Bittam Terminology

Currently, Bittam offers perpetual contracts for futures trading in BTC, ETH, LTC, EOS, and XRP, supporting up to 200x leverage. Traders only need to deposit a small amount of capital as collateral for contract performance, based on a percentage of the contract price, to participate in contract trading.

Related Terminology Explanation:

1. Account Deposits, Withdrawals, and Profit/Loss Settlement Currency

Bittam accepts deposits in BTC, ETH, USDT (ERC-20), USDC, and XRP, and also allows withdrawals in these currencies.

Margin, profits, and losses will be calculated in USDT.

2. Opening & Closing Positions

Opening a position is placing an order and holding it for profit; closing a position is placing a reverse order on a previously placed trade.

3. Negative Balance

The maximum loss is limited to the trading account balance. If the account balance is negative, the system will automatically reset the account balance and any bonuses to 0.

The balance in your wallet will not be included in the margin for your positions and will not result in any loss. 

4. Balance

Total funds in your trading account (excluding floating profit and loss).

5. Net Worth

Current total funds in your account.

Net Worth = Balance + Bonus + Floating Profit and Loss

6. Bonus

Total bonuses awarded to customers participating in promotional activities or as rewards.

7. Margin

The margin used on our platform and in mainstream cryptocurrency futures trading is the funds available to buy limit-up or limit-down contracts; it is the total funds available for opening positions.

8. Available Margin

The total amount of margin available for opening positions.

9. Used Margin

"Used Margin" refers to the amount of funds used in your margin trading account for opening and maintaining positions. This value is calculated based on position size and leverage used.

10. Margin Level

Margin Level = Net Worth / Used Margin.

When the margin ratio is <= 30%, your positions will be forcibly liquidated.

11. Floating Profit/Loss (Floating p/l)

Unrealized floating profit/loss on open positions.

12. Forced Liquidation

When the floating loss of a position reaches a certain percentage, the platform will force the sale of the contract to protect traders.

When the margin ratio is <= 30%, the position will be automatically liquidated.

13. Bittam Price Index

The Bittam price index is calculated based on weighted data from five major global exchanges. View the trading rules for more details.