how to close a spot trade on mexc

To close a spot trade on MEXC, navigate to the Spot Trading page, find the open position you wish to close, cancel the open order, place a new order to close your position, and check the Trade History.

Oct 25, 2024 at 03:32 pm

How to Close a Spot Trade on MEXC

Step 1: Log in to your MEXC account.

Go to the MEXC website or mobile app and enter your login credentials.

Step 2: Navigate to the Spot Trading page.

Click on "Trade" on the top menu bar.
Select "Spot Trading" from the drop-down menu.

Step 3: Find the open position you want to close.

On the Spot Trading page, click on "Open Orders."
Find the open position you want to close from the list.

Step 4: Cancel the open order.

Click on "Cancel" for the order you want to close.
Confirm the cancellation in the pop-up window.

Step 5: Place a new order to close your position.

Once the open order is canceled, click on "Buy" or "Sell" as appropriate to close your position.
Enter the desired quantity and price.
Click on "Place Order."

Step 6: Check the Trade History.

After you place the new order, go to "Trade History."
Look for the closed position in the list.

Note:

When you close a spot trade, you are selling or buying an equal amount of the asset to close the open position.
Ensure you have sufficient funds in your account to cover the closing transaction.
You can also use a Stop Limit order to automatically close your position if the market price reaches a certain level.

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.

Fear & Greed Index

Trade Now

Biggest Gainers

VVV

$6.0992

47.58%

Trade Now
FORTH

$4.9897

40.94%

Trade Now
VINE

$0.1603

29.81%

Trade Now
MNT

$0.2728

25.06%

Trade Now
IAG

$0.3512

21.20%

Trade Now
CHEX

$0.6671

19.08%

Trade Now

Latest Crypto News

Ethereum (ETH) Reaches New Heights, Eric Trump Expresses Optimism
2025-02-05 19:51:01
What Whales Aren't Telling Us About Ripple (XRP), Solana (SOL), Cardano (ADA), and the Rising Lightchain AI
2025-02-05 19:41:01
Travala and Trivago Partner to Enable Crypto Payments, Offering 2.2 Million Hotels for Booking with Bitcoin, Ethereum, and More
2025-02-05 19:41:01
pumpdotfun Surpasses Ethereum in Monthly Revenue, Signaling the Shift in Decentralized Finance (DeFi) Ecosystem Dynamics
2025-02-05 19:41:01
Bitcoin Pepe Presale Begins on February 11, Introducing a Layer 2 Solution That Combines Solana's Speed With Bitcoin's Security for the Meme Coin Market
2025-02-05 19:41:01
Can XRP Really Hit $100? Insights on Its Future!
2025-02-05 19:41:01

Related knowledge

How to buy coins on Binance mobile version

Feb 04,2025 at 07:36pm

Key Points:Set up a Binance accountFund your Binance accountFind the coin you want to buyCreate a buy orderReview and confirm your orderStep-by-Step Guide:1. Set Up a Binance AccountDownload the Binance app from the App Store (iOS) or Google Play Store (Android).Create an account by providing your email address, password, and phone number.Verify your id...

How to view the market value ranking on Binance

Feb 03,2025 at 09:42am

Key PointsBinance is one of the leading cryptocurrency exchanges in the world.Binance provides a variety of features, including the ability to view the market value ranking of cryptocurrencies.The market value ranking is a list of cryptocurrencies, sorted by their total market capitalization.The market capitalization of a cryptocurrency is calculated by...

How to trade after recharging on Binance

Feb 03,2025 at 09:36pm

Key PointsUnderstand the Binance platform and its features.Fund your Binance account through various methods.Choose the right trading pair and order type.Monitor your trades and adjust your strategy as needed.Explore advanced trading options for increased efficiency.Detailed Guide on How to Trade After Recharging on Binance1. Understanding the Binance P...

How to create an address for withdrawal from Binance

Feb 05,2025 at 12:31am

Key Points:Understand the concept of cryptocurrency addressesGenerate a new address for withdrawal on BinanceVerify the address before withdrawing fundsSecurely store your cryptocurrency addressesMonitor your withdrawal transactionsHow to Create an Address for Withdrawal from Binance1. Understand Cryptocurrency AddressesA cryptocurrency address is a uni...

How to recharge Binance with QR code

Feb 03,2025 at 10:36pm

Key Points:Utilize Binance's QR code for a seamless recharge experienceUnderstand the process of generating a QR code for Binance depositsIdentify various methods for recharging Binance through QR codesExplore the advantages and security aspects of using QR codes for Binance rechargesComprehensive Guide to Recharging Binance with QR CodeStep 1: Generati...

How to buy spot from Binance

Feb 04,2025 at 05:24pm

Key Points:Understand the concept of spot trading on Binance.Create a Binance account and complete KYC verification.Fund your Binance account with supported currencies.Navigate the Binance spot trading interface.Place a spot trading order: Market order or limit order.Manage your spot trading portfolio and track orders.How to Buy Spot from Binance: A Com...