How to open high-density contracts on Crypto.com

To trade high-density contracts on Crypto.com, follow these steps: create an account, fund it, navigate to the contracts page, choose a contract, enter order details, manage your position, and close it when ready.

Dec 01, 2024 at 12:37 pm

How to Open High-Density Contracts on Crypto.com

Step 1: Create an Account on Crypto.com

• Visit the Crypto.com website and click on "Sign Up."
• Enter 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.
• Once your email is verified, you will need to complete the KYC process. This involves providing your full name, date of birth, address, and a government-issued ID.
• Once your KYC is approved, you will be able to start trading on Crypto.com.

Step 2: Fund Your Account

• There are several ways to fund your Crypto.com account. You can deposit fiat currency via bank transfer, credit/debit card, or PayPal. You can also deposit cryptocurrency from another wallet.
• To deposit fiat currency, click on "Deposit" in the top right corner of the Crypto.com website. Select your preferred deposit method and follow the instructions.
• To deposit cryptocurrency, click on "Transfer" in the top right corner of the Crypto.com website. Select "Deposit" and then select the cryptocurrency you want to deposit. Follow the instructions to complete the deposit.

Step 3: Navigate to the High-Density Contracts Page

• Once your account is funded, you can start trading high-density contracts. To do this, click on "Derivatives" in the top menu bar of the Crypto.com website. Then, click on "High-Density Contracts."
• The high-density contracts page will show a list of all available contracts. You can filter the contracts by underlying asset, contract type, and expiry date.

Step 4: Choose a Contract to Trade

• When you have found a contract to trade, click on the "Trade" button. This will open the order form.

• In the order form, you will need to enter the following information:

  • Contract size: The number of contracts you want to trade.
  • Price: The price at which you want to buy or sell the contract.
  • Side: Whether you want to buy or sell the contract.
  • Leverage: The amount of leverage you want to use.
• Once you have entered all of the required information, click on the "Place Order" button.

Step 5: Manage Your Position

• Once you have opened a position, you can manage it by clicking on the "My Positions" tab in the top menu bar of the Crypto.com website.
• From the My Positions page, you can view your open positions, close positions, and set stop-loss and take-profit orders.

Step 6: Close Your Position

• When you are ready to close your position, click on the "Close Position" button. This will close the position at the current market price.
• You can also close your position by setting a stop-loss or take-profit order. A stop-loss order will close your position if the price of the underlying asset falls below a certain level. A take-profit order will close your position if the price of the underlying asset rises above a certain level.