-
Bitcoin $95,146.7482
1.48% - Ethereum
$1,824.0794
3.65% - Tether USDt
$1.0002
-0.01% - XRP
$2.2957
0.88% - BNB
$602.9410
0.44% - Solana
$149.0480
1.96% - USDC
$1.0000
0.00% - Dogecoin
$0.1792
2.26% - Cardano
$0.7113
3.11% - TRON
$0.2458
0.08% - Sui
$3.5994
1.42% - Chainlink
$14.9269
2.84% - Avalanche
$22.0879
3.03% - Stellar
$0.2814
-0.33% - UNUS SED LEO
$9.0085
0.32% - Toncoin
$3.2558
1.83% - Shiba Inu
$0.0...01369
2.45% - Hedera
$0.1890
0.33% - Bitcoin Cash
$376.3387
8.59% - Polkadot
$4.2611
3.52% - Litecoin
$85.9856
2.09% - Hyperliquid
$18.8500
8.09% - Dai
$1.0001
0.00% - Bitget Token
$4.3984
-0.12% - Monero
$265.8251
2.18% - Ethena USDe
$0.9996
0.01% - Pi
$0.5880
-3.85% - Pepe
$0.0...09093
5.46% - Aptos
$5.5977
2.84% - Uniswap
$5.3884
-0.03%
How to play Bithumb delivery contracts
Before trading Bithumb delivery contracts, it's crucial to open an account, fund it with cryptocurrencies, select the cryptocurrency to trade, set order parameters, and monitor your order actively.
Nov 12, 2024 at 07:08 am
How to Play Bithumb Delivery Contracts
Introduction:
Bithumb is a South Korean cryptocurrency exchange that offers a wide range of trading services, including delivery contracts. Delivery contracts are a type of futures contract that allows traders to buy or sell a cryptocurrency at a predetermined price on a future date. This can be a useful tool for hedging against price fluctuations or speculating on the future price of a cryptocurrency.
Step 1: Open an Account on Bithumb
To start trading delivery contracts on Bithumb, you first need to open an account. You can do this by visiting the Bithumb website and clicking on the "Sign Up" button. You will need to provide your email address, create a password, and agree to the terms of service.
Step 2: Fund Your Account
Once you have opened an account, you need to fund it with cryptocurrencies. You can do this by depositing cryptocurrencies from another wallet or by purchasing them directly from Bithumb.
Step 3: Place an Order
To place an order for a delivery contract, you need to first select the cryptocurrency that you want to trade. You can then choose whether you want to buy (long) or sell (short) the cryptocurrency. Next, you need to specify the quantity of the contract that you want to trade and the price that you are willing to pay or receive.
Step 4: Monitor Your Order
Once you have placed an order, you can monitor its status on the Bithumb website. You can see the current price of the cryptocurrency, the amount of profit or loss that you are making, and the time until the contract expires.
Step 5: Close Your Position
When you are ready to close your position, you can do so by placing an opposite order. For example, if you bought a long contract, you would need to place a sell order to close the position.
Additional Tips:
- Before you start trading delivery contracts, it is important to understand the risks involved. Delivery contracts can be a volatile market, and you could lose money if the price of the cryptocurrency moves against you.
- It is also important to use stop-loss orders to protect your profits. A stop-loss order is an order that automatically sells your contract if the price of the cryptocurrency falls below a certain level.
- You should also consider using a margin account when trading delivery contracts. A margin account allows you to borrow money from the exchange to trade, which can increase your potential profits but also your risk of loss.
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.
- Analyst Spots Game-Changing Partnerships for JasmyCoin: Predicts Big Upside
- 2025-04-30 00:40:12
- The AI crypto sector is heating up, with Virtuals Protocol (VIRTUAL) emerging as the latest asset
- 2025-04-30 00:40:12
- Top 10 Bitcoin Mining Apps for Android & iOS Devices in 2025
- 2025-04-30 00:35:13
- The Growing AI Trust Deficit and How ZK-SNARKs Can Solve It
- 2025-04-30 00:35:13
- Onyxcoin (XCN) Price Prediction: Where Could the XCN Price Go in May?
- 2025-04-30 00:30:12
- Base, the Popular Layer-2 Network from Cryptocurrency Exchange Coinbase (COIN), Is Now a “Stage 1” Rollup
- 2025-04-30 00:30:12
Related knowledge
Which is better, SHIB contract trading or spot trading? What is the risk difference?
Apr 29,2025 at 11:21am
Trading in the cryptocurrency market offers various methods, each with its own set of advantages and risks. Two popular methods among traders are SHIB contract trading and spot trading. In this article, we will delve into the specifics of each method, compare their benefits, and discuss the risk differences to help you make an informed decision on which...
