Exchange:
If you hold USDT, you need to exchange it for USD (as Standard Contracts are denominated in US dollars).
- USD/USDT Exchange Steps:
You can go to the cryptocurrency spot trading section, find the USD/USDT trading pair, and buy USD to complete the exchange.
- Enter the “Standard Contract” trading interface
The exchange rate between USD and USDT generally fluctuates between 0.99 and 1.01, which is approximately 1:1. After successfully purchasing USD, proceed to the “Standard Contract” trading section.
Asset Transfer
In the interface of the relevant Standard Contract product (using gold, i.e., XAU, as an example in the screenshot), locate the Transfer button under the available balance to initiate an asset transfer. Transfer the USD purchased in the previous step from your Spot Account to your Standard Contract Account, enter the amount, and confirm the transfer.
- Conduct Standard Contract Trading
When trading, you can choose between Market Orders or Limit Orders.
A Market Order allows you to go long or short instantly at the current best available market price, while a Limit Order lets you set your desired entry price to open a long or short position.