CoinTiger crypto futures
What is Coin Tiger?
When the first record rise in the rate of cryptocurrencies occurred, trading platforms began to actively launch. Then CoinTiger cryptocurrency derivatives trading platform appeared. Let's take a closer look at what CoinTiger derivatives trading platform is.
The start page of the site looks clear, the information is compact. CoinTiger is a fairly large exchange and its 24-hour trading volume in 2019 was about 600 million USD or more than 125,000 BTC. The localization of this exchange is presented in several languages. There is a translation into English, Russian, Chinese, Korean.
The site provides very high-quality trading functionality for CoinTiger derivatives trading. The crypto exchange offers a TradingView web terminal for basic trading, an advanced version for professional traders, and an exchange converter. On the exchange, you can trade a large number of cryptocurrencies, just over 100, represented by Bitcoin, Ethereum, Litecoin, Ripple, Cardano, Stellar, dozens of other altcoins and defi coins. There are three types of orders that can be opened: at a limit price, at a market price and in the form of a stop limit.
Trading fees are competitive: you will need to pay 0.15% to the buyer and 0.08% to the seller.
The platform has released its official token TigerCash (TCH).
Multilingual support service available 7*24. You can contact with a question by e-mail indicated on the site. The exchange has official accounts on Facebook, Twitter, Instagram, Reddit, Telegram, Medium.
In the CoinTiger personal account, you can improve the security of your account. To do this, you need to set up 2FA authorization: connect a phone number, come up with a password for financial transactions, go through verification, and even connect your account in fiat currency. But the connection of all options depends only on the trader himself. It's not obligatory. CoinTiger is operated by ECO-CYBER Inc, registered in Singapore.
Strengths of CoinTiger
- According to user reviews, CoinTiger is a convenient exchange in terms of functionality, in addition, you can work with small amounts (up to 2 BTC) without identity verification.
- Converter for quick exchange of cryptocurrencies and fiat funds on a multi-currency wallet.
- Opportunity to directly invest in blockchain projects with daily interest payments.
- Opportunity to invest in the TCH platform token with annual payments.
Cryptocurrency derivatives: how do they work and what are they for?
Financial derivatives are often discussed when it comes to the crypto industry: especially in relation to futures contracts for Bitcoin or altcoins. It is worth noting that the derivative is one of the oldest forms of financial contracts that exist on the market. The history of such transactions can be traced back to ancient times. In the Middle Ages, derivatives were used to facilitate transactions between merchants who traded throughout Europe and participated in periodic fairs, an early form of medieval markets.
In short, a derivative is a financial contract between two or more parties based on the future price of the underlying asset.
Over the centuries, derivatives have evolved to become one of the most popular financial instruments. Today, a derivative is a security whose value is based on an underlying asset or benchmark. A contract can be entered into between two or more parties wishing to buy or sell an asset at a specified price in the future. Thus, the value of the contract will be determined by changes or fluctuations in the price of the underlying asset.
The underlying assets of derivatives can be currencies – including cryptocurrencies, commodities, bonds, stocks, market indices and interest rates. Derivatives can be traded both on stock exchanges and directly between end users.
Why should a trader use derivatives?
Derivatives are usually used to hedge (reduce) risks or to speculate on the price of the underlying asset if it changes.
Derivatives are used in many areas, but primarily for hedging purposes, when investors want to protect themselves from price fluctuations. In this case, signing a contract to purchase an asset at a fixed price helps to mitigate the associated risks. Another way to benefit from derivatives trading is speculation, that is, when traders try to predict how the price of an asset may change over time.
What are the main forms of derivatives?
There are four main types of derivatives: futures, forwards, swaps and options, CFDs:
- Futures and forwards
These are similar contract types with minor differences. Futures oblige the buyer to purchase an asset at a specified price on a specific future date. Futures are traded on exchanges so contracts are similar and standardized. As for forwards, this type of contract is more flexible and adapts to the needs of the parties. Since forwards are usually traded on OTC markets, counterparty risk should always be taken into account.
Gives the buyer the right to buy or sell the underlying asset at a specified price. However, according to the contact, the trader is not required to buy or sell the asset, which is the key difference between options and futures.
These are derivative contacts that are often used by two parties to exchange one type of cash flow for another. The most popular types of swaps are related to interest rates, commodities and currencies. As a rule, swaps involve the exchange of a fixed cash flow for a floating one. That is, for example, an interest rate swap allows a trader to exchange a floating rate loan for a fixed rate loan or vice versa.
