Upbit contract trading methods

For traders aiming for short-term gains, spot trading on Upbit, with its immediate delivery feature and ease of execution, provides a straightforward approach to benefiting from asset price fluctuations.

Nov 10, 2024 at 09:52 pm

Upbit Contract Trading Methods

Upbit is one of the largest cryptocurrency exchanges in the world, and it offers a wide range of trading options, including contract trading. Contract trading is a type of derivative trading that allows traders to speculate on the future price of an asset without having to own the asset itself.

There are a number of different ways to trade contracts on Upbit, and the best method for you will depend on your individual trading style and goals. In this article, we will discuss the different contract trading methods available on Upbit and provide instructions on how to use each method.

1. Spot Trading

Spot trading is the most basic type of contract trading, and it involves buying and selling contracts for immediate delivery. When you trade spot contracts, you are essentially agreeing to buy or sell an asset at the current market price.

How to Spot Trade

1. Navigate to the "Contracts" tab on the Upbit website or mobile app.
2. Select the contract you want to trade.
3. Enter the amount of the contract you want to buy or sell.
4. Click the "Buy" or "Sell" button.

2. Margin Trading

Margin trading is a type of contract trading that allows you to trade with borrowed funds. This can give you the potential to make larger profits, but it also comes with increased risk.

How to Margin Trade

1. Navigate to the "Contracts" tab on the Upbit website or mobile app.
2. Select the contract you want to trade.
3. Enter the amount of the contract you want to buy or sell.
4. Select the margin leverage you want to use.
5. Click the "Buy" or "Sell" button.

3. Futures Trading

Futures trading is a type of contract trading that allows you to speculate on the future price of an asset. Futures contracts are standardized contracts that are traded on a futures exchange.

How to Futures Trade

1. Navigate to the "Contracts" tab on the Upbit website or mobile app.
2. Select the futures contract you want to trade.
3. Enter the amount of the contract you want to buy or sell.
4. Select the delivery date you want to use.
5. Click the "Buy" or "Sell" button.

4. Options Trading

Options trading is a type of contract trading that gives you the right, but not the obligation, to buy or sell an asset at a specified price on or before a specified date.

How to Options Trade

1. Navigate to the "Contracts" tab on the Upbit website or mobile app.
2. Select the options contract you want to trade.
3. Enter the amount of the contract you want to buy or sell.
4. Select the strike