Bittam - Guide - All You Need To Know

Trading Rules

Deposit & Withdrawal

Accepts Bitcoin, ETH, USDT, XRP deposits and withdrawals. Users can choose to invest in any of the trading instruments that Bittam provides but margin and profits will be converted and settled in USDT. The deposit address is a tamper-resistant cold wallet address with multiple signatures.

Support Bitcoin Cold Wallet Address

Profits

If you choose to buy in a long trade position and the price increase by 1% then your profits will be 100%. On the contrary, if you buy in a short trading position and the price fall by 1% then your profits are also 100%. Click here to read theTrading Examples.

Index change of 1%, Profit of 100%

Service Fee

Bittam does not charge a funding fee but charges a service fee for opening&closing a position. Click here to learn about theService Fee.

No Funding Rate In/Out Fee

Non-deficit/negative Balance

Even if the fluctuation of the market index is great, your maximum loss will only be your account balance. There will not be a negative balance in your account.

Non-negative Balance

Leverage

Bittam provides freely selectable leverage multiples based on the rise and fall of cryptocurrencies. Whether the price of cryptocurrencies rises or falls, users can find a direction to make a profit. We provide leveraged trading of 5 cryptocurrencies, including BTC/USDT, ETH/USDT, ADA/USDT, SOL/USDT and XRP/USDT. For more details, please refer toContract Statements.

100x Leverage Five Coins

Trading Hours

Trading on Bittam is available 24-hour a day and 7-day a week.

7*24 hours

Mode

Bittam provides a non-locked position mode which means that you can only choose to buy long or short for a specific trading instrument at the same time. Positions of the same direction that are newly created will be merged into one position.

Non-locked Mode

Cutting Loss (Auto-sell Loss)

The system will force liquidated your position when the changes in prices cause that the full-position margin rate becomes less than the required value (30%). You can add as much full-position margin as possible to lower risks.

Lower Risk

Price Index

ThePrice Indexon Bittam is based on the calculation of the weighted data from 5 major exchanges in the world - Binance, Bybit, OKX, Bitget and Kraken.

In case any of the exchanged fails to provide quotes due to its service performance or any problems, Bittam reserves the right to apply a new Price Index which is based on the weighted average of the remained working exchanges immediately.

The World's Top 5 Exchanges

Contract Statements

BTC/USDT
ETH/USDT
ADA/USDT
SOL/USDT
XRP/USDT

BTC/USDT Contract Statement

Bittam provides a perpetual contract to allow copying the market price of spot trading with high leverage. This kind of contract will not be settled and will follow the price index of the objects in all kinds of mechanisms unless you close the positions. There is no service fee for managing funds in the contracts except happening in opening&closing a position and holding a position overnight (00:00:00). To learn about the rules of the service fee, please refer to theService Fee.

Sustainable Contract In/Out Fee

Margin and Leverage

All margins are settled in USDT. Traders can only buy long or short via Bitcoin. The leverage BTC/USDT futures contract is 1:100. Bittam operates a full-margin mode to provide more floating space of prices for your trading practices. Bittam also applied a portfolio margin mode to allow you to open positions with margin from those unsettled floating profits/losses.

For example, when purchasing a contract valuing 100 BTC, you will need to spot 1 BTC as an initial margin.Click to trade in a simulation environment.

100x Leverage Full-Margin Mode

How Does the BTC Futures Quote Happen?

The price of the object for a BTCUSDT contract is the trading price of BTC/USDT which is originated from a comprehensive index from the market quotes and can be referred to as thePrice Index.The object price and the price of a swap contract are both quotes by USDT. All margins, profits, and losses are settled in USDT.

Open Market Price In/Out Fee

Complete Contract Statement

Type	BTC/USDT
Expiration time	Perpetual
Minimum contract value	0
Maximum contract value	0
Service fee for opening a position	0
Service fee for closing a position	0
Overnight timing	00:00:00
Contract step-size	0
Settlement currency	Settled in USDT
Margin mode	Full-margin mode
Retention Rate of Margin	0
Maximum number of limit orders	0
Smallest range of price change	0

ETH/USDT Contract Statement

Ethereum is a distributed platform running smart contracts. Applications are executed following the programmed instruction on the blockchain and won't be intervened by shutdown, censorship, and fraudulence from any third-parties. This project is developed by Ethereum Foundation. The currency code of Ethereum is ETH.

Bittam provides a perpetual contract to allow copying the market price of spot trading with high leverage. This kind of contract will not be settled and will follow the price index of the objects in all kinds of mechanisms unless you close the positions. There is no service fee for managing funds in the contracts except happening in opening&closing a position and holding a position overnight (00:00:00). To learn about the rules of the service fee, please refer to theService Fee.

