Published 2 недели назад • 7 minute read

How To Start Derivatives Trading on Tapbit: A Step-By-Step Guide

Crypto Derivatives allow traders to bet on the future price trajectory of an asset. While the process can feel complicated for new traders, getting started requires an understanding of how to navigate your chosen derivatives trading platform. This guide offers a step-by-step account of how to do derivatives trading on Tapbit, one of the top exchanges for derivatives products, ranking 11th on CoinMarketCap Derivatives(September, 26th).

KEY TAKEAWAYS
• Tapbit offers a reliable starting point for users looking to begin derivatives trading in 2024.
• The platform facilitates derivatives trading on the web and via its mobile app, with small differences in terms of process.
• While highly leveraged trading can generate large rewards, it’s also a high-risk activity, and such strategies should be considered with caution.

How To Start Derivatives Trading On Tapbit?

Here is a quick rundown of the steps involved in derivatives trading on Tapbit:

  • Create your Tapbit account

  • Verify the account by submitting the necessary KYC details

  • Deposit funds

  • Navigate the trading interface and choose the pair you want to trade

  • Adjust the leverage for the given trading pair if you need to

  • Confirm the order

  • Keep position managing/ risk management tools handy, like take-profit and stop-loss.

  • Close the trade per your needs and withdraw profit if made

Let’s now examine the step-by-step process of derivatives trading using both the web version and the Tapbit mobile app.

How To Start Derivatives Trading On The Tapbit Website

Here are the detailed steps associated with derivatives trading on Tapbit (web version here).

1. Create an account

Start by hitting the “Sign up” button on the right-most corner of the screen.

You can use your email ID and feed the verification code sent to the address upon registration. 

2. Verify your account

Navigate to the account section and select “ID Verification.”

In that section, you will find that completing the personal and address proof verification process will grant you access to derivatives trading.

Although verification may not be immediately necessary for spot trading, you will be required to verify your account details when withdrawing profits, regardless of whether they were earned through spot or derivatives trading.

 

 

KYC verification: Tapbit

3. Deposit funds

Your derivatives trading account must be loaded with funds for you to trade.

There are 3 ways to get funded with crypto: 

Buy Crypto with Tapbit P2P and Third Party payment,

Get funds by inner transfer from another Tapbit account with 0 fee,

Transfer crypto to your derivatives account from your spot account.

Buy crypto with Third Party payments.

 

Buy crypto with P2P.

Tap “Withdraw” to get funds by internal transfer.

Transfer funds from your spot account.

4. Navigate the Tapbit trading interface

After you have funded your account, you can head over to the derivatives trading interface.

Once there, you can choose from a list of perpetual futures pairs.

You can choose from an extensive selection of themes, including “Favorite Pairs,” and others.

Trading interface.

5. Adjust leverage

After you have chosen the pair you want to trade, the next step is to place an order. You will start by selecting the margin. If you prefer to use the same leverage for all your derivatives/spot trades, you can select cross-margin. Alternatively, you can opt for isolated margin, which can go as high as 150x for specific pairs. Once that's done, you can either choose to trade at market price or input your preferred limit or trigger price to initiate an order.

Contract info: leverage.

6. Confirm the order

Based on your leverage, margin, and nature of trade, you can place a Buy (long) or Sell (short) order. 

Once placed and confirmed, you can find the details in the “Open Order” section.

Order interface.

7. Keep risk management tools handy

Tapbit offers all the standard risk management tools, including setting stop-loss at specific levels to minimize capital erosion. 

Also, if you are in profit, Tapbit lets you place take-profit positions. This allows you to skim funds off the top without waiting for the prices to reach a specific level. 

Stop-loss and take-profit orders can also be tracked: Tapbit

8. Withdraw profits

In case you need to, you have the option to close any open orders early by accessing the "order history" section. After closing a long or short order, any profits from your trades will be visible in your derivatives trading account. Subsequently, you can transfer these funds to your spot wallet for later withdrawal to your preferred crypto address.

How To Trade On The Tapbit App?

The process for derivatives trading on the Tapbit app is similar to that on the web. However, there are a few sub-steps to be aware of. Here’s what the process looks like.

Tapbit app on App Store.

1. Create an account

Begin by heading to the official Tapbit app on the Play Store or the App Store and completing the download. After installing the app, use your registration credentials to log in or sign up directly through the mobile app. 

Once logged in, set up the biometrics and passkeys to ensure a smooth trading experience. If your account is verified and funded, you can promptly access the derivatives trading interface within the app. The derivatives option is easily visible, allowing you to select from the available assets. Upon choosing a pair, you will be able to view the chart, order book, pending market trades, and the Buy/Sell options. Opting for the "Buy" or "Sell" option will lead you to the price-related page, which closely resembles the web interface.

