Market Cap: $2.7271T -0.980%
Volume(24h): $69.7842B 54.270%
Fear & Greed Index:

24 - Extreme Fear

  • Market Cap: $2.7271T -0.980%
  • Volume(24h): $69.7842B 54.270%
  • Fear & Greed Index:
  • Market Cap: $2.7271T -0.980%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top Cryptospedia

Select Language

Select Language

Select Currency

Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos

How to operate CoinEx usdt contract

CoinEx USDT contract trading offers exceptional leverage of up to 125x, empowering traders to amplify their profits with strategic risk management and advanced trading tools.

Dec 02, 2024 at 08:24 pm

How to Operate CoinEx USDT Contract

Introduction

CoinEx USDT contract is a powerful tool for experienced traders seeking to maximize their profits. It allows traders to speculate on the future price of cryptocurrencies without actually owning the underlying asset. This guide will provide a comprehensive overview of the CoinEx USDT contract, including its features, benefits, and how to operate it effectively.

Types of USDT Contracts

CoinEx offers various types of USDT contracts, each with its own unique characteristics:

1. Perpetual Contract:

  • No expiration date, allowing traders to hold positions indefinitely.
  • Funding rate mechanism ensures price stability with the spot market.
  • Low trading fees and high leverage for increased potential returns.

2. Quarterly Contract:**

  • Expires every three months, providing a clear timeframe for trading.
  • Less volatility compared to perpetual contracts.
  • Slightly higher trading fees but lower funding rates.

3. Leveraged Token:**

  • Cryptocurrency-pegged tokens that provide leveraged exposure (up to 3x).
  • Automated deleveraging mechanism to manage risk.
  • Suitable for short-term, highly volatile trading strategies.

How to Trade CoinEx USDT Contract

1. Create an Account

Visit the CoinEx website and create a trading account. Complete the necessary KYC verification steps to enable futures trading.

2. Fund Your Account

Transfer USDT from your spot wallet to your USDT contract wallet. This will serve as your trading capital.

3. Select a Contract

Choose the desired contract type and cryptocurrency pair that you wish to trade. Consider the contract's leverage, expiration date, and funding rate.

4. Place an Order

Select the "Order" tab and specify the order type (e.g., Limit, Market). Enter the desired entry price, position size, and leverage.

5. Manage Your Position

Monitor your open positions regularly using the "Positions" tab. Utilize stop-loss and take-profit orders to manage risk and secure profits.

6. Close Your Position

When ready, close your position by placing an opposite order to your initial entry order. Alternatively, you can manually close the position from the "Positions" tab.

Benefits of CoinEx USDT Contract

1. High Leverage:
CoinEx offers exceptional leverage of up to 125x, allowing traders to amplify their profits. However, it's crucial to use leverage prudently to manage risk.

2. Low Trading Fees:
CoinEx boasts competitive trading fees on all contract types, making it cost-effective for frequent traders.

3. Robust Liquidity:
CoinEx has a substantial user base and trading volume, providing ample liquidity for executing trades promptly.

4. Advanced Trading Tools:
The CoinEx trading platform provides traders with advanced charting tools, technical indicators, and depth-of-market information for informed decision-making.

Important Considerations

1. Risk Management:
USDT contract trading involves significant risk. Utilize stop-loss orders to limit potential losses and allocate funds wisely.

2. Market Volatility:
Cryptocurrency prices can be highly volatile, so ensure you have a sound understanding of the market and trading strategies.

3. KYC Verification:
CoinEx requires KYC verification for all users before trading futures. Prepare your personal information and documents for a smooth verification process.

4. Leverage and Margin:
Excessive leverage can magnify both profits and losses. Avoid overleveraging and carefully monitor your margin levels.

By adhering to these guidelines and leveraging the provided resources, traders can effectively navigate CoinEx USDT contract trading and potentially maximize their returns. Remember to approach this market cautiously, manage risks prudently, and constantly refine your trading strategies for optimal performance.

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 is the difference between the mark price and the latest price on Binance Futures?

What is the difference between the mark price and the latest price on Binance Futures?

Mar 17,2025 at 02:36pm

Key Points:Mark Price: A fair price calculated using multiple exchanges' prices, minimizing manipulation. It's crucial for funding rates and liquidation calculations.Latest Price: The most recent trade price on Binance Futures. Subject to volatility and potential manipulation.Discrepancies: Differences arise due to market depth, order book imbalances, a...

What is the difference between limit orders and market orders on Binance Futures?

What is the difference between limit orders and market orders on Binance Futures?

Mar 17,2025 at 04:10pm

Key Points:Limit Orders: Specify the price you're willing to buy or sell at. Execution is not guaranteed, but you control the price.Market Orders: Buy or sell at the best available price immediately. Execution is guaranteed, but the price may be less favorable than desired.Binance Futures Context: Both order types are crucial for managing risk and execu...

