Navigating the world of cryptocurrency derivatives can be challenging, especially for newcomers. Coin-margined delivery contracts offer traders a powerful way to gain leveraged exposure to digital assets while managing risk effectively. This comprehensive guide walks you through every step of trading coin-margined delivery contracts using a mobile app interface—designed for clarity, precision, and real-world usability.
Whether you're looking to hedge your crypto holdings or speculate on price movements, understanding how to use this advanced trading tool is essential. From account setup and asset transfers to placing orders and closing positions, we’ll cover it all in detail.
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Getting Started with Contract Trading
To begin trading coin-margined delivery contracts, open your preferred exchange application and locate the "Contracts" tab in the bottom navigation menu. Once inside, tap the profile icon in the top-left corner to access your account UID, settings, customer support, and other essential features.
If you haven’t installed the app yet, ensure you download the official version from a trusted source. After logging in, proceed to the Contracts section where you can start exploring available markets.
For first-time users, contract trading must be enabled manually. Tap the list button in the upper-left corner and select any delivery contract market. If trading isn’t activated, you’ll see an option labeled "Enable Contract Trading." Follow the on-screen instructions to continue.
Completing Identity Verification
Before activating contract functionality, users must complete identity verification (KYC). This process ensures compliance with regulatory standards and enhances platform security.
If your account isn’t verified, you’ll be prompted to submit personal identification documents. Detailed instructions for completing verification are typically provided within the app or via official support pages. Once approved, review and accept the User Service Agreement to finalize activation.
After successful verification and agreement acceptance, your contract trading account will be live and ready for funding.
Transferring Collateral Assets
With your contract account enabled, the next step is transferring funds from your spot wallet into your delivery contract account. This process is known as collateral transfer.
Tap the "..." icon in the top-right corner and select "Transfer" (or "Collateral Asset Transfer"). You’ll see options to move assets between your Spot Account and Delivery Contract Account. Currently, only these two accounts support transfers.
Choose the cryptocurrency you wish to transfer—such as BTC or ETH—and enter the desired amount. Confirm the transaction to complete the transfer.
Note: All transfers are processed instantly and securely within the platform. No network fees apply.
Once completed, your total account equity will be visible at the top-left of the screen, reflecting your updated balance across all active positions and available margin.
Selecting a Delivery Contract
After funding your account, return to the main contract interface and tap the list icon to view available contract types. Contracts are categorized by underlying asset, leverage level, and settlement date.
For example:
- BTC Quarterly 0626 refers to a Bitcoin futures contract settling on June 26.
- Weekly, bi-weekly, and perpetual contracts may also be available depending on market offerings.
Select the contract that aligns with your trading strategy and market outlook.
Placing Your First Trade
Now that you’ve selected a contract, it’s time to open a position. Begin by choosing your desired leverage multiplier, which amplifies both potential gains and risks.
You can open a long or short position based on your market prediction:
- Buy to Open Long (Go Long): Profit if the price rises.
- Sell to Open Short (Go Short): Profit if the price falls.
Order Types Available
1. Limit Order
Set a specific price at which you want your order executed. Enter both price and quantity, then confirm.
Optional execution modes include:
- Post Only (Maker Only): Ensures your order doesn’t match immediately—ideal for earning maker fee rebates.
- Fill or Kill (FOK): The entire order must execute instantly; otherwise, it’s canceled.
- Immediate or Cancel (IOC): Partial fills allowed, but unfilled portions are canceled immediately.
If no execution mode is selected, the order remains active until filled or manually canceled.
2. Triggered (Plan) Orders
Also known as conditional orders, these allow you to automate entries or exits based on market conditions.
Set:
- Trigger Price: The market price that activates the order.
- Order Price: The price at which the actual trade executes.
- Quantity: Amount to buy/sell once triggered.
When the latest traded price reaches your trigger level, the system places a limit order automatically.
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Managing Open Positions and Orders
After submitting an order:
- Filled portions appear under the "Positions" tab.
- Unfilled orders remain in "Current Orders" until executed or canceled.
To monitor open trades:
- Swipe down to refresh or tap "All" to view order history.
- Navigate to "History Records" for a detailed log of completed trades over the past three months.
This transparency helps track performance and refine future strategies.
Closing Your Position
When it’s time to exit a trade:
- To close a long position, tap "Sell to Close Long."
- To close a short position, tap "Buy to Close Short."
You can close positions using:
- Limit Orders: Set a precise exit price.
- Triggered Orders: Automate exits when price hits a target.
- One-Click Close (Flash Close): Instantly liquidate at market price directly from the positions screen.
Flash close is particularly useful during high volatility when speed matters most.
Accessing Contract Settings and Data
Tap the "..." menu in the top-right corner to access additional tools:
- Contract Settings: Adjust default leverage, margin mode (cross/isolated), and notification preferences.
- Contract Info: View key details including funding rates, settlement time, max leverage, and historical data.
- Settlement Records: Track past deliveries and final prices for auditing purposes.
Understanding these metrics improves decision-making and helps avoid unexpected liquidations.
Reviewing Account Activity
Navigate to the "Assets" tab at the bottom-right of the app. Select "Delivery Contract Account" and choose a specific contract type to view:
- Transaction history
- Margin changes
- PnL records
- Funding payments
This detailed ledger supports accurate tax reporting and portfolio analysis.
Frequently Asked Questions (FAQ)
Q: What is a coin-margined delivery contract?
A: It’s a futures contract settled in cryptocurrency rather than fiat. Your collateral and profits/losses are denominated in the same digital asset (e.g., BTC).
Q: How does leverage work in delivery contracts?
A: Leverage allows you to control a larger position with less capital. For example, 10x leverage means $1,000 controls $10,000 worth of BTC. Higher leverage increases both profit potential and liquidation risk.
Q: Can I transfer funds between different contract accounts?
A: No. Transfers are only permitted between your spot account and delivery contract account. Internal movement between different delivery contracts is not supported.
Q: What happens during contract settlement?
A: At expiration, all open positions are automatically closed at the final settlement price. Profits or losses are credited/debited in the underlying coin.
Q: Is there a fee for transferring assets?
A: No. Internal transfers between account types (spot ↔ contract) incur no fees or network costs.
Q: How can I reduce slippage when trading?
A: Use limit orders instead of market orders, enable post-only mode, and trade during high liquidity periods. Consider using optimal N-tier pricing for faster fills with minimal spread impact.
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Final Thoughts
Coin-margined delivery contracts empower traders with flexible strategies for bullish and bearish markets alike. By mastering account setup, fund management, order execution, and position tracking—all from your mobile device—you gain full control over your crypto trading journey.
Always remember to manage risk carefully: use stop-losses, avoid excessive leverage, and stay informed about market trends. With disciplined execution and continuous learning, you can unlock new dimensions of opportunity in digital asset trading.