CFD (contract for difference) is an agreement on the price difference of the underlying asset (for example, Bitcoin). If during the term of the contract the coin has fallen in price, then the buyer pays the difference. In the event of a rise in price of the coin, the difference is paid by the seller. A simple example of such a contract is a special offer in some stores, in which the seller promises to refund the price difference if the buyer finds the product cheaper.
How are derivatives used in crypto trading?
Cryptocurrencies are becoming more and more popular all over the world, and more and more traders want to benefit from the high volatility of cryptocurrencies.
Cryptocurrency futures trading allows traders to mitigate risk through a contract that is settled directly in the underlying crypto auction price.
In order to capitalize on an increase in the price of a coin, a trader buys a cryptocurrency at a low price and sells it later at a higher price. But this strategy is very risky - just like all other attempts to speculate on the price of cryptocurrency.
Another strategy is short selling (short positions), this is a way to make money even if the price of a cryptocurrency drops. To do this, traders usually borrow assets from an exchange or broker and sell them when they expect the price of a coin to fall. When the price of a coin falls, the trader buys the same number of coins at a lower price and benefits from the price change.
How to Trade Derivatives on CoinTiger?
CoinTiger derivatives in Qatar are very popular right now. Getting started trading CoinTiger crypto futures in Qatar is easy, here are some instructions.
CoinTiger can register in 2 ways: using email and phone number. The procedure is very simple: you need to enter your e-mail, come up with a password and enter the sent verification password. After confirming the data, registration is completed.
- Stop Limit: A stop limit order will be executed at the specified (or potentially better) price after the specified stop price is reached. Once the stop price is reached, the stop limit order becomes a limit order to buy or sell at or above the limit price.
- Stop Price: When the current price reaches the set stop price, a stop-limit order to buy or sell at or above the limit price is executed.
- Limit Price: The price (or potentially better) at which a stop-limit order is executed.
- Quantity: The amount to buy or sell in the stop limit order.
The last traded price of TCH is 0.0000098 BTC and the resistance is around 0.000015 BTC. If you think the price will go higher after the price hits resistance, you can place a stop-limit order to automatically buy more TCH at 0.000015 BTC. This way you don't have to constantly monitor market movements while waiting for the price to reach your target price.
Select a Stop Limit order, then enter a stop price of 0.000015 BTC and a limit price of 0.0000151 BTC with a quantity of 10,000. Then click the Buy TCH button to submit the order.
Once orders are submitted, existing "stop limit" orders can be found and viewed in "open orders".
How to pass KYC on CoinTiger？
- Click "Authentication".
- Select "Nationality", enter your name, identification number and upload an image.
- Click "Submit" after uploading the image to CoinTiger.
- Your login page must be visible.
- Maximum size 5M.
- Click "Download All" to save the image after compression.
How to set the leverage of a contract?
CoinTiger supports high leverage transactions through the use of sophisticated risk management mechanisms and settlement models. Currently, traders need to adjust their own leverage. If the trader does not adjust the leverage, CoinTiger Futures default leverage is 20x, users can set their own leverage, the higher the leverage, the lower the value of the trader's position.
Click the "20x" icon.
Next, you will see the adjustment lever. You can adjust the leverage ratio by moving the indicator or by clicking the "+" or "-" icon. After setting the leverage, click "Confirm".
After successfully setting the leverage, you will see the new leverage. Before placing an order, make sure that the leverage you have chosen is correct.
How to choose trading pairs?
Visit the CoinTiger website and log into your account. Click the futures contract symbol.
In the top left corner, you can see two options including USDT-M and COIN-M. Select the type of futures contract you wish to trade. For example, if you want to trade BTCUSDT perpetual contracts, select USDT-M Futures. Conversely, if you want to trade BTCUSD perpetual contract with coin margin, choose COIN-M futures.
Then click on the symbol of the contract you want to trade.
You are now in the XTRX/USDT Perpetual USDT-M futures contract trading interface. Follow the steps above if you want to switch to other futures contracts.
The site has a handy tutorial, go through it to start CoinTiger crypto futures trading. Be sure to try trading CoinTiger cryptocurrency derivatives to earn extra income.
We wish you good luck!