How to enable the contract trading function of CoinEx?

What is Contract Trading on CoinEx?

Contract trading refers to the practice of speculating on the future price movements of an asset without actually owning it. On CoinEx, this typically involves trading futures contracts based on cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and other major digital assets. This feature allows users to profit from both rising and falling markets by using leverage. Before enabling contract trading, users must understand the risks involved, including liquidation due to margin calls.

Prerequisites for Enabling Contract Trading

Before you can activate the contract trading function on CoinEx, certain conditions must be met. These include:

• Completion of identity verification (KYC).
• A minimum account balance, which may vary depending on the market.
• Familiarization with the platform’s interface and risk warnings.
• Acceptance of the terms and conditions related to leveraged trading.

Users should ensure their accounts are fully verified and they have sufficient funds in their margin wallet to begin trading contracts.

Step-by-Step Guide to Enable Contract Trading

To enable the contract trading function on CoinEx, follow these steps carefully:

• Log into your CoinEx account via the official website or mobile application.
• Navigate to the “Futures” section located in the top menu bar.
• Click on the “Enable Futures Trading” option that appears upon entering the futures market for the first time.
• Read the risk disclosure document thoroughly and check the box confirming you understand the associated risks.
• Complete a short quiz or acknowledgment step to confirm your understanding of contract trading principles.
• Submit your request to activate the function.

Once enabled, the contract trading interface will become accessible, allowing you to select between different trading pairs and leverage options.

Setting Up Your Trading Environment

After activating contract trading, configuring your trading environment is crucial. Here’s how to proceed:

• Choose your preferred trading pair, such as BTC/USDT or ETH/USDT.
• Select the desired leverage level, typically ranging from 1x to 100x.
• Switch between isolated and cross-margin modes based on your risk tolerance.
• Set up stop-loss and take-profit orders to manage potential losses and gains automatically.
• Customize the chart settings and indicators to suit your trading strategy.

These adjustments help tailor the experience to individual preferences and strategies while maintaining control over exposure to market volatility.

Understanding Margin and Leverage Settings

Margin and leverage play a central role in contract trading. Users must deposit a portion of the total trade value as margin. On CoinEx, traders can choose between isolated margin and cross margin:

• Isolated margin: Limits the risk to the amount allocated specifically for a particular position.
• Cross margin: Uses the entire account balance as collateral, reducing the likelihood of liquidation but increasing overall exposure.

Leverage amplifies both profits and losses. For example, using 10x leverage means a 1% move against your position could result in a 10% loss. Traders should approach leverage cautiously and adjust it according to their risk appetite.

Frequently Asked Questions

Can I disable contract trading after enabling it?

Yes, users can disable contract trading by navigating to the futures settings and selecting the option to deactivate the feature. However, any open positions must be closed before disabling the function entirely.

Is there a fee for enabling contract trading?

No, enabling contract trading itself does not incur any fees. However, standard trading fees apply when opening or closing positions, and funding fees may apply for holding positions overnight.

What happens if my account balance falls below the maintenance margin?

If your account equity drops below the maintenance margin requirement, your position will be subject to liquidation. The system will automatically close your position to prevent further losses beyond your deposited margin.

How do I switch between isolated and cross-margin modes?

You can switch between margin modes directly within the futures trading interface. Simply click on the margin mode indicator next to your active position and select either Isolated or Cross. Changes will apply immediately to new positions unless specified otherwise.