-
Bitcoin $94,183.8240
-0.13% - Ethereum
$1,807.9510
-0.01% - Tether USDt
$1.0003
-0.03% - XRP
$2.1769
-1.62% - BNB
$600.3950
-0.46% - Solana
$148.3568
-1.23% - USDC
$1.0002
0.01% - Dogecoin
$0.1820
-0.98% - Cardano
$0.6989
-3.26% - TRON
$0.2499
1.04% - Sui
$3.6079
2.72% - Chainlink
$14.5623
-3.02% - Avalanche
$22.3643
-0.18% - Stellar
$0.2856
-2.29% - UNUS SED LEO
$9.0082
-0.50% - Toncoin
$3.2800
1.29% - Shiba Inu
$0.0...01380
-4.74% - Hedera
$0.1894
-2.19% - Bitcoin Cash
$351.6070
-3.31% - Litecoin
$86.2238
-0.78% - Polkadot
$4.1376
-3.42% - Hyperliquid
$17.5144
-2.85% - Dai
$1.0000
-0.01% - Bitget Token
$4.3960
-1.02% - Ethena USDe
$0.9996
0.00% - Pi
$0.6395
-1.41% - Monero
$229.0080
0.13% - Pepe
$0.0...09025
-3.98% - Uniswap
$5.7202
-3.34% - Aptos
$5.5073
-0.62%
What is the maximum leverage of Bithumb delivery contract
Traders can take advantage of leverage offered by Bithumb's delivery contract, ranging from 20x for XRP to 100x for BTC, to potentially multiply both profits and losses.
Nov 21, 2024 at 02:57 am
What is the Maximum Leverage of Bithumb Delivery Contract?
Introduction
Bithumb is a South Korean cryptocurrency exchange that offers a variety of trading services, including spot trading, futures trading, and options trading. Bithumb's delivery contract is a type of futures contract that allows traders to speculate on the future price of a cryptocurrency. Traders can use leverage to increase their potential profits, but it is important to understand the risks involved before using leverage.
Maximum Leverage
The maximum leverage available for Bithumb delivery contracts varies depending on the underlying cryptocurrency. The following table shows the maximum leverage available for each cryptocurrency:
| Cryptocurrency | Maximum Leverage |
|---|---|
| Bitcoin (BTC) | 100x |
| Ethereum (ETH) | 50x |
| Ripple (XRP) | 20x |
| Litecoin (LTC) | 10x |
| Bitcoin Cash (BCH) | 10x |
Risks of Using Leverage
Leverage can amplify both profits and losses. If the price of the underlying cryptocurrency moves in the trader's favor, they can make a profit that is multiplied by the amount of leverage they are using. However, if the price moves against the trader, they can lose more money than they originally invested.
It is important to understand the risks involved before using leverage. Traders should only use leverage if they are comfortable with the potential for losses.
How to Use Leverage
To use leverage, traders must first open an account with Bithumb. Once they have an account, they can deposit funds into their account and start trading.
To trade a delivery contract, traders must select the underlying cryptocurrency, the contract size, and the leverage they want to use. The contract size is the amount of the underlying cryptocurrency that the trader is buying or selling. The leverage is the amount by which the trader's profits or losses will be multiplied.
Once the trader has selected the contract size and leverage, they can place an order to buy or sell the contract. The order will be executed at the current market price.
Example
Suppose a trader wants to buy a Bitcoin delivery contract with a contract size of 1 BTC and a leverage of 10x. This means that the trader is buying 1 BTC worth of Bitcoin, and their profits or losses will be multiplied by 10.
If the price of Bitcoin rises by 10%, the trader will make a profit of 10%. However, if the price of Bitcoin falls by 10%, the trader will lose 10%.
Conclusion
Leverage can be a powerful tool for traders, but it is important to understand the risks involved before using it. Traders should only use leverage if they are comfortable with the potential for losses.
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 Stabilizes Above $94K and Confirms Breakout to $106K
- 2025-04-27 17:10:12
- Bitcoin (BTC) price action has been quite outstanding going into the weekend
- 2025-04-27 17:10:12
- Bitcoin (BTC) Is Currently Trading at a 40% Discount to Its Intrinsic Value
- 2025-04-27 17:05:13
- Crypto Banking Unleashed: Fed Joins Regulators in Crushing Old Guard Restrictions
- 2025-04-27 17:05:13
- Troller Cat ($TCAT) May Be Your Ticket to the Moon
- 2025-04-27 17:00:12
- As the crypto market evolves, competition among altcoins intensifies
- 2025-04-27 17:00:12
Related knowledge
Does Coinbase contract have an API interface? How to automate transactions with API?
