Multiple Accounts
Learn how to create an manage multiple subaccounts with the same wallet on Vertex.
Last updated
Learn how to create an manage multiple subaccounts with the same wallet on Vertex.
Last updated
Contents:
Overview & Use Cases
Creating Accounts
Switching Accounts
Transfer Between Accounts
Vertex users can create up to 4 cross-margin accounts under the same wallet. Each account is isolated from the others, meaning that the portfolio / liquidation risk of one account does not impact another.
Use Case Examples:
Trading Competitions: Account dedicated to participating in trading competitions.
Spot: Account for holding and trading spot positions.
Degen Trading: Account for trading higher-risk altcoins.
Major Perps: Account for mainly trading BTC-PERP and ETH-PERP.
Traders can make use of Multiple Accounts to have a similar experience to isolated margin trading.
Example:
Create and fund an account.
Open 1 perpetual position.
This single position is the same as if it were an “isolated margin” position, because the portfolio risk of your new account does not affect your other accounts.
Close the position to realize PnL.
Transfer funds back to the main account or keep the funds to open new positions.
Create an Additional Account:
Step 1. Open the Accounts Panel
Open the Account Center by clicking on your wallet.
Click the Account drop-down under your wallet address preview.
Alternatively, you can click the account drop-down on the Portfolio page navigation.
Select the Add & Manage Accounts option.
This will open the Accounts Panel.
Step 2. Create Account
Click the [Add Account] button.
Enter your desired account name.
Select your account avatar.
Fund your account.
Deposit directly.
Transfer from another account.
Please Note: You must fund your account to finish creating it. If you do not fund the account, then the account will fail to be added and will instead be removed upon refreshing the app.
The account displayed in the Account Center and Portfolio is your current active account. All trades, deposits, withdrawals, and other actions will be performed on this account.
Switch Between Accounts:
Open the Account Center (click on the wallet).
Click the drop-down where it says (Account # or name).
Select the account to switch to.
The green connected dot will confirm the current active account.
Alternatively, you can click the account drop-down on the Portfolio page navigation.
Users with multiple accounts can transfer USDC between the accounts without having to withdraw and re-deposit.
Transfers can only be made in Vertex’s quote currency for the chain. For example, USDC for Vertex on Arbitrum.
Step 1. Open the Transfer Panel
Open the Account Center (click on the wallet).
Click on the [Transfer Funds] button OR Click the (Account) drop-down and select [Transfer Funds] in the drop-down menu.
Step 2. Enter Transfer Details & Initiate Transfer
Select the account to transfer from and the destination account.
Enter the amount to transfer.
Review the summary.
Click [Transfer Funds] and sign the transaction.
Please Note: There is a 1.00 USDC quote fee to cover gas costs.
