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Derivatives trading has been in use for quite a long time now, for traditional assets like stocks and bonds, and derivatives contracts may even have precious metals or real estate as their underlying assets. A while after Bitcoin’s launch in the year 2009, crypto derivatives contracts became a thing as well. As of 2022, digital asset derivatives make up a significant portion of any wise trader’s portfolio.
Now, the volatility of crypto assets is something we’re all aware of. Crypto futures are a specific kind of derivatives contract that can help investors protect their crypto holdings against this very volatility. How? Say you have some Bitcoin holdings in the spot market. To keep your funds from falling prey to sudden volatility in BTC’s price, you can use a Bitcoin futures contract to hedge against the loss you might suffer.
Bitcoin futures indeed offer a lot of benefits over the spot trading of crypto. But there are a few things to consider and keep in mind when you’re trading BTCUSDT contracts over an online crypto derivatives exchange like Delta. Let’s find out what they are.
If you’re looking to invest in Bitcoin or Ethereum, you’ll need to be familiar with BTC USDT contracts. These contracts allow you to exchange Bitcoin or Ethereum for US dollars or toxic tokens, respectively. And while these contracts are usually simple to use, there are a few important things you need to know in order to avoid any potential complications.
First, make sure you understand the risks involved. While BTC USDT contracts offer a safe and secure way to invest in cryptocurrencies, there is always the risk of losing your money. Second, be sure to read the contract carefully before investing. There are often special conditions that must be met in order for the contract to be successful, and if you don’t understand them, you could wind up losing your money. Finally, make sure you have a backup plan in case things go wrong. If you’re not comfortable with the risks involved, don’t invest – there are plenty of other options available that are more safe and secure. By following these simple tips, you’ll be able to safely and successfully invest in Bitcoin or Ethereum using BTC USDT contracts.
You can sign up on Delta Exchange today to go forward with BTCUSDT futures trading. Then all you have to do is deposit funds to your exchange wallet to start with the actual trading; of course, you get to select an amount of leverage of your choosing for your position, going up to 100x for the BTCUSDT futures in particular.