How to open BingX 10x contract

To initiate 10x Contract trading, traders must first create a BingX account, fund it, locate the desired trading pair, place an order specifying their strategy, leverage, and order type.

Nov 30, 2024 at 02:00 pm

Step 1: Create a BingX Account

Visit the BingX website and click on "Sign Up."
Provide your email address, create a password, and agree to the terms of service.
Verify your email address by clicking on the link sent to your inbox.
Choose between an individual or corporate account.
Complete your personal information and upload a photo of your ID card.
Once your account is verified, you can log in and start trading.

Step 2: Fund Your BingX Account

Go to the "Assets" page and click on "Deposit."
Select your preferred deposit method (fiat currency or cryptocurrency).
Follow the on-screen instructions to complete the deposit process.

Step 3: Find the 10x Contract

Go to the "Markets" page.
Search for the desired trading pair (e.g., BTC/USDT).
Select the "10x" tab located at the top of the trading pair.

Step 4: Place a 10x Contract Order

Decide on your trading strategy (long or short) and specify the contract amount.
Set the leverage ratio (up to 10x).
Determine the order type (market order or limit order).
Review your order details and click on "Place Order."

Step 5: Monitor Your 10x Contract Position

Go to the "Orders" page to view the status of your open positions.
Use stop-loss and take-profit orders to manage your risk.
Keep track of the market fluctuations and adjust your strategy accordingly.

Step 6: Close Your 10x Contract Position

Go to the "Positions" page to close your open positions.
Select the "Close" button for the desired position.
Confirm the closing price and click on "Close Position."

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