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Announcement
Trading Rules

Deposit & Withdrawal

Only Bitcoin is accepted for deposit & withdrawal. Users can choose to invest in any of the trading instruments that Bitwells provides but margin and profits will be converted and settled in BTC. 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

Bitwells 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

Auto-sell Profits

When the one-time profits of a position reach 100% of the full-position margin, the corresponding position will be closed and sold at the market price by the system. You can obtain higher profits by adding as much full-position margin as you can.

Higher Profits

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

Bitwells provides 100x leverage trading based on the rise/fall of cryptocurrencies. Users can find a direction to make profits no matter the prices of cryptocurrencies go up or down. We provide leverage trading on 5 cryptocurrencies including BTC/USDT, ETH/USDT, LTC/USDT, EOS/USDT, and XPR/USDT. For more details please refer to theContract Statements.

100x Leverage Five Coins

Trading Hours

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

7*24 hours

Position

Bitwells 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 Bitwells is based on the calculation of the weighted data from 5 major exchanges in the world - Binance, Poloniex, Bitfinex, Huobi, and Coinbase.

In case any of the exchanged fails to provide quotes due to its service performance or any problems, Bitwells 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
  • LTC/USDT
  • EOS/USDT
  • XRP/USDT

BTC/USDT Contract Statement

Bitwells 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 (UTC 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 Bitcoin. Traders can only buy long or short via Bitcoin. The leverage BTC/USDT futures contract is 1:100. Bitwells operates a full-margin mode to provide more floating space of prices for your trading practices. Bitwells 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 Bitcoin.

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 UTC 00:00:00
Contract step-size 0
Settlement currency Settled in Bitcoin
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.

Bitwells 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 (UTC 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 Bitcoin. Traders can only buy long or short via Bitcoin. The leverage ETH/USDT futures contract is 1:100. Bitwells operates a full-margin mode to provide more floating space of prices for your trading practices. Bitwells 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 Bitcoin.

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 UTC 00:00:00
Contract step-size 0
Settlement currency Settled in Bitcoin
Margin mode Full-margin mode
Retention Rate of Margin 0
Maximum number of limit orders 0
Smallest range of price change 0

LTC/USDT Contract Statement

Litecoin is another cryptocurrency that differentiates itself with its capability to process higher trading volume. Its currency code is LTC. As the generation speed and frequency of blocks is higher, the LTC 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.

Bitwells 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 (UTC 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 Bitcoin. Traders can only buy long or short via Bitcoin. The leverage LTC/USDT futures contract is 1:100. Bitwells operates a full-margin mode to provide more floating space of prices for your trading practices. Bitwells 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 LTC Futures Quote Happen?

The price of the object for an LTCUSDT contract is the trading price of LTC/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 Bitcoin.

Open Market Price In/Out Fee

Complete Contract Statement

Type LTC/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 UTC 00:00:00
Contract step-size 0
Settlement currency Settled in Bitcoin
Margin mode Full-margin mode
Retention Rate of Margin 0
Maximum number of limit orders 0
Smallest range of price change 0

EOS/USDT Contract Statement

EOS 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 EOS software project which is called Blockchain 3.0.

Bitwells 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 (UTC 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 Bitcoin. Traders can only buy long or short via Bitcoin. The leverage EOS/USDT futures contract is 1:100. Bitwells operates a full-margin mode to provide more floating space of prices for your trading practices. Bitwells 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 EOS Futures Quote Happen?

The price of the object for an EOSUSDT contract is the trading price of EOS/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 Bitcoin.

Open Market Price In/Out Fee

Complete Contract Statement

Type EOS/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 UTC 00:00:00
Contract step-size 0
Settlement currency Settled in Bitcoin
Margin mode Full-margin mode
Retention Rate of Margin 0
Maximum number of limit orders 0
Smallest range of price change 0

XPR/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.

Bitwells 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 (UTC 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 Bitcoin. Traders can only buy long or short via Bitcoin. The leverage XRP/USDT futures contract is 1:100. Bitwells operates a full-margin mode to provide more floating space of prices for your trading practices. Bitwells 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 Bitcoin.

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 UTC 00:00:00
Contract step-size 0
Settlement currency Settled in Bitcoin
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 Bitwells is based on the calculation of the weighted data from 5 major exchanges in the world - Binance, Poloniex, Bitfinex, Huobi, and Coinbase.

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

  • BTC/USDT
  • ETH/USDT
  • LTC/USDT
  • EOS/USDT
  • XRP/USDT

BTC/USDT Index

Source Current Quote Currency Weight of Volume Real-time Weight
Binance 0 USDT 0 0
Poloniex 0 USDT 0 0
Bitfinex 0 USDT 0 0
Houbi 0 USDT 0 0
Coinbase 0 USDT 0 0
Service Fee
Service Fee for Deposit & Withdrawal
Bitwells will choose the best network fee based on the current traffic jam status on the blockchain to guarantee the fastest delivery speed.
Deposit 0BTC
Withdrawal(per application) 0.0005BTC
Overnight Interest
You will be charged a loan interest at 0.1% of the contract value if the holding time of positions exceeds the UTC time of 00:00:00. Nevertheless, you won't be charged any loan interest if you don't hold any positions at that point in the time.
Service Fee for Trading
Services fee for trading is calculated in this way:
fee = amount of order * service fee ratio%

BTC/USDT

100x Leverage

0.075%

Service Fee When open/close

ETH/USDT

100x Leverage

0.151%

Service Fee When open/close

LTC/USDT

100x Leverage

0.193%

Service Fee When open/close

EOS/USDT

100x Leverage

0.195%

Service Fee When open/close

XRP/USDT

100x Leverage

0.195%

Service Fee When open/close

Trading Examples

A trader opened a long position worth 10 BTC with 0.1 Bitcoin (100x leverage). The open price is 5,000 USDT, and he closed the position when the price reached 5,200 USDT.

The profits of the trader will be: Contract Value * (Close Price - Open Price) = 10 * (5,200 - 5,000) = 2,000 USDT

Currently, the value of the profits settled in Bitcoin: Profits / Bitcoin price = 2,000 USDT / 5,200 USDT = 0.38461538 BTC

Open Position Service Fee: Contract Value * 0.075% = 0.0075 BTC

Close Position Service Fee: Contract Value * 0.075% = 0.0075 BTC

Sum of the Service Fees = 0.0075 * 2 = 0.015 BTC

The current Net Profit Ratio = (Profit - Service Fee) / Margin Used = (0.38461538 BTC - 0.015 BTC) / 0.1 BTC = 369.61%

In case the price plunged to 4,800 USDT, the trader will need to take an equivalent amount of loss. Under the same trading mechanism, the trader can make profits by trading short when the BTC prices fall.
An inverse contract and a non-linear contract may cause a huge loss. Contrarily, settling in Bitcoin will create larger profits for short traders when the prices fall than when the prices increase by the same range for long trades. Click to trade in a simulation environment

Overnight Interest

In case the position runs overnight, which the timestamp passes the UTC time of 00:00:00, there will be an overnight interest deducted at the amount of Contract Value * 0.1%.