Posts

BitTap Liquidation and Forced Liquidation Risk Control Explanation

Image
On the BitTap futures trading platform, liquidation and forced liquidation are crucial processes for risk management. To protect users’ funds, BitTap has designed a series of risk control measures to handle extreme market conditions, reduce the risk of forced liquidation, and ensure transparency and stability in trading. Below is a detailed explanation of BitTap’s liquidation and forced liquidation risk management: 1. Liquidation Mechanism Liquidation refers to the process in which traders settle or close their held contracts after opening a position. Liquidation can result from either manual actions, such as a user choosing to liquidate to realize profit or stop a loss, or automatic actions by the platform under certain conditions (such as triggering forced liquidation). The liquidation mechanism at BitTap is designed to ensure traders close their positions at the right time to avoid further losses. 1.1 Voluntary Liquidation Users can voluntarily liquidate their positions based on mar...
Post a Comment
Read more

How to Calculate Token Profit and Loss in BitTap Spot Trading

Image
When trading on BitTap, understanding how to calculate your token profit and loss is an essential part of your investment strategy. Calculating profit and loss helps you assess the performance of your investment and decide whether to hold or sell your crypto assets. Below are the steps for calculating token profit and loss in spot trading: 1. Determine the Buy Price The buy price is the price you paid when you first purchased the tokens, including any trading fees. To calculate profit and loss accurately, you need to note: · Buy Price : The price per unit of the token. · Trading Fees : BitTap’s trading fees, usually a percentage fee for maker or taker orders. Formula : Total Buy Cost = Buy Price × Buy Quantity + Trading Fees 2. Determine the Sell Price The sell price is the price at which you sell your tokens on the market, also including trading fees. To calculate profit and loss, you need to note: · Sell Price : The price per unit of the token at which you sold. · Trading Fees : B...
Post a Comment
Read more

BitTap Spot Trading Limits and Rules

Image
1. What are the minimum and maximum limits for spot trading? In BitTap’s spot trading, the platform sets minimum and maximum trading limits for each trading pair to ensure smooth execution of trades. · Minimum Trading Limit : Each trading pair has a minimum trading amount requirement. For example, the minimum trading limit for certain pairs may be 10 USDT. If the order submitted is below this limit, it cannot be executed. · Maximum Trading Limit : The maximum trading limit for each trading pair varies depending on market liquidity. For example, for some trading pairs, the maximum amount you can trade in a single transaction may be 500,000 USDT. 2. What are the submission ranges for limit orders? Limit orders require users to set a buy or sell limit price, and the order will only be executed when the market price reaches or surpasses the set price. To ensure fair trading and market stability, BitTap imposes the following restrictions on limit orders: · For standard trading pairs, limit ...
Post a Comment
Read more

BitTap Spot Trading Financial Services Agreement

Image
To protect the rights and interests of users on the BitTap platform and to ensure legal and compliant trading, BitTap has established this Spot Trading Financial Services Agreement. This agreement outlines the rights, obligations, and related rules for users engaging in spot trading on the platform, ensuring that all trades are conducted in a fair and secure environment. Below is an overview of the key provisions of the BitTap Spot Trading Financial Services Agreement: 1. General Provisions This agreement sets forth the rights and obligations between the user and BitTap. Users are required to carefully read and understand the content of this agreement before using BitTap’s spot trading services. By registering and using the BitTap platform, users agree to comply with all the terms of this agreement. 2. User Eligibility · Users must be at least 18 years of age and possess full legal capacity to engage in spot trading on the BitTap platform. · Users must comply with the laws and regulati...
Post a Comment
Read more

