How to Buy and Sell Bitcoin Cash (BCH) Futures on BTCC

Bitcoin Cash (BCH) was generated through the hard fork of the Bitcoin blockchain (a community-driven, protocol or code-level update) in August 2017. Bitcoin Cash improved the network of original Bitcoin by expanded the block capacity, which resulted in number of transactions that can be processed per second is more than that of the Bitcoin blockchain, and the scalability of the blockchain network has improved dramatically as a result. This makes cryptocurrency become a payment method, and not just a store of value, as Bitcoin Cash’s transaction fees are usually lower than Bitcoin.

BCH currently ranked sixth in term of market capitalization on Coinmarketcap, and is now quoted at US$288.56. According to data, the price of BCH has increased by 35.49% this year, and both the BCH price and the number of BCH investors are rising each year.

“You can buy and sell BCH coins, buy at a low price and sell at a high price to invest in BCH. However, this method is only effective when the BCH price rises.

BTCC cryptocurrency derivatives margin trading platform can solve these shortcomings. BCH futures allow you to benefit from BCH fluctuations. In addition, these derivative have built-in leverage, you can use small capital to trade large transactions.

Steps to Complete Buying and Selling BCH Futures at BTCC

STEP 1: Open the BTCC margin trading buying and selling interface
STEP 2: Choose the type of BCH margin to buy
STEP 3: Select the type of BCH order
STEP 4: Choose the leverage level to add
STEP 5: Choose the lot size to buy
STEP 6. Set the take profit and stop loss price
STEP 7. Choose direction: bullish “buy”, bearish “sell”

STEP 1: Open the BTCC margin trading buying and selling interface

Log in to the official website of BTCC.com and click Margin Trading on the main menu.

If you have not opened an account with BTCC, click here to quickly register a free account and top up the initial amount. You can deposit at least 2 USDT for an attempt. If the deposit amount is greater than 500 USDT, you can receive up to 2,000 USDT bonus

STEP 2: Choose the type of BCH margin trading to buy

Select the weekly contract or perpetual contract of BCH at the top of the page.

STEP 3: Select the type of BCH margin trading order

Select the BTCC margin trading order type at the top right of the page. BTCC margin trading orders are divided into market orders, limit orders and stop loss orders.

·Market orders: Users place orders at the best current price in the market to achieve fast trading.

·Limit order: A limit order is used to copy the top/bottom, and refers to a buy/sell price set by the user. After the market reaches the limit price, the margin trading can be executed.

·Stop Order: A stop order is an advanced limit order, and users can customize a buy/sell price. After the market reaches the limit price, the margin trading can be executed.

STEP 4: Choose the leverage level to add

Leverage multiples can be adjusted by themselves. For example, BCH’s weekly contract and perpetual contract provides 10x, 20x and 50x leverages.

STEP 5: Choose the lot size to buy

The BCH trading unit can choose the number of lots according to the user’s investment situation, and the range can be selected from 1 to 150 lots. There are real-time contract values and reference margins below.

STEP 6. Set the take profit and stop loss price

Market orders, limit orders and stop orders all need to set a take-profit and stop-loss price. The difference is that market orders are executed immediately at the best current price, while limit orders and stop orders need to be set for the same day or a week.

STEP 7. Choose direction: bullish “buy”, bearish “sell”

After setting the basic data information, users can choose to buy (open long) or sell (open short) after entering their ideal price. Note that the price cannot be higher or lower than the highest buying price or lowest selling price of the platform. Click the buy or sell button, and the BCH order is completed. 

Finally, after the margin trading is completed, it will be displayed at the bottom of the position page; if there is no trading to be executed, it will be displayed at the bottom of the pending order page.

For more orders information, you can click on the margin trading report at the top right of the page to view.

At this point, you have completed the BCH margin trading. If you have further inquiries, please contact our online customer service.

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