How to open BingX 10x contract

To initiate 10x Contract trading, traders must first create a BingX account, fund it, locate the desired trading pair, place an order specifying their strategy, leverage, and order type.

Nov 30, 2024 at 02:00 pm

Step 1: Create a BingX Account

• Visit the BingX website and click on "Sign Up."
• Provide your email address, create a password, and agree to the terms of service.
• Verify your email address by clicking on the link sent to your inbox.
• Choose between an individual or corporate account.
• Complete your personal information and upload a photo of your ID card.
• Once your account is verified, you can log in and start trading.

Step 2: Fund Your BingX Account

• Go to the "Assets" page and click on "Deposit."
• Select your preferred deposit method (fiat currency or cryptocurrency).
• Follow the on-screen instructions to complete the deposit process.

Step 3: Find the 10x Contract

• Go to the "Markets" page.
• Search for the desired trading pair (e.g., BTC/USDT).
• Select the "10x" tab located at the top of the trading pair.

Step 4: Place a 10x Contract Order

• Decide on your trading strategy (long or short) and specify the contract amount.
• Set the leverage ratio (up to 10x).
• Determine the order type (market order or limit order).
• Review your order details and click on "Place Order."

Step 5: Monitor Your 10x Contract Position

• Go to the "Orders" page to view the status of your open positions.
• Use stop-loss and take-profit orders to manage your risk.
• Keep track of the market fluctuations and adjust your strategy accordingly.

Step 6: Close Your 10x Contract Position

• Go to the "Positions" page to close your open positions.
• Select the "Close" button for the desired position.
• Confirm the closing price and click on "Close Position."