How to sell CoinEx contracts

To sell a contract on CoinEx, specify details like contract size and leverage before clicking the "Sell" button, and consider employing safety measures like stop-loss and limit orders to mitigate risks.

Nov 27, 2024 at 02:32 pm

How to Sell CoinEx Contracts

CoinEx is a cryptocurrency exchange that offers a variety of trading options, including contract trading. Contract trading is a form of derivatives trading that allows traders to speculate on the future price of an asset without actually owning the asset.

To sell a contract on CoinEx, you will need to:

Open a CoinEx account. If you do not have a CoinEx account, you can create one by visiting the CoinEx website and clicking on the "Sign Up" button.
Fund your account. Once you have created an account, you will need to fund it with cryptocurrency. You can do this by transferring cryptocurrency from another exchange or by buying cryptocurrency with a credit card or debit card.
Choose a contract. CoinEx offers a variety of contract types, including perpetual contracts and futures contracts. Perpetual contracts are contracts that have no expiration date, while futures contracts are contracts that expire on a specific date.
Specify the contract details. Once you have chosen a contract, you will need to specify the contract details, such as the contract size and the leverage. The contract size is the amount of the underlying asset that is represented by each contract, and the leverage is the amount of money that you are willing to borrow to trade the contract.
Sell the contract. Once you have specified the contract details, you can sell the contract by clicking on the "Sell" button. The contract will be sold at the current market price.

Here are some tips for selling contracts on CoinEx:

Use a stop-loss order. A stop-loss order is an order that automatically sells your contract if the price of the underlying asset falls below a certain level. This can help to protect you from losses if the price of the asset falls sharply.
Use a limit order. A limit order is an order that specifies the price at which you want to sell your contract. This can help to ensure that you get the desired price for your contract.
Be aware of the risks. Contract trading is a risky activity, and you could lose money if the price of the underlying asset moves against you. Make sure that you understand the risks involved before you start trading contracts.

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