1.Contract Order of Coinstore

Coinstore currently supports 3 types of Orders:

1.Market order
2.Limit order
3.Conditional order

·Market order

Market orders are executed immediately in the current market. Traders who want to execute orders urgently will choose this type. Please pay attention to the order list when choosing this type, otherwise a new market order may "break through the list" and cause market impact costs.

【Market Price】-【Amount】

·Limit order

A limit order specifies the minimum amount of something a trader wants to buy. Traders use this type to reduce their trading costs. If the order price is far from the current market price, then there is a chance that the order will be avoided.

【limit Price】-【Amount】

·Conditional order

There are two types of trigger prices for conditional orders: [Latest Price/Mark Price]

【Conditional Price】-【Latest Price】

【Conditional Price】-【Mark Price】

【Limit Price】

【Market Price】

Conditional orders will not occupy margin before they are triggered.

After a conditional order is triggered, it may not be successfully executed. It may fail to execute due to reasons such as the price being too low/too high, the position exceeding the threshold limit, etc.

2. There are four types of order in the system, and the conclusions are as follows

·Ordinary order

Traders make their own judgment and actively choose to open or close positions for matching transactions.

·Liquidation order

To ensure the safety of users' positions, we recommend that users confirm the order before the position. After the order is confirmed, we will close the order at the current position.

·Insurance fund custody order

When the user is still in a state of insufficient margin during the forced liquidation process, the user's position will be entrusted to the insurer. The insurance funds will be managed according to the bankruptcy price of the Supreme Court.

·Manual reduction of position

Currently, the balance of insurance funds is insufficient to compensate for user losses, the automatic reduction system is insufficiently funded, and the automatic reduction system is insufficiently funded. Reduce positions according to the actual situation of investors.

3. How to open and close a contract

Digital asset trading follows the principle of "buy low and sell high". Contract trading can be carried out in both directions, buying and selling, and there are opportunities to make profits whether the price rises or falls. "Going long or short" is also called "bullish (buy long)" and "bearish (sell short)". In digital asset contract trading, we can choose to go long or short the underlying asset to make a profit based on market price fluctuations.

· Opening a position:

Buy long

If investors are bullish on the market, buy and open a long position. Here we take the BTCUSDT perpetual contract as an example for demonstration

Web：

【Futures】

【Isolated/Cross】-【Limit Price/Market Price】-【Amount】-【Buy/Long】-【Confirmation】

APP：

【Futures】-【Trading Pair】

【Isolated/Cross】-【Limit Price/Market Price】-【Amount】-【Buy/Long】-【Confirmation】

Sell/short

If investors are bearish on the market, they can open a short position. Here we take the BTC/USDT perpetual contract as an example for demonstration

Web端：

【Futures】

【Isolated/Cross】-【Limit Price/Market Price】-【Amount】-【Sell/Short】-【Confirmation】

APP：

【Futures】-【Trading Pair】

【Isolated/Cross】-【Limit Price/Market Price】-【Amount】-【Sell/Short】-【Confirmation】

·Closing a position

Take long orders as an example

Coinstore perpetual contracts can be operated in two places: the trading page and the specific position page

Web：

Specific position closing long orders：【Close】-【Limit Price/Market Price】-【Quantity】-【Close Position】

Closing long orders on the trading page：【Close】-【Limit Price/Market Price】-【Quantity】-【Sell/Close Long】

APP

Specific position closing long orders：【Close】-【Limit Price/Market Price】-【Quantity】-【Close Position】

Closing long orders on the trading page：【Close】-【Limit Price/Market Price】-【Quantity】-【Sell/Close Long】

4. Contract stop profit and stop loss

1. What is stop profit and stop loss

Stop profit and stop loss refers to the pre-set trigger price. When the market price reaches the pre-set trigger price, the system will execute the market price entrustment on the entire position.

2. Contract stop profit and stop loss entry

Currently, Coinstore supports preset stop-profit and stop-loss, as well as setting stop-profit and stop-loss for holding positions.

Web

Preset stop profit and stop loss

【Futures】【Open】-【Set TP/SL】