To take part in the $20,000 Euro Challenge of Wallacy x CoinEx, you’ll need #WLP to predict match scores.

Trading Futures with at least $300 VOL on CoinEx is a quick way to earn +500 WLP. Let’s register & trade futures on your CoinEx account with Wallacy now!

I. Start trading futures on CoinEx & Transfer assets to the Futures Account

1. Visit CoinEx’s official website , log in to your Wallacy-Linked CoinEx account, and click [Futures] on the navigation bar.

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

3. If your Futures Account balance is zero, you should first transfer assets into the account before trading. Click on [Assets] on the navigation bar, then [Futures] on the dropdown menu, and next [Asset Transfer], and finally select a coin to be transferred from [Spot] to [Futures];

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

1. Let’s try starting a long position in the BTC/USDT linear contract market on CoinEx. Firstly, you should select the type of futures and the trading pair. Here, the linear contract and BTC/USDT are chosen.

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

(PS: Under the Cross Margin Mode, all the available balances in the account can be used as the margin for the current position. Under the Isolated Margin Mode, only the margin of the account in the current market will be used to maintain the position, and you may also increase the margin manually. Moreover, a higher leverage ratio brings greater risks. Therefore, new futures traders are advised to set a low leverage ratio.)

3. If you believe that the BTC price will rise, you could buy long by entering the Price and Amount on the left side of the picture below, and then click on [Buy BTC]. The order will then be sent to the market. Suppose the BTC price now stands at 47,000 USDT and you predict that the price will reach 50,000 USDT. Then you can buy 0.1 BTC at 47,000 USDT;

4. Once the order is created, you can check information about the position in [Current Position]. When the BTC price hits the predicted price (50,000 USDT), you can [Close All] or [Close Position];

In addition, you can also set the liquidation price through the function of [Take-Profit & Stop-Loss] — your position will be automatically closed when the market price reaches the predetermined price, which effectively mitigates the relevant risks.

It should be noted that CoinEx uses the Mark Price to determine the PNL and liquidation price of a position — forced liquidation will be triggered when the Mark Price reaches the liquidation price. As such, you may add more margin in advance to mitigate the risk of forced liquidation. 

About CoinEx:

CoinEx, founded in 2017, a global cryptocurrency trading platform with a “user first” brand ethos, offers an array of products and services including Spot, Futures, Margin Trading, Crypto Loans, and Strategic Trading. With a user-driven market orientation, diverse product features, and a commitment to continuous improvement in product services, CoinEx has become an exchange that supports 1,000+ cryptocurrencies, offers 1,500+ trading pairs, and serves over 6 million users in 200+ countries and regions worldwide.

About Wallacy Wallet:

Wallacy is a pioneering multi-chain wallet, offering powerful trading tools, a simplified cross-chain solution, and user-friendly DeFi services to empower your digital asset journey.