How to open BigONE 10x contract

To open a 10x contract on the BigONE platform, users must first register and enable 2FA, deposit funds, navigate to the 10x contract trading interface, select a trading pair, specify order parameters, confirm, and execute the order.

Dec 01, 2024 at 02:21 am

How to Open a BigONE 10x Contract: A Step-by-Step Guide

Step 1: Sign Up on BigONE

• Visit the [official BigONE website](https://www.bigone.com/).
• Click on the "Sign Up" button in the top right corner.
• Fill out the registration form with your email address and password.
• Verify your email address by clicking on the link sent to your email.

Step 2: Enable Two-Factor Authentication (2FA)

• Enhance account security by enabling 2FA.
• Download a Google Authenticator app (or a similar app) on your mobile device.
• Scan the QR code on BigONE's 2FA setup page using the Google Authenticator app.
• Record the 16-digit secret key displayed on the screen.
• Enter the 6-digit numeric confirmation code generated by the authenticator app to complete the setup.

Step 3: Fund Your Account

• Log in to your BigONE account.
• Click on the "Assets" tab on the top menu bar.
• Select the "Deposit" option.
• Select a deposit method (e.g., fiat currency or cryptocurrency).
• Follow the on-screen instructions to complete the deposit process.
• Note: Verify the minimum deposit requirements for your chosen coin or currency.

Step 4: Navigate to the 10x Contract Trading Interface

• Click on the "Trade" tab on the top menu bar.
• Select the "Contracts" sub-tab.
• Choose the "10x" trading interface.

Step 5: Select a Trading Pair

• From the drop-down menu, select the trading pair you wish to trade (e.g., BTC/USDT).

Step 6: Specify Order Parameters

• Input the following order information:

  • Volume: Enter the amount of the underlying asset you wish to trade in the contract.
  • Leverage: Select the leverage level you want to apply to your trade (e.g., 10x, 20x, etc.).
  • Order Type: Choose between Limit Order or Market Order.
  • Side: Specify whether you want to buy (Long) or sell (Short) the contract.

Step 7: Confirm and Execute Order

• Review the order parameters carefully.
• Click on the "Create" button to submit your order.
• Your order will be filled in the market based on the specified parameters.
• Monitor your open position from the "Contracts" section of the trading interface.

Step 8: Manage and Close Position

• Adjust your stop-loss and take-profit orders as needed.
• Monitor market conditions and adjust your position accordingly.
• Close your position by placing an opposite order (e.g., if you have a Long position, place a Short order) to exit the contract.