How to trade Spot on CoinEx?

Spot trading on CoinEx involves directly exchanging one cryptocurrency for another. For instance, when using USDT to value CET, a CET/USDT trading pair is formed. Transactions are matched based on price and time priority, enabling direct exchanges between digital currencies.

CoinEx users can pay transaction fees using an equivalent amount of CET and enjoy special fee discounts. Additionally, users holding a specific amount of CET can become CoinEx VIPs.

Here is a beginner’s guide on how to conduct spot trading on CoinEX:

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I. Overview of the spot trading page

As displayed in the illustration:

  1. Search bar and market section
  2. Token and basic market data
  3. Candlestick and depth chart
  4. Market selection area
  5. Market handicap depth
  6. Latest transactions
  7. Current orders
  8. Order history

coinex Description for spot trading page

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II. Conducting spot trading on CoinEx

Go to the CoinEx website, log in, and click [Exchange] on the top navigation bar to access the spot trading section.

How to make spot trading in CoinEx

Taking the purchase/placement of a CET/USDT limit order as an example:

Search for CET, select [CET/USDT], click [Spot Trading], choose [Limit] type and [Always Valid] (default status). Set [Price] and [Amount]. Confirm the details and click [Buy CET];

(Your order will only be executed when the market price reaches your specified buying price.)

coinex buying placing CET USDT limit order as an example

Using the sell/placement of a CET/USDT limit order as an example:
Choose [Spot Trading] market, [Limit] type, and [Always Valid] (default status). Set [Price] and [Amount]. Confirm the details and click [Sell CET];

coinex Take selling placing CET USDT limit order as an example

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III. Using CET as Transaction Fees

To use CET for transaction fees, click [Account] and select [Preferences Settings] from the drop-down menu.

coinex Use CET as Transaction Fees

Slide the button on the right to enable [Use CET as Fees]. CET will now be used to pay transaction fees for spot trading.

Now CET will be applied to pay transaction fees for spot trading.

To become a top cryptocurrency investor, start with spot trading. Prepare your cryptos and get started!

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How to Trade Futures on CoinEx?

Many crypto newcomers are drawn to the potential returns of futures trading but intimidated by its complexity. However, trading futures is not that difficult. This guide will provide easy, step-by-step instructions on trading futures on CoinEx. Make sure to read them if you plan to trade futures.

I. Initiating futures trading on CoinEx & Transferring assets to the Futures Account

Go to the CoinEx website, log in, and click [Futures] on the navigation bar.

If new to futures, carefully read [Risk Reminder], check [I have read and agree to accept the risks and liability.], and click [Confirm] to create a Futures Account;

coinex read carefully [Risk Reminder], tick [I have read and agree to accept the risks and liability.]

If your Futures Account balance is zero, transfer assets into the account before trading. Click [Assets] on the navigation bar, then [Futures] in the dropdown menu, followed by [Asset Transfer], and finally select a coin to transfer from [Spot] to [Futures];

coinex transfer assets into the account before trading

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II. Choose the futures type, trading pair, and open/close a position

To start a long position in the BTC/USDT linear contract market on CoinEx, first select the futures type and trading pair. In this case, choose the linear contract and BTC/USDT.

coinex Select the type of futures and the trading pair, and open close a position

Set the margin mode, leverage, and click [Confirm];

(PS: In Cross Margin Mode, the account’s entire available balance can serve as margin for the current position. In Isolated Margin Mode, only the account’s margin in the current market is used to maintain the position, with the option to manually increase the margin. Higher leverage ratios come with increased risk, so new futures traders are advised to select a lower leverage ratio.)

Set the margin mode and the leverage, and click on [Confirm];

3. If you anticipate that the BTC price will go up, you can buy long by entering the Price and Amount on the left side of the image below, and then click on [Buy BTC]. The order will be submitted to the market. If the current BTC price is 47,000 USDT and you expect it to reach 50,000 USDT, you can purchase 0.1 BTC at 47,000 USDT;

If you believe that the BTC price will rise, you could buy long by entering the Price and Amount

4. After the order is placed, you can view the position details in [Current Position]. When the BTC price reaches the expected value (50,000 USDT), you may [Close All] or [Close Position];

coinex check information about the position in [Current Position]

Additionally, you can set the liquidation price using the [Take-Profit & Stop-Loss] feature — your position will automatically close once the market price hits the specified price, effectively reducing associated risks.

It is important to note that CoinEx utilizes the Mark Price to determine a position’s PNL and liquidation price — forced liquidation occurs when the Mark Price reaches the liquidation price. To minimize the risk of forced liquidation, you can add more margin ahead of time.

Futures trading isn’t difficult, right? CoinEx now offers 100+ futures markets, allowing you to choose one that interests you to begin trading.

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