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.

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

TRIBE

$0.5376

20.74%

Trade Now
CAIR

$0.5602

17.69%

Trade Now
QI

$0.0123

14.33%

Trade Now
STPT

$0.0665

13.11%

Trade Now
CUDOS

$0.0108

12.48%

Trade Now
VVV

$5.8527

11.32%

Trade Now

Latest Crypto News

Solana Meme Coin Deployer Pump.fun Faces Legal Heat as Cease-and-Desist Letter Alleges IP Violations
2025-02-06 19:36:03
FX Guys ($FXG) Surpasses Solana (SOL) and Sui (SUI) as 2025’s Top Staking Platform
2025-02-06 19:36:03
New Findings Suggest a Possible Link Between Bitcoin's Creator and Kraken
2025-02-06 19:36:03
Bitcoin (BTC) Tumbles Below $100,000, Triggering $2B Industry-Wide Liquidations
2025-02-06 19:36:03
Memecoins Poised for a Major Resurgence, Dogecoin (DOGE) and Floki Inu (FLOKI) Expected to See Significant Price Rallies
2025-02-06 19:36:03
Germany's Election: How the Parties Plan to Reshape Finance
2025-02-06 19:26:03

Related knowledge

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?

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?

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?

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?

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?

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...