TamilBTC x BitMart Futures AMA Recap

Tamil BTC
8 min readJul 21, 2022

Our Last AMA

⏰ Time: 15 July 2022, 05:30 PM IST

🗣 Location: https://tx.me/TamilBTC

💰 Reward: $100 Trading Bonus
($50 for Telegram live question and $50 for question from GG Form)
Gifts for the best questions from Telegram Community ✅

💥AMA will take place in 3 parts:

💬 Part 1: Questions and introductions for Guests.

💬 Part 2: Questions collected from Twitter .

💬 Part 3: People ask questions about BitMart Futures to guests directly (will choose 5 questions to reward).

📝 AMA rules:

👉🏻 Join the following groups and channels:
- BitMart Futures Telegram

-BitMart Futures Twitter

- Sign Up Bitmart Account

💬 Part 1: Questions and introductions for Guests.

Hello guys,nice to meet you all here,I am Bing, Community Executive for BitMart Futures . My role is to manage the social media of BitMart Futures, try to help solve any issues that users may have, and help promote BitMart Futures to users around the world. As a thank you for your participation, we are offering an exclusive reward for this AMA. Every one of you who attended the AMA will get a $5 trading bonus which can be redeemed by registering and activating your futures account through the AMA registration link. Once again, thank you for coming, and I hope you can learn more about the BitMart Futures trade today.

Give a brief introduction to BitMart?

BitMart Exchange is a premier global digital asset trading platform, ranking among the top 15 crypto exchanges on CoinGecko
Officially operated on March 15, 2018,BitMart currently has over 9,000,000 registered users, with the highest daily trading volume of about 7.3 billion US dollars.

Can you tell us about USDS-M futures contract and COIN-M futures contract ,How are they different? How do traders use these different contracts?

USDⓈ-margined contracts are contracts with margin of USDT, they are linear futures products that are quoted and settled in BUSD or USDT — stablecoins pegged to the value of the U.S. dollar.

Eg. I can deposit USDT and trade contracts of BTC, ETH or other cryptocurrencies with up to 100x leverage. USDT contracts are great as users can quickly make leveraged trades of any currency they like with USDT.

Which means if you deposit BTC, ETH and trade contracts against the USD with up to 100x leverage. Due to the non-linear nature of inverse contract pay-outs, it is much safer for traders to use COIN -M futures contract when shorting a cryptocurrency against USD.

By having both futures contracts, we have something for all traders to take advantage of during bullish and bearish market conditions. 📈📉

What is Hedge mode? @BitmartFutures

Alright about hedge mode …
In One-way Mode, you can only hold positions in one direction under one contract. For example, if you open a short position and anticipate that the price will go down in the longer timeframe, but in the meanwhile, you also want to open a long position for a shorter time frame, you won’t be able to open positions in both directions at the same time. Opening positions in both directions would result in canceling one another out.

In Hedge Mode, you can hold positions in both long and short directions simultaneously under the same contract. For example, you can hold both long and short positions of the BTCUSDT contract at the same time.

And I would like to say BitMart Futures is the good hedging venue for trader because On BitMart Futures, traders enjoy one of the lowest taker fees in the industry. The baseline fee structure charged by BitMart Futures please check here👇 https://support.bitmart.com/hc/en-us/articles/360043674813

In terms of market liquidity, BitMart Futures has quickly narrowed the gap with Bitmex. The narrowing spread indicates increasing liquidity on BitMart Futures’ perpetual markets. Thus, traders can transact orders efficiently with little to no impact on prices.

BitMart Futures allows traders to switch between the spot and futures markets easily and quickly. As such, it is easier for traders to conduct sophisticated trading strategies such as risk hedging and arbitrage. In periods of high volatility, these traders will move from spot to futures to capitalize on market movements. Thus, users can trade with optimal efficiency in both markets due to the deep liquidity and ease of moving capital between spot and futures.

💬Part 2 questions from twitter:

Q1 Bitmart have only minimal usage of customers compare than other exchanges. Is there any idea or new implementation to
@BitMartExchange more convenient to Users.

Bitmart Futures is good for traders as our trading platform is seamless and has deep liquidity. We’ve been upgrading and enhancing our platform to provide the best user experience and trading experience for everyone. And we have usd-M & coin-M futures contracts and hedge mode for all traders to take advantage of during bullish and bearish market conditions.

Q2 Currently, other exchanges often face a lot of legal difficulties in some countries that do not accept Cryptocurrency, So does @BitMart_Futures have advisors to solve this problem?

Yes we have our legal team that will address all related legal issues in the countries or jurisdictions we operate in.

Q3 Is your platform mean for only professional traders, and are there any planned education or features to help normal retail user become better and trading profitability with bitmart Futures?

