Bitcoin futures okex buying and selling tutorial

Bitcoin Futures OKEx Trading Tutorial

Introduction

Bitcoin futures are a type of financial derivative that allow traders to trade Bitcoin on a specific date in the future Speculate on prices. OKEx is one of the world's leading cryptocurrency exchanges, offering Bitcoin futures trading services. This tutorial will guide you on how to trade Bitcoin futures on OKEx.

Step 1: Create an OKEx account

• Visit the OKEx website https://www.okex.com/
• Click the "Register" button and fill in the relevant information
• Verify your email address and mobile number

Step 2: Top up funds

• Log in to your OKEx account
• Go to "Assets" > "Deposits"
• Select the cryptocurrency or fiat currency you want to deposit
• Follow the instructions provided to make a deposit

Step 3: Find Bitcoin Futures Contract

• Go to "Derivatives" > "Perpetual Contract"
• Enter "BTC-USD" or "BTC3L" in the search bar

Step 4: Place an order

• Select contract type (e.g. Perpetual or Quarterly)
• Enter the amount you want to trade (in BTC)
• Select the order type (e.g., limit or market order)
• Enter your price (for a limit order)
• Click the "Buy" or "Sell" button

Step 5: Manage Order

• After placing the order, you can check the status of your order through the "Order" tab
• You can modify it here Order, cancel order or stop loss

Step 6: Settlement

• Bitcoin futures contracts are settled in Mark Price
• At settlement, profitable positions will receive proceeds, and losing positions will have corresponding funds deducted

Tips

• Before trading Bitcoin futures, please understand the related risks
• Always use take-profit and stop-loss orders to manage risk
• Understand leverage in the futures market and use prudent leverage ratios
• Monitor your positions regularly and make adjustments based on market conditions

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