How to Trade the New FRAX/USDT Perpetual Futures on Bitrue

Trading cryptocurrencies has gained a lot of attention in recent years, and platforms like Bitrue are making it even more accessible. One of the latest and most exciting additions to the trading world is the FRAX/USDT Perpetual Futures on Bitrue. If you're looking to get involved and want to know how to trade these perpetual futures, you're in the right place!

Key Takeaways:

• What is FRAX? FRAX is the native gas token of the Fraxtal blockchain, which features innovative scalability solutions.
• Bitrue's Perpetual Futures offer a flexible trading experience with long-term contracts on the FRAX/USDT pair.
• Get Started on Bitrue's secure platform to trade with low fees and access a variety of crypto futures options.

If you are interested in crypto trading, explore Bitrue and enhance your experience. Bitrue is dedicated to provide safe, convenient and diversified services to meet all crypto needs, including trading, investing, purchasing, staking, borrowing, and more.

Introduction to FRAX and Perpetual Futures

In the world of cryptocurrency, new projects and tokens are launched regularly. However, some stand out because of their innovative features. FRAX is one such token that has gained attention due to its unique role within the Fraxtal blockchain ecosystem.

FRAX is the network-native gas token for Fraxtal, a modularization rollup blockchain (Layer 2, L2) designed to provide "fractal scaling" solutions. These features allow Fraxtal to expand efficiently, catering to growing demands within the blockchain world. The contract address for FRAX is 0x3432b6a60d23ca0dfca7761b7ab56459d9c964d0.

If you're new to perpetual futures, these are contracts that allow traders to speculate on the price of an asset, like FRAX, without having to worry about expiry dates. It's a form of leverage trading that lets you profit from both rising and falling markets.

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What Are Perpetual Futures?

Before diving into the specifics of the FRAX/USDT perpetual futures, it’s important to understand what perpetual futures are. A perpetual future is a derivative product that allows you to trade on the price movement of an asset without a predetermined expiry date. This makes them quite different from traditional futures contracts, which have set expiration dates.

How Perpetual Futures Work:

• Leverage: You can use leverage to amplify your potential profits (or losses). Bitrue allows you to trade with leverage, which means you can control a larger position with a smaller capital investment.
• No Expiration: Unlike traditional futures contracts, perpetual futures don’t have an expiration date. This means you can hold your position as long as you wish, provided you maintain margin requirements.
• Funding Fees: Perpetual futures contracts require a funding mechanism to ensure that the price of the futures contract stays in line with the underlying asset. These fees are paid at regular intervals, typically every 8 hours.

Now that we understand what perpetual futures are, let’s explore how you can trade the FRAX/USDT pair on Bitrue.

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How to Trade FRAX/USDT Perpetual Futures on Bitrue

Trading FRAX/USDT perpetual futures on Bitrue is a straightforward process. Here’s a step-by-step guide to help you get started:

1. Sign Up or Log In to Bitrue

To begin trading on Bitrue, you’ll need to create an account or log in if you already have one. The registration process is quick and simple. You can sign up using your email address or mobile phone number.

2. Deposit Funds Into Your Account

After logging in, you’ll need to deposit funds into your Bitrue account. To trade FRAX/USDT perpetual futures, you’ll need USDT (Tether), which is the trading pair’s quote currency. You can deposit USDT from another exchange or your wallet to your Bitrue account.

3. Navigate to the Futures Trading Page

Once your account is funded, go to the Futures section of the Bitrue platform. You can find the FRAX/USDT perpetual futures contract listed there. The interface is designed to be user-friendly, so you’ll easily find the pair.

4. Choose Your Position and Set Leverage

Now, it’s time to decide on your position. You can choose to go long if you believe the price of FRAX will rise, or short if you think the price will fall. Bitrue allows you to select your desired leverage, ranging from 1x to 100x, depending on your risk tolerance.

5. Place Your Order

After setting your leverage and position, place your order. You can select from various order types such as market orders or limit orders. A market order will execute immediately at the current price, while a limit order allows you to set your price for the trade.

6. Monitor Your Trade

Once your order is live, you can monitor its performance directly on the Bitrue platform. You’ll be able to see real-time updates on price movements, your position’s profit and loss, and any funding fees associated with your contract.

7. Close Your Position

When you’re ready to exit the trade, simply close your position. You can do this at any time, as long as you meet the margin requirements.

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A Short Note for Active Traders

Registering on Bitrue is straightforward:

• Create an account using your email
• Complete basic verification
• Deposit funds and start trading.

If you haven’t signed up yet, now is the perfect time to start trading on Bitrue. With a user-friendly interface, low fees, and a secure platform, it’s one of the best places to trade cryptocurrency futures. 

Conclusion

Trading the new FRAX/USDT perpetual futures on Bitrue is an exciting opportunity to gain exposure to the cryptocurrency markets. By following the simple steps outlined in this article, you can easily start trading and make the most of your investment. With Bitrue’s secure platform and the flexibility of perpetual futures, you’ll be well-equipped to navigate the dynamic world of crypto trading.

FAQ

What is FRAX?

FRAX is the native gas token for the Fraxtal blockchain, designed to offer scalable and efficient solutions for decentralized applications.

What is a perpetual futures contract?

A perpetual futures contract is a type of derivative that allows you to speculate on an asset’s price without an expiration date, offering leverage and the ability to profit from both rising and falling markets.

How do I place a trade on Bitrue?

To place a trade, log into your Bitrue account, deposit funds, navigate to the Futures section, choose your position, set leverage, and place your order.

What are the fees associated with trading perpetual futures on Bitrue?

Bitrue charges a trading fee that varies depending on your position and leverage. Funding fees are also applied to perpetual futures contracts at regular intervals.

Is Bitrue’s platform secure?

Yes, Bitrue employs advanced security measures, including 2FA, cold storage, and 24/7 customer support to ensure your funds are safe.

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.