How to close a contract with CoinW

To close a futures contract on CoinW, navigate to the Contract Trading interface, select the desired futures pair, determine the position to close, choose the order type (Limit or Market), enter the order size, and confirm the order details for execution.

Nov 16, 2024 at 12:02 pm

How to Close a Contract with CoinW

Step 1: Navigate to the Contract Trading Interface

Log in to your CoinW account and hover over the "Derivatives" tab at the top of the page.
Select "Contract Trading" from the drop-down menu.
You will be redirected to the contract trading interface, where you can view available futures pairs.

Step 2: Choose the Desired Futures Pair

Identify the futures pair you wish to close a contract on from the list of available options.
For instance, if you want to close a Bitcoin futures contract (BTC/USDT), select "BTCUSDT" from the list.

Step 3: Determine the Position to Close

Once you have selected the futures pair, you will be presented with various contract options, such as current, next-quarter, and quarterly.
Choose the contract that you want to close.
For example, if you hold a position in the BTCUSDT perpetual contract, select the "BTCUSDT Perpetual" option.

Step 4: Select the Order Type for Closing

After selecting the contract, you will need to decide on the order type for closing your position.
CoinW offers two order types for closing contracts: Limit Orders and Market Orders.
Limit Orders: Allow you to specify the exact price at which you wish to close your position. Once the market price reaches your specified price, the order will be executed.
Market Orders: Execute immediately at the current market price, offering immediate closure of your position.

Step 5: Enter the Order Size

Input the number of contracts you want to close.
Ensure that you specify the correct direction of the order, i.e., whether you are closing a long or short position.
If you are closing a long position, enter a negative value. If closing a short position, enter a positive value.

Step 6: Confirm Order Details and Execution

Once you have entered the order size, confirm the order details, including the order type, contract type, price, and direction.
Double-check the information to ensure accuracy.
Click on the "Close" button to execute the order and close your futures contract.

Additional Considerations:

Current Market Conditions: Be aware of the current market conditions and price fluctuations before closing a futures contract.
Risk Management: Always manage your risk by using appropriate leverage and setting stop-loss orders.
Fees: CoinW charges a small fee for closing futures contracts. Ensure you are aware of the fees before proceeding.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

VVV

$6.4599

27.04%

Trade Now
$AKUMA

$0.0...01233

24.89%

Trade Now
SWFTC

$0.0305

23.49%

Trade Now
FLR

$0.0230

19.29%

Trade Now
ANT

$1.6368

19.21%

Trade Now
UXLINK

$0.6622

17.99%

Trade Now

Latest Crypto News

Shiba Inu Faces Market Shifts as Panshibi Emerges as a Promising New Meme Coin with Strong Investor Interest
2025-02-08 04:56:05
R.J. White Reveals His Betting Strategy for the $5 Million Touchdown Jackpot on FanDuel
2025-02-08 04:56:05
CFTC Launches Pilot Program to Explore Tokenized Non-Cash Collateral in Regulated Derivatives Markets
2025-02-08 04:56:05
World Liberty Financial Plans to Create a “Strategic Reserve” of Tokens
2025-02-08 04:56:05
Super Bowl 59 Betting Splits
2025-02-08 04:56:05
Qubetics: The Future of Multi-Chain Wallets
2025-02-08 04:56:05

Related knowledge

What are the impacts of different contract leverage multiples?

Dec 16,2024 at 12:46pm

Impacts of Different Contract Leverage MultiplesLeverage, a tool leveraged in the financial realm, amplifies trading activities and enhances potential returns while simultaneously magnifying risks. Understanding the implications of varying leverage multiples is paramount for savvy traders. This article delves into the impacts of different contract lever...

Which is more suitable for novices, contract trading or margin trading on Huobi.com?

Dec 16,2024 at 12:44pm

Which is More Suitable for Novices: Contract Trading or Margin Trading on Huobi.com?As a novice trader venturing into the world of cryptocurrency trading, the choice between contract trading and margin trading on Huobi.com can be a daunting one. Both instruments offer unique advantages and drawbacks, making it crucial to understand their key differences...

What does the leverage ratio of contract trading mean?

Dec 16,2024 at 12:43pm

What does the leverage ratio of contract trading mean?IntroductionLeverage ratio is a key concept in contract trading, allowing traders to gain exposure to a larger position than their initial capital would allow. This can potentially amplify both profits and losses, making it crucial for traders to understand its implications.Understanding Leverage Rat...

What scams exist in leveraged trading of virtual currency contracts?

Dec 16,2024 at 12:42pm

What Scams Exist in Leveraged Trading of Virtual Currency Contracts?Leveraged trading of virtual currency contracts, also known as margin trading, can be a lucrative way to increase your profits. However, it is important to be aware of the various scams that exist in this market so that you can protect yourself from losing your money.Pump-and-dump scams...

What is 20x leverage on Bitcoin contracts?

Dec 16,2024 at 12:40pm

What is 20x Leverage on Bitcoin Contracts?IntroductionLeverage is a powerful tool in the world of trading that can magnify both profits and losses. However, it's essential to understand the risks involved before using leverage, especially when trading volatile assets like Bitcoin. In this comprehensive guide, we will delve into the concept of 20x levera...

What is the difference between Huobi’s margin trading and contract trading?

Dec 16,2024 at 12:39pm

Understanding the Distinctions between Huobi Margin Trading and Contract TradingIntroductionHuobi, a leading cryptocurrency exchange, offers diverse trading options to cater to traders' varying risk tolerance and investment goals. Among these options are Margin Trading and Contract Trading, each with distinct features and trading mechanisms. This compre...