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MEXC USDT-Margined Swaps Operation Guide (Web)

2020-06-05

Login 1. Visit the MEXC website at www.mexc.com, click on [Futures] and select [Perpetual Futures] - [USDT-M Perpetual Futures] to enter the live futures trading page. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230620175210867eIENyhdVx7ZfhW.png" width="807" /> 2. Please browse the MEXC perpetual contract trading page carefully to understand the contents of each section. This includes: basic market details, K-line, order book information, depth chart, position and order information, and asset information. You can also view futures details, which allows you to view the risk limit, trading rules, index price, fair price, funding rate history, and insurance fund account status of the contract. You can also view order-related information through the orders. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F202306201752109312pSw3jvmg20WTJ.png" width="754" /> *Click [Futures Trade] [Orders] for more details 3. Trade （1）MEXC perpetual contract consists of USDT-M contracts and COIN-M contracts. USDT-M contracts use USDT as margin, while COIN-M contracts use the corresponding crypto as margin. Users can choose different trading pairs to trade according to their needs. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230429012801946aNenzGDUGIv29U.png" alt="en311.png" width="255" /> （2）If there are not enough funds available, users can transfer funds from their spot account to their futures account. If there are no funds in the spot account, users have to top up or trade in fiat. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230429012803400vtFdWzDsF89J0X.png" alt="en321.png" width="293" /> （3）To submit an order, fill in the order information in the order section (including selecting the order type, price, and quantity) and then submit the order. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230429012804770RlmhytBrzuQl40.png" alt="en331.png" width="247" /> 4. Leverage MEXC perpetual contracts support up to 200x leverage, and the maximum leverage varies by product. Leverage is determined by the initial margin and maintenance margin levels. They determine the minimum amount of capital you need to open and maintain a position. * The current two-way mode allows users to use different leverage multiples for long and short positions, and also supports margin mode switching. This means users can switch between cross margin and isolated margin mode. [How to change multiplier] For instance, the multiplier for the long position is 3X and 20X for the short position. In order to reduce the risk hedging, it is recommended that users change the long position from 3X to 20X. Click the [Long 3X] button, and then manually adjust the multiplier. Here, we adjust it to 20X,. Click [Confirm]. The leverage multiplier of the long position has changed to 20X. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230429012806081olqBhMcj3p0Z7U.png" alt="en4.png" width="323" /> 5. Cross Margin Mode Cross margin refers to the use of all available balance in the account as margin to avoid liquidation. In this margin mode, liquidation will be triggered when the equity is insufficient to meet the maintenance margin requirement. If a cross margin position is liquidated, the user will lose all assets in the account except for the margin of the isolated margin positions. 6. Isolated Margin Mode The maximum loss of isolated position is limited to the initial margin of the position and the increased margin used by the position. If a position gets liquidated, the user will only lose the isolated position margin for each position, and the available balance of the account will not be added. By isolating the margin used for a position, you can limit losses on that position, thus helping you if your short-term speculative trading strategy fails. Users can manually add margin for their isolated margin positions to optimize the liquidation prize. *The system default is isolated margin mode. It will change to cross margin mode when the option is clicked. *Currently, MEXC perpetual contracts allow users to change from isolated margin mode to cross margin mode; note that users can’t change cross margin positions to isolated margin positions. [Change to Isolated Margin] Currently, users can use different leverage multipliers for both long and short positions, and can modify any leverage multiplier in isolated margin mode. [How to Change] For instance, there is a current long BTCUSDT position with 20X leverage. If you want to change the isolated margin mode to cross margin mode, click the [Long 20X] button, then click the [cross margin] button, and finally click [Confirm]. