Crypto derivatives enable traders to gain exposure to a wide range of digital assets without owning them. It allows market participants to hedge against volatility and speculate on the future value of a particular cryptocurrency. The use of leverage improves capital efficiency as investors don’t have to lock up large amounts of capital, unlike the spot markets.
With over 100 trading pairs available on Pexpay Futures, the trading platform has grown to become the world’s most liquid crypto derivatives exchange, allowing users to avoid unnecessary risks.
In the following guide, we’ll explain how you can get started with Pexpay Futures
Step 1 - Make Your First Deposit
Before making your first trade on Pexpay Futures, you’d need to deposit cryptocurrencies.
To buy Cryptocurrencies, go to Pexpay and click [Buy/Sell Crypto] at the top of the page. Select your preferred mode of crypto purchase methods.
Once you have purchased USDT, click on [Wallet] on the top right corner of the page.
Navigate to Futures and transfer USDT from your Spot/Funding wallet into your Futures wallet
Step 2 - Make Your First Trade
Now that you have transferred funds to your Pexpay Futures wallet, you’re ready to make your first trade.
Navigate to [Trade] and click on [Futures Trading] on Pexpay's homepage.
Select the [Futures Contract] you would like to trade at the top left side of the page.
Select the [Margin Mode], which will only apply to the selected Futures Contract, choose between [Cross] and [Isolated], and click [Confirm].
Then, you need to [Adjust Leverage] and click [Confirm].
Please note that using high leverage carries high risks and shouldn’t be done without a robust risk management strategy.
Use the [Futures Calculator] to calculate your Profit and Losses, and Return on Equity
Select [Type of Order] - [Price] - [Size], and choose between a [Buy/Long] or [Sell/Short] position.
Now that we’ve explained how to deposit into your Pexpay Futures account and make your first trade, why not give it a try?
Crypto derivatives represent a fantastic financial tool to improve your capital efficiency and hedge against your positions in the spot markets. Still, implementing a proper risk management strategy is a must to avoid unnecessary risks and limit your losses when the market moves against your positions.