How BigONE trades perpetual contracts

To trade perpetual contracts on BigONE, create an account, deposit funds, navigate to the trading page, place and manage orders, and withdraw funds as needed.

Nov 25, 2024 at 10:11 pm

How BigONE Trades Perpetual Contracts

The perpetual contract is a type of derivative that allows traders to speculate on the future value of an underlying asset without having to take delivery of the asset itself. Perpetual contracts are similar to futures contracts, but they do not have an expiration date, which means that they can remain open indefinitely. This allows traders to hold positions for as long as they want, without having to worry about the contract expiring.

BigONE is a cryptocurrency exchange that offers perpetual contracts on a variety of underlying assets, including Bitcoin, Ethereum, and Litecoin. To trade perpetual contracts on BigONE, you will need to first create an account and deposit funds into your account. Once you have deposited funds into your account, you can then start trading perpetual contracts.

Here are the steps on how to trade perpetual contracts on BigONE:

1. Create an account on BigONE

To create an account on BigONE, you will need to visit the BigONE website and click on the "Sign Up" button. You will then be asked to provide your email address, password, and referral code (if you have one). Once you have provided this information, you will need to click on the "Create Account" button.

2. Deposit funds into your account

Once you have created an account on BigONE, you will need to deposit funds into your account before you can start trading perpetual contracts. To deposit funds into your account, you can click on the "Deposit" button on the BigONE website. You will then be asked to select the cryptocurrency that you want to deposit and the amount that you want to deposit. Once you have selected the cryptocurrency and the amount that you want to deposit, you will need to click on the "Deposit" button.

3. Start trading perpetual contracts

Once you have deposited funds into your account, you can then start trading perpetual contracts. To start trading perpetual contracts, you will need to click on the "Trade" button on the BigONE website. You will then be taken to the trading page for the perpetual contract that you want to trade.

On the trading page, you will see a chart of the perpetual contract's price history, as well as a number of other trading tools. To place an order, you will need to select the order type that you want to use, the quantity of the perpetual contract that you want to trade, and the price that you want to trade at. Once you have selected this information, you will need to click on the "Buy" or "Sell" button to place your order.

4. Manage your positions

Once you have placed an order, you will need to manage your positions. To manage your positions, you can click on the "Positions" tab on the BigONE website. On the Positions tab, you will see a list of all of your open positions. You can also view the profit and loss of each of your positions.

To close a position, you will need to click on the "Close Position" button. You will then be asked to select the quantity of the perpetual contract that you want to close and the price that you want to close at. Once you have selected this information, you will need to click on the "Close Position" button to close your position.

5. Withdraw funds from your account

Once you have closed all of your positions, you can then withdraw funds from your account. To withdraw funds from your account, you will need to click on the "Withdraw" button on the BigONE website. You will then be asked to