-
Bitcoin $94,681.8142
0.38% - Ethereum
$1,788.1459
-0.68% - Tether USDt
$1.0002
-0.01% - XRP
$2.2955
0.98% - BNB
$604.4467
0.06% - Solana
$147.5309
-1.12% - USDC
$1.0003
0.04% - Dogecoin
$0.1786
-1.74% - Cardano
$0.7036
-1.05% - TRON
$0.2477
0.30% - Sui
$3.6023
-0.53% - Chainlink
$14.9121
1.41% - Avalanche
$21.9641
0.01% - Stellar
$0.2825
-1.47% - UNUS SED LEO
$8.9840
-1.12% - Toncoin
$3.2464
-2.09% - Hedera
$0.1919
1.03% - Shiba Inu
$0.0...01371
0.91% - Bitcoin Cash
$351.0692
0.69% - Polkadot
$4.2468
3.03% - Litecoin
$85.3522
-1.39% - Hyperliquid
$17.7778
1.06% - Dai
$1.0001
0.01% - Bitget Token
$4.3953
0.31% - Ethena USDe
$0.9994
-0.02% - Monero
$253.1948
10.04% - Pi
$0.6112
-3.36% - Pepe
$0.0...08971
0.93% - Aptos
$5.5768
2.81% - Uniswap
$5.4310
-2.64%
How to withdraw cash from MEXC contracts
When withdrawing cash from MEXC Contracts, it's crucial to first understand contract trading risks and switch to isolated mode to isolate contract trading funds from other account assets for safe withdrawal.
Nov 08, 2024 at 12:40 am
How to Withdraw Cash from MEXC Contracts: A Step-by-Step Guide
Step 1: Understand Contract Trading and Its Risks
Contract trading involves leveraging financial instruments to speculate on price movements. Before withdrawing cash, traders should grasp the dynamics of contract trading and acknowledge the inherent risks. These risks primarily stem from price volatility and leverage, which can magnify both profits and losses.
Step 2: Check Your Contract Balance
To initiate a withdrawal, navigate to the "Contracts" page on the MEXC platform. Select the specific contract you wish to withdraw funds from. Your available balance, comprising both realized and unrealized profits or losses, will be displayed. Ensure that you have sufficient available funds before proceeding.
Step 3: Switch to Isolated Mode
MEXC offers two trading modes: cross and isolated. For withdrawal purposes, it's recommended to switch to isolated mode. This mode isolates your contract trading from your other account funds, mitigating the risk of liquidation. Visit the "Position" page and click "Change" to switch to isolated mode.
Step 4: Close Your Contract Positions
Before withdrawing funds, all open contract positions must be closed. Unclosed positions represent ongoing trades that cannot be liquidated simultaneously with a withdrawal. Use the "Close" button to manually close all positions or select "Close All" for a swift closure of all open positions.
Step 5: Withdraw Your Funds
Once your contract positions are closed, navigate to the "Wallet" section and select "Spot." Find the cryptocurrency you wish to withdraw and click "Withdraw." Input the withdrawal amount, ensuring it's within the available balance displayed in the "Contracts" page.
Step 6: Complete Verification and Withdraw
To enhance security, MEXC requires identity verification before processing withdrawals. Submit the necessary personal information and documentation. Once your verification is approved, complete the withdrawal process by providing the recipient's wallet address and confirming the transaction details.
Step 7: Track Your Withdrawal
After submitting the withdrawal request, you can track its status in the "Withdrawal History" section. Successful withdrawals will be reflected in both the MEXC and recipient's wallets.
Additional Tips
- Consider the network fees associated with the withdrawal. Choose a network with lower fees to minimize transaction costs.
- Utilize a hardware wallet for enhanced security, storing your withdrawn funds offline in a secure location.
- If you encounter any difficulties or delays during the withdrawal process, contact MEXC customer support for assistance.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- Bitcoin (BTC) Nears $90,000 as Market Cap Surges to $2.98 Trillion
- 2025-04-29 04:40:12
- The crypto markets heat up as meme coins capture widespread attention. Fartcoin (FARTCOIN) leads the charge
- 2025-04-29 04:40:12
- Unstaked Emerges as the Fastest-Growing Crypto, Offering a Rare Sub-Cent Entry Price
- 2025-04-29 04:35:12
- After Months of Uncertainty, April 2025 is Giving Crypto Investors a Reason to Smile Again
- 2025-04-29 04:35:12
- Kyrgyz Republic Marks 80th Anniversary of Victory over Fascism with a Silver Collector's Coin
- 2025-04-29 04:30:12
- Top Cryptocurrencies to Buy Today (April 28): Qubetics (TICS), Stacks (STX), Quant (QNT), Aptos (APT), EOS (EOS), Astra (ASTRA), Theta (THETA)
- 2025-04-29 04:30:12
Related knowledge
How to trade LINK contracts? Things to note when trading with leverage
Apr 28,2025 at 08:01pm
Trading LINK contracts, particularly with leverage, can be an exciting yet risky endeavor. LINK, or Chainlink, is a decentralized oracle network that provides real-world data to smart contracts on the blockchain. Trading LINK contracts involves speculating on the price movements of LINK without owning the actual cryptocurrency. When you trade with lever...
