How to Place a Market Order on BYDFi Futures (APP)

Overview

On BYDFi Futures, traders can open Long or Short positions using Market Orders or Limit Orders.

A Market Order executes immediately at the best available price, making it ideal for traders who want to enter or exit a position quickly.

You can select your leverage, specify your order size (in USDT or contract units), and choose whether to go Long (buy) or Short (sell).

How to Place a Market Order on the BYDFi APP

1. Go to the Futures Trading Page

Log in to your BYDFi account and navigate to the Futures tab.

Choose the desired trading pair (e.g., BTCUSDT, ETHUSDT).

2. Select Market Order Type

In the order type selector, choose Market.

Set your leverage by adjusting the slider or entering a custom multiplier (up to 200x, depending on the pair). Example: With 20x leverage, only 5% of your position value is used as margin.

3. Enter Order Details

Enter your order amount — you can toggle between USDT or the underlying asset (e.g., BTC, ETH).

4. Confirm and Execute

Choose your position direction: Long (Buy) — If you believe the price will rise. Short (Sell) — If you expect the price will fall.

A pop-up will confirm “Order Placed Successfully.”

Since this is a Market Order, it will execute immediately at the best available price.

Tips for Market Orders

• Use Market Orders for fast entries in volatile markets.
• Be mindful of slippage during periods of high volatility.
• Maintain sufficient margin balance to avoid liquidation.

Key Takeaways