Getting Started

A practical, step-by-step walkthrough for placing your first trade on BULK Exchange. If you hit an unfamiliar term along the way, check the Glossary.

1. Get an access code

BULK's mainnet is currently invite-only — you need an access code to create an account. Access codes are one-time-use and expire weekly; active traders and early depositors earn a limited number of new codes each week based on trading volume and deposit size.

If you don't already have a code from someone you know, you can check current access and sign up at:

app.bulk.trade — referral code YETI

2. Connect a wallet and fund your account

BULK settles on Solana, so you'll need a Solana-compatible wallet with USDC to deposit as collateral — BULK's perpetual contracts are USDC-margined. Once your account is created, deposit USDC to your BULK account before placing an order.

3. Understand your margin mode before you trade

By default, BULK uses portfolio margin — your collateral requirement is calculated across your whole account, so positions that hedge each other need less margin than the same positions held separately. If you'd rather wall off a single position's risk from the rest of your account, you can flag an order as isolated instead. See Understanding Portfolio Margin and Isolated Margin for the difference.

4. Place your first order

From the trading interface, pick a market — see Markets on BULK for a direct trade link to every market currently listed (BTC-USD, SOL-USD, ETH-USD, and 17 others) — and choose an order type:

• Market order — fills immediately at the best available price. Simplest option, but you don't control the exact fill price.
• Limit order — rests on the book at a price you set, and only fills when the market reaches it. Choose GTC if you want it to stay open until filled or cancelled, or ALO (post-only) if you specifically want to guarantee you're adding liquidity rather than taking it.

Start small. Perpetuals are leveraged products — a small price move against you has an outsized effect on your account equity, and mistakes on your first live order are the most expensive lesson available.

5. Set a stop-loss

Before you walk away from a position, consider attaching a conditional order to limit downside automatically:

• A Stop order closes your position if the price moves against you past a level you choose.
• A Take-Profit order closes it if the price moves in your favor past a target.
• A Range order combines both as a single one-cancels-other pair.

See Order Types on BULK for the full list, including trailing stops.

6. Know how liquidation works before it happens to you

If your account equity drops below the required maintenance margin, BULK will start reducing your position automatically rather than letting your account go negative — but you lose control over exit price and timing at that point. Read How Liquidations Work so a liquidation isn't a surprise the first time you see one.

7. Keep learning

• Frequently Asked Questions — quick answers to common questions
• Glossary — every term used on this wiki, defined
• Official BULK documentation — full technical reference, API docs, and architecture specs