How to buy and sell coins on BitMEX exchange? Things newbies to BitMEX exchange need to know

BitMEX exchange provides services for buying and selling cryptocurrency. Notes for newbies: Understand market risks, manage positions carefully, store securely, understand fees, use limit orders, pay attention to funding rates, and seek professional advice. Coin buying process: register an account, make a deposit, select a trading pair, place an order, and wait for the transaction to be completed. Currency selling process: select a trading pair, place an order, and wait for the transaction to be completed.

Guide to buying and selling coins on BitMEX exchange

Opening: BitMEX is a professional cryptocurrency exchange that allows users to buy and sell various cryptocurrencies. This article will introduce in detail the currency buying and selling process on the BitMEX exchange, as well as important considerations that novices need to know.

Buy Coins

1. Register and Verify Account: Register with BitMEX and verify your identity.
2. Deposit: Deposit into your BitMEX account using supported cryptocurrencies or fiat currencies.
3. Select a trading pair: Go to the trading page and select the cryptocurrency you want to buy and the funds you will use as a trading pair. (Example: BTC/USD)
4. Place an order: Enter the quantity and price type (limit order, market order) you want to buy.
5. Confirm Order: Check the order details carefully and click "Place Order".
6. Waiting to be filled: Your order will be added to the order book, waiting to be matched by the hedger.

Sell Coins

1. Select Trading Pair: On the trading page, select the cryptocurrency you want to sell and the funds you will receive as the trading pair. (Example: BTC/USD)
2. Place an order: Enter the quantity and price type you want to sell.
3. Confirm Order: Check the order details and click "Place Order".
4. Waiting for transaction: Your order will be added to the order book, waiting to be matched with a buyer.

Note for newbies

• Understand market risks: The cryptocurrency market is highly volatile. Before entering into any transaction, it is important to understand the inherent risks.
• Manage your positions carefully: Don’t over-leverage your positions. Use stop-loss and limit orders to manage risk.
• Safe storage: Store your cryptocurrencies in a safe and secure wallet.
• Understand Fees: BitMEX charges a variety of fees, including trading fees, withdrawal fees, and funding rates.
• Use limit orders: For cryptocurrencies with high market volatility, using limit orders can help you control the execution price.
• Pay attention to funding rates: The funding rate of a perpetual contract can have a significant impact on your position.
• Seek professional advice: If you are new to cryptocurrency trading, please seek advice from a qualified professional.

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