How to sell CoinEx perpetual contract

To sell a CoinEx perpetual contract, you'll need to first create an account, fund it, find the desired contract, place a "Sell" order specifying the number of contracts and price, and confirm the sale.

Nov 26, 2024 at 01:20 am

How to Sell CoinEx Perpetual Contract

Step 1: Open a CoinEx Account

Before you can sell a CoinEx perpetual contract, you must first create an account on the CoinEx platform. To do this, visit the CoinEx website and click on the "Sign Up" button. You will need to provide your email address, set a password, and agree to the terms of service.

Step 2: Fund Your Account

Once you have created an account, you will need to fund it with assets before you can start trading perpetual contracts. CoinEx supports a variety of deposit methods, including bank wire transfers, credit cards, and cryptocurrencies.

Step 3: Find the Perpetual Contract You Want to Sell

CoinEx offers a wide range of perpetual contracts, including contracts on Bitcoin, Ethereum, and other popular cryptocurrencies. To find the contract you want to sell, click on the "Derivatives" tab on the CoinEx homepage and select "Perpetual Contracts."

Step 4: Place Your Sell Order

Once you have found the perpetual contract you want to sell, click on the "Sell" button. This will bring up a window where you can specify the number of contracts you want to sell and the price at which you want to sell them.

Step 5: Confirm Your Sale

Once you have entered the details of your sell order, click on the "Confirm" button. This will submit your order to the CoinEx exchange. Your order will be filled when another trader agrees to buy your contract at the price you specified.

Tips for Selling Perpetual Contracts on CoinEx

Use limit orders to control your risk. Limit orders allow you to specify the maximum price at which you are willing to buy or sell a contract. This helps you to protect yourself from sudden market movements.
Set stop-loss orders to protect your profits. Stop-loss orders allow you to sell your contract automatically if the price falls below a certain level. This helps you to lock in your profits and avoid losses.
Manage your risk carefully. Perpetual contracts are a leveraged product, which means that you can lose more money than you initially invested. It is important to manage your risk carefully and only trade with funds that you can afford to lose.

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