Cryptocurrency derivatives trading has evolved rapidly, and coin-margined delivery contracts are now a cornerstone for traders seeking leveraged exposure to digital assets with settlement in the same cryptocurrency. This guide walks you through the complete process of trading coin-margined delivery contracts using a mobile app, optimized for clarity, usability, and strategic insight. Whether you're new to futures or refining your execution skills, this step-by-step walkthrough ensures you can navigate the platform confidently.
Getting Started: Accessing the Contract Interface
Begin by logging into your account via the mobile application. Once inside, locate the "Contracts" tab in the bottom navigation bar—this is your gateway to all derivative trading functionalities.
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For account management, tap the profile icon in the top-left corner of the home screen. Here, you can:
- View your unique user ID (UID)
- Access account settings
- Navigate to customer support
- Manage security preferences
If you haven’t installed the app yet, ensure you download the official version from a trusted source to avoid security risks.
Activating Your Contract Trading Account
Before placing any trades, you must activate contract trading. Follow these steps:
- Tap the "Contracts" tab.
- Select the dropdown menu (usually represented by a list icon) in the upper-left corner to choose a delivery contract pair.
- If you haven’t enabled contract trading, a prompt will appear—tap "Enable Contract Trading", then proceed.
At this stage:
- Identity verification (KYC) is required. If not already completed, follow the in-app instructions to submit necessary documents.
- After verification, review and accept the User Service Agreement to finalize activation.
This compliance step ensures platform security and aligns with global regulatory standards.
Transferring Collateral: Managing Your Margin Assets
Once your contract account is active, transfer funds from your spot wallet to your delivery contract account:
- Tap the more options (⋯) icon in the top-right corner.
- Select "Collateral Transfer".
- A notice about cross-margin mode may appear—read and confirm by tapping "Got it".
On the transfer page:
- Choose "From Spot Account to Delivery Contract Account"
- Select the cryptocurrency (e.g., BTC, ETH)
- Enter the amount to transfer
- Confirm the transaction
Note: Only transfers between the spot account and delivery contract account are supported at this time.
After completion, your total account equity will be visible in the top-left corner of the trading interface.
Selecting a Delivery Contract
With funds in place, return to the contract selection menu (via the list icon) and choose your desired contract type. Common options include:
- BTC Quarterly (e.g., BTC0626)
- ETH Bi-Weekly
- Other major cryptocurrencies with fixed settlement dates
These contracts are settled in the base cryptocurrency (e.g., BTC settles in BTC), making them ideal for users who prefer to maintain crypto-denominated exposure without fiat conversion.
Opening a Position: Leverage and Order Types
Now that you've selected a market, decide on your trading direction:
- Buy Long (Open Long) if you expect price appreciation
- Sell Short (Open Short) if you anticipate a decline
You can adjust your leverage based on risk tolerance and market conditions—this directly impacts both potential gains and liquidation risk.
Order Execution Options
1. Limit Order
- Set a specific price and quantity
Optional execution modes:
- Post Only: Ensures you only pay taker fees if your order doesn’t immediately match (acts as maker)
- Fill or Kill (FOK): Entire order executes instantly or is canceled
- Immediate or Cancel (IOC): Partial fills allowed; remainder canceled
- Default behavior: Orders remain active until manually canceled
2. Triggered (Conditional) Orders
Set a trigger price and a limit order price. When the market reaches your trigger level, the system places a limit order automatically. This is ideal for:
- Entering trades at breakout levels
- Automating entries during off-market hours
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Monitoring Open Trades and Orders
After placing an order:
- Filled positions appear under the "Positions" tab
- Pending orders are listed under "Current Orders"
- You can cancel unfilled orders at any time before execution
To view order history:
- Pull down to refresh or tap "All"
- Switch to "History" to see records of executed and canceled orders over the past three months
This transparency helps with performance tracking and tax reporting.
Closing Your Position: Taking Profits or Cutting Losses
When it’s time to exit:
Method 1: Manual Close via Order Types
Switch to the "Close Position" interface and use:
- Limit Order: For price control
Conditional Order: To automate exits based on market movement
- Tap "Sell to Close Long" or "Buy to Close Short" after configuration
Method 2: Instant Closure – "Flash Close"
Available directly from the positions tab, this feature allows one-tap liquidation at market price. Ideal for:
- Rapid risk mitigation during high volatility
- Avoiding liquidation when margin levels are low
While fast, use cautiously—market slippage may affect final execution price during turbulent conditions.
Advanced Settings and Account Insights
Tap the (⋯) icon again to access additional tools:
Contract Settings
Customize interface preferences, default order types, and risk parameters.
Contract Information
View real-time data such as:
- Funding rates (if applicable)
- Settlement time
- Mark price vs. last traded price
- Open interest
- Historical settlement records
Understanding these metrics enhances decision-making and helps anticipate market behavior ahead of expiry.
Tracking Financial Activity
To review transaction history:
- Tap "Assets" in the bottom-right corner
- Select "Delivery Contract Account"
- Choose a specific contract (e.g., BTCUSD)
Browse detailed account statements, including:
- Deposits and withdrawals
- Realized P&L
- Funding payments
- Settlement transactions
This audit trail is crucial for reconciling profits and maintaining accurate personal records.
Frequently Asked Questions (FAQ)
Q1: What is a coin-margined delivery contract?
A coin-margined delivery contract is a futures agreement where both margin and settlement occur in cryptocurrency (e.g., BTC). Unlike USDT-margined contracts, gains and losses are denominated in the underlying asset.
Q2: Can I switch between isolated and cross-margin modes?
Yes, most platforms allow switching between isolated (per-position margin) and cross-margin (shared account equity) modes. Be aware that margin mode affects liquidation thresholds.
Q3: How is leverage applied in coin-margined contracts?
Leverage amplifies exposure but also increases risk. For example, 10x leverage means a 10% price move against your position could lead to full liquidation if not properly managed.
Q4: What happens at contract expiration?
At expiry, all open positions are automatically settled based on the final settlement price. Traders receive or pay out profits/losses in the base cryptocurrency.
Q5: Why use limit orders instead of market orders?
Limit orders give price certainty and help avoid slippage, especially important in volatile markets or with large positions.
Q6: Is mobile trading secure?
Mobile apps use end-to-end encryption, two-factor authentication (2FA), and biometric login options. Always enable security features and avoid public Wi-Fi when trading.
Final Thoughts: Trade Smarter, Not Harder
Coin-margined delivery contracts offer experienced traders powerful tools for directional bets and hedging strategies—all accessible from your smartphone. By mastering fund transfers, order types, position management, and settlement mechanics, you position yourself for greater control and consistency.
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With disciplined risk management and a clear understanding of platform functionality, mobile contract trading becomes not just convenient—but strategically effective.