Market Cap: $3.2541T -2.440%
Volume(24h): $188.7372B -48.990%
Fear & Greed Index:

39 - Fear

  • Market Cap: $3.2541T -2.440%
  • Volume(24h): $188.7372B -48.990%
  • Fear & Greed Index:
  • Market Cap: $3.2541T -2.440%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top Cryptospedia

Select Language

Select Language

Select Currency

Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos

MEXC contract tutorial

Create an account on MEXC to access a broad array of trading services, including contract trading, where you can speculate on future asset prices.

Nov 13, 2024 at 12:31 am

MEXC Contract Trading: A Comprehensive Guide

MEXC is a renowned cryptocurrency exchange that offers a wide range of trading services, including contract trading. This tutorial will provide a comprehensive guide to MEXC contract trading, covering everything from account creation to advanced order types.

Step 1: Create a MEXC Account

Creating an account on MEXC is a simple and straightforward process that can be completed in a few minutes.

  • Visit the MEXC website: https://www.mexc.com/
  • Click on the "Register" button in the top-right corner.
  • Enter your email address and create a password.
  • Click on the "Send Code" button and enter the verification code sent to your email address.
  • Agree to the Terms of Service and Privacy Policy.
  • Click on the "Create Account" button.

Step 2: Fund Your MEXC Account

Once you have created an account, you need to fund it with cryptocurrencies to start trading contracts.

  • Click on the "Assets" tab in the top menu bar.
  • Click on the "Deposit" button.
  • Select the cryptocurrency you want to deposit.
  • Enter the amount you want to deposit.
  • Click on the "Confirm" button.
  • Follow the instructions on the screen to complete the deposit.

Step 3: Understand Contract Trading

Contract trading is a type of derivative trading that allows traders to speculate on the future price of an asset without actually owning the underlying asset. This can be a risky but potentially profitable way to trade.

  • Futures: A futures contract is an agreement to buy or sell an asset at a predetermined price on a future date.
  • Perpetual: A perpetual contract is a type of futures contract that has no expiration date.
  • Leverage: Leverage allows traders to borrow capital from the exchange to trade with, essentially increasing their buying power. However, leverage also amplifies both profits and losses.

Step 4: Choose a Contract

MEXC offers a variety of contract markets, including perpetual contracts, inverse perpetual contracts, and delivery contracts.

  • Perpetual Contracts: These contracts do not have an expiration date and allow for perpetual trading without having to close positions.
  • Inverse Perpetual Contracts: These contracts are similar to perpetual contracts but are quoted in the inverse of the underlying asset's price, meaning that short positions profit from a rise in the asset's price and vice versa.
  • Delivery Contracts: These contracts have an expiration date and require traders to physically settle the underlying asset at the time of expiry.

Step 5: Place an Order

To place an order,

  • Click on the "Contracts" tab in the top menu bar.
  • Select the contract you want to trade.
  • Choose the order type (e.g., Limit Order, Market Order, Stop Limit Order).
  • Enter the order parameters (e.g., price, quantity, leverage).
  • Click on the "Buy" or "Sell" button.

Step 6: Monitor Your Position

Once you have placed an order, you can monitor its status by clicking on the "Positions" tab on the left-hand side of the screen. This will show you the current profit/loss, margin used, and other details of your open positions.

Step 7: Close Your Position

When you want to close your position,

  • Click on the "Positions" tab on the left-hand side of the screen.
  • Select the position you want to close.
  • Click on the "Close" button.
  • Confirm the closure of the position.

Step 8: Withdraw Your Funds

Once you have closed all your positions and want to withdraw your funds,

  • Click on the "Assets" tab in the top menu bar.
  • Click on the "Withdraw" button.
  • Select the cryptocurrency you want to withdraw.
  • Enter the amount you want to withdraw.
  • Click on the "Confirm" button.
  • Follow the instructions on the screen to complete the withdrawal.

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.

Related knowledge

What are the impacts of different contract leverage multiples?

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?

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?

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?

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?

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?

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...

What are the impacts of different contract leverage multiples?

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?

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?

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?

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?

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?

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...

See all articles

User not found or password invalid

Your input is correct