How to Trade Bitcoin Futures on BTCC

 

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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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.

 

STEP 1: Register an Account

 

Visit the BTCC website and create an account. Provide the requested information, complete the verification procedure, and implement any necessary security measures, such as two-factor authentication (2FA).

 

1. 1 Open an Account

 

 

This will redirect you to the registration page, where you will be required to submit some basic information, including your email address or phone number and a password. Enter the Referral code below to receive rewards if you have been referred by another BTCC user.

Next, you will receive a confirmation email to validate your identity. Execute the procedure by adhering to the instructions provided in the email. This procedure guarantees that your new BTCC account is exclusively accessible to you.

In order to comply with KYC/AML regulations, licensed crypto exchanges such as BTCC are required to identify all registered users. To accomplish this, you will require a government-issued identification document, such as a national ID, passport, or driving license.

 

Not only will your account be verified, but your daily transaction limit will be increased, and you will be eligible for a variety of special offers (coupons/rebates) by uploading a photo of your document(s).

 

 

 

 

 

 

 

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STEP 2: Deposit Funds

 

After you’ve created your account, you’ll need to finance it. BTCC may accept numerous deposit methods, including bank transfers, cryptocurrency deposits, and other payment choices. Select the way that works best for you and follow the instructions to deposit funds into your account.

 

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.

 

 

 

 

 

 

 

 

STEP 3: Start Trading

 

 

3.1 Choose the type of crypto futures

 

BTCC supports a range of cryptocurrency trading pairs. Select the trading pair you want to trade. For example, if you want to trade Bitcoin for Ethereum, you would choose the BTC/ETH trading pair.

 

 

 

 

3.2 Choose the order types of BTC

 

Select the order types for BTC at the top right of the page. The order types at BTCC included market orders, limit orders and stop loss orders.

 

 

 

 

• Market orders: Users place orders at the best current price to execute buy or sell order instantly.
• Limit order: A limit order is a type of order set by the trader to buy or sell at a specified price level or better. The buy order will be executed at the limit price or a lower one, while the sell limit order will be executed at the limit price or a higher one. The limit order can be seen by the market, which has given the opportunity for market participants to fill the buy or sell order.
• Stop order: A stop order, also known as the stop-loss order is a type of order set by the trader to buy or sell at a specified price level. The order will be executed automatically after a certain price level has been reached.

 

 

 

 

 

3.3  Choose the level of leverage 

 

You can adjust the level of leverage based on your need. For example, the leverage of ETH’s weekly contract included 10x, 20x, 50x, and up to 100x leverage.

 

 

 

3.4 Choose the quantity

 

Enter the quantity or choose the percentage under the quantity field.

 

 

3.5 Set take profit and stop loss targets

 

Market orders, limit orders and stop orders can used to set stop-profit and stop-loss price targets. The difference is that market orders can be executed immediately at the best current price, while limit orders and stop orders can only be executed at the price within a day or during the week.

 

 

 

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STEP 4: Stay Informed

 

Keep track of market movements, news, and other factors that may influence cryptocurrency pricing. BTCC may offer real-time market data, trading charts, and analysis tools to assist you make informed trading decisions. Staying educated can help you optimize your trading tactics.