Trading
How to trade on BLEX?
BLEX trades based on Smart AutoBet Model, with virtual synthetic assets as the trading target. After users pledge the collateral, the protocol automatically calculates the odds based on the long/short index price movements ratio and settles the corresponding profit/loss from the collateral.
You need to deposit USDT in the corresponding network and wallet to better implement trading strategies in BLEX (the use of funds is completely controlled by individuals, and there is no custody relationship, so there is no need to worry about custody risks).
Go to BLEX website
Find Trade Board
Select a trading pair on the home page or click "Trade" at the bottom to enter the trading board.
The use of funds is completely controlled by users and there is no custodial relationship, which means no custodial risk during your trading on BLEX.
Open a Position
Taking ETH/USD as an example, BLEX will directly mark the index price through oracle and provide user-friendly charts.
On the "Trade" page, you can choose between two basic strategies: Long or Short. After anchoring the price you have determined, you can bet the appropriate amount of collateral (collateral is only supported in $USDT) and set leverage. The protocol will automatically calculate the appropriate fees.
Sign and Authorize
Due to the nature of the decentralized network, signature authorization is required to interact with BLEX during the opening of a position, as the wallet and assets are owned by individuals. Of course, the same is true when closing a position.
Manage positions
On BLEX, it's very easy for you to open long positions and manage them. For example, if you go long on ETH/USD and short on BTC/USD at the same time, you will be able to see your position information, including executed positions, outstanding orders, and trading history on the Trade page:
Close a Position
You can directly click the "Close" button in the "Positions" section to settle all or part of your unrealized P&L.
Of course, you can also set a limited price to settle all or part of your unrealized P&L. The green numerical part is your unrealized profit or loss.
Congratulations! You have successfully mastered the entire trading process of BLEX Protocol. Open BLEX Protocol now and start trading!
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