BitKan offers two types of perpetual futures contracts:
1. Coin-Margined Futures (Inverse Contracts): Denominated in USD, using the underlying crypto (e.g., BTC, ETH) as collateral and for profit/loss settlement.
2. USDT-Margined Futures (Linear Contracts): Denominated in USDT, using USDT as collateral and for profit/loss settlement.
1. Fund Transfer
To trade, transfer funds to your BitKan Futures Account:
[Assets] → [Transfer] → Select Currency (e.g., USDT) → From [Spot Account] → To [BitKan Contract Account] → Enter Amount → Confirm Transfer.
2. Account Settings
Click "..." in the top right of the trading page → [Futures Settings] to configure:
- Position Mode: One-Way or Hedge Mode.
- Trading Unit: Coin or Contract.
- Order Confirmation: Enable/disable for Limit Orders, Market Orders, Stop-Limit Orders, and Market Close All.
3. Opening a Position
To open a long position (buy):
[Trading] → [Contract] → Select [BTC/USDT] → Choose [Cross/Isolated], [Leverage], [Buy], [Limit Order] → Enter Price & Quantity → [Buy/Long] → Confirm.
Key Notes:
A. Set Take Profit/Stop Loss before confirming.
B. Cross Mode: Uses all available balance as margin. Isolated Mode: Limits margin to the initial amount.
Leverage: Up to 125x for BTCUSDT contracts. Higher leverage increases risk.
C. If USDT balance is insufficient, adjust leverage or deposit more.
D. Leverage amplifies both gains and losses. Monitor positions and set risk controls.
4. Closing a Position
Go to [Current Positions] → [Close Position]. To close all positions and cancel pending orders, click [Close All].
Risk Warning: Cryptocurrency trading is highly volatile. Please assess your risk tolerance and trade responsibly.