How to operate Bitget contract

To open a futures contract on Bitget, select the cryptocurrency pair, enter the contract size and leverage, and click "Open Long" or "Open Short" to initiate the trade.

Nov 12, 2024 at 12:50 am

How to Operate Bitget Contract

Introduction

Bitget is a leading cryptocurrency exchange that offers a wide range of trading products, including spot, futures, and options contracts. Bitget contracts are perpetual contracts that allow traders to speculate on the future price of a cryptocurrency without having to take physical delivery of the underlying asset.

Step 1: Create a Bitget Account

1. Go to the Bitget website (https://www.bitget.com/) and click on the "Sign Up" button.
2. Enter your email address and create a password.
3. Verify your email address by clicking on the link in the confirmation email that will be sent to you.
4. Once your email address is verified, you can login to your Bitget account.

Step 2: Fund Your Account

1. Click on the "Deposit" button in the top right corner of the screen.
2. Select the cryptocurrency that you want to deposit and follow the instructions on the screen.
3. Once your deposit has been processed, you can start trading futures contracts.

Step 3: Open a Futures Contract

1. Click on the "Contracts" tab in the top menu bar.
2. Select the cryptocurrency pair that you want to trade.
3. Enter the contract size and leverage that you want to use.
4. Click on the "Open Long" or "Open Short" button to open a futures contract.

Step 4: Manage Your Futures Contract

1. Once you have opened a futures contract, you can manage it from the "Positions" tab in the top menu bar.
2. From here, you can view the current status of your contract, including the profit/loss, margin, and leverage.
3. You can also close your contract by clicking on the "Close" button.

Step 5: Withdraw Your Funds

1. Once you have closed your futures contract, you can withdraw your funds by clicking on the "Withdraw" button in the top right corner of the screen.
2. Select the cryptocurrency that you want to withdraw and follow the instructions on the screen.
3. Once your withdrawal has been processed, you will receive the funds in your external wallet.

Additional Tips

• Before you start trading futures contracts, it is important to familiarize yourself with the risks involved.
• Futures contracts are a leveraged product, which means that you can lose more money than you deposit.
• It is important to use stop-loss orders to protect your profits and limit your losses.
• You should also consider using trailing stop-loss orders to lock in your profits as the price of the cryptocurrency moves in your favor.