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  • Fear & Greed Index:
  • Market Cap: $3.4448T 2.380%
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BigONE Coin Margin Trading Tutorial

To engage in Coin Margin trading on BigONE, users must first enable the feature, fund their account with the asset they intend to trade, and subsequently set loan parameters to determine the leverage they desire.

Nov 27, 2024 at 01:58 pm

BigONE Coin Margin Trading Tutorial: A Comprehensive Guide

Step 1: Enable Coin Margin Trading

  • Navigate to your BigONE account and hover over the "Trade" tab.
  • Select "Coin Margin" from the drop-down menu.
  • Click the "Enable" button and follow the on-screen instructions.
  • Once enabled, you can access the Coin Margin trading interface.

Step 2: Fund Your Trading Account

  • You need to fund your trading account with the underlying asset you wish to trade on margin.
  • Navigate to the "Assets" tab, select "Deposit," and choose the corresponding coin.
  • Follow the instructions provided to transfer funds into your account.
  • Ensure that you credit the correct coin address for the asset you wish to leverage.

Step 3: Set Loan Parameters

  • From the Coin Margin trading interface, choose the desired trading pair.
  • Enter the amount of the asset you want to borrow and the margin level you desire.
  • The margin level determines the ratio of borrowed funds to your own equity.
  • A higher margin level provides more leverage but also increases the risk of liquidation.

Step 4: Place an Order

  • Select the order type you want to execute, such as Limit, Market, or Stop-Limit.
  • Enter the order quantity, which represents the notional value of the position.
  • Set the order price for Limit and Stop-Limit orders.
  • Review the order details to ensure everything is correct.
  • Click the "Buy" or "Sell" button to submit your order.

Step 5: Monitor Your Positions

  • Your open orders and active positions can be viewed under the "Positions" tab.
  • Monitor your positions regularly to adjust or close them as needed.
  • The order book provides a real-time view of the bid and ask orders for your traded asset.
  • Use the Stop-Loss and Take-Profit orders to manage your risk and protect your gains.

Step 6: Manage Margin and Leverage

  • The margin level of your positions is crucial to ensure their sustainability.
  • BigONE provides alerts when your margin level reaches certain thresholds.
  • Adjust the loan parameters or deposit additional funds to maintain a sufficient margin level.
  • The liquidation price indicates the point at which your position will be forcibly closed to protect the exchange.
  • Manage your positions closely to avoid reaching this threshold.

Step 7: Close Positions and Repay Loan

  • To close a position, navigate to the "Positions" tab and select the one you want to terminate.
  • Click the "Close" button and confirm the cancellation.
  • The borrowed amount will be repaid automatically using the available balance in your trading account.

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.

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