How to lock BitFlyer contract

To safeguard your investments, ensure you activate contract trading on your BitFlyer account before locking contracts.

Nov 18, 2024 at 01:46 pm

How to Lock BitFlyer ContractStep 1: Create a BitFlyer Account

If you don't have a BitFlyer account, you can create one by visiting the BitFlyer website.
Click the [Sign Up](https://bitflyer.com/en/register) button and fill out the registration form.
Enter your email address, password, and country of residence.
Agree to the BitFlyer Terms of Service and Privacy Policy.
Click the [Sign Up] button.
You will receive an email from BitFlyer to verify your email address.
Click the verification link in the email.
You can now login to your BitFlyer account.

Step 2: Enable Contract Trading

Before you can lock a contract, you need to enable contract trading on your account.
Login to your BitFlyer account.
Click on the [Settings] tab.
Click on the [Account Settings] tab.
Click on the [Enable Contract Trading] button.
Read the disclaimer and click on the [Enable] button.
Contract trading has now been enabled on your account.

Step 3: Transfer Funds to Your Contract Account

Before you can lock a contract, you need to transfer funds into your contract account.
Login to your BitFlyer account.
Click on the [Assets] tab.
Find the [Contract] section and click on the [Deposit] button.
Enter the amount of funds you want to deposit and click on the [Deposit (JPY)] button.
Your funds will now be transferred into your contract account.

Step 4: Select the Contract You Want to Lock

BitFlyer offers a variety of different contracts, including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP).
You can view the available contracts on the BitFlyer website.
Once you have selected the contract you want to lock, click on the [Lock] button.

Step 5: Enter the Lock Parameters

When you lock a contract, you need to enter the following parameters:
- Contract Type: The type of contract you want to lock.
- Contract Amount: The number of contracts you want to lock.
- Unlock Target: The price at which you want your contracts to be unlocked.
- Loss Cut: The price at which you want your contracts to be closed out at a loss.
Once you have entered all of the required parameters, click on the [Lock] button.
Your contracts will now be locked.

Step 6: Monitor Your Contracts

Once you have locked your contracts, you can monitor them on the BitFlyer website.
Login to your BitFlyer account.
Click on the [Contracts] tab.
You will see a list of all of your open contracts.
You can track the current price of your contracts and their profit/loss.

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！

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