How to sell MEXC contract

How to Sell MEXC Contract

MEXC is a cryptocurrency exchange that offers a variety of trading options, including spot trading, margin trading, and futures trading. Futures trading allows traders to speculate on the future price of an asset, and it can be a lucrative way to make a profit. However, it is important to understand the risks involved in futures trading before you get started.

Step 1: Open a MEXC Account

If you do not already have a MEXC account, you will need to create one before you can start trading contracts. To create an account, visit the MEXC website and click on the "Sign Up" button. You will need to provide your email address, create 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 before you can start trading. MEXC accepts a variety of deposit methods, including bank transfer, credit card, and cryptocurrency.

Step 3: Find the Contract You Want to Trade

MEXC offers a variety of futures contracts, including contracts for Bitcoin, Ethereum, Litecoin, and Ripple. To find the contract you want to trade, click on the "Futures" tab at the top of the MEXC website. Then, select the contract you want to trade from the list of available contracts.

Step 4: Place Your Order

Once you have found the contract you want to trade, you can place your order. To place an order, click on the "Buy" or "Sell" button. Then, enter the number of contracts you want to buy or sell and the price you want to buy or sell them at.

Step 5: Monitor Your Order

Once you have placed your order, you can monitor it in the "Orders" tab of the MEXC website. Your order will remain open until it is executed or canceled.

Step 6: Close Your Order

When you are ready to close your order, you can click on the "Close" button in the "Orders" tab. Your order will be closed at the current market price.

Step 7: Withdraw Your Profits

Once you have closed your order, you can withdraw your profits from your MEXC account. To withdraw your profits, click on the "Withdraw" tab at the top of the MEXC website. Then, select the cryptocurrency you want to withdraw and enter the amount you want to withdraw.