BigONE contract trading steps

For contract trading on BigONE, after opening an account and funding it, you'll need to create a contract trading account and familiarize yourself with the process of opening orders, choosing contracts, monitoring positions, and closing them.

Nov 26, 2024 at 11:56 am

BigONE Contract Trading Steps

1. Open a BigONE Account

Visit the BigONE website or download the BigONE app.
Click on "Sign Up" and create an account by providing your email address, phone number, and setting up a password.
Complete the KYC verification process by uploading your ID and proof of residency.

2. Fund Your Account

Deposit Crypto: Transfer cryptocurrencies from your external wallet to your BigONE account.
Buy Crypto: Purchase cryptocurrencies directly on BigONE using your credit/debit card or bank transfer.
Transfer from Another Exchange: Withdraw cryptocurrencies from another exchange and deposit them into your BigONE account.

3. Open a Contract Trading Account

Go to the "Contracts" section on the BigONE platform.
Click on "Open Contract Account."
Read and agree to the terms and conditions.

4. Choose a Contract

BigONE offers a range of perpetual futures contracts, including BTC, ETH, EOS, and XRP.
Select the contract you want to trade by clicking on its ticker symbol.

5. Place an Order

Long Position: Buy the contract if you believe the underlying asset's price will rise.
Short Position: Sell the contract if you believe the underlying asset's price will fall.
Specify the order type (limit or market), quantity, and leverage.

6. Monitor Your Positions

Track the performance of your open positions in the "Positions" section.
Adjust your orders or close your positions if necessary.

7. Close Your Positions

Click on the "Close" button for the specific position you want to close.
Confirm the closing price and quantity.
The profit or loss from the closed position will be credited/debited to your contract trading account.

8. Withdraw Your Funds

Once you have closed all your positions, you can withdraw your funds from the BigONE contract trading account.
Go to the "Withdraw" section and select the cryptocurrency you want to withdraw.
Enter the withdrawal address and amount.
Confirm the withdrawal and wait for the funds to be processed.

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