BitMEX exchange app novice buying coin graphic tutorial

To buy coins on the BitMEX app, simply navigate to the Trade menu, search for the desired coin, place a Buy order with your preferred order type, and finalize the purchase once it's filled.

Oct 01, 2024 at 02:17 pm

BitMEX Exchange App: A Visual Guide to Buying Coins for Beginners

1. Registration and Account Setup

• Download the BitMEX app on your mobile device.
• Create an account by providing a valid email address, password, and phone number.
• Complete the ID verification process by submitting a government-issued photo ID.

2. Funding Your Account

• Click on "Fund Wallet" in the app homepage.
• Select the desired funding method (e.g., Wire Transfer, Credit/Debit Card).
• Follow the on-screen instructions to complete the deposit.

3. Finding the Coin You Want

• Tap on the "Trade" icon in the app menu.
• In the search bar, type in the ticker symbol or the full name of the coin you want to buy.
• Example: If you want to buy Bitcoin, enter "BTC".

4. Placing a Buy Order

• Select the "Buy" tab at the bottom of the trade page.
• Enter the amount of coin you want to buy in the "Quantity" field.
• Choose a buy order type (e.g., Limit Order, Market Order).
• If placing a Limit Order, specify the desired price.
• Click on "Buy" to submit your order.

5. Checking Your Order Status

• Once your order is submitted, you can view its status in the "Orders" section of the app menu.
• Different order statuses can include "Pending", "Filled", or "Partially Filled".

6. Finalizing the Purchase

• Once your order is fully "Filled", the purchased coins will be credited to your BitMEX wallet.
• You can access your coins in the "Wallet" section of the app.

Additional Tips for Beginners:

• Start with a small investment amount to minimize potential losses.
• Research and understand the coin you want to buy before investing.
• Monitor the coin market closely to make informed trading decisions.
• Consider using a hardware wallet to store your coins for added security.
• Seek professional advice if you are unsure about any aspect of trading cryptocurrencies.