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F202304290128074357unQvcaVo17KEP.png" alt="en6.png" width="266" /> 7. Long & Short （1）Buy Long A trader will buy more contracts if he judges that the market price will rise in the future. Going long means buying a contract at a suitable price, waiting for the market price to rise, and then selling (closing the position) to earn the difference. It is similar to spot trading and is referred to as "buy first and sell later". （2）Sell Short A trader will sell contracts if he judges that the market price will fall in the future. Sell short means selling a contract at a suitable price and waiting for the market price to fall before buying (closing the position) to earn the difference. It is referred to as "sell first and buy later". If you have completed the above steps, congratulations, you have traded successfully! 8. Order A variety of order modes are available for MEXC futures, enough to fully meet all traders’ trading needs. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230429012808774tEKqwoj1ASIvDV.png" alt="en8.png" width="234" /> （1）Limit Order Limit orders allow the user to set the order price and the order will be filled at the order price or at a price better than the order price. When using limit order, users can also set the time in force according to their trading needs, with the default being GTC: - GTC (Good-Til-Canceled): This type of order will remain in effect until it is completely filled or canceled. - IOC (Immediate-Or-Cancel): This type of order will be canceled if the order is not filled immediately at the specified price. - FOK (Fill Or Kill): This type of order will be canceled immediately if the order is not filled in full. （2）Market Order Market orders will be filled at the best price available in the order list at the time, eliminating the need to set your own price and allowing orders to be filled quickly. （3）Trigger Order Users set a trigger price. When the base price (market price, index price, fair price) reach the trigger price, the order will be placed at the order price (support limit or market price). （4）Post Only Post only orders will not be immediately traded in the market, ensuring that the user is always a Maker. At the same time, if the order is filled with an existing order, the order will be immediately revoked. （5）Trailing Stop Order A Trailing Stop Order is a strategy order that tracks the market price. Its trigger price may change with market volatility. This trigger price calculation: Sell, Actual Trigger Price = Market's Historically Highest Price - Trail Variance (Var.), Or Market's Historically Highest Price * (1 - Trail Variance %) (Ratio); Buy, Actual Trigger Price = Market's Historically Lowest Price + Trail Variance, Or Market's Historically Lowest Price * (1 + Trail Variance %). At the same time, the user can select the price at which the order is activated. The system will start to calculate the trigger price only after the order is activated. （6）Stop Limit Take Profit MEXC perpetual contract supports opening positions while setting stop loss and take profit. To short BTCUSDT, for example, the entry price 21850 USDT, fill in the take profit price as 21900, stop loss price 21800, and click sell. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230429012810123MsKH7mDWrolS4y.png" alt="en86.png" width="223" /> What are the advantages of using perpetual contracts for investment purposes? Let's take the example of a USDT-M contract: Suppose trader A and B participate in BTC trading at the same time, A uses MEXC perpetual contract while B buys spot directly (equivalent to 1 times without opening leverage). The entry price of BTC is 7000 USDT with the entry value of 1 BTC. MEXC perpetual contract BTCUSDT single contract value is 0.0001BTC. Buy/Long Example If the price of BTC increase to 7500 USDT, let’s compare A and B’s earnings: <table><tbody><tr><td> Project </td><td> A-Perpetual Contracts </td><td> B-Spot Trade </td></tr><tr><td> Entry Price </td><td> 7000 USDT </td><td> 7000 USDT </td></tr><tr><td> Entry Value </td><td> 10000 contr. (approx. 1 BTC) </td><td> 1 BTC </td></tr><tr><td> Multiplier </td><td> 100X </td><td> 1X (no leverage) </td></tr><tr><td> Funds Used </td><td> 70 USDT </td><td> 7000 USDT </td></tr><tr><td> Earnings </td><td> 500 USDT </td><td> 500 USDT </td></tr><tr><td> Yield Rate </td><td> 714.28% </td><td> 7.14% </td></tr></tbody></table> Sell/Short Example If the price of BTC decrease to 6500 USDT, let’s compare A and B’s earnings: <table><tbody><tr><td> Project </td><td> A-Perpetual Contracts </td><td> B-Spot Trade </td></tr><tr><td> Entry Price </td><td> 7000 USDT </td><td> 7000 USDT </td></tr><tr><td> Entry Value </td><td> 10000 contr. (approx. 1 BTC) </td><td> 1 BTC </td></tr><tr><td> Multiplier </td><td> 100X </td><td> 1X (no leverage) </td></tr><tr><td> Funds Used </td><td> 70 USDT </td><td> 7000 USDT </td></tr><tr><td> Earnings </td><td> 500 USDT </td><td> 500 USDT </td></tr><tr><td> Yield Rate </td><td> 714.28% </td><td> 7.14% </td></tr></tbody></table> By comparing the above cases, we find that A used 100 times leverage and only 1% ofB's margin to get the same return, making a big profit from a small amount. If you need to know more about the data calculation, you can use the "Calculator" on our trading page. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230620174927902Jo9sfjXU0uyDw9.png" width="515" /><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230620174927934FAl5ceKGZGWFMB.png" width="517" />