Sustainable Contract In/Out Fee

Margin and Leverage

All margins are settled in USDT. Traders can only buy long or short via Bitcoin. The leverage ETH/USDT futures contract is 1:100. Bittam operates a full-margin mode to provide more floating space of prices for your trading practices. Bittam also applied a portfolio margin mode to allow you to open positions with margin from those unsettled floating profits/losses.

For example, when purchasing a contract valuing 100 BTC, you will need to spot 1 BTC as an initial margin.Click to trade in a simulation environment

100x Leverage Full-Margin Mode

How Does the ETH Futures Quote Happen?

The price of the object for an ETHUSDT contract is the trading price of ETH/USDT which is originated from a comprehensive index from the market quotes which integrate quotes from over 15 market makers. The object price and the price of a swap contract are both quotes by USDT. All margins, profits, and losses are settled in USDT.

Open Market Price In/Out Fee

Complete Contract Statement

Type	ETH/USDT
Expiration time	Perpetual
Minimum contract value	0
Maximum contract value	0
Service fee for opening a position	0
Service fee for closing a position	0
Overnight timing	00:00:00
Contract step-size	0
Settlement currency	Settled in USDT
Margin mode	Full-margin mode
Retention Rate of Margin	0
Maximum number of limit orders	0
Smallest range of price change	0

ADA/USDT Contract Statement

ADA is another cryptocurrency that differentiates itself with its capability to process higher trading volume. Its currency code is ADA. As the generation speed and frequency of blocks is higher, the ADA network supports more transactions without the need to modify the system. Thus, merchants can see shorter confirmation time and can wait for more confirmations when selling high-valued commodities.

Bittam provides a perpetual contract to allow copying the market price of spot trading with high leverage. This kind of contract will not be settled and will follow the price index of the objects in all kinds of mechanisms unless you close the positions. There is no service fee for managing funds in the contracts except happening in opening&closing a position and holding a position overnight (00:00:00). To learn about the rules of the service fee, please refer to theService Fee.

Sustainable Contract In/Out Fee

Margin and Leverage

All margins are settled in USDT. Traders can only buy long or short via Bitcoin. The leverage ADA/USDT futures contract is 1:100. Bittam operates a full-margin mode to provide more floating space of prices for your trading practices. Bittam also applied a portfolio margin mode to allow you to open positions with margin from those unsettled floating profits/losses.

For example, when purchasing a contract valuing 100 BTC, you will need to spot 1 BTC as an initial margin.Click to trade in asimulation environment

100x Leverage Full-Margin Mode

How Does the ADA Futures Quote Happen?

The price of the object for an ADAUSDT contract is the trading price of ADA/USDT which is originated from a comprehensive index from the market quotes which integrate quotes from over 15 market makers. The object price and the price of a swap contract are both quotes by USDT. All margins, profits, and losses are settled in USDT.

Open Market Price In/Out Fee

Complete Contract Statement

Type	ADA/USDT
Expiration time	Perpetual
Minimum contract value	0
Maximum contract value	0
Service fee for opening a position	0
Service fee for closing a position	0
Overnight timing	00:00:00
Contract step-size	0
Settlement currency	Settled in USDT
Margin mode	Full-margin mode
Retention Rate of Margin	0
Maximum number of limit orders	0
Smallest range of price change	0

SOL/USDT Contract Statement

SOL is a newly introduced blockchain structure to achieve performance extensions for distributed applications. Please be noted that it is not a cryptocurrency like Bitcoin and Ethereum but a token released based on the SOL software project which is called Blockchain 3.0.

Bittam provides a perpetual contract to allow copying the market price of spot trading with high leverage. This kind of contract will not be settled and will follow the price index of the objects in all kinds of mechanisms unless you close the positions. There is no service fee for managing funds in the contracts except happening in opening&closing a position and holding a position overnight (00:00:00). To learn about the rules of the service fee, please refer to theService Fee.

Sustainable Contract In/Out Fee

Margin and Leverage

All margins are settled in USDT. Traders can only buy long or short via Bitcoin. The leverage SOL/USDT futures contract is 1:100. Bittam operates a full-margin mode to provide more floating space of prices for your trading practices. Bittam also applied a portfolio margin mode to allow you to open positions with margin from those unsettled floating profits/losses.

For example, when purchasing a contract valuing 100 BTC, you will need to spot 1 BTC as an initial margin. Click to trade in asimulation environment

100x Leverage Full-Margin Mode

How Does the SOL Futures Quote Happen?

The price of the object for an SOLUSDT contract is the trading price of SOL/USDT which is originated from a comprehensive index from the market quotes which integrate quotes from over 15 market makers. The object price and the price of a swap contract are both quotes by USDT. All margins, profits, and losses are settled in USDT.

