How to Trade Bitcoin Cash (BCH) Futures on BTCC

Bitcoin Cash is both a digital currency and a means of electronic payment. It originated in August of 2017 as a result of a hard fork in the bitcoin network. Bitcoin Cash’s primary technological distinction from Bitcoin is that its blockchain supports block sizes up to four times greater than Bitcoin’s. With a bigger block size, more transactions may be processed in one block, allowing the blockchain to process more transactions per second.

Proponents of bitcoin cash and bitcoin have different underlying assumptions. The Bitcoin Cash team wants to make their currency the de facto standard for buying things online. Bitcoin proponents, on the other hand, see the cryptocurrency primarily as a digital gold that can be used as a hedge against inflation.

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What are Bitcoin Cash (BCH) Futures

The term “Bitcoin Cash Futures” refers to an agreement between two parties to acquire or sell Bitcoin Cash at a specified future date and price. Bitcoin Cash serves as the underlying asset for this futures contract. In this way, the value of a Bitcoin Cash futures contract follows the value of Bitcoin Cash quite closely.

Thus, futures trading provides an alternative to buying and selling the underlying cryptocurrency (aka spot trading). Buying Bitcoin Cash at a low price and selling it at a high price might be profitable in spot trading. However, you can only make money with this transaction if the Bitcoin Cash price is rising. But in a down market, spot trading is impossible. Furthermore, in spot trading, you cannot use leverage.

The ability to long or short Bitcoin Cash and the availability of leverage are two of the main benefits of trading Bitcoin Cash futures over trading Bitcoin Cash spot.

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Why Trade Bitcoin Cash (BCH) Futures on BTCC

To trade BCH futures, you can choose BTCC crypto exchange.BTCC was founded in June 2011 with the goal of making crypto trading reliable and accessible to everyone.

We specializes in crypto futures contract trading, offering perpetual futures contracts. The maximum leverage offered by BTCC for daily futures contracts is 150x. The vast variety of futures offered by BTCC accommodates the trading habits and objectives of both novice and seasoned traders.We offer the USDT-margined futures and Coin-margined futures . Users can trade futures using USDT or cryptos like BTC, ETH, and XRP. And Large orders of up to 300 BTC can be executed at the top price levels.

Here are the main advantages of using the BTCC crypto exchange to trade BCH futures:

• Largest variety of futures: Daily and Perpetual futures
• Flexible leverage from 10x to 150x
• Lowest trading fees 0.03%
• Industry-leadingmarket liquidity
• Plenty of campaigns to win exciting rewards

How to Trade Bitcoin Cash (BCH) Futures on BTCC

STEP 1: Open the BTCC margin trading interface
STEP 2: Choose the type of BCH margin
STEP 3: Select the order type of BCH margin trading
STEP 4: Choose the leverage level
STEP 5: Choose the lot size
STEP 6:Set the take profit and stop loss price
STEP 7:Choose price direction:Buy when bullish, Sell when bearish

STEP 1: Open the BTCC margin trading interface

Log in to the official website of BTCC.com and click Margin Trading on the main menu.

If you have not opened an account with BTCC, click here to quickly register a free account and top up the initial amount.

STEP 2: Choose the type of BCH margin trading 

Select the weekly contract or perpetual contract of BCH at the top of the page.

STEP 3:Choose the order type of BCH margin trading 

Select the BTCC margin trading order type at the top right of the page. BTCC margin trading orders are divided into market orders, limit orders and stop loss orders.

• Market orders: Users place orders at the best current price in the market to achieve fast trading.
• Limit order: A limit order is used to copy the top/bottom, and refers to a buy/sell price set by the user. After the market reaches the limit price, the margin trading can be executed.
• Stop Order: A stop order is an advanced limit order, and users can customize a buy/sell price. After the market reaches the limit price, the margin trading can be executed.

STEP 4: Choose the leverage level 

Leverage multiples can be adjusted by themselves. For example, BCH’s weekly contract and perpetual contract provides 10x, 20x and 50x leverages.

STEP 5: Choose the lot size 

The BCH trading unit can choose the number of lots according to the user’s investment situation, and the range can be selected from 1 to 150 lots. There are real-time contract values and reference margins below.

STEP 6. Set the take profit and stop loss price

Market orders, limit orders and stop orders all need to set a take-profit and stop-loss price. The difference is that market orders are executed immediately at the best current price, while limit orders and stop orders need to be set for the same day or a week.

STEP 7. Choose price direction:Buy when bullish, Sell when bearish

After setting the basic data information, users can choose to buy (open long) or sell (open short) after entering their ideal price. Note that the price cannot be higher or lower than the highest buying price or lowest selling price of the platform. Click the buy or sell button, and the BCH order is completed.

Finally, after the margin trading is completed, it will be displayed at the bottom of the position page; if there is no trading to be executed, it will be displayed at the bottom of the pending order page.