Contract

Text

How to open a contract account on AscendEX

With AscendEX's contract trading option, traders can speculate on future asset prices without owning the underlying asset, offering a potentially lucrative but risk-managed trading avenue.

Nov 24, 2024 at 09:57 am

How to Open a Contract Account on AscendEX

Introduction

AscendEX is a leading cryptocurrency exchange that offers a wide range of trading options, including contract trading. Contract trading allows traders to speculate on the future price of an asset without owning the underlying asset. This can be a lucrative way to trade, but it is also important to understand the risks involved.

Step 1: Create an AscendEX Account

If you do not already have an AscendEX account, you will need to create one. This is a simple process that can be completed in a few minutes. Simply visit the AscendEX website and click on the "Sign Up" button. You will then be asked to provide some basic information, such as your name, email address, and password. Once you have provided this information, you can click on the "Create Account" button.

Step 2: Verify Your Identity

Once you have created an account, you will need to verify your identity. This is a requirement for all AscendEX users who wish to trade contracts. To verify your identity, you will need to provide a government-issued ID, such as a passport or driver's license. You will also need to provide a proof of address, such as a utility bill or bank statement.

Step 3: Fund Your Account

Once your identity has been verified, you can fund your account. AscendEX accepts a variety of payment methods, including wire transfer, credit card, and debit card. To fund your account, simply click on the "Deposit" button and select your preferred payment method.

Step 4: Open a Contract Account

Once your account has been funded, you can open a contract account. To do this, simply click on the "Contracts" tab and then click on the "Open Account" button. You will then be asked to provide some basic information, such as the type of contract you wish to trade and the amount of leverage you wish to use. Once you have provided this information, you can click on the "Open Account" button.

Step 5: Start Trading

Once your contract account has been opened, you can start trading. To do this, simply select the contract you wish to trade and then click on the "Buy" or "Sell" button. You can also use the "Stop Limit" or "Take Profit" orders to manage your risk.

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

SCC

$11.67

441.60%

Trade Now
LKY

$8.69

85.80%

Trade Now
KSM

$44.68

81.45%

Trade Now
FRED

$0.1255

75.55%

Trade Now
SAND

$0.6350

64.13%

Trade Now
MANA

$0.7073

51.75%

Trade Now

Latest Crypto News

The Avalanche Effect: How Cryptocurrency Booms Impact Lives Globally
2024-11-24 12:15:01
These Under-$1 Tokens Are Being Pinned as Future Titans Capable of Surpassing Meme Coins
2024-11-24 12:25:02
Shiba Inu (SHIB) May Soon Break Out to Reach a Seven-Month High, Suggests Crypto Analyst Carl The Moon
2024-11-24 12:15:01
Altcoin Season: A Seismic Shift in the Cryptocurrency World
2024-11-24 12:15:01
PropiChain (PCHAIN) Captures the Imagination of Forward-Thinking Investors Looking for Its 20,203% Surge in Q1 2025
2024-11-24 12:15:01
RCO Finance (RCOF): The DOGE Killer Eclipsing Dogecoin and Cardano in 2024
2024-11-24 12:15:01

Related knowledge

How Crypto.com Trades Contracts

Nov 24,2024 at 12:46pm

How Crypto.com Trades ContractsAs a leading cryptocurrency exchange, Crypto.com offers various trading options to its users, including contract trading. Contract trading, also known as futures trading, allows traders to speculate on the future price of cryptocurrencies without actually owning the underlying asset. Crypto.com's contract trading platform ...

How to use BitMart contract address

Nov 24,2024 at 01:22pm

How to Use BitMart Contract Address: A Comprehensive GuideIntroductionBitMart is a leading cryptocurrency exchange that offers a wide range of features, including spot trading, margin trading, and futures trading. In this comprehensive guide, we will explore how to use the BitMart contract address to trade futures contracts.Step 1: Understanding Futures...

BitMart contract calculation formula

Nov 24,2024 at 09:13am

BitMart Contract Calculation Formula: A Comprehensive GuideBitMart, a leading cryptocurrency exchange, offers a robust platform for users to trade various digital assets, including perpetual contracts. These contracts are financial instruments that allow traders to speculate on the future price of an underlying asset, such as Bitcoin or Ethereum. To ens...

How to sell BitMart contracts

Nov 24,2024 at 12:28pm

How to Sell BitMart ContractsPart 1: Understanding BitMart ContractsBitMart contracts are a type of derivative financial instrument that allows traders to speculate on the future price of an underlying asset, such as cryptocurrency or a commodity. Contracts are traded on a futures exchange, and they give the buyer the right to buy or sell the underlying...

ProBit Global contract calculation formula

Nov 24,2024 at 09:41am

ProBit Global Contract Calculation FormulaProBit Global's contract calculation formula is a set of mathematical equations used to determine the profit or loss of a trader's contract position. The formula takes into account the following factors:The contract's entry priceThe contract's exit priceThe contract's leverageThe contract's sizeThe formula is as...

How to sell ProBit Global contracts

Nov 24,2024 at 12:44pm

How to Sell ProBit Global ContractsProBit Global is a cryptocurrency exchange that offers a variety of trading options, including contracts. Contracts are a type of derivative that allows you to speculate on the price of an underlying asset without having to own the asset itself. This can be a great way to trade cryptocurrencies without having to worry ...