Mobile BigONE contract operation process

Through BigONE's mobile app, users can easily create an account, complete KYC verification, fund their account via crypto deposits or card purchases, trade contracts with various tools, manage risk with stop-loss and leverage settings, and withdraw funds securely.

Nov 29, 2024 at 06:20 pm

Mobile BigONE Contract Operation Process

1. Account Registration and KYC Verification

• Download the BigONE app on your mobile device and install it.
• Open the app and click on "Register" to create a new account.
• Enter your email address, create a password, and select a verification method (email/mobile).
• Submit the necessary information and complete the registration process.
• Once your account is created, you will need to verify your identity by completing the KYC (Know Your Customer) verification process.
• Provide personal information, such as your full name, ID card number, and residential address.
• Upload a photo of your identity document (e.g., passport or driver's license) and submit it for verification.
• Wait for the verification process to complete, which may take up to several hours.

2. Funding Your Account

• Log in to your BigONE account on the mobile app.
• Click on the "Assets" tab and select "Deposit."
• Choose the cryptocurrency you want to deposit and generate a deposit address.
• Copy the deposit address and send the corresponding amount of cryptocurrency from another wallet or exchange.
• Wait for the deposit to be confirmed on the blockchain.
• Alternatively, you can use a credit or debit card to purchase cryptocurrencies directly through the BigONE app.
• Click on the "Trade" tab, select "Buy Crypto," and follow the on-screen instructions to complete the purchase.

3. Selecting and Trading Contracts

• Once your account is funded, you can start trading contracts on BigONE.
• Click on the "Contract" tab on the mobile app.
• Choose a contract market (e.g., BTCUSDT) and click on it to open the trading interface.
• The trading interface provides various tools and indicators for technical analysis.
• You can place different order types, such as limit orders, market orders, and stop orders.
• Monitor the order book and market depth to assess supply and demand.

4. Managing Risk and Monitoring Positions

• Contracts trading involves significant risk, so it's crucial to implement a risk management strategy.
• Set stop-loss orders to limit potential losses.
• Adjust leverage levels carefully to balance risk and potential rewards.
• Monitor your positions regularly and close them when necessary.
• BigONE offers a "Smart Liquidation Protection" feature, which helps prevent unexpected liquidations due to market volatility.
• The "Risk Management" section in the trading interface provides real-time risk indicators to assist traders in making informed decisions.

5. Withdrawing Funds

• To withdraw funds from your BigONE account, click on the "Assets" tab and select "Withdraw."
• Enter the amount you want to withdraw, select the cryptocurrency, and provide the withdrawal address.
• Confirm the withdrawal and wait for the transaction to be processed.
• Withdrawals may take several hours or even days to complete, depending on the blockchain network.
• Ensure that you have sufficient funds available (including applicable withdrawal fees) before initiating a withdrawal request.
• Double-check the withdrawal address to avoid sending funds to the wrong address.