1. What exactly is a USDT perpetual contract? What distinguishes it from the Inverse perpetual contract?
A linear contract is the USDT perpetual contract. A USDT margin is used for a linear contract. An inverse contract, on the other hand, indicates that if a trader wants to trade BTC, the underlying cryptocurrency must be used as the margin to trade the contract. In comparison to the Inverse perpetual contract, the USDT perpetual contract includes the following features:
- When comparing the USDT perpetual contract to the Inverse perpetual contract, the margin and P&L computation is more direct. When trading 1 BTC and the price changes by 100 USDT, the trader's profit or loss is 100 USDT. The USDT contracts' P&L chart will be a linear curve.
- The underlying Cryptocurrency is used to trade the inverse perpetual contract. Traders must have a considerably more volatile BTC/ETH on hand as margin. As a result, even if traders opt not to trade, owning bitcoin entails dangers. USDT perpetual contracts, on the other hand, employ stablecoin as a margin, thus traders don't need to hedge their positions to avoid the danger of holding the cryptocurrency.
2. How to deposit USDT?
Traders can deposit USDT by going to the Wallet - Summary and clicking the USDT deposit button. C-Trade takes ERC20 from the Ethereum network. The deposit usually takes around five minutes to arrive. Traders can also utilize the Fiat function to buy USDT. For specific steps on how to make a deposit, please click here.
3. What is the minimum and maximum order quantity for all USDT trading pairs?
|Minimum Order Quantity||Maximum order quantity|
|BTCUSDT||0.001 BTC||100 BTC|
|ETHUSDT||0.01 ETH||1000 ETH|
|XRPUSDT||1 XRP||1,000,000 XRP|
|DOGEUSDT||1 DOGE||500,000 DOGE|
Please refer to the Contracts page for details.
4. Is it feasible to switch between isolated and cross margin modes?
If a trader simultaneously maintains long and short positions in a contract, both positions will be converted to cross margin mode when a position is shifted from isolated margin mode to cross margin mode. When a trader seeks to change a position from cross margin to isolated margin mode, he can only do it if he has a long or short position or no position at all. Cross margin mode cannot be switched to isolated margin mode if he maintains both long and short positions in the contract at the same time.
5. Is the USDT contract insurance fund split among all coins?
In contrast to the inverse contract using the underlying coin as a settlement, USDT is used as a settlement by all USDT contracts. Therefore, all contracts share the USDT insurance fund.