How to open high-multiple contract with MEXC

By understanding high-multiple contracts and following the step-by-step guide, traders can access the MEXC High-Multiple Contracts Trading Interface and start trading with leverage to potentially amplify their profits.

Nov 20, 2024 at 11:56 am

How to Open High-Multiple Contract Trading with MEXC

Step 1: Register for an MEXC Account

1. Visit the MEXC website: [https://www.mexc.com/](https://www.mexc.com/)
2. Click on "Sign Up" located at the top right corner of the homepage.
3. Choose your desired registration method: Email, Phone, or Social Media.
4. Input the required information such as email, phone number, or social media credentials.
5. Create a strong password and carefully review MEXC's Terms of Service and Privacy Policy.
6. Click "Register" to complete account creation.

Step 2: Understand High-Multiple Contracts

1. High-multiple contracts are derivative instruments that allow traders to multiply their potential profits by using leverage.
2. Leverage refers to the ability to trade with borrowed funds, which amplifies both profits and losses.
3. High-multiple contracts often provide leverage ratios ranging from 1:10 to 1:125, offering substantial leverage for experienced traders.
4. However, it's crucial to note that high leverage also magnifies potential losses, making it essential to manage risk appropriately.

Step 3: Fund Your MEXC Account

1. Log in to your MEXC account and navigate to the "Assets" section.

2. You can deposit funds using various methods such as:

   • Cryptocurrency transfer: Transfer cryptocurrencies from your external wallet or another exchange.
   • Fiat onramp: Purchase cryptocurrencies directly with fiat currencies through MEXC's partner services.
   • Third-party payment services: Use services like Simplex or Mercuryo to deposit funds using credit cards or bank transfers.

Step 4: Navigate to the High-Multiple Contracts Trading Interface

1. Once your account is funded, go to the "Trade" tab and select "High-Multiple Contracts."
2. Choose your desired trading pair, such as BTC/USDT (Perpetual) or ETH/USDT (Perpetual).
3. The trading interface will display the contract specifications, current market data, and order book.

Step 5: Place Your First High-Multiple Contract Trade

1. Determine the market direction (long for uptrend, short for downtrend).

2. Choose the appropriate order type:

   • Limit Order: Set a specific execution price for your trade.
   • Market Order: Execute your trade at the current market price.
3. Enter the desired position size, which represents the amount of leverage you wish to apply.
4. Confirm your order and click "Buy Long" or "Sell Short" to open your high-multiple contract position.