Which is better for beginners, Dogecoin futures or spot trading? Is leverage trading risky?
Apr 29,2025 at 04:49am
When deciding whether Dogecoin futures or spot trading is better for beginners, it's important to understand the fundamental differences between these two trading methods and their respective risks. Dogecoin spot trading involves buying and selling the actual cryptocurrency at the current market price. This method is straightforward and allows beginners...
When will the leverage multiple adjustment take effect? Will the leverage change affect the existing position?
Apr 28,2025 at 02:36am
Understanding Leverage Multiple Adjustments in Cryptocurrency TradingIn the realm of cryptocurrency trading, leverage is a powerful tool that allows traders to amplify their trading positions beyond their initial capital. However, adjustments to leverage multiples are a critical aspect that traders must understand thoroughly. This article delves into wh...
Why is the profit and loss of the contract not in line with expectations? Does the calculation of unrealized profit and loss include handling fees?
Apr 27,2025 at 09:14pm
In the world of cryptocurrency trading, especially when dealing with futures and options contracts, traders often find themselves puzzled by discrepancies between their expected and actual profit and loss (P&L). This article delves into the reasons behind such discrepancies and explores whether the calculation of unrealized profit and loss includes hand...
How to play Bybit copy trading? What are the potential risks of following the operation of experts?
Apr 27,2025 at 07:21pm
How to Play Bybit Copy Trading? What Are the Potential Risks of Following the Operation of Experts? Bybit copy trading is a popular feature among cryptocurrency traders looking to benefit from the expertise of seasoned professionals. This article will guide you through the process of engaging in Bybit copy trading and explore the potential risks associa...
What happens if the position margin is insufficient? Where can I view the margin call notification?
Apr 28,2025 at 03:56pm
In the world of cryptocurrency trading, managing your position margin is crucial to maintaining open positions. If the position margin becomes insufficient, it can lead to a series of events that may impact your trading activities. Understanding what happens when the margin is insufficient, as well as how to view margin call notifications, is essential ...
How to trade LINK contracts? Things to note when trading with leverage
Apr 28,2025 at 08:01pm
Trading LINK contracts, particularly with leverage, can be an exciting yet risky endeavor. LINK, or Chainlink, is a decentralized oracle network that provides real-world data to smart contracts on the blockchain. Trading LINK contracts involves speculating on the price movements of LINK without owning the actual cryptocurrency. When you trade with lever...
Which is better for beginners, Dogecoin futures or spot trading? Is leverage trading risky?
Apr 29,2025 at 04:49am
When deciding whether Dogecoin futures or spot trading is better for beginners, it's important to understand the fundamental differences between these two trading methods and their respective risks. Dogecoin spot trading involves buying and selling the actual cryptocurrency at the current market price. This method is straightforward and allows beginners...
When will the leverage multiple adjustment take effect? Will the leverage change affect the existing position?
Apr 28,2025 at 02:36am
Understanding Leverage Multiple Adjustments in Cryptocurrency TradingIn the realm of cryptocurrency trading, leverage is a powerful tool that allows traders to amplify their trading positions beyond their initial capital. However, adjustments to leverage multiples are a critical aspect that traders must understand thoroughly. This article delves into wh...
Why is the profit and loss of the contract not in line with expectations? Does the calculation of unrealized profit and loss include handling fees?
Apr 27,2025 at 09:14pm
In the world of cryptocurrency trading, especially when dealing with futures and options contracts, traders often find themselves puzzled by discrepancies between their expected and actual profit and loss (P&L). This article delves into the reasons behind such discrepancies and explores whether the calculation of unrealized profit and loss includes hand...
How to play Bybit copy trading? What are the potential risks of following the operation of experts?
Apr 27,2025 at 07:21pm
How to Play Bybit Copy Trading? What Are the Potential Risks of Following the Operation of Experts? Bybit copy trading is a popular feature among cryptocurrency traders looking to benefit from the expertise of seasoned professionals. This article will guide you through the process of engaging in Bybit copy trading and explore the potential risks associa...
What happens if the position margin is insufficient? Where can I view the margin call notification?
Apr 28,2025 at 03:56pm
In the world of cryptocurrency trading, managing your position margin is crucial to maintaining open positions. If the position margin becomes insufficient, it can lead to a series of events that may impact your trading activities. Understanding what happens when the margin is insufficient, as well as how to view margin call notifications, is essential ...
See all articles
