How to use CoinEx exchange? Detailed usage tutorial

For secure cryptocurrency trading, CoinEx offers comprehensive registration, 2FA, deposit options, a user-friendly trading interface, order management, and detailed trade history analysis.

Nov 22, 2024 at 07:32 pm

How to Use CoinEx Exchange: A Comprehensive Guide

Step 1: Register for a CoinEx Account

To commence trading on CoinEx, you'll need to establish an account. Navigate to the CoinEx website and locate the "Register" button. Enter your email address and create a secure password. Validate your email address by accessing the confirmation link sent to your inbox.

Step 2: Secure Your Account with Two-Factor Authentication (2FA)

Enhance the security of your CoinEx account by activating 2FA. Head to the "Account Security" settings and select "Google Authentication". Download the Google Authenticator app on your mobile device and scan the QR code displayed on the CoinEx website. Enter the 6-digit code generated by the app to complete 2FA setup.

Step 3: Fund Your CoinEx Account

To initiate trading, you'll need to fund your CoinEx account with cryptocurrencies. There are two primary deposit methods: on-chain deposits and instant buy.

On-chain Deposits:

• Access the "Deposit" page and select the cryptocurrency you wish to deposit.
• Copy the provided deposit address and transfer the funds from your external wallet or exchange.
• The deposited funds will reflect in your CoinEx account after a specified number of confirmations on the blockchain.

Instant Buy:

• Click "Buy Crypto" on the navigation bar and select the purchase method (Visa, Mastercard, or Bank Transfer).
• Enter the amount you wish to purchase and follow the on-screen instructions.
• The purchased cryptocurrencies will be directly credited to your CoinEx account.

Step 4: Explore CoinEx's Trading Interface

Coinex provides a user-friendly trading interface designed for both novice and experienced traders. Here's a breakdown of the key sections:

• Trading Pair: Select the crypto pair you wish to trade in the upper left corner.
• Order Book: Displays the pending buy and sell orders for the selected pair.
• Chart: Provides real-time price charts with customizable indicators.
• Order Form: Contains options to place various order types (market, limit, stop-limit, etc.).
• Trade History: Records your recent executed trades.

Step 5: Place a Trading Order

To place a trading order, follow these steps:

• Select the desired order type from the "Order Form".
• Input the quantity and price for the trade.
• Click "Buy" or "Sell" to submit the order.
• Your order will be reflected in the "Open Orders" section until it's executed or canceled.

Step 6: Manage Open Orders

Keep track of your active orders and make adjustments as needed.

• Open Orders: View all currently open buy and sell orders.
• Cancel Order: Click the "Cancel" icon to revoke a specific order.
• Modify Order: Change the quantity, price, or other parameters of an open order.

Step 7: Monitor Trade History

Analyze your trading performance by reviewing your trade history.

• Trade History: Retrieve records of executed trades, including order details, price, and timestamps.
• Export History: Generate CSV or Excel reports of your trade history for further analysis.

Step 8: Withdraw Funds from CoinEx

When you're ready to withdraw funds from CoinEx, follow these steps:

• Navigate to the "Withdraw" page and select the cryptocurrency you wish to withdraw.
• Enter the withdrawal address (e.g., your external wallet address).
• Input the amount and validate the withdrawal with your 2FA code.
• The funds will be transferred to the specified address after the blockchain network processes the transaction.