How to open MEXC contract trading

To activate contract trading on MEXC, users can navigate to the "Derivatives" tab, select "Contract Trading," and click the "Enable Contract Trading" button, following the prompts to complete the activation process.

Nov 20, 2024 at 05:40 pm

How to Open MEXC Contract Trading

Step 1: Create an Account on MEXC

Visit the MEXC website (https://www.mexc.com/) and click the "Register" button.
Provide your email address, create a password, and agree to the terms of service.
You will receive a verification email. Click on the link provided in the email to activate your account.

Step 2: Complete Identity Verification

Go to the "Account & Security" section in your MEXC account.
Click on "Identity Verification" and follow the instructions to upload the required documents (e.g., passport, ID card).
Once your identity is verified, you will have access to the full range of trading options on MEXC.

Step 3: Fund Your Account

Go to the "Assets" section in your MEXC account.
Click on "Deposit" and select the cryptocurrency you wish to transfer.
Copy the deposit address provided and send the specified amount of cryptocurrency from your external wallet or exchange.
Your account balance will be updated once the transaction is processed.

Step 4: Activate Contract Trading

Go to the "Derivatives" tab on the MEXC website.
Select "Contract Trading" from the left-hand menu.
Click on the "Enable Contract Trading" button and follow the prompts to complete the activation process.

Step 5: Choose a Contract to Trade

Once contract trading is activated, you can access a wide range of perpetual futures contracts on MEXC.
Select the contract you wish to trade from the list of available options.
Each contract has its own unique trading pair (e.g., BTC/USDT), leverage options, and fees.

Step 6: Place an Order

Choose one of the three order types: Limit Order, Market Order, or Stop Order.
Specify the order parameters, including the order type, price, quantity, and leverage.
Click on the "Buy/Long" or "Sell/Short" button to place the order.

Step 7: Monitor Your Order

Your open orders will be displayed in the "Orders" tab.
You can monitor the status of your order, modify it, or cancel it at any time.
The platform also provides real-time charts and market data to help you make informed trading decisions.

Step 8: Close Your Position

Once you are ready to exit your position, you can place a closing order.
The closing order can be of the same type (e.g., Buy to Long, Sell to Short) or the opposite type (e.g., Buy to Short, Sell to Long).
The platform will automatically calculate the profit or loss incurred on your position.

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