Bitget Futures Unit Setting Guide (Quantity, Cost, Nominal Value)

What Are Quantity, Cost, and Nominal Value In Bitget Futures Unit Setting

When you buy a coin in a Bitget futures trading, You can see that there are three ways to purchase through Bitget Futures Unit Setting.

Bitget Future Unit Setting

If you click on the USDT part above, you will see the Future Unit Setting screen windows below.

Bitget Future Unit Setting

The three are Quantity, Cost, and Nominal Value. Let’s look at how each applies.

1. Quantity Trading

Bitget Quantity Trading (Bitget Future Unit Setting)

First, in Futures Unit Setting, Quantity is a method of purchasing by determining the number of coins.

For example, if the price of a bitcoin is 30,000 USDT, you will pay 30,000 USDT for one purchase. However, in this case, leverage is not determined. In other words, it is the reference when set to the default magnification (1X) without leverage.

Bitget Quantity Trading Buy

The above screenshot has 10 times the leverage, so the cost of purchasing one Bitcoin is 1/10th the price.

If you more than double the leverage and purchase one Bitcoin, the actual investment is as follows. (Assuming Bitcoin Price Is 30,000 USDT)

[ 30,000USDT / Leverage Ratio ]

And if you do it at a 10X rate, you’re going to pay 3,000 USDT for a single bitcoin that’s worth 30,000 USDT.

2. Cost Trading

Bitget Cost Trading (Bitget Future Unit Setting)

In Futures Unit Setting, Cost is literally a way of investing cost.

Bitget Cost Trading Buy

Cost order method is to order investment at cost.

Bitget Cost Trading Buy

In the screenshot above, when you ordered 100USDT of coins by Cost method, you can see that Margin is 97USDT, excluding fees.

3. Nominal Value Trading

Nominal Value Trading (Bitget Future Unit Setting)

In Futures Unit Setting, Nominal Value is a method of investing with leverage applied.

Nominal Value Trading

For example, if you buy Bitcoin at 100USDT using the face value method, 100USDT is not used, and Use USDT according to the calculation formula below.

Purchase Amount / Leverage Ratio

10xNominal Value Trading

In the image above, unlike cost trading, 10USDT, which is the margin divided by the leverage factor (10x), is used.

If you use 100USDT with 10x leverage, the difference between Cost and Nominal Value is as follows.

Cost Trading – It will operate at 1,000 USDT using 10x leverage at 100 USDT cost.

Nominal Value – It will operate at 100USDT using 10x leverage at cost of 10USDT.

I hope you have a good understanding of Bitget Future Unit Setting.

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