Upbit contract trading rules

To trade contracts on Upbit, traders must first deposit funds into their account and select the underlying asset, leverage, amount to trade, order type, and buy or sell option to submit their order to the exchange.

Nov 07, 2024 at 10:32 pm

Upbit Contract Trading Rules

Introduction

Upbit is a leading cryptocurrency exchange that offers a wide range of trading options, including contract trading. Contract trading is a type of derivatives trading that allows traders to speculate on the price of an underlying asset without actually owning it. This can be a risky but potentially rewarding way to trade cryptocurrencies.

Upbit Contract Trading Rules

Before you start trading contracts on Upbit, it is important to understand the following rules:

• 1. Eligible Assets: Upbit offers contract trading on a variety of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. The full list of eligible assets can be found on the Upbit website.
• 2. Leverage: Leverage is a tool that allows traders to multiply their potential profits. However, it also increases the risk of loss. Upbit offers leverage of up to 100x on some contracts.
• 3. Margin: Margin is the amount of資金 that you must deposit into your account in order to trade contracts. The margin requirement for each contract varies depending on the underlying asset and the leverage used.
• 4. Order Types: Upbit offers a variety of order types, including market orders, limit orders, and stop orders. Market orders are executed at the current market price, while limit orders are executed at a specified price or better. Stop orders are used to automatically enter or exit a trade when the price of the underlying asset reaches a certain level.
• 5. Fees: Upbit charges a variety of fees for contract trading, including trading fees, funding fees, and withdrawal fees. The trading fee is a percentage of the trade value, while the funding fee is a small fee that is paid to or received from other traders depending on the position of your trade. The withdrawal fee is a small fee that is charged when you withdraw funds from your account.

• 6. Risk Management: Contract trading is a risky activity, and it is important to manage your risk carefully. Some tips for managing risk include:

  • Using stop orders to limit your losses
  • Trading with a small portion of your资金
  • Understanding the risks involved

How to Trade Contracts on Upbit

To trade contracts on Upbit, you will need to first create an account and deposit funds into your account. Once you have done this, you can follow these steps:

1. Go to the "Contracts" tab on the Upbit website or mobile app.
2. Select the underlying asset that you want to trade.
3. Select the leverage that you want to use.
4. Enter the amount of funds that you want to trade.
5. Select the order type that you want to use.
6. Click the "Buy" or "Sell" button.

Your order will be submitted to the Upbit exchange and will be executed when the market price reaches your specified price or better.

Example

Let's say that you want to buy a Bitcoin contract with 10x leverage. You would first need to deposit at least 0.01 BTC into your Upbit account. Then, you would go to the "Contracts" tab and select Bitcoin. You would then select 10x leverage and enter the amount of BTC that you want to trade (e.g., 0.01 BTC). Finally, you would click the "Buy" button.

If the market price of Bitcoin rises, you will make a profit. However, if the market price of Bitcoin falls, you will lose money. It is important to remember that contract trading is a risky activity, and you should only trade with funds that you can afford to lose.