How to engage in contract trading on the BITOY APP?

BITOY APP Contract Trading Operation Process:

I. Download and Log in to the BITOY APP

Step 1. Download and log in to the BITOY APP application from the official BITOY website;

II. Log in to the APP and Access Spot Trading

Step 1. Log in to the APP homepage ➡ Click on the bottom right to view "Assets" ➡ Select transfer, transfer wallet assets to "Perpetual Contract Account";

III. Enter the Contract Trading Interface and Conduct Trading

Step 1. Choose "Trading," and here it's important to note, click on the middle "convert" icon, then continue to select "Contract Trading";

Step 2. Select the contract trading pair you want to trade, for example: we choose the BTC/USDT contract trading pair;

Step 3. Choose the trading mode, either full position or isolated position. For example: we choose full position trading ➡ Select the leverage, for example: we choose 5x leverage;

Step 4. Based on the market situation, here we choose "Market" trading and can set take profit and stop-loss (optional) ➡ Choose the contract trading quantity, here select the number in lots — 100%;

Step 5. Choose "Sell Short" to view order details in the "Current Positions," such as our opening average price, estimated liquidation price, unrealized profit/loss, profit rate, mark price, etc;

IV. Close the Contract Order and View Historical Trades

Step 1. When the market price rises or falls within your expected range or if you want to "Buy Long," you can perform "One-Click Close" or "One-Click Reverse" in "Current Positions";

Step 2. After performing "One-Click Close," the order is immediately executed. You need to check the details of your "Sell Short" and "Buy Close" orders in "Historical Orders" and "Historical Trades";

For example: your execution price, quantity, fees, and profit/loss performance.

Step 3. The contract order is completed, and your profit can be viewed in the contract account.

Disclaimer
Cryptocurrencies have high growth potential but come with high market risks and volatility. Users are advised to conduct thorough independent research, and BITOY assumes no responsibility or obligation for any losses incurred from trading on the platform.

BITOY Team