Mobile MEXC contract operation process

To begin contract trading on the MEXC mobile app, one must establish an account, deposit funds, comprehend contract trading, select a contract, place an order, monitor the position, close it, and finally withdraw the funds.

Nov 14, 2024 at 08:39 pm

Mobile MEXC Contract Operation Process

Step 1: Create an MEXC Account

Download the MEXC app from the App Store (iOS) or Google Play (Android).
Register for a new account by providing your email address, phone number, or social media account.
Verify your identity by completing KYC (Know Your Customer) procedures.

Step 2: Deposit Funds

Tap on "Assets" in the bottom menu.
Select "Deposit" and choose your preferred deposit method (e.g., cryptocurrencies, fiat currencies).
Follow the on-screen instructions to complete the deposit process.

Step 3: Understand Contract Trading

Contracts are financial instruments that allow traders to speculate on the price movements of underlying assets like cryptocurrencies.
MEXC offers various contract types, including futures and options.
Familiarize yourself with the concepts of margin, leverage, and risk management before trading contracts.

Step 4: Choose a Contract

Tap on "Contracts" in the bottom menu.
Select a contract from the available list by filtering by underlying asset, type, or other criteria.
Review the contract details thoroughly, including the underlying asset, margin requirements, and expiration date.

Step 5: Place an Order

Choose between limit orders (executed at a specified price) and market orders (executed at the best available price).
Enter the contract amount, leverage, and stop-loss/take-profit orders (optional).
Confirm the order details and tap on "Buy" or "Sell" to place the order.

Step 6: Monitor Your Position

After placing an order, you can monitor your position by tapping on "Orders" or "Positions" in the bottom menu.
Adjust the position by increasing or decreasing the margin, adjusting leverage, or setting stop-loss/take-profit orders as needed.

Step 7: Close the Position

To close a position, tap on "Close" in the Position details page.
Choose between closing at market price or limit price.
Confirm the closing details and tap on "Close" to complete the transaction.

Step 8: Withdraw Funds

When you are ready to withdraw funds, tap on "Assets" and select "Withdraw."
Choose your preferred withdrawal method, enter the amount and withdrawal address.
Complete the withdrawal process by following the on-screen instructions.

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