Quickstart Guide for Dsdaq Users

Dsdaq is a one-stop trading app. Here, you can use one account to invest in cryptocurrencies, stocks, indices, gold, oil, index, etc. You can use leverage to buy/long or sell/short. There is no transaction fee except for cryptocurrencies trading.

How to start?

Similar to other cryptocurrency exchanges or trading apps, Dsdaq also has a wallet system. The deposit and withdrawal functions are exactly the same. As a crypto veteran, you probably know it well, so we won’t dive deep into deposit and withdraw.

Dsdaq offers two types of accounts, Crypto Contract Account and Crypto Collateral Account. Let’s start with Crypto Contract Account.

How to trade crypto contract?

First, you need to transfer your crypto from the ‘Crypto’ account to the ‘Crypto Contract’ account.

Step 1: Click on the name of the crypto you want to transfer.

Step 2: Select the account you want to transfer to. The default display here is Crypto Contract.

Step 3: Fill in the amount of crypto you want to transfer.

Step 4: Click on ‘Transfer’.

Your crypto will be transferred to the crypto contract account immediately, then you can go back to Home Page and start to trade!

If you would like to trade a contract, let’s say long BTC-SWAP-USDT.

Step 1: Click ‘Buy/Long’ on the BTC-SWAP-USDT page.

Step 2: Select the price. ‘Market’ means you will buy crypto contracts at the best price in the market. ‘Limit’ means you can set a price you want to trade.

Step 3: Select ‘Leverage’. You can choose 2X to 100X leverage.

Step 4: Fill in the ‘Amount’ box, and the opening numbers will be calculated based on your available balance.

Step 5: Click ‘Buy’. It also shows the margin and position value you have.

If it is a limit price order, you can see the pending orders which are waiting to be completed down below.

If it’s a market price order, click ‘position’ (at the top right) to check your position. You can also manage your positions here, for example, add margin position, set stop losses, and close positions.

Don’t forget that once you make a profit, share the good news with your friends! You can earn up to 30% fees from your referral!

Tips for Crypto Contract:

1. Same direction crypto contract positions will be merged. For example, if you use 100X leverage to open a 100 contracts BTC long position, and then use 10X leverage to open a 200 contracts BTC position. In the position tab, these two positions will be merged into a 300 contracts BTC long position, while the margin rate and liquid price of the merged position will be recalculated. At this time, the leverage ratio of the merged position will drop and will not be as high as 100X.
2. The same crypto has two crypto contract products on Dsdaq. Taking BTC as an example, for USDT contract, traders need to use USDT as the margin, and both profit and loss are in USDT. For the BTC contract, you have to use BTC as margin, both profit and loss are in BTC.
3. Dsdaq’s Crypto Contract uses isolated leverage. Therefore, if each position is liquidated, you will at most lose the margin which you have when opening the position.

How to trade assets like stocks, gold, oil?

First, you need to transfer your crypto from ‘Crypto’ to the ‘Crypto Collateral’ account.

Step 1: Click on the name of the crypto you want to transfer.

Step 2: Select the ‘Crypto Collateral’ account.

Step 3: Fill in the number of crypto you’d like to transfer.

Step 4: Click on ‘transfer’.

Step 5: Users who get started for the new version need to complete Google Authentication in the security center and set-up 2FA:

Turn on Email/Phone/Google Verification →Complete Google Authentication process

Your crypto will be immediately transferred to the crypto collateral account, and then you can go back to the Home Page and trade.

For example, you are going to short UBER.

Step 1: Click Sell/Short on the UBER page.

Step 2: Select the price. ‘Market’ means you will buy crypto contracts at the best price in the market. ‘Limit’ means you can set a price you want to trade.

Step 3: Fill in the ‘Amount’ box, and the opening numbers will be calculated based on your available balance.

Step 4: Click the ‘Sell’ button. It will also show the margin and position value you can use.

If it is a limit order, you will see your orders in the pending orders below.

If it’s a market price order, click on ‘Position’. You can manage your position there, for example, set stop loss, and close positions.

Once you make profits, don’t forget to share the good news with your friends!

Tips for crypto collateral:

1. The Crypto Collateral account takes USDT, BTC, and ETH as collateral crypto. Dsdaq will calculate the dollar purchasing power which you can use according to a certain collateral rate (USDT — 90%; BTC and ETH — 70%).
2. When closing the position, if you make profit, the profit will be added to the USD balance (see below). But if your investment has gone below your principal amount, the system will convert the number of lost USD into crypto according to the current price.
3. The crypto collateral account is cross margin mode, so there is only one margin level for the entire account.

Please keep the margin level above 30%; otherwise, your position will be liquidated. There are many useful ratios and numbers on the page of crypto collateral account. You can find a very detailed explanation in the ‘Help Center’ on the top right of the page.

But the most important thing: always pay attention to your margin level!

How to quickly view and manage my positions?

There is a ‘pie chart‘ button on the home page; if you have a position, all positions will be displayed here.

If you want to check the history records, there is a small icon on the right side of the order page pending orders, click on this icon: