[Introduction to Contracts]-How to conduct contract transactions (APP version)

Currently U-Net APP supports contract transactions, click me to learn how to download U-Net APP

About how to deposit:

→Click to learn how to make OTC deposits

→ Click to learn how to withdraw coins on the chain to U network

Concept article:

An article to understand what a contract is and an explanation of related price terms

Before trading, please make sure that your perpetual contract account has been transferred assets:

Click me to see how to transfer assets to perpetual contract account

How to conduct contract transactions (APP version):

Step 1: Enter Umifi mobile APP, select "Contract" below to enter the transaction page

Step 2: Choose a trading pair

At present, U-net contracts support contracts in both the positive and negative directions of " coin-based" and "USDT-based"

If your account currently holds USDT assets , please select a USDT-based contract and select the corresponding currency for trading

If your account currently holds BTC, ETH, EOS assets , please select the currency-based contract of the corresponding currency to trade

(  Currency standard: 1 card=1USDT                         USDT standard: 1 card=0.001BTC/0.01ETH/1EOS )

Step 3: Click the icon on the upper right to enter the trading pair details page, where we can view the real-time K-line of the contract, and the 10 orders of the trading order can be viewed on the clicked page

-》Click "Buy/Long" or "Sell/Short" below to return to the trading page

(Please note that the contract price is independent of the prices of other transactions. This method is the only way to view the current contract trading K-line!)

 

Step 4: Choose the leverage ratio

The U network contract platform currently only supports "wide position leverage", and the supported leverage ratio is 1 to 100 times .

(Please note that the greater the leverage ratio you choose, the higher the return, but the higher the risk you bear . Please choose the ratio carefully according to your actual position to avoid liquidation losses due to excessive market price fluctuations.)

Step 5: Choose how to place an order

You can choose the following five ways to place an order for trading : "Limited Price/Market Price/ IOC/Planned Order/Planned Order-Market Price"

Click to understand what is market price trading and limit trading

Step 6: First select "Open Position"

-" Then select "Buy/Sell"

-"Select " Limit Price or Market Price"

Limit trading means you set a price to sell yourself. When the market price reaches the price you set, the transaction will be executed, so after clicking the limit order, it will appear in the limit order below. Wait for the order to be sold before it will appear in the current position.

Market price transactions do not need to enter the price, and the transaction will be executed immediately at the best market price

2. Below you can select the quantity according to the position ratio

The "25%" below the quantity refers to the percentage of the position. For example, there is a total of 100USDT in the account. Selecting 25% means that 100USDT can buy 25% of the number of contracts. The corresponding number of sheets will be displayed in the quantity box.

-"Click "Buy to open long/sell to short" to complete the position opening

Buying open long means opening long, which means buying up. You make money when the currency price rises.

To sell and open short is to open short, which is to buy down. You make money if the price of the currency falls.

After opening a position, it will not appear in the current position below until the order is traded. If the order is not traded, it will appear in the current order list.

Step 7: After opening a position, you can view the pending orders currently entrusted in the "Entrusted Management Area" at the bottom , and you can also " cancel" uncompleted orders here.

If your pending order has been filled, you can see it in the "Position" column at the bottom of the trading area

Step 8: Set up stop-profit and stop-loss

(Please note that take profit and stop loss can only be set in the case of open positions)

-"First, we click "Take Profit" or "Stop Loss" to pop up a new interface

-》Then we can select "market price" and enter "stop profit/stop loss price" and "quantity" . At this time, the system below will automatically calculate your expected return on liquidation, which is convenient for you to judge

-"Then click "Take Profit/Stop Loss" to complete the setting, and the transaction can be completed automatically when the system fluctuates to the price you set.

Step 8: Closing the position

Closing a position refers to selling your current position in order to obtain profit. Therefore, we recommend that users choose the "market price" to close the position manually

-》Click "Close Position" , a new interface pops up

-"Select "market price" and enter the "quantity (pieces)" that needs to be closed

-》Then click "Close Position " to complete the transaction immediately and close the position to obtain income

What should I do if I have a problem?

Click here to see how to contact Unet customer service

Warm reminder, beware of false customer service
1). Please do not provide account password, SMS, Google verification code, WeChat and bank card passwords to anyone, including Umifi exchange customer service
2). Please look for the official website: umifi.com
3). Click on the unofficial link to
prevent computer poisoning information from leaking 4). Umifi exchange staff will not ask you to transfer payment

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