BigONE Exchange novice registration and trading tutorial

To create an account on BigONE Exchange, beginners need to provide their email address, set a password, complete human verification, and activate their account through a confirmation link sent to their email.

Dec 02, 2024 at 07:38 pm

BigONE Exchange: A Comprehensive Guide for Beginners

Step 1: Account Creation

• Visit the BigONE Exchange official website.
• Click on "Sign Up."
• Enter your email address and create a password.
• Complete the human verification process.
• Check your email for a confirmation link and click it to activate your account.

Step 2: Identity Verification

• Navigate to the "Account Center" and select "Verification."
• Provide your personal information, including your full name, ID number, and address.
• Upload a clear image of your valid identification document (e.g., passport, driver's license).
• Once your identity is verified, you will be allowed to increase your daily withdrawal limits and access advanced trading features.

Step 3: Depositing Funds

• Select "Deposit" from the top navigation bar.
• Choose the cryptocurrency you wish to deposit.
• Copy the deposit address or scan the QR code provided.
• Transfer your cryptocurrency from an external wallet or exchange to the provided address.
• Deposits may take several minutes or even hours to reflect in your account, depending on the blockchain network.

Step 4: Trading Cryptocurrencies

• Locate the "Exchange" tab on the top menu.
• Select the trading pair you wish to trade (e.g., BTC/USDT).
• Familiarize yourself with the order book, which displays the current bid and ask prices for the selected pair.
• Choose the order type that suits your trading strategy: limit, market, or stop-limit.
• Enter the desired price, quantity, and order type.
• Click "Buy" or "Sell" to execute your order.

Step 5: Market Orders

• Market orders execute immediately at the current market price.
• Pros: Fast and convenient, especially when price movements are significant.
• Cons: Prone to slippage, where the execution price may differ from the anticipated price.

Step 6: Limit Orders

• Limit orders execute at a specific price specified by the trader.
• Pros: Provides control over the execution price, reducing the risk of slippage.
• Cons: May not execute if the market price does not meet the specified price.

Step 7: Stop-Limit Orders

• Stop-limit orders combine two types of orders: a stop order and a limit order.
• Pros: Allows traders to set a trigger price at which a limit order is submitted.
• Cons: More complex to set up and may not be suitable for all trading strategies.

Step 8: Withdrawing Funds

• Navigate to the "Account Center" and select "Withdrawal."
• Choose the cryptocurrency you wish to withdraw.
• Enter the withdrawal address (e.g., your personal wallet address).
• Specify the withdrawal amount.
• Withdrawals are subject to transaction fees and may take several hours or days to process, depending on the network.