Upbit perpetual contract tutorial

Perpetual contracts on Upbit provide traders with perpetual exposure to an underlying asset, eliminating fixed expiration dates and offering competitive fees and global accessibility.

Nov 13, 2024 at 08:29 am

Upbit Perpetual Contract Tutorial: A Comprehensive Guide

Perpetual contracts, also known as perpetual futures, are a type of derivative contract that allows traders to speculate on the future price of an underlying asset without having to take physical delivery of the asset. Perpetual contracts are similar to traditional futures contracts, but they do not have a fixed expiration date. This means that traders can hold perpetual contracts indefinitely, allowing them to profit from both rising and falling prices.

Upbit is one of the leading cryptocurrency exchanges in the world, and it offers a wide range of perpetual contracts for traders to choose from. In this tutorial, we will provide a step-by-step guide on how to trade perpetual contracts on Upbit.

Benefits of Perpetual Perpetual Contracts

• Perpetual contracts offer a number of benefits over traditional futures contracts.

  • They are ceaseless: Perpetual contracts do not have a fixed maturity date, so traders can hold onto them for as long as they like.
• Low Fees: Upbit charges very competitive fees on perpetual contracts, making them an affordable way to trade cryptocurrencies.
• Global Accessibility: Upbit is a global exchange, so traders from all over the world can trade perpetual contracts on the platform.

Getting Started with Perpetual Perpetual Contracts on Upbit

To get started with perpetual contracts on Upbit, you will need to create an account and deposit funds into your account. Once you have done this, you can follow the steps below to start trading perpetual contracts:

1. Select a trading pair: The first step is to select a trading pair. Upbit offers a wide range of trading pairs, including BTC/USDT, ETH/USDT, and XRP/USDT.
2. Set the contract Size and Leverage: The contract size refers to the number of underlying assets that you are trading. The leverage is the amount of money that you are borrowing from the exchange to trade. You can set the contract size and leverage by using the sliders on the trading screen.
3. Place an order: Once you have set the contract size and leverage, you can place an order. You can choose to buy or sell a perpetual contract, and you can specify the price at which you want to execute the order.
4. Monitor your position: Once you have placed an order, you should monitor your position closely. You can view your open positions on the trading screen, and you can adjust your position size or leverage at any time.
5. Close your position: When you are ready to close your position, you can do so by placing an opposite order. For example, if you have bought a perpetual contract, you can close your position by selling a perpetual contract of the same size.

Additional Resources

In addition to the steps outlined above, there are a number of additional resources that you can use to learn more about perpetual contracts on Upbit.

• Upbit Support: The Upbit support team is available 24/7 to answer any questions that you have about perpetual contracts.
• Upbit Academy: The Upbit Academy provides a number of educational resources on perpetual contracts, including tutorials, articles, and videos.
• Upbit Blog: The Upbit blog is a great source of information on the latest news and developments related to perpetual contracts.