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How to Trade Bitcoin Futures on BTCC
2024/04/17By:
Futures contracts are types of derivatives product where their values are derived from an underlying asset. The underlying assets can be a stock, bonds, or commodities. In the case of cryptocurrency futures contracts, the underlying asset would be crypto asset (Bitcoin BTC).
Unlike buying Bitcoin directly from the spot market, a bitcoin 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.
BTCC offers daily, weekly futures and perpetual contracts for Bitcoin derivative trading. The weekly Bitcoin futures contracts can be held up to a maximum of one week starting from Sunday 09:00 – Sunday 05:00 (UTC+8). However, the Bitcoin perpetual contracts has no expiry period, and you can maintain your position as long as you meet the margin requirements.
What are Bitcoin Futures?
With Bitcoin futures, the contract will be based on Bitcoin’s price, and speculators can “bet” on what they expect Bitcoin’s future price will be. In addition, it allows investors to speculate on Bitcoin’s price without really owning Bitcoin.
It has two important repercussions. First, while Bitcoin itself is unregulated, Bitcoin futures can be traded on exchanges that are governed. Those concerned about the risks associated with the industry’s lack of regulation will welcome this development.
Second, in regions where Bitcoin trading is prohibited, Bitcoin futures allow investors to speculate on Bitcoin’s price.
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Why Trade Bitcoin Futures on BTCC
To trade BTC 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.
BTCC offers futures trading, allowing customers to leverage up to 225 times on over 300 USDT-margined and coin-margined perpetual contracts. Traders might earn from holding either short or long holdings.
If the user does not have USDT, it will offer to trade it at BTCC. This application allows users to rapidly convert over 200 different cryptocurrencies into USDT and trade USDT-margined futures on the platform.
The BTCC Conversion Function is a great addition to any trader’s toolkit. This allows BTCC clients to change their cryptocurrency into USDT in seconds. This eliminates the need for users to go through the time-consuming procedure of transferring cryptocurrency out of their wallet and then converting it to USDT.
Here are the main advantages of using the BTCC crypto exchange to trade Bitcoin futures:
- Largest variety of futures: Daily and Perpetual futures
- Flexible leverage from 10x to 150x
- Lowest trading fees 0.03%
- Industry-leading market liquidity
- Plenty of campaigns to win exciting rewards
How to Trade Bitcoin Futures on BTCC?
Now you can trade BTC on BTCC. BTCC supports a diverse selection of cryptocurrencies for trading. This includes popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and others. BTCC also offers products such as crypto, gold, and tokenized stocks to help investors rationally allocate their assets.
1. Register an Account
Join BTCC now and get up to 10,055 USDT when you deposit and trade. Click the button below to sign up now.
2. Deposit Funds
Once your account is set up, you’ll need to deposit funds into your BTCC account. BTCC may offer various deposit methods such as bank transfers, cryptocurrency deposits, or other payment options. Choose the method that works best for you and follow the instructions provided to deposit funds into your account. BTCC mainly offers USDT margin and future trading. Therefore, you need to buy USDT before trading.
3.How to trade BTC?
Here are the steps to trade BTC on BTCC
1) First, tap “Futures” on the website homepage
2) Select a product you would like to trade from the list here. BTCC currently offers daily and perpetual futures
3) Check time to settlement. The settlement time of these futures type is different, you can check the time for settlement for each product here.
4) After choosing product, you can decide whther you would like to buy or sell it. You only need to own USDT to trade USDT-margined futures. That is to say you can sell BTCUSDT futures without owing any BTC Coin.
5) Then select your order type, and choose your leverage.
If you choose Limit or SL/TP order, you will need to enter your order price here.
Enter the quantity or choose the percentage under the quantity field.
You can also set up stop loss or take profit targets to limit losses or maximise earnings.
6)After everything is set up, Buy or Sell to play your order. A confirmation window will show up, check if all info is correct and click [Confirm] to open the position.
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BTCC FAQs
1.Can U.S. traders use the BTCC exchange?
Of course, BTCC accepts US traders on its platform. They can sell, purchase, or trade bitcoins in the excess marketplace using the BTCC exchange. And, of course, any USD deposits must be KYC-verified first.
2.What can you trade on the BTCC?
BTCC allows users to trade over 300 crypto futures, including USDT-margined and coin-margined options. Traders can use up to 225x leverage to enhance their trades. Furthermore, the site provides handy choices for both cryptocurrency and fiat deposits.
3.Is BTCC the ideal exchange for you?
If Bitcoin trading is your top priority, BTCC is definitely the finest exchange for you. This company has been focused on Bitcoin since 2011 and provides a user-friendly platform for all types of traders, both experienced and new.
4.Is the BTCC Exchange trustworthy?
BTCC has a 13-year track record of secure operations, with zero security problems. Along with this, it has adopted current security measures, making it a safer and more trustworthy environment than its contemporaries.
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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
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