How to Trade Crypto Futures Contracts on BTCC

08/23/2022By: C, Fiona

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Futures are a sort of financial derivative. Agreements to buy or sell an underlying item at a predetermined price on a specified date are the basis of these standardized trading contracts between two parties. Bitcoin itself would serve as the “underlying asset” in a futures contract based on bitcoin.

Unlike buying crypto directly from the spot market, a  futures contract is generally traded on leverage. This means you can buffer up your purchasing power and potential profit by borrowing money up to 150X from the exchange like BTCC.

Cryptocurrency - BTCC

 

BTCC offers daily, weekly futures and perpetual contracts for crypto derivative trading. The weekly  futures contracts can be held up to a maximum of one week starting from Sunday 09:00 – Sunday 05:00 (UTC+8). However, the perpetual contracts has no expiry period, and you can maintain your position as long as you meet the margin requirements.

In this guide, we’re taking a closer look at how to trade BTCC leverage futures contracts instantly by following these steps. The current web tutorial is available for mobile, tablet and computer use.

 


How to Trade Crypto Futures Contracts

 

How to Register for BTCC: Website Registration

Click to enter the registration page and get 10 USDT for free.

 

The latest registration activity: within 7 days after registration, there is a chance to unlock 3,500 USDT bonus.

Details: https://www.btcc.com/en-us/promotions/bonus?utm_source=GW_SEO

 

 

Get the verification code after filling in the email, fill in the verification code, click Register now, and the account can be registered successfully. After making a deposit, the account will be ready for normal trading.

Security Settings: Enable cell phone number verification and KYC verification. This will increase your security level. Once you have completed the corresponding operations, you will have access to more BTCC product trading features.

 


2.How to Buy and Deposit Crypto on BTCC

2.1 Choose Fiat Currency to Deposit

Click to operate :https://www.btcc.com/en-US/user-center/assets/deposit/usdt

Deposit in fiat currency is to use credit card or other fiat currency channel to buy and deposit money. As the global fiat currency channel varies, the actual situation needs to be based on the current fiat currency channel used by BTCC to carry out relevant operations.

 

 

Select the purchase quantity and payment currency, then click Pay Now on the corresponding payment method to proceed to payment.

After successful purchase, the payment will be credited to your BTCC account within 2~30 minutes. Blockchain network conditions or service provider status may affect the crediting time.

If you encounter any problems when making a deposit, please contact our customer service via the bottom right corner of this page.

 

2.2 Select Crypto Deposit

Click to Operate :https://www.btcc.com/en-us/user-center/assets/deposit/crypto

Crypto Deposit is to transfer crypto to your BTCC account using your user wallet. You can choose other platform’s crypto withdrawal function to transfer funds to BTCC user wallet.

BTCC currently supports USDT, BTC, ETH, XRP, ADA, USDC, LTC currencies for top-up

When you enter the crypto charging interface, select the crypto and blockchain network, the account will display the corresponding address and operation tips.
Use your own crypto wallet to charge the crypto to the address of the currency.

Withdrawal is a reverse operation.

After recharging, you will need to confirm the network node, and the arrival speed will change according to the current network congestion,

Please wait patiently. After payment, you can query in the charging record.

 

2.3 Convert

Crypto exchange is performed according to the required currency, and the price changes according to the real-time price. The button can switch the stablecoin / token exchange mode.

 

You can view specific convert records on the Convert Record.

 


3.Enter the Exchange for BTCC Futures Trading

 

BTCC offers four types of virtual currency derivatives trading: daily, weekly, quarterly, and perpetual contract, covering 30+ major currencies, with leverage of up to 150x depending on the currency and contract type.

The transaction fee can be referred to the link: https://www.btcc.com/en-us/fees?utm_source=GW_SEO

Because the perpetual contract has no closing period, it needs to charge a certain amount of overnight interest, and its transaction cost is higher than that of the day, weekly, quarterly, and perpetual contract.

*Note: the computer can allow you to start the demo trading, so that you can quickly master the basic trading methods. The demo trading provides 100,000 USDT. The switching mode is in the upper right corner of the page.

 

Select target contracts to buy (go long) and sell (go short).

 

Buy at market price, select the appropriate leverage and fill in the required lot size. At the same time, you can set the  take profit and stop loss price.

 

After the marker order placed successfully, you can view the contract details in the Assets section.

 

Close the position at a reasonable price.

 

 


For Daily, Weekly, Quarterly Contract with Automatic Settlement Time:

Daily Contract Daily 05:00~06:00(UTC+8)
Weekly Contract Every Sunday 05:00~07:00(UTC+8)
Quarterly Contract April 1st  05:00~07:00(UTC+8)
July 1st e 05:00~07:00(UTC+8)
October 1st 05:00~07:00(UTC+8)
January 1st 05:00~07:00(UTC+8)

Note: No trading during settlement time

There is no settlement time for perpetual contracts.
But at 05:00 (UTC+8) daily.
A fixed interest rate is charged.


 

BTCC contract orders are divided into market orders, limit orders and stop-loss orders.

Market Order: Users place orders at the best price in the current market to achieve fast trading.

Limit Order: Limit Order is used to plunge to the top/bottom of the market, which is a user-defined bid/ask price. Once the market reaches the limit price, it can be filled.

Stop Loss Order: Stop Loss Order can be interpreted as a “Breakout Order”, which is an advanced limit order where the user can set a custom bid/ask price. After the market reaches the limit price, it will be closed.

The leverage multiplier can be adjusted by yourself, for example, the minimum leverage of BTC contract of the week is 10x, and the high leverage multiplier is 100x.

Trading units can be selected according to the user’s investment situation, the range can be 0.01-30 lots to choose from, with real-time changes in the contract value and reference margin below.

 


 

Related Posts:

What is Leverage in Cryptocurrency? How Can I Trade at 100X Leverage?

How do contracts trade on BTCC? BTCC Account Guide.

Best Crypto Exchange to Trade with Leverage

Best High Leverage Crypto Trading Exchange Platform

BTCC Academy can help you quickly learn about the blockchain industry and virtual currencies. You can start learning here.


 

Why trade crypto futures on BTCC?

  • Largest variety of futures: Daily, weekly, quarterly&perpetual
  • Flexible leverage from 10x to 150x
  • Lowest trading fees 0.03%
  • Industry-leading market liquidity
  • Plenty of campaigns to win exciting rewards