BitTap

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...

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...

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 ...

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...

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...

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...

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...

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...

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,...

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, ...