What you will accomplish
- Understand that this is not a spot token purchase
- Understand collateral and buying power
- Understand leverage, funding, liquidation, and ADL
- Know what to check before opening a position
Before you begin
- You can read this guide without connecting a wallet or funding an account
- Current Quote.Trade terms and live market metadata for any actual trade
Prices and order values are shown in USD. The payment currency is the supported stablecoin used by the account, such as USDC or USDT. The funding network is the blockchain used to deposit that stablecoin. Check the live app for the available currency, minimum amount, and leverage.
Fund with a supported stablecoin
Deposit a supported stablecoin such as USDC or USDT. That balance is used as collateral for your positions. You do not need to buy the underlying token, and the underlying token is not delivered to your wallet.
Choose Buy or Sell Short
Choose Buy for long exposure or Sell Short for short exposure. Your result depends on the opening price, closing price, position size, funding, and any risk events.
Understand how leverage changes risk
Leverage increases the position size relative to your collateral, so it increases both gains and losses. Use only the leverage available for the market and account, and keep it off when you do not need it.
Watch margin, liquidation risk, and ADL
Initial margin is required to open a position, and maintenance margin is required to keep it open. If losses reduce available margin too far, the position can be liquidated. ADL is an additional emergency backstop described in the platform rules.
Close the position and settle in stablecoin
When you close the position, realized profit or loss and any funding adjustments are applied to the stablecoin account. The resulting account balance is not necessarily the same as the amount immediately available to withdraw because open positions and orders can still reserve margin.
Common problems and fixes
Will I receive the underlying token in my wallet?
No. Quote.Trade provides long or short market exposure that settles in supported stablecoins. It is not a spot token purchase, and the underlying token is not delivered to your wallet.
Buying power is lower than the deposit
Review margin, positions, open orders, P&L, and current account rules.
A position loses value despite the asset being unchanged
Inspect execution price, bid/ask, funding, mark updates, and account adjustments.