1. What is the meaning of BTC contract exchange
Virtual contract is the buying and selling object of contract transaction, which is uniformly formulated by the contract exchange and stipulates a specific time for delivery A standardized contract for a certain quantity of goods.
In the process of contract transactions, both parties to the transaction will obtain their respective rights and obligations. For example, the buyer and the seller of the contract traded 100 contracts with the underlying price (100 US dollars) at the price of 1,000 US dollars, then the buyer of the contract has obtained the price of 1,000 US dollars/btc on a certain day of the month to buy 10,000 US dollars of bitcoin In the same way, the seller also has the right and obligation to sell $10,000 of bitcoin at a price of $1,000/btc on a certain day of the month. A contract that represents the rights and obligations of a buyer and a seller is a virtual contract.
In most cases, investors do not actually perform the rights and obligations of the contract, but obtain income by trading the contract before the contract takes effect, that is, before the delivery date.
The BTC futures exchange is my first to recommend the BBKX exchange. I didn’t know how to trade before, so I did it myself. It’s not easy to do this without its own trading system. The market changes too fast. This platform has launched the contract copy function, which can follow some mature traders to copy orders, save yourself from doing it yourself, and you don’t have to watch the market.
1. One-sentence introduction
BBKX.COM was incorporated in Singapore in 2019 and has been awarded the title of Du Jun (former co-founder of Huobi and founder of Golden Finance ) and joint strategic investments with on-chain funds.
2. Six advantages
①Complete business, permanent rebate
The platform business includes spot trading (more than 170 currency pairs have been launched), ETF area, contract trading, options trading, legal currency trading , to meet the needs of most users. All users can enjoy the share of the commission generated by the invitation and recommendation, only upgrade but not downgrade, and the rebate is permanently valid.
②Transaction fee, the lowest in the whole network
The currency pair zero threshold for spot trading enjoys 0.05% transaction fee, which is suitable for high-frequency trading, grid strategy, hedging arbitrage and other strategies.
③Worried about liquidation? Just buy ETFs!
The advantages of ETF are: one-click long and short, triple leverage, no margin, and never liquidation. It is suitable for unilateral market and should not be held for a long time.
The management fee is one thousand and one times, which is far lower than the market.
④Hundred times contracts, both “pros and cons”
Up to 100 times leveraged perpetual contracts, support forward and reverse, small price difference, enough depth! There are multiple trading courses per week that you can learn for free, and you can also train with simulated contracts.
⑤One-click copying, and enjoy its success
Doesn’t understand technology? No time to watch? The more you do, the more you lose? One-click copying, automatically synchronize transactions with the contract master, and truly enjoy the success!
⑥Option trading, make money faster
The platform creates options trading, interacting with tens of thousands of people to guess the ups and downs, making money faster and easier!
2. Why OKEX can become the largest exchange in Bitcoin contract trading
The contracts of OK, Huobi, and BitMEX are really good, but other The performance is average, such as options, spot, etc., obviously not as good as bitoffer
3. What is the meaning of bitcoin contract transaction
Contract transaction is for bitcoin Litecoin A general term for futures contract transactions.
In June 2013, 796 Exchange was the first in the bitcoin industry to develop bitcoin weekly delivery standard futures—T+0 two-way trading virtual commodities as collateral barter contracts (contract transactions).
The emergence of contract trading ended the previous history that Bitcoin could not be shorted, and opened the prelude to the development and prosperity of the Bitcoin derivatives market.
Reminder: The above information is for reference only and does not represent any advice.
Response time: 2020-12-16, please refer to the official website of Ping An Bank for the latest business changes.
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4. Bitcoin Is the contract the best of OKEX?
Yes, OKEX’s bitcoin contract has the longest history and the best technology, and is a consensus in the currency circle.
5. How to do exchange contracts
Contract trading is a general term for Bitcoin Litecoin futures contract trading.
Basic knowledge of contracts:
Jump: The price of a contract will fluctuate up and down. The smallest unit of change is called “jump”. It’s like the steps on a staircase. Steps are the same as the smallest unit of change for stairs, and “jump” is the smallest unit of change for contracts.
Minimum jump range: the minimum value of up and down changes in the contract price, that is, the size of each “jump”. You can think of it as the height of a stair step. The minimum jump for both Bitcoin and Litecoin contracts is $0.01, which means that each price change is at least $0.01. For barterers, a jumping dollar sign or any otherThe �� symbols are meaningless. Just like when climbing stairs, you only care about the number of steps, not the height of each step. What’s more, the minimum jump for each contract is pre-set and cannot be changed by market participants, so no one cares about it. The minimum jump is only worth looking into when choosing a market to trade. Once the transaction starts, leave it alone.
