How to deliver Bitget contract

How to Deliver Bitget Contract

Step 1: Understand the Concept of Bitget Contract

Bitget Contract trading involves two parties agreeing to exchange a specific amount of cryptocurrency at a pre-determined price on a future date. The buyer of the contract expects the price of the cryptocurrency to increase, while the seller anticipates a price decrease.

Step 2: Sign Up for a Bitget Account

Visit the Bitget website and create an account by providing your email address, setting a password, and agreeing to the terms and conditions.

Step 3: Fund Your Account

To start trading, you need to deposit funds into your Bitget account. Supported deposit methods include cryptocurrencies, credit/debit cards, and wire transfer.

Step 4: Understand Contract Specifications

Before trading, familiarize yourself with the contract details, including the underlying asset, contract size, tick value, and funding rate.

Step 5: Choose a Contract Type

Bitget offers multiple contract types, including:

• USDT-Margined Contract: Collateralized by USDT stablecoins, with leverage up to 100x.
• Coin-Margined Contract: Collateralized by the underlying cryptocurrency, with leverage up to 20x.
• Inverse Contract: Contracts that allow traders to bet against the price of an asset, with leverage up to 20x.

Step 6: Place an Order

To place an order, select the desired contract, specify the quantity, and choose between a limit or market order. Setting a limit order allows you to define the price at which your order will be executed.

Step 7: Monitor Your Position

Once an order is executed, monitor its performance in real-time. Track the market price and adjust your trading strategy accordingly.

Step 8: Manage Risk

Use stop-loss and take-profit orders to limit potential losses and secure profits, respectively. Setting these orders helps manage risk and protect your capital.

Step 9: Deliver Your Contract

When the contract maturity date approaches, you have three options:

• Settle in USDT: Close the contract by paying or receiving the difference between the contract price and the market price in USDT.
• Physical Delivery: Take physical delivery of the underlying cryptocurrency at the contract price.
• Roll Over: Extend the contract's expiration date by paying a rollover fee.

Step 10: Withdraw Your Funds

After delivering your contract, withdraw your funds from the Bitget account to your external wallet or exchange.