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Trading on MEXC Futures: The Comprehensive Guide

MEXC, an international digital asset exchange, provides an exceptional platform for trading futures. With its user-friendly interface, robust trading engine, and a commitment to user security, MEXC offers a wide range of cryptocurrency trading opportunities, making it suitable for both novice and experienced traders. In this comprehensive guide, we’ll explore the steps involved in trading futures on MEXC and provide simplified explanations of relevant terms.

October 7, 2023 at 5:00 pm

Updated October 7, 2023 at 5:00 pm

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Understanding Crypto Futures

In futures trading, buyers and sellers agree to exchange an asset, such as a cryptocurrency, at a predetermined price in the future. Investors can profit from rising cryptocurrency prices by “buying long” futures or even profit from falling prices through “selling short” futures. Additionally, futures allow hedging against price drops and can be used for arbitrage strategies. Leverage is a key advantage in futures trading, but it also increases risk, so traders must exercise caution.

Why Choose MEXC Futures?

MEXC boasts a powerful exchange server designed for speed and efficiency, capable of processing millions of transactions per second. To ensure the highest levels of security and data integrity, MEXC’s servers are distributed across multiple independent countries. The exchange offers a wide range of trading possibilities, supporting over 1,000 cryptocurrencies and more than 2,500 trading pairs. MEXC also provides leverage of up to 200x, surpassing many other platforms in this regard.

Getting Started with MEXC Futures

MEXC, established in 2018, has become one of the top 20 futures trading platforms globally, serving over 6 million users across 200 countries. Here’s how to join this widely adopted Futures Trading platform:

MEXC Crypto Futures Market

 MEXC offers a diverse range of crypto assets, providing traders with extensive options. With support for various trading pairs, including layer 2 coins, meme coins, arbitrium network coins, web3.0 coins, metaverse tokens, NFT coins, and proof of work coins, you’ll find plenty of opportunities to explore. MEXC also stands out with its high leverage offering, reaching up to 200x.

Navigating the MEXC Market and Futures Pairs

 Selecting your trading pairs on MEXC is straightforward. The exchange provides a user-friendly interface where you can choose from various cryptocurrencies in USDT Margin and Coin Margin pairs. This includes layer 2

coins, meme coins, arbitrium network coins, web3.0 coins, metaverse tokens, NFT coins, and proof of work coins.

MEXC Trading View

The MEXC mobile app offers a powerful trading view with accurate charts for tracking cryptocurrency price movements in the market. You can set alerts to monitor your trades and take advantage of various indicators and technical analysis tools to make informed trading decisions.

Eliminating Charting Errors

Charting errors can lead to significant financial losses in the highly volatile crypto market. MEXC addresses this issue by providing some of the fastest and most accurate charts available. The charts load quickly, ensuring you have access to real-time data. Additionally, MEXC offers a wide range of customizable charting options, including various indicators and timeframes.

In conclusion, MEXC is a trusted platform for trading futures with a focus on user security, efficiency, and a diverse range of trading options. Whether you’re new to futures trading or an experienced trader, MEXC offers the tools and resources you need to navigate the world of cryptocurrency futures trading effectively.

Depositing Funds on MEXC

MEXC collaborates with third-party merchants to provide various fiat deposit methods, including Bank Transfer, Apple Pay, and Google Pay, ensuring a seamless trading experience. Additionally, you can transfer funds from other centralized exchanges to your MEXC account using wallet addresses.

To begin, ensure you have available funds in your MEXC account, which can come from your Fiat or Spot account. Follow these steps to fund your Futures wallet:

  • Click on the transfer icon located on the right side of the MEXC Futures interface.
  • Set the amount you wish to transfer and select the wallet you want to use, then click “Confirm.” The transferred balance will be added to your MEXC Futures Wallet instantly.
  • You can also change the direction of the transfer if needed.

Utilizing Leverage on MEXC:

Leverage in cryptocurrency trading allows traders to use borrowed funds to execute trades, amplifying their buying or selling power. Leverage enables you to trade larger positions, even with a limited initial capital. It is expressed as a ratio, such as 2x, 10x, or 100x, indicating how many times your initial capital is multiplied.

Here’s how leverage can affect your buying and selling power:

  • If you have $1,000 and use 10x leverage, you can control a $10,000 position.
  • A 30% increase in the asset’s price could result in a $3,000 profit, much higher than the $300 profit without leverage.
  • However, a 30% price decrease could lead to a $3,000 loss, and with only $1,000 as collateral, your balance could be liquidated.

Understanding Margins on MEXC Futures:

Margin is the amount of money required to open a futures position, often representing a portion of the contract’s total value. MEXC offers two margin types:

  • Cross Margin: When using cross margin, all funds in your account serve as collateral for all trades. Profits from one position can offset losses from another, extending your trade’s duration.
  • Isolated Margin: In isolated margin, you choose the specific amount of collateral for a single position, keeping other account balances unaffected.

To adjust the leverage for each contract manually, hover over the contract and click the default leverage amount. Be aware that higher leverage carries a higher risk of liquidation.

Exciting opportunities

 Trading futures on MEXC offers exciting opportunities but comes with inherent risks. Digital asset prices are volatile, and investments may not yield returns. It’s essential to analyze trades thoroughly, understand potential losses, and consider consulting an experienced futures trader or tutor when uncertain about a trade.

For those new to futures trading, MEXC provides a demo trading platform where you can practice without risking real funds, allowing you to hone your trading skills at your own pace.

Disclaimer

Remember, investing in cryptocurrencies involves risks, and it’s important to conduct thorough research and seek professional advice before making any financial decisions.

 

(Please keep in mind that this post is solely for informative purposes and should not be construed as financial or investment advice.)

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