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How to deliver CoinW contract

To deliver CoinW contracts, open a position by choosing a contract, selecting the trading strategy, setting the contract amount, leverage, and placing the buy or sell order.

Nov 12, 2024 at 11:30 am

How to Deliver CoinW Contracts: A Comprehensive Guide

Introduction:

CoinW, a leading cryptocurrency exchange, offers a contract trading platform that enables users to speculate on the price movements of various digital assets without taking ownership of the underlying assets. This guide provides step-by-step instructions on how to effectively deliver CoinW contracts.

Steps:

1. Understanding CoinW Contract Trading

CoinW contracts are leveraged financial instruments that allow traders to trade on the potential price fluctuations of cryptocurrencies.
Traders can open either long or short positions, speculating that the price will rise or fall, respectively.
Leverage amplifies both potential profits and losses, so it's crucial to use it cautiously.

2. Creating a CoinW Account

Visit the CoinW website (https://www.coinw.com/) and create an account by providing your email address and password.
Complete the registration process by providing additional personal information and verification documents.

3. Funding Your Account

Deposit funds into your CoinW account by selecting the "Assets" tab and clicking "Deposit."
Choose your preferred deposit method (e.g., bank transfer, cryptocurrency transfer).
Follow the on-screen instructions to complete the deposit process.

4. Choosing a Contract

Navigate to the "Contracts" tab on the CoinW website.
Select the desired contract (e.g., BTC/USDT, ETH/USDT).
Review the contract specifications, including the underlying asset, contract value, and leverage options.

5. Opening a Contract Position

Determine your desired trading strategy (e.g., long or short position).
Enter the contract amount (based on the contract value) in the designated field.
Select the appropriate leverage level.
Click "Buy" (for long position) or "Sell" (for short position) to open the contract.

6. Managing Your Contract Position

After opening a position, monitor its performance in real-time through the "Positions" tab.
Use the "Adjust Position" option to modify the position parameters (e.g., stop loss, take profit).
Close the position at any time to realize profits or losses.

7. Closing a Contract Position

To close a contract position, click "Close" in the "Positions" tab.
Enter the desired closing price in the designated field.
Confirm the closing order to complete the transaction.

8. Understanding Contract Settlement

CoinW contracts have a predefined settlement time, typically around 9:00 AM UTC daily.
At settlement time, the difference between the contract's opening price and closing price is calculated.
Traders receive profits if their position aligns with the price movement, and vice versa.

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！

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