How to activate contract trading with ProBit Global

To activate contract trading on ProBit Global, log in to your account, navigate to "Settings," click on "Contract Trading" under "Trading Settings," and confirm to enable it.

Nov 25, 2024 at 04:10 pm

A Comprehensive Guide to Activating Contract Trading with ProBit Global

Introduction

Contract trading is a powerful tool that allows traders to speculate on the price movements of various underlying assets, such as cryptocurrencies, commodities, and indices. ProBit Global, a leading cryptocurrency exchange, offers a robust platform for contract trading with competitive fees, deep liquidity, and a wide range of trading pairs.

To participate in contract trading on ProBit Global, you must first activate this feature on your account. This guide will provide a step-by-step walkthrough of the activation process, ensuring that you can seamlessly transition from spot trading to the exciting world of contract trading.

Step 1: Registration (Skip if Already Registered)

If you are not yet a registered user on ProBit Global, navigate to the official website and click on the "Register" button located on the top right corner. Enter the required information, including email address, password, and referral code (if applicable), and click "Sign Up." Verify your email address to complete the registration process.

Step 2: Identity Verification

To comply with regulatory requirements and enhance the security of your account, ProBit Global requires users to complete the identity verification process. This involves submitting your government-issued ID (e.g., passport, national ID card) and a selfie. Upload the necessary documents and follow the instructions to complete the verification process.

Step 3: Enable Contract Trading

Once you have successfully registered and verified your identity, you need to activate contract trading on your account. Log in to your ProBit Global account and navigate to the "Settings" section. Under the "Trading Settings" tab, scroll down and locate the "Contract Trading" option. Click on the "Enable" button and confirm your action.

Step 4: Fund Your Account (Deposit)

To start contract trading, you need to deposit funds into your ProBit Global account. Navigate to the "Deposit" section and select the preferred deposit method (e.g., cryptocurrency, fiat currency, etc.). Follow the instructions to complete the deposit process. Ensure that you deposit the supported cryptocurrencies for contract trading, such as USDT, BTC, ETH, etc.

Step 5: Activate Margin Trading (Optional)

Margin trading allows traders to amplify their potential returns by leveraging funds borrowed from the exchange. However, it also increases the risk associated with trading. If you are not comfortable with the potential risks, you can skip this step and proceed directly to the next one.

To activate margin trading, navigate to the "Margin" section in the "Trading Settings" tab. Click on the "Enable" button and allocate the desired amount of funds for margin trading. Remember, margin trading may lead to substantial losses, so trade responsibly and only with funds you can afford to lose.

Step 6: Access the Contract Trading Platform

With contract trading activated and your account funded, you can now access the ProBit Global contract trading platform. Navigate to the "Derivatives" section in the top menu. Here, you will find the full suite of contract trading tools and features, including order placement, market analysis charts, and real-time price updates.

Conclusion

Activating contract trading with ProBit Global is a straightforward and convenient process that empowers traders with the ability to speculate on price movements of various assets. By following the steps outlined in this guide, you can seamlessly enable this exciting trading feature and unlock the potential for enhanced returns.

Remember to trade responsibly, manage your risks effectively, and continuously educate yourself about contract trading strategies and market trends. With ProBit Global's intuitive platform and comprehensive offerings, you can embark on your contract trading journey with confidence.