How to close CoinW contracts

To close a CoinW contract, navigate to the Contracts market, choose the desired contract, place a "Close" order with the specified amount, monitor its status, and withdraw funds once the order is filled, ensuring sufficient account balance and consideration of the closing fee.

Nov 14, 2024 at 04:56 pm

How to Close CoinW ContractsStep 1: Log in to Your CoinW Account

Go to the CoinW website (https://www.coinw.com/) and click on the "Login" button in the top-right corner.
Enter your email address or mobile number and password, then click on the "Login" button.

Step 2: Navigate to the Contracts Market

Once you are logged in, hover your mouse over the "Trade" menu at the top of the page and select "Contracts" from the drop-down menu.
This will take you to the Contracts market, where you can view a list of all available contracts.

Step 3: Choose the Contract You Want to Close

Find the contract that you want to close in the list of available contracts.
Click on the contract name to open the contract details page.

Step 4: Place a Closing Order

On the contract details page, scroll down to the "Order Form" section.
Select the "Close" order type from the drop-down menu.
Enter the number of contracts that you want to close in the "Amount" field.
Click on the "Close" button to place your order.

Step 5: Monitor Your Order Status

Your order will be submitted to the exchange and will be filled when the market price reaches the price that you specified.
You can monitor the status of your order in the "My Orders" section of the CoinW website.

Step 6: Withdraw Your Funds

Once your order has been filled, you can withdraw your funds from the exchange by clicking on the "Withdraw" button in the top-right corner of the page.
Select the currency that you want to withdraw and enter the amount that you want to withdraw.
Click on the "Withdraw" button to submit your withdrawal request.

Additional Tips

Make sure that you have enough funds in your account to cover the closing fee. The closing fee is typically a small percentage of the contract value.
Use a stop-loss order to protect your profits. A stop-loss order will automatically close your contract if the market price falls below a certain level.
Close your contracts regularly to reduce your exposure to risk.

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