How to open CoinEx 100x contract

To embark on the 100x contract trading adventure on CoinEx, traders must first create an account, fund it, and locate the dedicated trading interface.

Nov 26, 2024 at 10:30 am

How to Open CoinEx 100x Contract: A Comprehensive Guide

CoinEx, renowned for its comprehensive suite of crypto trading services, recently introduced 100x contracts, enabling traders to amplify their returns by a staggering factor of 100. This guide will provide a detailed roadmap on how to unlock this lucrative trading opportunity on the CoinEx platform.

Step 1: Create a CoinEx Account

• Begin by navigating to the official CoinEx website (www.coinex.com) and clicking on "Sign Up" in the top right corner.
• Follow the prompts to provide your email address, create a password, and complete the KYC process.
• Once your account is verified, you will gain access to all of CoinEx's trading features, including 100x contracts.

Step 2: Fund Your Account

• To participate in 100x contracts, you will need to deposit funds into your CoinEx wallet.
• Supported deposit methods include cryptocurrencies, credit/debit cards, and third-party payment gateways.
• Choose the deposit method that best suits your needs and transfer funds to your CoinEx account.

Step 3: Locate the 100x Contract Trading Interface

• Once your account is funded, navigate to the "Futures" section of the CoinEx website and select "100x Contracts" from the menu.
• The trading interface will provide you with a comprehensive overview of available trading pairs, real-time market data, and charting tools.

Step 4: Select Your Trading Pair

• CoinEx offers a range of trading pairs for 100x contracts, including popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
• Choose the trading pair that aligns with your trading strategy and risk appetite.

Step 5: Set Your Leverage

• The defining characteristic of 100x contracts is their ability to utilize up to 100 times the leverage.
• Carefully consider your risk tolerance and trading experience when selecting the appropriate leverage multiple.
• Remember, higher leverage magnifies both potential profits and losses.

Step 6: Place Your Order

• Once you have selected your trading pair and leverage, you can place your order.
• Choose between a long (buy) or short (sell) position, specify the order quantity, and set the desired price.
• Review your order details thoroughly before confirming to execute the trade.

Step 7: Manage Your Position

• After your order is executed, you will be able to monitor your position in real-time on the trading interface.
• Use the various tools provided to adjust your leverage, set stop-loss and take-profit orders, and close your position when desired.

Step 8: Withdraw Your Earnings

• When you have profited from your 100x contract trades, you can withdraw your earnings to your external wallet or exchange account.
• Navigate to the "Wallet" section of the CoinEx website and initiate a withdrawal request.
• Provide the necessary details, such as the withdrawal amount and destination address, and confirm the transaction.

Please note that 100x contracts involve significant risk and are not suitable for all traders. Always trade responsibly and conduct thorough research before engaging in any trading activities.