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A cryptocurrency exchange is a platform where users can buy, sell, or trade digital currencies like Bitcoin using fiat or other cryptos.
For a SHORT position: Unrealized P&L=Quantity×(Average Entry Price−Best Ask Price)\text{Unrealized P\&L} = \text{Quantity} \times (\text{Average Entry Price} – \text{Best Ask Price}) Unrealized P&L=Quantity×Read more
Average Entry Price refers to the average price at which a trader has entered into multiple positions for a particular instrument, calculated based on the total value invested divided by the total quantity of the instrument purchased.
Average Entry Price is calculated using the formula: Average Entry Price=Total value of all positions in USDTTotal quantity of the instrument\text{Average Entry Price} = \frac{\text{Total value of all positions in USDT}}{\text{Total quantity of the instrument}} Average Entry Price=Read more
Bonus is a reward expressed in USDT, awarded for participating in Flipster promotions and events. It can be used as Initial Margin for trading and to offset trading losses directly.
Initial Margin: Bonus can be used as Initial Margin for opening trading positions. Offsetting Trading Losses: Realized P&L will first apply to the Bonus balance before affecting your USDT wallet balance. VIP Perk: As a Flipster VIP user, you can ...Read more
Funding Fees: Bonus cannot be used to pay funding fees. Conversion and Withdrawal: Bonus cannot be converted to other currencies or withdrawn from the Flipster wallet.
The negative balance in your Flipster account will be offset by the Bonus every day at 00:00, 08:00, and 16:00 UTC. This offset frequency is subject to change and cannot be triggered manually.
Bonus will expire every day at 00:05 UTC unless your trading volume for the preceding 15 days has exceeded 10x the total USDT value of the Flipster Bonus. Users must contribute 10x their USDT value of their Flipster Bonus ...Read more
Follow these steps to deposit cryptocurrencies into your Flipster account: Step-by-Step Guide:Log into your Flipster account:Ensure you are logged into your Flipster account.Navigate to the Deposit Page:On the mobile application: Go to the [Assets] page. On the website: ...Read more
Follow these steps to withdraw cryptocurrencies from your Flipster account: Step-by-Step Guide:Log into your Flipster account:Ensure you are logged into your Flipster account.Navigate to the Withdrawal Page:On the mobile application: Go to the [Assets] page. On the website: ...Read more
