Trade Crypto Futures Contracts On BTCC – Guide For Beginners

Are you intrigued to learn about crypto futures trading on BTCC? With cryptocurrency’s popularity increasing at an alarming rate, it is common for people to want to venture into this field. But before making a move and joining BTCC, you must learn the basics.

Talking about bitcoin futures is a sort of financial imitation involving an agreement between two parties to buy and sell an underlying asset at a pre-set rate. In bitcoin futures, Bitcoin itself is the underlying asset.

selective focus photo of Bitcoin near monitor

To find out more about trading bitcoin futures on BTCC, you should give this post a read.

Register On BTCC To Create An Account

To start crypto futures trading on BTCC, you will need to first register yourself on the platform. You can create an account by following the steps given below.

  • Open the official BTCC website, and click on the Register button as you see it.
  • You are required to complete the KYC verification and phone number verification. Once these operations are done, accept the terms of service, privacy statement, and risk disclosure. To proceed with the next step, click on the Register button.
  • To secure your account, you must create a password and then follow the registration steps.
  • After completing the verification process, your account will be ready to use.

Deposit Crypto On BTCC

When your BTCC account is up and ready, you should proceed to make a deposit. There are two ways you can deposit in your BTCC account – deposit from your cryptocurrency wallet, or buy crypto using fiat currency, and then transfer the crypto into your account.

To keep things simple in Bitcoin trading, we suggest you use the first deposit method. The second method can be both lengthy and complicated, especially for newbies.

Trade Crypto Futures Contracts On BTCC

Trading bitcoin futures on BTCC is not as hard as some people would think. You should start by choosing the crypto futures type you want to trade. In our case, it is bitcoin, we are trading with.

After choosing your crypto futures type comes the crypto order type. BTCC contracts are divided into three categories, including stop-loss orders, limit orders, and marker orders. You must choose an order type depending on your requirements. To make an informed decision, learn about the order types mentioned.

The next thing you do is choose the leverage for each position, and also the amount. You should adjust the leverage based on your risk tolerance and financial status.

On BTCC, you can choose the lot size based on your investment situation. After that, you are required to set the stop loss and stop profit rates.

When the above-mentioned steps are complete, you can buy and sell bitcoin futures as required.

BTCC’s crypto trading platform is a great option for both seasoned and newbie traders. It being the oldest crypto futures trading exchange has a lot to offer to traders. Now that you are familiar with the steps to trade bitcoin futures contracts on BTCC, the process should feel easy.