Minimum jump value: The total profit or total loss brought to the trader by each “jump” of the contract price. In the Bitcoin contract, the representative unit of jumping value is Bitcoin; in the Litecoin contract, the unit of jumping value is Litecoin. Unlike the minimum jump size, the size of the minimum jump value can be changed by traders, so pay attention to the minimum jump value. A trader starts a trade by opening a position. After the position is established, the trader will profit or lose every time the contract price rises or falls by one tick. Traders can adjust the minimum jump value by changing the position size (open interest). Building a larger cryptocurrency (Bitcoin or Litecoin) position means a larger minimum jump. Once a position is established, the minimum jump value is fixed no matter how the current dollar price changes. At this point the trader can calculate the current profit or loss on an existing position simply by counting the number of ticks. Calculation formula: profit/loss (profit and loss) = minimum jump value x number of jumps in the position. For example: the latest price is 3.21USD away from the position price. Because the minimum jump is 0.01USD, the number of changes in the bar in the position=3.21/0.01=321 jumps. Profit and loss = minimum jump value x321.
Warm reminder: The above information is for reference only, investment is risky, and you need to be cautious when entering the market.
Response time: 2021-12-29, please refer to the official website of Ping An Bank for the latest business changes.
6. What does BTC contract exchange mean
BTC futures exchange refers to Bitcoin futures exchange, the largest futures exchange – Bitmex
Response time: 2020-09-30, please refer to the official website of Ping An Bank for the latest business changes.
[I know Ping An Bank] Want to know more? Come and see “I know Ping An Bank”~
7. What is the meaning of bitcoin contract trading and where to open it?
It is the same as the meaning of commodity futures contract trading. It is a transaction method that takes Bitcoin standardized contracts as the subject matter, and conducts collective auction transactions through electronic trading platforms to conduct unified transaction, transfer, and settlement, and real-time display of price quotations.
At present, bitcoin contract transactions can be bought and sold on many exchanges, and the contract value and rules are different. You need to choose the one that suits you according to your actual situation.
As for the question of where to open a contract transaction, you can open a contract transaction after you find a suitable exchange to open an account.
Let’s try to accept it, if you don’t understand, please ask.
8. What futures contract exchanges are there for Bitcoin
As a friend said, most exchanges for futures contracts will be stuck. Once it starts to fluctuate, It is often impossible to close the position, and can only wait for the liquidation, so many people are reluctant to play contracts now, and the risk factor is too high. In contrast, options are on the rise. Take bitoffer’s upcoming bitcoin options as an example. There is no margin, no handling fee, no liquidation, and the risk is controllable!
On the basis of these advantages, the contract has been completely defeated, and the profit is even higher. If the leverage of the contract is not high, there is basically no profit. And options do not need leverage, but also achieve the effect of leverage, up to a thousand times leverage. For example, for bitoffer’s options, the current price of Bitcoin is 8500 points. You think it will fall in the next hour, so you open a 1-hour put option, which consumes 5 USDT. Sure enough, Bitcoin fell by 500 points in 1 hour, then 1 hour When the option expires and settles, you get 500 USDT income, and your principal is only 5 USDT.
9. What is a bitcoin futures contract
Bitcoin futures contracts are usually standardized contracts based on the bitcoin price index.
Bitcoin futures offered by bitcoin exchanges are usually traded in bitcoin. Futures are relative to the spot, and the spot is a commodity that can be delivered with one hand and one hand, while futures are not actually “goods”, but an agreement (contract) that promises to deliver “goods” (subject) at a future time – futures contract .
Subject: Also known as the underlying asset, which explains what to buy or sell. At present, the underlying bitcoin futures are the bitcoin price index, and the methods of generating settlement and delivery prices are based on this index.
Fees: Unlike stock transactions, which are subject to stamp duties, commissions, transfer fees, and other fees, futures transactions are only charged a handling fee. There are two types of transaction fees for Bitcoin futures: opening and closing.Charged when a position is opened (eg OKCoin) and when a position is closed (eg 796). Bitcoin futures fees are generally 0.03% of the total contract value.
Margin: Margin is closely related to another concept – leverage, which generally reflects the level of income and risk by leverage ratio. For example, the new 50 times leverage (ie 2% margin) introduced by 796 means that investors can buy 50 bitcoin futures contracts (ie 50 times leverage) by investing 1 bitcoin;
or From another perspective, 1 bitcoin invested by an investor is equivalent to 2% of the 50 bitcoins purchased (ie, 2% margin ratio).
Through 50 times leverage, the return of futures relative to spot is magnified by 50 times, such as buying 1 coin spot and buying 50 more coin futures with 1 coin at the same time, assuming spot and futures prices If both rise by 100%, then the spot earns 1 coin, and the futures earns 50 coins.
(9) 2 Bitcoin Contract Exchanges in One Lot Extended Reading
A futures contract is one in which a buyer agrees to receive an asset at a specified price after a specified period of time, and a seller agrees to deliver an asset at a specified price after a specified period of time protocol. The price that both parties agree to use in future transactions is called the futures price.
The specified date on which future transactions must be entered into between the parties is called the settlement date or delivery date. The assets that both parties agree to exchange are called “underlyings”. If an investor takes a position in the market by buying a futures contract (that is, agreeing to buy at a future date), it is said to be a long position or a long position in futures.
On the contrary, if the investor’s position is to sell a futures contract (that is, to assume responsibility for the contract to be sold in the future), it is called a short position or a short position on futures.