How to Buy and Sell Cardano (ADA) Futures on BTCC

ADA is Cardano’s cryptocurrency. According to official explanation, Cardano is a new generation of blockchain contract platform. The entire system are composed of two aspects: cryptocurrency and smart contract platform. For settlement, the platform use its cryptocurrency ADA to benchmark Bitcoin. 

The calculation aspect of ADA is similar to Ethereum and EOS, where both altcoins act as the underlying public chains.

ADA is considered as Japanese version of ETH. Mainly because Emurgo is responsible for the ecological layout of the Cardano project , which is sited in Japan, and Japanese investors accounted for nearly 90% of the crowdfunding. ADA is now ranked 10th in the feixiaohao value, and is now quoted at $0.16. Generally speaking, the trend of ADA price is rising, which proved to be a high-quality investment cryptocurrency.

You can buy ADA at a low price and sell at a high price to invest in ADA. However, this method is only effective when the ADA price rises. In addition, leveraged trading is not allowed. BTCC cryptocurrency derivatives margin trading platform can solve these shortcomings. ADA futures allow you to benefit from ADA fluctuations. In addition, these derivative have built-in leverage, you can use small asset to trade large transactions.

7 steps to complete buying and selling ADA futures on BTCC

STEP 1: Open the BTCC margin trading buying and selling interface
STEP 2: Choose the type of ADA margin to buy
STEP 3: Select the type of ADA order
STEP 4: Choose the leverage 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. Or directly enter the web version link: https://trade.btcc.com/, and log in at the upper right corner of the page;

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 perpetual contract ADA to buy

Select ADA perpetual contract at the top of the page.

STEP 3: Select the type of ADA 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 price in the current 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 to add

BTCC provides 20x ADA/USDT perpetual contract.

STEP 5: Choose the lot size to buy

The ADA trading unit at BTCC allow users to choose the number of lots based on their investment situation, and the range can be selected from 1 to 1000 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 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 ADA 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 ADA margin trading. If you have further inquiries, please contact the online customer service.

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