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

Are you looking to diversify your trading portfolio and explore new opportunities in the crypto space? If so, trading the new OWL/USDT perpetual futures on Bitrue might just be the perfect opportunity for you! Owlto Finance (OWL) is an AI-powered interoperability protocol that’s making waves in the crypto ecosystem, and now you can trade OWL/USDT perpetual futures with ease.

In this guide, we will take you through everything you need to know about trading OWL/USDT perpetual futures on Bitrue, from getting started to understanding how these futures work. Whether you're a seasoned trader or new to the world of crypto, this article will guide you step-by-step through the process.

Key Takeaways:

• What is OWL/USDT Perpetual Futures? OWL (Owlto Finance) is a cross-ecosystem liquidity protocol designed for efficient cross-chain transfers, and now available for perpetual futures trading.
• How to Get Started: Learn how to register, deposit funds, and start trading the OWL/USDT perpetual futures contract on Bitrue.
• Security: Bitrue offers a secure trading platform with advanced safety features to protect your funds.

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 Owlto Finance (OWL) and Perpetual Futures

Before we dive into the details of how to trade OWL/USDT perpetual futures on Bitrue, let’s first understand what Owlto Finance (OWL) is and how it fits into the larger crypto landscape.

OWL is a token associated with Owlto Finance, an AI-empowered interoperability protocol. The main goal of Owlto Finance is to provide cross-ecosystem liquidity expansion, scalability, and fast, low-cost, secure cross-chain transfers and transactions for native tokens, stablecoins, and real-world assets (RWAs). 

In short, Owlto Finance enhances the usability and reach of various cryptocurrencies by facilitating seamless transfers across different blockchain ecosystems.

OWL’s contract address is: 0x51e667e91b4b8cb8e6e0528757f248406bd34b57.

Now that we have a basic understanding of OWL, let’s explore the perpetual futures contracts available for trading on Bitrue.

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How to Trade OWL/USDT Perpetual Futures on Bitrue

Ready to dive into trading? Here’s a step-by-step guide on how to start trading OWL/USDT perpetual futures on Bitrue.

1. Sign Up or Log In to Bitrue

To get started, visit the Bitrue website and either sign up for a new account or log in to your existing account. If you don’t already have an account, the registration process is quick and easy.

2. Deposit USDT to Your Account

You’ll need USDT (Tether) to trade OWL/USDT perpetual futures, so make sure to deposit USDT into your Bitrue account. You can deposit USDT from any wallet or exchange to your Bitrue wallet.

3. Navigate to the Futures Trading Section

Once your account is funded, go to the Futures tab on Bitrue’s platform. Here you’ll find a variety of futures contracts, including the newly launched OWL/USDT perpetual futures.

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4. Select Your Position and Set Leverage

Now that you’re in the right section, choose OWL/USDT as your trading pair. You can then decide whether you want to take a long position (buying OWL in anticipation that its price will rise) or a short position (selling OWL in anticipation that its price will fall). Bitrue offers leverage from 1x to 100x, depending on your risk tolerance.

5. Place Your Order

After selecting your position and setting your leverage, place your order. You can use either a market order, which will execute immediately at the current price, or a limit order, where you specify the price at which you want to enter the market.

6. Monitor Your Trade

Once your order is live, you can monitor its progress. You’ll be able to see the real-time price of OWL, your profit or loss, and the funding fees that apply to your perpetual futures position.

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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Why Choose Bitrue for Trading OWL/USDT Perpetual Futures?

Bitrue offers a secure crypto trading platform with a wide range of features for both beginner and advanced traders. Here’s why Bitrue is a great choice for your trading needs:

• Advanced Security: Bitrue uses two-factor authentication (2FA) and cold storage for enhanced security of your funds.
• User-Friendly Interface: The platform is easy to navigate, with real-time updates on your positions and a simple process for placing orders.
• Low Fees: Bitrue offers low trading fees, allowing you to keep more of your profits.
• 24/7 Support: If you ever need assistance, Bitrue offers round-the-clock customer support to help resolve any issues quickly.

If you haven’t registered yet, now is the perfect time to get started with Bitrue! 

Conclusion

Trading OWL/USDT perpetual futures on Bitrue is an exciting way to participate in the growing world of cryptocurrency trading. By following the steps outlined in this guide, you can start trading these futures contracts and take advantage of both rising and falling market conditions. 

Bitrue’s secure platform, combined with the innovative features of Owlto Finance (OWL), makes this a fantastic opportunity for both new and experienced traders.

FAQ

What is Owlto Finance (OWL)?

OWL is the native token of Owlto Finance, an AI-powered interoperability protocol that enables cross-ecosystem liquidity and scalability for various assets.

What are perpetual futures?

Perpetual futures are contracts that allow traders to speculate on the price movements of an asset without an expiration date. They offer 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 USDT, navigate to the Futures section, choose the OWL/USDT pair, select your position and leverage, and place your order.

What is the contract address for OWL?

The contract address for OWL is: 0x51e667e91b4b8cb8e6e0528757f248406bd34b57.

Is Bitrue’s platform secure?

Yes, Bitrue uses 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.