How to open a contract account in Deepcoin

By following these steps, you can seamlessly open a contract account on Deepcoin and begin trading futures contracts with ease and confidence.

Nov 29, 2024 at 09:34 pm

How to Open a Contract Account in Deepcoin: A Comprehensive Guide

Introduction:

Opening a contract account in Deepcoin allows you to trade futures contracts on the platform. This guide provides a step-by-step walkthrough to help you seamlessly establish your contract account.

Prerequisites:

• Create a verified Deepcoin spot account.
• Complete identity verification (KYC).

Step 1: Navigate to the Contract Trading Page

• Log in to your Deepcoin account and hover over "Trade" in the navigation bar.
• Select "Futures" from the dropdown menu.

Step 2: Agree to the Contract Trading Agreement

• A pop-up window will appear asking you to read and agree to the Contract Trading Agreement.
• Review the terms carefully and click "Confirm" to proceed.

Step 3: Choose and Activate Your Contract Account

• Select the contract account type you wish to open (USDT-margined or Coin-margined).
• Read the risk disclosure statement and click "Activate" to create the account.

Step 4: Transfer Funds to Your Contract Account

• Once the contract account is activated, deposit funds from your spot account to the contract account.
• Click "Transfer" in the contract account section and follow the prompts to initiate the transfer.

Step 5: Apply for Leverage Permission

• If you wish to trade with leverage, you need to apply for and obtain leverage permission.
• Click "Leverage" in the contract account section, select your desired leverage level, and submit the application.
• Your application will be reviewed within 24 hours.

Step 6: Choose the Asset You Wish to Trade

• On the contract trading page, select the asset you wish to trade from the list of available contracts.

Step 7: Place Your Order

• Choose the order type (Limit Order, Market Order, Stop Limit Order, or Trailing Stop Market Order).
• Specify the order quantity, price, and other relevant parameters.
• Click "Buy" or "Sell" to place the order.

Additional Tips:

• Ensure you have a stable internet connection throughout the process.
• Carefully review all terms and conditions before activating your contract account.
• Be aware of the potential risks associated with futures trading, including leverage.
• Start with a small trading size to minimize risks until you gain experience.