Apr 27,2025 at 05:01pm
Coinbase, one of the leading cryptocurrency exchanges, indeed offers an API interface that allows users to automate transactions and integrate their trading activities with other systems. This API interface is a powerful tool for developers and traders looking to streamline their operations on the platform. In this article, we will explore the specifics...
How to use the copy function of Binance Futures? Can I automatically copy transactions?
Apr 27,2025 at 05:21pm
Introduction to Binance Futures Copy FunctionBinance Futures offers a powerful feature known as the Copy Trading function, which allows users to replicate the trading strategies of experienced traders automatically. This tool can be particularly beneficial for those new to futures trading or those who wish to diversify their trading strategies without d...
How to view the depth chart of Binance Futures? How to analyze market liquidity?
Apr 27,2025 at 04:35pm
Understanding the depth chart of Binance Futures and analyzing market liquidity are essential skills for any cryptocurrency trader looking to make informed decisions. The depth chart, also known as the order book chart, visually represents the supply and demand at different price levels for a specific futures contract. This tool can help traders gauge t...
Does Binance Futures support grid trading? How to set parameters?
Apr 27,2025 at 05:42pm
Does Binance Futures Support Grid Trading? How to Set Parameters?Binance Futures is a popular platform among cryptocurrency traders for its extensive range of trading options, including futures contracts. One of the advanced trading strategies available on Binance Futures is grid trading. Grid trading is a strategy that involves setting up a series of b...
What cryptocurrencies does Binance Futures support? Is there an announcement for the launch of new coins?
Apr 27,2025 at 04:28pm
Binance Futures, operated by one of the world's leading cryptocurrency exchanges, Binance, offers a wide range of cryptocurrencies for traders to engage in futures trading. This platform allows users to speculate on the future price movements of various digital assets, providing an avenue for potentially high returns but also carrying significant risks....
What does liquidation mean? How to avoid the risk of forced liquidation of contracts?
Apr 27,2025 at 04:01pm
Liquidation in the context of cryptocurrency trading, particularly in futures and margin trading, refers to the process where a trader's position is forcibly closed by the exchange due to insufficient funds to maintain the position. This typically happens when the market moves against the trader's position, causing their margin to fall below the mainten...
Does Coinbase contract have an API interface? How to automate transactions with API?
Apr 27,2025 at 05:01pm
Coinbase, one of the leading cryptocurrency exchanges, indeed offers an API interface that allows users to automate transactions and integrate their trading activities with other systems. This API interface is a powerful tool for developers and traders looking to streamline their operations on the platform. In this article, we will explore the specifics...
How to use the copy function of Binance Futures? Can I automatically copy transactions?
Apr 27,2025 at 05:21pm
Introduction to Binance Futures Copy FunctionBinance Futures offers a powerful feature known as the Copy Trading function, which allows users to replicate the trading strategies of experienced traders automatically. This tool can be particularly beneficial for those new to futures trading or those who wish to diversify their trading strategies without d...
How to view the depth chart of Binance Futures? How to analyze market liquidity?
Apr 27,2025 at 04:35pm
Understanding the depth chart of Binance Futures and analyzing market liquidity are essential skills for any cryptocurrency trader looking to make informed decisions. The depth chart, also known as the order book chart, visually represents the supply and demand at different price levels for a specific futures contract. This tool can help traders gauge t...
Does Binance Futures support grid trading? How to set parameters?
Apr 27,2025 at 05:42pm
Does Binance Futures Support Grid Trading? How to Set Parameters?Binance Futures is a popular platform among cryptocurrency traders for its extensive range of trading options, including futures contracts. One of the advanced trading strategies available on Binance Futures is grid trading. Grid trading is a strategy that involves setting up a series of b...
What cryptocurrencies does Binance Futures support? Is there an announcement for the launch of new coins?
Apr 27,2025 at 04:28pm
Binance Futures, operated by one of the world's leading cryptocurrency exchanges, Binance, offers a wide range of cryptocurrencies for traders to engage in futures trading. This platform allows users to speculate on the future price movements of various digital assets, providing an avenue for potentially high returns but also carrying significant risks....
What does liquidation mean? How to avoid the risk of forced liquidation of contracts?
Apr 27,2025 at 04:01pm
Liquidation in the context of cryptocurrency trading, particularly in futures and margin trading, refers to the process where a trader's position is forcibly closed by the exchange due to insufficient funds to maintain the position. This typically happens when the market moves against the trader's position, causing their margin to fall below the mainten...
See all articles
