How to lock BitMEX contract

Step 1 in creating a BitMEX account involves visiting the official website, providing personal information, agreeing to terms, and clicking "Create Account."

Nov 09, 2024 at 12:49 pm

Step 1: Create a BitMEX Account

Visit the official BitMEX website (https://www.bitmex.com/) and click on the "Sign Up" button.
Provide your email address, username, and password.
Agree to the Terms of Service and Privacy Policy.
Click on the "Create Account" button.

Step 2: Verify Your Email Address

A verification email will be sent to your provided email address.
Open the email and click on the verification link.
You will be redirected to the BitMEX website.

Step 3: Enable Two-Factor Authentication (2FA)

To enhance the security of your account, enable 2FA.
Choose between Google Authenticator or SMS verification.
Follow the on-screen instructions to set up 2FA.

Step 4: Fund Your BitMEX Account

You can fund your BitMEX account using Bitcoin (BTC), Ether (ETH), or Tether (USDT).
Click on the "Deposits" tab and select the desired cryptocurrency.
Copy the deposit address and transfer the funds to your BitMEX account.

Step 5: Navigate to the Contracts Market

Click on the "Contracts" tab in the navigation bar.
Select the perpetual contract you wish to lock, e.g., XBTUSD.
Review the contract details, including trading hours, minimum margin, and settlement date.

Step 6: Place a Market Order

To lock a BitMEX contract, place a market order.
Enter the desired quantity of the contract (in number of notional units).
Click on the "Buy" or "Sell" button, depending on your trade direction.
Confirm the order details and execute the trade.

Step 7: Monitor Your Position

After locking the contract, your position will appear in the "Positions" tab.
Monitor the position's performance, including its price, profit/loss, and margin.
Make adjustments to your position as needed, such as adjusting the leverage or taking profit.

Step 8: Close Your Position

To close your locked position, place a market order in the opposite direction.
For example, if you bought a contract, place a sell order to close the position.
Wait for the order to be executed and confirm the closure of your position.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

RAIN

$0.007852

113.00%

Trade Now
PIPPIN

$0.06097

51.96%

Trade Now
PARTI

$0.1396

42.04%

Trade Now
WAVES

$0.9141

41.69%

Trade Now
ARC

$0.04302

35.73%

Trade Now
HONEY

$0.01029

21.80%

Trade Now

Latest Crypto News

Bitcoin, eCash Fork, and Airdrop Dynamics: A Deep Dive into Crypto's Latest Controversies
2026-05-03 12:55:01
Consensus 2026 Miami: Web3, Blockchain, Cryptocurrency, NFTs, Metaverse, Conference, May 5th — Where Wall Street Meets the Digital Frontier
2026-05-02 12:45:01
Fed Holds Rates Steady, Triggering Bitcoin Price Drop Amidst Geopolitical Tensions
2026-05-01 06:45:01
Bitcoin Miners Electrify the Grid: Ohio Gas Plant Acquisition Powers Up a New Era for Digital Gold
2026-05-01 00:45:01
MegaETH's MEGA Token Hits the Big Apple: Setting New Performance Benchmarks for Real-Time Blockchain
2026-05-01 00:55:01
Solana's Slippery Slope: Price Prediction Points to Resistance Loss and Potential Further Drops
2026-05-01 06:45:01

Related knowledge

How Is AVAX Futures Margin Requirement Calculated?

Jul 23,2026 at 03:40pm

AVAX Futures Margin Structure1. AVAX futures margin consists of two distinct components: initial margin and maintenance margin. These are calculated i...

Why Does ADA Contract Margin Ratio Trigger Warnings?

Jul 22,2026 at 09:00am

ADA Contract Margin Ratio Mechanics1. The ADA perpetual contract on major exchanges uses a dynamic margin ratio calculated in real time based on posit...

What Is ADAUSDT Perpetual Contract Funding Rate?

Jul 24,2026 at 08:19pm

Definition and Purpose of ADAUSDT Perpetual Contract Funding Rate1. The ADAUSDT perpetual contract funding rate is a periodic fee exchange mechanism a...

What Is TON Futures Liquidation Price Formula?

Jul 23,2026 at 09:19am

TON Futures Liquidation Mechanism1. Liquidation in TON futures occurs when a trader’s margin balance falls below the maintenance margin requirement se...

What Is TONUSDT Perpetual Contract Funding Rate?

Jul 27,2026 at 02:39am

Definition and Core Mechanics1. TONUSDT perpetual contract funding rate is a periodic fee exchange mechanism applied exclusively to TON/USDT perpetual...

How Does SUI Futures Leverage Affect Liquidation?

Jul 22,2026 at 09:59am

SUI Futures Margin Mechanics1. SUI futures contracts on major derivatives exchanges apply tiered initial margin requirements based on position size an...