2. Choose the leverage and confirm the trade

The cross or isolated margin can be pinpointed using the mobile app.

Placing an order at market price or setting a limit/advanced limit order is an option. It's important to fully understand these order types before proceeding. For more experienced traders, there is also a trigger option, which is especially useful for step-up trades.

After setting the price, leverage, and other details, the order can be confirmed. The list of open orders is also visible on the same interface.

The Tapbit mobile app provides the same risk management strategies to work with, including take profit, stop loss, and more. Finally, after closing the trade with a profit, funds can be checked and moved from the funding wallet to the spot wallet. Tapbit also allows direct withdrawals from the funding wallet.



Why Choose Tapbit For Derivatives Trading?

Tapbit offers several features that might appeal to derivatives traders. These include:

Flexible leverage options, which can go as high as 150x

Access to risk management tools, including trailing stops, stop-loss implementations, and more.

Access to comprehensive trading strategies, courtesy of technical analysis tools

Stringent account verification standards ensure transparency and credibility.

 

How About The Tapbit Trading Interface?

Certain centralized exchanges should improve their compliance with derivatives trading. In contrast, Tapbit prioritizes user-friendliness. The web trading interface of your Tapbit account provides information about assets, margin requirements, and options, while the mobile app offers an even more user-friendly experience. The mobile trading interface is packed with features, including market analysis tools, Tapbit tutorial access, and clearly separated order types, yet it remains easy to navigate..

 

Note: While Tapbit offers an intuitive platform for beginner traders, it’s crucial users understand the basics of derivatives and the risks involved. Crypto is highly volatile and derivatives trading can lead to losses. Profits are not guaranteed.

 

Features of The Tapbit Trading Platform

Here’s a quick look at some of the key features of this trading platform.

  • Access to a wide range of futures contracts

  • Support for perpetual contracts that have no expiration dates

  • Competitive trading fees that follow a tiered structure based on trading volume. The standard tier fee is 0.02% for makers (limit orders) and 0.06% for takers (market orders).

  • Top-end security implementations include cold storage fund segregation and two-factor authentication.

  • The ability to use both cross and isolated margins for leverage.

Pros and cons of Tapbit

Every crypto exchange has its highs and lows. Here’s a look at where Tapbit excels and where improvement is needed.

Pros

  • High leverage option

  • User-friendly interface

  • Diverse order types on display

  • Competitive trading fees

  • Advanced security standards

  • Beginner-friendly

  • Copy trading support

Cons

  • Limited fiat picks

  • Not trading bots as of September 2024

Stay Secured When Trading 

Tapbit provides a wide range of futures contracts and standard technical analysis tools for the industry. Traders can maximize their potential through the flexibility related to margins. It is crucial to comprehend the risks and potential losses linked to high-leverage trading before commencing trading on Tapbit. Always have a well-defined risk management strategy, prioritize security, and refrain from investing more than you can afford to lose.

Tapbit USDT Perpetual FAQs

Q 1. What is the fee structure of the 'Tapbit USDT Perpetual'?

A 1. At 'Tapbit USDT Perpetual', if you provide liquidity to the market, then you are a 'Maker' and accordingly, will be charged at a rate of 0.020%. However, if you accept liquidity, then you are a 'Taker' and accordingly, will be charged at a rate of 0.060% for your trades. For further details, please see the Tapbit USDT Perpetual fee structure

Q 2.  Will 'Tapbit USDT Perpetual', add new coins?

A 2.   'Tapbit USDT Perpetual' supports trading in major coins and users are welcome to vote for their favourite coins to go live on the Derivatives section. Additionally, all new coin contracts will be added to Tapbit every once in a while. Users can also join our community to stay informed of any new contracts added and participate in our weekly poll. 

Feel free to Join: https://t.me/Tapbitglobal

Q 3. What are the bonus for Tapbit USDT Perpetual?

A 3. The trial fund allows users to try the 'Tapbit USDT Perpetual' without having to invest any funds whatsoever. Which can effectively reduce the whole trial and error misjudgement of funds, and also, the profits generated from it can be withdrawn or transferred relatively easily.

Starting immediately, 'Tapbit USDT Perpetual' will airdrop up to 30 USDT for the trial of funds to new signups and users, who accordingly complete the corresponding tasks. Tapbit users are free to use the 'Tapbit USDT Perpetual' now and accordingly amplify their profits at zero cost

Q 4. How to get your free bonus from Tapbit USDT Perpetual?

A 4. Tapbit offers bonus to newbies, whereby, new users can complete tasks within the Benefits Center to get hold of their 30 USDT bonus.

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