How to play MEXC perpetual contract

To commence perpetual contract trading on MEXC, navigate to the "Contract Trading" section, choose the desired market, and acquaint yourself with the interface's functionalities, order types, and risk management parameters.

Nov 09, 2024 at 06:46 pm

Step 1: Setting Up an Account on MEXC

• Visit the MEXC website (www.mexc.com) and click on "Sign Up" in the top right corner.
• Select email registration, and input your personal details, including your email, username, and password.
• Verify your email address by clicking the link sent to your inbox.
• Pass KYC verification by uploading your ID and address proof (required for certain actions like withdrawals).

Step 2: Funding Your Account

• Log into your MEXC account and navigate to "Assets" > "Deposit."
• Select the funding method you prefer (e.g., cryptocurrency, fiat currency).
• If depositing cryptocurrency, select the coin and copy the wallet address provided.
• If depositing fiat currency, follow the on-screen instructions to process the payment (may involve third-party services).

Step 3: Exploring the MEXC Perpetual Contract Interface

• Once your account is funded, navigate to "Contract Trading" > "Perpetual" in the top menu bar.
• Choose the perpetual contract market you wish to trade (e.g., BTC/USDT).
• The interface will display the latest market data, including price, volume, and liquidity.
• Familiarize yourself with the various order types, margin requirements, and trading settings.

Step 4: Placing an Order

• To place a buy order, select "Buy/Long" and enter the desired price and quantity.
• To place a sell order, select "Sell/Short" and enter the desired price and quantity.
• Choose the order type (e.g., Market, Limit, Stop-Limit) that aligns with your trading strategy.
• Once satisfied, click "Place Order" to execute the trade.

Step 5: Managing Your Positions

• All open orders and positions will be displayed in the "Positions" tab.
• Monitor your positions closely, adjusting leverage and closing orders as needed.
• Maintain sufficient margin to avoid liquidation, which occurs when your position value falls below your maintenance margin.

Step 6: Withdrawing Funds

• Once you have closed your positions and realized profits, you can withdraw funds from your MEXC account.
• Navigate to "Assets" > "Withdraw," select the appropriate currency, and enter the withdrawal amount.
• Input your receiving address (e.g., your cryptocurrency wallet address or bank account).
• Complete the two-factor authentication (2FA) for security purposes.

Additional Tips

• Understand the risks associated with perpetual contract trading, including high leverage and potential for substantial losses.
• Consider using paper trading to practice your strategies before trading with real funds.
• Leverage available trading tools, such as charting and technical analysis indicators, to inform your decision-making.
• Stay informed about market news and developments that may impact your trades.