If you want to learn more about BitMart Futures trading, you can check this link (https://support.bitmart.com/hc/en-us/sections/360007404674-User-Guide)for more information You can also join our Futures Club (https://t.me/BitMartFuture) if you want to learn more about future trading techniques, where many futures users share their trading experience and tips, as well as some trading knowledge. You can learn more here. Of course, if you are an experienced user and you run your own trading community, you can also join this club and sign up for the partner program to share your experience and build your profile.and we are offering “futures trading bonus,” which allows beginners to practice trading with low risk, learn how it works, set leveraging, set stop loss / take profit, and so on, and any profit (realized PNL) generated from trading bonus can be withdrawn. Refer to this link (https://support.bitmart.com/hc/en-us/articles/5751010251675-What-is-BitMart-futures-trading-bonus-and-how-does-it-work-) to learn more about trading tonus. and open futures account via link), to claim $5 welcome bonus right now

Q4 I want to ask that how to reduce risk management in futures because futures is not safe trading because many people lost money or liquid while spot trading can hold asset no chance to get liquid. How managed your portfolio in futures ? And how to do trade in index contract?

Risk is important for trading….Every investment consists of risk. We encourage our customers to do their due diligence and research on every project before make a trade On top of that, we have the trading bonus to cover your 50% loss. So, this is a good opportunity for you to learn how futures trading. And as what I mentioned just now ,By having usd-M & coin-M futures contracts and hedge mode, we have something for all traders to take advantage of during bullish and bearish market conditions.

💬 Part 3: People ask questions about BitMart Futures to guests directly (will choose 5 questions to reward).

  1. What the special from Bitmart futures? What things make Bitmart futures better than others?
  • BitMart has a global professional team with rich industry experience and top educational background throughout New York, Singapore, Hong Kong, and Seoul. The team includes technical experts from Silicon Valley and highly skilled compliance professionals.
    - As I mentioned earlier we have a variety of trading models and trading bonus that users can use to practice trading with low risk in bull and bear markets
    - And we have a stable system
    - In addition, we provide 24/7 customer service
  • How to get trading bonus to experience low risk bitmart futures trading? 👇
    🔥A $5 welcome bonus will be given to each user who signs up & activates futures via the AMA registration link.🔥 Up to $200 FTD (first-time deposit) bonus for each new user that activates & deposits in the futures account via the AMA registration link.

2. Hello BitmartFutures What are plans in for global expansion? Are you focusing on market at this time or focus on building and developing or getting customers and users, or partnerships?

BitMart is rapidly developing globally, with the SEA area being a main focus. We will collaborate to provide the community with additional trading perspectives and specific campaigns for various communities. We are entering the Southeast Asian market and will provide users with native services.

You can join BitaMrt Futures Club more info. Telegram : https://t.me/BitMartFuture

3.Marketing is a central element for every project so that everyone knows the potential that a project can bring is vital to achieving the goals set. What is your strategy to attract new users and Investors to your platform and keep them long term?

BitMart emphasize on community and keep growing and partnering quality communities. We recently launched an BitMart Futures Partner Program, which allows interested traders and people in the crypto space to become a BitMart Partner . If you have futrues trading related community, you may join this partnership program, there is no restrictions as long as you have communities can be invited to join BitMart and trading futures together. You can earn great commission incentives, prizes, and grow their community. If anyone wants to learn more about that, can check out via this link (https://www.bitmart.com/affiliate-apply/en)
As well as to expose more traders to futures trading,, we offer “Trading Bonus “for beginners to practice trading with low risk, learn how it works, set leveraging, set stop loss / take profit, and so on, and any profit (realized PNL) generated from trading bonus can be withdrawn. Refer to this link to learn more about trading tonus. and open futures account via link), to claim $5 welcome bonus right now

4.Trust and security are very important in any business, does it secure the information and deposits of investors, customers and users while working with your project?

BitMart has been in compliance with policies and continued efforts to regulate operations.We are aware of those exploits that occurred. We are coordinating with all our security partners to proactively help. Further, the sheer scale of some of these attacks highlights the need for exchanges and other crypto firms to be extremely vigilant so that we can keep an eye on unauthorized activities.

We have learned some valuable lessons along the way and continue to improve our security protocols to ringfence our platform from such possible vulnerabilities.

5.Can you list 1–3 killer features of this project that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?

as what i mentioned
-we have a stable system
- we provide 24/7 customer service
- we have a variety of trading models and trading bonus that users can use to reduce risk in bull and bear markets

Thank you all !!As a thank you for attending AMA, we are providing exclusive AMA goodies!
Once you successfully register and activate a futures account or deposit funds via the AMA registration link, you will be eligible for a $5 USDT welcome trading bonus and up to a $200 FTD (first-time deposit) trading bonus!

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