Exchanges

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BitMEX exchange app novice buying coin graphic tutorial

To buy coins on the BitMEX app, simply navigate to the Trade menu, search for the desired coin, place a Buy order with your preferred order type, and finalize the purchase once it's filled.

Oct 01, 2024 at 02:17 pm

BitMEX Exchange App: A Visual Guide to Buying Coins for Beginners

1. Registration and Account Setup

Download the BitMEX app on your mobile device.
Create an account by providing a valid email address, password, and phone number.
Complete the ID verification process by submitting a government-issued photo ID.

2. Funding Your Account

Click on "Fund Wallet" in the app homepage.
Select the desired funding method (e.g., Wire Transfer, Credit/Debit Card).
Follow the on-screen instructions to complete the deposit.

3. Finding the Coin You Want

Tap on the "Trade" icon in the app menu.
In the search bar, type in the ticker symbol or the full name of the coin you want to buy.
Example: If you want to buy Bitcoin, enter "BTC".

4. Placing a Buy Order

Select the "Buy" tab at the bottom of the trade page.
Enter the amount of coin you want to buy in the "Quantity" field.
Choose a buy order type (e.g., Limit Order, Market Order).
If placing a Limit Order, specify the desired price.
Click on "Buy" to submit your order.

5. Checking Your Order Status

Once your order is submitted, you can view its status in the "Orders" section of the app menu.
Different order statuses can include "Pending", "Filled", or "Partially Filled".

6. Finalizing the Purchase

Once your order is fully "Filled", the purchased coins will be credited to your BitMEX wallet.
You can access your coins in the "Wallet" section of the app.

Additional Tips for Beginners:

Start with a small investment amount to minimize potential losses.
Research and understand the coin you want to buy before investing.
Monitor the coin market closely to make informed trading decisions.
Consider using a hardware wallet to store your coins for added security.
Seek professional advice if you are unsure about any aspect of trading cryptocurrencies.

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！

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