Coinbase Futures Explained: How To Trade On The Platform

Welcome to Ontilt Trading complete guide to trading Coinbase Futures Coinbase and other sites like it are giving buyers new ways to profit from market changes as cryptocurrency continues to change the way money works. One of these tools is Coinbase Futures, a website that lets users guess how the prices of cryptocurrencies will change in the future.

At Ontilt Trading we aim to help users navigate the exciting world of Bitcoin trading by providing helpful information and tools. This guide will teach you everything you need to know to be successful in Coinbase Futures trading no matter how much experience you have as a trader or how new you are to it.

It is important to note that Ontilt Trading has teamed up with Prime XBT, a top cryptocurrency trading tool before we get into the specifics of Coinbase Futures. When you sign up for Prime XBT through our partner link you can access many trade options and special perks. 

Understanding Coinbase Futures

Coinbase Futures is a trade tool that allows people to guess how the prices of cryptocurrencies will change. Futures trading is when you buy or sell assets at a set price at a particular time in the future. This is different from spot trading where you immediately buy or sell assets. Because of this traders can make money from both growing and falling markets. 

It does however come with more danger than spot buying. When trading futures on Coinbase you buy and sell contracts representing a certain amount of a coin. These agreements have a due date and a set price. Traders can purchase these contracts long bet that the price will go up or sell them short bet that the price will go down.

Getting Started With Coinbase Futures

If you still need to you must make a Coinbase account before trading on Coinbase Futures. Please visit Coinbase.com and click on the Sign Up button. Put in your name, email address and password among other things. After making an account you'll need to prove who you are. Usually this means showing a government issued ID and a picture. 

You can get to the Coinbase Futures site once your name has been checked. The next step is to add money to your Coinbase account. You can utilize a debit or credit card or link a bank account. You can move money to your Coinbase Futures account and start investing as soon as your account is filled.

It is important to learn how the website and futures trading work before you start selling. Coinbase has learning materials and lessons to help you get started. Also it is wise to start with a small amount of money and slowly raise the size of your position as you get better.

It is essential to trade futures carefully and only with money can you afford to lose because a lot is at stake. If you follow these steps and use the available resources you can start investing in Coinbase Futures and profit from the volatile cryptocurrency market.

Navigating The Coinbase Futures Platform

Thanks to its user friendly design and easy to understand layout the Coinbase Futures app is easy to get around. When you log in for the first time you'll see a screen that shows you an outline of your account including your current amount of open accounts and most recent trades.

You'll need to add money to your Coinbase account before trading. To do this click Deposit and choose the way of payment you'd like to use. You can move money to your futures trading account and start dealing as soon as your account is paid.

There are many trading pairs on the site so that you can trade different cryptocurrencies with each other or with standard currencies like the US dollar. Click on the Market tab and then choose the pair you want to trade to see a list of all the available trading pairs.

You can choose between a market order, a limit order and a stop order when you trade. With a market order your order will be filled immediately at the current market price. With a limited order you can choose the exact price you want your order to be filled. You can control your risk with a stop order because it will go into effect once the price hits a certain amount.

The site also has powerful tracking tools that let you examine changing prices and find trade opportunities. You can also change the time frames and essential factors shown on the charts which will help you make better trade choices.

Conclusion

Coinbase Futures makes trading futures in the bitcoin market possible which is exciting for buyers. Traders can handle the volatile market and profit from rising and dropping prices if they understand how futures trading works and use sound risk management techniques.

Use the coupon code PRIMEOTT and sign up with Prime XBT to get a +7% bonus on your first payment when you start trading on Coinbase Futures. With Ontilt trading, you can take your selling to the next level. Take advantage of this chance.

As you start investing it is vital to prioritize risk management and a good trade plan. Remember to be smart about using leverage and only trade with money you can give to lose. You can spread your investments and keep up with market trends to make better buying choices.