Automatic Deleveraging System (ADL)

2020-04-20

#FAQ

When a trader’s position is liquidated, the position is taken over by MEXC's perpetual contract liquidation system. If the liquidation cannot be filled by the time the fair price reaches the bankruptcy price, the ADL system will automatically deleverage the positions of traders with reverse positions. The order of deleveraging is based on leverage and profit ratio. Automatic Deleveraging Ranking System: （1）Deleveraging Process The trader’s positions are liquidated based on the bankruptcy price of the positions. If the insurance fund is still not enough, automatic deleveraging will be triggered. The effective leveraging PNL ranking is calculated by the counterparty based on profits and effective leverage. Traders who trade aggressively and earn the most profits will be marked with ADL sequence priority. Automatic deleveraging at bankruptcy prices of ADL executed parties with the top traders in terms of effective leverage PNL. Automatic Deleveraging Ranking Calculation: Ranking = PNL Percentage * Effective Leverage (if profitable) = PNL Percentage / Effective Leverage (if loss) where Effective Leverage = abs(Mark Value) / (Mark Value - Bankruptcy Value) PNL percentage = (Mark Value - Avg Entry Value) / abs(Avg Entry Value) Mark Value = Position Value at Mark Price Bankruptcy Value = Position Value at Bankruptcy Price Avg Entry Value = Position Value at Average Entry Price The system will sort these positions from highest to lowest. <audio style="display: none;" controls="controls"></audio>

Withdrawal Risk Warning Notice

2020-04-16

#Deposits & Withdrawals

<div><div style="white-space:normal">Dear MEXCers,</div><div style="white-space:normal"> </div><div style="white-space:normal">Conducting a withdrawal involves a risky endeavor of asset transfer. Before making a withdrawal, please read this risk warning notice carefully and be aware of the various risk factors associated with this service. Fully understand the potential risks of making a withdrawal, thoroughly consider your own risk awareness, risk identification ability, and risk tolerance, and make a cautious decision whether to proceed with the withdrawal service.</div><div style="white-space:normal"> </div><div style="white-space:normal">Upon confirming this service notice, it will be deemed that you have thoroughly read and understood the entire content of this risk warning notice, and voluntarily opted for MEXC's withdrawal service. It will also be deemed that you possess sufficient understanding of your own risk awareness, risk identification ability, and risk tolerance regarding withdrawals, and voluntarily undertake the risks and legal responsibilities that may arise from conducting withdrawals.</div><div style="white-space:normal"> </div><div style="white-space:normal">MEXC hereby provides the following risk warning notice and statement:</div><div style="white-space:normal"> </div><div style="white-space:normal">1. Change of asset ownership: Once withdrawn to another address, the assets will be subject to the control of the individual or platform associated with the withdrawal address;</div><div style="white-space:normal">2. Platform's inability to recover withdrawn assets: Once the withdrawal is completed, the platform will be unable to assist you in recovering the withdrawn assets;</div><div style="white-space:normal">3. Asset loss as a result of withdrawal to suspicious addresses or platforms: If you are enticed to withdraw to suspicious platforms operating Ponzi/pyramid schemes, there is a high likelihood that you will be unable to withdraw your assets from such platforms;</div><div style="white-space:normal">4. Falling victim to fraudulent withdrawals: If you are enticed by promises of high returns through activities such as arbitrage and airdrops, and you withdraw your assets to gambling websites, scam platforms, or similar schemes, there is a high likelihood that you will lose your withdrawn assets;</div><div style="white-space:normal">5. Non-repayment of loans: If you lend your assets to another individual and withdraw them to the borrower's address, but the other party subsequently refuses to repay the loan, the platform will be unable to assist you in recovering the withdrawn assets;</div><div style="white-space:normal">6. Involvement in money laundering risks: If you are entrusted or coerced into assisting others in purchasing cryptocurrencies and subsequently withdrawing them, which may involve engaging in money laundering behavior, you could be considered an accomplice and will be personally responsible for the corresponding legal consequences;</div><div style="white-space:normal">7. Withdrawals to incorrect addresses: If you mistakenly withdraw your assets to an incorrect address due to personal filling errors, the platform will be unable to assist you in recovering the withdrawn assets;</div><div style="white-space:normal">8. Risks associated with participating in ICOs: ICO crowdfunding involves high-risk investment behavior. Please exercise caution and avoid withdrawing funds directly to the ICO crowdfunding addresses. Doing so will result in the inability to receive the digital assets raised through crowdfunding;</div><div style="white-space:normal">9. Risks due to force majeure: This includes, but is not limited to, unforeseeable events such as war, financial market crises, natural disasters, major political events, hacker attacks, computer virus outbreaks, and any other unpredictable risks that may result in losses from withdrawals. Users are responsible for any losses incurred due to force majeure and unforeseen events;</div><div style="white-space:normal">10. Loss of assets due to user error: User errors include, but are not limited to, losses caused by poor decision-making, improper operations, forgotten or disclosed passwords, password cracking, third-party intrusion into the individual's computer systems, malicious or improper operations by others when acting as agents for transactions.</div><div style="white-space:normal"> </div><div style="white-space:normal">Special Reminder: This risk warning notice does not cover all the risks associated with withdrawals. Before withdrawing funds on MEXC, users should fully understand the relevant policies and regulations, carefully read the platform's relevant service agreements, and carefully consider their own risk tolerance based on their individual circumstances.</div><div style="white-space:normal"> </div><div style="white-space:normal">You acknowledge and guarantee that you have carefully read this risk warning notice, fully understand all the risks mentioned above, and voluntarily accept the responsibility for any losses incurred as a result.</div></div>