BitTap Referral Champion Program Introduction

Image
The BitTap Referral Champion Program is a promotional activity designed to reward users for referring friends to register and trade on the platform. By joining this program, users can earn generous commissions and cash rewards by inviting new users to register and trade on BitTap. Below are the detailed guidelines for this program: Referral Champion Benefits 1. Receive a cash reward of $5-$10 for every successful referral of a new user. 2. By joining the Referral Champion Program, users will receive commission rebates on invited users’ trades for one year. 3. A dedicated business development (BD) representative will contact you for partnership inquiries and platform collaboration. 4. Enjoy the opportunity to receive limited edition BitTap merchandise. 5. Achieve Black Gold Champion status and qualify for a 60% commission rebate. How to Participate 1. Register on the BitTap platform and generate your unique referral link or invitation code through the “Invite Friends” page. 2. Share yo...
Post a Comment
Read more

BitTap Quick Buy Crypto Frequently Asked Questions

Image
1. What is the BitTap Quick Buy Crypto feature? The BitTap Quick Buy Crypto feature is an integrated platform that utilizes third-party payment services. By connecting with Banxa, users can quickly and securely purchase cryptocurrency using credit or debit cards. 2. How to use the Quick Buy Crypto feature to purchase cryptocurrency? 1. Log into your BitTap account. 2. Select “Quick Buy Crypto” from the navigation bar. 3. Choose the cryptocurrency you want to purchase and select the payment method (Banxa). 4. Enter the purchase amount and the receiving wallet address. 5. Follow the instructions to complete the payment process. 6. Once the transaction is completed, the purchased cryptocurrency will be directly sent to the wallet address you provided. 3. What is a crypto onramp? A crypto onramp is a payment gateway that allows you to convert traditional currency (often referred to as fiat currency) into cryptocurrency, such as Bitcoin or Ethereum. Onramps provide an easy way to access c...
Post a Comment
Read more

BitTap Coupon Introduction and Usage

Image
1. What is a BitTap Coupon? BitTap coupons are discount tools provided by the platform that users can earn through participating in activities, completing tasks, or engaging in specific trades. Coupons can be used to offset trading fees, enjoy discounts, receive cashback, and other specific benefits, making your trading more cost-effective. 2. Types of BitTap Coupons 1. New User Bonus Coupons : Special contract experience coupons for new users, helping beginners reduce initial contract trading costs. 2. Trading Fee Deduction Coupons : These coupons allow users to deduct a certain percentage of trading fees, lowering the overall trading costs. 3. Cashback Coupons : After usage, a portion of the trading amount is refunded directly to your account, increasing your trading returns. 4. Exclusive Discount Coupons : Enjoy discounts on specific currencies or trading pairs, ideal for active users or large-volume traders. 3. How to Obtain BitTap Coupons 1. Complete Tasks : By registering, comple...
Post a Comment
Read more

BitTap Tiered Fee Structure

Image
Deposit Fees Depositing cryptocurrency on the BitTap platform is free, and the platform does not charge any fees. If you would like to know the specific fees or rates for fiat deposits, you can visit the Deposit & Withdrawal Fees page or the Deposit page for detailed information. BitTap Tiered Fee Structure BitTap offers a flexible tiered fee structure designed to provide users with more favorable trading fees. As trading volume and positions increase, users can enjoy lower fee rates. You can view detailed discount information below: 1. What is the Tiered Fee Structure? BitTap provides standard trading fees for regular users, with a base fee of 0.1% for both spot and futures trading. VIP users can enjoy lower rates, with the specific rate adjusted according to their VIP level. 2. Fee Tier Classification BitTap’s fee tiers are determined based on the user’s futures/spot trading volume and asset holdings. Users can advance to higher tiers by meeting one of the three criteria. Detai...
Post a Comment
Read more

How is profit and loss calculated for BitTap futures?

