How to Start Trading on Extended (2026): Step by Step

"When connecting a new wallet, we require two signatures": one for account creation, which generates "your Extended account and signing key pair, which will be stored locally in your browser", and one for registration, which "confirms your ownership of the Extended account and enables trading". No KYC step appears in the onboarding docs. One trading account is created automatically; you can open up to 10 per wallet, each with independent margin.

EVM wallets deposit from Ethereum, Arbitrum, Base, Polygon, Avalanche or BNB Chain, with asset support varying by chain — USDC on all six, wBTC and USDT on most, ETH on all but Avalanche. USDC deposits allow "$10M per transaction" and take about two minutes under $1M (up to about 20 minutes above it on Ethereum, Arbitrum and Base); the docs warn that "actual limits and processing times may vary depending on liquidity availability on the Rhino.fi bridge". Starknet wallets "can only deposit from and withdraw to Starknet", with no transaction limits. Deposits of wBTC, ETH or USDT land as collateral at their haircut; you do not have to convert to USDC first.

Cross margin is the default, "allowing collateral to be shared among all perpetual positions within a single trading account". Isolated margin is not a per-position toggle: "users can opt for isolated margin by creating separate trading accounts under the same wallet", and "the liquidation of one trading account does not impact" the others. Balances move between accounts without fees. Hedge mode is not supported, so a long and a short in the same market also means two accounts.

Maximum leverage depends on the market's group and your position size. BTC and ETH allow 50x up to a $3M position, stepping down to 5x by $30M; SOL and HYPE start at 50x on smaller brackets; many alts start at 25x, 10x or 5x. On TradFi markets EUR is the only 100x market, USDJPY, the S&P 500 and gold start at 25x, and single stocks at 5x to 20x. Order types are Market, Limit, TWAP, Scaled and Chase, with Reduce-Only, Post-Only, TP/SL and time-in-force conditions; GTC orders left unfilled for three months are cancelled. Self-trade prevention is on by default. Takers pay 0.025%, makers nothing — see the fees page.

How much you can withdraw is set by your margin state, not just your balance: the docs define an available-for-withdrawal figure that reserves margin for open positions, and a withdrawal of unrealised profit can push the USDC balance negative until the position closes. USDC withdrawals allow "$10M per transaction", take about two minutes under $1M and "up to 4 hours" above it. Vault shares (XVS) "cannot be withdrawn from the exchange"; redeem them to USDC first, and note the 24-hour lockup on each vault deposit. The deposits page states no Extended-side withdrawal fee.