How to operate MEXC contract on mobile phone

Nov 14, 2024 at 01:30 pm

How to Operate MEXC Contract Trading on Mobile Phone

Step 1: Download MEXC App

Begin by downloading the MEXC app from the official App Store for iOS or Google Play Store for Android devices. Ensure you obtain the genuine application to prevent security concerns.

Step 2: Sign Up or Log In

If you're a new user, tap "Sign Up" to create an account. Provide the necessary personal information, including your email address and password, and adhere to the platform's terms and conditions. Existing users can simply "Log In" using their registered credentials.

Step 3: Fund Your Account

To commence trading contracts on MEXC, you'll need to fund your account. Select "Deposit" from the wallet section of the app and choose your preferred deposit method. MEXC supports a diverse range of deposit options, including credit/debit cards, bank transfers, and cryptocurrency deposits.

Step 4: Navigate to the Contract Trading Interface

Once your account is funded, navigate to the "Trade" section within the MEXC app. Select "Derivatives" and choose the "Contract" tab. This will bring you to the contract trading interface, where you can view available trading pairs and place orders.

Step 5: Choose a Trading Pair

MEXC offers a vast selection of cryptocurrency trading pairs for contract trading. Select the pair you wish to trade by tapping on the "Contract" tab located at the top of the screen.

Step 6: Select Order Type

Depending on your trading strategy, choose the appropriate order type. MEXC supports various order types, including limit orders, market orders, and conditional orders.

Step 7: Set Parameters

Specify the parameters of your order, including the order size, price (for limit orders), and leverage level. It's crucial to set appropriate leverage levels based on your risk appetite and trading experience.

Step 8: Preview and Confirm Order

Before confirming the order, thoroughly review the order details to ensure accuracy. Confirm the order by tapping the "Buy" or "Sell" button, depending on the direction of your trade.

Step 9: Monitor and Manage Positions

After placing an order, it will be visible in the "Positions" tab. Monitor the performance of your position and adjust it as necessary. MEXC provides real-time updates on your positions, allowing you to make informed decisions.