How to lock BitMEX contract

Step 1 in creating a BitMEX account involves visiting the official website, providing personal information, agreeing to terms, and clicking "Create Account."

Nov 09, 2024 at 12:49 pm

Step 1: Create a BitMEX Account

Visit the official BitMEX website (https://www.bitmex.com/) and click on the "Sign Up" button.
Provide your email address, username, and password.
Agree to the Terms of Service and Privacy Policy.
Click on the "Create Account" button.

Step 2: Verify Your Email Address

A verification email will be sent to your provided email address.
Open the email and click on the verification link.
You will be redirected to the BitMEX website.

Step 3: Enable Two-Factor Authentication (2FA)

To enhance the security of your account, enable 2FA.
Choose between Google Authenticator or SMS verification.
Follow the on-screen instructions to set up 2FA.

Step 4: Fund Your BitMEX Account

You can fund your BitMEX account using Bitcoin (BTC), Ether (ETH), or Tether (USDT).
Click on the "Deposits" tab and select the desired cryptocurrency.
Copy the deposit address and transfer the funds to your BitMEX account.

Step 5: Navigate to the Contracts Market

Click on the "Contracts" tab in the navigation bar.
Select the perpetual contract you wish to lock, e.g., XBTUSD.
Review the contract details, including trading hours, minimum margin, and settlement date.

Step 6: Place a Market Order

To lock a BitMEX contract, place a market order.
Enter the desired quantity of the contract (in number of notional units).
Click on the "Buy" or "Sell" button, depending on your trade direction.
Confirm the order details and execute the trade.

Step 7: Monitor Your Position

After locking the contract, your position will appear in the "Positions" tab.
Monitor the position's performance, including its price, profit/loss, and margin.
Make adjustments to your position as needed, such as adjusting the leverage or taking profit.

Step 8: Close Your Position

To close your locked position, place a market order in the opposite direction.
For example, if you bought a contract, place a sell order to close the position.
Wait for the order to be executed and confirm the closure of your position.

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

RAIN

$0.007852

113.00%

Trade Now
PIPPIN

$0.06097

51.96%

Trade Now
PARTI

$0.1396

42.04%

Trade Now
WAVES

$0.9141

41.69%

Trade Now
ARC

$0.04302

35.73%

Trade Now
HONEY

$0.01029

21.80%

Trade Now

Latest Crypto News

Chain Ecosystem Ignites: Latest Updates and XCN News Unveiling Dynamic Growth
2026-02-10 13:05:01
MicroStrategy's Michael Saylor Doubles Down on Bitcoin Bet Amidst Market Turmoil
2026-02-10 12:40:03
Digital Numismatics Takes Center Stage: Apps & AI Revolutionize Coin Collecting Software
2026-02-10 13:05:01
XRP and Ripple Navigate Regulatory Currents: A Look Ahead
2026-02-10 13:00:02
Luna Classic (LUNC) Price Prediction: Navigating the $1 Dream Amidst Shifting Market Dynamics
2026-02-10 13:00:02
Big Shifts: Bitcoin ETF Swaps & Credit Tools Usher In a New Era for Institutions
2026-02-10 12:55:01

Related knowledge

How to Maximize Leverage Safely for Day Trading Crypto?

Feb 08,2026 at 01:19am

Understanding Leverage Mechanics in Crypto Derivatives1. Leverage multiplies both potential gains and losses by allowing traders to control larger pos...

How to Set Up a "One-Click" Trading Interface for Scalping?

Feb 09,2026 at 10:59pm

Core Architecture Requirements1. A low-latency WebSocket connection must be established directly with the exchange’s order book feed to receive real-t...

How to Trade Ethereum Futures Before and After Major Upgrades?

Feb 08,2026 at 09:40am

Understanding Ethereum Futures Mechanics1. Ethereum futures contracts are standardized agreements to buy or sell ETH at a predetermined price and date...

How to Find High-Liquidity Pairs for Large Contract Trades?

Feb 08,2026 at 06:20pm

Finding High-Liquidity Pairs for Large Contract TradesTraders executing large contract orders must prioritize liquidity to avoid slippage and price im...

How to Use "Mark Price" vs. "Last Price" to Prevent Liquidation?

Feb 07,2026 at 05:39pm

Understanding Mark Price Mechanics1. Mark price is a composite value derived from multiple spot exchange indices and funding rate adjustments, designe...

How to Calculate "Return on Equity" (ROE) in Leverage Trading?

Feb 08,2026 at 04:39am

Understanding Return on Equity in Leverage Trading1. Return on Equity (ROE) in leverage trading measures the profitability generated relative to the t...