How to view Bithumb contract rates

How to View Bithumb Contract Rates

Bithumb is a South Korean cryptocurrency exchange that offers a wide range of trading options, including spot trading, margin trading, and contract trading. Contract trading, also known as futures trading, allows traders to speculate on the future price of a cryptocurrency without having to own the underlying asset.

To view Bithumb contract rates, follow these steps:

1. Log in to your Bithumb account.
2. Click on the "Contracts" tab.
3. Select the contract you want to view.

Bithumb offers a variety of contract types, including perpetual contracts, quarterly contracts, and weekly contracts. Perpetual contracts have no expiration date, while quarterly contracts expire every three months and weekly contracts expire every week.

4. Once you have selected the contract you want to view, the contract rate will be displayed in the "Last" column.

The contract rate is the price at which the contract is currently trading. It is important to note that the contract rate can fluctuate rapidly, so it is important to check the rate before you place a trade.

5. You can also view the contract rate chart by clicking on the "Chart" tab.

The contract rate chart shows the historical price of the contract. This chart can be used to identify trends and make trading decisions.

6. To place a trade, click on the "Buy" or "Sell" button.

You will then be prompted to enter the quantity of the contract you want to trade and the price you want to trade at. Once you have entered this information, click on the "Place Order" button.

7. Your order will be placed on the order book and will be executed when the market price reaches the price you specified.

It is important to note that contract trading is a risky activity. You should only trade with money that you can afford to lose.