Megabit Beginner’s Guide

Introduction to Megabit Exchange

Megabit is a leading global digital asset derivatives trading platform, equipped with regulatory licenses for digital currency trading and financial derivatives operations. Developed and operated by a professional international blockchain team, Megabit boasts extensive experience in trading systems, risk control, settlement, and security management. Megabit adheres to a compliant, professional, and user-friendly operational philosophy, dedicated to providing global users with secure, stable, and convenient digital asset trading services.

Since its establishment:

•Product Iteration: Launched various trading products, including perpetual contracts and spot trading.

•Operational Innovation: Formed strategic collaborations with multiple leading communities to promote consensus and build an ecosystem.

•Brand Building: Entered into strategic partnerships with top global media to drive market brand development.

•User Growth: Users span over 20 countries, including North America, Europe, and Asia-Pacific, with over 1.2 million registered users.

Contract Types

Perpetual Contracts

The most popular contract trading feature on the market, known for its strong resistance to volatility and high market depth. Supports leverage adjustments from 1x to 200x and flexible margin unit switching.

Contract Opening Modes

•Cross Margin Mode

Definition: All positions share margin and floating profits and losses, with all account assets, including opening margin, acting as floating margin.

Risk: Strong risk control, but may exceed loss expectations during extreme market fluctuations.

Note: Without stop-loss settings, when the margin rate ≤ 100%, forced liquidation or liquidation will occur. When holding orders, positions in the same currency cannot be switched to isolated margin mode.

•Isolated Margin Mode

Definition: Each order is independently calculated for profit and loss. An order will be forcibly closed if the principal loss reaches the maximum stop-loss point; it will be automatically closed if the profit reaches the maximum take-profit point.

Note: When margin is insufficient to cover floating losses, the position will be forcibly closed. When holding orders in the same currency, positions cannot be switched to cross margin mode.

Order Types

•Market Order

Definition: Executes trades at the best available market depth. Leveraging Megabit’s high-quality depth, orders are matched instantly upon submission.

•Limit Order

Definition: Users set their own limit prices; orders will be executed when the latest price meets or exceeds the limit price.

Take-Profit and Stop-Loss

Take-Profit and Stop-Loss Settings

•By Price: Triggered when the market price reaches the take-profit/stop-loss price.

•By Percentage: Triggered when the profit/loss reaches the preset take-profit/stop-loss percentage.

Notes:

•In cross margin mode, if no stop-loss price is set, when the contract position’s margin rate ≤ 100%, forced liquidation or liquidation will occur. Positions in the same currency cannot be switched to isolated margin mode.

•In isolated margin mode, if the margin is insufficient to cover floating losses, the position will be forcibly closed. Positions in the same currency cannot be switched to cross margin mode.