How to Trade USDT-M Contract on BYDFi (APP)
Learn how to trade USDT-Margined perpetual contracts on the BYDFi app in just a few easy steps. This guide will walk you through everything from placing your first trade to managing positions and understanding key features.
🔁 Important Notes Before You Start Trading
- Transfer Funds: To trade USDT-M contracts, make sure you transfer assets from your Spot Wallet to your USDT-M Wallet via the Transfer page.
- Deposit First: If your balance is zero, deposit USDT before starting.
- Trade History Retention: Your trading history is stored for up to 3 months. Export data if needed for long-term records.
- Liquidation Warning: The liquidation price shown is only an estimate. A forced liquidation occurs automatically when the margin ratio hits 100%. Learn more about forced liquidation. 👉 The Process of Forced Liquidation (USDT-M)
📱How to Trade USDT-M Contracts on BYDFi App
1. Open the BYDFi App and Tap “Futures”
From the bottom navigation bar, tap “Futures” to enter the USDT-M perpetual contract trading section.
2. Choose a Trading Pair
Browse the market list or use the search bar to find your desired trading pair (e.g., BTC/USDT, ETH/USDT).
3. Select an Order Type
Choose between:
- Limit Order: Set your own price to buy or sell.
- Market Order: Execute the order at the best available market price.
- Stop Limit Order Set a trigger price and a limit price. Once the market reaches the trigger price, a limit order will be placed at your chosen limit price.
- Stop Market Order Set a trigger price, and once it’s reached, the system will execute a market order immediately at the best available price.
📌 Tip: Use Stop Limit and Stop Market orders to manage risk and automate entry or exit strategies.
4. Set Your Margin Mode
Tap the [Margin Mode] button to choose between:
- Cross Margin Shares margin balance across all open positions in the same account. Suitable for experienced traders who want to reduce the risk of liquidation on a single position.
- Isolated Margin Limits margin to the specific position. Losses are confined to the margin allocated to that position, offering better risk control.
✅ Tip: Isolated margin is recommended for beginners to avoid unnecessary liquidation across your portfolio.
5. Adjust Your Leverage
Tap the [Leverage] button to set your desired leverage level:
- Adjustable from 1x to 125x, depending on the trading pair.
- Higher leverage amplifies both potential gains and risks.
⚠️ Reminder: Use high leverage cautiously. Always evaluate your risk tolerance and consider using stop-loss orders.
6. Set Trading Unit and Quantity
- Choose the unit (e.g., USDT, contracts, or coins).
- Enter the trade amount based on your preference.
7. Review Trading Rules
Tap the 【...】 icon in the upper-right corner to view detailed trading rules, fee structures, funding rates, and other contract terms.
8. Go Long or Short
- Tap “Long” if you anticipate the price will rise.
- Tap “Short” if you expect the price will fall.
9. Monitor Open Positions
After opening a position, you can check details under the “Positions” tab:
- Entry price
- Position size
- Margin ratio
- Unrealized profit/loss (PNL)
- Take-profit/stop-loss (TP/SL) status
10. View Pending Orders
Unfilled orders (like limit orders or TP/SL orders) are listed under the “Orders” tab. You can edit or cancel them anytime before execution.
11. Access Order and Fund History
Tap the “History” tab to view:
- Past trades
- Funding payments
- Deposit/withdrawal records
📌 Need Help?
If you have questions or encounter issues while trading, contact BYDFi Customer Support via in-app chat or email us at cs@bydfi.com.
