Please note: This article describes only the most common features of BitMake and not all of them. This article is only an overview and should not be taken literally. We recommend that you read through all of our documentation to understand all of BitMake's features.
You will see your Total Value , Wallet Account and Main Account on your Overview page.
Tap the [Wallet Account], then tap the [Balance Overview] to enter the balance overview page, click on the "Search" icon to find the Token on the wallet page, enter the name of the Token you want, or browse the list of Tokens.
Web-side: You should note that if you have checked the 【Hide 0 Assets】box, no Token will be displayed and you will have to enter the Token name.
1.1 Wallet Balance
You can see the details of the Token held in your wallet on the "Total" and "Available" pages.
- Total:The balance you have.
- Available: You have a balance available for open positions or orders.
If you want to hide the zero balance currencies in your wallet, check the [Hide 0 Assets] box.
1.2 Deposit / Withdrawal
Tap [Deposit] to deposit your Tokens, and the webpage will show the blockchain address where you can send your pass. To withdraw your coins, tap [Withdraw] and enter your details.
BitMake does not charge any deposit fees.
BitMake's Convert feature is the easiest and most convenient way to trade between currencies. If you have a small balance in your Trade Account and would like to convert it to USD, you can tap [Convert Small balance to USD] and you will see the conversion details. If you want to confirm the conversion, you only need to tap [Convert]. There are no fees for the conversion!
1.4 USD Stable Coin
BitMake uses positive USD settlement and the default profit and loss will be displayed in USD. You can withdraw or trade a basket of USD stablecoin USD from your USD stablecoin wallet.
- BitMake does not consider Tether (USDT) to be part of the USD stablecoin basket, but we do support USDT deposits and withdrawals. You can find the USDT wallet within your wallet and deposit/withdraw via the ERC20 or TRC20 blockchain.
2.1 The Market page is the easiest way to access all of BitMake's products.
Tap each option to see all the market quotation BitMake has to offer. We have all the information available, including perpetual contracts and spot trades.
When you click on the star icon next to the market quotation, the option will be added to your favorites. Clicking on the star icon at the top will list the market quotation you want to watch the most. In other words, the market quotation you want to watch will be preceded by the first line marker. You can use this feature on the Market page and Spot trading page!
Once you have decided which product you want to trade, visit the market quotation page and find the product. Below you will find an example of the contract transaction
3.1 Place a commission order
When using an order, you can choose sell/buy and set the price, along with the amount of BTC to be sold or bought.
If you choose to use limit orders, then tap the following chart TP/SL you can place limit orders, stop-loss orders and take-profit orders.
BitMake uses USD forward pricing and a cross margin model, which can be achieved by creating sub-accounts if isolated margin model is required.
3.2.1 Settlement of profit and loss in USD
All BitMake contracts are denominated in USD, i.e. if you buy 2 contracts at 9,000 USD and sell them at 9,150 USD, your profit is 2 * (9150 - 9000) = $300. All contracts are denominated in the target token. Therefore, 1 BTC-perpetual contract represents one bitcoin. Similarly, if you sell 3 ETH-perpetual contracts at 200USD and buy them back at 210USD, you will lose 30USD.
3.2.2 Multi-Currency Margin
You can also use other non-USD coins available for margin on BitMake as contract margin. Assuming you have 0.005 ETH as margin and buy 0.001 BTC-perpetual contracts at 20,640USD and sell them at 20,500USD, you will lose 0.0397USD in profit/loss, but will not pay any USD and will have ETH available.The account balance will show 0.005 ETH and 0.0397USD, but the available ETH balance will be reduced and you will need to manually sell 0.0397USD equivalent ETH for USD to settle your gain/loss.
You can mix and match margin assets as you wish using a combination of USDT, BTC, ETH and other tokens. You can allocate as much as you want, and you are no longer limited to using BTC or USDT as margin. You can hold your funds in the type of token you want.
3.2.3 Cross Margin Model
By default, you can buy and sell all contract products on BitMake without segregating funds.BitMake will automatically use all of your margin to support all of your positions. If you make a profit or loss on any position, the amount of profit or loss will be counted automatically.
This means that you don't have to manage different wallets/different currencies/different clearings, because your entire portfolio can be managed automatically.
3.2.4 Sub Accounts
However, if you wish to differentiate between positions, you can do so by using sub-accounts. Each sub-account can be fully set up with separate margins, profit and loss, etc., so you can have some funds in one sub-account for one position and other funds in another sub-account for another position. This approach gives you complete control: you can combine or separate your trades according to your preferences.
You click here to set up a sub-account. On the corresponding page you can also transfer margin between sub-accounts.
If you wish to switch between sub-accounts or change the product you are trading, the easiest way is to use the sub-account field on the market quotation page.
3.2.5 Settlement Risk
Leveraged trading is at your own risk! You can check the status of your account in real time using the information box on the trading page.
Your Total Margin is the total value in USD of all margin currencies in your account. Your available margin is the amount after deducting the margin being used for the position. So, let's say I have 6286USD worth of assets and I am using 1682USD of those assets as margin, leaving 4604USD available for other untraded positions.
Your leverage is the number of positions you have divided by your margin. For example, if my position is approximately 9,000 USD and my margin is only 3,000 USD, my leverage would be approximately 3.33 times. Your margin rate is only 1/leverage: the value of your account divided by the number of positions. Your maximum position leverage refers to the maximum multiple of leverage you can have. You can adjust it up or down using the slider bar. It should be noted that this action does not issue any orders or change your existing risk profile, but only changes the maximum risk you can face. Finally, your maintenance margin requirement refers to how high your margin rate should be to avoid liquidation. If your margin rate falls below the maintenance margin rate, the positions in your account will be forced to close by BitMake's risk engine.
It should be remembered that within a sub-account, BitMake will add your total margin and the total number of positions for all contracts. If you are interested in diversifying your risk, you should use a separate sub-account to separate your positions.
It should be noted that unlike many exchanges, BitMake will update your margin in almost real time: usually with a delay of 30 seconds or less. Therefore, if you make a profit, the USD will show up in your wallet in almost real time. You can use this amount to open additional positions, buy additional tokens, or withdraw. The only exception is that our platform does not show profit and loss until no one has been forced to close.
3.3 k-line chart indicators and functions
By default, BitMake uses the TradingView graphic on the official website. You can edit the graph settings, place and change orders, and customize how the graph is displayed. You can access the graph settings page by clicking on the gear at the top right of the graph.
3.4 Spot Trading Market
BitMake also has a spot trading market! Users can trade in the spot trading area, leveraged token, BTC and other major pairs. The spot trading interface is similar to the contracts except that there is no contract margin involved.
- Customized UI/UX
There are several ways to customize the BitMake market quoation page!
First, you can unlock the page layout by clicking on the Settings cog in the upper of the trading page, where you can drag and drop all the boxes to rearrange the order entry form, order information, etc. In addition, you can find more options to customize your settings by clicking on the Settings cog in the upper right corner.
We recommend that you review all the settings and choose the configuration you like best!
- Account & Security
Your account settings including security, referrals, fees,etc.
You can change your password and other security settings on your profile page.
The most important thing is that dual authentication will be enabled for your account. Although you can also use email, we recommend using Authy/Google Authenticator (Google Authentication). Before BitMake can operate and deposit, you must authenticate. You will be presented with a QR code and a string of 16 characters, both of which are equivalent, as the secret key for your dual authentication. After entering any common double verification application (e.g. Google double verification), you will get the QR code.
BitMake has the new apps for both Android and iOS!You can click here to download it.
We care about every user's experience!
BitMake was created by traders and for traders. Thank you for your support and trust in BitMake!