Open Market Price In/Out Fee

Complete Contract Statement

Type	SOL/USDT
Expiration time	Perpetual
Minimum contract value	0
Maximum contract value	0
Service fee for opening a position	0
Service fee for closing a position	0
Overnight timing	00:00:00
Contract step-size	0
Settlement currency	Settled in USDT
Margin mode	Full-margin mode
Retention Rate of Margin	0
Maximum number of limit orders	0
Smallest range of price change	0

XRP/USDT Contract Statement

Ripple is a company founded by venture capitals to provide a global financial settlement solution to promote value exchange on the earth. What makes Ripple different from Bitcoin is that the currency itself is integrated into the distributed transaction network. The currency code of Ripple is XRP. An iterative consensus process is used on the network while Bitcoin uses a process of Proof-of-Work. Its confirmation speed is higher than the Bitcoin network with this technology and the Ripple network can also track other information except for Ripple.

Bittam provides a perpetual contract to allow copying the market price of spot trading with high leverage. This kind of contract will not be settled and will follow the price index of the objects in all kinds of mechanisms unless you close the positions. There is no service fee for managing funds in the contracts except happening in opening&closing a position and holding a position overnight (00:00:00). To learn about the rules of the service fee, please refer to theService Fee.

Sustainable Contract In/Out Fee

Margin and Leverage

All margins are settled in USDT. Traders can only buy long or short via Bitcoin. The leverage XRP/USDT futures contract is 1:100. Bittam operates a full-margin mode to provide more floating space of prices for your trading practices. Bittam also applied a portfolio margin mode to allow you to open positions with margin from those unsettled floating profits/losses.

For example, when purchasing a contract valuing 100 BTC, you will need to spot 1 BTC as an initial margin.Click to trade in a simulation environment

100x Leverage Full-Margin Mode

How Does the XRP Futures Quote Happen?

The price of the object for an XRPUSDT contract is the trading price of XRP/USDT which is originated from a comprehensive index from the market quotes which integrate quotes from over 15 market makers. The object price and the price of a swap contract are both quotes by USDT. All margins, profits, and losses are settled in USDT.

Open Market Price In/Out Fee

Complete Contract Statement

Type	XRP/USDT
Expiration time	Perpetual
Minimum contract value	0
Maximum contract value	0
Service fee for opening a position	0
Service fee for closing a position	0
Overnight timing	00:00:00
Contract step-size	0
Settlement currency	Settled in USDT
Margin mode	Full-margin mode
Retention Rate of Margin	0
Maximum number of limit orders	0
Smallest range of price change	0

Price Index

The Price Index on Bittam is based on the calculation of the weighted data from 5 major exchanges in the world - Binance, Bybit, OKX, Bitget and Kraken.

In case any of the exchanges fail to provide quotes due to its service performance or any problems, Bittam reserves the right to apply a new Price Index based on the weighted average of the remained working exchanges immediately. Bittam has integrated more data depths to avoid slippage.

BTC/USDT
ETH/USDT
ADA/USDT
SOL/USDT
XRP/USDT

BTC/USDT Index

Source	Current Quote	Currency	Weight of Volume	Real-time Weight
Binance	0	USDT	0	0
Bybit	0	USDT	0	0
OKX	0	USDT	0	0
Bitget	0	USDT	0	0
Kraken	0	USDT	0	0

Service Fee

Service Fee for Deposit & Withdrawal

Bittam will choose the best network fee based on the current traffic jam status on the blockchain to guarantee the fastest delivery speed.

Deposit 0USDT

Withdrawal(per application) 2.5USDT

Service Fee for Trading

Services fee for trading is calculated in this way:
fee = amount of order * service fee ratio%

BTC/USDT

200x Leverage

0.075%

Service Fee When open/close

ETH/USDT

200x Leverage

0.151%

Service Fee When open/close

ADA/USDT

200x Leverage

0.193%

Service Fee When open/close

SOL/USDT

200x Leverage

0.195%

Service Fee When open/close

XRP/USDT

200x Leverage

0.195%

Service Fee When open/close

Trading Examples

A trader opens a 1 BTC long position with 1000 USDT (100x leverage) at an opening price of 100,000 USDT and closes the position when the price reaches 103,000 USDT.

The trader's profit is: Number of contracts * (Closing price - Opening price) = 1 * (103,000 - 100,000) = 3,000 USDT

Current profit value settled in USDT: 3,000 USDT

Opening service fee: contract value * 0.075% = 75 USDT

Closing service fee: contract value * 0.075% = 77.25 USDT

Total service fee = 75 + 77.25 = 152.25 USDT

Current net profit margin = (profit - service fee) / used margin = (3,000 USDT - 152.25 USDT) / 1000 USDT = 284.78%

Simulation environment