How to activate BigONE contract

To activate contract trading on BigONE, users must create an account, verify their identity, deposit funds, enable contract trading, review the risk disclosure, and select the desired contract.

Nov 30, 2024 at 06:00 am

How to Activate BigONE Contract

BigONE is a cryptocurrency exchange that offers a variety of trading options, including spot trading, margin trading, and contract trading. Contract trading, also known as futures trading, allows users to speculate on the future price of a cryptocurrency without having to actually own the underlying asset.

To activate contract trading on BigONE, you will need to follow these steps:

1. Open a BigONE account. If you do not already have a BigONE account, you can create one by visiting the BigONE website and clicking on the "Sign Up" button.
2. Verify your identity. Once you have created an account, you will need to verify your identity by providing a government-issued ID and a proof of residence.
3. Deposit funds into your account. You will need to deposit funds into your BigONE account in order to trade contracts. You can deposit funds using a variety of methods, including bank transfer, credit card, and cryptocurrency.
4. Enable contract trading. Once you have deposited funds into your account, you will need to enable contract trading. To do this, click on the "Contracts" tab at the top of the BigONE website and then click on the "Enable Contract Trading" button.
5. Read the risk disclosure. Before you start trading contracts, you should read the risk disclosure carefully. This document will explain the risks involved in contract trading and how to mitigate those risks.
6. Start trading contracts. Once you have read the risk disclosure and enabled contract trading, you can start trading contracts. To do this, click on the "Contracts" tab at the top of the BigONE website and then select the contract you want to trade.

Here are some additional tips for trading contracts on BigONE:

• Use a stop-loss order. A stop-loss order is an order that automatically sells your contract if the price of the underlying asset falls below a certain level. This can help you to limit your losses in the event of a sudden market downturn.
• Don't overtrade. It is important to not overtrade when trading contracts. Overtrading can lead to large losses. Only trade with the amount of money that you can afford to lose.
• Be aware of the risks. Contract trading is a risky activity. You should be aware of the risks involved before you start trading.