How to Use Quanto Swap on Bitget
2021.11.26 05:47
Hi It's Unicorn
1. Futures trading → Click the Unified Contract!
➢ After logging in Bitget, select “Contract” on the top!
➢ The following menu will appear when you click Futures. Double-click Unified Contract.
2. Select “Quanto Swap” on the top!
➢Enter Unified Contract and click “Quanto Swap” on the top.
3. Read the user guide thoroughly.
➢ Enter “Quanto Swap” and you will find the user guide as below.
➢ It is the same as how we usually trade futures.
➢ The only difference is that you can collateralize with multiple coins!
4. The Quanto Swap trading page!
➢ You have entered the “Quanto Swap” transaction page as below.
➢ The “Quanto Swap” transaction page is same as futures trading page, please refer to how to trade futures!
5. Transfer funds.
➢ Currently, there is no assets in your quanto swap contract account, click on the "Transfer" function to transfer crypto from other accounts to quanto swap contract account.
➢ Let's transfer BTC from the spot wallet to quanto swap contract account!
6. Select coin pair to trade!
➢ BitGet Quanto Swap only supports BTC/USD, ETH/USD & XRP/USD!
➢ Bitget may add more trading pairs after receive more user feedback.
➢ In this example, we will trade Ethereum with Bitcoin as collateral.
➢ Let’s trade ETH/USD pairs and using Bitcoin as collateral!
➢ Let's go to market price with 100x leverage and long positions!
➢ Entering ETH/USD pair position with BTC as collateral!!
➢ After earning 30% profit, you close the position with market price immediately.
➢ Compare BEFORE and AFTER!
➢ The profit was settled in Bitcoin! The number of coins increase!
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