Issues in Spot Trading

2020-03-16

#Spot

1. Why can't I enter the buy/sell amount? Please make sure that you have a sufficient amount in your account. If the amount is insufficient, you cannot enjoy the transaction. 2. I only bought USDT, why can't I trade? The USDT you purchase in fiat trading will be put into your fiat account, you need to transfer them to your spot account before you trade. 3. Where can I see my transaction records? Your transaction record can be seen in your "Orders"-"Currency Order"-"Historical Orders". 4. Why can't I see all my transaction records? At present, you can only see your transaction records for nearly a month in your account. If you need to inquire more transaction records, please submit an application through online customer service, and we will send it to your registered mailbox in about 3 working days. 5. Why is my transaction record different from my order record? The transaction is usually divided into multiple partial transactions, please check the total amount, it should be the same as the amount you placed. 6. Is there a market order method for currency trading? At present, we do not have a market-based pending order for currency trading, and all require you to manually enter the price and quantity for pending orders. 7. What is the innovation zone? Tokens in the innovation zone often belong to a category with relatively large price fluctuations. Compared with the mainboard market, the products in the innovation zone are also more risky and require a careful operation. It is worth mentioning that the tokens in the innovation zone are limited in time and not inconvenient. If the tokens in the innovation zone return to normal fluctuations, it is possible to move to the mainboard for trading at a later stage after the volume rebounds. Announcement notice. 8. How should I add my frequently used trading pairs? You can search for the token you want in the search bar on the right, and click the "☆" next to add a favorite. 11. How should I read the introduction of this project? On the web page, you can click on the transaction pair on the left side of the page to check the "XXX data" below, and on the mobile terminal, you can click on the transaction pair and view the introduction in the "currency details" in the drop-down page. 12. Why are the percentage in the daily line rising and the decline in the Kline showing? Because the percentage change in the daily line is calculated at 0 points, and the Kline in the daily line is updated at 8 points. 13. Can't the app's trading interface set the parameters of technical indicators? The parameter setting of the technical indicators on the App side is under development, so stay tuned. 14. How should the moving average be selected on the web? You can click "⚙" in the market trading interface and the "Indicator" button next to it to make a selection. 15. How to set the night mode on the mobile App interface? You can click on the avatar in the upper left corner to enter the "My" interface and turn on the night mode next to the "⚙" button. 16. Can the exchange set up red and green? The web page can be set to go up and down, click the "⚙" button on the trading interface to set. 17. When is the daily trading volume of MEXC calculated? It starts at 16:00 (UTC) every day. 18. When did the MEXC increase or decrease start to be calculated? It starts at 16:00 (UTC) every day. 19. When did the daily K-line chart of MEXC start to update? Updated every day at 00:00 (UTC). Please feel free to contact live customer service:

What is Stop-Limit Order?

2019-12-27

#Beginner's Guide

"Stop-Limit" order is a kind of pre-set order that users are able to pre-set stop price, limit price, and buy/sell amount. When the latest trading price reaches the stop price, the system will automatically place the order at the limit price to order book.Definition Stop price: Upon the latest traded price reaching the stop price, the pre-set order will be executed. Limit price: The price that the user enters to buy/sell the cryptocurrency. Amount: The amount that the user enters to buy/sell the cryptocurrency. For Example: The market price of BTC is now lower than 45,000 USDT. A user believes the price of 43,000 USDT is an important resistant position. If the market price breaks 45,000 USDT mark, there will be a bullish trend. Therefore, the user could set the stop price at 43,000 USDT and limit the price at 45,200 USDT. This function exempts users from physically observing the market all 24 hours.Note: If the price experience high volatility, the stop-limit order may fail to be concluded.How to place stop-limit order? Place order: Select "Stop-Limit", set the Stop price at 40,000 USDT and Limit price at 396.3 USDT and the amount of 0.00998 and click "Buy BTC". <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428230546576lpfQzmG8ziSmqR.png" alt="Screenshot_2021-08-20_at_9.24.29_PM.png" style="max-width:100%;height:auto" />Order review: After the order being placed, you can check the order record under "Stop-Limit". <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428230548062ELT2Q0DNKvWBXW.png" alt="Screenshot_2021-08-20_at_9.25.37_PM.png" style="max-width:100%;height:auto" />History record: After the stop-limit order is concluded or cancelled, you can check history records at "Orders" >"Spot" > "Stop-limit". <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428230549577O7OpCXsvRyUGu5.png" alt="Screenshot_2021-08-20_at_9.30.45_PM.png" style="max-width:100%;height:auto" />