Market price order: Real-time transaction at the best price in the market, that is, there is no need to enter the order price when placing an order. After entering the order amount, the system will automatically obtain the best price in the market as the order price helps users place orders.
Limit order: It is necessary to set the transaction volume and transaction price. The transaction will be executed when the market fluctuates to the set transaction price. Price priority, time priority.
Note: If you are using the web page to access BloFin transactions. You can place orders directly through the K-line chart, Manually slide on the K-line to select the price, click the "+" sign on the right, and then place an order after setting the amount. However, please note that currently only the website is supported, and only setting limit orders is supported, as shown below.
Note: If you are using the web page to access BloFin transactions. You can place orders directly through the K-line chart, Manually slide on the K-line to select the price, click the "+" sign on the right, and then place an order after setting the amount. However, please note that currently only the website is supported, and only setting limit orders is supported, as shown below.
If you already have a position, you can close the position on the K line or reverse order.
Trigger order: It is necessary to set the transaction amount, order price and trigger price. When the market fluctuates to the set trigger price, the transaction will be executed by the order price the users set previously.
Advance limit order: Three effective mechanisms can be selected, “Post only”, “FOK (Fill Or Kill)”, “IOC (Immediate Or Cancel)", and "GTC (Good-Till-Cancel)".
Post only: When the user's order is sent to the market if the transaction type can be executed immediately with Taker, the order will be canceled for the user to ensure that the user's transaction type is always Maker after the order is placed in the Maker-only way.
FOK (Fill Or Kill): If the user's order cannot be completed immediately after being sent to the market, all orders will be canceled.
IOC (Immediate Or Cancel): If the user's order is not executed immediately after it is sent to the market, the unexecuted part will be canceled.
GTC (Good-Till-Cancel): The order will last until it is completed or canceled.
Post only: When the user's order is sent to the market if the transaction type can be executed immediately with Taker, the order will be canceled for the user to ensure that the user's transaction type is always Maker after the order is placed in the Maker-only way.
FOK (Fill Or Kill): If the user's order cannot be completed immediately after being sent to the market, all orders will be canceled.
IOC (Immediate Or Cancel): If the user's order is not executed immediately after it is sent to the market, the unexecuted part will be canceled.
GTC (Good-Till-Cancel): The order will last until it is completed or canceled.
Users can obtain income from the price rise or fall of digital assets by buying long or selling short-forward perpetual contracts. Currently, the exchange only supports the one-way position mode.
To open a long position is to [Buy], to close a long position is to [Sell]; And to open a short position is to [Sell], to close a short position is to [Buy].
When you predict that the market will rise, you can choose to open a long position. Here we take the BTCUSDT perpetual contract as an example to demonstrate the operation.
Enter the [Futures] page, and click the currency pair box [BTCUSDT] in the upper left corner. Select [Cross Margin/Isolated Margin], [Leverage Multiple], [Limit Order], enter [Price], [Amount], click [Buy (Long)]. The order is placed successfully.
When you predict that the market will fall, you can choose to sell short. Here we take the BTCUSDT perpetual contract as an example to demonstrate the operation.
Enter the [Futures] page, and click the currency pair box [BTCUSDT] in the upper left corner. Select [Cross Margin/Isolated Margin], [Leverage Multiple], [Limit Order], enter [Price], [Amount], click [Short (Sell)]. The order is placed successfully.
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The difference between cross-margin and isolated-margin
In cross-margin mode, all the available balances in your account will be used as your position margin; In isolated-margin mode, the margin locked when the initial order is placed is the maximum loss for this position.
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Leverage ratio: The larger the leverage ratio, the higher the possible income, and the greater the risk.
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If the amount of USDT is too small, the balance will be insufficient to place an order. Users can complete the order by adjusting the leverage or increasing the amount of available USDT.
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Because leverage is added to the contract transaction, the risk is increased while the profit is expanded. If there is a large fluctuation in the BTC price, your position is likely to be liquidated, so you must pay attention to market fluctuations in time, and do a good job of stopping loss and making a profit.