So I want to buy a futures contract, let's say, with a 20x leverage. So I will put 0.1 BTC, long my altcoin and wait for the 25 th of September at 2pm, the time of expiry, hopefully without being liquidated.
Amen for that.
About your question :
At that time, I will have 2 BTC. So on the 25 th of September I get to deposit these 2 BTC to buy my altcoins at the price of the contract? Surprisingly enough I cannot find any document that could explain this.
In legit exchange.
1, You need money to buy contract. Then your choice : want to "long" based on your previous plan, or do "short".
2. As retail trader, you can choose to receive profit in BTC or alts. Depends on agreement.
3. When everything works as your previous scenario. Price touched TP without expired. You got profit from your long position, rewards can be paid based on your agreement as mentioned in number 2.
throughout my experience, there are only 2 currencies offered when you make a profit. Both currencies are in BTC and/or Fiat. MAy i know what exchange did you will use?