How to operate Biying Contract

Biying contract operation process includes: opening an account, understanding contract types, depositing and withdrawing coins, selecting trading pairs and directions, setting leverage, placing orders, holding and closing positions, and managing risks. Contract trading involves high risks and requires caution and appropriate risk management measures.

Biying Contract Operation Guide

Biying Contract is a contract trading product launched by Biying Exchange, which allows users to buy and sell cryptocurrencies with leverage. The operation process is as follows:

1. Open a contract account

• Log in to Biying Exchange and click the "Contract" tab;
• Click "Open Contract Account", read and agree to the terms;
• Enter the fund password , complete the activation.

2. Understand the contract types

Biying Contract provides two types of contracts:

• Perpetual Contract: No expiration time, you can hold positions indefinitely;
• Delivery Contract: Fixed The expiration time, when the position needs to be closed or delivered.

3. Deposit and withdrawal

• Deposit: Transfer funds from the currency account to the contract account;
• Withdraw money: Transfer funds from the contract account back to the currency account.

4. Select trading pair and direction

• Select the cryptocurrency trading pair you want to trade;
• Determine the direction you want to hold: long (buy) or short (sell).

5. Set Leverage

Leverage is a key factor in contract trading. It can magnify your returns, but it can also increase your risks. Choose a leverage multiple that suits you. It is recommended that novices start with low leverage.

6. Place an order

• Enter the quantity you want to trade;
• Select your order type: limit order, market order or stop-profit and stop-loss order;
• Click "Buy" or "Sell" ” button to place an order.

7. Positions and Closing

After placing an order, your position will be displayed on the "Positions" page. You can close your position at any time.

8. Manage Risks

Contract trading involves high risks. Be sure to take appropriate risk management measures, such as using stop-loss orders, paying attention to position size and leverage.

By following these steps, you can easily operate the CoinWin contract. Please note that contract trading involves a high level of risk and it is important to understand the risks and manage your capital before you begin trading.

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