How to activate CoinEx contract multiple

How to Activate CoinEx Contract Multiple

CoinEx is a cryptocurrency exchange that offers a variety of services, including spot trading, margin trading, and futures trading. To activate the contract multiple feature on CoinEx, you will need to:

1. Log in to your CoinEx account.
2. Go to the "Contracts" tab.
3. Select the contract you want to activate the multiple feature for.
4. Click on the "Activate Multiple" button.
5. Enter the multiple you want to use.
6. Click on the "Confirm" button.

Once you have activated the multiple feature, you will be able to trade the contract with the specified multiple. For example, if you activate a multiple of 10, you will be able to trade the contract with a position size of 10 times your account balance.

Benefits of Using Contract Multiple

There are a number of benefits to using contract multiple, including:

• Increased leverage: Using contract multiple can increase your leverage, which can allow you to trade with a larger position size than you would be able to with your account balance alone.
• Reduced risk: Using contract multiple can also reduce your risk, as you will be able to close your position more quickly if the market moves against you.
• Increased flexibility: Using contract multiple can give you more flexibility in your trading, as you can adjust the multiple to suit your individual needs.

Risks of Using Contract Multiple

There are also a number of risks associated with using contract multiple, including:

• Increased losses: Using contract multiple can increase your potential losses, as you will be able to trade with a larger position size.
• Margin calls: If the market moves against you, you may be subject to a margin call, which will require you to add more funds to your account or close your position.
• Liquidation: If you are unable to meet a margin call, your position may be liquidated, which will result in the loss of your entire investment.

How to Use Contract Multiple Safely

To use contract multiple safely, you should follow these guidelines:

• Only use contract multiple with funds that you can afford to lose.
• Understand the risks associated with contract multiple before you use it.
• Start with a small multiple and gradually increase it as you become more comfortable with the feature.
• Monitor your positions closely and be prepared to close them if the market moves against you.

By following these guidelines, you can use contract multiple to safely increase your leverage, reduce your risk, and increase your flexibility in your trading.