How to open a contract account in MEXC

To start trading futures on MEXC, create a contract account by enabling futures trading, selecting a type, and naming it, then fund it and commence trading.

Nov 23, 2024 at 03:30 am

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.

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