Image
1. Realized Profit and Loss Realized profit and loss represent the gains or losses a user incurs after closing a position. The formula is as follows: Realized Profit and Loss = (Closing Price — Opening Price) × Contract Quantity Example : · If you open a long position of 1 BTC contract at 50,000 USDT and close it at 60,000 USDT, the realized profit and loss is: Realized Profit and Loss = (60,000–50,000) × 1 = 10,000 USDT 2. Unrealized Profit and Loss Unrealized profit and loss are the estimated gains or losses based on the current market price for an open position. The formula is as follows: Unrealized Profit and Loss = (Current Market Price — Opening Price) × Contract Quantity Example : · If you open a long position of 1 BTC contract at 50,000 USDT, and the current market price is 55,000 USDT, the unrealized profit and loss is: Unrealized Profit and Loss = (55,000–50,000) × 1 = 5,000 USDT 3. Other Factors · Leverage : Leverage does not change the method of calculating profit and loss,...
Post a Comment
Read more

BitTap Futures Listing and Delisting Statement

Image
To ensure user experience, platform stability, and the quality of futures products, BitTap periodically reviews and adjusts its futures offerings. To maintain market activity and fair trading, we will regularly list or delist futures products based on market performance, user demand, and other comprehensive factors. 1. Futures Product Listing Statement BitTap is committed to providing users with a wide variety of trading options by continually launching new futures products to meet the global trading needs. The specific process and conditions for listing futures products are as follows: 1.1 Listing Conditions · Market Demand : BitTap will regularly assess the market potential of cryptocurrencies and futures types based on user demand and feedback to ensure that listed futures products have sufficient market interest. · Project Qualification Review : The platform will conduct a thorough qualification review of new futures products, including but not limited to the project’s background, ...
Post a Comment
Read more

What are Crypto AI Agents?

Image
AI is changing the way we live and work, and it has already made a major impact in the crypto sector. AI coins are quite literally the hottest crypto coins in the world right now. However, its the infiltration of AI agents in crypto that will be the main topic of the article today. If you’re curious about AI agents but don’t know where to start, this guide will break it down for you in simple terms. What Are AI Agents? AI agents are smart programs that can help with everything from trading to creating digital art. Think of them as a digital assistant that can gather information, make decisions, and take actions. These agents use advanced technologies like machine learning or large language models (LLMs) to learn and improve over time. Their ability to process vast amounts of data and make decisions quickly makes them valuable in the fast-paced crypto ecosystem. AI agents can support you in areas like interactive NFTs, blockchain transaction management, and security monitoring, empower...
Post a Comment
Read more

BitTap USDT Recharge Using Different Networks

Image
What is USDT? USDT (Tether USD) is a stablecoin issued by Tether, pegged to the US Dollar (USD), where 1 USDT typically equals 1 USD. It allows users to exchange 1:1 with USD in the cryptocurrency market and has been issued on multiple blockchain networks, enabling users to recharge and withdraw USDT through different networks. Currently, USDT is issued on various blockchains, such as Omni, Ethereum (ERC-20), and TRON (TRC-20). Each network has different features for recharging and withdrawing, so users need to choose the appropriate network on the BitTap platform for USDT transactions. 1. USDT-Omni (Bitcoin Network) USDT-Omni is issued on the Bitcoin blockchain using the Omni Layer protocol. This type of USDT recharge and withdrawal is processed through the Bitcoin network, resulting in slower transaction speeds and higher fees. · Features : Slow transaction speed, high fees, linked to the Bitcoin blockchain. · Use Case : Suitable for users who need to operate on the Bitcoin network. ...
Post a Comment
Read more

How to Recover Cryptocurrency Transferred to the Wrong Blockchain on BitTap?

Image
If you mistakenly deposit cryptocurrency into the wrong blockchain on the BitTap platform (for example, sending USDT from an ERC-20 chain to BitTap’s TRC-20 address), the funds will not be automatically credited. In some cases, however, you may still have a chance to recover the funds. Here are the steps you can take and important things to keep in mind: 1. Check the Transaction Status Before taking further action, confirm the following: · Confirm the transfer was completed : Check your external wallet or exchange to verify if the transfer was successfully completed and obtain the transaction hash (TxID). · Blockchain Explorer Query : Use a blockchain explorer (such as Etherscan for ERC-20 or Tronscan for TRC-20) to check the status of the transfer and ensure that it has been confirmed on the blockchain network. 2. Contact BitTap Customer Support Once you confirm that the transfer occurred on the wrong blockchain, immediately contact BitTap’s customer support team. Provide the followin...
Post a Comment
Read more

