Does ProBit Global have contract trading?

ProBit Global's contract trading platform caters to traders seeking high-leverage options, low fees, and the ability to speculate on cryptocurrency price movements without holding the underlying assets.

Nov 30, 2024 at 11:02 pm

Contract Trading on ProBit Global

ProBit Global, a Seychelles-based cryptocurrency exchange, offers a comprehensive suite of trading services, including contract trading. Contract trading, also known as futures trading, allows traders to speculate on the future price movements of cryptocurrencies without owning the underlying assets.

Key Features of ProBit Global's Contract Trading Platform:

• Wide range of trading pairs: ProBit Global offers a diverse selection of cryptocurrency pairs for contract trading, including BTC, ETH, LTC, BCH, and EOS.
• Advanced order types: Traders can utilize various order types on the platform, such as limit orders, market orders, stop-loss orders, and take-profit orders, to execute their trades efficiently.
• High leverage: ProBit Global provides flexible leverage options, allowing traders to amplify their potential profits but also increasing their risk exposure.
• Low trading fees: The exchange charges competitive trading fees, making it an attractive option for both retail and institutional traders.

How to Begin Contract Trading on ProBit Global:

To start contract trading on ProBit Global, follow these steps:

1. Create an account on ProBit Global: Visit the official website of ProBit Global (www.probit.com) and click on "Sign Up" to create an account. Complete the registration process by providing your email address, creating a password, and passing the KYC verification.
2. Fund your account: Transfer funds to your ProBit Global account to have sufficient capital for contract trading. You can deposit funds in various cryptocurrencies or fiat currencies using supported payment methods such as bank transfers, credit cards, and digital wallets.
3. Access the contract trading platform: Once your account is funded, navigate to the "Derivatives" section on the ProBit Global website. Here, you will find the contract trading platform with a list of available trading pairs.
4. Choose a trading pair and order type: Select the cryptocurrency pair you wish to trade and determine the order type that aligns with your trading strategy. Enter the desired contract quantity and price, then click "Buy" or "Sell" to execute the trade.
5. Monitor your positions: After initiating a trade, you can monitor your open positions, adjust leverage, and close your trades at any time on the contract trading platform. It is crucial to manage your risk by setting stop-loss and take-profit orders to limit potential losses and secure profits.

Benefits of Contract Trading on ProBit Global:

• Potential for high returns: Contract trading offers the possibility of earning substantial profits by speculating on the price movements of cryptocurrencies, even without owning the underlying assets.
• Hedging against price volatility: Traders can use contract trading to hedge against the price volatility of cryptocurrencies, reducing the risk of losses in their spot trading positions.
• Flexibility and efficiency: Contract trading provides greater flexibility compared to spot trading, allowing traders to adjust their positions and leverage levels based on market conditions.
• Access to unique trading instruments: ProBit Global offers a range of unique trading instruments, such as perpetual contracts and quarterly contracts, which cater to different trading preferences and strategies.