How to operate Bithumb contract mobile phone

To start trading futures contracts on Bithumb's mobile app, users first need to create an account, fund it, and select a contract market from the available options.

Nov 19, 2024 at 04:34 pm

How to Operate Bithumb Contract on Mobile Phone

Step 1: Create a Bithumb Account

Download the Bithumb app on your smartphone.
Launch the app and sign up for an account.
Provide your personal information, set a password, and complete the email verification process.

Step 2: Fund Your Account

Log in to your Bithumb account.
Navigate to the "Wallet" section and select "Deposit."
Choose your preferred deposit method (e.g., bank transfer, credit card, cryptocurrency).
Follow the on-screen instructions to complete your deposit.

Step 3: Access the Contract Section

From the Bithumb app home screen, tap on the "Contracts" icon.
You will be presented with a list of available contract markets.

Step 4: Choose a Contract Market

Select the contract market you want to trade in (e.g., BTC/USDT, ETH/USDT).
Review the contract specifications (e.g., leverage, expiration date, etc.) carefully.

Step 5: Place an Order

Determine the direction of your trade (long or short).
Enter the order size (contract quantity).
Set the limit price or market price for your order.
Tap on the "Buy" or "Sell" button to submit your order.

Step 6: Monitor Your Position

Once your order is filled, it will be reflected in your "Position" tab.
You can monitor your position's progress, including profit/loss, and average entry price.

Step 7: Close Your Position

When you decide to close your position, navigate to the "Position" tab.
Tap on the "Close" button next to your position.
Confirm the closing price and close your position.

Additional Tips:

Familiarize yourself with contract trading basics before placing any trades.
Use stop-loss and take-profit orders to manage your risk.
Monitor the market conditions and economic news that may impact contract prices.
Practice on a demo account or paper trade before risking real money.
Keep your contract holdings within your risk tolerance level.

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