How to buy and sell coins on CoinEx exchange? Detailed steps

CoinEx offers a comprehensive platform for trading digital assets, enabling users to buy and sell various cryptocurrencies with ease and security, ensuring a smooth and streamlined experience for traders of all levels.

Nov 23, 2024 at 11:00 am

How to Buy and Sell Coins on CoinEx Exchange: A Comprehensive Guide

CoinEx, a renowned cryptocurrency exchange with a comprehensive suite of trading services, offers users a convenient and secure platform to buy, sell, and trade various digital assets. This guide will provide a detailed walkthrough of the steps involved in buying and selling coins on the CoinEx exchange, empowering you to navigate the platform seamlessly.

Step 1: Create a CoinEx Account

• Visit the CoinEx website: Navigate to the official CoinEx website (www.coinex.com) and click on the "Sign Up" button located in the top right corner of the page.
• Provide your email address and create a password: Enter your email address and create a strong password for your account. Ensure that your password is complex and unique to enhance security.
• Complete the KYC process (if required): CoinEx may require you to complete the Know Your Customer (KYC) process to verify your identity. This is a standard procedure implemented by many exchanges to comply with regulatory requirements.
• Enable two-factor authentication (2FA): For added security, consider enabling two-factor authentication (2FA) on your CoinEx account. This adds an extra layer of protection by requiring you to provide a one-time password (OTP) from your mobile device whenever you log in or perform sensitive actions.

Step 2: Deposit Funds into Your Account

• Log in to your CoinEx account: Use your registered email address and password to log in to your CoinEx account.
• Navigate to the "Deposit" page: Hover over the "Wallet" tab located in the top menu bar and select "Deposit" from the drop-down options.
• Select the coin you want to deposit: CoinEx supports a wide range of cryptocurrencies for deposits. Choose the coin you wish to deposit by selecting it from the list provided.
• Generate a deposit address: Click on the "Generate Address" button to generate a unique deposit address for the selected coin.
• Send funds to the deposit address: Copy the deposit address generated in Step 4 and send the corresponding amount of coins from your external wallet or another exchange to this address.
• Confirm your deposit: The deposited funds should be credited to your CoinEx account within a few minutes. However, the exact time frame can vary depending on the blockchain network and transaction volume.

Step 3: Buy Coins on CoinEx

• Navigate to the "Exchange" page: From the CoinEx homepage, click on the "Exchange" tab located in the top navigation menu.
• Select the trading pair: Choose the trading pair for which you want to buy coins. For instance, if you want to buy Bitcoin (BTC) using Tether (USDT), select the BTC/USDT trading pair.
• Place a buy order: Determine the type of order you want to place - market order or limit order. A market order is executed at the current market price, while a limit order allows you to specify the desired price at which you want to buy.
• Enter the amount of BTC you want to buy: Specify the number of BTC you want to purchase. You can either enter the exact amount or use the percentage buttons to specify a portion of your available USDT balance.
• Click the "Buy BTC" button: Review your order details and click on the "Buy BTC" button to place your buy order.
• Monitor your order: Your buy order will be displayed in the "Open Orders" section. You can monitor the status of your order and make adjustments if necessary.

Step 4: Sell Coins on CoinEx

• Navigate to the "Exchange" page: Similar to Step 3, access the "Exchange" page by clicking on the corresponding tab in the top menu bar.
• Select the trading pair: Choose the trading pair for which you want to sell coins. For instance, if you want to sell Ethereum (ETH) for USDT, select the ETH/USDT trading pair.
• Place a sell order: Once again, determine the type of order you want to place - market order or limit order. Specify the desired quantity of ETH you want to sell and the desired price (in the case of a limit order).
• Click the "Sell ETH" button: Review your order details and click on the "Sell ETH" button to place your sell order.
• Monitor your order: Your sell order will be displayed in the "Open Orders" section. You can monitor the status of your order and make adjustments if necessary.