Cryptocurrency Q&A
How do I trade crypto on CoinEx?
How do I trade crypto on CoinEx?
Luca
Sun Sep 29 2024
|
7 answers
1696
Are you new to the world of cryptocurrency trading and wondering how to get started on CoinEx? Allow me to guide you through the process. Firstly, you'll need to create an account on the CoinEx platform. This involves providing your email address, creating a strong password, and verifying your identity through email or mobile number. Once your account is set up, you'll be able to deposit funds into your account using various cryptocurrencies or fiat currencies. Once your funds are in your account, you can start exploring the various trading pairs available on CoinEx and place your trades. It's important to note that trading cryptocurrencies involves risk, so it's crucial to do your research and understand the market before investing. Are you ready to start your crypto trading journey on CoinEx?
7 answers
DongdaemunTrend
Tue Oct 01 2024
When navigating through the vast world of cryptocurrency trading, one of the first steps is to locate the desired trading pair. In this case, users should search and select the [CET/USDT] trading pair in the provided search bar. This step ensures that traders are able to access the specific market they wish to engage in.
Was this helpful?
297
21
SeoulSerenitySeeker
Tue Oct 01 2024
Following the selection of the trading pair, traders must then choose the appropriate market for their transactions. In this instance, the [Spot Trading] market should be selected. Spot trading allows for the direct exchange of cryptocurrencies at the current market price, offering traders immediate access to liquidity.
Was this helpful?
169
97
Silvia
Tue Oct 01 2024
With the market chosen, traders must then decide on the type of order they wish to place. The [Limit] order type is a popular choice as it allows traders to specify both the price and the amount they are willing to buy or sell. This gives traders greater control over their trades and can help to manage risk.
Was this helpful?
395
32
KatanaSharp
Mon Sep 30 2024
To further customize their limit orders, traders can access the "Advanced" settings. Here, they can set the execution type for their order. The default execution type is AL, which stands for Advanced Liquidity. This setting helps to ensure that traders' orders are filled as efficiently as possible.
Was this helpful?
376
82
Riccardo
Mon Sep 30 2024
Once the order type and execution settings have been selected, traders must then specify the [Price] they are willing to buy or sell at. This is an important step as it determines the terms of the trade and can have a significant impact on the profitability of the trade.
Was this helpful?
261
61
Load 5 more related questions
