How to Conduct Contract Trading on BITOY (Web Version)?

The following are the operational procedures for contract trading on the web version of BITOY.

Log in to the BITOY official website.
Step 1: Enter the BITOY official website: www.bitoy.com;
Step 2: Click on “Futures” in the upper left corner and select “USDT-M Perpetual”;

Step 3: Before entering the “Derivatives Trading” interface, you will be directed to the “Open Contract Account and Contract Trading Permission” agreement. Please read and comply with the related agreement, then click “Start Trading”;

Step 4: After entering the “Derivatives Trading” interface, complete the contract beginner tutorial following the page guide;

Step 5: Click on the upper left corner of the trading interface and select the contract trading pair you wish to trade, for example, BTC/USDT contract pair;

Step 6: Click on the upper right corner of the trading interface and select the contract trading position mode “Cross” or “Isolated mode”;

Step 7: Choose the trading price, for example, here we choose “Market Price” trading (trade at the current best market price) and set the leverage to “5 times”;

Step 8: Check your available contract account balance. If no assets are shown, you need to click “Transfer”. For example, if we are trading BTC/USDT here, you need to transfer USDT from your wallet assets to the perpetual contract account;

Step 9: Once you have available funds in your account, select the quantity you want to trade (you can choose USDT, BTC, or by the number of contracts). Here we select 100% of the USDT quantity;

Step 10: After entering the trading quantity, set take profit and stop loss, and choose “Mark Price” or “Latest Price” (optional), then based on the market conditions, for example, here we choose “Sell to Open Short”, a prompt will pop up showing: leverage multiplier, price, quantity, margin, choose to open position

Step 11: After the order is created, you can view the order details in the “Current Positions” below, such as our opening average price, estimated liquidation price, unrealized profit/loss & return rate, mark price, etc.

*Here you can see our opening average price (market price) is 36678.6;

Step 12: When the market price rises or falls to your expected range, or you want to “Buy to Open Long”, you can “Close Position with One Click” or “Reverse with One Click” in the “Current Positions”;

*When closing a position, select "Market Price" or "Limit Price"; here we choose to close at the "Market Price"；

Step 13: After you perform “Close Position with One Click”, the order will be executed immediately. You need to check the details of your “Sell to Open Short” and “Buy to Close Short” orders in “Historical Orders” and “Historical Transactions”.
For example: your transaction price, quantity, handling fee, and profit/loss performance

Step 14: The contract order is completed, and your profit or loss can be viewed in the contract account.

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

BITOY Team