utures trading plays a vital role in the cryptocurrency market. Traders can flexibly use leverage to allocate a portion of their margin to long or short positions, potentially earning significant profits with a relatively small investment. This guide provides a detailed operational overview to help beginners get started with futures trading more easily.
Coinstore supports USDT-M perpetual futures. If you prefer using the app, refer to the “Futures Trading Guide (Web)” for more details.
1. Asset Transfer
Before trading futures, ensure your futures account contains USDT. If not, you can transfer from your spot account. No fees are charged for these transfers.
1. Open the Coinstore app and tap [Assets] → [Transfer].
2. Select transfer from [Spot] to [Futures].
3. Choose the cryptocurrency ([USDT] as an example).
4. Enter the transfer amount.
5. Tap [Confirm].
3. How to Place Orders
[Position Mode], [Margin Mode], and [Leverage Mode] significantly affect your profits and losses in futures trading. Coinstore recommends following these steps:
- Configure position, margin, and leverage modes.
- Select an order type.
- Choose [Open Long] or [Open Short] to place your order.
3.1 Setting Position Mode
Coinstore offers two types of position modes: Hedge Mode (Two-way) and One-way Mode. The difference is whether you can hold both long and short positions simultaneously for the same trading pair.
For example, if you're trading BTC/USDT perpetual futures, Hedge Mode allows you to hold both long and short positions in the BTC/USDT pair, while One-way Mode allows only one directional position (either long or short).
Note: If you already have an open position or a limit order, you cannot change the Position Mode.
3.1.1 How to Set Position Mode
1. Tap the […] icon at the top right of the Futures Trading page.
2. Click the [⚙️] settings icon corner to open Preferences.
3. Tap [Position Mode Setting].
4. Select either [Hedge Mode] or [One-way Mode].
3.2 Setting Margin Mode
Coinstore offers two types of margin modes: Isolated Margin and Cross Margin.
Isolated Margin: In this mode, each position is calculated independently. If you need to add margin, it won't be automatically drawn from your other positions or margin accounts—you must add it manually.
Example: If you have 1,000 USDT in your futures account and open a BTC long position using 200 USDT as initial margin, your potential loss is limited to 200 USDT. The rest of your balance remains unaffected.
Cross Margin: In this mode, all available balance in your account may be used to maintain your position. If your net asset value falls below the required maintenance margin, the system will force-liquidate the position. In this case, you risk losing your entire balance in the settlement currency.
Example: If you have 1,000 USDT and open a BTC long position using 200 USDT, in case of liquidation, you could lose all 1,000 USDT.
Note: The margin mode you set does not apply retroactively to existing positions or orders.
3.2.1 How to Set Margin Mode
1. Tap the [Isolated] icon at the top left of the Futures Trading page.
2. Swipe left or right to choose [Isolated] or [Cross], then tap Confirm.
3.3 Setting Leverage
Coinstore allows traders to select a leverage multiplier before opening a position using the standard futures trading interface.
Click the [Leverage Multiplier] on the right-hand side of the futures page to open the margin setting pop-up. Select the desired leverage and click [Confirm] to apply.
Note: If you have existing open positions or pending orders for the trading pair, you cannot adjust leverage. Also, leverage settings apply across all perpetual contracts on the platform.
3.4. Setting Order Types
Coinstore supports three order types: Limit Orders, Market Orders, and Conditional Orders. For more details, refer to the article “How to Use Different Types of Futures Orders.”
3.5 How Is the Maximum Position Limit Calculated?
You can view the maximum long or short position you can open directly on the trading interface.
When a futures order is submitted, the system first calculates the maximum position you can open. You can switch the unit between USDT and the token used in the trading pair. The system will then convert and display the quantity in the selected unit. The quantity shown on screen represents the maximum amount of long or short position that can be opened based on the leverage currently selected.
Additional Notes:
1. The estimated entry price and fee rate (used for calculating open and close fees) vary depending on the order type (limit or market) and trading direction (long/short).
2. Limit Order: The price entered by the user is used as the estimated entry price.
3. Market Order: The best ask price (Ask1) is used for long positions, and the best bid price (Bid1) is used for short positions.
The contract (cont.) quantity must be a whole number. If the calculated value includes a decimal, the system will round it down to the nearest whole number.
4. Monitoring Orders
4.1 Untriggered Orders
Check [Open Orders] or [Order History] if your order has not been executed.
4.2 Triggered Orders
If the order is triggered, check [Positions] to track its status.
4.3 Closing a Position
After your order is filled and you're seeing profit or loss, you may actively close your position. You can also set Take Profit (TP) and Stop Loss (SL) in advance to automatically close the position when price targets are reached. For details, refer to the article “How to Set Stop Limits in Futures Trading.”
4.4 Liquidation
Liquidation is a passive closing mechanism triggered when your margin falls below the required maintenance level. Coinstore ensures that your loss never exceeds your initial margin. If your margin becomes insufficient to maintain your position, the platform will automatically liquidate it. For more information, see “What is Forced Liquidation?”
Futures trading requires continuous learning and strategic adjustments based on market conditions. For beginners, it is important to manage risks effectively, allocate positions wisely, avoid blindly following others' advice, and make decisions based on your own judgment.
Disclaimer: This information does not provide advice on investment, taxation, legal, financial, accounting, consultancy, or any other related services, nor is it advice to purchase, sell, or hold any assets. The Coinstore Learn provides information for reference purposes only and does not constitute any investment advice. Please ensure a thorough understanding of the risks involved and invest cautiously. All user investment activities are unrelated to this platform.