How to Trade Crypto Contracts on Your Mobile App? (Full Tutorial)

Setting Up Your Mobile Trading Environment

1. Download the official mobile application from the exchange’s verified website or trusted app store listing—avoid third-party APKs or sideloaded versions.

2. Complete KYC verification using government-issued ID and a live selfie to unlock full contract trading permissions.

3. Enable two-factor authentication with an authenticator app—not SMS—to secure your account against unauthorized access.

4. Deposit sufficient USDT or BTC into your futures wallet, ensuring funds are allocated to the correct sub-wallet designated for derivatives.

5. Adjust default leverage settings manually before opening any position; preset defaults may not align with your risk tolerance.

Navigating the Contract Interface

1. Tap the “Derivatives” or “Futures” tab to enter the contract trading section—spot and margin interfaces are separate and must not be confused.

2. Select the specific perpetual or quarterly contract pair such as BTC/USDT or ETH/USDT from the listed instruments.

3. Observe real-time funding rate indicators displayed next to each contract symbol—positive rates mean longs pay shorts, negative rates indicate the reverse.

4. Toggle between chart views: candlestick, depth chart, and order book to assess liquidity and price action before execution.

5. Use the quick-order panel to set entry price, position size in USD or coins, and trigger conditions like stop-market or take-profit levels.

Placing and Managing Open Positions

1. Choose between isolated and cross-margin mode—cross-margin shares equity across all open contracts while isolated assigns fixed margin per position.

2. Input precise entry parameters: direction (long/short), size, leverage multiplier, and order type (market, limit, stop-limit).

3. Confirm order details including estimated liquidation price, maintenance margin requirement, and potential PnL at current mark price.

4. Monitor active positions via the “Positions” tab where unrealized PnL, entry price, and margin ratio update in real time.

5. Manually adjust stop-loss or trailing stop settings without closing the trade—some apps allow drag-to-modify on the chart directly.

Risk Controls and Liquidation Mechanics

1. Understand that liquidation occurs when your margin balance falls below the maintenance threshold, triggering automatic position closure at the bankruptcy price.

2. View your personal liquidation price dynamically calculated and updated beside each open contract—it shifts with market movement and funding accrual.

3. Avoid over-leveraging during high-volatility events such as major protocol upgrades or macroeconomic data releases—even 5x leverage can cause rapid margin depletion.

4. Check the exchange’s insurance fund balance before entering large positions—low coverage increases the risk of auto-deleveraging during extreme moves.

5. Disable “auto-add margin” if enabled by default—this feature may unintentionally allocate funds from your spot wallet during drawdowns.

Common Questions and Direct Answers

Q: Can I hold a perpetual contract indefinitely?Yes, perpetual contracts have no expiry date but require periodic funding payments every eight hours based on the difference between mark and index price.

Q: Why does my position show negative unrealized PnL even when price hasn’t moved much?Funding fees deducted from your wallet balance reduce equity immediately upon settlement—this is reflected in unrealized PnL calculations before actual price movement occurs.

Q: Is it possible to close only part of an open position on mobile?Yes, most reputable apps support partial closure—enter the desired size in the close-position modal and confirm; remaining exposure stays active with adjusted margin metrics.

Q: What happens if my mobile app loses internet connection mid-trade?Orders already submitted to the exchange server execute regardless of local connectivity—however, pending limit orders or unconfirmed triggers will not reach the matching engine until reconnection.