How to buy usdt contract on CoinEx

To initiate acquiring USDT contracts on CoinEx, users must create an account and undergo verification procedures, ensuring secure and reliable trading operations.

Nov 30, 2024 at 05:42 am

Step 1: Create a CoinEx Account

To initiate the process of acquiring USDT contracts on CoinEx, you must first establish an account on the platform. This involves providing basic personal information and undergoing the necessary verification procedures.

• Visit the CoinEx website and click on "Sign Up" in the top right corner.
• Enter your email address and create a strong password.
• Complete the captcha verification and click "Sign Up."
• Verify your email address by clicking on the link sent to your inbox.
• Once your email is verified, return to the CoinEx website and provide your personal details, including legal name, country of residence, and date of birth.
• Upload a valid government-issued ID and a selfie for identity verification.
• After submitting your verification documents, you will need to wait for them to be approved before you can proceed.

Step 2: Fund Your CoinEx Account

With an established CoinEx account, you can now proceed to fund it with either fiat currency or cryptocurrencies.

To deposit fiat currency:

• Log in to your CoinEx account and navigate to the "Buy Crypto" section.
• Select the preferred fiat currency and payment method.
• Follow the on-screen instructions to complete the deposit process.

To deposit cryptocurrencies:

• Log in to your CoinEx account and access the "Assets" section.
• Select the "Deposit" tab and choose the cryptocurrency you want to deposit.
• Copy the provided deposit address and send your crypto assets to that address.
• Confirm the transaction and wait for the funds to reflect in your CoinEx account.

Step 3: Trade USDT Contracts on CoinEx

Once your CoinEx account is funded, you can start trading USDT contracts.

• Navigate to the "Contracts" section in your CoinEx account.
• Select the "USDT Perpetual" option.
• Choose the trading pair you want to trade, such as USDT/BTC or USDT/ETH.
• Familiarize yourself with the order book, trading chart, and other trading tools.
• Determine the order type, price, and quantity you want to trade.
• Click on the "Buy/Long" or "Sell/Short" button to place your order.
• Monitor your open positions and manage your risk accordingly.

Additional Tips:

• Before trading USDT contracts, it's crucial to understand the inherent risks involved and trade responsibly.
• Utilize stop-loss orders to limit potential losses and protect your capital.
• Monitor the market closely and make informed trading decisions based on technical analysis and market conditions.