How to deliver CoinW contract

To deliver CoinW contracts, open a position by choosing a contract, selecting the trading strategy, setting the contract amount, leverage, and placing the buy or sell order.

Nov 12, 2024 at 11:30 am

How to Deliver CoinW Contracts: A Comprehensive Guide

Introduction:

CoinW, a leading cryptocurrency exchange, offers a contract trading platform that enables users to speculate on the price movements of various digital assets without taking ownership of the underlying assets. This guide provides step-by-step instructions on how to effectively deliver CoinW contracts.

Steps:

1. Understanding CoinW Contract Trading

• CoinW contracts are leveraged financial instruments that allow traders to trade on the potential price fluctuations of cryptocurrencies.
• Traders can open either long or short positions, speculating that the price will rise or fall, respectively.
• Leverage amplifies both potential profits and losses, so it's crucial to use it cautiously.

2. Creating a CoinW Account

• Visit the CoinW website (https://www.coinw.com/) and create an account by providing your email address and password.
• Complete the registration process by providing additional personal information and verification documents.

3. Funding Your Account

• Deposit funds into your CoinW account by selecting the "Assets" tab and clicking "Deposit."
• Choose your preferred deposit method (e.g., bank transfer, cryptocurrency transfer).
• Follow the on-screen instructions to complete the deposit process.

4. Choosing a Contract

• Navigate to the "Contracts" tab on the CoinW website.
• Select the desired contract (e.g., BTC/USDT, ETH/USDT).
• Review the contract specifications, including the underlying asset, contract value, and leverage options.

5. Opening a Contract Position

• Determine your desired trading strategy (e.g., long or short position).
• Enter the contract amount (based on the contract value) in the designated field.
• Select the appropriate leverage level.
• Click "Buy" (for long position) or "Sell" (for short position) to open the contract.

6. Managing Your Contract Position

• After opening a position, monitor its performance in real-time through the "Positions" tab.
• Use the "Adjust Position" option to modify the position parameters (e.g., stop loss, take profit).
• Close the position at any time to realize profits or losses.

7. Closing a Contract Position

• To close a contract position, click "Close" in the "Positions" tab.
• Enter the desired closing price in the designated field.
• Confirm the closing order to complete the transaction.

8. Understanding Contract Settlement

• CoinW contracts have a predefined settlement time, typically around 9:00 AM UTC daily.
• At settlement time, the difference between the contract's opening price and closing price is calculated.
• Traders receive profits if their position aligns with the price movement, and vice versa.