Article Information

1: Coin-to-coin trading

(1). What is coin-to-coin trading?

Coin-to-coin trading refers to the transaction between digital assets, using one digital asset as the unit of account to purchase other digital assets.

(2). What is a trading pair?

A trading pair refers to two digital assets that can be exchanged for each other. For example, "BTC/USDT" means buying BTC with USDT, or selling USDT with BTC.

(3). What is a maker order? What is a taker order?

Maker: A maker order. If the buy price < sell price 1, or sell price > buy price 1, such an order will not be executed immediately, increasing the market depth. It is a maker order.

Taker: A taker order. If the buy price ≥ sell price 1, or sell price ≤ buy price 1, such an order will be executed immediately, reducing the market depth. It is a taker order.

(4). How is the funding rate charged?

Whether it is a maker order or a taker order, as long as the transaction is completed in the coin-to-coin trading, a handling fee of 0.02% will be charged for each transaction.

The tiered fee rate will be launched soon, with more discounts. Welcome to experience it at that time.

2: Perpetual Contract Trading

What is Perpetual Contract Trading?

Perpetual contract trading refers to a transaction in which users pledge digital tokens on the Bduncoin platform, borrow certain digital tokens, and conduct long (buy)/short (sell) operations, with the purpose of using small funds to drive large funds and earn more profits. But at the same time, you need to bear higher risks.

It only takes four steps to play Bduncoin perpetual contract trading:

The first step is to open a perpetual contract account.

Enter the Bduncoin official website, click [Trade], and click [Perpetual Contract Trading].

Enter the trading page, click [Open Perpetual Contract Trading], check [I have understood and voluntarily assume the above risks], and click [Confirm Opening].

Step 2: Transfer Deposit

Click [Transfer] to transfer the margin from the currency account to the perpetual contract account, select the currency to be traded, and click Confirm Transfer after confirming that the amount is correct. The more margin you transfer, the more funds the platform can borrow.

Step 3: Borrow digital assets from the perpetual contract trading market

In the lower right corner of the trading page, you can click the [Borrow] button in normal mode to open the borrowing pop-up window. In the pop-up window, you can view the minimum margin amount of each currency. The system will display a certain multiple of the amount of the currency that can be borrowed according to the amount of the currency transferred. You can apply for borrowing according to your own needs.

Shorting perpetual contracts means that if the market is expected to fall in the future, borrow digital assets to sell at a high price, buy at a low price in the future, and repay the currency. In essence, it is a way to make a profit by selling high and buying low and obtaining the difference between buying and selling.

Taking BTC/USDT as an example, if the current Bitcoin price is 40,000USDT, if the BTC price is expected to fall, you can choose to short, borrow BTC, and sell BTC at a high price in exchange for USDT. After BTC falls, buy BTC and return the platform loan and interest. After deducting the principal and handling fees, the remaining is the profit of the short transaction.

The opposite is true for long contracts. If the market is expected to rise in the future, borrow USDT to buy BTC at a low price, sell it at a high price in the future, and repay the currency. In essence, it is a way to buy low and sell high to make a profit from the price difference.

Take BTC/USDT as an example. If the current price of Bitcoin is 40,000 USDT, if the price of BTC is expected to rise, you can choose to go long, borrow USDT on the platform, buy USDT as BTC at a low price, sell BTC after the price rises, and return the platform loan and interest.

Subtract the principal and handling fee, and the remainder is the profit of the long transaction.

Step 4: Repay Coins

Click [Repay Coins] to enter the repayment interface, select the order and enter the repayment amount, and click the OK button after verification. When the available amount is not enough to repay the borrowed amount and interest, please transfer the required repayment to the perpetual contract in the contract account in time.

In order to simplify the transaction process and facilitate user transactions, Bduncoin also provides an automatic mode for perpetual contract trading.

In automatic mode, users do not need to borrow or repay coins manually. The system will automatically determine whether the user needs to borrow coins based on the user's available assets and order quantity.

When it is greater than the current available assets, the system will automatically borrow coins for the user and place an order