How to sell CoinW perpetual contracts

To sell a perpetual contract on CoinW, create an account, deposit funds, find the desired contract, place a sell order, monitor it, and close the position once executed.

Nov 12, 2024 at 08:06 pm

How to Sell CoinW Perpetual Contracts

Perpetual contracts are a type of futures contract that does not have a fixed expiration date. This means that they can be held indefinitely, or until the trader decides to close the position. Perpetual contracts are often used for hedging or speculation, and they can be traded on a variety of exchanges.

CoinW is a cryptocurrency exchange that offers perpetual contracts on a variety of digital assets. To sell a perpetual contract on CoinW, you will need to follow these steps:

1. Create an account on CoinW

If you do not already have an account on CoinW, you will need to create one. To do this, visit the CoinW website and click on the "Sign Up" button. You will be asked to provide your email address, a username, and a password. Once you have filled out the form, click on the "Sign Up" button to create your account.

2. Deposit funds into your account

Once you have created an account on CoinW, you will need to deposit funds into your account in order to trade perpetual contracts. To do this, click on the "Deposit" button on the CoinW website. You will be presented with a list of deposit methods. Choose the deposit method that you want to use and follow the instructions on the screen.

3. Find the perpetual contract that you want to sell

Once you have deposited funds into your account, you will need to find the perpetual contract that you want to sell. To do this, click on the "Trade" button on the CoinW website. You will be presented with a list of all of the perpetual contracts that are available for trading on CoinW. Find the perpetual contract that you want to sell and click on it.

4. Place a sell order

Once you have found the perpetual contract that you want to sell, you will need to place a sell order. To do this, click on the "Sell" button on the CoinW website. You will be presented with a form that allows you to specify the number of contracts that you want to sell, the price that you want to sell them at, and the type of order that you want to place. Once you have filled out the form, click on the "Sell" button to place your order.

5. Monitor your order

Once you have placed your sell order, you will need to monitor it until it is executed. You can do this by clicking on the "Orders" tab on the CoinW website. You will be presented with a list of all of your open orders. Find the sell order that you placed and click on it. You will be able to see the status of your order and the current price of the perpetual contract.

6. Close your position

Once your sell order has been executed, you will need to close your position. To do this, click on the "Close" button on the CoinW website. You will be presented with a form that allows you to specify the number of contracts that you want to close and the price that you want to close them at. Once you have filled out the form, click on the "Close" button to close your position.