Where is the CoinEx usdt-based contract?

CoinEx's USDT-based contracts offer traders stability and flexibility, enabling them to leverage USDT as a settlement currency and choose from various markets with different underlying assets and leverage options.

Nov 30, 2024 at 02:38 pm

Exploring the CoinEx USDT-based Contract: A Detailed Guide

Introduction

CoinEx, a reputable cryptocurrency exchange established in 2017, offers a diverse range of trading options, including USDT-based contracts. These contracts enable traders to leverage the USDT stablecoin as a settlement currency, providing stability and flexibility in their trading strategies.

Navigating the CoinEx USDT-based Contract

1. Fund Your Account

Before accessing the USDT-based contract, you must first fund your CoinEx account with USDT. You can deposit USDT directly from an external wallet or purchase it through CoinEx's integrated Fiat Gateway.

2. Activate Futures Trading

Once you have USDT in your account, you need to activate futures trading in your account settings. This process is simple and can be completed in a few clicks.

3. Access the USDT-based Contract Market

Navigate to the "Contracts" tab on the CoinEx website or app. Select the "USDT Contract" tab and explore the available markets. USDT-based contracts are denoted with "USDT" in their market name.

4. Choose Your Contract

Select the USDT-based contract you wish to trade. The available contracts vary in underlying asset and leverage options. Choose the one that best aligns with your trading strategy.

5. Place Your Order

Once you have selected your contract, you can place your order. USDT-based contracts offer two order types: Limit Orders and Market Orders. Limit Orders allow you to specify a specific price at which your order will be executed, while Market Orders will be executed immediately at the best available market price.

6. Manage Your Position

After placing your order, you can monitor your open positions in the "Positions" section of the Contracts tab. You can adjust your position by adding to it or closing it partially or completely.

7. Fund Management

USDT-based contracts require sufficient collateral to maintain your positions. You can check your account balance and collateral levels in the "Account Balance" section. If your collateral falls below the required maintenance margin, you will receive a margin call and may be required to increase your position or face liquidation.

8. Withdraw Your Profits

Once you have closed your position and realized your profits, you can withdraw your USDT from CoinEx. The withdrawal process is typically completed within a few minutes, depending on the network congestion.