How to open a contract account in MEXC

How to Open a Contract Account in MEXC

MEXC, a leading digital asset exchange, offers a comprehensive suite of trading tools, including futures trading. To engage in futures trading on MEXC, you need to open a contract account. This guide will walk you through the step-by-step process of creating a contract account on MEXC.

Step 1: Register on MEXC

• Visit the MEXC website (https://www.mexc.com/) and click on "Sign Up" in the top-right corner.
• Enter your email address, create a password, and agree to the Terms of Service.
• Click on "Sign Up" and check your email for a verification code.
• Enter the verification code and complete the registration process.

Step 2: Enable Futures Trading

• Once you have registered, hover over "Trade" in the top menu and select "Futures."
• In the Futures section, click on "Enable Futures Trading."
• Read the risk disclosure and check the box to agree to the terms.
• Click on "Confirm" and your account will be enabled for futures trading.

Step 3: Create a Contract Account

• After enabling futures trading, click on "Contract Accounts" in the top menu.
• Select "Open Contract Account" and choose the type of contract account you want to create (e.g., USDT-Ⓜ or Coin-Ⓜ).
• Enter a name for your contract account and click on "Create."

Step 4: Fund Your Contract Account

• To start trading futures, you need to transfer funds into your contract account.
• Click on "Transfer" in the Contract Accounts section and select "Transfer."
• Choose the source account (spot account, P2P account, etc.) and the amount you want to transfer.
• Enter the verification code and click on "Submit" to complete the transfer.

Step 5: Start Trading Futures

• Once you have funded your contract account, you can start trading futures.
• Go to the Futures Trading section (hover over "Trade" in the top menu and select "Futures").
• Choose the futures contract you want to trade (e.g., BTC/USDT, ETH/USDT).
• Enter the trade parameters (contract size, leverage, etc.) and click on "Buy/Long" or "Sell/Short" to execute the trade.

Additional Tips:

• To enhance your trading experience, you may consider adding two-factor authentication (2FA) to your MEXC account.
• Before trading futures, it is essential to understand the associated risks and ensure proper risk management practices.
• MEXC offers comprehensive guide and tutorials on futures trading. Utilize these resources to enhance your knowledge and trading skills.
• Actively monitor your futures positions and make adjustments as necessary to manage your risk.