How to open Crypto.com 10x contract

To initiate trading in 10x contracts on Crypto.com, you'll need to create an account, fund it, and configure contract specifications, including customizing leverage, expiration, and stop loss/take profit parameters.

Nov 30, 2024 at 05:46 pm

How to Open Crypto.com 10x Contracts: A Step-by-Step Guide

Step 1: Create a Crypto.com Account

• Visit the Crypto.com website (https://crypto.com) and click on the "Sign Up" button.
• Enter your email address, create a password, and agree to the terms of service.
• You will receive a confirmation email from Crypto.com. Click on the link in the email to activate your account.

Step 2: Fund Your Account

• Once your account is activated, you need to fund it with funds to trade 10x contracts.
• You can fund your account using a variety of methods, including bank transfer, credit card, and cryptocurrencies.

Step 3: Open a 10x Contract

• To open a 10x contract, you must enable futures account.
• Log in to your Crypto.com account and click on the "Derivatives" tab.
• Select the "10x" tab and click on the "Open Contract" button.

Step 4: Choose Contract Specifications

• The next step is to choose the specifications for your contract.
• This includes the asset you want to trade, the contract size, the leverage you want to use, and the expiration date for the contract.

Step 5: Set Up Stop Loss and Take Profit Orders

• Stop loss and take profit orders are important tools to manage your risk when trading 10x contracts.
• A stop loss order will automatically close your contract if the price of the asset moves against you by a certain amount.
• A take profit order will automatically close your contract if the price of the asset moves in your favor by a certain amount.

Step 6: Monitor Your Contract

• Once you have opened a contract, you can monitor it in the "Open Contracts" tab.
• Here, you will see the current price of the asset, the profit or loss on your contract, and the time remaining until the contract expires.

Tips for Trading Crypto.com 10x Contracts

• 10x contracts are a leveraged product, which means that they can amplify both your profits and losses.
• It is important to understand the risks involved in trading 10x contracts before you start trading.
• Use stop loss and take profit orders to manage your risk.
• Monitor your contracts regularly and make adjustments as needed.