Virtual currency contract trading is to hold a certain number of coins, and then use these coins as a margin for contract trading. Suppose you have 100 coins, you make more with 100 coins, and then buy 500 coins. Then this 100 coin becomes a deposit. If you fluctuate reversely by 20%, you will lose all the coins you hold. Generally speaking, contracts and leverage have the same effect. The only difference is that in leveraged transactions, you only hold a stable currency, while in contractual transactions, you have to hold the currency you buy or sell as a deposit.

virtual currency

1. Virtual currency refers to unreal currency. Well-known virtual currencies such as Baidu's Baidu Coin, Tencent's Q Coin and Q Point, as well as Shanda's counting coupons and Sina's micro coins (used for reading in micro game and Sina, etc.). ), Chivalrous Yuanbao (for Chivalrous Games), Wen Yin (for Lan Xue Games), 20 13 digital currency Pop, Bitcoin, Litecoin, Infinite Coin, Quark. There are hundreds of digital currency all over the world. The legend of "Bitkin, Wright Silver, Infinite Copper and Penny Aluminum" is popular in the circle.

2. According to the notices and announcements issued by the People's Bank of China and other departments, virtual currency is not issued by the monetary authorities, has no monetary attributes such as legal compensation and coercion, is not a real currency, has no legal status equivalent to currency, cannot and should not be used as currency in the market, and citizens' investments and transactions in virtual currency are not protected by law.

On the evening of 3.2021may 18, China internet finance association, China banking association and China payment and clearing association jointly issued the announcement on preventing speculative risks in virtual currency transactions. The announcement clearly stated that relevant institutions should not carry out virtual currency-related business, and reminded consumers to raise their awareness of risk prevention and guard against property and rights losses.