How to activate Crypto.com 100x contract

How to Activate Crypto.com 100x Contract

Step 1: Understand What 100x Contracts Are

Crypto.com 100x contracts are leveraged products that allow traders to multiply their potential profits by up to 100 times. However, this high leverage also amplifies potential losses, making these contracts suitable only for experienced traders with a sound understanding of risk management.

Step 2: Check Eligibility and Jurisdiction Restrictions

Before activating 100x contracts, ensure you meet the eligibility criteria and that your jurisdiction allows for their trading. Crypto.com has specific requirements and restrictions for different regions.

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

For enhanced security, Crypto.com requires all users to enable 2FA. This additional layer of protection helps safeguard your account from unauthorized access.

Step 4: Complete the Risk Assessment

Crypto.com conducts a risk assessment to gauge traders' understanding of leveraged products. This evaluation ensures traders fully comprehend the risks involved in 100x contract trading.

Step 5: Activate 100x Contracts on Crypto.com

Once you have completed the steps outlined in the previous sections, you can proceed to activate 100x contracts on the Crypto.com platform:

1. Log in to your Crypto.com account.
2. Navigate to the "Derivatives" section.
3. Select "100x Contracts" from the available options.
4. Read and acknowledge the risk warning.
5. Enable the 100x contract trading feature.

Note: Depending on your region, you may require additional steps or approvals to fully activate 100x contracts on Crypto.com.

Step 6: Deposit Funds into Your Trading Account

To start trading 100x contracts, you need to fund your trading account. Crypto.com supports various deposit methods, including cryptocurrencies, fiat currency transfers, and credit/debit cards.

Step 7: Familiarize Yourself with the 100x Contract Trading Interface

The Crypto.com 100x contract trading interface is user-friendly and offers numerous features to enhance your trading experience. Before placing any trades, take some time to familiarize yourself with the platform's layout and trading tools.

Step 8: Start Trading 100x Contracts

Once you have funded your trading account and understood the trading interface, you can start trading 100x contracts. Remember to manage your risk carefully and always trade within your means.