How to add margin to BigONE contract

Margin trading offers increased profit potential, but understanding the risks associated with borrowing exchange funds is crucial before engaging in this strategy.

Nov 26, 2024 at 12:36 am

How to Add Margin to BigONE Contract

Margin trading is a powerful tool that allows traders to increase their potential profits by borrowing funds from the exchange. However, it is important to understand the risks involved before using margin trading.

Step 1: Open a Margin Account

To trade on margin on BigONE, you must first open a margin account. To do this, log in to your BigONE account and click on the "Margin" tab. Then, click on the "Open Margin Account" button.

Step 2: Choose a Trading Pair

Once you have opened a margin account, you need to choose a trading pair to trade. BigONE offers a variety of trading pairs, including BTC/USDT, ETH/USDT, and XRP/USDT.

Step 3: Set Your Margin Level

The margin level is the amount of leverage you want to use. The higher the margin level, the more leverage you will have. However, the higher the margin level, the greater the risk of being liquidated.

Step 4: Place Your Order

Once you have set your margin level, you can place your order. To do this, click on the "Buy" or "Sell" button. Then, enter the amount of the order and the price you want to pay.

Step 5: Manage Your Margin Position

Once you have placed your order, you need to manage your margin position. This includes monitoring your profit and loss, and adjusting your margin level as needed.

Step 6: Close Your Margin Position

When you are finished trading, you need to close your margin position. To do this, click on the "Close Margin Position" button. Then, enter the amount of the order and the price you want to sell at.

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.

Fear & Greed Index

Trade Now

Biggest Gainers

MEME

$0.0021

47.74%

Trade Now
GMT

$0.0580

35.59%

Trade Now
WAXP

$0.0279

29.94%

Trade Now
T

$0.0201

28.16%

Trade Now
KEEP

$0.0934

26.96%

Trade Now
STMX

$0.0043

18.47%

Trade Now

Latest Crypto News

Codename:Pepe dips 30% from March highs, sparking investor interest in Codename:Pepe's AI-powered alternative.
2025-04-19 14:20:14
Despite Its Elevated Position as the World's Premier Meme Coin, Dogecoin (DOGE) Has Been Struggling
2025-04-19 14:20:13
Market Update: Crypto Market Remains Steady at $2.79 Trillion with Minimal 0.14% Growth
2025-04-19 14:15:13
Can Mantra (OM) Bounce Back? How High Can the Price Go After 90% Crash?
2025-04-19 14:15:13
President Donald Trump Said at a 2024 Campaign Event That He Wanted All Remaining Bitcoin
2025-04-19 14:10:13
Qubetics ($TICS): The New Frontier in Blockchain Interoperability
2025-04-19 14:10:13

Related knowledge

How does Tail Protection reduce the loss of liquidation?

Apr 11,2025 at 01:50am

Introduction to Tail Protection in CryptocurrencyTail Protection is a mechanism designed to mitigate the risks associated with liquidation in cryptocurrency trading. Liquidation occurs when a trader's position is forcibly closed by the exchange due to insufficient margin to cover potential losses. This often happens in leveraged trading, where traders b...

What are the consequences of an imbalance in the long-short ratio?

Apr 13,2025 at 02:50pm

The long-short ratio is a critical metric in the cryptocurrency trading world, reflecting the balance between bullish and bearish sentiments among traders. An imbalance in this ratio can have significant consequences on the market dynamics, affecting everything from price volatility to trading strategies. Understanding these consequences is essential fo...

How to judge the market trend by the position volume?

Apr 11,2025 at 02:29pm

Understanding how to judge the market trend by position volume is crucial for any cryptocurrency trader. Position volume, which refers to the total number of open positions in a particular cryptocurrency, can provide valuable insights into market sentiment and potential price movements. By analyzing this data, traders can make more informed decisions ab...

Why does a perpetual contract have no expiration date?

Apr 09,2025 at 08:43pm

Perpetual contracts, also known as perpetual futures or perpetual swaps, are a type of derivative product that has gained significant popularity in the cryptocurrency market. Unlike traditional futures contracts, which have a fixed expiration date, perpetual contracts do not expire. This unique feature raises the question: why does a perpetual contract ...

Why is the full-position mode riskier than the position-by-position mode?

Apr 13,2025 at 03:42pm

Why is the Full-Position Mode Riskier Than the Position-by-Position Mode? In the world of cryptocurrency trading, the choice between full-position mode and position-by-position mode can significantly impact the risk profile of a trader's portfolio. Understanding the differences between these two modes is crucial for making informed trading decisions. Th...

How is the liquidation price calculated?

Apr 12,2025 at 01:35am

Introduction to Liquidation PriceLiquidation price is a critical concept in the world of cryptocurrency trading, particularly when dealing with leveraged positions. Understanding how this price is calculated is essential for traders to manage their risk effectively. The liquidation price is the point at which a trader's position is forcibly closed by th...