Mobile BitMEX contract operation process

To trade perpetual contracts on BitMEX's mobile app, users need to follow a five-step process: creating an account, funding it, placing an order, managing it, and withdrawing funds.

Nov 18, 2024 at 06:52 am

Mobile BitMEX Contract Operation Process

BitMEX is a leading cryptocurrency derivatives exchange that offers a wide range of products, including perpetual contracts, futures contracts, and options. Its mobile app allows users to trade these products on the go, and provides a user-friendly interface that makes it easy to get started.

In this article, we will provide a step-by-step guide on how to use the BitMEX mobile app to trade perpetual contracts. We will cover everything from creating an account to placing and managing orders.

Step 1: Create an Account

To create an account on BitMEX, you will need to provide your email address, username, and password. You will also need to agree to the terms of service.

Once you have created an account, you will need to verify your email address. To do this, click on the verification link that was sent to your email address.

Step 2: Fund Your Account

To fund your BitMEX account, you can deposit cryptocurrency or fiat currency. To deposit cryptocurrency, click on the "Deposit" tab and select the cryptocurrency that you want to deposit. You will then be provided with a deposit address.

To deposit fiat currency, click on the "Fiat Deposit" tab and select the fiat currency that you want to deposit. You will then be redirected to a third-party payment processor where you can complete the deposit process.

Step 3: Place an Order

To place an order on BitMEX, click on the "Trade" tab and select the perpetual contract that you want to trade. You will then need to enter the following information:

• Order type: The type of order that you want to place.
• Quantity: The number of contracts that you want to buy or sell.
• Price: The price at which you want to buy or sell the contract.
• Leverage: The amount of leverage that you want to use.

Once you have entered all of the required information, click on the "Place Order" button.

Step 4: Manage Your Order

Once you have placed an order, you can manage it by clicking on the "Orders" tab. You can view the status of your order, cancel it, or edit it.

If your order is filled, you can view the details of the fill by clicking on the "Fills" tab.

Step 5: Withdraw Funds

To withdraw funds from your BitMEX account, click on the "Withdraw" tab and select the cryptocurrency that you want to withdraw. You will then need to enter the following information:

• Withdrawal address: The address to which you want to withdraw the cryptocurrency.
• Amount: The amount of cryptocurrency that you want to withdraw.
• Network: The network that you want to use to withdraw the cryptocurrency.

Once you have entered all of the required information, click on the "Withdraw" button.