How to open a contract account in BigONE

Opening a contract account on BigONE requires registering, enabling 2FA, verifying identity, funding the spot account, and transferring funds to the contract account.

Dec 01, 2024 at 02:06 am

How to Open a Contract Account in BigONE

Step 1: Register for a BigONE Account

To open a contract account on BigONE, you will first need to register for an account on the platform. You can do this by visiting the BigONE website and clicking on the "Sign Up" button. You will then be required to provide your email address, password, and personal information. Once you have completed the registration process, you will be able to log in to your BigONE account.

Step 2: Enable Two-Factor Authentication (2FA)

For enhanced security, it is highly advisable to enable 2FA for your BigONE account. To do this, navigate to the "Security Settings" section of your account and select the 2FA option. You will then be prompted to scan a QR code using a mobile authenticator app. Once you have entered the verification code generated by the app, 2FA will be enabled for your account.

Step 3: Verify Your Identity

In order to unlock the full functionality of your BigONE contract account, you will need to complete the identity verification process. This involves submitting a valid government-issued ID, such as a passport or driver's license, and a proof of residency document, such as a utility bill or bank statement. The verification process can take several days to complete, so it is important to initiate it as early as possible.

Step 4: Fund Your Account

Before you can start trading crypto derivatives, you will need to fund your BigONE account. You can do this by depositing cryptocurrency or fiat currency into your account. To deposit cryptocurrency, navigate to the "Assets" section of your account and select the "Deposit" option. You will then be provided with a deposit address. To deposit fiat currency, you will need to use a third-party payment provider, such as bank transfer or credit card.

Step 5: Open a Contract Account

Once your account is funded, you can open a contract account. To do this, navigate to the "Contracts" section of the BigONE website and select the "Open Account" button. You will then be required to select the type of contract account you wish to open and the base currency you wish to use. BigONE offers a variety of contract account types, including perpetual swaps, futures, and options.

Step 6: Fund Your Contract Account

Once you have opened a contract account, you will need to fund it with margin. Margin is the collateral that you will use to trade derivatives. To fund your contract account, you can either transfer funds from your spot account or deposit cryptocurrency directly into your contract account.

Step 7: Start Trading Derivatives

Once your contract account is funded, you can start trading crypto derivatives. To do this, navigate to the "Contracts" section of the BigONE website and select the market you wish to trade. You will then need to choose the type of order you wish to place and enter the details of your order. BigONE offers a variety of order types, including limit orders, market