepcoin is a leading cryptocurrency exchange that offers a variety of contract trading services. Contract trading is a form of derivatives trading that allows traders to speculate on the future price of an underlying asset without having to take ownership of the asset itself.

To trade contracts on Deepcoin, you will need to first create an account and deposit funds into your account. Once you have funded your account, you can start trading contracts by following these steps:

1. Choose the contract you want to trade: Deepcoin offers a variety of contract trading pairs, including BTC/USDT, ETH/USDT, and BCH/USDT. To choose the contract you want to trade, click on the "Contracts" tab at the top of the Deepcoin website. You will then see a list of all of the available contract trading pairs.
2. Select the contract size: The contract size is the amount of the underlying asset that you are trading. The contract size is typically expressed in bitcoins (BTC) or Ethereum (ETH). To select the contract size, click on the "Size" drop-down menu and select the desired contract size.
3. Choose the contract type: There are two types of contracts available on Deepcoin: perpetual contracts and futures contracts. Perpetual contracts are contracts that do not have an expiration date. Futures contracts are contracts that have an expiration date. To choose the contract type, click on the "Type" drop-down menu and select the desired contract type.
4. Set the leverage: The leverage is the amount of borrowed funds that you are using to trade. The leverage is typically expressed as a ratio. For example, a leverage of 10x means that you are using 10 times your own funds to trade. To set the leverage, click on the "Leverage" drop-down menu and select the desired leverage.
5. Place your order: To place your order, click on the "Buy" or "Sell" button. You will then be prompted to enter the order quantity and the order price. The order quantity is the number of contracts that you want to buy or sell. The order price is the price at which you want to buy or sell the contracts.
6. Monitor your order: Once you have placed your order, you can monitor the status of your order by clicking on the "Orders" tab at the top of the Deepcoin website. You will then see a list of all of your open orders.
7. Close your order: When you are ready to close your order, click on the "Close" button next to the order. You will then be prompted to enter the closing price. The closing price is the price at which you want to close the order.
8. Withdraw your funds: Once you have closed your order, you can withdraw your funds by clicking on the "Withdraw" tab at the top of the Deepcoin website. You will then be prompted to enter