How to activate BingX contract

To activate BingX Contract Trading, first ensure you meet the eligibility requirements, including having a verified BingX account and completing the risk assessment.

Dec 02, 2024 at 04:36 pm

How to Activate BingX Contract

1. Ensure You Meet the Eligibility Requirements

   • Be of legal age in your jurisdiction.
   • Have a verified BingX account.
   • Complete a simple risk assessment to ensure you understand the risks involved in futures trading.

2. Locate the Contract Trading Section

   • Log in to your BingX account.
   • Go to the "Trade" section and select "Futures."
   • You will be redirected to the contract trading page.

3. Select a Futures Market

   • BingX offers a wide range of futures markets, including perpetuals, quarterly futures, and leveraged tokens.
   • Choose the market you wish to trade based on your risk appetite and trading strategy.

4. Open an Isolated or Cross Margin Order

   • Isolated margin: Your profits and losses are isolated to a specific account balance.
   • Cross margin: Your entire account balance is used as collateral for the order.

5. Customize Your Order Parameters

   • Set the order type (market or limit).
   • Specify the order quantity and price.
   • Adjust leverage (the amount you borrow from the exchange to increase your trading power).

6. Place an Order

   • Carefully review your order details.
   • Ensure you fully understand the potential risks and rewards.
   • Click the "Buy" or "Sell" button to place your order.

7. Monitor Your Order

   • The status of your order will be displayed in the "Orders" section.
   • You can track its progress and make necessary adjustments.

Additional Tips:

• Start with a small amount of capital to mitigate potential losses.
• Use stop-loss and take-profit orders to manage risk.
• Regularly monitor the markets to identify trading opportunities.
• Seek advice from experienced traders or consult educational resources to enhance your knowledge.