How to trade on CoinEx exchange? Graphic transaction process

CoinEx offers ample trading options for all levels, allowing seamless crypto transactions with various payment methods and robust security measures ensuring user protection.

Nov 25, 2024 at 03:50 pm

How to Trade on CoinEx Exchange: A Comprehensive Step-by-Step Guide with Graphic Transaction Process

Introduction

CoinEx, a leading cryptocurrency exchange with over 5 million global users, offers a wide range of trading options for both experienced and novice traders. This guide will provide a comprehensive overview of the CoinEx trading platform, covering all the essential steps involved in buying, selling, and trading cryptocurrencies.

Getting Started with CoinEx

1. Create an Account: Visit the CoinEx website and click on "Sign Up" to create a new account. Enter your personal information (name, email, etc.) and create a secure password.
2. Verify Your Identity: To enhance security and comply with global regulatory standards, CoinEx requires all users to complete the identity verification process. This involves uploading a government-issued ID and a selfie.
3. Fund Your Account: Once your account is verified, you can fund it with cryptocurrencies or fiat currencies. CoinEx supports a variety of payment methods, including bank transfers, credit card payments, and third-party payment processors like MoonPay.

Mastering the CoinEx Trading Platform

1. Understanding the Trading Interface: The CoinEx trading interface is designed for ease of use. It consists of three main sections:

   a. Order Book: Displays the current bid and ask prices for a specific trading pair.

   b. Chart: Shows the price history and technical indicators.

   c. Trade Control Panel: Allows you to place buy and sell orders.

2. Placing a Limit Order: A limit order allows you to specify the price you want to buy or sell at. This is useful for executing trades when the market is volatile. To place a limit order, select "Limit Order" in the trade control panel and enter the desired price, quantity, and trading pair.
3. Placing a Market Order: A market order executes immediately at the current market price. This is suitable for trades where speed is more important than price accuracy. To place a market order, select "Market Order" and enter the quantity and trading pair.
4. Traded Order Monitoring: The "Open Orders" tab displays all your current outstanding orders. You can cancel or modify orders from this tab. The "Order History" tab shows the records of all your executed orders.

Advanced Trading Features

1. Stop-Limit Orders: A stop-limit order combines a stop price (the trigger point) with a limit price (the execution price). It helps you manage your risk by automatically executing a limit order when the stop price is reached.
2. Trailing Stop Orders: A trailing stop order adjusts your stop price based on the market movement. This ensures that your stop order is always placed a certain distance below (or above) the current market price.
3. Using the Margin Trading: CoinEx offers margin trading, which allows you to leverage your position by borrowing funds from the exchange. However, this carries higher risks and is recommended only for experienced traders.
4. Over-the-Counter (OTC) Trading: CoinEx provides OTC services for large trades that exceed regular market limits. This offers more privacy and customized transaction conditions for institutional investors and high-net-worth individuals.

Security and Safety Measures

CoinEx employs robust security measures to protect user assets and data. These include:

1. Two-Factor Authentication: Enabling 2FA adds an extra layer of security by requiring you to enter a one-time password (OTP) sent to your mobile number or email.
2. Anti-Phishing Measures: CoinEx utilizes anti-phishing techniques to prevent attackers from sending fake emails or creating fraudulent websites resembling CoinEx. Always check the official website address and verify sender emails thoroughly.
3. холодное хранение: A large portion of CoinEx user funds are stored in cold storage, offline and protected from cyberattacks.
4. Regular Security Audits: CoinEx undergoes regular security audits by independent third parties to ensure compliance and identify potential vulnerabilities.

Customer Support

CoinEx provides multilingual customer support 24/7 via email, live chat, and online ticketing system. They also have comprehensive documentation, FAQs, and video tutorials to assist users.