To begin trading with leverage at Monfex, you first need to deposit some cash into your account. You are allowed to deposit any amount of cash that you wish. The more you deposit, the higher will be the size your trades, and the higher profits you will be able to achieve.
Monfex provides its traders with a multi-account feature. This means that you have a choice over which cryptocurrency to use as an account currency. You can deposit in either BTC (Bitcoin), or ETH (Ethereum), or USDT (Tether), whichever you prefer.
To make the process of buying and depositing Ethereum quick and easy for you, here we provide you with step-by-step guidance.
How to buy Ethereum: Step-by-step guide
To buy Ethereum, we recommend using changelly.com. Here you can easily buy Ethereum with a credit card. Both Visa and MasterCard are accepted.
Please, proceed to changelly.com. There, in the upper right-hand corner you will find a form to fill, as shown in the picture below:
Within that form:
Select the currency of your credit card and the amount that you want to convert into Ethereum.
Select Ethereum as a target currency. You can specify the amount of Ethereum that you want to Buy, and the amount of the credit card currency will be adjusted automatically.
Paste your Ethereum address. Please, note that ETH address must be yours and under your full control. Make sure your wallet supports smart contract; otherwise, the crypto will not be delivered.
When done, press Continue.
On the next page, you will see the following:
Here you should enter your billing info, including, personal details, mobile phone, date of birth, and billing address.
When done, press Continue.
On the page that follows you will be asked to confirm your email address and mobile phone number for security reasons.
Please verify your email and mobile phone, and press Continue.
On the next page you will need to enter your payment details, as shown in the picture below:
When you enter all the payment details, please review your order summary to ensure that everything is correct, and then press PAY NOW.
Congratulations! You’ve successfully bought some amount of Ethereum, and now you’re ready to deposit it into your Monfex trading account.
How to deposit Ethereum: Step-by-step guide
As a final action, press the ‘Deposit’ button in the top right-hand corner of the trading platform, as shown on the screen below.
There you will find your unique deposit address denominated in Ethereum. To fund your account, you need to:
Copy that address (your unique deposit address),
Paste it into your own Ethereum wallet, and
Send to it the amount of Ethereum that you want to receive on your trading account.
Congratulations! Now you’re ready to Trade!