how to close a spot trade on mexc

To close a spot trade on MEXC, navigate to the Spot Trading page, find the open position you wish to close, cancel the open order, place a new order to close your position, and check the Trade History.

Oct 25, 2024 at 03:32 pm

How to Close a Spot Trade on MEXC

Step 1: Log in to your MEXC account.

• Go to the MEXC website or mobile app and enter your login credentials.

Step 2: Navigate to the Spot Trading page.

• Click on "Trade" on the top menu bar.
• Select "Spot Trading" from the drop-down menu.

Step 3: Find the open position you want to close.

• On the Spot Trading page, click on "Open Orders."
• Find the open position you want to close from the list.

Step 4: Cancel the open order.

• Click on "Cancel" for the order you want to close.
• Confirm the cancellation in the pop-up window.

Step 5: Place a new order to close your position.

• Once the open order is canceled, click on "Buy" or "Sell" as appropriate to close your position.
• Enter the desired quantity and price.
• Click on "Place Order."

Step 6: Check the Trade History.

• After you place the new order, go to "Trade History."
• Look for the closed position in the list.

Note:

• When you close a spot trade, you are selling or buying an equal amount of the asset to close the open position.
• Ensure you have sufficient funds in your account to cover the closing transaction.
• You can also use a Stop Limit order to automatically close your position if the market price reaches a certain level.