In the last few months I see quite a few Youtuber but also on Twitter to do Future trading in BloFin exchange. So as you understood today we will have a detailed article on how to do it Future trading on the BloFin exchange.
Let's not talk about it and go straight to the guide.
If you want to know rather than information we have written about the exchange step-by-step guide to what BloFin is.
Table of Contents
How to start
First you should do registration on the Blofin exchange .
and then do deposit either by card or cryptocurrencies at the exchange.
Then, after you have made a deposit at the exchange, you will have to transfer them money from Funding account to Futures.
To do this you will need to go to the category Overview and press the button Pick-Up (free) and you will transfer the funds from Funding to Futures.
Once everything is ready you should go to the category Futures and it will show you Bitcoin chart to do Future trading.
However, you can choose any cryptocurrency you want from the long list for Future that it has.
How to do Buy trading
We will take Bitcoin for example if we want to do Trading and we believe that it will go up what we will do is to first make the plan we want and then we will go to put the money.
The steps you should follow are as follows:
- Isolated instead of Cross,
- Now in leverage you will choose under 5x if you are a beginner.
- In Amount(BTC) you will put the USDT option and put the money you would like for trading.
- TP/SL you will bet until you want to lose or until you want to win.
- When you do Future trading we always have to risk 2% to 3%
And that was you will press it Buy(Long).
How to Sell (Short)
A lot of people confuse it with Future trading short but it's really not that difficult.
First you should make your plan but this time to invest in the fall you will put the stop loss and take profit and then you will go to the right and follow the following steps.
- Isolated instead of Cross,
- Now in leverage you will choose under 5x if you are a beginner.
- In Amount(BTC) you will put the USDT option and put the money you would like for trading.
- TP/SL you will bet until you want to lose or until you want to win.
- When you do Future trading we always have to risk 2% to 3%.
- And that was you will press it Sell (Short).
BloFin Fee
- Maker Fee Rate - 0.0200%
- Taker Fee Rate - 0.0600%
Below you will see in detail all the Fees that exist on the platform depending on what VIP you are and depending on the Trading Volume you do.
LIABILITY DISCLAIMER:
Cryptocurrency trading is VERY risky. Make sure you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your money.
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