Contract

Text

MEXC contract trading steps

To participate in contract trading on MEXC, traders must first establish an account, complete KYC verification, and deposit funds to activate trading capabilities.

Nov 08, 2024 at 05:21 pm

MEXC Contract Trading Steps

1. Create a MEXC Account

Visit the MEXC website (www.mexc.com) and click on "Register."
Enter your email address or mobile number, create a password, and agree to the terms and conditions.
You will receive a verification code; enter it to complete the registration process.

2. Complete KYC Verification

To enable contract trading, you must complete KYC verification.
Click on "Account & Security" in the top right corner and then on "Verification."
Follow the instructions to upload your identification documents and proof of address.
The verification process usually takes a few hours.

3. Fund Your Account

Once your account is verified, you can deposit funds to trade contracts.
Click on "Deposit" in the top right corner and select the "Fiat" or "Crypto" deposit option.
Follow the instructions to deposit funds using the supported methods, such as credit/debit cards, bank transfers, or cryptocurrencies.

4. Choose the Contract You Want to Trade

MEXC offers a wide range of perpetual and futures contracts.
Click on "Contracts" in the top menu and browse the available contracts.
Select the contract you want to trade based on the underlying asset, such as Bitcoin, Ethereum, or other cryptocurrencies.

5. Determine Your Strategy

Before you start trading contracts, it's crucial to develop a trading strategy.
Consider factors such as your risk tolerance, trading style, and market conditions.
Determine whether you want to take long or short positions and set clear entry and exit points.

6. Place Your Order

Once you have chosen your strategy, you can place your order.
Click on the "Trade" button for the selected contract and enter the following details:
- Position (long or short)
- Order type (market, limit, stop-limit)
- Order quantity
- Price (for limit or stop-limit orders)

7. Margin Management

Contract trading involves using leverage, which magnifies both profits and losses.
It's essential to manage your margin effectively to avoid liquidations.
Monitor your account balance, available margin, and margin utilization ratio.
Consider the risk of margin calls and top up your margin if necessary.

8. Monitoring Your Positions

Once your orders are placed, you can monitor their performance and make adjustments as needed.
The MEXC trading platform provides real-time charts, market data, and a variety of trading tools.
Use these features to track your positions, analyze the market, and make informed trading decisions.

9. Close Your Positions

When you're ready to exit your position, simply click on the "Close" button for the relevant order.
You can also set close orders, such as take-profit or stop-loss orders, to automatically close your positions when certain conditions are met.
Remember to monitor your positions and make adjustments or exit trades when necessary to manage risk and secure profits.

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

CLV

$0.0721

143.19%

Trade Now
LUNA

$0.1238

93.04%

Trade Now
MIGGLES

$0.1437

64.07%

Trade Now
SHOGGOTH

$0.1372

62.74%

Trade Now
VIRTUAL

$0.5942

59.12%

Trade Now
MANEKI

$0.0132

52.77%

Trade Now

Latest Crypto News

Litecoin Rebrands as a Meme Coin to Cash In on Bitcoin's Bull Run
2024-11-16 02:25:01
Solana, Tron, and BlockDAG Notably Impact the Crypto Sphere as 2024 Concludes
2024-11-16 02:25:01
dYdX Community Approves Proposal to Implement Revenue-Sharing Mechanism
2024-11-16 02:25:01
The Bitfinex Bitcoin Heist: A Cybersecurity Saga That Transformed the Crypto World
2024-11-16 02:25:01
Cutoshi Gears Up To Introduce Its Multichain DEX
2024-11-16 02:15:02
Bitcoin (BTC) Price Target Set at $180,000 by VanEck, Market Still in Its Early Phases
2024-11-16 02:25:01

Related knowledge

How to play Upbit usdt contract

Nov 15,2024 at 02:04pm

How to Play Upbit USDT ContractIntroductionUpbit is one of the leading cryptocurrency exchanges in South Korea. It offers a variety of trading options, including spot trading, margin trading, and futures trading. Upbit also offers a USDT contract, which is a type of futures contract that is denominated in USDT.Benefits of Playing Upbit USDT ContractTher...

How to calculate Upbit contract rate

Nov 15,2024 at 04:47am

A Comprehensive Guide to Calculating Upbit Contract RatesUpbit, a leading South Korean cryptocurrency exchange, offers a comprehensive suite of trading options, including cryptocurrency spot trading, margin trading, and futures contracts trading. Futures contracts are financial instruments that allow traders to speculate on the future price of an asset,...

How long does it take for Upbit contract settlement

Nov 14,2024 at 10:10pm

How Long Does It Take for Upbit Contract Settlement?Upbit, a renowned South Korean cryptocurrency exchange, offers a diverse range of trading options, including spot trading and contract trading. Contract trading, also known as futures trading, allows traders to speculate on the future price movements of underlying assets without taking physical possess...

How to open 75x contracts on Upbit

Nov 15,2024 at 12:50pm

How to Open 75x Contracts on UpbitUpbit is a South Korean cryptocurrency exchange that offers a wide range of trading options, including 75x contracts. 75x contracts are a type of leveraged contract that allows traders to multiply their potential profits by up to 75 times. However, it is important to note that leveraged trading also amplifies potential ...

What is Upbit contract trading

Nov 14,2024 at 10:46pm

What is Upbit Contract Trading?Upbit is a South Korean cryptocurrency exchange that offers a wide range of trading options, including spot trading, margin trading, and contract trading. Contract trading, also known as futures trading, allows traders to speculate on the future price of a cryptocurrency without having to actually own the underlying asset....

Which is better for beginners, Upbit contracts or leverage

Nov 15,2024 at 08:56pm

Which is Better for Beginners, Upbit Contracts or Leverage?IntroductionUpbit, the leading cryptocurrency exchange in South Korea, offers two main trading products: Upbit Contracts and Upbit Leverage. Both products allow traders to trade cryptocurrencies with leverage, but they differ in terms of the underlying assets, the risks involved, and the trading...