What is contract trading?
Contract trading is an agreement between a buyer and a broker to trade on price movements of assets without actually owning the assets. The derivative instrument can be traded independently of the underlying asset. In other words, you don’t need to own the asset to trade contracts. so more investment risks can be avoided, such as liquidity risk.
How to benefit from contract trading?
If investors believe that the price of Bitcoin will go up, they should choose to buy/long a bitcoin contract. When the bitcoin price rises, investors can choose to close the position and make a profit. Conversely, if investors believe that the price of Ethereum will decrease, then they can choose to sell/short an Ethereum contract. When the Ethereum price falls, investors can close the position to make a profit.
For more guidelines on opening and closing positions, please click here
What are the characteristics of SCT (Simple Contract Trading)?
SnapEx provides investors with a unique SCT (Simple Contract Trading) method that gives customers the best trading experience:
Flexible Leverage: SnapEx offers 1-100x leverage. Investors can increase investment returns when leverage is used properly. Learn more by clicking here
Isolated Mode: In the cross mode, all the user's margins will be used for the stop loss margin of a certain position. When there is a large fluctuation, the user will lose the entire margin balance. The isolated mode can better help the user to control and manage the risk. Compared to cross mode, the user's margin will be allocated to different positions according to a fixed ratio, so the maximum loss of a position is the margin of the position.
Volume Weighted Spot Price: SnapEx offers fair prices based on a K-line volume-weighted average of 3 major cryptocurrency platforms, thus avoiding losses caused by price deviation or price manipulation of futures platforms. For more details about K-line, please refer here
Real-time transactions: When trading futures products, users may not be able to complete the transaction due to insufficient depth of the exchange and insufficient liquidity, thus losing the potential investment profit. With SnapEx, investors do not need to consider the depth or liquidity of the market, the orders placed will be immediately completed (the platform will dynamically choose to match or hedge the corresponding order position), so users do not have any hidden transaction costs, they can have all investment profits.
Click to learn more about SnapEx: https://bit.ly/3FWpYgd
How to deposit and start trading?
There are two methods to deposit USDT into your SNAP Wallet:
1. You can transfer USDT from an external wallet; or
2. You can transfer ETH from an external wallet.
Click to see the tutorials: https://bit.ly/3nUK7Nm