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Mobile MEXC contract operation process
To begin contract trading on the MEXC mobile app, one must establish an account, deposit funds, comprehend contract trading, select a contract, place an order, monitor the position, close it, and finally withdraw the funds.
Nov 14, 2024 at 08:39 pm
- Download the MEXC app from the App Store (iOS) or Google Play (Android).
- Register for a new account by providing your email address, phone number, or social media account.
- Verify your identity by completing KYC (Know Your Customer) procedures.
- Tap on "Assets" in the bottom menu.
- Select "Deposit" and choose your preferred deposit method (e.g., cryptocurrencies, fiat currencies).
- Follow the on-screen instructions to complete the deposit process.
- Contracts are financial instruments that allow traders to speculate on the price movements of underlying assets like cryptocurrencies.
- MEXC offers various contract types, including futures and options.
- Familiarize yourself with the concepts of margin, leverage, and risk management before trading contracts.
- Tap on "Contracts" in the bottom menu.
- Select a contract from the available list by filtering by underlying asset, type, or other criteria.
- Review the contract details thoroughly, including the underlying asset, margin requirements, and expiration date.
- Choose between limit orders (executed at a specified price) and market orders (executed at the best available price).
- Enter the contract amount, leverage, and stop-loss/take-profit orders (optional).
- Confirm the order details and tap on "Buy" or "Sell" to place the order.
- After placing an order, you can monitor your position by tapping on "Orders" or "Positions" in the bottom menu.
- Adjust the position by increasing or decreasing the margin, adjusting leverage, or setting stop-loss/take-profit orders as needed.
- To close a position, tap on "Close" in the Position details page.
- Choose between closing at market price or limit price.
- Confirm the closing details and tap on "Close" to complete the transaction.
- When you are ready to withdraw funds, tap on "Assets" and select "Withdraw."
- Choose your preferred withdrawal method, enter the amount and withdrawal address.
- Complete the withdrawal process by following the on-screen instructions.
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