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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.
Flipster provides a wealth of resources to help users navigate the platform: Knowledge Base Explore an ever-growing collection of informative articles and step-by-step instructions on various aspects of using Flipster. Blog Stay informed about the latest crypto happenings, community updates, economic news, and ...Read more
Flipster provides multiple support options to assist users: Support Enquiry Submit a support enquiry through the service request form on the Flipster website. LiveChat Live chat with Flipster community managers for real-time assistance. For further assistance or more information, contact Flipster’s 24/7 customer support ...Read more
Initial Margin refers to the collateral placed to open a leveraged position. Only Bonus and USDT can be used as initial margin.
Flipster employs the Isolated Margin system, meaning margins are allocated to each position separately and not shared across symbols. If one isolated margin position is liquidated, other isolated margin positions remain unaffected.
Maintenance Margin refers to the minimum amount of collateral required for a position to remain open. If the collateral falls below this level, liquidation occurs.
Liquidation occurs when the collateral falls below the maintenance margin. Flipster’s Backstop Liquidity Provider automatically unwinds the position during liquidation. For long positions executed above the bankruptcy price, remaining margin goes into the Insurance Fund. For long positions executed below the ...Read more
Traders can open up to 5 positions and/or pending orders per symbol on the Flipster platform. This can be a combination of long and short positions or differing leverage amounts applied to each position.
A trigger order or conditional market order is an instruction to execute a trade only if specific conditions are met, based on a specified mid-price of the perpetual swap contract.
A closing price or conditional market order is an instruction to close a position only if specific conditions are met, based on a specified mid-price of the perpetual swap contract.
The Average Entry Price refers to the average cost of your position. It serves as the basis for calculating both Realized and Unrealized P&L.