BitTap KYC FAQs

Image
1. Why is identity verification required? Identity verification (KYC, Know Your Customer) is a necessary procedure used by financial institutions and regulated organizations to confirm a user’s identity. Through KYC, BitTap can assess user risk, ensure compliance and security, and prevent illegal activities such as fraud and money laundering. 2. How does identity verification affect my use of BitTap services? Unverified users have a daily withdrawal limit of 20,000 USDT and cannot use the “Quick Buy Crypto” feature. All BitTap accounts must complete KYC verification to make large deposits, trades, or withdrawals. 3. What is my daily withdrawal limit after completing identity verification? Once you complete KYC Level 1 verification, your daily withdrawal limit will depend on your VIP level. Below are the KYC 1 daily withdrawal limits for each VIP level: 4. What are the benefits of completing identity verification on BitTap? By completing KYC verification, you can: · Increase your daily ...
Post a Comment
Read more

BitTap KYC Personal Verification Rejection Reasons

Image
If your identity verification application was rejected, it may be due to one of the following reasons. Please address the relevant issue and make corrections to ensure your next submission meets the requirements. Twitter: https://x.com/BitTapGlobal Telegram: https://t.me/BitTapGlobal Medium: https://bittap.medium.com Discord: https://discord.com/invite/HxRhbWZXfw Instagram: https://www.instagram.com/BitTap_global/ Facebook: https://www.facebook.com/people/BitTap/61563935022355/ YouTube: https://www.youtube.com/@BitTapGlobal Linktree: https://linktr.ee/BitTap.com
Post a Comment
Read more

BitTap KOL Enrollment Program Description

Image
The BitTap KOL Enrollment Program is designed for content creators, industry leaders, social media influencers, and other Key Opinion Leaders (KOLs). The program aims to leverage your influence to promote the BitTap platform, helping both you and your community earn more rewards. By joining the KOL Enrollment Program, you can enjoy high commissions, exclusive support, and access to extensive marketing resources. 1. What is the KOL Enrollment Program? The KOL Enrollment Program provides influential individuals with the opportunity to earn commissions and other rewards by promoting the BitTap platform. As a KOL, you can promote BitTap’s products and services, invite your followers to register and trade, and earn substantial commission rewards in return. 2. How to Participate in the KOL Enrollment Program? Apply to Join : Visit the BitTap KOL Enrollment page and submit the application form. Your application will be evaluated, and the review process will be completed within 7 working da...
Post a Comment
Read more

BitTap Supported SMS Verification Countries/Regions

Image
Below is a list of countries/regions where BitTap supports SMS verification. You can use a phone number from any of these areas to complete SMS verification: Website: https://www.bittap.com/ Twitter: https://x.com/BitTapGlobal Telegram: https://t.me/BitTapGlobal Medium: https://bittap.medium.com Discord: https://discord.com/invite/HxRhbWZXfw Instagram: https://www.instagram.com/BitTap_global/ Facebook: https://www.facebook.com/people/BitTap/61563935022355/ YouTube: https://www.youtube.com/@BitTapGlobal Linktree: https://linktr.ee/BitTap.com
Post a Comment
Read more

BitTap Invitation Code Introduction and Instructions

Image
The BitTap Invitation Code is a promotional tool provided by BitTap, allowing users to invite friends to register and use the platform while enjoying referral rewards. Below is a detailed introduction and guide on how to use the invitation code: 1. What is the BitTap Invitation Code? The BitTap Invitation Code is a unique code or link that existing users can share to invite new users to register and use the BitTap platform. Both the new user registering with the invitation code and the referrer can earn rewards, such as trading rebates or bonus credits. 2. Invitation Code Reward Mechanism BitTap uses a universal incentive model, meaning: · Referrer Rewards : As long as the invited user completes registration and passes KYC verification, the referrer will receive a reward, typically in the form of a trading bonus or trading fee rebates. · Invitee Rewards : The new user who registers with the invitation code and completes KYC verification will also receive a reward, such as a contract ...
Post a Comment
Read more