Where is the CoinEx usdt-based contract?

CoinEx's USDT-based contracts offer traders stability and flexibility, enabling them to leverage USDT as a settlement currency and choose from various markets with different underlying assets and leverage options.

Nov 30, 2024 at 02:38 pm

Exploring the CoinEx USDT-based Contract: A Detailed Guide

Introduction

CoinEx, a reputable cryptocurrency exchange established in 2017, offers a diverse range of trading options, including USDT-based contracts. These contracts enable traders to leverage the USDT stablecoin as a settlement currency, providing stability and flexibility in their trading strategies.

Navigating the CoinEx USDT-based Contract

1. Fund Your Account

Before accessing the USDT-based contract, you must first fund your CoinEx account with USDT. You can deposit USDT directly from an external wallet or purchase it through CoinEx's integrated Fiat Gateway.

2. Activate Futures Trading

Once you have USDT in your account, you need to activate futures trading in your account settings. This process is simple and can be completed in a few clicks.

3. Access the USDT-based Contract Market

Navigate to the "Contracts" tab on the CoinEx website or app. Select the "USDT Contract" tab and explore the available markets. USDT-based contracts are denoted with "USDT" in their market name.

4. Choose Your Contract

Select the USDT-based contract you wish to trade. The available contracts vary in underlying asset and leverage options. Choose the one that best aligns with your trading strategy.

5. Place Your Order

Once you have selected your contract, you can place your order. USDT-based contracts offer two order types: Limit Orders and Market Orders. Limit Orders allow you to specify a specific price at which your order will be executed, while Market Orders will be executed immediately at the best available market price.

6. Manage Your Position

After placing your order, you can monitor your open positions in the "Positions" section of the Contracts tab. You can adjust your position by adding to it or closing it partially or completely.

7. Fund Management

USDT-based contracts require sufficient collateral to maintain your positions. You can check your account balance and collateral levels in the "Account Balance" section. If your collateral falls below the required maintenance margin, you will receive a margin call and may be required to increase your position or face liquidation.

8. Withdraw Your Profits

Once you have closed your position and realized your profits, you can withdraw your USDT from CoinEx. The withdrawal process is typically completed within a few minutes, depending on the network congestion.

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

QTUM

$4.1133

42.02%

Trade Now
XYM

$0.0164

21.33%

Trade Now
ALEO

$0.4149

20.99%

Trade Now
SWFTC

$0.0356

19.56%

Trade Now
ALPHA

$0.0780

14.96%

Trade Now
ONT

$0.2501

12.68%

Trade Now

Latest Crypto News

Rollblock (RBLK): The Next Bitcoin? Take a Look at This Gamblefi Project That Has Caught the Market's Attention
2025-02-01 22:40:56
Three cryptocurrencies just launched assessed by less than $ 1 today that could reflect Ethereum crossings
2025-02-01 22:40:56
Aisa: The Invisible Infrastructure of the AI Economy
2025-02-01 22:40:56
Check your change – as you could have a rare coin in there that you had no idea about
2025-02-01 22:40:56
NFT Market Cools as Bitcoin Falls to $101K and Ethereum Drops to $3.2K
2025-02-01 22:40:56
Catzilla: The Meme Coin Hero Set to Dominate DeFi
2025-02-01 22:40:56

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...