Set Up Trading Account

Overview

Trading accounts with BitGo have a trading wallet that's an omnibus cold wallet. From your trading wallet, you can buy and sell cryptocurrencies. Unlike regular wallets, trading wallets are multi coin, and even include fiat USD.

For example, if you fund a trading account with $20,000 FIATUSD and place market orders for $7,000 in BTC and $3,000 in ETH, the wallet would settle with around:

  • $10,000 FIATUSD
  • $7,000 of BTC
  • $3,000 of ETH

BitGo automatically settles trade orders on weekdays at 4:00 PM Eastern Standard Time (EST).

Note: Accounts in the test environment automatically include a trading account with test fiat USD. To request more, contact support@bitgo.com.

Prerequisites

Steps

1. Request a Trading Account

To request a trading account in the live environment, contact BitGo at trustoperations@bitgo.com and sign a Master Purchase Agreement.

2. Fund Your Trading Account

Linking bank accounts and cryptocurrency wallets to your trading account can only be done through the BitGo web UI. Use the web UI to connect to a bank account and deposit fiat USD.

Next Steps

Place Trade Orders

See Also

Concept: BitGo Wallet Types