Upbit contract tutorial

Upbit's user-friendly platform guides cryptocurrency beginners through contract trading, equipping them with essential steps, from account setup and funding to order placement and profit management.

Nov 07, 2024 at 11:47 pm

Upbit Contract Tutorial: A Step-by-Step Guide for Beginners

Upbit is one of the leading cryptocurrency exchanges in the world, and it offers a variety of trading options, including spot trading, margin trading, and futures trading. In this tutorial, we will walk you through the steps on how to use the Upbit contract trading platform, even if you have no prior trading experience.

1. Create an Account on Upbit

The first step is to create an account on Upbit. To do this, you will need to provide your email address, create a password, and agree to the terms of service. Once you have created an account, you will need to verify your email address and phone number.

2. Fund Your Account

Once you have created an account, you will need to fund it with cryptocurrency. To do this, you can deposit cryptocurrency from another exchange or wallet, or you can buy cryptocurrency with a credit or debit card.

3. Choose a Trading Pair

The next step is to choose a trading pair. A trading pair is two cryptocurrencies that are traded against each other. For example, the BTC/USDT trading pair is a pair of Bitcoin (BTC) and Tether (USDT).

4. Place an Order

Once you have chosen a trading pair, you can place an order. There are two types of orders that you can place: limit orders and market orders. A limit order is an order to buy or sell a cryptocurrency at a specific price. A market order is an order to buy or sell a cryptocurrency at the current market price.

5. Manage Your Order

Once you have placed an order, you can manage it in the "Orders" tab. Here, you can view the status of your order, cancel your order, or add a stop-loss order.

6. Withdraw Your Profits

Once you have made a profit, you can withdraw it from Upbit. To do this, you will need to provide your withdrawal address.

7. Tips for Trading Contracts on Upbit

Here are a few tips for trading contracts on Upbit:

Start with a small amount of money that you are willing to lose.
Do your research before you trade.
Use a stop-loss order to protect your profits.
Be patient.

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.

Fear & Greed Index

Trade Now

Biggest Gainers

XOR

$0.00

35.69%

Trade Now
SNT

$0.0401

21.96%

Trade Now
NPC

$0.0148

21.28%

Trade Now
TIBBIR

$0.1285

20.21%

Trade Now
KTA

$1.04

18.85%

Trade Now
VADER

$0.0627

16.79%

Trade Now

Latest Crypto News

2025-W Uncirculated American Gold Eagle and Dr. Vera Rubin Quarter Mark New Products
2025-06-13 06:25:13
Ruvi AI (RVU) Leverages Blockchain and Artificial Intelligence to Disrupt Marketing, Entertainment, and Finance
2025-06-13 07:05:12
H100 Group AB Raises 101 Million SEK (Approximately $10.6 Million) to Bolster Bitcoin Reserves
2025-06-13 06:25:13
Galaxy Digital CEO Mike Novogratz Says Bitcoin Will Replace Gold and Go to $1,000,000
2025-06-13 06:45:13
Trust Wallet Token (TWT) Price Drops 5.7% as RWA Integration Plans Ignite Excitement
2025-06-13 06:45:13
Ethereum (ETH) Is in the Second Phase of a Three-Stage Market Cycle
2025-06-13 07:25:13

Related knowledge

Sentiment indicators in contract trading: How to use the long-short ratio to make decisions?

Jun 14,2025 at 07:00am

What Are Sentiment Indicators in Contract Trading?In the realm of cryptocurrency contract trading, sentiment indicators play a crucial role in gauging market psychology. These tools help traders understand whether the market is dominated by bullish or bearish expectations. Among these indicators, the long-short ratio stands out as one of the most tellin...

Seasonal laws of futures contracts: The reference value of historical data for trading

Jun 16,2025 at 02:21am

Understanding Futures Contracts in the Cryptocurrency MarketIn the cryptocurrency market, futures contracts are derivative financial instruments that allow traders to speculate on or hedge against the future price of a digital asset. These contracts obligate the buyer to purchase an asset (or the seller to sell an asset) at a predetermined future date a...

Perpetual contract flash crash response: How to set up automatic risk control?

Jun 13,2025 at 06:28pm

Understanding Perpetual Contract Flash CrashesA flash crash in the context of perpetual contracts refers to a sudden, sharp, and often short-lived drop or spike in price due to high volatility, thin order books, or algorithmic trading activities. These events can lead to massive liquidations across long or short positions on trading platforms. Traders m...

Take-profit strategy in contract trading: Comparison between dynamic take-profit and fixed take-profit

Jun 14,2025 at 07:08am

What Is Take-profit in Contract Trading?In the realm of cryptocurrency contract trading, take-profit refers to a predefined price level at which a trader automatically closes a profitable position. This mechanism is essential for risk management and profit locking. Traders use take-profit orders to ensure they secure gains without being swayed by emotio...

Futures contract trading cold knowledge: What does the change in position volume indicate?

Jun 14,2025 at 09:22pm

Understanding Position Volume in Futures Contract TradingIn the world of futures contract trading, position volume is a key metric that often goes overlooked by novice traders. Unlike simple price or volume indicators, position volume reflects the total number of open contracts at any given time. This metric provides insights into market sentiment and c...

Analysis of perpetual contract reverse contracts: The difference between BTC/USD and USD/BTC

Jun 15,2025 at 03:49am

Understanding Perpetual Contracts in Cryptocurrency TradingIn the realm of cryptocurrency derivatives, perpetual contracts have become a cornerstone for both novice and seasoned traders. Unlike traditional futures contracts that have an expiration date, perpetual contracts can be held indefinitely. This feature allows traders to maintain positions as lo...