How to play BigONE exchange contracts

To participate in futures trading on BigONE exchange, traders should familiarize themselves with the steps involved, including creating an account, depositing funds, selecting the desired futures contract, understanding the order form, and monitoring their open positions.

Nov 28, 2024 at 10:08 am

How to Play BigONE Exchange Contracts

BigONE is a cryptocurrency exchange that offers a variety of trading options, including spot trading, margin trading, and futures trading. Futures contracts are a type of derivative that allows traders to speculate on the future price of an asset.

To play BigONE exchange contracts, you will need to:

1. Create an account on BigONE. You can create an account by visiting the BigONE website and clicking on the "Sign Up" button.
2. Deposit funds into your account. You can deposit funds into your account by clicking on the "Deposit" button on the BigONE website.
3. Choose a futures contract to trade. BigONE offers a variety of futures contracts to trade, including BTC/USDT, ETH/USDT, and EOS/USDT. You can view the available futures contracts by clicking on the "Futures" tab on the BigONE website.
4. Place an order. Once you have chosen a futures contract to trade, you can place an order by clicking on the "Buy" or "Sell" button on the order form.
5. Monitor your order. Once you have placed an order, you can monitor its status by clicking on the "Orders" tab on the BigONE website.

Step 1: Creating an Account on BigONE

To create an account on BigONE, visit the BigONE website and click on the "Sign Up" button. You will be prompted to enter your email address, password, and referral code (if you have one). Once you have entered this information, click on the "Sign Up" button to create your account.

Step 2: Depositing Funds into Your Account

To deposit funds into your BigONE account, click on the "Deposit" button on the BigONE website. You will be prompted to select a deposit method. BigONE supports a variety of deposit methods, including bank transfer, credit card, and cryptocurrency. Once you have selected a deposit method, follow the instructions on the screen to complete your deposit.

Step 3: Choosing a Futures Contract to Trade

BigONE offers a variety of futures contracts to trade, including BTC/USDT, ETH/USDT, and EOS/USDT. You can view the available futures contracts by clicking on the "Futures" tab on the BigONE website.

Each futures contract has a different underlying asset, expiration date, and contract size. The underlying asset is the asset that the futures contract is based on. The expiration date is the date on which the futures contract expires. The contract size is the number of units of the underlying asset that each futures contract represents.

When choosing a futures contract to trade, you should consider the following factors:

• The underlying asset: The underlying asset is the asset that the futures contract is based on. You should choose a futures contract that is based on an asset that you are familiar with and that you believe has the potential to increase in value.
• The expiration date: The expiration date is the date on which the futures contract expires. You should choose a futures contract that has an expiration date that is far enough in the future to give you enough time to profit from your trade.
• The contract size: The contract size is the number of units of the underlying asset that each futures contract represents. You should choose a futures contract that has a contract size that is appropriate for your trading style and risk tolerance.

Step 4: Placing an Order

Once you have chosen a futures contract to trade, you can place an order by clicking on the "Buy" or "Sell" button on the order form. The order form will ask you to enter the following information:

• The order type: The order type specifies the type of order that you want to place. There are two types of orders: market orders and limit orders. Market orders are executed immediately at the current market price