How to operate cross-product arbitrage of Bitcoin contracts?

How to operate cross-product arbitrage of Bitcoin contracts?

Mar 17,2025 at 01:00pm

Key Points:Understanding Bitcoin contract arbitrage relies on exploiting price discrepancies across different exchanges.Successful arbitrage requires speed, low latency connections, and sophisticated trading algorithms.Risk management is crucial, as market volatility and slippage can negate profits.Fees and slippage significantly impact profitability. C...

What is the difference between the mark price and the latest price of Bitcoin contracts?

What is the difference between the mark price and the latest price of Bitcoin contracts?

Mar 17,2025 at 04:35pm

Key Points:Mark Price: A fair and unbiased price calculated using multiple exchanges' data, minimizing manipulation. It's crucial for funding calculations and preventing liquidation.Latest Price: The most recent trade price on a specific exchange. It's susceptible to manipulation and volatility. It reflects real-time market activity but lacks the stabil...

How is the funding rate of Bitcoin contracts calculated?

How is the funding rate of Bitcoin contracts calculated?

Mar 17,2025 at 10:30am

Key Points:Bitcoin perpetual contracts utilize funding rates to align the price of the contract with the spot price of Bitcoin.The funding rate is calculated based on the difference between the perpetual contract price and the spot price, and the demand for long or short positions.A positive funding rate means long positions pay short positions, and vic...

How to avoid the risk of liquidation in Bitcoin contracts?

How to avoid the risk of liquidation in Bitcoin contracts?

Mar 17,2025 at 09:56am

Key Points:Understanding Margin and Leverage: The core of avoiding liquidation lies in responsible leverage use.Monitoring Market Volatility: Sudden price swings are the biggest liquidation threat. Constant vigilance is crucial.Position Sizing and Risk Management: Never risk more than you can afford to lose. Proper position sizing is paramount.Stop-Loss...

What is the difference between the mark price and the latest price on Binance Futures?

What is the difference between the mark price and the latest price on Binance Futures?

Mar 17,2025 at 02:36pm

Key Points:Mark Price: A fair price calculated using multiple exchanges' prices, minimizing manipulation. It's crucial for funding rates and liquidation calculations.Latest Price: The most recent trade price on Binance Futures. Subject to volatility and potential manipulation.Discrepancies: Differences arise due to market depth, order book imbalances, a...

What is the difference between limit orders and market orders on Binance Futures?

What is the difference between limit orders and market orders on Binance Futures?

Mar 17,2025 at 04:10pm

Key Points:Limit Orders: Specify the price you're willing to buy or sell at. Execution is not guaranteed, but you control the price.Market Orders: Buy or sell at the best available price immediately. Execution is guaranteed, but the price may be less favorable than desired.Binance Futures Context: Both order types are crucial for managing risk and execu...

How to operate cross-product arbitrage of Bitcoin contracts?

How to operate cross-product arbitrage of Bitcoin contracts?

Mar 17,2025 at 01:00pm

Key Points:Understanding Bitcoin contract arbitrage relies on exploiting price discrepancies across different exchanges.Successful arbitrage requires speed, low latency connections, and sophisticated trading algorithms.Risk management is crucial, as market volatility and slippage can negate profits.Fees and slippage significantly impact profitability. C...

What is the difference between the mark price and the latest price of Bitcoin contracts?

What is the difference between the mark price and the latest price of Bitcoin contracts?

Mar 17,2025 at 04:35pm

Key Points:Mark Price: A fair and unbiased price calculated using multiple exchanges' data, minimizing manipulation. It's crucial for funding calculations and preventing liquidation.Latest Price: The most recent trade price on a specific exchange. It's susceptible to manipulation and volatility. It reflects real-time market activity but lacks the stabil...

How is the funding rate of Bitcoin contracts calculated?

How is the funding rate of Bitcoin contracts calculated?

Mar 17,2025 at 10:30am

Key Points:Bitcoin perpetual contracts utilize funding rates to align the price of the contract with the spot price of Bitcoin.The funding rate is calculated based on the difference between the perpetual contract price and the spot price, and the demand for long or short positions.A positive funding rate means long positions pay short positions, and vic...

How to avoid the risk of liquidation in Bitcoin contracts?

How to avoid the risk of liquidation in Bitcoin contracts?

Mar 17,2025 at 09:56am

Key Points:Understanding Margin and Leverage: The core of avoiding liquidation lies in responsible leverage use.Monitoring Market Volatility: Sudden price swings are the biggest liquidation threat. Constant vigilance is crucial.Position Sizing and Risk Management: Never risk more than you can afford to lose. Proper position sizing is paramount.Stop-Loss...

See all articles

User not found or password invalid

Your input is correct