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.

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