How to trade LINK contracts? Things to note when trading with leverage
Apr 28,2025 at 08:01pm
Trading LINK contracts, particularly with leverage, can be an exciting yet risky endeavor. LINK, or Chainlink, is a decentralized oracle network that provides real-world data to smart contracts on the blockchain. Trading LINK contracts involves speculating on the price movements of LINK without owning the actual cryptocurrency. When you trade with lever...
Which is better for beginners, Dogecoin futures or spot trading? Is leverage trading risky?
Apr 29,2025 at 04:49am
When deciding whether Dogecoin futures or spot trading is better for beginners, it's important to understand the fundamental differences between these two trading methods and their respective risks. Dogecoin spot trading involves buying and selling the actual cryptocurrency at the current market price. This method is straightforward and allows beginners...
Which is more suitable for novices, quarterly contracts or perpetual contracts? Does the delivery date have a big impact?
Apr 29,2025 at 09:49am
Introduction to Quarterly and Perpetual ContractsWhen entering the world of cryptocurrency trading, one of the first decisions a novice trader faces is choosing between quarterly contracts and perpetual contracts. Both types of contracts offer unique features and benefits, but understanding their differences is crucial for making an informed decision. T...
When will the leverage multiple adjustment take effect? Will the leverage change affect the existing position?
Apr 28,2025 at 02:36am
Understanding Leverage Multiple Adjustments in Cryptocurrency TradingIn the realm of cryptocurrency trading, leverage is a powerful tool that allows traders to amplify their trading positions beyond their initial capital. However, adjustments to leverage multiples are a critical aspect that traders must understand thoroughly. This article delves into wh...
Why is the profit and loss of the contract not in line with expectations? Does the calculation of unrealized profit and loss include handling fees?
Apr 27,2025 at 09:14pm
In the world of cryptocurrency trading, especially when dealing with futures and options contracts, traders often find themselves puzzled by discrepancies between their expected and actual profit and loss (P&L). This article delves into the reasons behind such discrepancies and explores whether the calculation of unrealized profit and loss includes hand...
Which is better, SHIB contract trading or spot trading? What is the risk difference?
Apr 29,2025 at 11:21am
Trading in the cryptocurrency market offers various methods, each with its own set of advantages and risks. Two popular methods among traders are SHIB contract trading and spot trading. In this article, we will delve into the specifics of each method, compare their benefits, and discuss the risk differences to help you make an informed decision on which...
How to trade LINK contracts? Things to note when trading with leverage
Apr 28,2025 at 08:01pm
Trading LINK contracts, particularly with leverage, can be an exciting yet risky endeavor. LINK, or Chainlink, is a decentralized oracle network that provides real-world data to smart contracts on the blockchain. Trading LINK contracts involves speculating on the price movements of LINK without owning the actual cryptocurrency. When you trade with lever...
Which is better for beginners, Dogecoin futures or spot trading? Is leverage trading risky?
Apr 29,2025 at 04:49am
When deciding whether Dogecoin futures or spot trading is better for beginners, it's important to understand the fundamental differences between these two trading methods and their respective risks. Dogecoin spot trading involves buying and selling the actual cryptocurrency at the current market price. This method is straightforward and allows beginners...
Which is more suitable for novices, quarterly contracts or perpetual contracts? Does the delivery date have a big impact?
Apr 29,2025 at 09:49am
Introduction to Quarterly and Perpetual ContractsWhen entering the world of cryptocurrency trading, one of the first decisions a novice trader faces is choosing between quarterly contracts and perpetual contracts. Both types of contracts offer unique features and benefits, but understanding their differences is crucial for making an informed decision. T...
When will the leverage multiple adjustment take effect? Will the leverage change affect the existing position?
Apr 28,2025 at 02:36am
Understanding Leverage Multiple Adjustments in Cryptocurrency TradingIn the realm of cryptocurrency trading, leverage is a powerful tool that allows traders to amplify their trading positions beyond their initial capital. However, adjustments to leverage multiples are a critical aspect that traders must understand thoroughly. This article delves into wh...
Why is the profit and loss of the contract not in line with expectations? Does the calculation of unrealized profit and loss include handling fees?
Apr 27,2025 at 09:14pm
In the world of cryptocurrency trading, especially when dealing with futures and options contracts, traders often find themselves puzzled by discrepancies between their expected and actual profit and loss (P&L). This article delves into the reasons behind such discrepancies and explores whether the calculation of unrealized profit and loss includes hand...
See all articles
